A lot of people say they wish they could go back in time and mine the heck out of bitcoin or Ethereum and say they wish they could have been early adopters.
Are those days over?
Or are there things happening right now that could still be early?
Early Adopter
There's countless things you can be an early adopter of but the first thing is knowing when something is just releasing and to get in on it and the second is to actully take action.
BOTH of these things can happen and both are a challenge.
Being able to find new projects and try to predict the potential future of it is extremely hard and honestly 99 out of 100 of these will most likely end up falling flat no matter how much research you do into it.
The other factor is actully committing the time, resources and capital (money, crypto etc) into the project knowing well you may never see it again.
Deliver Value
Value directly relates to wealth and that's exactly what you have to think about when it comes to your investments with crypto.
For example in the Fiat world a warehouse working busting their butt off would make roughly $150 a day however, a lawyer that's working with you to prevent or help you out with legal issues which could cost you or make you thousands if not millions often will bill you $300 for a single hour in most cases. That's because their value is higher than the person performing the manual labor.
This same theory applies to the crypto world and in order to build your wealth you either need to get lucky on your investments or you need to create your own value.
How do you create your wealth and value on the blockchain?
Here are a few ideas for still being early into the crypto space...
Application Development
There's a rather large skill gap at least right now in which AI still can not replace and most likely will not replace for a good number of years. This is why developers (GOOD ONES) that actully get things done and code in a way that's clean and efficient are often sought after.
You can either learn this yourself or if you have the capital and the ideas you can hire on a developer to create your vision because maybe your value is in brainstorming and structuring platforms and applications that bring value and grow wealth.
Blockchain Analyst
This is a new one that's starting to really heat up that has some serious potential. You can even learn and start using AI agents to collect data for you to make sense of it.
A blockchain Analyst takes all of the blockchain data which seems wild and seamlessly mixed and make sense of it into actionable reports or actionable actions.
This comes in handy for things like tracking down hackers who have stolen from your company in order to file a lawsuit against them and have actionable data to back it all up. Or to find relationships between cryptos and trading that allows you to make profits on the trades which is often known as arbitrage trading.
These analysts then break down into 5 key parts I would say.
Those being..
- Risk Management
- Forensics and Investigations
- AML and Regulatory Compliance
- Market Intelligence and Research
- Fraud Detection and Prevention
While there is a skill gap in this for sure there's also high value for those interested and capable of learning these things. It's more about collecting data and investigating your way into solutions so it takes a fair bit for good problem solving skills in order to truly master these.
These will most likely continue to evolve and there will be plenty more of be early opportunities if this one doesn't fit you. However I always encourage myself and others to at least do some basic learning and understanding of it first and then deep dive if it's something you really want to get into.
Posted Using InLeo Alpha