The basis of this topic is actually the capital. It is completely different for a person to earn 10 million from 1 million and 10 million from 10,000.
The former is completely achievable in the cryptocurrency world, but the latter is a fantasy. We only talk about feasible things and provide feasible ways to make 10 million. The first way must be to increase the value of the underlying assets.
The asset bubble in this world is always cyclical. It is determined by people's hearts and the market and is unchangeable. No one can ever eliminate the asset bubble.
Therefore, the path for ordinary people to achieve a net worth of 10 million is to buy certain assets during the undervaluation period, and then get out of the bubble early in the later stage - for ordinary people like us, with a principal of, for example, 1 million, it may be achieved in one cycle. For those with a smaller principal of less than 1 million, it is necessary to master some methodologies and grasp several cycles to achieve it.
There are three core elements here: one is the target asset, two is the capital, and three is the cycle. So what target asset should be selected, and how to make 1 million earn ten times?
1. Find assets that are highly unlikely to fail.
2. Super heavily invest in things with clear bubble cycles.
3. When everyone around you says it's not possible, slowly continue to buy. It's best if this thing also has a buying threshold, then it’s even better.
4. If you don't know when to sell, then set a reasonable goal for yourself. For example, when total assets reach 10 million, exit decisively.
Looking at history, the only asset that meets such criteria and is accessible to ordinary people is Bitcoin.
Bitcoin is an asset that has increased millions of times. If you consider a cycle of three to four years, it never traps people—it's either at a new high or on the way to a new high. Can you find a better investment than it?
No, because for at least half of its 15 years since its inception, it has been the 'best investment of the year worldwide,' far ahead of all others. The data is there.
Some people say, should we buy some altcoins to earn quick money? I found a few hundred times coins; wouldn't I earn 10 million in half a year or a year? For instance, buying TRB and WLD last year and selling them in the first half of this year.
But have you ever thought about putting in everything you have, like 1 million?
When you tell people outside the circle that you are investing in Bitcoin, they will definitely think you are speculating for quick money. In reality, for those in the circle, holding Bitcoin is the most conservative investment in the crypto space and is recognized as slow money. Note that slow does not mean earning little.
So we are inherently in a speculative industry; if you are speculating on altcoins and hundred times coins in a speculative industry, you will ultimately just be wasting your efforts.
Then someone asks, how fast is considered fast, and how slow is considered slow?
This issue is variable depending on the person, time, and ability. For me, Bitcoin was quick money ten years ago, while other traditional assets were slow money. However, since a few years ago, Bitcoin has become my slow money, while other opportunities in the crypto space are quick money.
For you, Bitcoin might be quick money; then you shouldn't chase after those so-called 'faster money.' Where is its boundary?
The essence of slow money is the returns you can grasp—as long as you can manage the returns, techniques, and logic, it’s all slow money. If you face something and can't even fully grasp a lower-risk similar asset, then it's all quick money. You can try, but can't go all in.
On the same road, what seems safe to an experienced driver is all profit; but from your perspective, it's full of pitfalls and only risks. Sometimes it's not that the road itself is bad, but your driving skills aren't qualified to drive here.
All investment masters teach us to earn slow money, like Buffett, who teaches us to become rich slowly. Meanwhile, all the gamblers are trying to find out where they can get rich overnight.
So the conclusion seems very clear: chasing quick money is basically a wrong mindset; earning slow money is the true path. If you can't hold on and look down on low returns, then you have a loser mentality and deserve to not make money.
We look at all good things that can experience repeated cycles of new highs; in the end, they will flow to those who can hold without selling.
For example, super-rich individuals, top enterprises, and governments—so long as most aren't in their hands, every time a new high is created, there needs to be another wash, and the proportion held by higher-quality holders will continue to increase, while the number available for retail trading will continue to decrease.
If you can't achieve this, then it's not good enough; it can't withstand cycles and will head towards zero—investment products also have a process of elimination.
The process is brutal.
So, the most feasible way to earn 10 million in the crypto space.
1. You'd better have 1 million in capital.
2. Choose Bitcoin as the target asset.
3. Able to hold on, decisively exit when reaching 10 million; if not, just hold on.
In practical terms, with limited funds, if one cycle isn't achievable, then it becomes two cycles.
These days, I am preparing for the layout of a divine order that is about to start!!!
Comment 168, let's get in!!!
Impermanence leads to impermanence leads to impermanence leads to!!!
Important things should be said three times!!!
