When you are in an industry where people become millionaires overnight (and lose everything simultaneously), it is easy to be anxious and make silly mistakes. Trust me, I have been there and I know what that feels like.
It is also even more crazy watching your portfolio move up and down with the tides of the market, which is very volatile. Today you lose 10% of your portfolio, tomorrow you gain 20%, and the next you lose 30%. It is quite unnerving not knowing where you truly stand, but if you have been in this industry as long as I have you learn to ignore the noise and keep your eyes on the ball.
I don't trade crypto; I do not flip NTFS; I do not engage in all the supposed activities the crypto sphere is known for, mainly because I don't like to lose money and those are sure ways to lose money. Yes, you can make x10 to x100 day trading or flipping nfts--if you are lucky, and for those who get lucky they change their strategy over time. Why? Because gambling is not sustainable and flipping coins/NTFS is gambling.
The more you have, the less you gamble. You want some level of stability. Your favourite crypto influencer isn't looking for the next x100 coin. They are fine with a risk-free investment that pays them 10% of their investment annually. Even if they gamble or try to play the market, it's often with a small piece of their portfolio they can forgo. So while they are nudging you to ape-in some shit coin, they have their safety net.
Also, considering that a lot of people in this industry have a short-term mentality or cannot afford to play long term given their limited resources, they often fall prey to many of these get-rich scams.
So what is the way forward?
Simple: grow slow. Trust me, you are not missing out on anything. Do not get distracted by the hype, it is the fastest way to lose your money. People do not realize how much time they are losing chasing hype from one discord server to another. As you grow in this industry you learn to value your time a whole lot more--I have. At some point in my journey, I was everywhere which often leads to burnout. Then I realized I can focus on a few things.
First, define your goal. Try to be as simplistic as you can be and do not lie to yourself. For instance, my goal is to have a sustainable source of income whilst exploring my creativity. Now, this way I can easily spot opportunities when they come because I have identified what I want to achieve here.
The second step is finding a community. On hive, there are a bunch of communities. You want to identify with people whose goals align with yours and also your value proposition for the community. This way you are seen as a valuable member of the said community.
Once you've identified your goals and where you belong in the grand scheme of things, the next step is to be patient and watch things unfold. For instance, being on leofinance has exposed me to a lot of opportunities. Through creating content and engagement I have learnt a lot about the crypto space and made a few connections, which are worth more than the x10 I would be looking for on Crypto Twitter.
So in conclusion, you do not need to go everywhere; you do not need to move fast with no sense of direction. Those who make life-changing money in this industry are long term players. You might not have the capital to play on their level but you can make quantum leaps that will compound over time.
