How to turn $1,000 into $100 million in the blockchain industry
1. Within $10,000: Learn more and do more.
Sweep airdrops of core track DeFi projects, sweep whitelists of popular NFT projects, and mint. This stage requires a lot of time to obtain information, analyze, research and judge potential projects. The execution must be strong and persevere in薅羊毛;
2. $100,000-$1 million:
Do not use leveraged to 炒币, do not play contracts
On the new public chain and L2, find potential projects according to the time machine law, and obtain chips at a low price; find your ten-fold currency
3. $1 million-$10 million: Choose your currency-based BTC or ETH, etc., and study it in depth; trade appropriately, do not short, do not short, do not short! Flexibly use low-leverage defi lending protocols to improve capital utilization. You can use platforms such as dydx to trade and obtain token rewards at the same time. Observe more, arbitrage more, stick to the currency position, and pursue the growth of the currency position; don't be greedy to participate in every hot spot and make every penny. Through arbitrage, staking, etc., obtain a stable cash flow, a stable心态, and treat it indifferently. Whether the wealth level can be broken through is left to time and industry development
4. $10 million-$100 million
Once the asset exceeds a small goal, improve the lives of your family, read more, exercise more, change your personal cognition and circle, hold core assets, and pursue low-risk and stable appreciation and good cash flow under the premise of not stepping on big pits.
Don't play contracts, don't start a business, and be careful to avoid pits.
Keep a certain amount of currency-based assets without stepping on the air.
Maintain a certain amount of stable currency assets to obtain a stable cash flow. At the same time, deal with sudden situations in life, and you can also have bullets to 抄底 during a sharp drop.
Take 10-15% of your assets to invest in the tracks you are optimistic about, so that you have something to do and prevent yourself from being itchy.