It is extremely difficult to establish oneself in today’s cryptocurrency ecosystem: everyone laments the volatility of the market while many have no idea how digital assets work. Some take their winnings, while others leave the market empty-handed, or even in debt. Anyone aiming to succeed in the crypto sphere must therefore take digital asset trading seriously, calculate each step and consider the potential negative consequences before investing.
We spoke with Faison Mckinnis also known as Big Werm, a multi-talented entrepreneur that provides expert guidance to newcomers to the crypto market. Mckinnis provided us with crucial advice for anyone looking to create success in the new digital economy.
Strong Community: Your Competitive Advantage
“The exponential age of growth is upon us. We have so many opportunities to learn, invest, and trade the markets today. Education and community are keys to continued success because what worked 10, 20, and 30 years ago, will not work going forward”, Faison tells us.
Fall Down Seven Times, Stand Up Eight
Resilience in the face of adversity is a natural trait that we all possess. It becomes available to us at all times if we take the time to appreciate it. Anyone seeking success should practice the art of creating space for themselves—space to think, space to act, space between themselves and their reactions.
“The moment you say, no, that is not right, you won’t learn or take in any new knowledge. Make no mistake – we will not recognize this world in the next decade or two. Hop on, learn, grow and enjoy the ride!”, says Big Werm.
Take Action Now
A Chinese proverb states, “The best time to plant a tree was 20 years ago. The second-best time is now.”
When we overthink our ideas, we experience analysis paralysis. We begin overthinking to the point where we are unable to move forward. We obsess over how bad the conditions are, and we come up with a slew of reasons to stay motionless.
Never give up once you’ve begun. Keep your momentum going by doing something productive related to your idea on a daily basis.
Do Not Gamble: Invest and Trade
Purchasing digital assets or currencies without first assessing the risks is akin to gambling. What distinguishes an expert trader from a gambler is the mastery of winning trading strategies.
Investing in a diverse class of digital assets shall help you navigate through any market condition and protect you from short-term market declines. Assets that increase in value can compensate for those that are stagnant, therefore reducing risks.