This article systematically explains the underlying logic and methodology of ordinary people's mixing in the cryptocurrency circle from 7 dimensions, including all practical experience and dry goods. It is recommended to collect and read repeatedly.
1. Positioning
"The role of positioning is to prevent you from going astray"
The positioning I mentioned includes two parts: one is self-positioning and the other is track positioning.
Regarding self-positioning, ordinary losers need to find their own position so that they can get better and better.
In the cryptocurrency world, the same principle applies. You must first recognize your own abilities and strengths and position yourself well before you can find a method that suits you. If you can't find it yourself, just remember the conclusion: we are all ordinary people, without outstanding abilities or large start-up funds, and pie in the sky will not fall on us. The only feasible way is to improve cognition while working hard in practice, one step at a time, to achieve a spiral rise in cognition and practice, and then patiently wait for the day of explosion.
Regarding the positioning of the industry track: I have mentioned in my previous article that the blockchain (currency circle) is the most likely track for ordinary people to make a comeback in the next 10 years. I will not elaborate here, just remember the conclusion. In the blockchain circle, as long as you don't mess around, you will outperform 99% of ordinary people from the beginning. The current (2024) currency circle is equivalent to the Internet in the 1990s, and the real big opportunities are still in the making.
2. Airdrop
"The purpose of airdrops is to allow you to obtain large amounts of cash at a low cost"
Airdrop is the best way for small-capital (less than 200,000 RMB) players to rise. The most famous airdrop community in the circle is qun:8848. Several founders in it started from scratch and made tens of millions of dollars. I have seen many people make hundreds of thousands or even millions of dollars in many small groups. Airdrop still has great potential to be tapped in the next 10 years.
The first thing to get airdrops is information, and the second is execution, which requires perseverance. If you get 1~2 projects, your fund size can be upgraded to a higher level. The blockchain industry has such an opportunity every few months, but it requires you to be diligent and have an accurate and reliable source of information.
Grab the first launch of various currencies.
Airdrops for core track projects and whitelist of popular NFT projects.
Participate in various IDOS and IFOs. There are many such activities in major exchanges and major DEXs as well.
Find a circle of scientists, try to get closer to scientists, free your hands, and use scripts to improve efficiency.
3. Leverage
"The role of leverage is to quickly amplify your wealth effect"
The essence of finance is leverage. The rich are rich because they use leverage. It is difficult to get rich by relying on pure cash. If you don't understand this, you can't upgrade your wealth. The 30% down payment for a house is leverage, which is the key to many people making a fortune by using real estate in the past 10 years. However, leverage can make you rich quickly, but it can also destroy you quickly. Bankrupt bosses and investors who jump off buildings are also because of leverage.
In the cryptocurrency world, there are two levers that can be used:
One is over-the-counter leverage, including xyk, xyd, dyd, etc.
One is the on-site leverage, including opening ratios, contracts, etc.
OTC leverage follows two principles: 1. Be patient and wait until the super bear market reaches the death valley before buying. 2. Buy core assets: BTC+ETH, or the top 20 currencies.
On-site leverage, low leverage to catch big market trends, 3x leverage to catch big market trends, use on-site futures leverage reasonably to catch a wave of rising or falling market trends, and the leverage ratio should not exceed 3 times. (Similar to mortgage leverage)
Finally, remember: leverage is a double-edged sword. It can make you rich quickly, but it can also make you bankrupt and jump off a building. Use leverage less or not at all.
4. Mindset
"A good attitude can help you advance smoothly"
Don't fantasize about getting rich overnight. Losers think that getting rich overnight means buying a certain coin with 20,000 yuan, and then skyrocketing 100 times, buying a house and a car and reaching the peak of life. The real overnight wealth is after a long period of concentration, hard work and the suffering of the bear market, and then the bull market comes and rises rapidly. Behind the overnight wealth are countless days and nights of persistence and concentration.
You need to have extreme patience. The cryptocurrency world is a market with long bear markets and short bull markets (this is true for any investment market). Be patient and wait patiently for the opportunity to place a big bet to buy, and wait patiently for the right price to sell.
Don’t think you can make money every day in the cryptocurrency world. I strongly recommend you to read a book recommended by Buffett, “You Only Need to Be Rich Once in Your Life.” You don’t have to make money every year. If you can seize 3 to 5 big opportunities in your lifetime, it will be enough for you to join the wealthy class.
5. New Opportunities
「Pay attention to the endless new opportunities emerging from blockchain」
New hot spots emerge in blockchain every 1-2 years. Previously, there were DeFi, GameFi, and NFT. What hot tracks will appear in the next round? Keep paying attention to various channels of information in the circle and actively participate in it.
Key points: NFT, as the infrastructure of the web3 metaverse, is a long-term hot track in the future and needs to be focused on. Remember: choice is 100 times more important than hard work.
6. Circle
"The role of the circle is to make you outperform the vast majority of leeks"
High-quality money can help you avoid traps. By working hard on the right track, you can outperform most of the old money in traditional industries.
Domestic high-quality quanzi: I dare not say here. Joining those good quanzi can basically avoid being cut by inferior projects, and there is a high probability of seizing big money-making opportunities.
High-quality foreign fans: You can follow the blockchain bigwigs on YouTube or Twitter, which are mainly divided into: 1. BTC hardcore 2. ETH fan boy 3. DeFi lover 4. NFT promoters 5. GameFi player and other categories.
7. Summary
"Pulling out the silk and getting to the core"
(0~100) Start from scratch and do airdrops, and strive to reach 1 million. Occasionally follow hot spots and focus on airdrops. Learn how to use OTC leverage, and when the bear market valuation is at the bottom, allocate top 5-20 currencies, which will have stronger explosiveness than core assets.
(100~1000) After the capital reaches 1 million yuan, find potential projects on the new public chain and L2 according to the time machine rule, patiently obtain low-priced chips, and find your own 10x coins.
(From 1000 up) After the capital reaches 10 million, choose BTC or ETH as the currency standard, safety first.
I have made it clear, if you still don't know how to do it...
Again, in this market situation, there is an opportunity to layout
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