It’s very simple; many answers are mostly nonsense, like what to buy in January, what to buy in February. Then you will have a million. The key issue is not what to buy, but in this crypto market where you can easily earn ten times during a bull market, how do you get your first 100,000? That is the key.
When we are short on money, it is precisely labor that can quickly double our assets in a short time, rather than relying on capital to gamble and win multiple times in succession; that opportunity is too slim. For example, if you say you currently have 10,000 and if your monthly salary can earn you 10,000, it means your net worth doubles in a month, which is certain. If you don’t choose the right coin, you may not only fail to earn 10,000 but may instead lose that 10,000. So at this time, making money outside the market is what we need to focus on. Our task in these few months is to save money; everything else is a side issue. Try to earn as much as possible and spend as little as possible. After work, look for part-time jobs, be a ride-hailing driver, deliver food, or set up stalls without limits. You must fill your 16 hours of time; don’t complain about being tired, as all this hardship is what you must endure because you have wasted too much time before.
Ensure that you have an income of between 10,000 to 15,000 in a month. If it’s tiring, so be it. After six months to a year, you should have around 100,000 RMB in hand. At this point, the key comes: don’t hesitate to convert everything to U (of course, gradually changing it during this process is also okay). Choose a good coin among the best options, and then just wait. Wait for what? Wait for a panic low point. What is a panic low point? Refer to the market on the morning of August 5, 2024: the market drops - the bearish candlestick becomes larger - the trading volume increases - and finally accelerates into a crash (stop-loss liquidation leads to a chain collapse). For specific real market references, you can look at BTC's daily drop of more than 10%, ETH's drop of over 15%, and many altcoins dropping over 20%. At this moment, don’t hesitate. No matter how chaotic the market is, just go all in on the spot market. If it continues to accelerate at this time, it should be an epic black swan event. This is the opportunity given to you by the heavens: current price -30%-50%, leverage 1x to long in coin position, build positions in batches (ensure safety). Once you have bought, your task is complete; the rest is to forget about it.
When the people around you come to ask you which coin can make money, or when a distant relative recommends a certain air coin to you, open the exchange and gradually take profits from your positions. At this point, you should largely have assets exceeding 1 million.
The story can come to a pause here, but the problems are also obvious. If you want to earn a million in one year, it first shows that you are at least not a grounded person. This could lead to the first step not going smoothly. It is likely that in reality, you are the type of person who does not work hard, slacks off at work, plays games and scrolls Douyin after work, and then fantasizes about getting rich overnight. If that’s the case, I feel it’s necessary to advise you to step back; many things are not as simple as we imagine. Second: As a newcomer, how to choose an excellent coin among the best? This is also very difficult. You don’t know what is good to a large extent, and picking the best among the good becomes even harder. At this point, you can only rely on external help; whether you can find a reliable person to guide you becomes crucial. Third: When a real crash happens, and everything is in ruins, when everyone wants to jump off a building, do you dare to take action? Or in other words, when the older generation tells you to buy, do you dare to buy? Fourth: If you end up being trapped, will you still trust unconditionally, and will you persist in the path you have chosen?
What you gain on paper will always feel shallow. First, it’s hard for ordinary people to work tirelessly for six months; it’s the kind of hard work without any rest time, just like how Musk started his business, working for yourself, sleeping only a few hours a day, just to gain that little bit of time, working for several years. Second: It’s hard to find a reliable person willing to guide you. Or even if you filter through big data based on your preferences, it’s also hard to meet such a person. The most common thing should be to teach you how to trade or how to avoid liquidation. Third: When the opportunity truly comes, you may not dare to take action or place heavy bets because most people will be terrified. Fourth: Unconditionally believe in the path you have chosen, even if you lose, you must have the determination to see it through.
If you can achieve the above every day, then congratulations, you have a high chance of completing the feat of turning zero into a million within a year. The future is bright, but the road is twisted. I’ve said what I wanted to say, and I hope you can be completely free by the age of 25.
Finally, thank you for watching. Follow Yan Zong so you won’t get lost! I hope to use the experiences and lessons I have accumulated in the crypto world over the years to help you take fewer detours and double your assets!
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