3 QUESTIONS FOR CRYPTO SUCCESS
Why, How, and What? Lets expand more on these questions, reflect on our answers, and continue on the path to crypto victory.
1 Why?
Start with asking a serious of Why questions. Why do you want to get in to crypto in the first place? Is it solely to make money to get rich and if so, is crypto the best route for you to take? Are there better methods for you to achieve your goals other than crypto? Why does crypto even exist? Why has blockchain technology been invented? Why has crypto currency gained so much value? Answers to these fundamental questions may give you better insight.
2 How?
How will you approach crypto market? How will you learn more about crypto? How much are you willing to risk to be involved in crypto? Assume that your wrong about crypto all together. How much would you be willing to lose without resorting to anger or vengeance should your decisions be incorrect? How long do you plan on participating in the crypto market, long term, short term, midterm?
3 What?
What coins match your values? What coins align with your What and How questions? What coins do you believe to be valuable? Do the coins that you attract you truly match up with the reason you want to invest in crypto in the first place?
What do you think about the questions proposed? Are there other questions you find valuable when identifying ways to be successful in the crypto markets? Please share your thoughts in the comment section.
I also like to ask who - everyone has an agenda, and I like to know that upfront whenever possible. Thanks!
Great point!
Actually these are nice questions to give answers to as it will help better your understanding about crypto but the truth is, I can't really answer some of those questions asked. Questions like "why does crypto even exist?"......"how much am I willing to risk?"...these two questions are a hard nut for me to crack honestly .
Thanks for your response @sistem IMO the fact that these questions are hard for you to answer MAYBE an indication that you need to learn more about crypto history and more about how you personally asses risk. Feel free to share your answers should you find them and keep kaBOOMIN out there!
@champagnecrypto, I love your enthusiasm in the videos hahaha!
Thanks!
kaBOOM its a positive movement!
Great content as always. Good questions for everyone to ask themselves not just noobs. I re-evaluate my strategy in the game every so often.
I think the crypto's are not only a vehicle to create wealth but they are also a vehicle to protect your wealth against hyper-inflation. I'm all in with any disposable income. I'm not betting my house but I am betting every dinner out and every vacation for 2018. ;)
Those are the questions I need to answer very well, kaboom to everything 🔥⚡️
I like your thought process. Why, How and What are great questions. I am not too knowledgable in the crypto world and how it all works, what the whitepapers for cryptos are saying...the big words and wording is beyond my understanding and comprehension. I rely on others to give a general explanation. I can ask myself the basic questions and still answering some of them. Great post!
Why: to make money to pay for college funds. Donate like 10% of the profit amount to apraxia and autism research. Risk is not an issue my investment came from online poker winnings.(from winning at a small rate)
How: investment in 15 of the top 30 coins, holding these for one year creating a index fund of sorts. This is based on someone running the numbers last year and the fact it went from $6,000 to $770k in one year. It's part of my strategy to build a better life for my family.
What: I'm just avoiding cryptos that were outside the top 30, so I guess not investing in crap coins.(Unless forks produce $0 investment in said coins)
This is the most thoughtful video I've ever seen you post, dude. Right on!
Thanks for the encouraging words @phoenixwren
if every investor do their own DYOR and think about why what and how . trust me there won't be any fud. and no panic selling at all :)