Blog

8 Ways To Be Like FTX CEO, Sam Bankman-Fried

alt_text
(Image credit: Andrew George)
Sam is indirectly creating a blueprint for other innovators to follow in the crypto space. In a short period of time, his reputation has leveraged over 100x, and none of it seems forced.

This clearly indicates he’s got certain traits that propel him to succeed in anything he puts his mind to.

At the root of his lifestyle is altruism: Disinterested and selfless concern for the well-being of others.

His altruistic mindset compels him to make sure the end goal of everything he does in life and in business is service to the people — this makes it almost impossible for him to never deliver value.

So now, we’ve identified 8 other traits that can be replicated to achieve his level of significance in the crypto space:
1: Constantly Interact With Crypto Twitter
CT is a digital world where crypto users engage, argue, and share the latest information. So as a cryptopreneur, it’s in your best interest to utilise the platform as much as possible. It’s no secret to why there’s a bitcoin icon when you use the icon on Twitter.

More importantly, Sam uses CT as a stage to deliver value to the community. He’s not spending most of his time on the platform engaging in unproductive arguments. 
2: Show Your Face
Most successful crypto projects have one thing in common — founder transparency. This is about revealing yourself to build trust with others who’d like to learn more about your projects.

People are more convinced when they see real faces behind a project. This is because it sends the message that you’re prepared to be 100% accountable for it. 
3: Create Something That Adds Value
You’re defined by the value your project brings to a community or space. This is why everyone knows who the founders are of Binance, Ethereum, and EOS. The value they bring to crypto is dictating its future.

This is what Sam is doing with FTX — tokenising stocks on the blockchain which makes it more comfortable for crypto users to buy stocks, and for stock investors to be more interested in blockchain.
4: Create a Dream Team Around You
Sam may be the face of FTX, but he wouldn’t be successfully running it without the right people. The team around him is just as important as his involvement.

Having a dream team allows you to be focused on your objectives as you won’t have to worry about inconsistencies and errors. While errors are unavoidable, you can trust your dream team to resolve them effectively.
5: Use Personal Branding As Leverage  
Sam’s previous experience before FTX is what helped give FTX immediate attention. Knowing that it’s someone with success who’s committing to making a demanded project provides assurance.

So, if you’ve got experience in a related area to what you’re engaging in now, make your history known to the public to build immediate trust.
6: Constantly Update The Community With What’s On Your Mind
Sam is always appearing in interviews and speaking about his history, progress and thoughts on current projects.

His perspective of crypto and its future makes him applicable to be a thought leader. But he was only viewed as one when he used other people’s platforms to share his mind.
7: See Things From An Unbiased Point of View
Sam always aims to understand different viewpoints on a subject matter. This way of thinking may have been developed from his institutional trading experience.

This is because trading requires eliminating mental bias for optimum performance. Having no bias helps you accept when you’re wrong, and most importantly move forward.
8: Don’t Be Afraid To Move Forward
Sam could've stayed in his comfort zone as a quant trader however, he saw a greater vision and made the conscious decision to go ahead and make it happen.

So, taking the chance to do something bigger is a habit you should acquire. The only way to acquire it is through repetition.

Keep practising moving forward until it becomes second nature for you.
What is CoinMarketMan (CMM)?
This is a platform that helps traders become profitable by automatically journaling their trades to provide statistics exchanges don’t have.

For example, with CMM, you can see:

- What days and hours you’re most profitable
- The trade setups that are constantly winning or losing
- The duration of your winning and losing trades
- And much more!

Click here to learn more about CMM.
🏠 Navigation
© Coin Market Manager 2021
COIN MARKET MANAGER LTD, UK Company Reg 11513146
We use cookies to enhance your browsing experience, by continuing to use our site you consent to the use of cookies. Learn More
ACCEPT