People always ask me how to make money in the crypto space with only 100,000.
First of all, you must believe in the rules set by the heavens; they will never completely block your path. Even if you only have a few tens of thousands, you can still turn things around in the crypto space. If you don't believe in anything and feel only jealousy or think it's all a scam when you hear about others making money, then you've blocked your own path.
Having 50,000 to 100,000 is typical for someone earning a few thousand a month. Buying a phone or some other desired item or going on a trip will basically use all of it. When you reach 300,000 to 1 million, you start thinking about buying a car or a house, lending money to others, and then falling back into your old patterns. Each level of wealth has corresponding things that precisely harvest it; it won't allow you to accumulate capital advantages.
You can see my articles, and at least you've come into contact with some informational advantages in the crypto space; many people don't even know what the crypto space is. You could say that heaven has already opened this door for you.
In the stage of having 50,000 to 300,000 in savings, the primary goal is to exercise extreme restraint and reject consumerism. Dining out, traveling, keeping pets, spending money to chase girls, buying cars, parents asking you for money, friends borrowing from you—these are absolutely not allowed. This is a hard rule; breaking one makes it very difficult to accumulate advantages.
You must maintain frugality and simplicity. As long as you're thinking about getting rich, the above things basically have nothing to do with you; all your time should be used to make and save money. The above things are what most people cannot do. Your only expenses should be learning skills and basic living costs.
Why do I say the above? To change the perception of the value of money, first accumulate wealth and reject consumerism. My understanding of buying coins is to accumulate wealth, so I can hold onto them. When I buy one BTC, I feel as if I've bought a house 20 years ago. Keep making money and continue buying 'houses'; having more 'houses' feels great. Spending money feels meaningless.
For example, at this stage, you only have 100,000, and I tell you to dollar-cost average into BTC; this is not a good time. If I advise you to dollar-cost average into meme coins, I won't recommend it either because it's hard for someone who hasn't gone through a cycle to have confidence to continue. The first thing to do is to earn some money in this circle, first to accumulate capital, and second to build confidence.
If it were me, I would do this: I would first buy 10 phones in the second-hand market, then gather parents, relatives, and friends who can help. Generally, it's not difficult for one person to gather 10 accounts. When asking people to help with accounts, don't have any psychological burden; remember, if you have no money, you have even less face.
After setting up your account, start accumulating Binance Alpha points. With 10 accounts, you can earn 8192 points daily, which may require a fee of about 5-7 U. Each account holds 1,000 U in assets, accumulating 16 points daily. After about 14 days, you will basically be eligible for some airdrops. Earning 5,000 to 10,000 yuan in a month isn't a big problem; with 10 phones, that's 50,000, and with 20 phones, that's 100,000. If you use 10 phones for 3 months, you'll basically have 300,000 in hand. Isn’t it simple? This is the power of replication.
I know that during this process, some people will struggle with whether to invest 100,000 yuan and whether there will be risks. Compared to buying coins, trading, or dealing with contracts, this risk is very low. If you want to get rich and make money, you have to be bold and not get caught up in indecision. A hesitant personality finds it hard to accomplish things.
Once you have 300,000, you must participate in various financial activities and events on Binance; earning about 1% of your assets over a month isn't a big issue. Then write down the path you took to make money, share it online, become an investment promoter, and you can even earn some small money teaching others. That's another source of income.
In the crypto space, there are generally 3-5 major opportunities and 3-5 major crashes each year. If you observe the market daily for a few months, you can generally feel some trends. At this point, with some capital, you need to set aside some money for trading and learn the most orthodox skills: emotional trading and valuation trading.
Emotional trading involves taking advantage of market pricing errors, buying when there's fear, particularly buying BTC, earning 5-10% at a time. Valuation trading involves dealing with new coins on Binance; this requires effort; when the valuation is high, you short it. There are also junk new coins on other exchanges that can be shorted; making 20,000 in a month isn't difficult.
With extra funds, start grid trading with BTC and ETH. Earning 5% a month is absolutely not difficult. After another month, 300,000 will basically turn into 400,000. Of course, you can't make 1 million U from 10,000 U like others, but my method can ensure you steadily earn 1 million.
Learn about options as well; when prices are low, try doing some options trading, something more stable. If you have BTC, you can place high-priced orders to earn some premium income, which is also a source of revenue. For example, when it rises to 107,000, I will start placing orders at 110,000-115,000 to earn premiums, which is another source of income.
In short, once you have assets, the speed of making money is very fast. As long as you receive positive feedback, you will work hard. If you can't even come up with 100,000, the only thing you need to do is to make money and accumulate your principal. How to accumulate? By borrowing, through loans, or working as a delivery person—all of these are your skills.
Then there are various opportunities for zero-cost on-chain activities; the more accounts you can open, the better. Start live streaming, writing articles, and also creating paid knowledge communities. Once you achieve results, people will trust you and be willing to pay you. You don't need to charge too much initially; for example, start with a few hundred yuan and gradually increase the price. Here, you can earn another 5,000 to 10,000 yuan a month.
After a year, you will definitely be able to accumulate around 1 million in assets. If you learn valuation and trend recognition, you should reach 1.2 million. During a bear market, what you need to do is to produce content, build your own IP, and continue dollar-cost averaging into BTC. By the next bull market, your 1 million can be flipped into 3 million to 5 million. Reaching 5 million requires a bit of luck, but reaching 3 million is definitely achievable. Then, with another opportunity, you will basically reach 10 million.
Starting today, working towards 3 million to 5 million may take about 4 years. With 5 million, you will basically rely on capital to earn money in the future. You can spend your free time continuously improving yourself. Because your money is earned through strength, you have understanding; as long as you manage your accounts well, you won't be scammed or misled by consumerism.
After this, every morning, regardless of whether it's windy or rainy, when you open your eyes, your mood will be pleasant. This is much cooler than spending, flirting, or buying a car.
In life, only happiness and freedom are priceless.
Having been through the rain, I want to help new entrants avoid the biggest risks!!!
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