How to choose a truly profitable method in the crypto world? Contracts or accumulating spot? If you want to earn 10 million in the crypto world, you must understand these principles! How ordinary people can achieve financial freedom.
Hello, everyone, I am Lao Xu. Today, let's chat for a while. Many friends often ask me how to make a fortune in the crypto world? In 2023, how can ordinary people quickly turn their fortunes around in the crypto world? Before we start today's video, let me tell you that if you are someone who expects to invest 100 yuan today and become rich tomorrow with 10,000 or 100,000 yuan, you should close this video immediately; this is really not suitable for you.
The most realistic problem in the crypto community is that this should be the only opportunity for the vast majority of us ordinary people to achieve a leap in life; there is no other. This is an opportunity bestowed upon us by the times. Now all industries and sectors have been monopolized by capital giants. If you want to leverage your skills and intelligence to unlock greater wealth opportunities, the chances are very, very low. Therefore, choice is more important than effort; getting up to work every day will not make you rich; it will only satisfy your basic needs.
What we do is to make small investments without big risks. The crypto world has given us this opportunity. Personally, I feel that the crypto world is the last chance for us poor people. So those who want to make money must seize this once-in-a-lifetime opportunity; this may be the only chance for ordinary folks to change their fate, and it may be fleeting. If you hang around the crypto world frequently, how can you avoid being scammed? There are particularly many opportunities to get rich in the crypto world, but of course, there are also many traps, especially with various experts competing, and there will certainly be no shortage of stories about getting rich overnight. Last year's Binance versus FTX event also took down quite a few big names, like the 90s genius with a curly, explosive hairstyle who met a tragic end, especially those who haven't even grown their hair yet or understand the ropes.
The first batch of people just entering the market saw one success story after another on TV or apps. They felt they were the protagonists of these stories, fantasizing about entering the market with 100 yuan and at least adding a few zeros later. For example, one person turned 30,000 yuan into 15 million in a month. Is that possible? Reality is harsh. If you have ever worked on a construction site, you know this is pure nonsense.
If you believe in movies, novels, and screenshots, you are not much different from those cute little ones. For ordinary people, it's really, really hard to get rich in the crypto world. Even if you are Sun Wukong coming down to earth, when you encounter a sickle, you will have to stretch your neck for them to cut. Recently, a very popular movie called 'Rampage' has a character named Gao Qiqiang, who only lives in a TV drama; in reality, you still have to kneel when necessary. Old friends know this. In my opinion, besides accumulating coins, everything else in the crypto world is a deviation. If you fail, it’s just a matter of time. Ordinary folks can save a little money every month, cut back on a pack of cigarettes, and join the crowd to accumulate coins. If you encounter someone trading contracts, just tell them to leave. If you meet someone doing private placement, tell them to leave. If you see someone trading short-term, tell them to leave. Besides accumulating coins, if you talk to me about anything else, you're just being a rogue.
So how do we accumulate coins in the crypto world? If you are a newcomer, just focus on Bitcoin. Don't listen to others talking nonsense about how this coin is a hundred times or even ten thousand times the value in the future; those things could be deadly. Of course, if you want to develop long-term in the crypto world, you must invest a little in altcoins and put most of your money into altcoins. How to choose altcoin assets and how to allocate them? When to build a position? When to exit? In the next video, I will explain in detail how you should operate if you have enough funds. If your funds are limited, how should you operate? In short, in the crypto world, if you are an ordinary person and want to make money, just accumulating coins is enough.
Recently, many new beginners have come in. There are always people better than you, and there are always new heights. One friend cashed out his house, bringing over 2000 W into the crypto world, and then specifically asked what coin to buy and how to invest. If you are a newcomer, just focus on Bitcoin. Trust me, holding Bitcoin today means you won't run out of Bitcoin tomorrow. If you want something a bit more thrilling, I suggest you take a little altcoin, but the proportion of Bitcoin must be the highest because it can save you in critical moments. Choosing altcoins is also a test of experience and market knowledge. If you can't do it, I suggest you give up. Many may ask, when I buy, when should I sell? Before answering, think carefully: has your family's ancestral grave ever smoked? Has your ancestor ever produced a prime minister or a general? Has your ancestor ever kicked Ultraman or punched Sun Wukong? If none of these apply, it means you don't have good ancestors to bless you in making money in the crypto world.
You need to let go of a certain mindset: the belief that you can buy at the bottom and sell at the highest point. If you can finish building your position in a bear market, you can outperform 99% of people, provided that the coin you buy does not go to zero. In other words, if you buy in a bear market, any time you sell during a bull market is fine. The most scientific method is to buy 40% at your psychological price, then increase your position when the price drops, lowering your cost. Buy heavily during big drops, and buy lightly during small drops. Some may say, if it goes up and you don't buy, you won't lose money anyway since we have 40% of our base position. What are we worried about? When the bull market comes, we can sell.
Selling and buying is the same principle; we all need to place orders in batches. 40% at your psychological price level, and then slowly sell the rest. There may be recognition, and some may ask when the bull market will come. Don't worry; the news media will tell you when it happens. There will be a flood of news saying how much Bitcoin has broken through, creating historical highs, and so on. Next, let me give some advice and opinions to newcomers.
My seven iron rules for accumulating coins: The first is fixed investment; holding coins is king. Invest a fixed amount without unlimited additions. Why fixed amounts? Many people, once they enter the market, especially during a crash, like to go all in. We must prohibit such gambling behavior for a simple reason: the market is never short of opportunities. What we need to do is to broaden our vision and cultivate our own systematic mindset to coexist with the market. Our ultimate goal is to become regular players, not just random amateurs or bandits. Remember, your position is that of an investor, not a speculator.
The second point is mindset. First, based on your own funds and thinking, choose some coins, buy and hold without looking back. Don't think you can buy at the bottom, and don't think about staring at the market every day. What we need to do is to watch and learn more; only by watching and learning can we earn more. The third point is to improve your allocation. Never over-invest; spread your investments based on your preferences. No single coin is worth heavy investment, except Bitcoin. In each field, we should invest a little, spreading it out. As for which coins to choose, my personal suggestion is to choose the leaders in each sector according to your preferences, such as AI, privacy, storage, and so on. The fourth point is that after making a profit, we must first take out our principal to ensure we don't lose it. When you exit, don’t hesitate. The fifth point is that holding coins is king; persistence has multiple values. Not all valuable coins need to be fully held; you can mix them according to your strength. However, once you choose, don’t hesitate or regret. We just need to hold firmly. The sixth point is not to chase highs and sell lows. When you really can't help it, stop looking at the market and the news. You can just uninstall the software. The best mindset for a trader is to buy and hold, then wait patiently. The seventh point is risk control. We must have a sense of awe towards this investment; we need to be cautious when making moves. Invest with spare money; never borrow money to invest. Short-term profits can be sought but are rare. Of course, we must never gamble. The so-called 'if you lose, you go back to work' is just empty talk.
Still, the same saying: if you don't know what to do in a bull market, click on the crypto hero avatar, follow, and get free shares on spot planning and contract strategies.
