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Cryptocurrencies and other Blockchain projects offer a wealth of opportunities with extremely low barriers to entry.
If you want to get involved, and I mean involved beyond the fact that you just want to put some money in and magically see it grow 1000x, all you have to do is put yourself out there.
I mentioned it in my last post, âWhy I Invest In Cryptocurrencyâ, but Bitcoin has only been around since 2009.
Even the experts in this field donât have much of an upper hand on newcomersâââwhatâs 8 or so years?
Thatâs not even a decade.
Beyond the low barrier to entry, weâre also at a point in cryptocurrencyâs development when new types of talent are needed in the space.
Lead Engineers shouldnât be running press conferences.
Iâm going to write another article on âThe Problem with ICOâsâ this weekâââso I wonât delve into that topic just yet.
With the market needing new talent, now is the perfect time to put yourself out there and grab whatever opportunity you can see. Your options are limitless. Whatever your field, it can be applied to projects in this space, and who knowsâââyou might just end up changing the world.
You donât need to have a large amount of money to invest to get involved.
IF YOU WANT TO WORK IN THEÂ INDUSTRY
CREATE VALUE
I canât explain to you how simply getting my name out in the space through networking, writing, and helping others has benefited me.
The past few months have brought some great opportunities my way, I became a partner at a Blockchain Accelerator, started working with an exciting new projectâ and I can trace all of these opportunities back to a single moment.
The moment when I decided that I wanted to contribute value to the blockchain community.
A lot of people Iâve met in business have told me to never do anything for free, theyâve told me it will make people devalue my work. I disagree. My willingness to help people, for free, has brought me more benefit than anything else. If anything, itâs borderline selfish of me. The point is, reach out to some companies youâre interested in working with and offer to help. This industry is so young, and most of the companies in it are in startup mode. They can probably use some assistance, and if you offer help, they might just ask you to join the team.
COMMIT TO YOUR GOAL & CREATE ACTIONABLE STEPS
Not too long ago I wrote down all of my crypto related goals in a notebook; itâs sitting next to me now.
Everyday, I look at this paper and write down what I can do in the next 24 hours to further myself towards these goals.
Reverse engineer your goals and tackle them one day at a time, donât get ahead of yourself.
By doing this Iâve made solid steps towards achieving what I want in an alarmingly short period of time. I hope that doesnât come off as arrogantâââif anything, Iâm still in disbelief at the velocity at which Iâve progressed.
Itâs insane.
Entrepreneurship is like riding a lion. Everyone thinks, âWow look at him heâs so brave and cool, I wish I could do thatâ, while the Entrepreneur thinks, âThis is cool but when did I get up here and how the hell do I keep it from eating me aliveâ.
Keep making incremental steps towards your goals, whether that be increasing your portfolio value or starting your own cryptocurrencyâââtake it one step at a time.
You might be surprised how fast you find yourself gripping the lionâs mane and wondering those same questionsâââcontemplating how far youâve come.
CREATE A PERSONAL BRANDÂ ONLINE
This is crucial in any industry. Your brand is what people associate you with. Itâs your personality, your work, your sense of humor: itâs the perception you create for yourself.
Iâm not going to dive too deep into this because honestly, no one can explain it better than Nicolas Cole. Heâs a dear friend and the one who first taught me the importance of creating a personal brand. If you havenât read his work, I highly suggest you check it out.
Also, please do me a favor and leave a comment on one of his articles saying, âI heard Reza Jafery beat you in a typing testâ.
It would really make my day.
WORK YOUR ASSÂ OFF
I never said itâs easy.
To have what most donât, you have to do what most wonât.
You have to put in the time. Research is key, but even more than research, is sticking to your plan. Keep your goals in mind, whether thatâs working with cryptocurrencies, investing, or even starting a non-profit dedicated to researching ways blockchain can positively impact the 3rd world.
You just need to do it. Itâs incredibly simple. If youâre willing to work smartâââand focus on spending your time on activities or studies that either A) enrich your knowledge relevant to your goal, or B) make progress towards your goalâââyou can make it happen.
Just remember that closed mouths donât get fed.
You wouldnât believe the amount of opportunities that have come my way from simple Twitter DMâs or cold emails.
Put yourself out there, figure out what you want to specialize in or be apart of, and chase it with reckless abandon.
IF YOU WANT TO BE A TRADER/INVESTOR
LEARN FROM YOURÂ MISTAKES
I set off on my cryptocurrency journey halfway through 2017.
