I answer that it is possible, and I have walked this way. I just entered the crypto world in 2019, and I was embarrassed to even mention my principal. I think like you, just looking for some pocket money, and I can't bear any risk, just thinking that it's enough to be higher than a savings account.
Then I went to grab short positions because there was no capital, but it was time-consuming. At most, I had over 140 IDs, working 15 hours a day.
Then in 2020, I directly got my first 1,000,000 in the crypto world.
Then the pandemic came, and layoffs were quite severe here in Korea, so I just resigned and went full-time into crypto.
Continuously trying new strategies, grids, hedging profit margins, and grabbing NFT short positions.
Then at the end of 2022, I directly hit 1,000,000, and even now I think back on it and feel it was quite dreamy. The crypto world is indeed an opportunity, I can only say this.
Certification, currently 27 large coins in spot, the accumulation over the years, striving for 30 coins.
I personally believe there are countless opportunities in the crypto world, the core is to find a strategy that suits you, rather than blindly following trends. Going to HY is a dead end.
In 2019, grabbing short positions benefited from the death of HUOBI, and BN crazily grabbed customers.
In 2020, NFT first appeared, and the concept of the metaverse began, benefiting from faith dividends.
Since 2021, playing hedged profit margins has been benefiting from policy dividends.
These things require a huge information system to build your own knowledge system, rather than just looking at posts from crypto world spiritual teachers every day, looking east, looking west, and ultimately crying after being liquidated.
For example, in these four years, I played hedged profit margins, which is a typical information surface issue.
For example
Figure 1 shows the largest exchange here, the price of one large coin is about 150 million KRW.
Figure 2 shows the price of a certain large coin, 766,000.
Make a simple calculation.
Use the largest settlement center in Korea, WISE, to check, paying attention to the selling exchange rate, not the buying.
Currently, the Korean Won here is 149,847,000 KRW, which is about 797,000, and domestically it's 766,000.
The difference is 31,000 for each large coin.
The bad one is the profit margin.
Many people think that large coins or all coins have the same price globally, but how is that possible? This is a typical cognitive cocoon.
First of all, large coins can be directly bought in all blockchain-compliant countries, and there is no need to convert with oil. Many people mistakenly think that the whole world uses oil, which is completely wrong. For example, Koreans don’t use it; there are no coin-to-coin exchanges, only CASH to COIN.
So why does the profit margin appear? It’s for this reason.
Even though the large coin is pegged to USD, the exchange rate difference between USD for us and USD to Korean Won is not equal. This exchange rate difference is called triangular exchange rate difference. Many people should know, but didn't expect it to also appear in the crypto world.
As long as the world is not unified, this triangular exchange rate difference will permanently exist, leading to the birth of profit margins. The gap between us and Korean Won is the largest and is also due to the severe depreciation of the Korean Won since 2018.
What needs to be done is very simple.
1. Bought domestically.
2. Send it to the Korean exchange.
3. Sell and convert to Korean Won.
4. Convert to MID COIN.
5. Bring it back home.
6. Done.
The whole process takes a circle, 20-30 minutes, with no CASH involved at all, everything is on-chain, so there is no possible risk.
Take my distance, using 0.2 large coins to transfer at the least, and 0.5 at the most.
Then subtract GAS fees, transfer fees, wear and tear, etc., and the actual profit margin that can be taken is 60-70%.
That is to say, low at around 200 oil, high at 400-500 oil, this level.
Every day 6-10 hours, under the constraints of the exchange, at the lowest, over 1,100 oil, and on the highest day, there was 3,300 oil.
It's worth noting:
1. Because there is no CASH involved throughout the process, the KYC at the exchange here can be bypassed using an LTE CARD.
2. Each time does not need a whole large coin; small amounts multiple times are the most stable.
3. It's not that one cycle ends and immediately the next begins, but you need to observe the market and look at a lot of data to make a comprehensive decision. The actual situation is that 6-15 times a day is normal, and 15 times is already very limited, which takes about 10 hours.
Back to the point, opportunities in the crypto world are always fair and open to everyone. When you feel like you're chives (a term for someone being taken advantage of in the market), first think about whether you are blindly following trends, seeking optimal solutions in fields that do not suit you. The result will inevitably be tragic. I have seen many people who can’t even understand the big A (stock market) come in and directly go for HY, and in the end, they are liquidated, crying. Why bother?
There is a saying that I hope you can think about: the opportunities in the crypto world are not just about trading B and HY. The opportunities in the crypto world come from exploring through your own attempts to find a method that matches you. It is an open world, not a place where there's only one road to darkness, where success and failure rely on luck.
My strategy is for reference only and may not be suitable for you.
$BTC $ETH
#SECETF审批 #币安八周年 #突破交易策略 #TruthSocial加密蓝筹ETF
