There are many people who have made 10 million in the cryptocurrency circle. However, making 10 million by yourself and summarizing the methodology for ordinary people to make 10 million are two completely different things. The latter is obviously much more difficult.
In 2024, I started trading cryptocurrencies full-time. In 11 months, I made more than 10,000,000 yuan from 10,000 yuan today, which is a 1,000-fold increase in profit.
In the cryptocurrency world, if you want to truly achieve financial freedom and realize compound interest, methods and techniques as well as forming your own profit system are crucial!
Once you learn how to master it, the cryptocurrency world will be like your "cash machine", and making money will be as easy as breathing!
After more than 10 years of cryptocurrency trading, my road to wealth is summarized as follows:
The first ten million took the longest time and was the most painful. The trading system was constantly reshaped and polished, which took a year and a half.
The second 10 million took three months
The third 10 million took only 40 days
The fourth 10 million took only 5 days
75% of the funds were earned in half a year.
The thinking method is to break down 10 million into three 10 times, look for opportunities of corresponding magnitude in the first, second and third 10 times, and repeat the profitable operation 100 times in each 10 times.
So how do you make 10 million in the cryptocurrency world?
Let's start with a basic theorem:
In one's lifetime, one only needs to bet three ten-fold coins in a row.
Prepare 10,000 US dollars, which is not necessary for you
Then 10,000-100,000 100,000-1 million 1 million-10 million
10 million US dollars can basically be considered a small goal
If you don’t even have $10,000 in startup capital or if you think this $10,000 is dispensable to you
Then just work and study like crazy. Investing may not be for you yet.
Because your risk tolerance is too low at this time.
Once the all-in fails, it can be said that there is a high probability of failure, which will seriously affect your real life and the loss will outweigh the gain!
Don’t know what to study? English! Can’t find a job? Takeout!
If you only want 10 million RMB, then just change the unit, or scale it up or down. The principle is the same.
First of all, your current task is to find 3 "10x coins" in a row.
Why the quotation marks?
Because you don’t necessarily need coins here, you can have a lossless arbitrage opportunity, it can be DEFI mining, it can be local dog, it can be NFT, it can be any target...
Let's talk about it in detail:
The first 10 times 10,000-100,000 can be a very wide range
Liquidity is sufficient for most investments
The first thing you need to do is close your eyes and think carefully about which project was the most profitable or the one that you were most confident would make money from.
If this "money-making project" can be copied, repeat the money-making operation 100 times!
If you can't think of it, or haven't made your first pot of gold yet, then I personally think there are two best options at this stage.
1. Airdrop
As for how to take advantage of airdrops, since each project is different, everyone knows that this part of the cost is actually very low.
2. Try every possible means to get a popular NFT whitelist
The basic idea is to find popular projects to whitelist. You need to use some ingenuity. Small tricks are not excluded.
Don’t think it’s impossible and I really can’t do it. In fact, the better the project, the lower the threshold for ordinary people, but it requires energy to study and use your brain to innovate.
Most NFT projects support creation for free. The first person who came up with the idea of making a snowman was, if you are the bear project leader, I will make a bear, if you are a monkey, I will make a monkey, and the salted fish only costs a few dozen dollars.
The project will have various lucky draws, such as Twitter retweet lucky draws and discord lucky draws. Open a large number of small accounts to participate to increase your chances of winning.
Even the most primitive method is chatting. For a project like hape that is so difficult to get for free, several of my friends went there every day to check in and set the pace just like going to work. After mastering the "method", they all got free.
As long as you are willing to use your brain, there are always more solutions than problems.
But if you have no ideas and just want to follow the crowd, you really won’t be able to achieve anything.
The cost of this part depends on the project. The key is to choose the right project. If it is easy to do, it will still cost some money. 10,000 US dollars should be enough for the current market.
All content does not constitute any investment advice! Everyone needs to make decisions based on their own research and judgment.
3. Local dogs and contracts
This is not the best solution and is strongly discouraged. The reasons are well known and I won't go into details.
But if you are gifted, you can indeed earn a very high multiple in a very short period of time.
I won’t go into details for now, we can talk about it privately when we have the chance.
4. Participate in IDO, IEO, private placement, Coinlist public offering, etc.
The threshold for this part is actually quite high.
