Getting Started in Crypto Can Seem To Be Overly Complex For Newbies.
Here are 6 Simple Tips I Learned From a Crypto Degen
(Who Made Millions in 12 Months)
Which Helped Me Get Started.
Entering the world of crypto finance can be very challenging for newbies:
- The high volatility
- The different narratives
- The domain-specific language
- The multitude of information sources: Where to begin?
- The huge diversity of coins (currently more than 10,000 coins).
I have to say: I was confused and overwhelmed by all this at the beginning.
But these 6 bits of advice have been very valuable, to find my way in the crypto jungle:
Advice #1: Learn
What is the fastest way to financial abundance?
Learning!
And the opportunities to learn in the financial and crypto sector are gigantic. The difficulty is to identify the relevant ones in the almost infinite sources of information.
Here is some help
Find out who is the expert in the field and learn from the best right from the start.
Because it’s not your money that makes you rich, it’s your financial education.
Advice #2: Getting Started
The tricky thing about learning is shifting from learning into actively doing. Many people feel they never know enough to get started.
However, it is in the practical application of learned knowledge that valuable experience is gained, which in turn leads to more knowledge.
As a guide: start small (don’t invest your life savings) → learn → gain more knowledge and confidence in your abilities.
Let me wait small for reactions, reaction means you guys are following. I can’t be burning my time liquidity when I can use it for something profitable.
Advice #3: Find Your Community
Everything is so much easier when you don’t have to do it alone. If you have somebody to discuss your ideas and questions with, a community of like-minded people.
For me anyway. Besides: the day has only 24h, It is almost impossible to keep up to date with all the info.
Your community serves as an exchange network on various topics that you can not keep track of alone.
Remember: sharing is caring. A community is not a one-way street. Only when you give something comes back to you. No one is paid to keep you up to date, if you don’t payback don’t feel entitled
Advice #4: Set A Goal
What do you want to achieve financially in the next 6 months, one year, or in the next 5 years?
If you set specific goals, you are much more likely to achieve them. The more specific and tangible your goal is, the more likely you are to take concrete steps to achieve it.
To-Do: Conduct a brief analysis of your living situation, costs, and regular expenses. On this basis, calculate your FinancialIndependence and your complete FinancialFreedom (or whatever your goal is).
There are many tools for this on the Internet
If you know these two precise amounts of money, your financial self-confidence and especially your self-efficacy will increase dramatically.
I hope this was helpful. Pls share and kindly engage. 