If you are looking to explore benefit from the current crypto and Blockchain space during its downturn (Bear market) in anticipation for the upcoming bull market, we have Brocken down some of the more important things to consider going forward.
Cryptocurrencies and blockchain industry is showing no signs of slowing down. As more and more innovations in the space are rolled out daily, the demand for blockchain professionals, crypto engineers, researchers, analysts and investors is on the rise. If you’re interested in getting ahead in the industry, here’s are some tips to get you started.
Educate Yourself: Cryptocurrencies are high-risk investments. Even for traders who are accustomed to investing in the stock market, crypto currency prices are unstable to say the least.
It is unlikely that one would have seen the highs and lows that cryptocurrency offers. There are many online resources and platforms that provide educational material for newbies and Professionals such as Coin marketcap, Coinbase, Coindesk Coin telegraph CoinsBTM, Investopedia, Crypto today Binance academy and so many more.
Binance recently went further and rolled out a “get payed to learn” crypto campaign that was well received in the cryptocurrency community
As the famous Malcomx said “Education is the passport to the future, for tomorrow belongs to those who prepare for it today.” – Malcolm X
Gain Experience:
“for everything you have missed you gain something else” (Ralph Waldo Emerson).
We cannot overstate the importance of experience and the benefits it brings within the cryptocurrency and blockchain space. To gain experience, you can contribute to open-source Blockchain projects like Ethereum, Hyperledger Fabric, and Corda or work on your own Blockchain project, such as building a DApps (Decentralized application) or creating a new consensus algorithm. If that doesn’t work for you, you can start building an investment portfolio from any of the CEX (Centralized Exchanges) such as Binance or DEX (Decentralized Exchanges) such as Uniswap. This should surely build your confidence in the industry.
Network: As with any industry, networking is an essential part of building a career in the industry. Attend blockchain conferences, meetups, and other events to meet people in the industry. Join online communities such as Reddit and Telegram, Twitter, Discord to connect with other blockchain professionals.
Some of these communities are filled with creators, Crypto and Blockchain engineers and enthusiasts. Crypto communities also make it easier for new members to learn about a project and how it works by speaking with other members of the group some of the communities to get you started are r/cryptomarket, r/altcoin, r/Defi, r/Cryptocurrencies on reddit, the Binance community etc.
Finally;
Keeping Up with the Latest Developments:
In the crypto and blockchain space is a sure way to get wind of new projects, get in early on good projects to invest in get to know the new coin launches and as a creator to be able to adjust your abilities to suit the ever-changing dynamics of the industry and ahead of the curve. Following industry leaders on social media, read industry publications, and subscribe to blockchain newsletters. Coin telegraph, Meme coin news, Coindesk, CoinsBTM.com and so many more news and informative sites will provide up to date information and innovations in the industry.
The blockchain and crypto industries offer a wealth of other ways to push yourself. There is constant change in the space. You can stay up-to-date on developments by keeping up with the industry and learning new things all the time.
In conclusion for those who are interested in a career in a rapidly growing field, the crypto and blockchain industry offers plenty of opportunities. Education, experience, networking, and keeping up with the latest developments will help you succeed in this exciting field.
