Today I discussed a problem with a friend: how to make big money in the crypto world?
The big money referred to here is at least over 100 million, and the only factor that can determine whether you can make big money is courage. Courage is one of the essential factors for making big money. As long as you want to make big money, the kind that exceeds 100 million, you must have this mindset, and understanding; skills are almost irrelevant. This mindset requires you to not treat money as money, which is very difficult for most of us. When you have tens of millions, a 20% drawdown means five to six million, which seems like a huge loss to someone who has just become wealthy and cannot accept it.
Only when you can accept it, can the funds have the potential to move upwards; otherwise, they will remain stagnant forever. There is someone called Little Chives, who previously had 170 million in funds, but after holding onto positions, only 2.6 million remains. This is because he completely does not treat money as money, which is why he can become wealthy. If it were someone else, even me, from heaven to hell, I would have been crushed long ago. The reason he doesn't care is that he still has several hundred million, and his family is also very wealthy. Very few people can not treat money as money when they are out of money; Liangxi is one such person, and he indeed has a talent in this aspect.
Many people cannot make big money in the crypto world because they start off with a lot of courage and then begin to lose, becoming increasingly timid. At this point, there is basically no hope. Don't even think about making big money; it's already very difficult to make any money.