It’s official. Crypto mania has taken the world by storm, and it’s here to stay. Money is literally falling from the sky, and we’re seeing a level of wealth creation that is unprecedented in human history.
If you’re like most, FOMO is kicking in. You’re wondering how to get involved in the madness and earn your fair share.
This post will tell you how, while helping to avoid the countless hours of emotional turmoil and psychological pain I’ve recently experienced in trading crypto assets.
Going into this, know that there is a “force” within this space that is powerful and strong. And yes, it has a a dark side and a light side. I’ve flirted with the dark side and I’m here to help you stay in the light. I’d be doing the world a disservice by not sharing and allowing others to benefit from this experience.
Before diving in, the majority of this post assumes you have an elementary understanding of this space. If not, here’s a quick primer.
(If you’ve been following the space closely, feel free to skip ahead. Also, this post is on the longer side and meant to be comprehensive, so settle in and get your mind right)
Crypto Primer
Bitcoin, crypto assets, and blockchain have been hot topics of conversation within the tech community for years. Wall Street and governments used to dismiss crypto as a scam. A Ponzi scheme with no tangible value. Amongst the general public, Bitcoin and Ethereum were fleeting buzz words that sparked interest, but left many scratching their heads. So they continued to live their lives without a second thought.
In the past few months, it has blasted into a whole new stratosphere.
Within the tech community, crypto and blockchain tech has reached a level of pure legitimacy and limitless potential. ICO’s have forever changed how capital is raised, how communities/networks are built, and how wealth can be created and democratized. Wall Street and governments are in a complete frenzy, climbing over one another to better understand, get involved, and avoid complete disruption. On Main Street, well, you know something big is happening when during Christmas your mom, grandma, sister, brother in law, sister in law, roommate, and friends, all ask for help opening a crypto account. And I’m not talking about the basics like Coinbase or Gemini, we’re talking about the advanced stuff- platforms like Bittrex and Binance for buying and selling “alt coins”, and Coinigy for charting and analysis.
This is in contrast to last Christmas. Satoshi who? Miners to do what? What the hell are you saying?!
In retrospect, it all does sound a bit insane, and I don’t blame my family for being concerned for my wellbeing at the time.
Coin
