Many people have made $10,000,000 in the crypto space. However, making $10,000,000 yourself and summarizing a methodology for ordinary people to make $10,000,000 are completely different matters, and the latter is clearly much harder.
The thinking method is to break down 10 million into three 10x opportunities, find corresponding opportunities for the first, second, and third 10x, and replicate the profitable operations 100 times in each 10x. I think these ideas are very practical and effective.
So how to make $10,000,000 in the crypto world?
First, let's establish a basic theorem:
In a person's life, they only need to continuously all-in on three tenfold coins.
Prepare $10,000, which is discretionary funds for you.
Then $1,000 to $10,000, $100,000 to $1,000,000.
$10,000,000 can basically be considered a small goal.
If you don't have the $10,000 startup capital or if this $10,000 is not discretionary for you.
Then work and study hard; investment may not be suitable for you.
Because at this time, your risk tolerance is too low.
Once you all-in fails, it can be said that the probability of failure is very high and will severely affect your real life, making it not worth it!
Don't know what to learn? English! Can't find a job? Food delivery!
If you are only satisfied with wanting 10 million RMB, then just change the unit or scale freely. The principle is the same.
Your current task is to continuously find 3 '10x coins.'
Why quote it in quotes?
Because here it doesn't necessarily have to be a coin, it can be a risk-free arbitrage opportunity, DEFI mining, meme coins, NFTs, or any target.
Let's talk about it specifically below:
The first 10x range of $10,000 to $100,000 can be very broad.
For most investment targets, liquidity is usually sufficient.
The first thing you need to do is close your eyes and recall which projects made you the most money or which ones you had the most confidence in.
If this 'money-making project' can be replicated, then repeat the profitable operation 100 times!
If you can't think of it or haven't earned your first bucket of gold, I personally think the best options at this stage are two.
1. Grab airdrops.
As for how to grab airdrops, because each project is different, essentially everyone knows that this part of the cost is actually very low.
2. Find ways to get on popular NFT whitelists
The basic idea is to find popular projects to grind for whitelists. It requires some cleverness, and small tricks are also not excluded.
Don't just hear it and think it won't work; I'm really not capable of that. In fact, the higher the quality of the project, the lower the threshold for ordinary people, but it requires effort to study and innovate.
Most NFT projects support creation for whitelists. The earliest idea was to stack snowmen; if you're a bear project party, I'll stack a bear; if you're a monkey, I'll stack a monkey. A salted fish only costs a few dozen dollars.
Project parties will have various lotteries, Twitter retweet lotteries, and Discord lotteries. Create numerous small accounts to increase your chances of winning.
Even the most primitive method, chatting. For difficult projects like hape, I have several friends who, like going to work, clock in daily to keep the rhythm. After mastering the 'method,' they all got whitelists.
As long as you are willing to think, there are always more solutions than difficulties.
But if you have no ideas and just want to follow the crowd, you indeed won't achieve much.
The cost of this part depends on the project, the key is to focus on the project. If you want to create multiple accounts, it still requires some cost. $10,000 should be sufficient for the current market.
All content does not constitute any investment advice! Everyone needs to make their own research and judgment to make decisions.
3. Meme coins and contracts
This is not the best option and is strongly discouraged. The reasons are well-known, so I won't elaborate.
But if you have exceptional talent, you can indeed earn a high multiple in a very short time.
Not expanding on this for now; we can discuss it separately when there's a chance.
4. Participate in IDOs, IEOs, private placements, Coinlist public offerings, etc.
This part has a relatively high threshold.
Currently, public market IDOs and IEOs require capital investment, and there is a possibility that the capital loss could exceed the profit.
It mainly depends on the project and luck. This part will have detailed project-specific analysis later.
The private placement part requires the help of benefactors.
If you have friends working in large institutions, you can maintain contact often. If a good project arises, maybe they will bring you along to success.
Currently, institutional investment in projects is also tight; even a few thousand or ten thousand dollars can be invested.
Still, it's not random investment; you need to understand the project. For reliable projects, it's advisable to go all in.
The simplest idea is that investing in projects means investing in people. If you can't understand the project, look at whether the person is reliable. Reliable people's projects are generally also reliable.
5. DEFI mining
Currently, old mines basically don't have much profit space.
