There is only one way leading to sustainable prosperity: wisdom. I believe that multiplication your knowledge by 100 this season will help you x100 or even x1000 your assets next season. In this article, I will present methods to help you go far and quickly with cryptocurrency.

1. Self study

The cryptocurrency market develops at a rapid pace, hence the knowledge of it is too much and constantly updated, which is easy for newcomers to get lost. Here are the ways I learned during self-study:

Take a look at the overview and then focus on the niche

If you are a newbie for the first time, try to read all the basic knowledge to get an overview of the market, from terms, concepts, participants to the other pieces of the market, ... You also need to open up your mind and learn about the blockchain, not just cryptocurrency.

Once you've got a rough idea of the market, pick a niche you're interested in digging into. Continue to break down your chosen part into smaller pieces to study. To make it easier to imagine, think of a tree diagram. I often use miro.com to do this. Doing so helps you to have systematic thinking.

Blockchain Technology Stack - Image: @101blockchain

Along with that, do not forget to learn about the history of the crypto industry and the history of world finance. Looking back at the past shows us the future. History always repeats so there is such a thing called a cycle.

Dig deep into the basics first

Each person will have a research path according to their abilities and interests. However, in general, mastering the basics first will help you go faster with the complex. Before starting with hot trends like nft, layer2, web3 … you should probably know about btc, eth, bnb and defi first.

Always take notes

Taking notes helps you remember faster and also for review. In the past, I used to write in paper books and take notes on my phone. Later I switched to using evernote.com because I found it very convenient and fully supported my needs.

A basic route I suggest is as follows:

Take a look at all the definitions, terms, and slang.

History of the cryptocurrency market and world financial markets.

Macroeconomic knowledge

Blockchain Knowledge

Composition, structure and operation of the cryptocurrency market

Digging deep into Bitcoin, Ethereum, BNB, DeFi

Then continue to study the areas that you like.

2. Learn from the experienced and the community

In a downtrend like this, there are many quality articles from OG, Researcher, KOLs because only now do they have time to calm down, look back and write. During an uptrend, everything moves too fast, so they are busy making money but have no time to explain to you.

Twitter's "Lists " feature is recommended to add quality accounts for easy following. In addition, if there is a suitable course, you should take the time to participate in. For each of them, just filtering out a few valuable things is also good enough. At the beginning, I follow all courses that can be found, even the livestreams and YouTube channels.

Learn from the best

Gradually, you will be able to filter out which OGs, Researchers, KOLs or communities to follow. It doesn't make sense at all to list the names that you have not experienced.

3. Build a study plan and allocate time

It is undeniable that not everyone can be full-time for crypto since all have other jobs. Hence, making a study plan and allocating time are essential.

How the time is allocated depends on each person, but it is necessary because that means you are considering it as a job to be completed, not something to do at a convenient time. App structured.app can help with time management.

4. Spend a very small amount of capital to participate.

Saying "learning and practice go hand in hand" is not wrong. Even in a downtrend without waves like this, I still spend a very small part of my capital for trading.

There are two purposes for this: one is to practice and the other is to not be distracted from the market. The market at the moment is extremely boring and easy to forget, so "playing" back and forth is a way to keep abreast of the market.

Remember to use just a small portion of your capital to practice and experience. You can read more threads about your capital management experience below: https://www.binance.com/en/feed/post/279708

5. Write a diary

Yes, this is quite important, especially for newbies. When you first enter the market, sometimes you will not understand why you buy this or that. Journaling helps you learn very quickly and avoid the mistakes you made in the past. My trading diary often writes as follows: time/coin/buy zone/sell zone/stop-loss/reason for entry. Keeping a trading journal is also a way to practice self-discipline.

Write a diary

6. Share your knowledge

Do not hesitate to share the knowledge you have learned with the community. What you learn and understand in your head is one thing, but writing it down and sharing it with others is another story.

Responsibility for the shared post requires you to do it properly and have the skills to systematize the problem to convey the most complete content. Like the article you are reading here, these are all things I still do every day, but when I write a sharing article, I still have to research and verify it again to make a complete article. It was also a re-learning for myself. In addition, when you share, you will receive many feedbacks from the community to help you upgrade and improve further.

Learn or Lose

Hope this article will bring value to everyone. If you find it interesting, you can share it with the community.

#newbies #LearnCrypto #crypto2023 #knowledge #conquerorvision

Serial tech entrepreneur and investor Scott Walchek

Scott Walchek has raised over $130 million from every kind of capital source, including public markets, private investors, and the full gamut of VCs. He’s started and successfully exited four tech startups (including Baidu) and is now seeking to transform the global insurance industry with his fifth, Trōv.

