Recently I saw a very interesting topic:
How much money does it cost to live in China for a lifetime?
How can we make this money in the cryptocurrency circle?
This requires a super calculator to tell you how much money is needed from cradle to rocking chair. Let's do the rough calculation first:
1. Housing: In Beijing, Shanghai, Guangzhou and Shenzhen, an 80-square-meter house may start at 3 million, and in small cities it may only cost 500,000.
2. Education: From kindergarten to university, if you don't take the back door, it will cost about 300,000 (public route).
3. Daily expenses: about 60,000 per year, counting 60 years, that is 3.6 million.
4. Pension: 40,000 per year after retirement, if you live for 30 years, that is 1.2 million.
5. Medical care: conservatively estimate to keep 500,000 in case of unexpected events.
To sum up, if you are in a big city, you will need about 8.6 million; if you are in a small city, you may only need 6.1 million.
Now, how to make this money legally in the cryptocurrency circle? Please note that the following methods are absolutely legal, but the speed of making money depends on your operation level and market favor:
1. Learning is the foundation: become an expert in cryptocurrency and understand technical analysis and fundamental analysis. You have to know what you are buying, not just because it is popular.
2. Long-term investment: find projects with great potential, such as BTC, ETH, etc., and hold them for a long time. Remember, patience is the best medicine for making money.
3. Diversified investment: Don't invest all your funds in one coin. Diversification can reduce the impact of fluctuations in a single currency.
4. Legal compliance: Make sure you understand and comply with local laws and regulations to avoid losing watermelons and picking up sesame seeds due to illegal operations.
5. Stop loss and stop profit: Set wise stop loss and stop profit points, operate like a shrewd businessman, and make a profit.
The currency circle is like an endless marathon. Some people laugh to the end, and some people give up halfway. Do your homework before investing. The wise see wisdom and the brave win!
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