A true story of a friend around me.
He is a worker with only a few thousand yuan salary each month, unsure of what to do. Every day is just going to and from work, with a future full of uncertainty. Later, he came into contact with the crypto world.
At first, like many people, he was misled by the hype of altcoins.
I remember the crash on May 19 that year; he lost a full 3,000 yuan, leaving him at a loss. He didn't know what to do next.
After that, he tried to participate in the public offering of coinlist accounts but encountered a situation where the seller ran away, resulting in a loss of 2,000 yuan. In this half year, I not only did not make money but rather faced continuous losses, which made me start to doubt the correctness of this path, even affecting my studies.
Until one time, I participated in an airdrop on the decentralized contract platform dydx and received several hundred thousand tokens. This surprised him greatly. Therefore, he decided to develop in the direction of airdrops. Although he did not have enough initial capital at first, I was not discouraged. He began to participate in various low-cost airdrop projects such as matcha, slingshot, clipper, superfluid, etc. Although some projects have yet to airdrop, he did not give up.
Later, when news of airdrops from Ethereum's Layer 2 protocol, optimism, came out, I received 2,496 op tokens. After selling them, I exchanged them for 20,000 yuan, with a cost of only 50 USD. This gave me a taste of airdrops, so I continued to work in that direction. During the summer vacation, while learning to drive, I participated in interactions with projects like zksync, zigzag, argent, rabbit, and safe, striving to accumulate experience.
As time goes on, I continue to participate in various airdrop projects, including the move language-based layer1 project aptos developed by the Facebook team.
the airdrop, as well as the airdrop from Ethereum's layer2 solution, arbitrum. I am also participating in the sui network.
Interacted with a hundred accounts on the testnet. All this effort finally paid off at some moment in 2023, and I earned less than twenty thousand yuan.
However, the real gains came later. When the exchange zigzag on zksync 1.0 announced an airdrop, I received zz tokens from the airdrop, sold them, and earned 40,000 yuan. Then, after arbitrum announced an airdrop, I earned another 160,000 yuan. I continued to learn and participate, accumulating wealth bit by bit.
In the coming time, I will continue to consolidate layerzero, starknet, and also opened a new account to participate in the airdrop of zksync. My time and financial costs are enormous, but I persist tirelessly. Until recently, starknet.
foundation announced that they were about to take a snapshot, and on Valentine's Day, they announced the airdrop results. Although I lost the qualification for 150 accounts due to insufficient account balance, the remaining 50 accounts received 45,000 strk tokens.
, currently valued at 680,000.
It is now April 2024, and I have been in the crypto world for three years. Starting from 5,000 yuan, I have experienced countless setbacks and efforts, and finally earned my first one million yuan. This is not only an accumulation of wealth but also the result of my relentless exploration and struggle over the past three years.
In addition, I will share several currently most commonly used methods to make stable profits in the crypto world.
These methods of making money seem very simple and easy to accomplish, but when you actually try, it may not be that simple. According to statistics, very few people in the crypto world can simultaneously achieve these points. Those who do succeed almost all make money.
These four methods are progressive. The first method is relatively easy to achieve, the second method has the highest yield, the third method has the highest threshold, and it will become increasingly higher from now on. The last method is the most difficult to achieve; those who succeed almost all become rich.
Okay, let's first talk about the first method, which is regular investment: a foolproof investment method that almost everyone in the crypto world knows. It seems simple, but very few people can stick to it.
The first method of regular investment: I did a public investment in 2018, with a return of over 500%. Although I only invested 4 times this time over two months, I just calculated that my total investment was 31,828 USD, and my total return was 11,253 USD; the overall return rate has reached 35%, and this is just the return over two months.
This return is much more stable than the 90% of people in the crypto world who trade short-term and contracts. Moreover, I sleep soundly.
