Generally speaking, there are three ways to play. First, buy spot assets. As an old-timer in the crypto world, I can honestly tell you that in crypto, to make money, you must remember that slow is fast, and fast is slow. In other words, do less short-term trading. Or you could be a coin hoarder; in the early days, Li Xiaolai was a coin hoarder. The safest bets are Bitcoin and Ethereum, especially Bitcoin. No matter how much it drops, in the next bull market, it will come back and break new highs. As for altcoins, holding them for years carries significant risks. They are highly volatile, and the key is that many altcoins drop and never recover. The volatility in crypto is much greater than in the stock market. With this in mind, you might think that swing trading should work, right? But in reality, making money is not as easy as it seems. Those who do swing trading might make some small profits in sideways markets, but very few people ultimately make big money through short-term trading. In any market, the ones who really make big money rely on one-sided trend markets; it either keeps rising or keeps falling. Let me tell you a story that is full of tears. A few years ago, I bought a coin called Future Coin. At that time, I knew there would be an airdrop in the future, and it would definitely rise. The airdrop tokens were on a platform with futures priced at over ten yuan each. I knew that futures prices are very speculative. Also, at that time, after the 94 incident, many altcoins were down, and Future Coin's price was around 30 cents. I bought some and held for a month. That month was agonizing, fluctuating between 30 to 35 cents, and I didn’t swing trade. Suddenly, one day, Future Coin skyrocketed to 50 cents, and I quickly sold half, feeling great about swing trading. Then, within two hours, it rose to 60 cents, and I sold the remaining half. It broke 70 cents, and I sold everything. After holding for less than two months, I made a few dozen points and felt quite satisfied and a bit smug. However, my happiness didn’t last long; the feeling of missing out on getting rich made me uncomfortable—this coin slowly became 1 yuan within a week, which was a bit sad. 2 yuan, I wish I had held on. 3 yuan, surely it’s going to drop now? Damn? 5 yuan, why did I sell when it rose so much? If I had held on, it would have been several times my investment. As I recall, this coin eventually peaked at nearly 9 yuan, and it might have even reached over ten yuan on some trading platforms. I regretted it so much; if I hadn’t sold, I would have already made enough for a house. I slapped my thigh until it hurt. A few months earlier, I had bought a small Ant Coin for a few yuan, and it peaked at 89 yuan, but I didn’t sell. After the 94 incident, it dropped to over twenty yuan, and I finally sold it for over 30. Then, one or two months after the 94 incident, the crypto bull market exploded again, and this coin shot up from several dozen yuan to over a thousand yuan in a month. There was a news meme in the crypto world about someone who bought Ant Coin and went to jail for three months after a fight, only to come out and find out he was a millionaire. Second, trading futures contracts. There are some gifted players, traders who can excel at contracts. This is similar to studying; it requires talent, and sometimes luck and mindset. The most typical example is Liang Xi, who made over ten million in a day by trading high-leverage contracts starting with over a thousand yuan, but he is now bankrupt. Earlier, there were even rumors that he drank pesticides and ended up in ICU, which is quite tragic. To know if you are suited to this profession, you can only find out through practice. Third, chasing airdrops. Finally, there’s chasing airdrops in the crypto world, which is like spending money to experience a project’s product and being a real user. When the project releases tokens for exchange, there may be airdrop rewards. This is akin to a level 1.5 market. Projects that have raised tens of millions or even hundreds of millions of dollars, once they release airdrops, can yield returns ranging from ten to hundreds of times the money spent. Like early UNI, where a single account that used it once received an airdrop equivalent to a new iPhone, as well as last year’s OP and this year’s ARB, an account could receive anywhere from a few thousand to over a hundred thousand. Due to the significant wealth creation effect, airdrops are becoming increasingly competitive. I am doing several relatively certain projects like LayerZero, ZKS, and Stark, but looking at the data rankings, leaving a few dozen yuan in an ARB account and trading a few times could still yield thousands in airdrops, which is very competitive. Chasing airdrops costs time, and losses? Not much; at worst, you just don’t get the tokens and get a backlash. Including fund consumption, you could lose around 10 to 20 points, which is better than losing in the big A. The third method is still the most stable; it just has a long return cycle, ranging from a few months to one or two years, essentially trading time for money. I am Mr. Lu, an old crypto investor. If you are currently confused and directionless in trading, give me a follow and tap my profile to help you get back on track. #Should PI go live on Binance? #FTX compensation #SOL trend analysis
