Don't Give Up On Crypto! These are 'Survival' Tips in Difficult Times, A la Top Traders

  Starting a journey of investing or trading in cryptocurrencies, trading Bitcoins or NFTs may seem daunting and confusing at first.

However, as with any other endeavor, the most difficult period lies at the beginning. For those of you who are down because of a minus portfolio, try to see the following tips on how to become a top trader of Altcoin Sherpa.

“Difficult times were indeed at the start of our foray into the world of crypto. This concept is often referred to as 'front-loaded', which involves a lot of hard work and challenges at the start, while progressing later becomes more fluid and efficient," said Sherpa.

Sherpa explained, to understand the initial challenge concept, let's consider an entrepreneur whose dream is to host on Airbnb.

Imagine the individual buys a house that needs repairs and begins the challenging renovation process. They face various hurdles, such as finding reliable contractors, dealing with complex permits, honing marketing skills and assembling a trustworthy team.

"The initial experience may be full of chaos and shock, where uncertainty and the constant need to acquire new knowledge are commonplace," he says.

However, as the entrepreneur progressed and achieved success with his first property, subsequent acquisitions became more manageable. With a growing network of contacts, a more mature understanding of the business, and a more structured process, they can expand their real estate portfolio.

He said, challenges that seemed insurmountable at first gradually disappeared as experience and expertise increased. Ultimately, entrepreneurs reach a stage where managing multiple properties becomes the norm, characterized by a smooth and efficient workflow.

“Similarly, the early stages of learning about cryptocurrencies, Bitcoin trading and NFTs are often characterized by a steep learning curve and a high level of goofiness,” said Sherpa.

In contrast to established industries with comprehensive textbooks and clear guidelines, the evolving nature of the crypto world means information quickly becomes obsolete. Therefore, newbies to the cryptp world should rely on the constant online resources, such as articles, videos and forums to keep up with the rapid changes.

“However, with persistence and increased competence, progress becomes even faster. Important achievements happen more often, and moments of enlightenment and understanding happen more quickly,” he explained.

Gradually, he continues, those who learn can move from basic tasks, such as making transactions on platforms like MetaMask. Then, move on to more complex endeavors, such as creating an NFT or exploring opportunities in trading NFTs.

"It's surprising how this transformation can happen in such a relatively short amount of time," said Sherpa.

However, Sherpas also admit that there is beauty in acquiring knowledge about crypto. The reason is not only the ability to operate competently in the field, but also the long-term value of the skills acquired.

“Self-improvement and continuous learning remain important. Those two things will lead someone to reach a point where they can easily adapt to new developments, and improve their skills without much effort,” concluded Sherpa.