Mindset Of A Newbie In Crypto.

While some people outside the crypto system feel crypto is not a reliable place to invest, many think it is a system to make fast money. This is what I have been seeing in the last few weeks with the influx of many students in my academy. They all come up to make fast money after the course. I have a student recently and he had the mindset of learning crypto trading and start buying Lambos. I had to reshape his mindset and show him the reality of the crypto-system. While crypto can make you super rich overnight, you need to have a long time mindset and it doesn’t matter if the assets appreciate or depreciate. Good assets will always find their step back up.

The crypto market now is not a market to dive in without diligence. Many people are finding the entire crypto system cumbersome because of the many things to learn. Recently I told my student how I lost a huge amount of money in the crypto project because the value went down, and he said, if he lost such, he will be down for many months. Then I told him the truth. I think there is no way to avoid crypto impermanent losses because it is driven by volatility. Even the best of assets, like Bitcoin, also dip. So, selling off during the bearish market will create a permanent loss.

I am happy that I have been a major source of information for many people. A lot of fraudsters are building scam systems in the name of blockchain and crypto and they put people in the dark just to keep extorting them. I have been among the people who take them out. I hope to expand the system and make it far bigger to be known around the globe.

I am @tykee from Meshboc Ltd.

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