My Crypto journey has been a fast-paced and accelerated learning experience.
From the time I jumped onto the “Blockchain” to this very day, I am learning new things, and trying to keep up with rapidly changing technology. This is both a fun and stressful ride, at times. Let me begin…
One thing I can tell you is you must be on the ball, as far as watching your investment, in my experience. I almost treat this as a business. The amount of money you can make can set your grandchildren’s kids up for generations to come. Or, your lack of studying and taking time to do your research can cause you to go broke. It would be best to learn not to spend more than you are willing to lose! Some of you have families. My kids are grown, I’m single, and I can get away with my investment guidelines/strategies because I like the high-risk/high-return opportunities in this space. Besides, I’m a Macro and Micro person: I understand fully the situations I put myself into.
“The Journey” started for me around early 2013, by accident. I am a fitness buff. I’m a personal trainer, and help others to reach their goals. I am also into alternative medicines. In 2013, it was still looked upon as a “Moonie” science. Now, it is an actual practice: I was big into nootropics, a class of substances that can boost brain performance. They are sometimes called cognition enhancers or memory-enhancing substances. At that time, even though it wasn’t illegal to buy these, you would have to purchase them through non-traditional means. So, I was told I needed to buy something called “Bitcoin:” a digital currency. I went on Coinbase, and purchased a considerable amount, not knowing what it would be worth in value, today.
After that experience, I stopped with the nootropics and essentially forgot all about it. In 2018, when Dogecoin had all the buzz, cryptocurrencies began getting a little airplay on mainstream business channels. I started checking this out, and found out the price of Bitcoin. Now remind you… I completely forgotten about my Bitcoin! But I knew I had it, still. I went back to Coinbase, and what do you know! The amount was 5-6 times what I had initially invested!
I took some money out of my Coinbase account, then went to RobinHood to buy some Dogecoin. Then, I began day trading Dogecoin, until purchasing Shiba Inu (SHIB) in mid-March of 2021. It was still relatively new at the time, so I decided to jump in. Now, I did not jump in without doing my own research. Yes, some people helped me, and I help others. But ultimately, it is our own responsibility to research where our money is going!
One of the main points I want to stress, again, is studying and keeping up-to-date with your investments. This is new to millions of people, and we are still relatively new to the entire blockchain environment. This will be the most significant transformation of wealth in history. This is the fastest adoption rate of any technology in history, as the “S-Curve of Innovation” will show you. Look it up!
In my opinion, we are starting towards the path of “Early Majority”: the “Early Adoption” period is either over, or nearing the end. Now that we have financial institutions and Governments entering the fray, the early adoption phase is over. Now, we are transitioning to Decentralized Finance, the Metaverse, NFTs (Non-Fungible Tokens), etc. This is opening a whole new whole, and the rise of Web3! Every day it seems that something new is being built or something is being built on top of something else. This is a rapid pace, during fast times. This is what I have become aware of and adjusted to, and so should you.
Along my journey, I have learned that I have a responsibility to help others. This isn’t because I’m some know-it-all. It’s because of my sense of community: I hate seeing people being taken advantage of; A sort of “Consumer Reports,” if you will. Be diligent in your investment 24/7/365. The banks, Wall Street, and other financial institutions close at 5:00 pm, and aren’t open on the weekends. Crypto and the blockchain are open that same 24/7/365. You must be determined, in order to get the most out of your investment that you can.
I have also learned not to be a “maxi” to one ecosystem. Do I want my investments to do well? Yes! But I would like the whole space to succeed, because we have worked too hard to find a niche in this financial world.
The CEO of JP Morgan called Bitcoin and cryptocurrencies “trash.” He had to eat his words, quickly, because the investors and their clients demanded that they offer these same “trash” services! I want you to understand: it is not easy. It’s an uphill battle to keep up with all of the innovation. But with patience, and staying ahead of the game, you can be successful. It will be worth it!
You must ask yourself how bad you want. Don’t we all want financial freedom? If not for us, maybe for our family members. Don’t you want the freedom to go somewhere on a whim, to help the less fortunate, or to support a cause you feel passionate about? Cryptocurrency can offer you that. Make no mistake, it can take years, or you may find one ecosystem that “moons”. Every choice is up to you. How bad do you want it?