Author name: @nobumei (https://twitter.com/nobu_mei)
<aside> 💡 This page is intended for those who are considering entering the Web 3.0 market.
</aside>
Finally, we are at the final section.
If you are reading this and are just starting out in your career, I recommend that you work on Web 3.0; Web 3.0 is not a passing trend and young people can quickly become experts in this area. You don't need to spend decades to reach a level where you can make a meaningful contribution to your company or a particular field.
In this section, I will write about how to enter Web 3.0 and the mentality you should have.
To learn anything new, regardless of Web 3.0, you must experience it for yourself. This book will be a broad and systematic summary of the basics of Web 3.0, but nothing beats the experience gained by investing your own money.
When trying to experience Web 3.0, many will first purchase tokens, whether FT or NFT. The recommendation is to get exposed to Bitcoin, which is the basis for everything, but the purchase of tokens is an act of investment because tokens are constantly going up and down in price. If you are not used to investing, you will be surprised by the volatility of tokens, you will not be able to mentally bear the decrease in your assets, and you will exit before you understand the essence of Web 3.0.
You should have a proper understanding of the general risks associated with investing, either before or while experiencing Web 3.0. This will help you survive for a long time.
The figure below is a flowchart of a novice investor's journey from buying BTC for the first time to HODL. An acquaintance asks, "Should I buy virtual currency?" While answering the question, "Should I buy virtual currency?", many of them asked why and how to buy, so we have divided them into two patterns. The next point is that investment literacy is divided according to whether or not they have existing financial investments such as stocks, mutual funds, or pure gold investments, so we have included a split.
Personally, I enjoy practice more than classroom learning, so I recommend the action group. The author entered the program with no investment experience in the action group.
And I recommend "BTC" as the first currency to buy. If your goal is to purchase NFTs, "ETH" could also be a possibility, but first, you should keep the basics as described in Chapter 1 and improve your HODL ability to increase your probability of surviving the uncertain future.
Below is an explanation of the figure.
The first prerequisite for investing is that you have a stable and regular income. If you do not have a regular income, you should first work for a company or DAO before considering investing. Investing is not gambling, so it is not possible to double or triple your money in a short period of time.
I also believe that mentality is the most important aspect of investment. If you do not have a stable mentality, you are more likely to ape-in to high APY gambling DeFi in search of short-term profit and explode to death. Only a stable mind can bring enormous profit.
What always comes a little after purchasing BTC is " newcomer training". In the cryptocurrency world, the first time cryptocurrency crashes after it is purchased, it is called " newcomer training", and the old-timers who are used to Crypto are cackling with each other on social networking sites, "I wonder if the newcomers can keep their grip on BTC".
The old-timers who entered the market early are thrilled to be able to buy more BTC, but the newcomers are anxious because their assets are dwindling by the day and they are asking themselves, "Is BTC OK?”