To be honest, during the bull market, many people became rich by buying altcoins.
What I mean by getting rich quickly is making several million or tens of millions from 100,000 to 500,000 yuan.
It can be seen that there are conditions for getting rich quickly. In terms of capital, no matter how good the bull market is, the average increase is 10-30 times, and the increase of 100 times is too rare and can be ignored, so let's calculate it based on the highest value of 30 times. I think this result is very good. There should be no objection. So to get rich, at least 100,000 to 500,000 yuan of funds must be purchased. The profit is 3-15 million to be considered rich.
So here we can know that the conditions for getting rich by buying counterfeit goods in the usual sense generally require a capital of more than 100,000 yuan and a profit of about 30 times.
But here I want to say that people who like to buy altcoins like to take risks, and the huge profits from taking risks will make them like taking risks even more.
It is impossible for them to make 5 million or 20 million and then put the money in the bank to buy financial products. I think no one will object to my saying this.
This is the identity of human nature. It is impossible for one's nature to change into a different and stable one during a bull market.
Since risk-taking is your nature, you should follow at least 5 out of 10 risk-taking options on the market.
So if you encounter Fcoin running away, ust collapsing, or ftx running away, are you confident that you can avoid it?
The more you know in this circle, the greater the risks and temptations you face.
If you say you can get all the benefits and avoid all the disadvantages, then I can only say that you are dreaming.
I think huge profits inherently involve risks, but looking back on it, it seems there is no risk.
Because at this time you will definitely regard the rearview mirror effect as a forward prediction.
You are completely blind to the risks. Once you make money, you will become arrogant and do a little of this and a little of that.
The risks do exist, you just ignored them, and your good luck has allowed you to avoid most of them.
The final real profit may not be as good as directly buying the big cake and the second cake, and then participating in arbitrage to earn more.
Because stable methods can bring long-term and stable profits, if you take risks and make money once, you won’t be seen next time.
You can stay longer in such a good circle if you can steadily go through two cycles.
Even if you are an ordinary person, you can save 50,000 yuan a year, and save 200,000 yuan after working for 4 years. 2 cycles of 100 times, 20*100+20*10=22 million.
I can also earn tens of millions. This is my personal understanding. My calculation is correct in any historical period of the cryptocurrency circle.
There is no risk. If you can sell in a bull market and buy in a bear market, then it is not too difficult to turn 2200 into 50 million.
It’s just a matter of whether you have the patience and whether you are sincere enough towards this career.
It all depends on your choice.