A Comprehensive Guide to Mastering Crypto: Understanding the 4 Phases and Identifying the 7 Types of Struggling Investors (Beginners’ Handbook! 📕🚀)

The Crypto Learning Curve: Shifting Mindset and Embracing Growth

When we first hear about crypto and decide to venture down the rabbit hole, it can seem extremely overwhelming and complex. The easiest way to approach it and go about our own unique crypto journey is by shifting our mindset into a growth mode. When we flip our mental switch to growth mode, we start manifesting happiness from being an investor, taking small steps, celebrating continuous progress, and recognizing that everything we do during this potentially once-in-a-lifetime opportunity as early investors in new speculative revolutionary technology will have a huge impact on our lives now and our futures.

When most of us first get into crypto, our caveman instincts kick in and put us into fear mode. In this article, we are going to explore the crypto learning curve we will all go through (and some of us have been through) to help us get into growth mode. Growth mode is where we realize that so long as we are growing and expanding in this new area of our life, we are happy, and everything will fall into place along the way.

As Aldous Huxley points out in this quote, “There’s only one corner of the universe you can be certain of improving, and that’s your own self.” And as we all work on improving ourselves as people within this exciting crypto community, we also, by proxy, are improving the crypto space at large, which will hopefully start improving the world at large in the coming years and decades. It’s an important concept to understand during our crypto journey together.

One of the key things to understand during our crypto journey is that two forces are always at play in our heads: the conscious mind and the unconscious mind. Consciously, we all want to learn about and understand how cryptocurrencies, blockchain technology, finance, economics, and investing work. Our conscious mind is our thinking mind; we control its thoughts for the most part, and its job is to reason, be logical, imagine the future we desire, and plan a path forward towards it.

At the same time, our unconscious mind wants us to stay the same, to stay comfortable, to seek safety in the familiar. It’s in charge of keeping us alive by keeping our hearts beating, keeping our organs functioning—basically everything we don’t really think about. So, it doesn’t want to change and works to make everything stay the same. This can hinder our goals of becoming well-versed and comfortable in the new, constantly changing, evolving crypto space.

What’s great is that it’s much easier than we think to learn about how to use both of our minds to achieve a balance that makes our journey along the crypto learning curve much faster, more efficient, and more enjoyable. Here are four universal laws that are agreed upon psychological principles we need to be familiar with along the way that will keep us on track:

1. The Law of Control

Accepting responsibility for what happens while we learn about, explore, and develop a deeper understanding of crypto markets, investing, and the global financial system at large will give us the power and freedom to persevere and make long-term progress. Blaming other people or circumstances instead of taking responsibility for everything that happens on our journey will just keep us stuck and prevent us from achieving our goals efficiently.

2. The Law of Attraction

Our thoughts and feelings can either pull us towards the opportunities we seek or they can pull us away from them. Focused positive thoughts and feelings help us take focused positive action in life, while unfocused negative thoughts and feelings cause us to experience unfocused negative outcomes in life.

3. The Law of Focus

Our personal perspectives on our lives create how we perceive our reality. In four ways: what we focus on, we find; what we focus on, grows; what we focus on seems real; and what we focus on, we ultimately become. Undisciplined thoughts turn into fear, uncertainty, and doubt, which can stall our progress along the way.

4. The Law of Belief

Our expectations shape outcomes in our lives. What we strongly believe and have conviction in becomes our perception of reality. Skepticism, cynicism, and negativity become self-fulfilling prophecies.

All four of these universal laws are important to keep in mind while we learn about the four stages we will all go through while on our journey along the crypto learning curve together.

The Four Phases of the Crypto Learning Curve

Phase 1: Inception

The Inception phase is the temporary phase where we’ve just discovered crypto and are excited about the newness of the technology, the crazy amount of money people have made in the space in a relatively short period of time, and its implications on the future of our world at large. Inception is the part of us that loves new things and starting new journeys. This first phase is where we make a goal to become a part of the crypto markets and industry and start working towards it confidently. It’s when we have the most energy and everything seems possible because our unconscious mind hasn’t tried to bring us back to our familiar baseline of comfort, and nothing has gone wrong yet.

Phase 2: Deception

When we decide to become serious about starting something new, no matter what it is, whether it’s a new relationship, a new job, moving to a new city, or becoming knowledgeable about crypto, we will absolutely encounter barriers and frustration. This is the deception phase where sometimes we wonder, “Is all this really worth it?” because our unconscious mind doesn’t want us to change, so it won’t make it easy for us. What’s interesting about the deception phase is that, unlike the inception phase, it can be permanent for some people that don’t push through. The reality is that we all have to experience challenges in order to change. No gain without some pain. So, we need to think about our resolve to persevere like muscles we are just starting to work out. The more we work them out, the stronger they get. So, what doesn’t kill us makes us stronger. The more adversity we face and failure we experience in the deception phase, the more we learn, the more we grow, and the stronger we become as valuable members of the crypto community because we are in a better position to help others. Don’t make the deception phase your permanent destination in your crypto journey. Don’t become a master of making excuses along the way. Fight through it with a positive attitude because each and every one of us has gone or will go through this phase.

