I ALMOST Made $20M With Crypto But…
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Summary
- In 2017, someone advised me to invest in Ethereum when it was priced at $100. I nearly invested a million dollars.
- I hesitated at the last minute because I didn't understand it and held back.
- Later in 2020, I watched Ethereum soar to around $2,000, realizing I could have turned my investment into 20 million dollars.
- The lesson here is to seize opportunities even if they seem unclear or risky initially. Sometimes hesitation can cost you big returns.
Video
How To Take Action
I would suggest implementing a strategy around recognizing and seizing opportunities, even when they seem unclear or a bit risky. Many people let good opportunities pass by because they hesitate. Here’s how you can start small:
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Stay Informed: Make time every day to learn about new trends in your industry. Read articles, listen to podcasts, or join relevant online communities. This will help you spot opportunities early.
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Set a Learning Budget: Allocate a small amount of money and time each month for experimental learning. You don’t need to invest big sums. For example, spend $50 trying a new tool or technology related to your field.
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Embrace Small Risks: Start with low-stakes experiments. If you’re an entrepreneur, test a new marketing strategy with a small budget. If you’re into personal growth, try new productivity methods for a week.
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Reflect on Missed Opportunities: Think about the times you hesitated and missed out. What stopped you? Write these down to identify patterns. This can help you rethink your hesitation in the future.
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Create a Decision Framework: Develop a simple checklist for making decisions quickly. This might include factors like potential upside, cost, time investment, and alignment with your goals. Stick to this framework to avoid overthinking.
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Surround Yourself with Risk-Takers: Spend time with people who are more comfortable with taking risks. Their mindset can influence yours, making you more open to opportunities.
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Analyze Small Wins: Look at minor risks you took that paid off. Reflecting on these can build your confidence in taking bigger steps in the future.
By implementing these strategies, you can better prepare yourself to grab opportunities that come your way, turning potential hesitations into actionable successes.
