1. The real difficulty level of 1 million RMB in the cryptocurrency world
Use data to dispel illusions:
- Hell mode: Enter with 5000 yuan, need to multiply by 200 (≈ Catch 3 hundredfold coins)
- Difficult mode: 50,000 yuan capital, need to multiply by 20 (≈ Heavy investment in SOL/DOGE during the 2021 bull market)
- Ordinary mode: 500,000 yuan capital, double it (≈ BTC rising from 16,000 to 45,000 in 2023)
- Simple model: 1 million capital, spot trading for 1x appreciation (≈ BTC breaking previous highs in 2024)
In the current market environment, **90% of wealth accumulation stories are survivor bias**. On-chain data shows that in 2023, contract traders had an average loss rate of 76%, while spot holders faced a loss rate of 42%.
2. Replicable practical paths (sorted by risk)
1. Compliance dividend flow (low risk)
- Exchange Launchpool: Stake BNB/FDUSD to mine new coins (e.g., ENA launching with over 150% APY in the first week)
- Compliance airdrop: Participate in ecosystem tasks on regulated platforms like Coinbase/OKX (Base chain interaction cost <100 yuan, potential airdrop valuation 30,000-100,000)
- ETF arbitrage: Use the premium of US stock BTC spot ETF for arbitrage (after the disappearance of Grayscale's GBTC discount, daily fluctuations of 1.2-3%)
2. On-chain data flow (medium risk)
- Smart money tracking: Use Nansen/Arkham to monitor whale addresses (a certain institutional wallet continuously bought before STRK went live, resulting in an 87% increase)
- MEV bots: Capture sandwich trading opportunities (a certain team tested with 2000U, achieving 600% returns in 3 months)
- Stablecoin strategy: Ethena's USDe annualized at 27%+ (must bear the risk of Luna-style collapse)
3. Derivative arbitrage flow (high risk)
- Inter-period arbitrage: BTC quarterly contracts have an annualized basis of about 15% (need to hedge against liquidation risks)
- Volatility harvesting: Sell puts when Deribit options IV exceeds 80% (over 30% profit in a single week in March 2024)
- Quantitative hedging: Neutral strategy annualized at 40-60% (a certain team used 1 million in capital, achieving monthly average returns of 50,000-80,000 through futures-spot arbitrage + grid trading)
(Our tested AI volatility prediction model achieved a 76% win rate in ETH perpetual contracts, but beware of black swan events)
3. The core formula for ordinary people to break through
Million earnings = (Cognitive difference × Capital efficiency) - Emotional loss
- Cognitive difference acquisition:
- Join 10 quality Alpha communities (recommend Mirror/Quest3 tweet authors)
- Daily scan for unusual movements in the top 300 coins on CoinMarketCap (focus on those with 24H trading volume suddenly increasing 3-5 times)
- Capital efficiency tools:
- Use Bybit Unified Account for margin reuse (leverage efficiency increased by 3 times)
- Deploy Python automation scripts to monitor gas fees (saving 30% on on-chain operation costs)
- Emotional management plan:
- Set a hard stop-loss line (mandatory disconnection for a single-day loss >5%)
- Use cold wallets to isolate 90% of capital (anti-fumble tool)
4. Three certain opportunities in 2024
1. RWA sector explosion: Tokens like Ondo/TRU collateralizing real assets (US Treasury yield penetration brings stable returns of 5-8%)
2. BTC ecosystem revival: STX/CKB and other L2 projects staking annualized over 20% (Ordinals protocol upgrade activates new scenarios)
3. AI + quantitative explosion:
- Use the TensorTrade framework to train LSTM prediction models (backtest ETH trend accuracy improved to 68%)
- Join Whale Alert and other data APIs to capture unusual movements in advance (a certain mining pool sent out 100,000 BTC with a 30-minute warning)
5. Blood and tears lessons: Avoid these three major traps
- ❌ Rug pull compounding trap: Claims "earn 1% daily, multiply by a thousand in three years", but in reality has a 99.9% chance of going to zero
- ❌ Fake exchange pig-butchering scheme: Falsifying non-main account rankings to induce deposits, requesting "unfreeze funds" during withdrawals
- ❌ Leveraged rolling positions addiction: A certain KOL live-streamed 10x leverage rolling positions, losing 2 million in 3 hours
Earning 1 million in the cryptocurrency world is essentially a cognitive monetization game. Instead of envying others' wealth secrets, it’s better to deepen two types of skills:
1. On-chain information processing speed (being 12 hours faster than the market is sufficient)
2. Strategy anti-fragility (arbitrage during crashes, not missing out during rallies)
