Building vs Investing
You don’t have to bet on the next 100x NFT to make money in crypto. In fact, building in the industry allows you to build skills and make money with a much higher probability. If you can get to the point where you are an excellent web3 developer (for example), you will have no trouble winning hackathons and consistently winning prize money from different web3 startups.
I’m not technical
That’s fine! “Building” does not specifically mean you have to be writing smart contracts. Nearly all companies in the web3 space need help from their community when it comes to creating content, marketing and spreading the word. When you find a new project that you’re really excited about, the best thing to do is to join their discord and just start being active on it. From there, you can join ambassador programs and earn tokens by helping spread the word about the projects you are working with.
Building makes you a better investor
When you are working on your own project or working in the space yourself, you have a much better understanding of the challenges other projects might face. You also have an idea of the challenges you face on a daily basis, and if you find companies or DAOs tackling some of these issues, you can realise their potential before anyone else does.
Market Cycles
In early May 2022, when UST and Luna crashed, it led to a wider crypto crash. I was in an all-company meeting with the rest of my colleagues at the DeFi startup I worked at. Guess what we did?
We just kept going.
When you’re an investor/trader/speculator in a bear market, everything changes. Those 100x opportunities in random coins seem to dry up, your portfolio turns red and you have to figure out what you do - immediately. When you’re building in the space, you don’t have to stress too much about fluctuations and downturns. Sure, they still matter. But you’re in it for the long term and you’re working on building your thing, so you don’t have to care as much that BTC is down 35% since the start of the year.
How to Get Involved
- Follow crypto newsletters, crypto subreddits, crypto news and famous crypto people on Twitter (more in the next conclusion)
- Find projects you are genuinely interested in
- Join their Discord
- See if there are opportunities to get involved with the community for these projects
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Crypto Conferences
