How long does it take to earn the first bucket of gold in the crypto world?
First, the conclusion: it depends on fate. For example, ARB has reached tens of millions, and YGG, pepe, etc. are also in the tens of millions.
Don't trade coins; hold a large amount of Bitcoin and participate in the construction of the crypto world, and you can keep making money.
The world is chaotic, with various asset fluctuations and underlying logic changes; more and more people are seeing that code is justice.
At the same time, the crypto world may be the biggest upward path for ordinary people; whether big capital or small funds, there will be a way out.
Not trading coins and not mining coins, but participating in construction is the way to go; millions are not a dream!
In the crypto world, I basically see two situations, but I still recommend that everyone choose the second one:
1. Instant wealth type (mostly relying on luck):
This situation is similar to buying a lottery ticket; whether it's a scam or an X125 contract, as long as you're lucky, nothing is impossible. However, I feel this answer lacks universality and practical value.
2. Stable growth type (mostly relying on effort):
This category requires a certain cost from you, but it's more feasible. Based on historical data, making hundreds of thousands should be quite easy, millions is also reasonable, and more depends on fate.
2.1. First choice: taking advantage of opportunities
Because the principal is small, your effort is your biggest leverage. It's recommended to spend some effort choosing stable bonuses from exchanges and other opportunities, which have certainty and a shorter payback period. You can also choose testnet projects, which have almost zero cost, but the output may not guarantee returns. On-chain interaction opportunities are not recommended, as spending 3000 might just yield a GAS fee without guarantees of returns.
2.2. Second choice: play games
Currently, GAMEFI and NFTs still have considerable opportunities; many projects will choose to provide free play opportunities. For example, recently you can invest in BIGTIME, and BNX can also make you rich by holding coins, after all, it’s a royal token, and the income is generally stable. If it's compounded, each project can yield dozens of times returns, but the cap might be reached at A8.
2.3. Finally, doing projects
There's also a less suitable option, which is being a project party. If successful, it can lead to sudden wealth, but due to policies, marketing, technology, and other comprehensive reasons, it is still not recommended to try.
In fact, I mainly play arbitrage in the circle, but this requires a certain amount of capital, and it also belongs to a low-risk process of slowly becoming rich.
If you have any questions, feel free to leave a message below, and I will take time to answer.