Velásquez participated in the 2004 Olympics at the age of 20 at featherweight but lost his first match to Edvaldo Oliveira of Brazil, by decision (43-43;countback). He qualified for the Olympic Games by ending up in second place at the 1st AIBA American 2004 Olympic Qualifying Tournament in Tijuana, Mexico.\n', '

At the 2006 Central American and Caribbean Games, he defeated Marlon Almagro (Venezuela), upset Olympic champion Yuriorkis Gamboa 10:7 in the semifinals and won Gold against Ronald de la Rosa (Dominican Republic).\n', '

Velásquez turned pro for promoter Luis de Cubas and Shelly Finkel and won his first 12 fights.\n', '

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