From: thepipeline_xyz
The Importance of Conviction
A crucial aspect of navigating the crypto industry is maintaining conviction . Many ideas that initially appear “crazy” or “ridiculous” are eventually proven correct years later . For instance, the belief that Bitcoin would be used for payments was a common thought process around 2013 . While that specific application isn’t viewed in the same way now , the underlying thesis has materialized through stablecoins .
Remaining steadfast in crypto involves having conviction, enduring challenging periods, and persistently building, even when events might lead to a loss of faith . This conviction is fundamental for those involved in crypto investment and startups in crypto alike.
Balancing Conviction with Adaptation
While conviction is vital, it does not imply a lack of adaptation . Markets are dynamic, and one “absolutely should adapt” to changes . The key is to remain true to the “core thesis” and “core beliefs” that underpin one’s involvement in the space .
Advice for Crypto Founders
Founders often receive advice from individuals who observe the market with a shorter-term perspective . These market watchers may not share the intense, 24/7 focus of founders . Consequently, it is sometimes necessary for founders to defend their core beliefs, echoing the importance of conviction .