You must understand one iron rule: the crypto space is a zero-sum game, or even a negative-sum game.
When you see others earning a car like a Maybach overnight, it might be because a thousand people behind them are buying in.
You see others getting rich on MEME projects, but you don’t see more people who are still in TG groups at 3 AM watching the market, crying after projects rug, and deleting apps overnight.
Getting rich is real;
Dying suddenly is indeed a possibility.
The opportunities in the crypto space are a double-edged sword; getting close may lead to soaring profits or being harvested.
People who want to get rich in the crypto space can be divided into three categories.
① First type: Knows nothing, only hears that 'it can make money', and goes straight into contracts.
Outcome: Loses the most. Gets liquidated the fastest.
Many people start out small, making a few hundred or a few thousand U, thinking they are trading geniuses, better than Buffett or Xu Xiang! So, they go all in, leverage up, and then repeatedly deposit and get liquidated! I know many such old investors in real life; they have entered such a vicious cycle, playing in the crypto space for years, knowing a little about everything! But if you ask them if they made money, they all say they lost tens of thousands or hundreds of thousands! Moreover, they particularly love to get stuck in their ways; even when they lose so much on contracts, they still firmly believe that only contracts can turn their fortunes around! In the crypto space, there are many ways to make money: rushing to the primary market for low-value coins, grabbing airdrops, working at web3 companies... But they don’t even want to research; they won’t even bother to understand! So, this outcome is also destined.
② Second type: Knows how to trade spot, understands trends, starts to chase memes, plays in the primary market.
Outcome: Has the greatest chance to get rich but is also most likely to fall into an 'overheated' state.
Made some money, started getting greedy, and ended up losing it back.
③ Third type: Experienced highs and lows, understands position management, takes profits in batches, follows trends but does not become overly attached.
Outcome: Very few can achieve financial freedom in a bull market.
Getting rich is not about luck; it's 'systematic gambling' after controlling emotions.
If you really want to get rich, I suggest you do this:
1. Starting today, learn to operate on-chain using a Solana wallet, using gmgn to scan chains, and spend at least 3 hours daily in the primary market for low-value coins.
2. Invest only the money you can afford to lose; don’t recklessly go all in, thinking 'if it dies, so be it.' Treat each trade as a venture; do not gamble recklessly.
3. Only play in the primary market with early-stage low-market-cap coins; do not go to the secondary market to pick up the scraps from the first tier, as it only has a 1000-fold opportunity, while the secondary market remains a high-risk gamble.
4. Find reliable people to guide you in; avoid detours. There is too much information asymmetry in the crypto space. If you haven’t stepped on 100 pits, you won’t know which projects have no chance.
Of course, you can get rich overnight in the crypto space, even in an hour.
But the problem is—
Are you prepared enough to get rich?
Do you have the ability to bear sudden death?
Are you the one issuing coins, or the one left holding the bag - the 'leeks'?
Choosing to pursue wealth in the crypto space is, in itself, choosing a life of high volatility.
It’s not wrong; just know this: before getting rich, ask yourself if you can survive.
Follow me, and I'll help you avoid pitfalls, scams, and getting overheated.
Help you find your own 'low-cost path to wealth'.