The current IDOs and IEOs in the public market all require the investment of principal, and there is a possibility that the principal loss will be higher than the profit.
It mainly depends on the project and luck. I will analyze this part based on specific projects later.
For the private placement part, we need help from a noble person.
If your friends work for big organizations, you can keep in touch with them frequently. If you come across a good project, they might bring you along.
The investment quota for institutional projects is very tight now, and they can invest a few thousand dollars or even tens of thousands of dollars.
Again, don’t invest blindly, you need to understand the project. It is recommended to go all in on reliable projects.
The simplest way of thinking is that investing in a project is investing in a person. If you don’t understand the project, you can look at whether the person is reliable. The projects of reliable people are generally reliable.
5. DEFI Mining
At present, there is basically no big profit margin for old mines.
New projects require constant attention.
The earlier you enter, the more opportunities you will have to make 10 times the profit.
Because the gameplay of each project is very different, I will not elaborate on it. There are different gameplay methods depending on the specific project.
Overall, the most important thing at this stage is to be able to endure loneliness.
Why? Because this part varies from person to person, and some people may take a long time to make a breakthrough.
Sometimes you may have to lose many times before you realize how to make money.
It is also possible that after some operation you will find that you are really not cut out for this.
If you are really lonely, you can find some like-minded people to accompany you.
It is important to exchange information and encourage each other.
Chat and communicate to find the person who is most compatible with you and has similar asset level to you, and achieve prosperity together.
After successfully getting your first 10x bonus, congratulations, you are very close to success.
The second step, from 100,000 to 1 million, can be done with the dumbest but very practical method, which is to repeat the first step 10 times.
Simple and crude but practical.
Take $100,000 and repeat the first step. For the remaining $90,000, you need to wait patiently for an opportunity.
Every year there are miracles happening in the market and magical coins appearing.
These coins all have a base price of 10 coins. Some even have a 100-fold increase. LINK, AAVE, YFI, AXS, LUNA, MATIC, BNB...
Your goal is to lock it in early, go all in, and sell at a high point.
It sounds hard, and it is damn hard to do. Almost impossible.
Let's put it simply. If a coin increases 10 times, after cutting off the beginning and the end, we want to get the 3-5 times increase in the middle. This is entirely possible.
This kind of coin will have a strong consensus, and as long as you are a little sensitive, you will definitely feel its popularity.
If it is a bull market, the market may rise by more than 2 times, and it will be easier for you to choose coins. You may just buy a coin that will increase tenfold.
If it is a bear market and everyone is falling, but there is a coin that keeps rising against the trend, I believe you will not be unaware of it.
After finding this coin, you need to develop a detailed strategy.
How to enter the market? Should I go all-in after the correction, make fixed investments, go all-in at the current price, or buy in batches?
Then if it is a mistake in judgment, when should I stop loss?
If it is a fake fall, should I still get on board? If the stock keeps rising without a correction, should I just rush in?
For problems like these, you need to think of a coping strategy in advance, and then get on the bus with confidence.
No matter how the market conditions change, you will be prepared.
This way you will be able to hold on to it for a long time and won’t be washed out by a small fluctuation.
Of course, some luck is also needed here. Good luck is also part of strength.
After completing the second step, the most urgent thing you need to do is to meditate.
Many people become arrogant after they make money.
Then I will play around and end up losing everything for myself.
Go back to step one and start over.
Therefore, at this stage, the most important thing is to overcome your inner desires and calm down, and then you can complete the final great task.
The third phase target is 1 million to 10 million. Although it is still a 10-fold increase, the difficulty is not a little bit greater.
I personally think that the luck factor at this stage is already very low.
The fact that you can achieve your goal demonstrates to a large extent that your cognition and abilities have reached a higher level.
To put it the other way around, you have to madly improve your cognition and knowledge level in order to achieve your goal.
You need to have a full understanding of the entire market, you need to have a strong learning ability, and have strong psychological qualities.
In order to achieve these goals, you need to keep learning and enriching yourself to make yourself stronger.
When your knowledge reserves and cognitive abilities break through that critical point, you will find that this stage is actually not very difficult.
The main goals at this stage should be on public chains, platform coins and emerging markets (such as NFT, WEB3, SocialFi, etc.).
The project you invest in needs to have a high ceiling, a lot of room for development, and it must also be integrated with the current environment.
