These are the few types of people who can make money in the cryptocurrency space.
1, Spot volatility or long-term players.
Engage in spot volatility, buy low and sell high, and leverage short-term market fluctuations to earn profits, commonly known as traders. High-frequency trading may generate certain profits, but it cannot yield long-term gains.
For example, some early BTC players held several BTC, but after selling when BTC fell, they ended up losing everything. Now they helplessly watch BTC at $120,000, and it has become very difficult for ordinary people to buy even one BTC.
If you become a long-term player and hold onto BTC without selling, you can almost relax now. The short-term volatility of BTC is unpredictable.
2, Make short-term profits from contracts, but ultimately lose everything in the long run.
Some players who trade contracts may make quick money through leverage buying up or down, but most eventually lose money in contracts.
Trading contracts is a bet on the upward or downward trend, but players are easily caught up in the FOMO emotions of price fluctuations and profits and losses, leading them to act irrationally during the contract process, ultimately losing everything and exiting.
3, Players who interact on-chain and earn profits through grabbing airdrops.
Currently, the airdrop market is sparse, with no profit expectations, and players are very limited. However, in the early airdrop market, some people did indeed become overnight millionaires through airdrops.
There may still be profits in grabbing airdrops now, but it requires long periods of interaction, and the profits are filled with great uncertainty.
The era of easily becoming an overnight millionaire in the crypto space has passed, but it is still a relatively easy market to make money.
The cryptocurrency space has changed the fortunes and wealth acquisition methods of many people, and it is truly worth exploring. However, the journey from zero to making money will always start out very difficult.
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