Shen Yu, whose real name is Mao Shixing, is known in the community as 'Rainbow Fish'. He is a post-90s individual. He entered the digital currency field in 2011, and by 2013, at the age of 23, he chose to drop out of graduate school, subsequently establishing one of the earliest Bitcoin and Litecoin mining pools, F2Pool, which has gradually developed into the largest comprehensive mining pool in the world. Shen Yu is a tech geek with a deep understanding and passion for blockchain technology, having previously written many tutorials, leading numerous early domestic miners to participate in related affairs.
The following is advice from Shen Yu, study it carefully
1, within 100,000 dollars
Learn more, take action. Collect airdrops from core DeFi projects, apply for whitelists to mint popular NFT projects, this stage requires a lot of time to gather information, analyze, research, and judge potential projects, execution must be strong, and persistently farm.
2, 100,000 - 1 million dollars
Do not trade cryptocurrencies with leverage, do not play contracts. Find potential projects on new public chains and L2 according to the time machine principle, acquire chips at a low price; find your tenfold coin.
3, 1 million - 10 million dollars
Choose your coin-based values like BTC or ETH, study deeply; trade appropriately, do not short, do not short, do not short! Flexibly use low-leverage DeFi lending protocols to improve capital utilization, platforms like dydx can be used to trade while receiving token rewards.
Observe more, arbitrage more, insist on coin-based values, pursue growth in coin-based values; do not be greedy to participate in every hotspot, earn every penny, obtain stable cash flow through arbitrage, Staking, etc., maintain a stable mindset, remain indifferent, whether wealth levels can break through is left to time and industry development.
4, 10 million - 100 million dollars
Once assets exceed a small target, improve family living standards, read more, exercise more, change personal cognition and social circles, hold core assets, pursue low-risk stable appreciation and good cash flow without stepping into big pitfalls. Do not play contracts, do not start a business, and be careful to avoid pitfalls. Maintain a certain amount of coin-based assets to avoid missing opportunities, and maintain a certain amount of stablecoin assets to obtain stable cash flow. At the same time, respond to unexpected situations in life, and have bullets ready to buy the dip during plummets. Invest 10-15% of assets into the sectors you believe in, keep yourself busy, while also preventing yourself from making impulsive decisions.
Shen Yu's investment advice is to adopt different strategies based on different asset scales and risk preferences. His advice can be summarized as follows:
Within 100,000 dollars: Learn more, take action, collect airdrops, apply for whitelists, find potential projects, and improve capital utilization.
100,000 - 1 million dollars: Do not trade cryptocurrencies with leverage, do not play contracts, find your own coin-based values, acquire chips at a low price, find your own tenfold coin.
1 million - 10 million dollars: Do not short, flexibly use low-leverage DeFi lending protocols, observe more, arbitrage more, insist on coin-based values, pursue growth in coin-based values, and obtain stable cash flow through arbitrage, Staking, etc.
10 million - 100 million dollars: Improve your life, read more, exercise more, change cognition and social circles, hold core assets, avoid big pitfalls, pursue low-risk stable appreciation and good cash flow, do not play contracts, do not start a business, be careful to avoid pitfalls, maintain a certain amount of coin-based assets and stablecoin assets, and invest a portion of assets into sectors you believe in.
Strengthen learning, enhance cognition, do not fear corrections #Crypto market corrections, #DeFi hotspots Any hotspot is an opportunity, opportunities are never lacking, you must strictly adhere to discipline and endure loneliness. Victory will ultimately belong to us! Firmly optimistic about $BNB $BTC $ETH, I will continue to increase my position when I have money.