Many people in the crypto space have made 1 million, very many. But making 10 million by yourself and summarizing a methodology for ordinary people to make 10 million is completely two different matters; the latter is obviously much harder.
The thinking method is to break down 1 million into three tenfold opportunities, find corresponding opportunities at the first, second, and third tenfold, and replicate profitable operations 100 times in each tenfold. I think these ideas are very practical, scientific, and effective.
So how to make 1 million in the crypto space?
Let's start with a basic theorem:
In a lifetime, you only need to hit three tenfold coins.
Prepare 1,000 dollars, which is funds that you can take or leave.
Then 1,000 - 10,000, 10,000 - 100,000, 100,000 - 1 million.
1 million dollars can basically be considered a small goal.
If you don't even have 1,000 dollars to start, or if that 1,000 dollars is not crucial for you,
Then just work and study like crazy; investing may not be suitable for you.
Because at this time, your ability to bear risks is too low.
Once you go all in and fail, it can be said that the probability of failure is very high, and it can seriously affect your real life, making it not worth it!
Don't know what to learn? English! Can't find a job? Food delivery!
If you are only satisfied with wanting 1 million RMB, then just change the unit or scale freely. The principle is the same.
First, your current task becomes to continuously find 3 'tenfold coins'.
Why put it in quotes?
Because it doesn't necessarily have to be coins; it can be a risk-free arbitrage opportunity, DEFI mining, meme coins, NFTs, or any other asset...
Let's talk about it in detail below:
The first tenfold, from 1,000 to 10,000, can be very, very broad.
For most investment targets, liquidity is generally sufficient.
First, you need to close your eyes and recall what project made you the most money or what you were most confident in making money with.
If this 'money-making project' can be replicated, then repeat the profitable operation 100 times!
If you can't think of it or haven't earned your first pot of gold, then I personally think the best options at this stage are two.
1. Grab airdrops
As for how to grab airdrops, because each project is different, essentially everyone knows that this part of the cost is very low.
2. Find ways to get popular NFT whitelists.
The basic idea is to find popular projects and grind for the whitelist. It requires some cleverness. Small cleverness is also not excluded.
Don't think it's impossible as soon as you hear it; I really can't put in the effort. In fact, the higher the quality of the project, the lower the threshold for ordinary people, but it requires effort in research and innovative thinking.
Most NFT projects support creators to get free tokens. If someone thought about building a snowman, if you're the bear project party, then build a bear; if you're a monkey, then build a monkey. A salted fish can be just a few bucks.
Project parties will have various lotteries, Twitter retweet lotteries, Discord lotteries. Create numerous small accounts to participate and increase the chances of winning.
Even the most primitive method: chatting. For hard-to-get projects like hape, several of my friends go to clock in every day like at work to keep the rhythm. After mastering the 'method', they all got free tokens.
As long as you are willing to think, there are always more solutions than difficulties.
But if you have no ideas and just want to follow the crowd, then you really won't make it.
The cost of this part depends on the project; the key is to accurately identify the project. If you manage multiple accounts, it still requires some cost. A cost of 10,000 dollars should be enough in the current market.
All content does not constitute any investment advice! Everyone needs to make their own research and judgment.
3. Meme coins and contracts
This is not the best solution, and I strongly advise against trying it. The reasons are well known, so no need to elaborate.
But if you have exceptional talent, you can indeed earn a high multiple in a very short time.
Not going to elaborate for now, we can chat separately when there's a chance.
4. Participate in IDO, IEO, private placement, Coinlist public offerings, etc.
This part of the threshold is actually still relatively high.
Currently, public market IDO and IEO require a principal investment, and the risk of losing the principal may be higher than the profit.
It mainly depends on the project and luck. This part will require specific project analysis later.
The private placement part requires assistance from benefactors.
If you have friends working in large institutions in your social circle, you can keep in touch often. If a good project comes up, you might get a chance to take off.
Currently, institutions are also very tight on project quotas, investing a few thousand or ten thousand is possible.
Still, it’s not random investing; you need to understand the project. Reliable projects suggest going all in.
A simple idea is that investing in projects means investing in people. If you don't understand the project, just rely on whether the person is reliable. A reliable person's project is generally also reliable.
