These are the few types of people who can make money in the crypto space.
1, Spot trading volatility or long-term players.
Engaging in spot trading volatility, buying low and selling high, leveraging short-term market fluctuations to gain profits, commonly known as traders. Although high-frequency trading may yield some profits, it cannot achieve long-term upward gains.
For example, some early BTC players held a few BTC, but after selling when BTC dropped, they ended up with nothing. Now they watch helplessly as BTC is worth $120,000, and ordinary people find it very difficult to afford even one BTC.
If you are a long-term player holding BTC without selling, you can almost relax now. The short-term volatility of BTC is unpredictable.
2, Playing contracts can make money in the short term, but it will go to zero in the long term.
Some players in contracts may make quick money by leveraging to buy up or down, but most end up losing money in contracts.
Playing contracts is betting on upward or downward trends, but players easily fall into the FOMO emotions of price fluctuations and profits and losses, leading to emotional decision-making during contracts, preventing rational operations and market perspectives, ultimately resulting in total losses.
3, Players interacting on-chain earn profits through airdrop farming.
Currently, the airdrop market is sparse, with no profit expectations and very few players, but in the early days of the airdrop market, some people indeed became overnight millionaires through airdrop farming.
There may still be profits from airdrop farming now, but it requires a long time of interactive engagement, and the profits are filled with huge uncertainties.
The crypto space has passed the era where one could easily become rich overnight, but it still remains a relatively easy market to make money.
The crypto space has changed the fortunes and wealth acquisition methods of many people, and it is truly worth exploring, but the process from zero to making money is always very difficult at the start.
If you want to make money in the crypto space, you must first learn to endure hardship to find your million-dollar profit opportunity. Of course, you can also follow me for a quick understanding of the crypto space.
