How can newcomers in the cryptocurrency world earn their first pot of gold? 4-stage strategy
How can a newcomer in the cryptocurrency world turn 3000 yuan into their first pot of gold? Here is a detailed strategy:
1️⃣ Beginner Stage (3000-100,000 USD):
📚 Learn more, take more action. Engage in airdrops for core DeFi projects and mint whitelists for popular NFT projects.
🕒 This stage requires spending a lot of time gathering information, analyzing, researching, and judging potential projects. Execution must be strong, and persistence is key in taking advantage of opportunities.
2️⃣ Growth Stage (100,000-1,000,000 USD):
🚫 Do not use leverage for trading cryptocurrencies, do not engage in contracts. On new public chains and L2s, find potential projects following the time machine principle, acquire tokens at low prices; discover your tenfold coin.
3️⃣ Mature Stage (1,000,000-10,000,000 USD):
💼 Choose your base currency, such as BTC or ETH, and conduct in-depth research; trade appropriately, do not short, do not short! Flexibly use low-leverage DeFi lending protocols to improve capital utilization.
🔄 You can use platforms like dYdX to trade while also obtaining token rewards. Observe more, take arbitrage opportunities, stick to your base currency, and pursue the growth of your base currency.
🏆 Do not be greedy by participating in every hot trend, earning every penny; obtain stable cash flow through arbitrage, staking, etc., maintain a stable mindset, and remain calm.
4️⃣ Advanced Stage (10,000,000-100,000,000 USD):
🏠 Once your assets exceed a small target, improve the lives of your family, read more, exercise more, and change your personal awareness and social circle.
💪 Hold onto core assets, avoid major pitfalls, pursue low-risk stable appreciation and good cash flow. Do not engage in contracts, do not start a business, and be cautious to avoid pitfalls.
💰 Maintain a certain amount of base currency assets to avoid being left empty-handed. Maintain a certain amount of stablecoin assets to secure stable cash flow. At the same time, be prepared to handle unexpected situations in life, allowing you to buy the dips during market crashes.
🚀 Invest 10-15% of your assets into sectors you believe in, giving yourself something to do while also preventing reckless behavior.
Looking forward to achieving the next 10x growth together with everyone!