5. DEFI mining
As of now, old mines basically have no significant profit space.
You need to continuously pay attention to new projects.
The earlier you enter, the more opportunities there will be for tenfold returns.
Because different projects have very different gameplay, I won't elaborate on this. Different projects have different ways to play.
Overall, the most important point in 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 you may have to lose a lot before you realize how to make money.
It's also possible to realize after a series of operations that you're really not cut out for this.
If you're really lonely, you can find some like-minded people to team up.
It's important to exchange information and encourage each other.
Chat and find someone who resonates with you and has a similar asset level, to achieve common prosperity.
Congratulations, after smoothly getting the first tenfold bonus, you are very close to success.
The second step is from 10,000 to 100,000, you can use the simplest but very practical method, which is to repeat the first step 10 times.
Simple and straightforward, but practical.
For 10,000 dollars, take 1,000 to repeat the first step. The remaining 9,000 dollars you need to wait patiently for an opportunity.
Every year, miracles happen in the market, and there will always be divine coins appearing.
Such coins are generally based on a tenfold increase. Some may even reach 100 times. LINK, AAVE, YFI, AXS, LUNA, MATIC, BNB......
And your goal is to lock it in advance. Go all in. Sell at a high point.
It sounds difficult, but it's really damn hard to do. Almost impossible.
To put it simply, if a coin increases 10 times, we want to capture a 3-5 times increase in the middle, which is completely possible.
These kinds of coins will have a strong consensus; as long as you are slightly perceptive, you will definitely sense their popularity.
If it’s a bull market, then the overall market may rise more than twice, making it easier for you to choose coins. You might randomly buy and end up with tenfold coins.
If it's a bear market and everyone is falling, but there's a coin that keeps rising against the trend, I'm sure you won't be unaware of it.
After finding this coin, you need to develop a detailed strategy.
How to enter? Is it to go all in after a pullback, or dollar-cost averaging, or going all in at the current price, or buying in batches?
Then if it's your own judgment error, when to stop loss?
If it’s a fake drop, should you still get in? If it keeps rising without a pullback, should you just rush in?
Questions like these need to have a response strategy thought out in advance. Then, confidently get in.
No matter how the market changes, you're already prepared.
This way, you will be able to hold on for a long time and not be washed out of the market by a small fluctuation.
Of course, this also requires some luck. Good luck is also part of strength.
After completing the second step, what you urgently need to do is to calm down.
Many people will become inflated after making money.
Then you might play around randomly and end up losing everything to yourself.
Go back to the first step and start over.
So at this stage, the main thing is to overcome your inner desires. Calm down to complete the final major task.
The goal for the third phase is from 100,000 to 1 million. Although the same tenfold increase applies, the difficulty is significantly higher.
I personally think the luck factor at this stage is already very low.
If you achieve your goals, it largely indicates that your cognition and strength have risen to a new height.
Conversely, this means you need to crazily improve your cognition and knowledge level to achieve your goals.
You need to have a thorough understanding of the entire market. You need to have a strong learning ability and an extremely strong psychological quality.
To achieve these goals, you need to keep learning and enriching yourself. Make yourself stronger.
When your knowledge reserve and cognitive ability break through that critical point, you'll find that this stage is not that difficult.
The main goal at this stage should be in public chains, platform coins, and emerging markets (such as NFT, WEB3, SocialFi, etc.).
The projects you invest in need to have a very high ceiling, significant development potential, and also need to align with the current environment.
Specifically, you may need to wait for an opportunity, events like 312, 519 black swan events could be the biggest opportunities.
You can take a small portion of money and infinitely repeat the first and second steps, making money while learning and searching for your all-in target.
Large funds can go to DeFi to find those safe and stable mining opportunities, earning interest is also very appealing.
After finding the goal, patiently wait for the opportunity to come.
You can invest regularly, or buy in batches.
After buying, verify your logic. Because at this point, you are already very strong, and I think the winning rate will be very high.
The last step will be a big cycle, not an overnight wealth.
So be prepared to befriend time.
Market explosion, asset doubling! Brother Biao will guide you to ambush in advance and firmly grasp the main rising wave.
Keep an eye on: SPK, FIDA
