5 Entrepreneurial Lessons From the Resilience of Crypto Markets That You Cannot Ignore






Experts define resilience as the power to overcome the unexpected. Over the last few years, when the cryptocurrency revolution was introduced, many investors criticized its survival. However, since 2017, the industry, despite facing many challenges, has shown significant resilience.

Now, it’s, in fact, clear that the industry is here to stay despite the ups and downs it has faced. Investors, who believed in cryptocurrencies like Bitcoin at the beginning, are already millionaires and billionaires. So, what can you learn from the crypto markets power to overcome its challenges?

Patience

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This is generally the most obvious lesson we can draw from the resilience of crypto markets. Let’s take the case of Bitcoin.

When Bitcoin was first introduced in the market, it was equivalent to $0.0001, $0.07 in 2010, $100 in 2013, $600 in 2014, and $220 in 2015. In 2017, the value of Bitcoin went bonkers amounting to $20,000.

In fact, the majority of the investment news and magazines headlines were all Bitcoin. Actually, that’s when the majority of us started having interest with cryptocurrencies.

Experts say that patience pays. Therefore, anyone who bought Bitcoin before 2017, or better, before 2014, they gained returns worth millions of dollars. However, they had to wait for some years. Despite the many ups and downs in the price of Bitcoin, much was realized in the long run. Indeed, success is a waiting game.

Failures are sometimes important


There are a number of ways on how crypto markets have failed. And sometimes failures and setbacks are important. They can help us understand what works and what doesn’t. For instance, some crypto exchange platforms have been hacked, and in the process lost millions of dollars.

 However, despite their loss, they didn’t give up and shut. No! They come up with better strategies or systems that are cyber-crime proof, in the future; they may not face such encounters. When we fall, we can always rise and recover.

Be flexible and accept change


In addition, there are a lot of security concerns in the crypto industry. To overcome them, the industry has shown flexibility by accepting innovations and advanced technology. And through them, they have been able to recover from failures and other security as well as privacy concerns.


Never give up


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Successful cryptocurrency creators and investors have overcome a lot of challenges for being smart and not giving up. And, despite the ups and downs, their tenacity has paid. For instance, the Bitcoin creators failed when they first attempted to create Bitcoin.

Now, Bitcoin is among the major trends in the investment sector. Although there was no proof it would eventually succeed, it did! If you believe something will work and for some reasons it doesn’t, dipper, you may just be a mile away from achieving your goals.

Ignore the Naysayers


Sometimes when faced with challenges, we opt to give up primarily due to the negative influence we get from our friends. The crypto markets have succeeded despite many people criticizing them, especially before 2015.

For instance, if those investors who invested in cryptocurrencies such as Bitcoin as early as 2013 listened to the naysayers, they couldn’t have achieved what they have today.

Being resilient means having a clear purpose and same to cryptocurrencies creators, if you believe that something is lucrative while nobody else does, don’t mind them just go ahead and let them see the results. In fact, experts say, don’t follow the cloud- lead it!

Despite the cryptocurrency markets facing significant challenges such as volatility, the fact that the market still stands, it means that it will thrive over time. Anyway, we still have a long way to go and more lessons to learn from this sector.

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