In the crypto space, there are indeed some astonishing wealth stories, with many achieving wealth growth from thousands to millions or even higher through precise operations and timing. Here is a textbook-style miracle case:
Textbook-style miracle case
The protagonist of the story started with 500 yuan, and through a series of precise operations on May 21, 2021, earned 1 million yuan. This process involved trading BSV (the hard fork of Bitcoin Cash), and the specific steps are as follows:
Seize the opportunity: When the news broke that the U.S. Copyright Office granted Craig Wright proof of authorship for the Bitcoin white paper and code, BSV surged 50% on exchanges. The protagonist immediately bought in, using 528 yuan to purchase 75 USDT, and leveraged 100 times to go long on BSV at a price of 120 dollars.
Timely profit-taking and counter trading: When BSV rose to 158 dollars, the protagonist successfully earned 70,000 yuan. Although most people might stop at this point, the protagonist, with a keen market intuition, quickly shorted BSV at 150 dollars, earning another 300,000 yuan from this operation.
Sustained profits and risks: After earning 300,000 yuan, the protagonist was not satisfied and continued to leverage long, correctly timing the market again, ultimately reaching a profit of 1 million yuan.
Other real cases
The thousandfold miracle of SHIB: In August 2020, the SHIB token launched at a very low price. In October 2021, the SHIB price peaked at 0.00008 dollars, with an increase of up to 800,000 times. However, in this case, there were fewer than 1000 early buying addresses, and most holders bought at high prices, ultimately causing the price to drop back close to zero.
Personal experience: Another investor started with 3000 yuan and made a maximum profit of 800,000 yuan, but eventually lost 260,000 yuan. This reflects that in the crypto space, while there are opportunities for huge profits, there are also extremely high risks.
The difficulty of earning 1 million
In the crypto space, earning 1 million yuan is not easy and requires specific conditions and luck. The difficulty varies based on different strategies and market conditions:
Hitting the trend: Like seizing the opportunity with inscriptions and meme coins, this kind of chance is hard to replicate, mainly relying on random luck and market dynamics.
Gambling (high leverage operation): Although it can bring huge returns in the short term, high leverage carries extremely high risks, and most people may end up losing everything.
Airdrop trading: Through execution and betting on the right projects, some can earn millions through airdrops, but this requires strong execution capabilities, investment research skills, and technical knowledge.
High-frequency trading in the primary market: Trading in the primary market requires extremely high market sensitivity and skills, suitable for specific traders.
Path for ordinary investors:
Regular investment in Bitcoin or Ethereum: Long-term regular investment, such as 3000 yuan per month, may reach 1 million after 10 years.
Seize the bull market: Invest 50,000 yuan during a bull market, and it may sell at a peak to reach 1 million.
Bet on a hundredfold coin: Like SHIB, but the risk is extremely high, with a 99.9% chance of going to zero.