Phase 3: Transformation

When what first seemed like a struggle and a lot of work becomes enjoyable after a while, it becomes part of us because we’ve literally gone through a transformation. This phase is where we start seeing results of our efforts, and sometimes, during this phase, we can start to feel a little nervous because with change comes uncertainty. So, it’s more important than ever during this phase to persevere and stay focused. We must keep that forward momentum and keep moving; otherwise, we could slip back to phase 2, deception. In phase 3, we are acquiring new skills, starting to wrap our heads around complex ideas and abstract concepts. However, we are still actively and consciously working because our new knowledge hasn’t become ingrained in us yet, and it isn’t flowing freely and naturally yet without a lot of work and effort. This is called being consciously competent, where although we are at peak performance as a crypto investor, we are doing what we can with what we have and where we are on the crypto learning curve. And we go through this when acquiring any skill. For example, remember when you first started driving a car? You were nervous, hyper-aware of everything, had a white-knuckle grip on the wheel, hitting a cone or catching a curb every now and then. Now, after a few years or decades of driving, we hardly have to think about maneuvering the car and driving for the most part. Becoming a knowledgeable crypto investor is no different. It’s all natural. So, just because we may hit some cones or catch some curbs along the way doesn’t mean we should stop now. Keep going and stay positive. If we keep at it, keep learning, and stay connected to our desire and vision to become well-versed in crypto, we move into the fourth phase.

Phase 4: Identity

Much like the difference between when we first started driving to how we drive after doing it for several years, we reach the identity phase. Everything just feels natural, and it comes easier because we’ve successfully formed a new habit. We have developed confidence, and we finally feel competent in crypto. Our identity as a competent member of the crypto community that can help others, provide insight, and create value is strengthened and solidified. It takes work, it takes persistence, but it is totally and completely worth it. Once we’ve reached phase 4, our journey isn’t over. Crypto is constantly changing and evolving, so it requires upkeep. And if we really want to do our part to help the crypto space grow, we need to take the time to spread awareness and help others on their journey along the crypto learning curve. Create social media accounts, join discords, start contributing to the crypto community to help build a better future for us all.

Frequently Asked Questions

Q: How can I shift my mindset into growth mode?

A: Shifting your mindset into growth mode involves recognizing that continuous progress and learning are more important than immediate success. Embrace challenges and setbacks as opportunities for growth and improvement. Celebrate small wins and focus on the journey rather than the end goal.

Q: How can I take responsibility for my crypto investments?

A: Accepting responsibility for your crypto investments involves acknowledging that you have control over your decisions and outcomes. Avoid blaming external factors or individuals for your success or failure. Take ownership of your investment choices and learn from any mistakes or losses.

Q: How can I overcome the fear of uncertainty in crypto investing?

A: Embracing uncertainty is a crucial aspect of crypto investing. Understand that the crypto market is highly volatile and unpredictable. Focus on educating yourself about the technology, market trends, and potential risks. Develop a long-term investment strategy and stick to it, even during market fluctuations.

Q: How can I stay focused and avoid distractions in the crypto space?

A: Maintaining focus in the crypto space requires discipline and a clear plan. Set specific goals and prioritize your actions accordingly. Limit exposure to unnecessary information or noise that can distract you from your investment strategy. Regularly review and adjust your plan as needed.

Q: How can I handle losses and setbacks in crypto investing?

A: Losses and setbacks are inevitable in crypto investing. Instead of dwelling on them, view them as learning opportunities. Analyze the reasons behind the losses and adjust your strategy accordingly. Maintain a positive mindset and remember that setbacks are part of the learning curve.

Q: How can I contribute to the crypto community and help others?

A: Contributing to the crypto community can involve sharing your knowledge and experiences through social media, forums, or participating in community events. Support and educate newcomers, answer questions, and provide insights based on your own journey. By helping others, you contribute to the growth and development of the crypto space.

In conclusion, the crypto learning curve is a journey that involves shifting our mindset, embracing growth, and navigating through different phases. By understanding the universal laws that govern our mindset and behavior, we can overcome challenges, develop competence, and contribute to the crypto community. Remember to stay positive, persevere, and enjoy the process of becoming a knowledgeable and confident crypto investor.