CZ became the richest person among Chinese in 4 years. Is it due to his own wisdom? It is also the result of the trend of the times and the choice of the industry.
VCs investing need to make money.
The project team needs to make money from the projects they develop.
Exchanges need to make money.
Big players need to make money.
Those who engage in short selling and arbitrage need to make money.
Hackers need to make money.
So have you ever thought about where the money comes from?
This circle is not like planting a seed in the ground, receiving sunlight and rain, and then getting a fruit that can be eaten or sold.
That is a gift from heaven, equivalent to creating something from nothing.
Assets in the cryptocurrency world do not generate any substantial returns; your profit comes from their losses, and their losses come from your profit.
In other words, the cryptocurrency world is only responsible for wealth transfer, just like the stock market, which is also a tool for wealth transfer. Only extremely good long-term existing companies are the creators of wealth value.
So all the people mentioned above need to make money, and it is evident that they can make money. We have nothing and enter this market.
It is actually very difficult for us to make money.
A very simple truth: they all make money this way, and whose money they earn is already clear to you. All of them are your enemies, while you, the ordinary person, are actually their prey.
I haven't heard of many retail investors reversing their fate through the cryptocurrency world. But I can certainly see that exchanges are very profitable.
At this point, we, the ordinary retail investors, have already lost. No matter how you play, this is an unfair game.
I obviously figured out this big trend problem a long time ago, so I never play with exchanges.
As for who has become wealthy and who has made tens of millions or even billions from which coin.
It's the same logic as seeing a lottery store's sign congratulating someone on winning 5 million in the grand prize.
Looking for a certain path to sudden wealth in an uncertain market is already wrong.
Only in a determined trend can one passively wait for the arrival of sudden wealth. It relies on trends that are the general direction of the market and the development of the industry itself.
And not what we think we have learned as some techniques. No matter how skilled, there will always be times of defeat.
We obviously cannot compete with these people, and we have no advantages.
Apart from buying and selling, we actually can't do anything.
And they can do many, many things.
You can only wield a hoe, while others have planes, cannons, and Gatling guns.
What basis do you have to outperform them? You can only survive and outlast their patience.
And then you win.
Believe me, there are really not many people making money in the cryptocurrency world.
And those who become rich are even fewer.
