Many people in the cryptocurrency space have made 10 million, but earning 10 million personally and formulating a methodology for ordinary people to earn 10 million are completely different matters—the latter is clearly much harder.
In the year 2024, trading cryptocurrencies full-time for exactly 11 months, I grew from 10,000 to now over 10 million, achieving a 1000-fold profit.
In the cryptocurrency world, if you want to truly achieve financial freedom and realize compound interest, methods, techniques, and forming your own profit system are crucial!
Once you master it, the cryptocurrency world will become your 'ATM', and making money will be as simple as breathing!
After more than ten years of trading cryptocurrencies, here is a summary of my wealth journey:
The first ten million took the longest and was the most painful; the trading system was constantly reshaped and refined over a year and a half.
The second ten million took three months.
The third ten million only took 40 days.
The fourth ten million only took five days.
75% of the funds are earned within six months.
The thinking method involves breaking down 10 million into three tenfolds, looking for corresponding opportunities at the first, second, and third tenfolds, and replicating profitable actions 100 times within each tenfold.
So how to earn 10 million in the cryptocurrency space?
Let's start with a basic theorem:
In a lifetime, one only needs to hit three tenfold coins.
Prepare 10,000 dollars, which is a non-essential fund for you.
Then 1-10 million, 10 million-100 million, 100 million-1 billion.
10 million dollars can basically be considered a small goal.
If you don't have the starting capital of 10,000 dollars, or if that 10,000 dollars is not significant to you...
Then work and study like crazy; investing may not be suitable for you.
Because at this moment, your ability to bear risk is too low.
Once your all-in fails, it can be said that there's a high probability of failure, which will severely impact your real life—it's not worth the loss!
Don’t know what to learn? English! Can't find a job? Delivery!
If you only want 10 million RMB and are satisfied, then just change the unit or scale it freely. The principle is the same.
First, your current task is to continuously find three 'tenfold coins.'
Why use quotation marks?
Because here, it doesn't necessarily have to be cryptocurrencies; it can be a no-loss arbitrage opportunity, DeFi mining, shitcoins, NFTs, or any other target...
Let's discuss this in detail below.
The first tenfold range is very broad, from 10,000 to 100,000.
For most investment targets, liquidity is generally sufficient.
The first thing you need to do is close your eyes and recall the project you previously made the most money from or had the most confidence in.
If this 'money-making project' can be replicated, repeat the profitable actions 100 times!
If you can't think of anything or haven't made your first pot of gold yet, I personally believe the best strategies at this stage are two.
1. Earn airdrops.
As for how to operate airdrops, since each project is different, essentially everyone knows that the cost of this part is actually very low.
2. Find ways to obtain popular NFT whitelist spots.
The basic idea is to find popular projects to grind for whitelist spots. You need to use some wit. Small cleverness is also not excluded.
Don't dismiss something just because you think it won't work. In fact, the higher quality a project is, the lower the barrier for ordinary people, but it requires effort to study and innovate.
Most NFT projects support creators to obtain whitelists; someone thought of stacking snowmen first. If you are a bear project party, I will stack a bear; if you are a monkey, I will stack a monkey; these projects only cost a few dozen bucks.
Project teams will have various lottery draws, Twitter retweet lotteries, Discord lotteries. Create numerous small accounts to participate and increase your chances of winning.
Even the most basic method is chatting. For hard-to-get whitelist projects like HAPE, several friends treat it like a job, clocking in daily to keep the momentum. After mastering the 'method,' they all secured their spots.
As long as you are willing to think, there are always more solutions than difficulties.
However, if you have no ideas and just want to follow others blindly, then you really won't get anywhere.
The cost of this part depends on the project, and the focus is to be precise about the project. Even if it's easy to manage, it still requires some costs. A 10,000 dollar cost should be sufficient in the current market.
All content does not constitute any investment advice! Everyone needs to make choices based on their own research and judgment.
3. Shitcoins and contracts.
This is not the best plan and is strongly discouraged. The reasons are well known and I won't elaborate.
