This is another incredibly important point and one that most people often don’t consciously think about when formulating their strategy. If you only have 5 hours a week to dedicate to crypto, you will need to take a significantly different approach to someone who has 25 or 60 hours a week to spend in the space.
The crypto space moves at breakneck speeds and often being “offline” for even a few hours can cause you to miss opportunities. Sometimes being offline for a few minutes can cause you to miss opportunities. That’s crypto, that’s life.
No matter how much time you can devote to crypto, you need to get comfortable with the idea of missing opportunities.
It happens to everyone, even if you’re glued to your screen 24/7.
That said, there’s certainly a correlation between time available to spend devoted to crypto and number of opportunities you might be able to find.
Swing trading brand new meme coins for instance can be highly lucrative, but requires an immense amount of time and is highly risky.
Airdrop farming is another thing that you can spend 5 hours a week on or 25 hours a week on, and your results will largely correlate with the time you invest.
So, sit down and think about how much time you can commit to crypto and how much time you want to commit. I honestly think most people would be better off spending less time in the space, and having a passive strategy, but I can’t deny there is significant potential upside if you are in a position to devote a lot of time and take the risk, especially during a bull cycle.
<aside> ✍️ Action Step: Write down a number of hours you want to commit to the crypto space per week.
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Next up.. ⤵️