Consistency Over Time Will Win Over Shit Coin Strategy
These are the 5 lessons I have learned from bull market runs, entrepreneurial gurus, and attending conferences like Veecon to help prepare us for Cyrpto Winters and Bull Runs.
Looking around my hobbies, I always end up on the fringes of popular opinion. Then suddenly, like clockwork, the world around me starts to enjoy the "thing" I was once alone in wanting. Harry Styles's "Watermelon Sugar" was the summer song in 2020. I once heard that song and told Alissa it would be the summer song this year. I changed my "PFP" profile picture to the watermelon color scheme Vectorbot to signal my conviction. I became known as "watermelon sugar, Ron" after that call out.
Lesson One: LEAN ON INTUITION
I've learned to lean on my intuition when topics come across my feed. Being able to sift through the bullshit to find what I like is easy. When I feel something has legs, I stay for dinner, dessert, and coffee.
Through spontaneity, I gain new experiences, which in turn give me new confidence, which in turn gives me practicality.
Intuition is a result of all that experience, and We need experience to have intuition. We know our decision is correct because we feel it in our chest, brain, and, ultimately, our guts. We know that feeling. Accept it and react accordingly.
“I believe in intuitions and inspirations...I sometimes FEEL that I am right. I do not KNOW that I am.” - Albert Einstein
Lesson Two: Share The Journey
I used to keep my hobbies to myself and enjoy them in solitude. I wanted to maintain my identity through this blockchain journey. I had to find something similar to my current interests that took little time and that incorporated blockchain in unique ways.
Once I had my initial brands and the people I followed, it was time to start sharing my journey.
I started a podcast highlighting Web3 founders and their journey to Crypto. Through this process, I found others who were doing the same things as I was.
During the podcasts, I realized I was sharing more about my life, which led me to find a "tribe" of degenerates like me. The gut feeling I got about this tribe made my soul sing.
Having a tribe made it easier to double down on cranking out more of my journey through other mediums. My tribe gave me a lot of satisfaction and conviction, and I've chosen to stay the course in blockchain technology.
“Tell the story of the mountain you climbed. Your words could become a page in someone else’s survival guide.” — Morgan Harper Nichols
Lesson Three: Take Profits
NFTs were my first tiptoe for investing outside my regular 401k and other employer retirement strategies. I had the liquidity to get into a couple of NFT projects early. One of those was Veefriends by Gary Vaynerchuk. Alissa and I were discussing when we had the chance to sell our Veefriend for $50K, and we laughed at that thought. Looking back on that time, we were in a bubble ready to burst. That was the time to sell.
I've learned that we may never reach the top of that curve or even come close; however, having an exit strategy from the start is crucial to letting assets go as you gain profits. I've since secured earnings on the way up on other projects like DeadFellaz.
I won the DeadFellaz NFT and saw there were a few excellent sales. I paid the gas to list it on the floor of one of the highest floor trait sets, and I knew I would sell it once I won it. I just had to wait for the right time. The FLOOR app also notifies me when markets move on my NFT. I like it, and it allows me to send notifications on specific moving projects. Using FLOOR will enable me to strike when the market is hotter (bull run) and pick up when the market is cold (crypto winter)
"Nobody ever went broke by taking a profit” -Jesse Livermore
Lesson Four: Use Proper Tools
I laugh a little when I get a new piece of IKEA furniture and their toolkit. I go to my toolbox and get my set of Allen wrenches, screwdriver, and hammer. I have a preferred set of tools I like to use. The same is true for my tools in Crypto.
I use basic stuff like opensea, magiceden, metamask, cryptoslam.io, dextools, etherscan, coinbase, uniswap, and turbotax.
To buy Crypto, we need an exchange account. My exchange of choice is Coinbase. I think they charge the most fees, but they have proven to be a safe haven for me and my crypto purchases.
To buy NFTs, we need a non-custodial crypto wallet. My ETH wallet of choice is Metamask, my SOL wallet is Phantom, and my BTC wallet is Ledger. Now, we can buy NFTs and sign into websites using Dapps.
(never give out your seed phrase or connect to sites you do not know).
“You cannot mandate productivity, you must provide the tools to let people become their best”- Steve Jobs
Lesson 5 Consistency Over Time Wins Long-Term
I've learned that the market follows patterns of ups and downs. Where the market ticks up, it will also retrace. My experience has given me a good idea of what to watch for and when to strike. I do not trade coins much and see shit coins as a shitty investment strategy. I am interested in long-term holds like Bitcoin, BTC, and ETH.
I consider BTC the gold of Crypto and ETH the Silver of Crypto. Both protocols have been in development for many years and are consistently being built over time.
Through my experiences, consistently building over time is how to make long-term. I have created a marriage, fatherhood, and business using this "consistency over time" method. I expect companies I invest in to do the same. Flashes in the pan and significant gains are short-term thinkers.
We must be practical and patient in our time, resources, and money investment. I succeed in evaluating companies/brands inside blockchain based on their vision and how my gut reacts. I listen to founders speak at conferences, conference calls, socials, podcasts, and other places.
I have to listen to founders tell us exactly who they are. We have to do research on our own with our own experiences in our pockets. I can't mindlessly follow influencers, and I hope my money doubles in a week because Gary V said so. I love G, but following wallets is a failed strategy long term.
When you look at people who are successful, you will find that they aren’t the people who are motivated, but have consistency in their motivation.” Arsene Wenger
TL:DR
Consistency over time is labor intensive, expensive, and takes forever! Once I had done the research, I gained more experience, which helped me decide to lean in when my gut told me it was necessary.
To prepare for mental warfare when the market reacts to my amazing decision to get in when I did and take profits on the way up, I prepare where my "exit" will be. When it hits that mark, we exit. There is no plan B.
“The Ripple” - an ai3 Bot Saga
Chapter 4 Rocinante
Once I drop Schmuper off at her office, I go to the pastures to ensure our AI3 agro bots are running the food plots appropriately. Keeping the right amount of food-to-human ratio is an evolving and exact process. Too much food leads to waste and over reproductive tendencies in humans. Too little food means starvation and fewer people to work on the NFE.
Over the past couple of months, there have been too many crops, and that is due to the soils we have been getting from the agro-research labs Hope has been leading.
The advancements from that department in just 6 months have been critical to keeping the pace this season.
More and more of the soils are depleted of their resources, making growing crops much more difficult.
In addition, the water systems have been reaching maximum vitamin and mineral retention, which has stunted the growth of many crops.
While pulling up to AI3 food plot 724, I noticed the massive crops immediately. This was a very good sign, and the AI3 were all chopping and packaging the luscious green vegetables into cubes, which would be vacuum packed, shipped fresh, and then used in the local cuisine. We have been working hard to feed these humans appropriately, as we did on Sacho.
Upon arrival, my dear friend Big Time met me at the entrance. "Mahalo Rocinante! To what do we owe the pleasure?".
"GM GM Big Time.
Looks like the crops are growing lush as we expected."
"It's Funny you should mention 'as we expected.' You should see the carbon counts on the new seeds. They are using more and more carbon, and yields have been incredible lately.
We projected that sequestering 17 carbon points would require about 5 tons per acre. That increase will give us enough grant money from the NFE to expand the operation to the fish markets about 5 years earlier than projected."