Specifically, you may need to wait for an opportunity. Black swan events such as 312 and 519 will be the biggest opportunities.
You can take a small amount of money and repeat the first and second steps indefinitely, making money while learning and looking for your Stud goal.
Large funds can go to DeFi to find safe and stable mines for free, and the interest earned is also very attractive.
After finding your target, wait patiently for the opportunity to come.
You can make a fixed investment or buy in batches.
After buying, verify your logic. Because you are already very strong at this time, I think the winning rate will be very high.
The last step will be a long cycle, not something that will make you rich overnight.
So be prepared to make friends with time.
Of course, there are shortcuts for this part too.
The fastest way I know is to publish the project yourself... Those who understand should understand.
By using the simplest cryptocurrency trading method repeatedly, you can make tens of millions from 200,000. Do you dare to believe it?
Five years ago, I met a senior in Shanghai. He used the simplest method to easily withdraw more than 12 million yuan in the cryptocurrency circle. He taught us at the time that the truth is always simple. If you think too much about cryptocurrency trading, the more things you consider, the less accurate your judgment will be. Those who lose money trade in cryptocurrency in this way. If you want to make a profit, it is actually very simple. Just find a method that suits you and what you are good at, and do it repeatedly. Unknowingly, your account number will go up. The words of the senior at the time have always been engraved in my mind.
The method I used at that time is something I have used in practice. Compared with other methods on the market, it is indeed simpler and more practical. I will share this method with you below. As long as you can learn it, you can't make tens or hundreds of times as much as your predecessors, but at least you can make some pocket money.
Okay, without further ado, let’s get straight to the point. The method is very simple, you just need to remember the formula.
First, wait until the high and low are in order. When the market is in a sideways consolidation, it is best for us to wait and see, because after consolidation, the market will change. It is best for us to take action after a clear market appears.
Second, don’t be attached to hot positions. You should change your positions frequently. Do it from beginning to end. In the end, it will be nothing. All the hot positions in the short term are speculation. Once the heat is over, the funds will leave the market immediately. If you run slowly, you will be left alone. Disheveled in the wind.
Third, there is hope for a sharp rise in the upward gap. On the way up, the K line slowly rises, a high-opening positive line appears, and the volume is also enlarged, indicating that the market has entered an acceleration period. At this time, we must be patient and hold the ticket firmly, and there will be a big profit waiting for you later.
Fourth, don’t be attached to the huge positive line, and leave the market decisively at the end of the trading day. No matter whether it is at a high or low level, there will be a callback after the huge positive line appears, and you must leave the market even if it reaches the daily limit. Because we want to prevent profit retracement.
Fifth, if you buy the wrong line above the negative line, you must buy the positive line below the positive line, and if you sell the wrong line, you must sell it. The line here refers to the moving average or an important support or resistance level. Short-term players usually only look at the daily moving average and the daily attack line. I don’t like to drag things out. Short-term stocks are generally held for three days, no more than a week at most. Even if the future is good, it has nothing to do with me.
Sixth, don’t rush high, don’t sell, don’t dive, don’t buy, and stay sideways. This can be said to be the basic principle of survival in the cryptocurrency circle. If you want to survive in the cryptocurrency circle for a long time, you must take a small notebook to remember this sentence.
Seventh, before buying, be prepared first, and it is better to buy in less than more. No matter how confident you are, you cannot buy all your funds at once. Because in the cryptocurrency world, the only constant is change.
Ask yourself four questions before you start
1. What is the reason for buying?
2. What is your operation plan?
3. What will you do after the decline?
4. What is your next move after being trapped?
As long as you can anticipate everything and deal with the facts, you will be able to achieve stable profits.
After 10 years of cryptocurrency trading to support my family, I have summarized some experiences!
1. The most feared thing in the cryptocurrency circle is laziness. People are too lazy to transfer their coins to their wallets, too lazy to research projects, too lazy to learn. Diligence will eliminate all evils, but laziness will lead to chaos.
2. 99.99% of new concepts on the market have only one purpose: to trick you into buying in.
3. Unless absolutely necessary, do not trade over the counter.
4. If someone's profile picture is a handsome guy or a beautiful girl, and they show off their life and fitness in their friend circle, and they come to you to discuss contracts from time to time, they are 100% scammers. The correct way is to report and block them.
