The Mindset That Has Helped Me Make Crypto Millions
Learn My No Limits Approach to Success!
“I will either find a way, or I will create one.”―Hannibal Barca
These legendary words by the daring Carthaginian commander who sought to challenge the mighty Roman Empire during the Second Punic War in 218 BC have always offered a blueprint for how I want to approach life. Last year, I wrote a best-selling book called No Limits which explored the way to develop a “high agency” mindset that has been a huge key to my success. The noted mathematician Eric Weinstein once described the concept as such:
“How do you respond when told something is impossible? Is that the end of the conversation or the start of one? What’s the reaction to being told you can’t — that no one can? One type accepts it, wallows in it even. The other questions it, fights it, rejects it. This choice defines us. Puts us at a crossroads with ourselves and what we think about the kind of person we are.”
Developing this type of mindset was the turning point for me which helped to change the way I approached my goals. Learning to take on big challenges without fear or trepidation is how I was able to finally make some of the dreams I had into realities. This is exactly the type of mindset that has helped me to make millions by trading cryptocurrencies.
The First Step Can Be The Hardest One
One of the biggest barriers to cryptocurrencies at the moment is the somewhat complicated process to get started. There are several sometimes confusing steps in the process of opening an account with an exchange, funding the account, making trades, sending tokens, etc. I know more than one person who has gotten frustrated and simply given up rather than taking the time to figure things out.
While there’s a lot to cut through right off the bat and somewhat of a need for a learning curve, the spectacular potential of this asset class can be worth the effort. If you are the type that encounters a barrier and decides to turn back instead of finding a way around the obstacle, crypto is probably not for you.
Keep in mind, we are still in the early stages of the Blockchain Revolution. This not only means we still have an opportunity to enjoy the rewards that come with being an early adopter of the technology, but there are still some headaches with respect to the current user experience. As the saying goes, “The first step towards getting somewhere is to decide that you are not going to stay where you are.” If you take that step and choose to go down the crypto rabbit hole, I guarantee your life will never be the same.
How To Develop Diamond Hands
One of the key traits needed to successfully navigate Crypto Investing is the ability to withstand sometimes mind-bending swings in prices. Cryptos can be highly volatile and are prone to unpredictable movement from unusual events. Random things like an innocuous tweet from Elon Musk can send prices racing in either direction, while real world events like crackdowns by countries like China can instill widespread panic in the market. Fear is a powerful driver and learning to control it can allow for powerful applications in not just crypto, but life itself.
I myself routinely have days where my account can fluctuate hundreds of thousands of dollars up or down. When you first experience the volatility firsthand, it can make you a bit nauseous. However, the more you weather the dips and see the long-term gains, the more your confidence grows. In crypto, being able to hold on to an investment through extreme volatility is called “having diamond hands”. The “paper hands” are the ones who get shaken out by fear or doubt and will sell for losses when the going gets tough. Developing “diamond hands” is an absolute must if you want to enjoy success in the long haul. As you continue to expose yourself to discomfort, the more comfortable you become.
It has been said numerous times before, but never risk more than you can afford to lose. Personally, I have a significant stake in crypto, but I also have a host of other assets in real estate, precious metals, and other investment vehicles. Diversity in your portfolio helps you sleep a lot better at night.
Living Without Regrets
Many times I have heard people complain about missing opportunities they should have taken like investing early in Apple or conversely bemoaning choices they made which turned out poorly. Regret is a real thing, but the truth is that we can learn important lessons from failure to ensure that we don’t make the same mistakes twice.
One of the ways to ensure that you minimize the chance for regret is to do your own research on projects you are looking to invest in. Personally, I am a big fan of Crypto Twitter and I have been fortunate enough to get leads on amazing investment opportunities that I otherwise may have never heard of at an early enough point to score big. However, no matter how much I trust a source, I never choose to blindly follow anyone’s picks. Instead, I always do my own research to ensure I feel comfortable with the product, the team, the potential use cases, and other factors that indicate to me they have a strong chance to be winners. Am I always right? Of course not. I have made a fair share of mistakes in my picks, but thankfully I have been successful more often than not and my current portfolio reflects that.
If there is one thing you can bet on in life, it is that you are going to fail, and likely repeatedly, along the way. Keep things in perspective and remember that everyone fails at some point. How you choose to respond to life’s disappointments will ultimately determine how successful you become. It is often said that failure does not stop someone; it is how they handle that failure that stops them. Learning to dust yourself off and get back up each time life knocks you down helps you build resilience, which is an important pillar in attaining lasting and continued prosperity.
Action is the Foundational Key to All Success
Investing in cryptocurrencies is not for everyone, but the results can be life changing. After all, how many chances do you get to invest in projects at such an early stage that can offer returns of 100x+? These are the kinds of returns I have enjoyed by early investments high value projects. The key is to take action, because the longer you sit on the sidelines, the more opportunity will pass you by. Orient your mindset in the direction of success and you may just surprise yourself with what is truly possible.