The second type of investment is investing in yourself: what does value investment in yourself mean? It means continuously updating your understanding every day. In the crypto world, one day for others is like a year for us; we need to look at this world with a developmental perspective. The world is changing, the crypto world is changing, so our understanding must also change. Specifically, how to invest in yourself?
Let me recommend a book, just a book that changed the trajectory of my life. This book is called Micro Habits. What are micro habits? If you want to get fit, do one push-up every day, just one. When setting goals at first, you must keep them low, something you can easily reach, and then do it every day to develop a habit. Because humans are creatures of habit, 70% of our behavior is governed by habits.
For example, in my program recording, I initially set a requirement of just 1 minute for myself, with no content limit, anything could be included, even reading a text was fine. After a few months of persistence, I upgraded to 3 minutes, then to 5 minutes, 8 minutes, and now I can chat for several hours during a live broadcast. Over the past four years, Himalaya has witnessed my growth. This is a micro habit; starting today, you can also set a micro habit for yourself, like reading one page of a book every day or recording 15 seconds of Douyin daily. Don't worry about quality; quality will naturally result when your quantity reaches a certain level. Quantity change can lead to quality change.
The third type xx: I just looked at the returns. The 588 I listed on August 6 last year has already recouped 600%. Considering the machine's residual value, there is a 7-fold profit, and by today, September 10, it has been just 13 months.
The 5700 listed in November last year has also yielded a profit of 300%, and considering the machine's residual value, it has more than four times the profit.
The 588 listed in January this year has also recouped 210%, considering the machine's residual value, it has more than three times the return in 8 months. These are real data, and over 1,000 little friends have witnessed this data.
The fourth type is to hold Bitcoin and Ethereum long-term.
, this is something very few can achieve, 9 is a special case. Of course, more aggressive students can buy some small coins to hold long-term. Starting this year, the crypto world is no longer just the territory of Bitcoin and Ethereum. In the next bull market, there will definitely be another coin whose market value exceeds that of Bitcoin. I am very sure of this.
So, you can also choose 2-3 small coins to hold long-term. In the future, I will choose a few to put in our paid group.
Some people say, what is the difference between long-term holding and regular investment? The difference is significant. Long-term holding is only suitable for experienced investors who are optimistic about the long-term value of Bitcoin and Ethereum and can endure loneliness. If you are a new investor who has just entered the crypto world, this method may not be suitable for making money because the volatility in the crypto world is too great. A sharp drop can throw you off the ride.
Where does the difficulty of long-term holding lie? The difficulty lies in the fact that in the future, you will hear countless attacks on Bitcoin and Ethereum, and these voices may come from national mainstream media or authoritative experts, and they seem quite reasonable. You will repeatedly doubt whether your decision is correct.
Especially when the price of a single coin drops sharply, you will repeatedly ask yourself this question and have great doubts about yourself. If your decision to hold Bitcoin in the long term was an impulsive decision made after listening to my program, then you are likely to struggle to hold on, and it is very possible that you will sell during a sharp drop one night. When you review, you will find that an astonishing coincidence has occurred: why do I always buy at the highest point and sell at the lowest point?
Because your understanding is not enough. If you have done well with the first three points: regular investment, investing in yourself, and mining, the fourth step will be a natural outcome without effort.
Why is that?
Because regular investment will reduce your risk, and continuous learning will continuously improve your understanding. Mining can provide stable cash flow. For example, if you have 10 machines with 5700, the daily net profit is over 1,000 yuan. If your monthly expenses are 30,000 yuan and you are not particularly extravagant, it is generally enough. Therefore, if you have mining machines, you won't be forced to sell coins due to life problems. Only then can you hold long-term.
It can be seen that long-term holding requires not only credit but also strategy and a stable source of income.
Recently, I plan to ambush a potential coin that is set to explode; doubling is quite simple. At the same time, I am also preparing to find some potential coins to hold until the end of the year, expecting a space of more than ten times is not a problem, following the trend and eating meat down to 999.
