There is indeed a possibility of getting rich by trading cryptocurrencies. I have been in the cryptocurrency space for 3 years and know about 150 friends, among whom 10 have earned over 1 million dollars, and 3 have earned over 10 million dollars.
Now I will introduce the earning experiences of these three friends to prevent anyone from saying I am speaking without basis.
A Friend: He was originally the deputy director of a bureau in Zhengzhou, Henan, with a relatively well-off family background. He entered the cryptocurrency space with about 100,000 dollars, mainly participating in primary market transactions. At first, he quickly lost 100,000 dollars down to 10,000 dollars. But he was not discouraged and recharged with 50,000 dollars. He then joined a Telegram community, learned the correct trading methods, and gradually achieved a break-even point. His process of getting rich actually involved three key actions: first, he invested heavily in a DeFi project called butterswap, earning 500,000 dollars from 60,000 dollars; second, he heavily invested in Raca's chain game project, earning 4 million dollars from 500,000 dollars; third, he spent 6 million dollars to set up a chain game studio, ultimately earning 12 million dollars.
B Friend: He is originally a vocational student and previously worked on a project involving script-based purchasing of Maotai, so he is very familiar with coding. After entering the cryptocurrency space, he became one of the first 'scientists,' earning 10 million dollars in just six months (his first transaction with Xing Sha was completed by him).
C Friend: He was previously a 30-year-old office worker, and his first cryptocurrency was shib. He made 5 million dollars with just 1,000 dollars invested in shib. Later, he opened an exchange starting with 'c,' making a stable profit of around 3 million dollars each year.
It can be seen that the probability of making money in the cryptocurrency space is relatively higher compared to other industries. However, it is important to remember that whether in cryptocurrency or trading, it is essentially a zero-sum game—if someone makes money, there will definitely be more people losing money. Frankly speaking, these so-called myths are either due to exceptional skills or extraordinary luck, and they do not hold much reference value for ordinary people.
For an ordinary person who wants to enter the cryptocurrency space, my advice is—
Try to avoid losing money first, at least understand all the ways of playing without losing everything.