In the crypto world, how can you make a fortune? How can ordinary people quickly turn their fortunes around and earn big money?
Last time I shared practical tips about national currency +, today I will continue discussing two money-making paths suitable for ordinary people: coin accumulation and airdrops +, along with a few others.
Specific airdrop cases to help everyone avoid detours.
In the crypto world, how can you make a fortune? How can ordinary people quickly turn their fortunes around and earn big money?
In the crypto world: The last chance for ordinary people to reverse their fate.
The crypto world may be the only chance for ordinary people to "overtake on a curve" in their lifetime. Why? Various industries have been monopolized by capital, and opportunities to leverage technology and intellect to create wealth are extremely rare. Choice is more important than effort; working hard can only solve basic needs and will never make you wealthy.
The crypto world provides us with a stage for "small bets for big rewards." I even feel this is the last chance for the poor to turn their fortunes around, fleeting and possibly gone if missed.
But don’t rejoice too early. While there are many opportunities in the crypto world, there are also many traps. Various "experts" compete, and stories of getting rich abound, but more often people get crushed. During the previous Binance vs. FTX battle, many big names fell, including the 'God of Coins' from the '90s who tragically lost everything. Newcomers suffer the most, seeing examples of "losers making a comeback" on TV and apps, they think they are the chosen ones, fantasizing about turning 100 into 1 million. It sounds great, but if you’ve worked hard, you know it’s all nonsense. In reality, the high-profile figures only exist in dramas, and in the crypto world, you still have to kneel when needed.
Path 1: National currency, the way for ordinary people.
In my view, national currency in the crypto world is the most reliable path for ordinary people to make money, while most others are dubious paths that, if not handled well, will lead to failure. Use spare money to hold coins, and don’t mess around. Newcomers should focus on Bitcoin +; so-called "hundred-fold coins" and "thousand-fold coins" are traps designed to cut lives short.
For long-term development, you can slightly allocate some altcoins, but Bitcoin must have the highest proportion. How to accumulate? The core is regular investment, holding coins is key. Don't go all in, don't borrow money, don't gamble recklessly. There are many market opportunities, keep your eyes on the long term. Here are my "Seven Iron Rules for National Currency":
1. Regular investment, no all-in bets: No matter how good the opportunity, don’t bet everything; going all-in during a crash is a major taboo. Cultivate a systematic mindset and dance with the market like a regular army, not a bandit.
2. Mindset first, buy and hold: Choose the right market, and don’t look back after buying. Don’t fantasize about timing the market perfectly, obsessively watching prices will only drive you crazy. Learn more, read more.
3. Increase allocation, diversify: Don’t heavily invest in any coin (except Bitcoin). Choose the leaders in each sector and spread your investments.
4. Take profits first and recoup your principal: Once you make money, take back your principal and secure your gains without hesitation.
5. Stay committed, have confidence: Choose valuable coins and hold them firmly. Don’t regret, don’t hesitate, long-term holding is the way.
6. Don’t chase highs and sell lows: Can’t resist the urge to chase? Uninstall the software, don’t look at the market or news, buy and hold, and patiently wait.
7. Risk control: Maintain a sense of awe towards investments, act cautiously, only use spare money, and never borrow. Short-term profits are hard to come by, and reckless gambling is a big no-no.
When to buy? Build your position in the market, add to your position when it's low. Start with 40% of your funds, buy more during major dips, and buy less during small dips. Don’t chase after it rises; with your base position in hand, what’s there to fear? When the bull market arrives, the news will flood saying "Bitcoin hits a new all-time high"; sell in batches, starting with 40% at your psychological price, and slowly place orders for the rest.
Path 2: Airdrops
Besides holding coins, airdrops are another way for ordinary people to make money, especially for those with little capital. An airdrop is when a project team distributes tokens for free, usually to promote the project and attract users. However, airdrops also come with risks, such as projects running away, tokens becoming worthless, or falling for scams, so it's important to be vigilant.
The benefit of airdrops is the low entry barrier, making it accessible for ordinary people. The downside is that returns are unstable; you might spend time and get nothing or receive tokens that are worthless. But if you choose the right projects, you could earn dozens or even hundreds of times your investment.