He knows how to use straight debt, convertible debt, preferred equity, warrants, options, and PIPEs (Private Investment in Public Equity) to raise capital. An entrepreneur and angel, Scott’s been on both sides of the table, investing in and advising scores of companies for over 30 years.

Here are 14 things he’s learned that every fundraising entrepreneur should know.

1. Don’t be precious about your vision.

cred: Joshua Earle

“I was recently asked to comment on a young company’s plan. When I received their deck, the first slide displayed a sketch of the product they’d originally set out to build. Even though they’d pivoted to a promising new (and far less capital intensive) model this new direction was buried much later in their deck. Their insistence on promoting their original ‘big’ vision threatened to overshadow the attractive business they were actually running (See next point).”

2. “Every pitch is an elevator pitch…

cred: Bench Accounting

…even when comfortably seated in a conference room for an hour. Only after you’ve piqued the interest of your potential investors with your immediate plan will you have earned the right to paint the bigger future.”

3. Rehearse your on-ramps.

cred: Brooke Cagle

“Most investors will start their meetings prattling on about why their firm is different from all the others. Once their initial sales pitch is over, they’ll usually ask something like ‘we’re really interested in how [your company] started, what was the motivation?’ This is your starting gate, see it as an on-ramp for a well-rehearsed story of your company that ends with a (pithy) proposition. Dispatch it with economy.”

4. How to talk about your background

cred: Nik MacMillan

“Chances are your audience already knows your background. Don’t get stuck rationalizing outcomes or explaining strategies. If I’m asked up front, I generally offer a high-level answer about tech startups for 30 years… and the rest is on LinkedIn. What’s magical, however, is when you can reference how previous experiences have shaped your new venture’s strategy, model, hiring, etc.”

5. Investors are listening for a laser focus.

cred: rawpixel.com

“I open with the immediate focus: ‘Trōv has launched on-demand insurance for single-items. We enable people to protect whatever they want, whenever they want, for whatever duration they need.’ This sharp focus took me about two years (and literally hundreds of meetings and calls) to develop.”

6. The best meetings are usually deckless.

cred: rawpixel.com

“Most early stage investors will bet on the founder rather than on the business — the skill of pivoting is more important than the ability to predict a linear outcome. Experienced VCs know that few companies end up where they intended from the start. If you rely too heavily on your props, you’ll miss the opportunity to sell yourself.”

7. Wait to be asked about the details.

cred: Tim Gouw

“Too many details can be rabbit-holes that distract from the core of your story. Of course, you must know your stuff but wait for your audience to inquire about the minutia; what’s a thorny area for one may be transparently obvious or altogether uninteresting to another. (See next point).”

8. Answer the tough questions before they’re asked.

cred: Headway

“After a few pitches you’ll find that investors will ask common questions about your proposition. Often these questions create such noise in their heads that most everything else you say during the pitch will be missed. Practice the answers and build them into your main deck.”

9. If early, “hood ornaments” can help.

cred: John Schnobrich

“There’s nothing like customers to prove you’re creating a valuable business. But the earlier you are in your business’ maturity, the more important the credentials of your team. (In later stages, performance against KPIs is the core measure). If you don’t have customers, the next best thing is to have credible partners and domain influencers endorsing your plan (an MOU underway, an agreement to trial your product upon completion, an agreement to…).”

10. Never say no to a pitch opportunity.

cred: Ryan Riggins

“Practice on the low-value targets. One of the reasons why I’ve taken so many meetings is that with each meeting I learn more about what I don’t know. The process of identifying your most convincing narrative is sharpened by writing, pitching, revising, pitching again, and so on.”

11. Don’t (overly) sweat percentages of ownership.

cred: Alexander Redl

“Unless there is obvious egregious overreach by a potential investor, I usually reassure founders that most decisions (i.e., control) can be determined within the organization docs and voting agreements, and not correlated with the share ownership. Statistically, most CEO/Founders of VC-backed tech companies will end up with between 8 and 15 percent of their company’s shares by the time of a meaningful exit.”

12. Build-in a couple of tranches.

cred: Agê Barros

“In my experience, the swell of investor interest piques close to the closing date. With short time frames, some good (albeit late) investors may be forced to pass. So I generally write two closings into the terms: the second closing happens usually 75–90 days following the first. This gives me some optionality in timing and choosing the right sources.”

