How can one truly make money in the cryptocurrency world?

In my opinion, there are 3 types of people and 3 ways to make money in the crypto space. Which one do you belong to?

Type 1: Newbie, limited funds, knows nothing

If you can't even distinguish between Bitcoin and Ethereum, don't expect to achieve mythical returns. First, learn how not to lose money. Honestly invest regularly in BTC, ETH, BNB; you may not make big profits, but you can outperform 90% of chaotic newbie traders.

Remember, during the newbie phase, not losing is winning.

Type 2: Experienced trader, small funds but knowledgeable

You know which sectors are hot, can understand project logic, and even grasp the FOMO psychology of human nature. At this point, "buy new, not old" is your principle; focus on low market cap potential coins and wait for the right moment.

But remember, you might only need one successful trade to turn things around.

Type 3: Medium funds, somewhat knowledgeable

Do you know a bit about everything but not enough in depth? Then adopt the strategy of "large positions in mainstream coins, small positions in hot new trends." Allocate 80% of your funds to hard currencies like BTC and ETH, and 20% to chase new narratives (like RWA, AI, MEME), don't go wild when you profit, and don't panic when you lose.