Two years ago, I had nothing.
Today, I have a fortune of $2.1 million.
Many people find it difficult to enter the cryptocurrency space without funding.
Here are all the steps I took from scratch 🧵👇
1/➮ If you are starting from scratch, there are two key points to remember:
Need to take risks.
Look for areas where there is no competition.
☩ If you just want to buy a coin and become a millionaire, it is best not to enter the cryptocurrency space, you will lose money.
2/➮ Find areas without competition
Wealth often lies hidden in unknown places.
To turn three to five figures into serious wealth, you have to keep searching and developing.
The biggest profits come from areas that are not currently hyped but may become popular in the near future.
3/➮ Adventure
Once you’ve found a niche and mastered it thoroughly, it’s time to take the plunge.
But that doesn’t mean you should spend all your money on a random memecoin hoping it will grow.
Reasonable risk does not involve blind hope.
4/➮ Now let’s get into the specific areas where I see potential.
But there are two things you shouldn't do:
Leveraged Trading
Buy coins with larger market capitalization
☩ Becoming a profitable trader takes years and a lot of money.
Three ways to make money with minimal starting capital
1/➮ Meme Coin
☩ Despite the inactive market, the next outbreak is coming.
☩ Memecoin is the most popular field at present, you can get 50 times, 100 times or even 1000 times the return with minimal skills
Report.
➮ PumpFun
This is the memecoin niche I’ll be focusing on.
Although most coins will turn out to be scams,
If you invest enough time and stay in the market 24/7, you have a good chance of finding the next 100x gem.
2/➮ Airdrop Mining
Judging from the recent $ZRO and $ZK, the key rule is to tap into lesser-known airdrops.
☩ Here are some tips for discovering new airdrops 👇
➮ Browse DefiLama
Visit: https://defillama.com/airdrops
Sort by "Listed at"
View the list.
☩ The newer the listing, the more likely you are to have time to qualify for a potential airdrop.
➮ Research all projects on social media
You won’t always find airdrop information on X.
Instead, check out Discord and TG and read the chat discussions, all the information you need is there.
Also remember: protocols often deny airdrops for legal reasons.
3/➮ Crypto work in Web3
The best way to earn your first money and learn about crypto is to find a Web3 job.
Many companies are looking for people to help develop their projects.
➮ It is best to choose a company that plans to issue a token.
Most of the time you work remotely and anonymously, which is a great place to start.
Salaries are paid in cryptocurrencies or tokens, depending on the project.
➮ Your main goal is to identify your strengths and keep knocking on doors until one opens.
☩ In the cryptocurrency space, it’s your knowledge that really matters, not a degree or other formal qualifications.
in conclusion
I am launching my $50 to $50,000 challenge. With the above strategies, you can start from scratch and gradually accumulate wealth. Remember, in the field of cryptocurrency, opportunities and risks coexist, and reasonable planning and continuous learning are the keys to success.