13. Make it easy for your hearers to sell your idea to their investment committee.

cred: Andrew Neel

“In many cases, you’ll be meeting with associates whose job it is to sift the extraordinary from the good. I almost always ask who’s on the Investment Committee right up front so I know whom I’m talking with. Remember, your pitch will be presented by someone in the firm who’s putting their reputation behind your proposition. Make it really easy for them. For example, I use the three states of matter (solid, liquid, gas) to help my audience associate and recall our product lines.”

14. Resilience persists when optimism runs out.

cred: Ben White

“It’s likely your inner resources will be depleted long before you reach term sheet nirvana. Don’t fret, this is normal. Gather the learnings from every encounter and knead those into your pitch. Resilience is the inseparable companion of optimism — the latter wanes under the strain of disappointment, the former finds reserves of confidence and resolves to try again. Churchill (and equally so, Lincoln) is quoted as saying, ‘Success is the ability to go from one failure to another with no loss of enthusiasm.’ Onward!”

Thanks for reading.

I would appreciate your applause 👏 if you enjoyed this story.

If you learned something from this story, consider sharing it as a takeaway in a comment below to help others.

#dyor #knowledge

Bitcoin is a decentralized digital currency that was invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: 21 million bitcoins exist and they are gradually created over time through a process called mining. Bitcoin can be used to purchase goods and services online or exchanged for other currencies, products, and services. It is often referred to as a cryptocurrency because it uses cryptography to secure transactions and to control the creation of new units.

How We Can Use Bitcoin??

There are several ways to use Bitcoin, including:

Purchasing goods and services: Many online retailers and businesses now accept Bitcoin as a form of payment for goods and services, similar to traditional payment methods such as credit cards or PayPal.

Sending and receiving money: Bitcoin can be used to send and receive money to anyone with a Bitcoin wallet address. Transactions are processed quickly and cheaply, making it an attractive option for international money transfers.

Trading and investing: Bitcoin can be traded on cryptocurrency exchanges, similar to traditional stock exchanges, allowing users to buy and sell Bitcoin for other cryptocurrencies or fiat currencies.

Mining: Users can earn Bitcoin by mining, or using their computer's processing power to verify transactions on the blockchain and earn new Bitcoin as a reward.

To use Bitcoin, you will first need to obtain a Bitcoin wallet, which is a digital wallet used to store, send, and receive Bitcoin. You can then purchase Bitcoin from a cryptocurrency exchange, receive Bitcoin from someone else, or earn Bitcoin through mining. Once you have Bitcoin in your wallet, you can use it to make purchases or send money to others with a Bitcoin wallet address.

Benefits Of Bitcoin?

There are several potential benefits to using Bitcoin:

Decentralization: Bitcoin is not controlled by any central authority or government, which means that it is not subject to manipulation or interference by any external entity.

Security: Bitcoin transactions are secured by complex cryptographic algorithms and stored on a public ledger, making it difficult to alter or counterfeit them.

Anonymity: Bitcoin transactions are anonymous, meaning that users can make transactions without revealing their identity.

Low transaction fees: Bitcoin transactions typically involve low transaction fees compared to traditional payment methods such as credit cards and wire transfers.

Global reach: Bitcoin can be sent and received anywhere in the world, which makes it a convenient and efficient way to conduct international transactions.

Transparency: The Bitcoin blockchain is a public ledger that records all transactions, providing complete transparency and accountability.

Potential for appreciation: Since the supply of Bitcoin is limited, its value has the potential to appreciate over time as demand increases.

Overall, Bitcoin offers a number of potential benefits for users, including greater security, privacy, efficiency, and flexibility in conducting financial transactions.

#originalcontent #BTC #crypto2023 #bitcoin #knowledge

If you are a computer repair salesman, and I tell you to make videos about how to repair computers, you might think of it as losing business. You’re probably thinking: “How does teaching my customers how to solve their problems for free get me more customers?” But the truth is this: you’ll get all the sales in the end.

Something that a lot of you aren’t understanding about the content business is that you’re in it for the long run. It’s a long term game. When you throw your jabs, you’re not just putting out content for the sake of it. You’re not doing it just to bait your customer into a right hook and make a quick buck. You’re building trust and leverage. And that takes a while.

It’s exactly what I did with WineLibraryTV. I could have been pushing inventory that we overstocked. I could have been trying to sell wines I knew we needed to sell. But I didn’t do that. Instead, I built up years and years of expertise to brand myself as “America’s wine guy”. I wanted to become a trusted resource.

So if you, as a computer repairman, put out thirty second videos on Facebook and ten second clips on Snapchat about common problems, little things people can fix themselves, it will be better for you in the long run. Of course there are probably common problems you see every day that take you a second to fix and you can make a quick $50. Instead, educate the masses. Gain authority and trust. Because authority and trust are what then become deal flow for even bigger business.

