A few days ago, I chatted with a netizen who was mining. He said that there are two types of small retail investors who make money in the cryptocurrency circle. One type is those who hoard mainstream coins such as Bitcoin for a long time, and the other type is miners. As for those who play with contracts and swings, they are basically dead.
As for mining, if you know how to get mining machines and mine hosting, and you can sell the machines at the beginning of the bull market, it is equivalent to buying a call option at the beginning of the bull market. However, this is not something that can be done with small money. For rich people to do this, you have to know and control the materials yourself. If you can meet all the conditions I mentioned above, you can make money.
Today, a netizen added me. I sent him basic information about the cryptocurrency circle. He said he wanted to learn from Chuanmu and make his way from 500U to 1 millionU. He looked down on arbitrage and short selling. I could only wish him a sudden wealth. I definitely don't have the ability to do this. I can only watch others get rich.
I put all these factors together, and the truth about making money by speculating in cryptocurrencies is actually a bet on these four words: “who is not greedy?”
There is no conspiracy theory in my worldview of the cryptocurrency circle, and I never think about conspiracy theories, such as why the dealer releases certain news, which coin friend is insider trading and should not be bought, etc. It is meaningless to think about these things that cannot be done.
I always take a realistic point of view. As for the cryptocurrency trading business, I believe that in a bull market, as long as you are not greedy and earn what you deserve, you can make money.
What is the part that should be earned? That is the profit of the entire market, which is the part that everyone should earn.
The money earned is from market liquidity, which, to put it bluntly, is given by the market.
The other excess returns are brought to you by your professional knowledge + research depth + luck.
You don't buy Bitcoin and Ethereum, you don't have the patience and feel that a 5-fold increase in one cycle is too slow, you just want to go for a local dog, and want more after you make money, that is greed.
When someone tells you with certainty that a certain coin is good, you take out a loan and sell your house and car to buy it, hoping to make a complete comeback in a bull market. This is just greed.
You don't care about the 1-2 points of profit from arbitrage, the hundreds or thousands of U earned from short selling, and the profits from hot concept coins in small trends. You just want to get dozens of times the profit in one go, which is even more greedy.
You see that Bitcoin King Tony the Mage has made hundreds of millions through contracts, and you are also ready to use 5,000U to play contracts to copy their miracles. This is greed.
The game is about who is not greedy, and those who are not greedy can make money.
Actually, I didn’t play with meme coins before, but in the past two years I have a new understanding that we are here to make money, not to be loyal.
We should not impose some extremely correct values on ourselves to constrain our thoughts.
It is wrong to say that you can't sell something when you want to make money but are afraid to take the risk.
Or maybe they just want to maintain their integrity. They are afraid that meme players will make more money than them too quickly, and they are also greedy because they are afraid that others will be better than them.
Many people actually can't tell the difference, and they are confused in their minds, and end up losing all their money without knowing it. They didn't make what they should have made, and lost what they shouldn't have lost.
The key to meme is not to be greedy. In fact, most of the coins in the cryptocurrency circle are meme coins. No matter how good the story is, I think a useless coin is a meme coin.
It’s just that many coins have become project coins after being fitted with concepts, but there are more and more smart people. Project coins have benchmarks and their space has self-limitation in the industry. Meme coins have no benchmarks and cannot be valued. It all depends on emotions and hype.
The best product in the world is a dream. The dream of getting rich is the most powerful product in the dream series, because everyone really needs it. Coin is the most efficient product in the dream series. And mem coin sells the simple and efficient dream of getting rich.
Selling clothes, food, or anything else is nothing compared to selling the dream of getting rich.
In the cryptocurrency world, people actually make you believe many things that don’t exist, and buy into them. This basically makes things happen. They copy the things that persuade you to buy into the cryptocurrency. They connect these people with stories, and in the end, the non-greedy people make money, while the greedy people lose a lot. This is how memes are played.
Many people say that meme coins are a scam right from the start, just because they lost money playing memes. This statement is very one-sided. In fact, many projects are pure scams. Some of them are broken halfway through, but I think most projects are just because the project owners are not capable of doing well and have died in the competition. Some have risen. For example, if you have made tens of millions on pepe, would you still say that pepe is a pure scam? Some people bought at the peak of the bull market and never rose back in the end, so they said it was a scam. That is the result of greed. Because they didn't want to buy at the beginning, they bought it when it rose. What else is this if not greed? They only want to be greedy for profits but refuse any risks.
The key to making money by playing memes is not to be greedy.
There are only two kinds of coins in the currency circle, one is Bitcoin and the other is other coins. Bitcoin is used for hoarding, while other coins are for speculation. Who wouldn’t be greedy to speculate?
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