In this circle, the people who truly make big money are definitely the types described here.
1. Long-termists
Long-termists usually believe in holding coins for a long time. This requires more long-term thinking, having a long-term vision. Holding coins for a long time does not necessarily mean making money, but at least it won't lead to buying high and selling low due to price fluctuations; rather, it is a war of attrition. However, we need to be clear that what you hold must be mainstream coins.
However, there is another situation where mainstream coins might also drop to the point of being worse than pigs and dogs, like whether FIL is one of them. But in most cases, we still need to maintain a long-term mindset. Why long-term? Because only those who possess a long-term mindset are usually more rational, can withstand human nature, and maintain a clear mind.
Under a long-term mindset, for example FIL, Grayscale also shares the same long-term thinking, which is to maintain a continuous position. By holding a position for a long term, the average cost can be reduced, keeping a certain low price, and selling at the right price. However, 80% of people in the market choose to cut losses, which shows that they cannot withstand their own human nature.
2. Bitcoin Promoters and Miners
Many people study Bitcoin, especially those who trade coins often say, 'I have been in this industry for so many years.' But after all these years, we should also analyze the people who make money from Bitcoin, as most who profit will have some similar characteristics.
However, most still prefer to listen to stories of how others are making money in Bitcoin, and then they keep dreaming that they too can be lucky and make a fortune in the coin circle, even dreaming of overnight wealth.
But we always need to summarize how the people in these stories are making money, which are the believers and promoters. In fact, promotion is very important because once they invest, their belief grows, and they will cherish the chips in their hands, not letting go easily. Moreover, through their own promotion, they also understand the changes in the market very well.
However, it's not so easy for miners to make money. Among miners, those who make money are still in the minority. Why do I say this? Because the investment you make does not proportionally match the returns over a certain period of time, and you don't have much understanding of the market. You see others mining and you mine too, but the speed at which you unload will definitely be slower than that of the currency promoters. At least some can make a profit.
3. A hidden wealth code behind Bitcoin
That is the companies that manufacture and develop mining machines. These people are making a lot of money. Due to the popularity of the market, more and more people are joining mining, and mining machine manufacturers undoubtedly belong to the most profitable group. You may not have mined much Bitcoin yet, but a large amount of your funds has already been invested in mining machines, and the speed of updates and iterations of mining machines is particularly fast. If you are not careful and get checked, it will be a significant loss.