Usually, a leek takes a bull-bear cycle to grow from sprouting to maturity, about 5 years.
For relatively dull people, like the author, it may take about 10 years to establish oneself in the crypto world, but I can't say that the first pot of gold guarantees a sustainable living.
Of course, unlike the average millionaires on Zhihu, being able to support oneself means being able to generate stable income in the crypto world.
The investment method is quite simple: accumulate coins in a bear market and sell in a bull market. Of course, investment strategies and returns are multidimensional, which I won't elaborate on here.
The saying goes that if you don't open for three years, when you do open, you can eat for three years. This is true in the crypto world more than anywhere else.
To earn your first pot of gold in the crypto world, you need some investment skills, but more importantly, you need luck.
Luck is elusive; after years of ups and downs in the crypto world, countless opportunities for financial freedom slipped through my fingers.
To really calculate how long it takes, you need to see if your luck is good enough; having strength is useless; the key is luck.
If you could buy a small ant coin for one yuan in 2017 and were also lucky enough to be caught by the police for three months, then after you come out, you are financially free;
If you also invested in bitcoin mining and got sentenced to several years, after you come out and quietly look at the ten thousand bitcoins lying in your wallet, you can reflect on it too;
If...
There are many 'ifs' in this world, but the key is luck.
There's no need for everyone to calculate how long it takes to gain financial freedom by buying low and selling high; this method is ineffective in the crypto world.
Even if you can buy at the lowest point, can you hold on to it?
If it rises 10 times, you can hold on; if it rises 20 times, you will definitely exit, but this 20 times won't give you freedom; it’s only a year or two of freedom, and there's a greater likelihood that you'll lose it in the next year.
Money earned by luck will eventually be lost by skill.
Years of experience tell me: we can only earn money within the scope of our understanding.
How many crypto tycoons bet on the crypto world without knowing anything, and as a result, they bet on FIL for instant financial freedom, only to have their wealth wiped out overnight.
Just a second ago, you were supporting my shoulder saying, "Xiao Jiang, look at us, we know nothing, yet earn more in the crypto world. It shows that knowing doesn't help."
In the next second, Xiao Jiang, I'm done for, I've been liquidated. I should have listened to you back then and not mindlessly long FIL.
The cruelty and bloodiness of the crypto world are things that many outsiders cannot comprehend.
Why did a family of three in South Korea commit suicide? Why did someone cry loudly on the high-speed train? Why did someone go to the rooftop after being heavily in debt?
The more you want to achieve financial freedom quickly in the crypto world, the more likely you are to go to zero overnight.
Risk and reward are directly proportional.
Contracts are not something you can't touch, but you must have strict investment discipline for stopping losses and taking profits, and it must be idle money to play with, so you can survive well in this circle.
Any investment tycoon would never go all in. The once high-profile short-seller of Tesla should have gone bankrupt after Tesla multiplied by seven times, but a rule of his investment discipline saved him, which is:
No investment should exceed 5% of total funds.
If you want to mix in this circle, you must manage risk well and be prepared to face black swan events at all times.
If you are a newcomer to the crypto world, the first thing you should do is to lose less money or even break even, instead of aiming to earn a pot of gold.
Such goals are extremely difficult for many people; the data shows that the probability of retail investors losing money in the crypto world is as high as 90%.
Most people in the crypto world are losing money.
And what most newcomers can see are the wealthy in the crypto world, so they romanticize themselves as the protagonists of the story...
Believing oneself to be the chosen one, thinking that by going all in just once, they can instantly cash out for financial freedom, and then chop wood to feed the horse... enjoy life..
There are indeed such stories in tales, but in real life, I haven't found any.
Every person I see, every expert, is as high-profile in a bull market as they are miserable in a bear market.
So follow me, let's make money honestly in the crypto world, and don't expect so-called overnight riches.
I once hoped to get rich overnight in the crypto world, just like everyone else; countless attempts, each time reality gave me a heavy blow.
We are all ordinary people; simplicity and stability are what truly matter!
Keep it up~ crypto people.
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