The Principles of Making 10 Million in the Crypto Circle

Making 10 million doesn’t require you to have extraordinary abilities; you just need to understand the principles of making money.

First, you need a catalyst, and this catalyst is the cash flow from your off-market income. For example, 50,000 to 100,000 a year. It’s to ensure you don’t miss opportunities by having to sell assets.

Second, when facing good opportunities, such as a bull market in the crypto circle or a bear market, do not invest excessively. This excess does not mean you cannot heavily invest, but you must not let this joy cloud your judgment and lead to excessive actions, much less leverage, borrowing, etc.

Having achieved these two points, the third is that you need a bubble opportunity. A bubble opportunity refers to when everyone's assets are skyrocketing, and when playing the same target, everyone is wealthy. At this time, make sure to sell, turning the bubble into art. The market can allow everyone to have unrealized gains, but it cannot allow everyone to make money. When everyone has unrealized gains, that is the bubble opportunity, so decisively sell.

Moreover, you need to have experienced 1-3 bubble opportunities, mastered the methodology for deflating bubbles, and use the money without any purpose to buy during non-bubble times.

If you purely hold on, you will most likely not be able to hold it. You must actively use the methodology; it’s not just about holding. If you have a lot of money, you can hold, but if you have little, you need to give up some sense of security to gamble on bear market cycles.

When everyone advises you not to buy, and everyone says it cannot be bought, there is a huge cognitive gap inside.

They are the source of your access to bubbles. If they all say it’s good, you will definitely get swept away, and there won’t be any opportunities.

Assets that are prone to bubble bursts must not be altcoins or air coins; if you sense a possibility of dying, you cannot choose them.

It must be something that can cross two cycles and continue to rise; only BTC is certain.

Another aspect is the mindset.

There’s a question I’ve always been particularly conflicted about: if I don’t get married or have children in my lifetime and live frugally to become wealthy, then when I grow old, I’ve developed a frugal habit without any heirs to inherit my wealth. Isn’t that quite sad? But if I don’t do this, I might also end up broke when I’m old, which is also sad.

Rest assured, living frugally won't make you a wealthy person. If the process of making money doesn’t make you interested to the point of losing sleep and meals, and you don’t have any intrinsic motivation beyond making money, you won’t be rich, nor will there be anything for others to inherit.

You must spend when you need to; live a normal life. I once walked the path of frugality; this path is the behavior of a madman. I now understand that it is actually wrong. Most people cannot get through it and will eventually suffer a mental breakdown.

After making 10 million, how to keep it.

1. Some targets are opportunities of the era; the next one will take time to wait for; there will be similar assets after BTC, but you have to wait.

The targets may change, but human nature does not.

2. Can you maintain the same level of consumption after having a net worth of 10 million; it’s not about saving but maintaining the previous level, this is key.

3. You must not inflate and create chaos; when you have money, starting to spend recklessly is a sign of decline.

4. Break free from the cognitive pressure caused by social relationships at all levels, such as when others ask to borrow money, seek investment from you, or emotionally blackmail you.

Some people will be taken away by women, others by friends. Once you have money, there will definitely be people trying to extract money from you.

You are the client of everyone around you; you must remain vigilant. Most people cannot get past this barrier.

Those who get through will lose a lot and gain loneliness.

I’m done writing. Keep going! I am Crypto Xiaoxun, an old investor mainly focused on arbitrage and holding coins in the crypto circle (if you want to delve deep into the crypto world but can't find a direction, and want to quickly get started).