Time and time again, I get asked how I can stomach the swings of the markets, especially in an industry as hectic as crypto.  “Bitcoin has been dropping for months, how are you so sure that it’s going to go up again?”  “Bitcoin is too volatile to be reliable. Why not just put your money […] The post The Crypto Investor Mindset appeared first on CryptosRus.

The Crypto Investor Mindset

Time and time again, I get asked how I can stomach the swings of the markets, especially in an industry as hectic as crypto. 

“Bitcoin has been dropping for months, how are you so sure that it’s going to go up again?” 

“Bitcoin is too volatile to be reliable. Why not just put your money somewhere safe so you can sleep at night?”

These are all valid, but tiresome remarks to hear as an investor, some that I am sure you may have come across in your own investment career. Investors absolutely do need to weigh their risk-to-reward, especially those involved in the crypto markets.

But what these remarks fail to consider is the mental remodeling that comes with being an investor. The “Investor Mindset”, as I call it, is not just a speculative hope for future returns. It’s a different lens through which one views the world, a mental framework that shapes each and every action that they make. The Investor Mindset spreads far beyond price charts and leaks into every corner of life. It frames investors’ actions, forms their view of the future, and gives them guidance to live by and deliver upon.

Every successful figure you can think of, whether it’s a CEO with deep ties to the financial industry, or an artistic creative who likes to paint, play, and smell the roses, lives by the Investor Mindset.

Investing has taught me a lot about financial markets indeed, but what the markets have truly engrained within me is the idea that every choice I make, every decision I act upon, is in and of itself an investment. The Investor Mindset encompasses the relationships you create, the job you take, the food you just ate – all of these are investments. It’s not just financial jargon, it’s a mental model through which successful people navigate the world. 

Investors create theses on how the future might play out, and they are quite literally putting their money where their mouth is. As the famed Nassim Nicholas Taleb once said,

“Don’t tell me what you think, tell me what you have in your portfolio.”

Your portfolio doesn’t just have to consist of crypto assets, stocks, and index funds, though. Your “portfolio” really just represents an extension of your own beliefs.

An artist’s portfolio doesn’t contain a basket of financial assets; it’s an array of their most cherished work – their time, their energy, their blood, sweat, and tears. Kevin Parker, the musician behind Tame Impala, writes albums that make him a paycheck, but he’s not putting out music to earn a quick buck – he’s telling a story about himself, and his audience sprouts through relatability. The music reflects his inner monologue, the struggles of his own life – it’s more so a narrative of his own human condition. He didn’t have to find what sounds best in the musical landscape to succeed; he created a musical landscape of his own.

To the public eye, the world’s richest man, Elon Musk, garnered his success through his innovations in the energy sector, or through piggybacking off the middle class, depending on who you’re talking to. But what has truly driven his success is by creating products that reflect his own self, by bringing his intangible personal beliefs into tangible reality. He sees the world through a very narrow eyeglass and is laser-set on reaching the goals that matter to him – outlandish-sounding feats like developing a colony on Mars, for example. 

Tech CEOs like Elon Musk, music artists like Kevin Parker, brand visionaries like Steve Jobs – all of these people share one common trait: the Investor Mindset. They reach into themselves and bring their intangible beliefs into tangible reality through whatever medium works best for them. They see a future they envision, and they bring it into existence, rather than waiting on it to happen.

Now, to develop the Investor Mindset within yourself, what does it take? Not everyone comes into this world destined to be the next Steve Jobs, but everyone is capable of achieving the same level of success, if not more.

All it takes is one thing: conviction.

Conviction narrows your scope of the world and lays down a framework to work within. Prior to my journey in the financial industry, specifically the crypto markets, conviction was one thing that I lacked. I had no guidance in life, no direction to take, no path to follow. I was wandering aimlessly through the world, reacting to it rather than acting on it.

But what I did have was curiosity. I tuned into Bitcoin through conversations with my father, and my own curiosity kept me asking questions – every day I dug deeper, hungry to learn more. 

I developed conviction by putting my money where my mouth was. I’m obviously hopeful about Bitcoin’s long-term success, as it would greatly benefit me financially, just as any investor thinks. But sticking my money into Bitcoin has forced me to derive my own thesis about the world – how it used to be, the state that it’s in now, and the direction in which I think it’s heading. If these ideas are not clear to myself, it’s much harder to take my paycheck and stick it into what would just purely be a gamble otherwise.

But in my eyes, it’s not a gamble – it’s a bet on myself and my own beliefs. If I’m wrong, I’ll pay the consequences – literally. But if I’m right, I’ll enjoy the compensation for having conviction in myself. Elon could have massively miscalculated the direction that the energy sector was heading, and his companies would have fallen off a cliff. But he saw the world in a very specific way, took a bet on those beliefs, and it paid off handsomely. 

I haven’t changed my entire view of the world because of Bitcoin – I’ve changed it because I’ve developed conviction. And in my opinion, investing in the markets is one of the most direct, tangible ways to develop conviction, because it forces you to take consistent bets on your own future. 

I’ve always had a knack for writing, but I never had the conviction to start crafting my own work until I started investing. I never cared to write for myself because I was too caught up trying to find success through what the world was telling me, rather than listening to what I believed the world needs.

So look at yourself and your own situation, and think about what cultivating that Investor Mindset means for you. What do you think the world needs that it currently lacks? Follow that sense and work every day to bring it into reality.

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