Feb 01, 2022
The Weekly with Fred Schebesta #51: HOW I LOST US$286K 😭
  • Still calling all entrepreneurs 📣
  • Australia’s plan to create a crypto competitive edge
  • But first, how I lost US$286K…

It’s great to be back! I’m ready to fire up 2022! 🔥🔥🔥

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Way back in November 2020, Chris Laurent sent me a DM on LinkedIn. Chris co-founded the NFT virtual horse racing game Zed Run, which is currently ranked as the 26th most popular NFT collectible of all time, according to Crypto Slam.

But I never got back to him. I was too busy and it just slipped.

This missed opportunity could have fetched me over US$286,000! 🤯

According to NFT marketplace OpenSea, the Zed Run NFT with the highest last sale price sold for 110 Ethereum a few months ago. Back then, 100 ETH was worth a whopping US$424,820. Even though ETH has fallen, right now this horse is worth over US$286,000.

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What I realised after reflecting on this, is that no matter what the market does, or the timing, you need to look for those opportunities. 

Sometimes when markets come down, they actually reveal stronger opportunities. And right now is one of those times.

I missed the opportunity. And that's because I wasn't looking. I lost the chance because I was distracted by other things. I just wasn't open-minded about NFTs early enough and the market around that. I didn't have a clear intention. And that's what is required during these kinds of markets and that's what's needed here.

Now is that time to be clear with your intention. So given the market sentiment and right now, how do you handle that? And what should you think about? Well, whenever a market changes, there are always new opportunities. 

So keep your eyes open and take advantage of those because when things go down it means other things have moved, other things will go up.

If you take them, you win, otherwise, someone else will and that's what I didn't do. This is my mistake and I see what I've learned. My mind is open. And I'm taking on what the universe has to offer.

What is your conviction on this personally, as an individual? Anything you do, back yourself and your ideas, and that's what this market will test you on right now.



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I was honored to write my first blog post on Cointelegraph. It highlights Australia’s 12-step plan to create a crypto competitive edge, which could position the nation at the forefront of crypto investment globally.

The chair of the committee, Senator Andrew Bragg, believes that “Australia can be a leader in digital assets” and he’s confident that it can particularly “be competitive with Singapore, the UK and the US.”

There will no doubt be bumps along the way, but what is clear is that the world is changing. And we can no longer downplay how we approach digital assets.

Is Australia going to be the world leader as a crypto-friendly nation? I’ll be keeping a close eye on this space!



This year, I plan to meet as many entrepreneurs as possible. I’m moving forward with my eyes wide open and I’m manufacturing my own serendipity (I talk about this in Principle 5 of my book “Go Live! 10 Principles to Launch a Global Empire” – I still have signed copies available here!).

To those who have reached out to me, thank you! 🙏🏼 I’m working through the list to meet each and every one of you. If you haven’t yet and you’re keen to chat with me for a very intense 15 minutes, send me a DM or comment below 👇🏼




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Check out my online course “Go Live! With Fred Schebesta: How to Develop Your Business Idea” and I’ll take you through my proven process for launching businesses to success.


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Check out my new book, Go Live! 10 Principles to Launch a Global Empire.

Jam packed with 22 years of lessons, learnings, case studies, wins and falls, developed into 10 beliefs that I live by, it's how I've overcome 39 failed businesses, to building global fintech, Finder, into a half a billion dollar empire.