Here are a few specific airdrop cases:
Case 1: Uniswap + (2020)
Uniswap is the leader of decentralized exchanges. In September 2020, when it launched the governance token UNI, it conducted a classic airdrop. Anyone who had used Uniswap for trading or providing liquidity before September 1, 2020, could claim at least 400 UNI for free. At that time, 400 UNI was worth about $1,200, and later, UNI peaked at over $40, valued at $16,000. How to participate? You only needed to have swapped tokens or deposited funds on Uniswap; the airdrop would automatically be sent to your wallet. This type of airdrop is called "retroactive" (backward-looking), rewarding early users, reminding us to frequently use reliable DeFi protocols, as you might be surprised one day.
Case 2: Notcoin + (2024)
Notcoin is a Telegram-based blockchain game project that became popular globally in early 2024 through a "click mining" airdrop. Users play simple games in Telegram, click the screen to earn points, which can be exchanged for NOT tokens. There is no technical barrier, and ordinary people can accumulate a lot of points in a few days. After the airdrop ends, NOT is listed on exchanges, and early participants earned hundreds to thousands of dollars. How to participate? Join the project's Telegram group, follow the instructions to play games, accumulate points, and exchange for tokens during the airdrop. This type of airdrop is suitable for beginners with time but no funds, earning by putting in effort.
Case 3: Optimism + (2022)
Optimism is a Layer 2 network for Ethereum. When it launched the OP token in 2022, it conducted an airdrop. Users who had made transactions, provided liquidity, or participated in the testnet on the Optimism mainnet could claim OP tokens. Some early users received tokens worth thousands of dollars, and later the OP price increased several times. How to participate? At that time, you needed to make transactions on Optimism (such as cross-chain transfers or swapping tokens) or participate in testnet tasks. This type of airdrop is suitable for those willing to spend some gas fees and actively participate in Layer 2 projects.
Case 4: Bored Ape Yacht Club + (2021)
NFT airdrops are also very popular. Bored Ape Yacht Club airdropped Mutant Serum to all BAYC NFT holders in 2021. Holders could use the serum to "mutate" their original BAYC NFT into a Mutant Ape NFT, worth thousands to tens of thousands of dollars. How to participate? Hold BAYC NFTs to automatically receive the serum. This type of airdrop is suitable for NFT players, reminding us that holding quality NFTs may bring unexpected rewards.
How to find reliable airdrops?
If you want to participate in airdrops, you need to learn how to find projects. Here are a few tips:
Follow reliable platforms: Use websites like defilama, DappRadar, rootdata, etc.
Join the community: Follow the project’s official accounts on X, Telegram, and Discord, where airdrop information is released first.
Beware of scams: Don’t click on unknown links and don’t disclose your private keys.
Do your homework: Research the project's background, white paper, and team to see if it has real potential.
Network with others: Enter the circles of experts, communicate more with experienced group members; going solo doesn’t work. The crypto world has changed, but opportunities still exist.
The current crypto world is no longer the era of chaos. Old money bands together; their principal amounts are in the hundreds of millions, satisfied with 20%-50% gains. But if your principal is only 10,000 or 100,000, to multiply it several times, you can only rely on national coins and airdrops. National currency is for long-term strategies, allowing market positioning and harvesting during bull markets; airdrops are short-term opportunities with low-cost trial and error - hitting the right one can yield returns. In practical operations, focus on Bitcoin as the main asset and altcoins as supplements, selecting the leading projects in each sector. For airdrops, try more reliable projects and ensure wallet security. If funds are limited, focus on Bitcoin and free airdrops; if funds are ample, you can diversify your investments. If you want to learn more about altcoin selection, asset allocation, and timing for buying and selling, follow me for a detailed discussion in the next issue.
In conclusion, I have fans who went all in on a house, investing over 20 million in cryptocurrency, asking me what to buy and how to invest.
I only say: Newcomers should focus on Bitcoin, if you want excitement, allocate some altcoins, play with airdrops, but Bitcoin should have the highest proportion. Choose quality projects for airdrops.
The crypto world is both an opportunity and a trap; if you want to reverse your fate, first control your actions and keep a steady mind.
