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What is the Crypto Mindset™?

crypto strategy learn crypto Mar 06, 2025

The Crypto Mindset is more than just a way of thinking about money or technology; it’s a philosophy for life. At its core, it’s about being prepared. Being prepared means being ready to handle life’s wildcards at any time of day and solving them with ease. Not being prepared means making mistakes - and no one can afford to make mistakes in crypto. 

How taking 100% responsibility unlocks crypto freedom

You must be 100% responsible for everything in your life, which means you must hold yourself accountable for everything that happens around you. Most people want to blame something else or someone else at least some of the time. Being prepared at the highest level is a byproduct of being 100% responsible.


Key Takeaway

You magically become prepared for everything when you take responsibility for everything that happens in your life.



Crypto mindset around self-custody

Self-custody is the cornerstone of the Crypto Mindset, and it’s the gift that keeps on giving—but only if you’re willing to accept the responsibility that comes with it. Self-custody is often framed as owning and controlling your crypto assets, free from the clutches of banks or intermediaries. But it’s much more than that. It’s a mindset shift that requires you to take 100% responsibility and 100% control of your financial and digital life.

The digital identity challenge

Most of us live some part of our lives online, whether it’s banking, social media, or email. Yet, many people operate with pretty sloppy digital security. They reuse passwords, skip two-factor authentication, and click on suspicious links without a second thought.


Key Takeaway

Hackers and scammers don’t discriminate. They want to get the most money with the least amount of work. They’ll target your bank account, your email, your social media, and your crypto wallet with equal enthusiasm.



If you’re sloppy with your digital life, crypto will expose those weaknesses in the most painful way possible. But if you embrace the Crypto Mindset, you’ll protect all your assets and develop valuable life habits.

Other ways to adopt a crypto mindset

Crypto demands a certain mindset, which includes being prepared, having a clutter-free environment, taking your time, paying attention to details, and cultivating peace of mind. The Crypto Mindset requires you to follow a process and get continuous education. It’s that simple.

EXAMPLE

Bob is not a detail-oriented person, and his desk has so much paper he can’t even find his keyboard. He got a hardware wallet shortly after getting into crypto but rushed the setup, wrote his seed phrase on a scrap of paper, and lost it in the clutter. When Bob’s hardware wallet glitched out, he lost over $12,000 because he couldn’t restore his wallet.

Miraculously, this painful experience forced Bob to step up his organizational game to another level. He now has a clutter-free desk and peace of mind.

Do you want to operate your life like Bob? Probably not, but old habits die hard. Crypto is the catalyst to replace old, bad habits with more enjoyable ways of operating. This explains why crypto is more than just the gift of wealth generation from a new asset class. It’s the gift that keeps on giving.

To fully embrace the Crypto Mindset, consider these additional steps:

1. Adopt a security-first mentality.

Security isn’t just a one-time setup—it’s an ongoing process. Regularly review your digital security practices. Are your passwords strong and unique? Are your devices updated with the latest software patches? Are you using a hardware wallet for your crypto? These small actions add up to create a robust defense against threats.

2. Build a routine for continuous learning.

The crypto space evolves rapidly, and staying informed is non-negotiable. Dedicate time each week to read trusted news sources, listen to podcasts, or participate in online communities. The more you know, the better equipped you’ll be to navigate the complexities of crypto. Be sure to set yourself up for success by taking  the original Crypto Mindset course   and subscribing to a trusted crypto education resource.

3. Practice mindfulness in decision-making.

Crypto can be overwhelming, especially during market volatility. The Crypto Mindset encourages you to slow down and think critically before making decisions. Whether it’s investing in a new project or sending funds to a wallet, take a moment to double-check every detail.

4. Surround yourself with like-minded individuals.

The journey into crypto is easier and more enjoyable when you’re part of a community. Surround yourself with people who share the Crypto Mindset. They can offer support, share insights, and help you stay accountable to your goals.

The Crypto Mindset in action

Imagine waking up to a notification that your email has been compromised. In the past, this might have sent you into a panic. But because you’ve embraced the Crypto Mindset, you’re prepared.

Also picture getting a flurry of phishing emails that make you laugh because you can spot them right away. You have a password manager, 2FA enabled, and a security plan in place. You calmly review the situation and move on with your day.

Here’s another scenario: You’re about to send a large amount of crypto to a new wallet address. Instead of rushing, you take a deep breath. You verify the address multiple times, confirm the transaction details. This level of diligence might seem excessive to some, but in the world of crypto, it’s the difference between success and disaster.

The Crypto Mindset also extends beyond crypto. Imagine applying the same principles to your personal finances, career, or relationships. By taking 100% responsibility, staying prepared, and paying attention to details, you’ll find yourself thriving in every area of life.

Final thoughts on the Crypto Mindset

The Crypto Mindset is a call to action. It’s a challenge to take responsibility, to educate yourself, and to take control of your financial and digital life. Are you ready to step up?

As always, your goal is to get a Crypto Bullseye™.

Yours in crypto,

Kirk David Phillips, CPA, CMA, CFE, CBP

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