I donât talk about when I started very often because weâre in a age of weighing peoples worth in the amount of days theyâve spent peering over charts.
Which is a little ridiculous.
Donât get me wrong, there are plenty of O.Gâs whom I tip my hat toâââI wouldnât have learned as much as I have this quickly, if it werenât for the thought leaders in this community.
There is also a lot of negativity whenever someone who is obviously new, asks something that only someone whoâs obviously new would ask.
We should be lighting the path for the curious, for the new investors, not shaming them.
Which is why I bring up my initial dalliance into cryptocurrency.
Iâm proud of the short length of time Iâve been involved in crypto. In less than a year, Iâve managed to see higher returns than any traditional investor could dream of.
Iâve learned about new technology, taught myself technical analysis (with the help of a mentor), and even managed to get involved on a deeper level by working with the companies I mentioned earlier.
The best part of it all is that I feel like I havenât even scratched the surface. One month ago I decided I wanted to work with blockchain projects and get paid in crypto. Today, thatâs a reality.
Because I donât care how long anyone has been doing this.
This industry is young enough, that a few years of experience doesnât give anyone much of a head start.
A few years of advantage can be outweighed by working harder, smarter, and bringing in more value to the community than others are willing to.
I started investing less than a year ago and I will outwork you.
âYou think that your time spent trading crypto is your ally?You merely adopted crypto.I was born in the bear market, molded by it.I didnât see green candles until I was already a man.âIâve been waiting for an opportunity to pull this quote out.
I was baptized in the Great Bear Market of 2017 (I donât think anyone has ever referred to it as that, but Iâm going to roll with it).
The first time I bought a coin, I bought Ether (ETH), the coin that fuels the Ethereum Network, at its all time high on June 6th or 7th. It was right above $300 at the time. I had been studying Ethereum for weeks, reading all about it, Bitcoin, and other blockchain projects.
I was convinced Ethereum was going to change the worldâââbut I also knew from a brief stint day trading that one should never buy into the tail-end of a uptrend.
âDonât chase green candlesâ, IÂ thought.
Which is investor speak for âdonât buy an uptrend thatâs already started as you never know when it will stopâ. Itâs a part of the mantra conveyed by the famous investing quote, âbuy when thereâs blood on the streetsâ.
I waited patiently for the price of Ethereum to drop. Weeks passed and the price continued to rise. Soon it was over double where I had initially considered it for investment.
I panicked.
I bought the top.
It lost over 50% of its value the next day.
I was rekt.
Too stubborn to realize the loss and cash out, I decided to spend the next several months studying everything I could get my hands on regarding Blockchain, Technical Analysis (TA), and Investment Strategy.
RESEARCH
I started scalping Ethereum. Selling the highs and buying the lows, using what I was learning from studying TA.
I obsessed over chart patterns, lagging indicators, leading indicators, Fibonacci, Elliot waveâââI fell so deep into the matrix, I forgot I was even plugged in.
Soon, despite Ethereum still being 50% of the value I had bought into, I was back at my breakeven investment. I had doubled the amount of Ethereum I initially owned.
I started investing in ICOâs. EOS, BAT, Bancor, TezosâââI was doing a shamefully small amount of research, but it being the height of the ICO craze, I ended up doing pretty well. Making a decent percentage gain on the ICOâs I had put my Ethereum into, I started getting into Altcoins- which is when my portfolio really started to explode.
While I may have only been around for under a yearâââI like to think I was forced into the accelerated programâââwhere I had to either learn fast, or lose everything. It wasnât my initial strategy but circumstances forced me into it, and now I am glad.
Most of what Iâve learned, the knowledge that allowed me to recoup those losses, has come as a result of the losses occurring in the first place.
âAdversity is like a strong wind. It tears away from us all but the things that cannot be torn, so that we see ourselves as we really are.ââââArthur Golden
Youâre not too late to get into cryptocurrency; this market is just getting started.
Furthermore, you have a better chance of outworking and surpassing your peers in this market because itâs 24/7.
If youâre willing to put in the time and work harder than everyone else, you will come out on top.
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If you want to learn more about trading, you can find more of my cryptocurrency articles below
- A Complete Beginners Guide to Investing in Cryptocurrency
- 2 Things to Do While the Cryptocurrency Market Falls
- THE 10 CRYPTO COMMANDMENTS
Looking For Jobs After College? Choose Blockchain Over Cubicles was originally published in Hacker Noon on Medium, where people are continuing the conversation by highlighting and responding to this story.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.