Welcome!
To all new blockchain, bitcoin, or other cryptocurrency enthusiasts, or those just starting to invest/igate cryptocurrencies...
Depending on your familiarity with Cryptocurrency or blockchain technology, this post will hold true no matter your stage.
We will make this interesting so you can get a bigger picture of what is happening in this space... just enough to get your feet wet :)
Intro:
Anyone who is familiar with surfing, we'll explain the process of surfing being three fold:
First:
Putting yourself in the right position through preparation. You must bring your board, gear, wetsuit and be physically & mentally prepared.
Second :
You must be able to understand where to go for the waves.
A swell is the process of turning seemingly calm water into what world-class waves are made of, that surfers are famous for riding. What few realize is the process of making that wave began hundreds of miles away. Most of the time hours, or days were needed to convert that calm water into a gigantic & ridable wave.
As energy is transferred from wind into the water, water energy then grows & that transfers into building wave energy. It usually develops very slowly, into what becomes large & surf-able ocean waves. Not only is it necessary to track a swell, but you also need to know when, how & where to find & get access to the swell.
Third
As you follow steps 1 and 2, you are ready for #3.
The riding... Riding the wave requires flexibility as to, "take what the wave gives you." You can be prepared, but if you are trying to ride every wave the same, you are probably going to fail. You have to be willing to shift at a moments notice into the place that will take you on the best ride. You need to have followed the previous two steps to even be able to ride the wave. No matter how many previous waves you have surfed before, you still need to follow the process & steps to be able to benefit from the current wave.
What If I fall off? - You might ask, well... if you don't fall, you aren't trying hard enough, most surf teachers would profess.
You must be willing to go out of your comfort zone & take risks, as you prepare, plan, and become comfortable with flexible options. As you take these steps, you will be well ahead of most on the journey to learning & being in the cryptocurrency/blockchain markets.
There are many early bitcoin & blockchain pioneers that are outspoken of it being, "1994 in cryptocurrency." The same way that waves take hours or days to gather, we are at a point of the early-early stages of the cryptocurrency market. Considering there is over 68 trillion dollars in the global economy (incomplete research data on 195 countries), as of 2016. (CIA worldfactbook)
The global cryptocurrency market is 572 million (coinmarketcap) it seems completely reasonable for this amount to grow exponentially over the upcoming years given the amount of attention that blockchain technology is receiving from investors, businesses, entrepreneurs & innovators. We are at a broad rate of .0084019 (well under 1%) of the total global currency, invested in cryptocurrencies.
Finally, while someone who has been around the ocean their whole life is typically familiar with changing tides, and being able to identify the swells, and breaks that will lead to the best waves. We are at a time in the technological world, that will soon be known as the early days of the cryptocurrency market, and looking back, it might even be compared to a wave just beginning to form, hundreds of miles away from the coast.
The Hubble Team
Nice post, I like how you related it to surfing!!! I think those of us that are currently in the space will do very well for ourselves long term as long as we make solid investments and have solid strategies. I think there is a lot more growth potential in the market cap which is going to only drive our current holdings much higher.
Thank you! I completely agree, what are some of your favorites? I think there is a huge need for consumers to take back control of our data & the ability that blockchain provides can be game-changing for everything from social media, to finance, to supply-chain!
For sure, one of my favorite projects is Vibe. I really like the platform and the idea of virtual reality / augmented reality. They also have adoption by Oculus and are working on HTC VR and PSVR which once they have that they will have the major players in the VR market. Another is Tron although lots of people are not buying into it. We shall see how their game launch goes on Monday. PS, Vibe is releasing major news tomorrow so prepare for hype.
Interesting, I just read about it for a bit, haha you got it, will keep up on it!
Congratulations @hubble! You received a personal award!
Happy Birthday! - You are on the Steem blockchain for 1 year!
Click here to view your Board
Congratulations @hubble! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!