Author: (Shen Yu, Co-founder of F2Pool & Cobo)
The author divides the entire process into the following four major stages:
1. Within $100,000 (56.3% believe this stage is the hardest! La Fei also agrees!)
2. $100,000 - $1 million
3. $1 million - $10 million
4. $10 million - $100 million
First Stage: Time for Money Stage -- within $100,000
Key Point: High execution, participate in airdrops, and take advantage of opportunities.
Participate in airdrops for core track DeFi projects.
Participate in minting whitelist for popular NFT projects.
This stage requires a lot of time to gather information, analyze, research, judge potential projects, and strong execution is essential. Perseverance in seizing opportunities is crucial.
Second Stage: High Growth Stage -- $100,000 ~ $1 million
Key Point: Do not leverage, do not play contracts, and find tenfold coins on new public chains and L2.
Do not leverage to trade coins, do not play contracts;
On new public chains and L2, find potential projects according to the time machine principle and acquire chips at low prices.
Find your own tenfold coin.
Off-topic: The KOL attention ranking of AICoin (which can be added to the K-line chart) is developed based on the ideas of the first and second stages, paying attention to projects that KOLs focus on may save us a lot of detours and time, like the original SOL.
Third Stage: Stable Cash Flow Stage -- $1 million ~ $10 million
Key Point: Avoid frequent trading, avoid shorting; trade appropriately, observe more, arbitrage more, and adhere to coin-based principles.
Choose your coin-based asset such as BTC or ETH, and conduct in-depth research.
Trade appropriately, do not short, do not short, do not short.
Flexibly use low-leverage DeFi lending protocols to improve capital utilization; platforms like dydx can be used to trade while also earning token rewards.
Observe more, arbitrage more, adhere to coin-based principles, and pursue growth in coin-based terms.
Don't be greedy to participate in every hot topic, earn every penny, and obtain stable cash flow through arbitrage staking, etc.
Maintain a stable mindset, take it easy; whether wealth levels can break through depends on time and industry development.
Fourth Stage: Asset Protection Stage -- $10 million ~ $100 million
Key Point: Improve your life, invest 10-15% of your assets, avoid contracts, and avoid starting a business.
Once your assets exceed a small target, improve your family's life, read more, exercise more, and change your personal mindset and social circle.
Pursue low-risk stable appreciation and good cash flow, while holding core assets and avoiding major pitfalls.
Do not play contracts, do not start a business, and pay attention to avoid pitfalls.
Maintain a certain amount of coin-based assets without missing opportunities.
Maintain a certain amount of stablecoin assets to obtain stable cash flow, while also being prepared for unexpected situations in life, so that when there is a crash, you can buy the dip.
Invest 10-15% of your assets in the sectors you are optimistic about, keep yourself busy, while also preventing yourself from making reckless trades.
In the end, the original capital grew from $1,000 to $10,000; although it was tiring, the difficulty was not very high. The difficult part is for users who grow from $10,000 to $200,000, as this group is also where he sees the most bankrupt users and the most wealthy users, because this group tends to be the most gambling-prone. So there is no standard answer, it can only be evaluated by oneself.
