My Why, How and What of Crypto

Why Crypto

When I started investing cypto back in late 2017, I just aped into some crypto coins based on hype a’t really know what I was getting into. Luckily they weren’t all bad.

Then, in early 2021, I discovered Crypto Banter and met my Crypto mentor Ant (aka Gotsauss) found discovered my true “why” on how to ride the crypto market the smarter way.

Before I star, Ihing now I ask myself ‘why‘ am doing it?’ before moving on to the how and what. Unfortunately, when it comes to crypto, I notice many people start with the ‘what’ and invest into hype coins with no fundamental long-term and get themselves wrecked in the process.

I now try and apply Simon Sinek’s The Golden Circle principle to everything I do in life because it helps define purpose very clearly.

I have struggled to define my clear ‘why’ around crypto, but around six months in the IM Academy helped me achieve this, hopefully inspiring anyone reading this article.

The WHY?

Why Crypto? To help change my like and the world!
  1. Helping to change my life means creating time for the things I love to do like spending time with family, snowboarding, traveling, and helping create life-changing wealth.
  2. Helping to change the world means investing in technology that helps improve the way with live, work, and play for the better. I am tired of centralized entities having total control of our lives, and would like to be part of a movement where I take back some control.

The HOW?

The big institutions are getting into crypto, and they don’t want us to know about it! So, shhh… don’t tell anyone. WE KNOW!

How Crypto? Invest, DEFI, Metaverse and NFTs
HODL =’Hold on for dear life’ in our wonderful world of crypto, aka don’t sell your bags ever!

Invest

Investing for me means a delicate balancing act of HODL’ing blue-chip assets for the long-term and trading crypto coins in the short-term for ongoing passive income. When you get into investing, you will also discover airdrops opportunities, where a project will reward you with crypto tokens for investing early or helping to test their project = free money! Click here for upcoming potential airdrops.

DEFI (Decentralised Finance)

Crypto offers you the opportunity to ‘unbank’ yourself from the traditional banks that pay you a whopping interest of 1% or 2% for leaving your hard-earned funds inside a bank account. But, like what happened to the dinosaurs, the banks are running for the hills with the introduction of DEFI = the future of banking!

DEFI offers the opportunity to stake your crypto assets starting from 15% to 20% interest for low-risk investments and up to 5,000% and upwards for higher-risk plays. Join our Discord to learn about proper risk management in crypto and how to b your balanced DEFI portfolio even when the market is down.

Metaverse

According to Wikipedia, a Metaverse is a virtual-reality space where users can interact with a computer-generated environment and other users. The Metaverse narrative has created another level of income-generating opportunities within the crypto space, especially since Facebook changed its name to Meta.

If you want to experience a decentralized right now for free, I recommend diving headfirst into Decentraland. Within this interactive Metaverse, attend upcoming events and collect as many Proof of Attendance Protocols (POAP) and wearables as possible. At a minimum, check into the Golf Craft game, keep your character in the game (by simply keeping your computer on) and earn tokens for future benefits. You can also jump into Wondermine and start mining meteors to earn some wearables, givingalso gives you a Mining Bonus (2-3% per item minted). The best thing about Decentraland is that it’s free to hit the ground running.

The Metaverse theme goes hand in hand with the play-to-earn gaming narrative, and being early to this space makes it even more exciting. Like our traditional ‘dinosaur’ banks, the current mainstream gaming industry and platforms like Steam are going to feel left behind when play-to-earn games start taking over the world. So it’s no wonder cutting-edge gaming studios, and PC infrastructure companies are beginning to hire NFT and blockchain specialists behind the curtains. Don’t worry you are early to the show and still have time to grab popcorn and drinks. You can buy NFT land blocks and in-game assets in upcoming play to earn games and invest in the future of gaming.

Decentraland is just one Metaverse, and there is certainly more where that is from. You can learn all about Metaverse and play to earn gaming simply by joining our Lazy Society Discord.

I also recommend following these Metaverse degens if you want to stay ahead of the curb:

  • Elliotrades – https://www.youtube.com/c/FUDTV
  • Alex Becker – https://www.youtube.com/c/AlexBeckersChannel
  • Crypto Banter (Gaming) – https://www.youtube.com/c/CryptoBanterGroup

NFTs

Non Fungible Tokens are starting to take off with mainstream adoption. More and more institutions are beginning to make NFTs an integral part of the marketing strategy, like this example from McDonalds promoting their McRib burger NFT giveaway. I can alreMcdonald’s McDonalds Happy Meal coming with an NFT.

Musicians are starting to leave centralized platforms like Apple Music and Spotify, and looking for new ways to earn more via decentralized platforms such as AirNFTs.

You can play the NFT market by flipping short-term or buying potential blue chips and holding for the long term. Check out our simple guide to buying NFTs here and recommend joining the IM Academy if you want to dive deeper.

The WHAT?

How I define my What in crypto is building a toolbox to help navigate this volatile space in a smarter manner and get results!

What Crypto? Build your crypto toolbox and achieve your results.

Training

Four years in crypto have shown me that professional training with live educators is highly recommended. Once you learn how to fish, you can apply the training and ride the crypto market smarter (not harder).

Strategy

Developing a crypto strategy for me involves mapping out a balanced portfolio (with 50% low, 30% medium, and 20% high-risk investments) and a simple entry/exit strategy in relation to each of my positions. Everyone is different, so make a plan that works with your lifestyle and set a realistic time frame.

Wallets

Creating crypto wallets outside of centralized exchanges is the key to growing your wealth in crypto, allowing you to dive deeper into DEFI, Metaverses, and NFT trading. There are so many wallets, with MetaMask being the most common one.

Research

I’ve noticed many people come into the crypto space thinking they’ll get rich overnight and trealike it’s a casino. These people buy coins based on someone else’s recommendation without knowing their fundamentals or price. Then, they buy the top, sell the bottom, leave with a loss and call crypto a scam.

Therefore, it’s critical to do your own research before investing in any crypto by doing the following at a minimum:

  1. Read their whitepaper and roadmap.
  2. Research the team and their previous achievements.
  3. Join their social channels (i.e. Twitter, Telegram, and Discord) and suss out the community vibes.

Security

Crypto is the wild west, and there are many scammers in the space trying to steal your hard-earned investments. But, thanks to the IM Academy, here are a few things I’ve learned to stay safe in the crypto space:

  • Never store your crypto on your mobile device – it’s easy to hack.
  • Get a secure encrypted email for signing up to exchanges (not Gmail or Hotmail).
  • Store your long-term crypto in a Hardware wallet.

Mentors

I had always underestimated the value of having mentors in the crypto space until I met Ant (aka Gotsauss) and Marc (aka MGDivingNZ), and we started the The Lazy Society Discord.

I’ve found that having a good mentor helps keep you plugged into crypto, provides guidance, and links you with like-minded people so you can continually bounce investment and trading ideas.

Our Lazy Society Discord makes it easy for crypto newbies to connect with experienced crypto educators and play the game smarter, not harder. This is especially great for newbies who like to dive straight into the deep end, knowing they have some lifeguards watching over them to lend a hand.

Exchanges

You need to sign up to one or more centralized crypto exchanges to buy crypto for the first time. This is because there are so many crypto exchanges, mainly Coinbase, Binance, and Kucoin. It’s hard to recommend which exchange to sign up for because it depends on your shopping list and strategy. CoinGecko can help you find where to buy a coin simply by selecting the Markets tab.

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