How long does it take to earn the first bucket of gold in the crypto world?
First, let's state the conclusion: it depends on fate. For instance, with this round of ARB, if you're quick, you could reach tens of millions in just two months.
Don't trade coins; hold a large position in Bitcoin and then participate in the development of the crypto world to keep making money.
The world is chaotic, with various asset fluctuations and changes in underlying logic. More and more people are recognizing that code is justice.
At the same time, this might be the biggest upward path for ordinary people in the crypto world, whether for large capital or small funds, there will be opportunities.
In the crypto world, I generally see two types of situations, but I still recommend that everyone choose the second type:
1. Instant wealth type (mostly dependent on fate):
This situation is similar to buying a lottery ticket; whether it's a copycat coin or a X125 contract, as long as you have good luck, nothing is impossible. However, I believe this answer lacks universality and practical value.
2. Stable development type (mostly dependent on effort):
This category requires you to invest a certain cost, but it is more feasible. Based on historical data, making hundreds of thousands should be relatively easy, a few million is also reasonable, and more depends on fate.
2.1. Take advantage of bonuses
With a small capital, your labor is your biggest leverage. It is advisable to spend some energy choosing stable bonuses from exchanges and other opportunities, as these have certainty and a shorter return period. You can also choose testnet projects, which have almost zero cost, but the output may not necessarily yield returns. It is not recommended to interact with on-chain bonuses, as paying 3000 might just cover the GAS fee, but there may still be no returns.
2.2. Play games
Currently, GAMEFI and NFTs still have relatively significant opportunities. Many projects will choose to offer free play opportunities, such as recently being able to stake in BIGTIME, and BNX can also lead to wealth just by holding the coin, as it is a favored project with generally stable income. If it's compounded, each project can yield returns of more than dozens of times, but the scale might be capped at A8.
2.3. Finally, start a project
Another viable option is to become a project party. If successful, it can lead to instant wealth, but due to comprehensive reasons such as policy, marketing, and technology, it is still worth trying. However, it also coexists with opportunities and risks.
In fact, in the circle, the main play is arbitrage, but this requires a certain amount of capital; it is also a low-risk process to gradually become wealthy.