Cryptocurrencies can be a challenging subject to understand and given the pace at which things move in the cryptocurrencies world, you may face many obstacles on the way to build a good portfolio or to keep up with this subject in the first place. This will be even harder if you are new to this technology.

1. Find projects you believe in and inspire you.

most of us can't keep up with all the projects that are going in the blockchain technology, So find the projects that you understand and believe in, let's take Steemit for example, It is a decentralized social media platform that rewards authors and curators for their efforts.
Sirin Labs token is a blockchain based smartphone and computers company that is trying to solve the security issue that many of us face in the cryptocurrency world. If you can't give a simple answer to what is the project is doing or their purpose, then you are probably chasing the wrong balloon.

2. Don’t let your fears hold you back.

They are many kinds of fear when it comes to blockchain technology and one of them is the price, Don't be scared if the project you are invested in looses 50 percent value in a short period of time. This is normal in any industry that is brand new, it will be volatile for a while and you should expect this kind of movements, after all, if you can't handle the 50 percent drops then you don't deserve the 1000 percent gains.

3. Don't chase the projects or coins for their price.

This is often happening with newbies that chase coins or projects just because the price has changed 50 or 100 percent in 24 hours. as with any new technology, beware of market manipulation and projects that get pumped in price in a short period of time and then dumped on the people that are chasing the price.

4. Find like-minded people and build a support system.

This is probably the easiest part of them all, each good project has a community behind it. So be around that community, ask questions and get educated more about the subject. Steemit has made this much easier as well, just search the tags about a specific coin and you will find plenty of people to follow and who can help answer some difficult questions.

5. Allow your failures and mistakes to be lessons, not excuses to give up.

Don't let failure get the best of you, I personally failed many times in the Cryptocurrency world. My first failure was losing all my coins to a hack, it only taught me to try again and keep most of my stash in cold storage.
my second failure was in an exchange called Cryptsy, but having learned from the first lesson they only got 5 percent of my total portfolio.
I was also trying to buy every possible crypto out there and ended buying a lot of junk coins at the beginning of my investment without understanding what is the project about or who is the team behind it.
failure can be your best teacher in this space or any other part of life for that matter, so keep your head up and learn from your lessons even when they hurt.

How would like to achieve your dreams? and what are your thoughts on this subject? digdaga would love to hear your comments below.

Image source: All images are from Studio Ghibli cartoon (Kiki's delivery service) I highly suggest this film for kids and adults.