The cryptocurrency industry has grown over the years from a one cryptocurrency whose entire market capitalization was inconsequential to a multibillion dollar industry comprising of several thousands of cryptocurrencies and attracting the dons of the financial world into what they previously considered useless, valueless, and likely to end in a painful death.
All over the world, people are experiencing the liberation power which crypto offers especially in the areas of financial freedom and free speech. The influence which the ideal of crypto wields continues to resonate from nations to nations and this has resulted in the creation of one of the fastest growing industries.
The rate of development in the industry aside from regulatory limitations has been phenomenal. People, firms are creating new products which seek to make life better, easier and freer.
As much as the industry is growing at a significant rate, it is still in its early stage and presents some fascinating opportunities for anyone to utilize. As with other industries, there are hundreds to thousands of opportunities which anyone who is able to can leverage to build a career. Crypto industry offers similar bountiful opportunities; however, these opportunities can only be readily available when an individual understands what gives.
Therefore, in this article, we will be looking at how anyone can get into and position himself or herself as the case maybe in the crypto industry.
1. Making the decision – what do you want to do? Who do you want to be?
It’s a well known lesson that anyone who fails to plan, plans to fail. There are several opportunities available in the cryptocurrency industry, so it’s important for someone to decide what area they want to operate. What they desire to do as their “thing”. Making the decision is imperative to getting directions and working towards that goal.
For anyone who wants to get into the music industry, he is expected to understand what he can do and decide what to do. This is equally similar in the crypto industry. Anyone who wishes to position himself must decide what area he wants to focus on and work towards it.
2. Unlearn, Learn, Relearn
The cryptocurrency revolution has brought up deep truth hidden from the masses. The understanding of the financial system, how it operates and the way it has become a tool of destruction of people’s wealth have remained largely unknown to lots of people. The libertarian idea behind crypto has brought about enlightenment.
This knowledge is held dearly and its imperative anyone who wishes to position himself in the industry, learn about the concept of money, about cryptocurrencies, the technology which cryptocurrencies run on – the blockchain as well as the various possible applications of the technology.
The popular saying “knowledge is power” is ever relevant in the dynamic world of crypto. Therefore, anyone who wishes to become part of the industry and become someone significant, he has to unlearn and learn and relearn. The continuous never ending path. The amount of knowledge acquired will determine the level of exploits.
3. Joining Cryptocurrency Communities.
The industry has grown significantly, such that there are several cryptocurrency communities spread across various social media platforms. A quick search on Facebook will bring up several crypto communities, there are others on Telegram, Whatsapp, Reddit, etc.
Being part of a cryptocurrency community helps in facilitating exchange ideas, concepts and the overall learning and growth package.
Joining a cryptocurrency community gives one a platform to speak, discuss, share ideas, collaborate, innovate and grow. It affords one the platform to become relevant. As this becomes a thing, the individual begins seeing increasing growth and influence.
4. Taking a Work Role in the industry
Becoming part of a cryptocurrency community helps in spreading one’s wings, it grants an individual a platform to explore and grow.
Another way an individual can also get his or her name out there thus positioning himself is by taking a work role, such work or jobs should be one that’s progressive not a role which doesn’t have prospects.
Nonetheless, even a role with little or no prospects may present a launchpad for future leadership roles which is the main goal.
A role is dependent on the skills of an individual. Some people could get into business management and advisory, software development, community management, legal advisory, media, educator etc. The opportunities are abounding.
For individuals who couldn’t get the opportunity to do paid jobs, could volunteer or get their own gig set up. There are several individuals using their own skills, knowledge to push their personal brand forward. You could.
Anyone can be anything they desire to, with the right dedication, motivation and drive. As much as an individual will desire to become relevant in the industry, he’s expected to understand personal brand development. These key points are guides for anyone to start up and become someone significant in the crypto industry.
Market Crashed & Recovered in one Hour after ETH2.0 Beacon Chain Launched. Why?
The Beacon is one. Ethereum 2.0 has launched, or rather the course to full ethereum 2.0 is charted. We’re on full throttle. No stopping, the engines are burning hot, so the market would also.
But not so fast. As much as the industry had waited for the eventual launch of ethereum 2.0, there’s still a long way to go from this point. Ethereum is a world computer so defining changes are not so easily to make.
While the market had been moving upward since the announcement of Ethereum 2.0 December 1st launch, and despite the recent market sell off few days ago, the entire market with Ether saw good gains.
However, something interesting happened. Immediately the Beacon Chain went live, the price of cryptocurrency instantly went down with bitcoin getting to as low as $18300 while Ether went down below $600.
