How to play in the cryptocurrency world to make money?

How to play in the cryptocurrency world to make money?

I think, first of all, you need to understand your position in the cryptocurrency world.

People in the cryptocurrency world can generally be divided into the following categories:

Old "grass" (referring to inexperienced investors), knows a little bit

These people basically have no chance of making money, why?

Because a full bottle is not as good as a half-full one.

They don't look at new concepts or research them, they can talk a lot, but in reality, they are always losing money and look down on newcomers. Just focusing on old coins makes it too difficult to get rich; this type of person is basically a typical example of someone who can't survive.

Old "grass", but with a mindset like a newcomer

This category is slightly stronger than the first category; they are more cautious and don't understand much but are willing to follow knowledgeable people to operate. They do what others do, reducing a lot of their own random thoughts. As long as they follow the right people, there is still a chance to make money.

Newcomer

Newcomers losing money is almost a necessary path. If they make money at the beginning, it could be disastrous later because what the cryptocurrency world needs are lessons learned from losing money. If you make a lot of money early on, you are likely to lose everything later. Without those lessons from losing money, you may find it very difficult to proceed.

There are also a few other typical ways to play:

Line goods players

Making money with line goods is relatively easier as long as you understand the rhythm of bull and bear markets. If you don't understand these concepts, it's easy to end up with nothing left.

Harmonious players

To be honest, 99% of harmonious players will end up losing money. Many people suffer on this path of harmony.

Primary market

The primary market may make you hear many stories of getting rich quickly, but the number of people who actually make money is small; most people are still scammed.

I think the key is still to understand the rhythm of bull and bear market transitions, play with line goods, and seize new concepts and new tracks. If you catch a wave of bull market, it’s basically enough to cover your costs.

Now, the first round of market upswing has ended, so when will the second round come? At this point, you need to pay attention to the trends of mainstream coins.