To succeed in something, you need to set aside probabilistic luck and know yourself and your opponent.
Knowing oneself means knowing your strength, knowing the opponent means knowing the difficulty of the goal.
The number of people making money in the crypto space is extremely small; I estimate only 10%, and those making big money are probably just 1 out of that 10%.
20% neither makes money nor loses money, 70% is losing money.
80% of the 70% are losses between tens of thousands, while 20% are losses between hundreds of thousands to millions.
First, we need to know our own strength, whether we have strong strength, weak strength, or no strength.
Strength is a comprehensive ability composed of advantages in circle, information, funds, channels, technology, and mindset.
I humbly say that I belong to the category of those with no strength. However, that doesn't prevent me from making money.
To make money, you must first sincerely face yourself and sincerely question whether you are a person with strength.
This is very important; if the premise is judged incorrectly, setting luck aside, you definitely won't make money.
Who says you can't make money in the crypto space without strength? There are ways to make money without strength.
If your goal is not to get rich immediately and make millions or billions, then it’s a reasonable goal.
The way to make money without strength is to hold BTC, daily, weekly, or monthly, for 8-12 years. 4 years of modest wealth, 8 years of small fortune, 12 years of basic freedom, and 16 years of complete liberation.
During this period, there's no need to use any high sell-low buy strategies like selling in a bull market and buying back in a bear market.
Now if someone tells you to sell in a bull market and buy back more in a bear market, that’s unlikely to happen. Even if it happens, it's just luck.
Making it once is luck; making it 2-3 times, you shouldn't believe it, because you're destined not to achieve it.
Because there is a huge bug where judgments are made after the fact. Do they dare to show their real accounts from start to finish? I believe no one dares.
Since there isn't, don't believe it, just be practical.
Having no strength but patience in the crypto space means holding BTC. Don't say 8-12 years is too long. Just ask yourself how much money you saved in 8-12 years.
I have a fan who has been in the crypto space for a year and a half, starting with $60,000 and now reaching $200,000. He doesn't hold coins; he plays arbitrage, and he doesn't believe in BTC.
I calculated that if he directly buys BTC with $60,000 and does nothing, it's currently $170,000.
It's difficult to triple $200,000 in a year through arbitrage, but doubling through BTC isn't hard. With time, his arbitrage returns will definitely catch up with the BTC increase.
You have no strength at all, you can multiply by 2.83 times. He has technical strength and can earn 3.33 times.
This shows that the laws of the world can catch up with technical strength.
It's such a simple logic; if arbitrage could lead to great wealth, those particularly smart people wouldn’t only buy BTC.
If you have no strength but a big goal, such as making tens of millions or hundreds of millions, the result will be a loss. This is not knowing yourself and your opponent.
If you have strength and a normal goal, such as having information advantages, making millions or tens of millions in the crypto space isn’t hard. This is knowing yourself and your opponent.
For example, if you know which coin Binance is about to launch or what activities Binance will hold. If you buy in advance, you can certainly make a fortune.
There are definitely people in the market who can know in advance; this is their information advantage. If you don't have it, you can't make money.
Having no strength and holding BTC is also knowing yourself and your opponent.
Many people lose money and always feel it's due to bad luck, impatience, or improper operation.
The truth is not knowing your strength and not knowing whether your goals are normal.
For example, if you have your eye on a coin, and you hear someone say it's good and will rise significantly in a bull market, or you think it will rise significantly yourself.
Then you need to sincerely face yourself. Why can it rise? What is the logic? Is the current price too high?
If you don’t know, you definitely can’t make money. If you clearly know the answers to the above three questions, and they are the correct answers.
So even if you lose later, it’s okay; you will definitely profit in the long run.
Because you always follow the logic of knowing yourself and your opponent.
Now please examine whether you have strength or not.
Then make a plan for making money in the crypto space based on your strength.