5. Remember, the coins only belong to you in cold wallets
6. The wealth codes recommended by others are all poison to your life
7. Except for Bitcoin, no other coin is worth all your investment
8. In the cryptocurrency world, there are many opportunities and scammers. How can you avoid the pitfalls? You can either spend money to step into the pits, or follow the experienced people to help you avoid the pits. But...how many experienced people still have a red heart?
9. Look at the essence of everything and don’t be fooled by the scripts designed by people in the open groups for idle chat. If the guide really makes money this way, I don’t think he will guide you... Think about the gambling back then.
10. Why is the price of the coin rising? It is not because the dealer is merciful, but because they are in urgent need of buying shares...
11. What color your heart is, that is the color of the cryptocurrency world. Being innocent when you are young is called cute, but being innocent when you grow up is called stupid, especially in the cryptocurrency world.
12. When the scammers are trying to PUA you, they usually tell you a bunch of things you don’t understand to scare you. For example, your card will be frozen nine times out of ten times you make withdrawals… and finally they try to sell you their own magical tool for making withdrawals.
13. Some things are clearer to bystanders, and some things are understood by people involved. We must stay away from those who advocate that the world can only be saved by "blockchain". True faith is rational and objective, not pyramid schemes.
14. Your mindset is crucial. If you cannot tolerate a 99% drop in the price of the currency, you naturally will not be able to enjoy a hundredfold profit.
15. The three most harmful addictions in the cryptocurrency world: contracts, short-term trading, and new listings
16. Hot coins are like roses with thorns. You can admire them from a distance but not touch them.
17. Stay away from people who talk about "essence", "trend", "next Bitcoin" and "bonus period" all the time.
People, get down to earth and save some big coins
18. Don’t be deceived by the dreams, future, trends, and patterns that the project owner talks about. His dream is simple: if you buy his coins, his dream will come true immediately.
19. The fastest way to trade in cryptocurrencies is to be down-to-earth, honestly hoard cryptocurrencies, and never question your own efforts, as that is the prerequisite for making great achievements.
The above is the trading experience that Fagen shared with you today. Many times, you lose a lot of opportunities to make money because of your doubts. You dare not try, contact, and understand boldly. How can you know the pros and cons? Only when you take the first step, you will know how to take the next step. A cup of warm tea, a suggestion, I am both a teacher and a friend who is good at talking to you.
Meeting is fate, knowing is destiny. The instructor firmly believes that if we are destined to meet, we will meet each other even if we are thousands of miles apart, but if we are not destined to meet, it is fate. The road of investment is long, and the temporary gains and losses are just the tip of the iceberg. You must know that a wise man will make a mistake, and a fool will make a gain. No matter how you feel, time will not stop because of you. Pick up the boredom in your heart, stand up again and get ready to move forward.
I am Fagen, who has experienced many rounds of bull and bear markets and has rich market experience in many financial fields. Dingding hang: zhangran72111 Here, penetrate the fog of information and discover the real market. Grasp more opportunities for wealth codes, discover truly valuable opportunities, and don't miss them and regret it!
It is better to teach a man how to fish than to give him a fish. Whether you are a novice or an expert in the cryptocurrency circle, you will not only gain financial benefits from Fagen, but also grow in investment knowledge and experience. In the process of following Fagen's investment, Fagen will not only provide investors with market analysis ideas, basic knowledge of market reading, and methods of using various investment tools, but also bring you wonderful fundamental interpretations, sorting out the chaotic international situation, and identification of various investment forces. Let you become both a winner and an expert in investment!
To be in the cryptocurrency market, you must master the seven major trading methods and be well versed in the investment advances and retreats, offense and defense, so that you can be as stable as a rock in the wind and turn danger into safety in the trap. Fa Gen has been in the market for many years and is well aware of the opportunities and traps. If your investment is not going well and you are unwilling to lose money, you can find Fa Gen, and I will correct your past; if you are profitable now, I will teach you how to keep your profit; if you are still lonely and confused in the market, the instructor is willing to guide you forward. The real tragedy of trading is not how much you suffer, but how many opportunities you miss! Seize the present and move forward hand in hand. I am Fa Gen, a person who will leave his name in the cryptocurrency circle in the future
Keep an eye on: $BTC
