A true story of a friend around me.
He is a working-class individual with only a few thousand yuan in salary each month, not knowing what to do, just going to work every day, with a future full of confusion until he came into contact with the crypto world.
At first, he was like many people, misled by the hype of altcoins.
I remember the crash on May 19 that year; he lost a whole 3,000 yuan, leaving him at a loss. He had no idea what to do next.
Later, he tried to participate in a public offering on CoinList but encountered sellers running away, resulting in a loss of 2,000 yuan. In those six months, not only did I not make money, but I also suffered continuous losses, which made me start to doubt the correctness of this path, even delaying my studies.
Until one time, I participated in an airdrop on the decentralized contract platform DYDX and received tens of thousands of tokens, which amazed him. So he decided to develop in the direction of airdrops. Although he didn’t have enough capital at first, he was not discouraged. He began to participate in various low-cost airdrop projects such as Matcha, Slingshot, Clipper, Superfluid, etc. Although some projects have yet to airdrop, he did not give up.
Later, when the news of the airdrop from Ethereum's layer 2 protocol, Optimism, came out, I received 2,496 OP tokens, selling them for 20,000 yuan, with a cost of only 50 USD. This gave me a taste of airdrops, so I continued to work in this direction. During the summer vacation, I learned to drive while participating in interactions with projects like ZKSync, ZigZag, Argent, Rabbit, Safe, etc., striving to accumulate experience.
As time goes by, I continue to participate in various airdrop projects, including the airdrop of Aptos, a Layer1 project developed by the Facebook team based on the Move language, and the airdrop of Ethereum's Layer2 solution Arbitrum. I also interacted with 100 accounts on the Sui network's testnet. All these efforts finally paid off at some point in 2023, and I earned less than 20,000.
However, the real gains came later. When the exchange ZigZag announced the airdrop on ZKSync 1.0, I received the ZZ tokens from the airdrop and made 40,000 after selling them. Then, after Arbitrum announced their airdrop, I made another 160,000. I constantly learn and participate, accumulating wealth bit by bit.
In the following time, I continued to consolidate LayerZero and Starknet, and also opened a new account to participate in the airdrop of ZKSync. Both my time and financial costs are enormous, but I remain persistent. Until recently, Starknet Foundation announced that a snapshot had been taken, and on Valentine's Day, they revealed the results of the airdrop. Although I lost the qualification for 150 accounts due to insufficient account balance, the remaining 50 accounts received 45,000 STRK tokens, currently valued at 680,000.
It is now April 2024, and I have been in the crypto world for three years, starting with 5,000 yuan, going through countless hardships and efforts, and finally earning my first one million. This is not only the accumulation of wealth but also the result of my relentless exploration and struggle over the past three years.
Additionally, I will share several commonly used methods for making stable profits in the crypto world.
These several ways of making money seem very simple and easy to do, but when you actually try, it may not be that simple. According to statistics, very few people in the crypto world can achieve all these points simultaneously, and those who do usually make money.
These four methods are progressive. The first is relatively easy to achieve, the second has the highest returns, the third has the highest threshold, and from now on it will only get higher. The last one is the hardest to achieve, and those who succeed will almost all become rich.
Okay, let's first talk about the first method, which is dollar-cost averaging: a foolproof investment method that almost everyone in the crypto world knows. It seems simple, but very few can stick with it.
The first method of dollar-cost averaging: I did a public dollar-cost averaging in 2018, with returns over 500%. Although this time I only invested four times over two months, I just calculated my total investment was 31,828 USD, with total earnings of 11,253 USD; the overall return rate has reached 35%, and this is just the earnings over two months.
This return is much more stable than the short-term trading and contracts of 90% of people in the crypto world. Plus, I sleep soundly.
The second type of investment is investing in yourself: what does it mean to value investing in yourself? It means constantly updating your understanding every day. In the crypto world, a day for others is a year for us. We need to view this world with a developing perspective; the world is changing, and the crypto world is changing, so our understanding must change too. How specifically can you invest in yourself?