While this doesn’t surprise traders due to the historical data or trading philosophy of Buy the rumor, Sell the news, the market reacted differently not long after the price dip. It rebounded.
Currently bitcoin is trading at $19,500+ while Ether is currently trading at $615+. Other cryptocurrencies are also seeing gains. BNB went down to $27 but currently trading at $30.
What do you think happened? Tell us in the comment section below.
Two Major Reasons to Get Into Crypto Now
With bitcoin recently breaking the previous all-time highs (ATH) of the 2017 bull run, there’s never been a better time to talk about it. From mainstream media to street corners among friends, the innovative blockchain industry is slowly beginning to feel the buzz again.
Even more interesting is the fact that last night, Bitcoin had its highest ever monthly close ($19,695) in history.
However, just as much as there is an increasing number of blockchain believers, skeptics still lurk in large numbers. This article presents two solid reasons you should consider crypto already and explore the amazing opportunities for yourself.
Everyone uses money but unfortunately, most people still lack a proper understanding of what money is or how it works. The world is facing a lot of economic uncertainty and the interest in cryptocurrency and blockchain has exposed many to the difference between good and bad money – thereby leading them into making solid decisions to protect their wealth and preserve their purchasing power.
The Blockchain industry is relatively young and if you’re currently wondering if it’s too late to get into crypto, the answer is a clear “no”. We are still at the early phase of adoption, and grabbing the knowledge early would put you well ahead.
From those who are new and trying to find a favorable path in the labor market to the established veterans in different industries ranging from finance, economics, law, real estate, etc; getting into crypto will prepare you for the economic paradigm shift ahead.
Every sector, not just finance, is seeking innovative ways to implement blockchain technology.
According to LinkedIn, Blockchain is currently the most in-demand skill. With the rate of adoption in the industry, demand for blockchain developers seems to be currently outstripping the supply. Note, however, that opportunities are not just limited to the development field.
Now, let’s talk about two key reasons you should be in crypto right now
This is apparently the most buzzing use case of cryptocurrency for most people. The cost of entry is incredibly low as anyone from any part of the world can easily sign up on an exchange and execute trades without any harsh KYC procedures.
Whether you prefer to trade or hodl for the longer term, the beautiful thing is you can purchase crypto as little as $5 making it very appealing to a broader market of non-sophisticated people who are just delving into the world of investing.
In addition, the entire cryptocurrency market cap is still very small compared to traditional assets and therefore has a lot of room to grow. We’re likely to see a huge inflow of funds from institutional investors in the coming years. Some prominent analysts predict the crypto market cap could hit trillions this decade. This is another major reason retail investors are incentivized to take early positions. However, this is certainly not financial advice.
It’s no longer news how the recent global pandemic is changing we way we work. Industries that find it hard to adjust are already paying the price.
Thankfully, most blockchain jobs give room to operate remotely. With the rapid rise in demand for blockchain experts globally, there’s never been a better time to position yourself. You don’t have to be a programmer as there as roles in Marketing, Human Resource, Translation, Content Creation, Accounting, etc – whatever fits your experience or passion.
Blockchain roles offer competitive salaries, remote work, and the opportunity to become a leading figure in innovative technology. What’s more exciting is that you don’t need fancy degrees to work in crypto – just sheer commitment and education.
A lot of blockchain companies are springing up daily in different parts of the globe. It might be worth shooting your shot!
Previous misconceptions about the industry have kept a lot of people from taking a chance in crypto. However, a lot of people are beginning to realize the potential of Bitcoin and the entire industry.
While attention is currently on Bitcoin, a lot of smart traders and investors are building positions in smaller altcoins knowing their potential to offer higher returns – though with higher risk. It’s a market cycle that tends to repeat itself over and over.
Investing in crypto is way easier than investing in internet-based companies in the mid-nineties. Thankfully, the chance to be part of something beautiful has been given to us again.
ETH2.0 on the Horizon, What Does This Bring to the Crypto Industry?
Ethereum has been at the center of two bull runs in the history of the cryptocurrency industry. While there have been competitions or wannabes that attempted or pushed forth the Ethereum-killer sales pitch, much less has been seen from them.
No doubt some of these projects have made tremendous progress in their respective corners, but when the ethereum-killer lens is used to look at them, they may fall short. Nevertheless, there are some that still considers Ethereum less than it is, and others believe it’s yet to truly achieve its goal of being the world’s computer. Will this ever be achieved? Maybe!
Ethereum came as a transformer, it introduced what it called autonomous agents which is popularly known across the industry as smart contract and it’s currently a must-adopt by emerging blockchain platforms. The transformative influence which Ethereum brought was felt greatly in the 2016/2017 bull run as multiple projects were able to build upon Ethereum this includes EOS, Tron, Binance, etc.
