How To Be Successful In Crypto In 2025 And Beyond

in voilk •  7 days ago

    If you have spent the last few years in the crypto space, then you have probably been tossed around, beaten up, and learned a few tough lessons along the way. First of all, let me congratulate you for sticking through it all.

    On the other hand, if you are just getting started in the crypto world, then welcome, and buckle up! If the typical four year cycle repeats itself, we could be in for a very exciting 2025!

    In this post, we will go over what it takes to be successful in crypto in the coming year, and beyond.

    Emotion Trumps Logic

    Over time, you will learn that most traders are controlled by their emotions, and how you can use your calmness and rational thinking to stay ahead of the game.

    Your favorite project may have smarter developers, be much more innovative, and have survived through multiple bear markets. However, that doesn't mean its price will spike more than the latest meme coin.

    People get carried away by their emotions in a bull market, and try to catch rising stars all the time, only to fall flat on their face. Over time, you will learn how to sense when a token has been overpriced due to hype, and take some profits off the table.

    That said, keep in mind that crypto is the only asset that can 10x, 100x, or 1000x in fiat terms, so finding the correct time to sell can be a challenge. If the previous cycles have taught us anything, a bull-run usually lasts about one year, with wild ups and downs.

    Research, Research, Research

    If you're in crypto for the long-term (which you should be, because it's the future of money), you will make much better decisions when you're knowledgeable and have some experience under your belt. This requires consistent learning and reading.

    Follow projects you're interested in on X (or better yet, add them to a list), join their Discords, and read through their blog posts. You should be checking up on these projects every day if possible, or at least a few times a week.

    Is something unclear? Use AI tools like Grok (which is free now), Venice, or Presearch to calm your doubts about a project before resorting to asking questions on X or Discord.

    Keep an Open-Mind

    Sadly, I dismissed Bitcoin at first. I thought it was some "magical Internet money" for gamblers, and didn't take it seriously. After finally diving into how it works, I then dismissed Ethereum when I first heard about it, and ended up regretting that as well.

    If you hear about a new application of blockchain technology - whether it be smart contracts, DAGs, NFTs, Cross-Chain DEXs, privacy technology, etc - instead of dismissing it (or worse yet, getting angry at it), take a few moments to understand it.

    Remember that time is of the essence. Rather than telling yourself "I'll do this tomorrow" or "I'll check that out next month", do it now. Also, if the project has a token, consider buying a small amount, because your attitude will change when you have a little skin in the game.

    Make Mistakes

    Remember that crypto is still experimental technology. We're not investing in something that's been around hundreds, or thousands of years here. Therefore, it comes with inherent risk, and we shouldn't be afraid to make mistakes.

    You have probably heard the phrase, "no risk, no reward," right? Accept that you're going to lose some time and money as you gain knowledge and experience in the crypto world.

    Perhaps you'll lose a private key, maybe an exchange will go bankrupt, or you might invest in a coin that goes to zero. That said, ultimately your risk-taking and failures will lead to not only profits, but wisdom too.

    Take a step back, and breath. "Whatever doesn't kill me makes me stronger", right? Learn to laugh at your failures. Assess what went wrong, dust yourself off, and get back in the game.

    Stay Committed

    Crypto may seem like a industry where you can get-rich-quick overnight, but the reality is that lasting wealth only comes from years of learning, effort, failure, and persistence.

    If you're doing this for a living, then yes, "taking profits" is sometimes necessary, and getting good at that comes from experience. But you should always have your eyes set on the end goal, which is to build a sustainable financial system for future generations.

    Until next time...

    Having read this far, you should recognize that markets are driven more by emotion than logic, and that you need to be constantly keeping yourself informed. In such a nascent industry, having an open-mind is crucial, along with the willingness to make some mistakes.

    Above all, you must stay committed, even when faced with temporary market corrections or extended bear markets. Trust me, it will pay off.

    If you learned something new from this article, be sure to check out my other posts on crypto and finance here on the Hive blockchain. You can also follow me on InLeo for more frequent updates.

    Further Reading

    - Why You Need To Be Cautiously Optimistic About Crypto In 2025
    - How To Spot The Difference Between Good and Bad Crypto Projects
    - Bag Biases, And How To Not To Let Your Emotions Get The Best Of You

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