Navigating the Growing Crypto Industry: Challenges and Opportunities
As the market value of the entire industry expands, everyone's wealth scale should also have experienced changes. Which stage of your personal wealth growth journey do you think is the most difficult? And please share what makes this phase so challenging.
Weibo exploded before. Here is the advice I wrote on Weibo N years ago for newbies: How to make $100 million from a capital of $1,000 in the blockchain industry?
Within $100,000
Learn more and do more.
Brush up on the airdrops of core track DeFi projects and brush up on the whitelist Mint of popular NFT projects. This stage requires a lot of time to obtain information, analyze and research to judge potential projects, and you must have strong execution and perseverance in harvesting wool.
$100,000-$1 million
Don't use leverage to speculate in currencies, and don't play with contracts.
On the new public chain and L2, follow the rules of the time machine to find potential projects and obtain chips at low prices; find your tenfold coin.
1m - 10m knife
Choose your currency standard BTC or ETH, etc., and study in depth; trade appropriately, don’t short, don’t short, don’t short!
Flexibly use low-leverage DeFi lending protocols to improve capital utilization. You can use platforms like dydx to obtain Token rewards while trading.
Observe more, arbitrage more, stick to the currency standard, and pursue currency-standard growth; don’t be greedy to participate in every hot spot and make every penny, obtain stable cash flow through arbitrage, staking, etc., have a stable mentality, and treat it indifferently, whether your wealth level Breakthroughs are left to time and industry development.
10m - 100m knife
Once the assets exceed a small goal, improve the life of your family, read more, exercise more, change your personal perception and circle, hold on to the core assets, and pursue low-risk, stable value-added and good cash flow without stepping into big pits. .
Don’t play with contracts, don’t start a business, and be careful to avoid falling into pitfalls.
Maintain a certain amount of currency-based assets and avoid miss the pump.
Maintain a certain amount of stablecoin assets to obtain stable cash flow. At the same time, you can deal with emergencies in life, and you can also have bullets to buy the dips when prices plummet.
Invest 10-15% of your assets in a track that you are optimistic about, so that you have something to do, and at the same time, you can prevent yourself from being cheap.