But if you have exceptional talent, you can indeed make high multiples in a short period.
Let's not elaborate on that for now; we can discuss it separately when the opportunity arises.
4. Participate in IDOs, IEOs, private placements, Coinlist public offerings, etc.
This part's threshold is actually still relatively high.
Currently, public market IDOs and IEOs require invested capital, and the potential loss of the principal may exceed the profits.
It mainly depends on the project and luck. This part will have specific project analyses later.
For private placement, you need someone influential to assist you.
If you have friends working in large institutions, keep in touch regularly. When good projects arise, you might just get a chance to take off.
Currently, institutions are also tight on project funds; they can invest a few thousand or ten thousand dollars.
That being said, it’s not about random investing; you need to understand the project. For reliable projects, it’s advisable to go all-in.
The simplest idea is that investing in projects is investing in people; if you don’t understand the project, look at whether the person is trustworthy. Reliable people's projects are generally also trustworthy.
5. DeFi mining.
Currently, old mining has little profit potential.
You need to continuously pay attention to new projects.
The earlier you enter, the more tenfold opportunities you will have.
Because the gameplay of each project varies greatly, I won't elaborate here. Each project has different gameplay.
Overall, the most important point at this stage is to endure loneliness.
Why? Because this part varies from person to person; some may take a long time to make breakthroughs.
Sometimes it may take significant losses before realizing the true path to profit.
It’s also possible that after one round of operations, you realize you're just not cut out for this.
If you truly feel lonely, you can find like-minded people to team up with.
It's important to exchange information and encourage each other.
Find someone with whom you resonate and who has a similar asset level for mutual prosperity.
After successfully receiving the first tenfold dividend, congratulations, you are very close to success.
The second step from 100,000 to 1 million can use the simplest but very practical method: repeat the first step 10 times.
Simple and straightforward, but practical.
With 100,000 dollars, take 10,000 to repeat the first step. The remaining 90,000 requires patience while waiting for an opportunity.
Miracles will happen in the market every year, and there will always be amazing cryptocurrencies.
These cryptocurrencies generally have a base increase of tenfold. Some even have a hundredfold. LINK, AAVE, YFI, AXS, LUNA, MATIC, BNB...
Your goal is to lock it in advance. Go all-in to obtain high points and sell.
Sounds difficult, but doing it is really hard. Almost impossible.
To put it simply, if a cryptocurrency rises tenfold, trim the extremes; we should aim for a 3-5 fold increase in the middle. This is entirely possible.
Such cryptocurrencies will have strong consensus; if you are slightly perceptive, you will definitely sense their popularity.
If it’s a bull market, then the entire market may rise by more than double, and choosing cryptocurrencies becomes easier. You might just randomly buy and end up with tenfold coins.
If it’s a bear market and everyone is declining, you wouldn't be unaware if a certain cryptocurrency keeps rising against the trend.
After finding this cryptocurrency, you need to formulate a detailed strategy.
How to enter? Should it be an all-in after a pullback, or dollar-cost averaging, or directly all-in at the current price, or buy in batches?
Then if it's your own judgment error, when to stop loss?
If it’s a fake fall, should you still get in? If it keeps rising without a pullback, should you just dive right in?
Questions like these need to have a response strategy thought out in advance. Then, get on board with confidence.
No matter how the market situation changes, you should be prepared in advance.
This way, you will be able to hold on longer and won't be washed out by minor fluctuations.
Of course, this also requires some luck. Good luck is also a part of strength.
After completing the second step, what you urgently need to do is to calm down.
Many people become inflated after making money.
Then you will play aimlessly and end up losing everything.
Go back to the first step and start over.
So at this stage, the main thing is to overcome your inner desires. Calm your heart down, and then you can achieve the final goal.
The goal of the third stage is to go from 1 million to 10 million. Although it still requires the same tenfold increase, the difficulty is significantly greater.
I personally believe that the element of luck in this stage is already quite low.
Your ability to achieve your goals largely indicates that your cognition and strength have risen to a new level.
