Bitcoin has broken new highs, but everyone lacks the passion of the past and hasn't seen friends in the group sending red envelopes, so I speculate that during this round of the bull market, many people are still in a state of loss.

So today I am writing a popular science article:
(How to make money in the crypto world? What are the thresholds for making money in the crypto world?)

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There are many ways to make money in the crypto world, such as low-risk arbitrage, new coin activities, trading, regular investments, and holding coins. No matter your qualifications, there is always something suitable for you. For something to grow big, it must benefit a wide range of people. Simply put, its threshold must adapt to the capabilities of the majority, allowing various types of people to earn money, which is the prerequisite for expanding the cake.

Those who say that the crypto world is just a scam and that money can't be made fall into two categories: one is that they internally reject the crypto world, and the other is laziness (too lazy to learn, too lazy to engage with new things). That's it. There is no third outcome. This is based on their lack of a macro understanding of the crypto world. They still believe that the crypto world is just about scamming money and reject it.

For example, is dollar-cost averaging difficult? Just set up USDT, set the time, and then ignore everything else, buying automatically. Earning 50%, 100%, or 200% is just a matter of time. It may only require a bit of information threshold, such as how to download the exchange, how to buy USDT, and how to use a VPN.

Another example is the new coin activities on exchanges, wallet point accumulation activities (like Binance's ALPHA, BG's on-chain point activities), and airdrop activities for newcomers (BY's new user airdrop, BG's first on-chain trading activity for newcomers). These are things I've participated in; they are purely about physical effort and a slight information advantage.

I've summarized the thresholds for making money in the crypto world as technical thresholds and understanding thresholds.

The technical threshold refers to technical operations, such as being able to program and participate in various on-chain and exchange arbitrage as a scientist.

The understanding threshold refers to the difference in understanding the essence of things. Trading profits come from differences in understanding. A high understanding threshold allows one to quickly identify market pricing errors to capture profits.

These thresholds vary in height. For example, the price difference between contracts and spot on some exchanges is considered a very low understanding threshold; it's simply buying and selling the same thing at different prices for arbitrage, but the technical threshold is very high. This falls under low understanding threshold and high technical threshold. For instance, some VC coins hit exchanges with a market value of 500 million to 1 billion USD right from the start, along with continuously unlocking coins. This has a low technical threshold but a very high understanding threshold; you need to thoroughly understand the pricing logic of these coins from market information to quickly judge whether it's too high or low to capture understanding differences. If there is neither a technical threshold nor an understanding threshold, and you buy coins purely based on trust in what others say, the probability of making money is far lower than losing money. Think about it, if you've lost money in the crypto world, isn't this how it happened?

Personally, I lean towards continuously improving the understanding threshold because the technical threshold has significant limitations and is subject to various conditions. The understanding threshold is full of infinite possibilities, vast and boundless. To capture more money, you must put significant effort into the understanding threshold.

The understanding threshold comes from two methods: borrowing true for true and borrowing false for true.
As mentioned above, simply believing what others say and buying coins can easily lead to losses. This perspective is partially correct, but it depends on who those 'others' are. Money represents the truest intention because it includes the risk of losing their own money. The value of market assets is determined by the results of money voting. Prices of smaller assets can easily be manipulated, while those with extremely high market values have a high cost for long-term manipulation, leading to the conclusion that there is no manipulation. We must participate in games without manipulation to ensure as much fairness as possible. The 'others' mentioned above do not refer to a single person or a specific group, but to everyone in this circle who agrees and votes with their money. Clearly, BTC and ETH are the assets that have emerged from this money voting.
Therefore, if you configure correctly, at the right time, using the right methods to buy, without relying on subjective emotions to time the market, then there is a high probability of achieving a good outcome.
Don't be fooled by ETH's small increase now and the criticism from many people. Once the bull market peaks, its rise will definitely be on par with BTC. Its time just hasn't come yet. The reason is that ETH represents the use of blockchain; without it, migrating to other technologies or chains has too high a threshold.
Listen to the words of sincere people in this circle, take the most valuable coin, and this is the essence of borrowing true for false. It doesn't require you to have any other understanding to achieve this.

I know many people like to play with meme coins because they want to earn a bit more. To make money with this, you need to borrow false to seek the true. About 95% of those who play with altcoins are probably losing money. For the same asset, some people make money while others lose, which is simply a difference in understanding thresholds. Because they time the market. Timing people are doing what they cannot do to capture profits, while those who invest regularly know they cannot achieve the optimal price and give up to capture profits. Observing others making money while seeing themselves losing enough times, even someone with average qualifications will gradually conclude: There must be a problem with my buying method. This is the understanding of borrowing false for true.

The threshold of understanding is wide and boundless, but not deep. Once you achieve it, you can summarize methodologies that will help you overcome any obstacle. The condition for establishing a threshold of understanding is that you need to have thick skin, not getting knocked out during the process of borrowing false, and ultimately being free from attachment. Then you will definitely be able to make a comeback in the crypto world and earn enough money for your lifetime (which means earning money within your understanding).