You need to continuously pay attention to new projects.
The earlier you enter, the more 10x opportunities there will be.
Because each project has very different gameplay, I won't elaborate. Different projects have different ways to play.
Overall, the most important point in this stage is to endure loneliness.
Why? Because this part varies from person to person, some people take a long time to make breakthroughs.
Sometimes you may have to lose many times to realize how to make money.
It may also be that after a round of operations, you realize you are really not cut out for this.
If you're really lonely, you can find some like-minded people to join you.
It's important to communicate and encourage each other.
Chat and communicate to find someone who resonates with you, with a similar asset level, for mutual prosperity.
After successfully eating the first 10x dividend, congratulations, you are very close to success.
Step two is from $100,000 to $1,000,000, using the simplest but practical method, which is to repeat the first step 10 times.
Simple and straightforward but practical.
$100,000, take $10,000 to repeat the first step. You need to patiently wait for the remaining $90,000. Wait for an opportunity.
Every year, miracles happen in the market, and there will always be magical coins appearing.
These coins all have a base increase of 10 times. Some even reach 100 times. LINK, AAVE, YFI, AXS, LUNA, MATIC, BNB...
And your goal is to lock it in advance. Go all in. Sell at a high point.
It sounds difficult, but it is really damn hard to do. It's almost impossible.
To put it simply, if a coin rises 10 times, we should aim for a 3-5 times increase in the middle after trimming the extremes, which is completely possible.
These coins will have a strong consensus, and as long as you are slightly perceptive, you will definitely sense its popularity.
If it's a bull market, then the market may rise over 2x, making it easier for you to select coins. Buying randomly might yield a tenfold coin.
If it's a bear market and everyone is falling, and there's a coin that keeps rising against the trend, you surely won't be unaware.
After finding this coin, you need to formulate a detailed strategy.
How to enter the market? Should I go all in after a pullback, do dollar-cost averaging, go all in at the current price, or buy in batches?
Then if it's due to your own judgment mistake, when to stop loss.
If it's a fake drop, do you still want to get in? If it keeps rising without a pullback, should you rush in directly?
Such questions need to have a response strategy planned in advance. Then get on the bus with confidence.
No matter how the market changes, you are well prepared.
This way, you will hold on longer and won't be washed out by a small fluctuation.
Of course, this also requires some luck. Good luck is also part of strength.
After completing the second step, what you urgently need to do is to calm down.
Many people become arrogant after making money.
Then you will play around aimlessly and lose everything.
Go back to the first step and start over.
So at this stage, the most important thing is to overcome your inner desires. Calm your mind, and only then can you accomplish the final great task.
The third stage goal is from $1,000,000 to $10,000,000. Although it's still the same 10x increase, the difficulty is significantly greater.
I personally believe that the luck component in this stage is already very low.
Reaching your goals largely indicates that your cognition and strength have risen to a higher level.
Then conversely, it means you need to crazily improve your cognition and knowledge level to reach your goal.
You need to have a full understanding of the entire market, a strong learning ability, and extremely strong psychological quality.
To achieve these goals, you need to continuously learn and enrich yourself. Make yourself stronger.
When your knowledge reserve and cognitive ability break through that critical point, you will find that this stage is not very difficult.
The main goal of this stage should be in public chains, platform coins, and emerging markets (such as NFT, WEB3, SocialFi, etc.).
The project you invest in needs to have a high ceiling, a large development space, and be combined with the current environment.
Specifically, you may need to wait for an opportunity, similar to black swan events like 312 or 519, which will be the biggest opportunities.
You can take a small amount of money and infinitely repeat the first and second steps, earning money while learning and looking for your all-in target.
Large funds can go to DeFi to find safe and stable mining options, earning interest is also quite attractive.
After finding the target, patiently wait for the opportunity to come.
You can do dollar-cost averaging or buy in batches.
After buying, validate your logic. Because at this time, you are already strong, and I think your win rate will be very high.
The last step will be a long-term matter, not an overnight wealth.
So be prepared to be friends with time.
Of course, there are shortcuts in this part as well.
Hello everyone, I am Guiyan. I have navigated the market for many years and understand the opportunities and traps within. If your investment is not smooth and you're feeling regret, + Guiyan may lead to unexpected gains.
