If you are a newcomer, you likely entered the cryptocurrency world attracted by news of friends getting rich.

It is highly probable that you will incur losses. Alternatively, you might have earned a bit of money, like 100,000 or 200,000, but that is rare.

If you don't believe it, you can ask your friends if anyone has made money in the cryptocurrency space.

The first phase of entering the cryptocurrency world is basically a learning period, and you are likely to incur losses. Moreover, you probably won't invest too much money.

Of course, there are also lucky people who make money in the first phase; they fall into two categories: one is guided by benefactors, having joined various communities to learn and developed a proper understanding. The second type is those with high innate understanding who figure things out on their own and start making money right away.

The third type of ordinary people usually incurs losses in the first phase of entering the market.

From my understanding, it usually takes two cycles to accumulate wealth in the cryptocurrency world, which is about 3-5 years.

Many people see others making a fortune in a bull market in just one year, and you should ask how long they've been in the cryptocurrency space.

From the moment you start to understand the cryptocurrency world, you should begin to calculate. It is highly probable that they have been in it for over four years.

When I talk about making money, I don't mean earning tens of thousands; I mean at least in the million to tens of millions range.

After going through a cycle of trials, if you have survived, you are basically considered one of the people in this circle.

It's not that one's character is too poor; as long as you are not too bad in personality, you can make quite a few friends and meet people in this circle.

Then you will be buying and accumulating coins, as well as participating in various low-cost arbitrage projects.

In the second cycle, you can basically be free.

With 50,000 to 100,000 in the first cycle, the second cycle might bring you to millions or tens of millions.

What is impossible in the cryptocurrency world?

I believe the best way is still to pay more and seek advice from successful people.

Of course, you can figure things out on your own, but it's too slow and the information you can obtain is limited.

People in the third cycle are basically living carefree lives. Moreover, any random project could yield millions in profits.

This is the compounding effect of the cryptocurrency world.

From now on, let go of your obsessions, be humble and seek advice from others. Quickly accumulate resources in the circle.

Even if you currently have at least 5,000 yuan in monthly income, in a rocket-like race, you won't be poor in the next cycle.

Please follow, and if you have any questions or want to communicate and learn together, check out the introduction to Zhuye to avoid unnecessary trouble in the circle.