If you want to truly make money in the cryptocurrency world, don’t listen to the fairy tales of overnight riches. What does it take to genuinely earn money in the crypto space?
In my opinion, there are 3 types of people and 3 ways to live if you want to make money in the crypto world. Which one do you belong to?
Type 1: Beginner, limited funds, knows nothing.
If you can’t even tell the difference between Bitcoin and Ethereum, don’t dream of incredible returns; first, learn how not to lose money. Honestly invest in BTC, ETH, and BNB; you might not make a fortune, but you can outperform 90% of the chaotic newbie traders.
Remember, during the beginner phase, not losing is gaining.
Type 2: Experienced investor, limited funds but knowledgeable.
You know which sectors are hot, can understand project logic, and even grasp human FOMO psychology. At this point, your rule is “buy the new, not the old”; focus on low-market-cap potential coins and wait for the right moment.
But remember, you might only need one chance to turn things around.
Type 3: Medium funds, somewhat knowledgeable.
Do you know a little about everything, but not enough in depth? Then go for “large positions in mainstream assets, small positions in hot 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 get too excited when you profit, and don’t panic when you lose.
