How Crypto Is Changing Lives: Opportunity, Risk, And Reality
The “crypto golden ticket” refers to the idea of finding a single win or opportunity within the crypto space that delivers life-changing returns. This is often rare and sometimes even accidental or unintentional. The unexpected success of Dogecoin comes to mind. However, some of us had been predicting it for years. Being actively engaged on crypto-based social media platforms offers many benefits, including greater exposure to additional opportunities and platforms.
One thing I have noticed in my engagement in this space is how many people have literally turned crypto into a full-time career. Most are engaged in multiple areas of crypto, as I am. An accumulation of income from multiple sources creates a sustainable income. Relying on a single opportunity is difficult, but not impossible. Some are grinding in the crypto space as a side hustle, seeking meaningful results in the years to come. At which point, they would most likely also embark on a career in crypto.
The rise of Play2Earn and other incentivized opportunities is providing further encouragement for dissatisfied employees to match their income in the crypto arena. In some instances, the currently employed can earn more from part-time crypto activity than from their day jobs. This depends on the location, as there are many places around the world where the majority of the population earns less than $1,000 per month. For them, crypto can be a way out, an entirely new and liberating direction in life.
I Went Full-Time Into Crypto In 2019 – Here’s What Happened
This was the year we sold our small business to take on a full-time journey in crypto. I don’t refer to it as a career or a job, as I am free to plan my day as I choose. I also enjoy what I am doing, which makes all the difference. As someone “retired” from the rat race, I still put in more hours per week than your average employee. Unless I stop myself, I can keep going until exhaustion wins the battle. Being able to work remotely is also an amazing benefit of crypto.
I see that several other full-time cryptoneurs across various communities are experiencing a similar sense of fulfillment to mine. They also realize that while they are working for their living today, they are also working towards their future. This is an imperative aspect of Web3’s potential and the broader crypto market.
What Exactly Is The Golden Ticket?
Well, I am still in search of my golden ticket, even though I have managed to attain a lifestyle I never thought possible. The golden ticket is an opportunity or multiple opportunities that literally remove you from your required income zone. In other words, you are now generating 5X, or even 10X, of what you require every month. The golden ticket is a game-changer that can propel you forward and come in the form of a broad range of opportunities or investments.
A decent investment in a micro-cap that goes wild, for instance. Or perhaps, building an incredible Hive account before the price of HIVE blasts off to $5, or even $10! There are multiple ways this can play out, which is why being as busy as possible gives you a better chance of finding it.
How To Improve Your Odds In Crypto Markets
I am sure you have heard the saying, “the harder you work, the luckier you get”. I don’t personally believe in luck, but there is a form of logic undergirding this saying. It’s similar to having “multiple irons in the fire”, which basically means increasing your odds. The more you do and are involved in, the better your chances are of success. You may think that certain people in the community keep getting lucky, but it is simply because they are everywhere. Not only are they everywhere, but they are also active, building wherever they are!
Can we ever be encouraged too much? I think not; we will look back on these days in years to come. At which point, we will realize what an amazing opportunity we had been given. You will, at that point, either be immensely satisfied because you took full advantage of the opportunity or disappointed because you missed out on a life-changing opportunity. It’s really that simple! This disappointment is already evident in the lives of those who threw in the towel in 2018.
Why Most Investors Chase Narratives Instead Of Fundamentals
This is a very important distinction that most altcoin investors don’t even realize needs to be made. Essentially, a trending narrative has already given up its most valuable gains to early adopters and savvy altcoin and micro-cap investors. The real gains have already occurred, leaving only marginal returns for latecomers. This dynamic is most prevalent amongst memecoin investors.
Smart investors study fundamentals, looking for signs that will later lead to future narratives. In other words, they position themselves before a new narrative arrives. They see it forming like a heavy ocean swell about to create the perfect wave. This takes time and research, which is exactly why most investors avoid studying fundamentals, opting for hype based on an existing narrative.
Unfortunately, thorough research is imperative for uncovering a golden ticket. It’s not a matter of luck. My successful altcoin picks all had something special that signaled future greatness or a price explosion. However, research was essential to uncovering and understanding these dynamics. It’s the same with any true success story.
Final Thoughts
We are currently standing at the edge of a precipice, hoping that bullish violence overcomes the strength of the long-suffering bear. We, however, do not know which way we are headed from here. Apart from preparing yourself for either scenario, there is one other action you can take. BUIDL! Yes, building is beneficial in any market condition! Let’s continue, look back without regrets, and perhaps even find our golden ticket!
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