As much as Ethereum seemed promising and the go-to platform, it also suffered from certain limitations. As a Proof of Work (POW) blockchain (ETH 1.0), it is the time it takes to achieve consensus has been a serious concern. The rise in gas cost has also been an issue. The scalability issue is one of the serious concerns for POW blockchains and Ethereum isn’t any exception. Ethereum network currently can perform about 30 transactions per second. For a network upon which globally competitive financial infrastructure and other systems can be built, that’s a huge limitation.
The Promise of Ethereum 2.0
What’s ETH 2.0?
Ethereum is a network currently running on POW but had been working to migrate to the Proof of Stake protocol. Ethereum 2.0 is a POS protocol powered blockchain that allows a higher level of transactions. With the migration to POS, Ethereum will be able to process up-to 100,000 transactions per second. This will even be made possible with Sharding technology.
The Arrival of Ethereum 2.0
The eventual migration to ETH 2.0 has long been expected over the past months. There have been continuous tests going on with multiple teams working to facilitate the migration. One of the recent events resulted in a change split however it was resolved. The migration is currently scheduled for December 1st, 2020.
What does Ethereum 2.0 offers
Scalability and Security.
With the migration to POS, Ethereum will allow for more complex applications to be able to effortlessly run on the network.
Considering the rise in gas cost as a result of network congestion has been a serious concern, the migration will allow an exponential growth in on chain transactions.
With the current waves of DeFi applications, ETH 2.0 will allow for a better playground that will enable experimentations and deployment of smarter applications and many more.
New All Time High Price Discovery
Ether has in previous time seen an all time high of $1200. While some believe the migration will result in an increase in price, there has been a significant growth in terms of price over the few weeks. Will more price increases come? Maybe yes.
The network has reached its deposit threshold and is expected to go live on the 1st of December.
Cabify Explores Blockchain to Track and Counterbalance its Carbon Emissions
Valour, a Switzerland Headquartered Firm Releases A Pro Bono Swiss Bitcoin ETP
The Crypto Community Welcomes the Release of Ethereum 2.0
How Cryptocurrencies make it easier to Send Money
Investment Bank, Mizuho Securities, Reveals that Bitcoin Traders on the Paypal App has Topped by 20%
BTC to Expand Into a Global Asset- CEO of BlackRock, An Asset Management Giant
270k User Data At Risk As Australian Crypto Exchange Accidentally Sends Emails En masse
Top 5 Crypto Gainers in the month of November, 2020
Market Crashed & Recovered in one Hour after ETH2.0 Beacon Chain Launched. Why?
African Bitcoin Based Startups
Is Africa Adopting The Blockchain Technology?
Nigerian Customs Service Adopts the Blockchain Technology
A Crypto Project With the intention to Eradicate Poverty Has Written An Open Letter to the EFCC, Says it's Open for Questioning.
PharmAccess To Use Blockchain To Improve Maternal Care in Tanzania
Cryptotvplus: Live In Kampala, Uganda
How the Blockchain Technology can Solve Unemployment in Africa
Use Cases of the Blockchain For the African Situation
Sygnia to Launch It's Cryptocurrency Exchange
Watch the Latest Edition of Inside Blockchain – 29th Nov. 2020
Crypto Roast is LIVE – 27th Nov. 2020
AMA Series with Beam CTO & Tech Lead, Alex Romanov
Keep it Locked on to Cryptotvplus
Inside Blockchain | 16.11.2020
Inside Blockchain: WHY YOU SHOULD BECOME A BLOCKCHAIN DEVELOPER
How Blockchain Technology Can Transform Governance In Africa
Exchange2 weeks ago
Naijapay Launches Enabling Bitcoin and Dash Payments
Blockchain News5 days ago
Beam is building Decentralized Bridges Between Chains to allow Interoperability- Beam CTO, Alex Romanov
Crypto Gossip7 days ago
InksNation Founder Omotade-Sparks (UDI), Officially Declared Wanted by EFCC
Crypto Gossip1 week ago
Top CEO said Crypto is Ready for Black Friday
Bitcoin News2 weeks ago
JP Morgan Chase CEO, Jamie Dimon Is Still Closed to BTC
Market2 weeks ago
Crypto Market is currently into four (BTC, ALT, DEFI & NFT) segments – Lucky Uwakwe
Exchange2 weeks ago
Luno to hire over 200+ people, Plans Global Expansion to reach 1bn people by 2030
Bitcoin News3 weeks ago
Fitzpatrick, Head of Citibank’s CitiFXTechnicals Projects $300K Value for BTC by December 2021