I read an article where they had studied and surveyed active traders. Their conclusion was shocking to me.
Only 10% of investors was actually making money. Out of those 10% probably just 1% was making millions. The guys I had seen on twitter flexing with these huge trading accounts was just a few exceptions out of thousands of people losing.
So the odds were against me, and I realised that instead of fighting against these crazy odds I should just find an area where to odds are in MY FAVOR.
That’s when I realised that crypto was more than just trading and HODLing. There was an entire new industry emerging out of this technology, and EVERYONE was hiring. Startups, consultancy companies, management firms, banks, financial institutions, law firms…
Everyone was looking for people who knew how this technology worked.
So what did I do? What did I do so that I one year later were meeting with companies, CEO’s and governments? How did I go from having nothing to having more opportunity, consulting gigs and speaking requests than I could ever fit in my schedule?
I started to study. I started studying cryptocurrencies, blockchain and smart contracts. Not studying what they could do, but HOW THEY WORKED.
Everyone can figure out how to use bitcoin, and how to use smart contracts. But very very few actually understand how they work and how you build products and services with them.
I realised that if I wanted to make a lot of money in this exciting, new industry, I needed to acquire skills very few people had.