Everyone who is investing in altcoins is actually investing in busines. What previous expirience can help you? Are we all starting from the same point or do someone have an advantage on the level of mindset? I've been thinking much about it lately. Looking at the people I know, I can say that we all are on very different position.
I came to an idea that thre are 2 major archetypes of people in crypto world: bussinesman and average people. I've made a small article on this topic:
https://steemit.com/cryptocurrency/@cryptohumster/mindset-archetypes-in-crypto-worldTo tell my thoughts short:
There are two main categories of people here: those who work for themselves and hired workers. I dont want to say that any category is better than the other, but it looks like one gives you mindset more suitable for crypto world.
People with business background
They invest their money and time to their business and count only on themselves. They understand several important things:
- nothing valuable is given for free
- invested money doesnt return immediately
- you always need to have a plan/strategy
This expirience and skills help a lot in crypto world. This knowledge always comes at a price and these people already learnt it before coming here.
Average people
Hired workers, students and etc. Such people don't usually have much expirience in investmaent. They learn about crypto from news or from friends and see crypto currency as lottery ticket to a bright feature. They don't usually understand the following:
- cryptocurrency is business in the first place
- you just can't really become reach by chance without working on it
Such people do silly mistakes (I did them too, a lot actually), the FOMO into coins, make decisions based on some youtube videos, follow the hype buying at ATH and sell in the middle of correction because they haven't become rich in first 3 weeks and etc.
What do you think? What was your expirience/skill that helped you in the world of crypto?
I couldn't agree with you more. Your state of mind is important because of the instability of the cryptocurrency market, which causes their prices to fluctuate wildly. When prices collapse, if your mood is bad, you panic and sell your coin right away. You will lose a lot of money.