Conversely, this means you need to crazily enhance your cognition and knowledge level to reach your goals.
You need to have a thorough understanding of the entire market; you need to have a strong learning ability and very strong psychological qualities.
To achieve these goals, you need to constantly learn and enrich yourself. Make yourself stronger.
When your knowledge reserve and cognitive ability break through that critical point, you will find that this stage is not that difficult.
The main goal at this stage should be focused on public chains, platform tokens, and emerging markets (such as NFT, Web3, SocialFi, etc.).
The projects you invest in need to have a high ceiling, a lot of development potential, and also need to be integrated with the current environment.
Specifically, you may need to wait for a moment, such as black swan events like 312 or 519, which will be the greatest opportunities.
You can take a small part of the money and infinitely repeat the first and second steps while earning money and learning, all while searching for your all-in target.
Large funds can look for safe and stable options in DeFi to benefit from mining without investing heavily, as earning interest can also be very appealing.
After finding your target, patiently wait for the opportunity to come.
You can choose dollar-cost averaging or buy in batches.
After buying, verify your logic. Because at this point, you are already strong, and I believe your win rate will be very high.
The final step will be a significant long-term process, not a sudden wealth gain.
So be prepared to befriend time.
Of course, there are shortcuts in this part.
The fastest method I know is to launch your own project... Those who understand should understand.
I am the royal instructor, having experienced multiple bull and bear cycles, with rich market experience in various financial fields. Follow the public account (Crypto Royal Instructor), here you can pierce through the fog of information to discover the real market. Seize more opportunities for wealth, discover truly valuable opportunities, and don't miss out and regret!
Using the simplest cryptocurrency trading method repeatedly can turn 200,000 into 10 million. Can you believe it?
Five years ago, I met a senior in Shanghai who easily withdrew over 12 million from the cryptocurrency space using the simplest method. He taught us back then that the path is always simple. Trading cryptocurrencies, if you complicate it too much and consider too many factors, your judgments will become less accurate. Those who lose money trade like that. To profit is actually very simple; just find a method that suits your strengths and repeat it. Before you know it, your account numbers will go up. I have always remembered the senior's words.
The methods I used back then are still useful in practice. Compared to other methods on the market, they are indeed simpler and more practical. Now I will share this method with everyone; as long as you can learn it, even if you can't multiply it dozens or hundreds of times like the seniors, at least making some pocket money shouldn't be an issue.
Alright, without further ado, let's get straight to the point. The method is very simple; just remember this mantra.
First, wait for the highs and lows. When the market is in a sideways consolidation, it's best to observe for a while because after the consolidation, there will be a trend change. Wait until a clear market direction appears before taking action.
Secondly, avoid being attached to hot positions; frequently change your holdings. If you start strong, you may end up empty-handed. All popular short positions are speculative; once the hype fades, funds will exit immediately, and if you lag behind, you will be left alone in chaos.
Thirdly, a breakout jump can indicate hope for a rise; if the K-line gradually rises and shows a significantly high opening bullish line, coupled with increased volume, it signifies that the market has entered an acceleration phase. At this moment, we must remain calm and hold steady; what awaits you will be a substantial profit.
Fourth, avoid being overly attached to large bullish candles; exit decisively at the tail end, regardless of whether it's at a high or low; after a large bullish candle appears, there will be a pullback, even if it hits the limit-up, you should exit. Because we need to prevent profit retracement.
Fifth, buy on online bearish candles and sell on offline bullish candles, even if the buy or sell is wrong. The 'line' here refers to the moving average or important support and resistance levels. Short-term traders typically only look at daily moving averages and daily attack lines. I don’t like to muddle through; I usually hold short-term positions for three days, not exceeding a week—no matter how good it gets later, it’s irrelevant to me.
Sixth, do not chase highs, do not sell, do not jump into the water, do not buy; remain still during sideways movements. This can be said to be a basic principle for survival in the cryptocurrency space. If you want to survive for a long time in the cryptocurrency world, you must remember this phrase.
