Today I discussed a problem with a friend: how to make big money in the crypto space?
The big money referred to here is at least over 100 million. The only factor that determines 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, along with understanding and skills; it has almost nothing to do with a small amount of money. This mindset requires you not to 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 looks like a huge loss for someone who has just started to get rich and cannot accept it.
Only when you can accept the loss can your capital have a chance to grow; otherwise, it will be stuck forever. There is someone called 'Little Leek' who previously had 170 million in capital, and after holding onto positions, he ended up with only 2.6 million. This is because he completely does not treat money as money, so he can become wealthy. If it were someone else, even me, going 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 treat money as not money when they are broke; Liangxi is one of them, and he indeed has a talent in this regard.
Many people cannot make big money in the crypto space because they start off with a lot of courage and then begin to incur losses, becoming more and more timid; this is basically hopeless. Forget about making big money; even making any money becomes very difficult.