Just entered the crypto world? Want to get rich quick? You must know these truths!
Friends, did you rush into the crypto world after hearing too many stories of friends getting rich? Let me pour some cold water on you—losing money is the norm in the crypto world; occasionally hearing about someone making a hundred thousand or two? That's just survivor bias! Ask those around you who are really involved, how many haven't been cut like chives?
Phase One: Don't hesitate to pay tuition; surviving is the most important!
The standard operation in the newbie village: going all-in as soon as you enter, only to be taught a lesson by the market. Especially for those with little capital, losing money can hurt even more. But there are truly talented people who can achieve victory in their first battle; these people either have experts guiding them or are gifted players. For us ordinary folks, let's honestly prepare to be the chives in the first cycle!
Truth about getting rich: Starting from a million, it takes at least 3-5 years!
Seeing people flaunt tenfold or hundredfold returns during a bull market? Don't be envious! They might have been in the crypto world for three to five years. The real threshold for 'getting rich' in the crypto world is at the million or ten-million level; those who make a little money aren't worth mentioning. Remember: without three to five years of experience, don’t fantasize about financial freedom!
Phase Two: Connections are money; hoarding coins is the way to go!
Those who survive the first cycle and are still at the table are considered truly in the industry. At this point, quickly do two things: 1. Build connections (join core social groups, mix in circles of big shots) 2. Start hoarding coins + engage in low-cost arbitrage. Investing 50,000 in the first cycle to become 100,000? In the second phase, it might directly multiply tenfold or hundredfold! The myth of wealth creation in the crypto world is meant for those who can endure.
Survival guide: Spend money to buy experience; find the right docks!
Exploring on your own is certainly fine, but the information gap can kill you! If you really want to level up quickly, spend money to learn and treat others to meals. By the time you mix into the third cycle, you can make money while lying down—just associating with a project can yield returns in the millions; that's the magic of compound interest in the crypto world!
Lastly, here's a hard truth:
Even if you're currently earning 5,000 a month, in the crypto race, the next cycle could directly lead to a comeback! But the premise is: let go of the fantasy of getting rich quickly, and right now, go expand your connections!
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