Seventh, buy in cautiously. Prepare first, it's better to enter less than to enter more. No matter how confident you are, you can't invest all your funds at once. Because in the cryptocurrency world, the only constant is change.
Before taking action, ask yourself four questions.
1. What is the reason for buying?
2. What is your operational plan?
3. What will you do after a decline?
4. After being trapped, what will your next move be?
As long as you can achieve expectations for everything and have responses to facts, you will surely achieve stable profits.
Trading cryptocurrencies for a living for 10 years, summarizing some experiences!
1. The biggest fear in the cryptocurrency world is laziness; being too lazy to transfer coins to wallets, too lazy to study projects, too lazy to learn; diligence can eliminate all problems, while laziness breeds chaos...
2. 99.99% of new concepts in the market have only one purpose: to deceive you into taking over.
3. Unless absolutely necessary, never do off-exchange trading.
4. If the profile picture shows a handsome guy or a beautiful woman, and their social media shows off their life and fitness while occasionally chatting with you about contracts, they are 100% scammers. The correct action: report + blacklist.
5. Remember, a cryptocurrency truly belongs to you only when it's in a cold wallet.
6. The wealth codes recommended by others are all poison that can take your life.
7. Besides Bitcoin, no other cryptocurrency is worth an all-in.
8. In the cryptocurrency space, there are many opportunities, but there are also many scammers. To navigate through the numerous pitfalls, you either spend money to step into them or follow someone experienced to avoid them. But... how many of these experienced people still have their hearts intact?
9. Always look at the essence. Don't be fooled by the scripts designed by people in open chat groups. If the mentor is making money like this, I doubt they would still take you along... Think back to the days of gambling.
10. Why does the cryptocurrency surge? It's not because the market makers are generous; it's because they urgently need someone to take over their positions....
11. The color of the heart determines the color of the cryptocurrency world; when you were young, simplicity was called cuteness, but when you grow up, simplicity becomes foolishness, especially in the cryptocurrency space.
12. When scammers use PUA tactics on you, they typically speak a lot of things you don't understand to intimidate you, such as 'nine times out of ten your withdrawal will be frozen...' and then promote their withdrawal tools.
13. Some things are clear to bystanders, while only those involved understand them. You must stay away from those who preach that the world can only be saved by 'blockchain.' True belief is rational and objective, not a scam.
14. Mindset is crucial; if you cannot endure a 99% drop in cryptocurrency prices, you naturally won't enjoy a hundredfold profit.
15. The three most harmful addictions in the cryptocurrency world: contracts, short-term trading, and new listings.
16. Hot cryptocurrencies are like thorny roses; they should be admired from a distance and not handled carelessly.
17. Stay away from those who constantly talk about 'essence', 'trends', 'the next Bitcoin', and 'dividend periods.'
People, stay grounded, and accumulate some major coins.
18. Don't be deceived by the dreams, futures, trends, and patterns that project teams talk about. Their dream is simple: you buy their coin, and their dream is instantly realized.
19. The fastest shortcut to trading cryptocurrencies is to be grounded, honestly accumulate your holdings, and never doubt your contributions. That is the premise for achieving great results from accumulated efforts.
This is the trading experience shared by the instructor today. Many times, your doubts have caused you to miss out on opportunities to make money. If you don't dare to try, engage, or learn, how will you know the pros and cons? You must take the first step to know how to move forward next. A warm cup of tea, a piece of advice; I am both a teacher and a friendly conversationalist.
Meeting is fate; knowing each other is a bond. The instructor firmly believes that if you are destined to meet, you will eventually do so from afar; if not, it’s fate. The journey of investment is long, and temporary gains or losses are just the tip of the iceberg. Know that even the wisest will make mistakes, while the foolish may find success. Regardless of emotions, time will not stop for you. Put aside your worries and stand up again to move forward.
I am Lao Qi, having experienced multiple bull and bear markets, with rich market experience in various financial fields. Follow me and pierce through the fog of information to discover the real market. Grasp more opportunities for wealth and uncover truly valuable chances—don’t miss out and regret it!
