#Crypto wants to extend a topic: long-termism in the cryptocurrency circle.

There were several friends who entered the circle at the same time as me in 2021, and some of my friends around me were influenced by it and joined the circle later.

✅ Among these samples, there are probably several categories that can be considered as "running out":

1. Lumao: The field with the highest profit and loss ratio in the past few years, the real low-threshold era dividend, will not be elaborated in detail.

2. Investment research + arbitrage: requires relatively high comprehensive capabilities, including breadth of knowledge + industry understanding + investment research depth + reaction speed.

Investment research cannot be done at the level of an intern who simply writes reports for institutions. It means that you really understand and can find risk-free profit opportunities that others cannot find. Only then can you graduate.

(From another perspective, you will only write reports if you are not up to the standard and cannot find trading opportunities. If you are up to the standard, of course you will get the meat.)

3. MEV, quantitative: requires programming + mathematics skills. Typical low risk + high threshold + high return, of course, it also becomes extremely involuted over time.

Let me put it this way, if you understand MEV in 2021, it will be easy to earn 1M USD per month.

22 years, maybe one year.

23 years, very curly, but still at the top of the food chain.

It took 24 years to get big meat on the head.

❌ Most of them are negative examples, and have been learning to "speculate in cryptocurrencies". Buying local dogs, playing NFTs, and hanging out in various "crypto groups".

There have been moments of sudden wealth (but relative to the capital entering the circle, the absolute value is not high), but eventually everything returns to the mean.

I have a professional CPA + tax accountant friend who has been in contact with Crypto for several months and is still learning how to trade cryptocurrencies and open contracts. I question why he doesn't use his professional abilities to explore the financial, tax, and compliance needs of the cryptocurrency circle to make money.

It's okay to bet on the size of the bet if you really have the skills. Giving up your own knowledge barriers and becoming a leeks to compete at a lower level is really a bad idea.

💰 The long-termism in the cryptocurrency world is no different from that in other industries: no matter what direction, spend your energy on building barriers and doing things that no one else has.

In the cryptocurrency world, "cryptocurrency speculation" is the most herd-like, most trendy thing, and the least worthwhile thing to invest time in. Without good fortune, even if you learn "cryptocurrency speculation" for ten years, you will probably still achieve nothing. These imaginary gains cannot be verified, let alone repeatedly verified.

For me, risk control is the essence of trading and life. Even if I go bankrupt one day, I can still choose to go back to my old job as a product manager. Thanks to my brain not being rusty over the years, I will most likely be able to find a job with a higher income than before I entered the industry.

Putting aside the element of luck, doing the right things should make your safety cushion thicker and thicker.