In the European and American regions, by Tate, Iman, Lukeblemar
Those internet marketing or personal branding masters
Slowly bringing people into the crypto space
From Iman's assets, most are cryptocurrencies and watches
Tate says he has a thousand BTC
Lukeblemar directly started a free community
These marketing gurus are slowly introducing these things
Through massive online traffic
Delving into the realities of teenagers
To be honest, there are pros and cons
Just like the young people entering the market
Some really get rich, earning millions of dollars
Through this round of meme coin trends
Following smart money, joining alpha groups
Participating in early narratives
Or judging narratives
And using on-chain tools to find the traces of whales
Indeed, there are people in this market who can make money
But it might only be 10%
In the crypto space, there are so-called Degen plays and Beta plays
The most stable Beta play is to earn money during cycles
The crypto space has fixed bull and bear transition cycles
Beta is also the safest way to make money by buying the dip in a bear market
In a bull market, sell in batches
And earn interest in exchanges or financial tools
Or yield farming, for example, Binance alpha
Can be considered a game that everyone can play
But of course, the more people play, the less profit there will be
This type of play is also the most suitable for the masses
Next is the Degen play
A zero-sum game where nine die for every one that lives
The last person standing
Usually has extreme luck
Or has extreme talent
But usually, those who engage in Degen plays
Will eventually see their assets go to zero
But this is also the belonging of most people
Using contracts as gambling
Using meme coins as lottery
This type of play
Requires finding systematic opportunities from emotional events
This is nearly impossible for ordinary people to achieve
Going against human nature sounds simple
But it is really difficult to execute
But along the way, I've really seen too many friends under 30
Getting rich, like when Trump took office, a friend went long on Dogecoin
Earning over 8 million, now he’s basically retired from the space
I've also seen people lose their entire fortune with high leverage
Investing hundreds of thousands into Squirrel Coin
Or shorting Bitcoin with high leverage
Some are logical
Some are illogical
This market is really crazy
But it’s the reality of cutthroat competition
Like Texas Hold'em and a real game between dealers and retail investors
Of course, I also dislike binary thinking
In the crypto space, besides Degen and Beta plays
There is also another group of people, and that is arbitrageurs