I did it with WineLibraryTV and it’s exactly what I am doing with my content now. I give away so much free content and advice — the same kind of advice that someone else might charge $89 for in the form of a masterclass or e-book. But doing the right thing in a net-net game is always the right choice. I don’t want to make you guys pay; I want to provide that value upfront.

I may lose the microbattle — I’m leaving a lot of money on the table by not monetizing my content. Do you know how many people are selling Snapchat advice right now? Meanwhile, I was the person who got them using the platform in the first place.

All I ask for a book purchase every few years, and many people won’t even buy that. In fact, I’m just going to say it: I am 100% losing the microbattle.

But I’m going to win the war.

I’m not trying to get the dollars right this second. I’m trying to build up leverage. And look where it’s gotten me: I’ve been on the cover of magazines. I’ve built a $100 million business. I’m the one with three New York Times best selling books.

Does it hurt that I don’t win the microgame? Of course. I could easily charge a premium to access my content. But it feels better to be on the right side of history. It feels good to see the comments and emails from my community of people who get value out of it.

Maybe some day I’ll figure out how to win the microbattle, but for right now, I’m more than content to take the war.

Thanks for reading! :) If you enjoyed it, hit that heart button below. Would mean a lot to me and it helps other people see the story.

#dyor #money #knowledge

If you are new to the world of Web-3, here are some common abbreviations to remember that can make your communication easier.

WAGMI - We Are Going To Make It

NGMI - Not Going To Make It

IRL - In Real Life

GM/GN - Good Morning/Night

PFP - Profile Picture

FUD - Fear, Uncertainty, Doubt

DYOR - Do Your Own Research

IYKYK - If You Know, You Know

LFG - Let's F*ing Go!

TBH - To be honest

TBA - To be announced

FOMO - Fear of missing out

YOLO - you only live once

ATM - At the minute or Moment

LMK - let me know

OMW - on my way

BRB - be right back

Lol - Laugh out loud or league of legend

NFA - Not Financial Advice

Wdym - what do you mean

AMA - ask me anything

HBU - how about you

IDK - I dont know"

J4J - join for join

S4S - stay for stay

#crypto2023 #Web3 #community #knowledge #LearnCrypto

▶️ There is one big mistake that most crypto investors make, which has caused them to lose everything in #crypto.

 

▶️ It's simply not trying to find the reasoning behind things that are happening in crypto.

 

📌 Let me elaborate on that a bit.

 

▶️ Every day, something happens in the crypto market. Either the market crashes or certain tokens pump, and we just don't try to look at the reasoning behind it.

 

▶️ Most crypto investors have a habit of just listening to a few crypto influencers and believing everything they say.

▶️ Those influencers who were bearish at $15k suddenly became bullish at $32k, and in both scenarios, if you had listened to them, you would have lost the money.

 

For example 👇

 

▶️ More people lost money by buying the #UST and LUNA dip than the depeg itself.

 

▶️ At the time of the #Luna crash, people were listening to their favourite influencers, who said that Luna would surely come back, and I'm putting more money into that.

 

▶️ They were not aware of the fact that the Luna Foundation was minting trillions of Luna to peg UST, which was causing Luna to gravitate towards 0, and in the end, those who bought the dip got rekt.

 

▶️ Only if people knew about the Luna-UST mechanism could they have saved their portfolio.

▶️ This is just one case, and in crypto, you can see 1000s of such scenarios where people don't like to look at the facts, and in the end they get rekt and blame the crypto industry.

 

▶️ Negative headlines always attract a larger audience than positive headlines, and after the Twitter payout model, most crypto influencers are using it to gain the most views.

 

▶️ They are using statements like #USDT will go to 0, #Binance    is selling #BTC    to buy #BNB   , and #Bitcoin    will surely go below $10k, but if you ask them the reasons, they just have the same statement to make, which they have been making since 2017.

 

▶️ Follow whoever you want to, but remember that you have to use your own brain before coming to a conclusion.

▶️ If you make money using influencers advice, they will say, 'I told you so, but when you lose, they will say it was non-financial advice.

 

If you have made this till now, then congrats you are in the 10% who are actually willing to win.

Because you are someone who's willing to learn and grow, and the crypto market has the potential to fulfil all your dreams.

 

Hit like 👍, share, and comment this post

you will need it every time.

 

Also, share this with your crypto friends so that everyone can win!🔥

#crypto2023 #knowledge #cryptocurrency #BTC #dyor