Recently, various profit-seeking projects have launched airdrops, and friends in the group are reaping the rewards, which is truly delightful. Without further ado, let me share some valuable tips.
Tips for Withdrawal: When withdrawing in bulk, using OKX's whitelist mechanism can cleverly bypass cumbersome verification, greatly improving efficiency. Moreover, compared to Binance in most scenarios, OKX's withdrawal gas fees are lower, helping us save on costs.
Diverse Options for Cross-Chain Bridges: Don't just focus on one cross-chain bridge like the little UFO; other tools like Bungee and Jumper are also quite useful. Learn more and try out different options to find the one that best fits your operations.
Pledge Protocol Calculation: Before using any staking protocol, be sure to calculate the expected rate of return yourself. Even if the estimate is not very accurate, this habit is essential. This step helps us anticipate profit risks and prepare adequately.
Consider Exit Strategies: Before entering, make sure to thoroughly research the exit mechanisms. Some staking projects require a 21-day unlock, while some official bridges require a 7-day wait for withdrawals. These time costs can easily be overlooked; knowing them in advance helps you plan your subsequent actions.
Official Help is Efficient: If you encounter problems, don’t panic. Go directly to the official DC Chinese area to search for similar situations. This area gathers a lot of firsthand experience, and the problem-solving efficiency is very high.
Information Discrimination is Key: Now, the internet is full of mixed information. Those free profit-seeking bloggers often mix in a lot of advertisements in their posts. We need to view this rationally; projects of interest can be explored further before getting involved. Never act impulsively or panic blindly; remember, there’s no such thing as a free lunch.
Smart Use of Fingerprint Browsers: Fingerprint browsers are actually quite limited in function, mostly confined to tasks like harvesting on social media like Twitter. If you don’t have the energy for such tasks, don’t waste money buying them. They aren't as miraculous as some advertisements claim. For instance, I’ve used a fingerprint browser for over a year and have never made significant profits; actually, 99% of major profits come from on-chain operations.
Beware of Merchant Tricks: Some merchants immediately try to trick you into buying a set of three plus a fingerprint browser, especially Bit and Morelogin, which advertise aggressively. We need to be vigilant and not fall into traps so easily.
Wallet Selection Strategy: The security of a wallet is always the top priority, followed by ease of use. I recommend Metamask, and OKX wallet is also good. As for some domestic wallets, like imtoken, tokenpocket, and the recently heavily promoted BG wallet, use with caution.
Stay Away from Industry Risk Points: 'Stay away from Brother Sun' – everyone understands this phrase. Anyone who has been in the crypto space for a while knows Brother Sun's nickname as the 'industry grim reaper.' Following his projects carries high risks, so avoid them as much as possible.
Project Identification Insight: When you see articles about 'big profits' and 'self-defense,' be sure to carefully identify them. Some are indeed rare good opportunities, but some are purely attention-grabbing gimmicks. You need to judge based on your own knowledge and experience.
FUD Emotion Immunity: When the market is down, various FUD (Fear, Uncertainty, Doubt) statements are rampant. We must not be led astray by influencers. Just like a few days ago, someone spread rumors against staking, but in reality? Over the past six months, if you researched earnestly, even if Renzo’s performance was underwhelming, the annualized return was still 25%, and Mode reached as high as 35%. If you play with multiple strategies, the annualized return could be at least 60%. This is not against staking! If combined with the upcoming Eigenlayer, the returns could go even higher.
Mining Risk Hedging: When using so-called 'golden shovels' for mining, first consider how to hedge against the risk of falling prices. Carefully calculate the profit-loss ratio; only proceed if you find it worthwhile. Don’t just look at the immediate mining returns and ignore the potential risks behind them.
Project Profit Insights: In profit-seeking projects, about 60% of them have average returns, 20% might be potential dark horses, and of course, another 20% hide anti-profit risks. So, be sure to conduct thorough preliminary research.
New Track Gold Digging: Remember, the real big profits often appear in new tracks and new stories. Pay more attention to industry cutting-edge dynamics, layout in advance, and you might just catch the opportunity for explosive wealth.
Key to Position Management: Position management is crucial. Never act impulsively and invest more than 30% of your position into a single project. If the project fails, the losses can be severe. Steady and secure approaches lead to long-term profits.
Self-Improvement Never Stops: If you want to thrive in the crypto space, you need to find ways to enhance your soft skills. Besides financial investment, learn more foundational knowledge, understand blockchain, smart contracts, and other underlying principles. This knowledge can help us break through the ceiling of personal development and go further.
Information Game Lasts: In the crypto space, information asymmetry will always exist. We need to keep learning and communicating to minimize information gaps and secure a favorable position in this game.
Lastly, I want to remind everyone that investment in the crypto space is extremely risky, and harvesting profits is no exception. Always operate cautiously; preserving your capital is the key.
