Acai tells you that it is not easy to achieve financial freedom in the cryptocurrency world, but there are ways for some people to achieve this goal. Here are some feasible strategies and key factors:
1. Earned from hoarding coins
Long-term holding: Choose promising cryptocurrencies such as Bitcoin and Ethereum and hold them for the long term, using time to realize appreciation.
Unconsciously hoarding coins: Although this involves an element of luck, there are occasions when forgotten coins greatly appreciate in value due to market fluctuations.
2. Earn money from airdrops
Participate in airdrops: Take advantage of projects that issue airdrops and earn extra cryptocurrencies by holding specific tokens or participating in specific events.
Batch airdrops: Use technical means or participate in gold-farming guilds to obtain airdrops in batches, but be aware of the risks.
3. Earn money by playing games
GameFi: Participate in blockchain games, earn game tokens through in-game economic activities, and then sell them for profit.
Early entry: Entering the game or platform in its early stages to gain high returns at a lower cost.
4. Earn money by playing level 1
Participate in ICO/IEO: Invest in the initial stage of token issuance and earn the difference by taking advantage of price fluctuations.
Selected projects: Select potential projects, such as SHIB, DOGEKING, etc., to achieve high returns through early investment.
5. Earn from trading
Trend trading: follow market trends and conduct medium-term strategy trading rather than high-frequency trading.
Black Swan Events: Be sensitive to the market and seize opportunities brought by unexpected events, such as shorting LUNA.
6. Earn from exchange invitation rebates
Recommended registration: Get rebates by inviting others to register on the exchange, which can generate stable income through long-term accumulation.
Choose carefully: avoid recommending fake exchanges to ensure the safety of your funds.
Common traits
Early entry: Seize early opportunities such as airdrops, game gold farming, etc.
Market sensitivity: Keep a close eye on market trends and react quickly to market conditions.
Don’t be greedy: Stay rational, avoid over-trading, and exit the market in time after setting target returns.
Specific implementation path
Trading techniques: Master basic market analysis skills and understand trend trading without complex indicators.
Trading mentality: stay calm, don’t be greedy, don’t panic, and avoid frequent trading.
Fund management: Allocate funds reasonably, avoid large losses, and be content with a small fortune.
Long-term planning: consider multiple bull markets and accumulate wealth through more than two cycles.
Learning and practice: Continuously learn new trading strategies and market knowledge, practice and adjust.
Important Tips
Risk warning: There are high risks in the cryptocurrency world. Any investment should be made with caution and avoid blindly following the trend.
Continuous learning: The market changes rapidly, and continuous learning and adapting to new environments are key.
Mental Preparation: Be mentally prepared to deal with market volatility and uncertainty.
In short, achieving financial freedom in the cryptocurrency world requires a combination of strategy, market sensitivity, mindset adjustment, and continuous learning, while remaining rational and avoiding greed and fear. It is possible to achieve this goal through reasonable planning and long-term efforts.
Ordinary people do three things well:
① Do not borrow money to trade cryptocurrencies
② Dispersed storage of assets
③ Don’t panic when the price drops, and don’t get carried away when the price rises
The rest will be left to time!
To make money, you need to follow others. Newcomers are not familiar with the situation, so just look at who makes more money and then follow closely.
If you are still confused in the cryptocurrency circle and don’t know how to make money?
Please discuss and exchange ideas in the comment area, Brother Cai will answer your questions one-on-one!
