1. First Stage: Initial entry into the crypto world.
When you first enter the crypto world, you should start with a small amount of funds to test the waters.
First, buy Bitcoin and Ethereum, and slowly understand the impact of leading coins rising or falling on the entire cryptocurrency market.
At this time you might make money, but don't get carried away.
Making money at the beginning of the market often leads to losses later.
At this time you might be losing money, but you are lucky.
Because you only have a very small position and came to the crypto world to test the waters early.
You still have large funds that have not entered.
As someone new to the crypto world, you might feel that the fluctuations of cryptocurrencies are much more stimulating than traditional financial markets like stocks.
At this time, be sure to stabilize your mindset and not get carried away.
2. Second Stage: Slowly exploring.
At this point, you have gradually begun to understand the gameplay of the crypto world.
You will browse Weibo to see analyses from big influencers.
You will come to Zhihu to ask questions (make sure to follow Bu Yi on Zhihu).
You will follow major bloggers on Twitter and see their analyses.
Gradually, you will have a better understanding of terms like NFT, DeFi, LSD, airdrops, contracts, and so on.
At this time, you can increase the funds you invest in the crypto world.
Try buying altcoins and other cryptocurrencies besides Bitcoin and Ethereum.
But be sure to pay attention that your positions in Bitcoin and Ethereum must exceed more than half of all your positions!
So in the second stage, what you should do most is to check the views of major Web3 bloggers on Weibo, Zhihu, and Twitter.
Continuous learning, growing slowly from a novice, is the only way to continuously make money in this field.
3. Third Stage: Gradually obsessed.
At this stage, you will hear many people in the circle making big money through various means.
This relies on contracts to go long or short, earning however many times.
This relies on airdrops from dozens of accounts to earn a certain amount.
That relies on blockchain games to make money, and then bought an Audi A8.
Then you will feel tempted, and you will think about trying it out.
Since you don't understand, you will think about trying everything.
Then you will find that you have lost a lot.
I missed the airdrop, the blockchain games have fallen again, and the contracts have been liquidated.
At this point, you will gradually understand the importance of specialization.
4. Fourth Stage: Focus on one or two fields.
As mentioned above, the result of trying to play everything is that you will lose money.
Then you will gradually specialize in one or two areas.
Like Bu Yi, who is best at controlling cycles, analyzing on-chain data, and ambushing altcoins.
I will focus on doing these things well and share them for everyone's reference.
If you want to develop sustainably in the crypto world and continuously earn profits,
So don't expect to catch every hot trend.
When you see others making money wildly, don't feel anxious.
Continue to stick to your area, occasionally use small funds to chase trends.
If you can do this, you will definitely be able to sustain profits in the crypto world!
One last point: when entering the crypto world, you can open contracts, but it's best not to exceed 10x! Otherwise, the final outcome will definitely be liquidation!
