'Mo' made Rs 10 lakh last year by investing in cryptocurrencies. Earn. know how? Before telling, I want to make it clear that I am not trying to give any shortcut to any scheme to get rich here. Whatever 'Mo' did was completely scientific.

Investing in cryptocurrencies has grown exponentially over the past three years. But most investments are based on perception and hardly people know where they are investing. Before knowing about 'Mo', know what did the average man 'Joe' do?

'Joe' yours is an average guy like me. Seeing the wind of crypto, 'Joe' invested all his money in it. He believed that celebrities support crypto and every other crypto ad. He thought that whatever I will do, I will also do it, till now he has earned Rs 10 lakh. has lost.

'Mo' is smart and took the time to understand the project. He understood Blockchain crypto investment (initially Coin, DEX, NFT) as the same as investing in a stock exchange. These coins are like shares of different companies.

He only invested in those blockchain projects that he used or trusted in. His biggest learning was when he discovered the reasons for the high volatility in the crypto market.

Since the regulations surrounding the crypto market are selective, companies can offer cryptocurrencies without a strong business model or a solid product. The government knows all this and therefore does not encourage investment in it. These crypto ethic give entrepreneurs the power to raise funds, otherwise it will take them years to raise money. We invest in these companies through cryptocurrencies. The value of crypto assets will increase if the company performs well in the future. However, over the years, this price hike has been purely on the basis of perception and market sentiments. Realizing this, 'Mo' invested only 5% of his investment in the crypto market.

Many of us will spend 1000 hours earning 'Joe' money and not even a few minutes to understand where we are investing that money.

And yes!! 'Mo' didn't spend all his savings or take a loan for crypto. This was the only reason why he was able to save 10 lakh rupees. And it was his earnings. We can learn from Mo, apart from taking responsibility for our decisions, whenever Mo learns something he asks himself how will it apply to me? Why is it necessary to implement it? When will he apply it?

Since he knows that the company in which he is holding the shares (crypto currency) he needs to know. He approached the specialist, took time to gain his knowledge. It was only after having sufficient amount of information that he took any action.

Remember technology is not good or bad, it is the intention of the people who use it. Blockchain technology can solve problems in areas such as health, supply chain, biometric authentication, finance. It can make organizations efficient by eliminating unnecessary processes - people in the middle. Trust technology, but don't blindly trust the people using it.