I have seen too many people making money in the crypto world over the past few years. Some have gone from the bottom to tens of millions, while others have gone from hundreds of millions to zero.
I’ve also seen people come in to try their luck and then get harvested.
I found that more people around me have earned millions from being ordinary grassroots.
Those who lose money are filled with speculative psychology, buying and buying at high positions, and accumulating a bunch of altcoins and worthless coins.
If you don’t understand anything and are inexplicably pulled into a group, then you’re being deceived. I hope I can also get a hundred or thousand times like others. In reality, this kind of approach is highly likely to drop by 99%. Earning without selling, and not wanting to cut losses when it drops. This is the mindset of most people.
I have a friend whose family runs a factory. Due to poor market conditions from the pandemic, he wanted to make quick money in the crypto world, then tried contracts, and ended up getting liquidated and sold his house. Now he has no money, and every time he borrows from me, it’s 200 or 500. I told him to work hard and start anew; there are opportunities in the crypto world.
But he can’t listen anymore. Every time he sends me a message, it’s about a contract contact, saying he made money today, earned 500 U, and then a few days later he’s borrowing money again. I just told him that if he runs out of food, he can come find me, I’ll treat him to a meal anytime.
Newcomers to the crypto world, who don’t understand anything, should definitely not touch contracts. His case gave me a profound lesson; contracts are gambling, and there’s no long-term stable way to get rich quickly through gambling. Cherish life and stay away from contracts.
There are also some people around me who made a lot of money by chance, buying SHIB and Dogecoin early on, making millions in an instant. They mainly are not greedy; once they made that money, they immediately bought a house. Although the house has no investment value now, their assets are preserved, and their lives are quite stable.
Another friend mainly engages in various arbitrage in the crypto world. They usually conduct in-depth research on projects and hold a lot of blue-chip varieties, like BTC and ETH, and a bit of other platform coins as well. In the crypto world, they only play arbitrage, like forming LPs on Uniswap to earn transaction fees, grabbing airdrops, and participating in whitelists. The returns are really quite good.
They are all people who have experienced one cycle; it’s only in the second cycle that they know how to do it. Many people think about making 100 times as soon as they buy coins. When they hear someone has made money, they rush in with excitement. Such people die the fastest, and their outcomes are definitely the worst.
The crypto world is for expanding off-market profits; it shouldn’t be for speculation. Without the patience to hold, and without the patience to study projects, relying solely on feelings and acting recklessly, hoping to get rich quickly, that’s bound to end badly.
Just last week, a friend called me, and he made over 5 million by grabbing airdrops, quickly creating accounts to receive APT airdrops. Do you think it costs anything? It’s zero-cost airdrop grabbing.
In the crypto world, capital is the priority. One must have risk awareness, and also have position management, a good mindset, and grasp the cycles well.
Even if you only have 50,000 or 100,000 now, reaching tens of millions in two cycles is completely achievable.
I hope all coin friends can double their capital and continuously increase their assets. There will definitely be a magnificent bull market in 2025.
By then, BTC will reach 1 to 2 million RMB. ETH will be above 100,000 RMB. Keep it up.
Hello everyone, I am Bashen. I have been in the market for many years, deeply understanding the opportunities and traps within it. If your investment is not going well and you feel unwilling to accept losses...
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