Let me recommend a book, just a book that changed the trajectory of my life. The book is called 'Atomic Habits.' What are atomic habits? If you want to get fit, just do one push-up every day, just one. When you first set goals, make sure they are low, reachable with just an arm's stretch, and then do it every day. First, establish a habit because humans are creatures of habit. 70% of our behaviors in life are governed by habits.
For example, regarding my podcasting, at first, I set a requirement of just 1 minute for myself, with content unrestricted; anything could do, even reading a text. Later, after persisting for a few months, I upgraded to 3 minutes, then 5 minutes, 8 minutes, and now I can talk for hours during a live stream without issue. Four years later, Himalaya has witnessed my growth; this is atomic habit. Starting today, you can also set an atomic habit for yourself, such as reading a page of a book every day or recording 15 seconds of Douyin. Don’t demand quality; quality will naturally result after your quantity reaches a certain level. Quantity can lead to quality.
The third type: I just checked the returns; the 588 I listed on August 6 last year has already returned 600%. Considering the machine's residual value, that's a profit of 7 times, and today, September 10, it has only been 13 months.
The 5700 listed last November has already yielded a profit of 300%, and considering the machine's residual value, the profit is over four times.
The 588 listed in January this year has also returned 210%, and considering the machine's residual value, it has more than 3 times the profit after 8 months. These are real data, and over 1,000 partners have witnessed them together.
The fourth type is long-term holding of Bitcoin and Ethereum, which very few can achieve. Only 9% can do it. Of course, more aggressive investors can buy some small coins and hold them long-term. From this year onward, the crypto world is no longer dominated by Bitcoin and Ethereum; in the next bull market, I am confident that another coin will surpass Bitcoin in market value.
So, you can also select 2-3 small coins for long-term holding. In the future, I will also choose a few to put in our paid group.
Some people say, what is the difference between long-term holding and dollar-cost averaging? The difference is significant. Long-term holding is only suitable for seasoned investors who have a long-term positive outlook on Bitcoin and Ethereum's value and can endure loneliness. If you are a new investor, just entering the crypto world, this method of making money may not be suitable for you, because the volatility in the crypto world is too great. A crash can throw you off the train.
Where do we say the difficulty of long-term holding lies? It lies in the countless times you will hear attacks on Bitcoin and Ethereum's business in the future. These voices may come from mainstream media or authoritative experts, and they often sound quite reasonable. During this process, you will repeatedly doubt whether your decision was correct.
Especially when the price of a single coin plummets, you will repeatedly ask yourself this question and have significant doubts about yourself. If your long-term decision to hold Bitcoin was made impulsively after listening to my show, you are likely to not be able to hold on, and you might even sell during a crash one night. When you review, you will find that a shocking coincidence occurred: why do I always buy at the highest point and sell at the lowest point?
Because your understanding is insufficient. If you have done well in the first three points—dollar-cost averaging, investing in yourself, and mining—the fourth step will naturally follow without effort.
Why is that?
Because dollar-cost averaging reduces your risk, continuously learning will continually improve your understanding. Mining provides stable cash flow. For example, if you have 10 machines of 5700, the daily net profit is over 1,000 yuan, with monthly expenses of 30,000 yuan. If you are not excessively luxurious, it should generally be enough. Therefore, with mining machines, you won’t be forced to sell coins due to life issues. This way, you can achieve long-term holding.
It can be seen that long-term holding requires not only credit but also strategy and a stable source of income.
If you want to seize this bull market, learning on the spot is definitely too late; it's best if someone can guide you quickly.
I'm primarily a blogger focused on freshness.
It’s better to teach a person to fish than to give them a fish.
Still, the same saying: if you don't know what to do in a bull market, click on my profile, follow me for spot market planning, contract passwords, and free sharing.
I need followers; you need references. Guessing is not as good as following.
