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.

Tonight's business talk about BTCFi

Whether it is BTC LRT, CeDeFi or DeFi, Cobo MPC solutions have opened up multiple high-return and risk-controlled income channels for Bitcoin holders, maximizing the intrinsic value of Bitcoin. Awakening billions of dormant BTC: asset management and interest-bearing investment methods.

https://mp.weixin.qq.com/s/WmHqs1qGEKhdUWKkPsYb_w

According to the experience of BTC ETF and public market information, the timeline of ETH ETF is as follows:

- May 23: ETH 19B4 passed unexpectedly, and market makers began to buy ETH spot to prepare for providing liquidity.

- Early June: S1 may pass. Referring to BTC ETF, it takes 2 weeks at the fastest, but it may take 3 months at a normal pace.

- Mid-June: After S1 passes, trading may start immediately or within a few days.

- June to December: The main capital inflow in the early stage of listing may come from retail investors, accounting for 80-90% of the total funds; institutional users participate less. Considering that ETHE is similar to GBTC, the market may face some arbitrage and selling pressure, and whether it can withstand such selling pressure remains to be seen.

- After December: As time goes by, institutional investors may gradually enter the market.

Welcome everyone to correct and discuss, and discuss the development and trend of ETH ETF together.

Comprehensive analysis of Babylon's technological evolution and exploration of future BTC staking opportunities
👍

https://x.com/SaulDataman/status/1795594254099890502

How to protect against crypto-phishing attacks? Remember these three tips:

1. Be wary of counterfeit domain names: filter newly registered domain names and counterfeit domain names within 3 months at the DNS level;

2. Secure signature: Use on-chain signature plug-ins such as Rabby Wallet or Sniffer to automatically review before signing to ensure transaction security.

3. Test the waters with small amounts: Before making large-amount transactions, test the process with a small-amount address and check the transaction details carefully to take precautions. Protecting your assets starts with the details.
#antiphishing#blockchainsecurity #smartwallet

The BTC halving is coming (expected to be in mid-April). How do you think the price will change before and after the halving? Take the poll and share your expectations! #BTC减半

Recommended Good Things of the Year 2023 Edition

healthy lifestyle:
•OURA Ring: Comprehensive tracking of exercise, sleep, heart rate, body temperature and stress, putting health data at your fingertips.
•Compex 8.0 EMS: Electric stimulation device, specially designed for muscle recovery and relaxation, to quickly restore vitality.
•Street light: illuminates the work space, protects eyes, improves efficiency, and is several orders of magnitude better than screen hanging lights.
•Focus-Zen: By monitoring brain waves during meditation, you can optimize the meditation process and find inner peace.

•8sleep temperature-controlled mattress: intelligently regulates temperature and optimizes sleep cycles, allowing you to wake up energetic every day.

📚
Daily Hardware & Technology:
•Ink screen e-books: Enjoy reading without hurting your eyes, and can read freely anytime and anywhere.
•Tuozhu 3D printer: unleash creativity and turn imagination into reality.

Welcome to add and recommend your annual goodies.

3/Reversible decision-making and irreversible decision-making
Amazon founder Jeff Bezos emphasized the essence of decision-making and divided it into two types: reversible and irreversible:

- Reversible decisions: should be made quickly by frontline teams to facilitate rapid progress. The point is not to let the decision-making process get in the way of action, but rather to adopt a trial-and-error approach to iteratively optimize the results.

- Irreversible decisions: need to be more cautious and require careful consideration. To avoid spending too much energy on disputes within the team, they should be reported to superiors in a timely manner so that decision-making power belongs to those with the most experience and judgment. This leader's role becomes especially important when faced with strategic choices that are not 100 percent certain of success. At the same time, we emphasize a culture of "disagree but commit", which is based on trust and respect. Even if there are disagreements, team members will fully support the decision and mobilize all available resources to implement and verify the chosen direction. This culture helps avoid mutual blame and ridicule after the decision-making results are released, and promotes overall cooperation and progress of the team.

Inspiration:
In daily life, the reversibility of decisions is often ignored and too much energy is spent on reversible decisions; insufficient energy is invested in irreversible decisions or no more experienced personnel are introduced.

2/ Maps are not territories: insights and warnings

🌍
Concept analysis: The mathematical semantics idea from Korzybski expresses the difference between description and entity. In our attempts to understand the world, any model or map is nothing more than a simplified abstraction that can never fully equate to the complex, changing reality itself.

🧠
Human cognition: Our brains construct an understanding of the world by simplifying information from the outside world, a process similar to drawing a map. However, it must be recognized that although these mental models have similar logical structures, they are always information-impaired and cannot fully represent the real world.

🔍
Enlightenment and challenge: Recognizing the limitations of our mental models can help us understand the world more accurately, reduce cognitive biases, and optimize decision-making. At the same time, be wary of the traps of beliefs and preconceptions that can trap us in a single perspective and ignore information that goes against our “map.”

✨
Call to Action: Keep thinking critically and constantly test and update your mental map to make it more realistic. Remember, true explorers are not just those who unfold the map, but also those who dare to face the unknown and constantly explore the edges of the real world.

#mentalmodel
1/N antifragile
concept
Antifragility is a concept introduced by Taleb in his book Antifragile: Things that Gain from Chaos. It refers to the ability of a system or entity to not only withstand shocks and disruptions, but also to benefit from them, becoming stronger and more resilient.

World view:
Taleb proposed a triadic worldview, a concept that ranges from “fragile” to “robust” to “antifragile.” In this framework, vulnerability means being negatively affected by stress, robustness means resisting stress, and antifragility means benefiting from stress. Taleb explains this concept through mythology, using Damocles (representing fragility), the Phoenix (symbolizing robustness in rebirth), and the Hydra (antifragility in using challenges to become stronger) as examples .As shown in the picture

practice:
To practice antifragility, use uncertainty and volatility as opportunities to grow and learn. Look for environments that push you out of your comfort zone and allow you to develop new skills and perspectives. Continuously adjust and develop your strategy and mindset based on feedback and experience.

-Embrace change: Seeking challenges and exposing yourself to new experiences and stressors can build resilience and adaptability in controlled doses (+4%).

- Learn from failure: Embrace and learn from failure instead of avoiding it.

-Investment: Barbell Strategy (Bottom and Bottom); Looking for Non-Linear Returns

lifestyle:
Refuse to live a "touristy" life. This kind of life assumes that the future is predictable. You complete the set steps step by step and expect to get the desired results.

Embrace randomness, do not have too many assumptions about the future, welcome random events in life, and be good at exploring the value behind random events and seizing opportunities.

Find strength in uncertainty, it’s better to be stupid and antifragile than smart and fragile.

Let’s review the operations of the past three months:

Selling often 😭

FOMO is a must-have😰

Steady profit with arbitrage😎

Stocking up on cakes for rising prices📈

It must be clear what to do

From bottom to top, we sorted out the risks of Restaking-related protocols and the best operating practices of EigenLayer. A must-read for participating in Restaking🤣

https://mp.weixin.qq.com/s/oekh5sMlS2uym6Rpq4VDsg

For Web3 companies that control many assets and sensitive information, there are two sets of core internal risk control systems: a real-time reconciliation system, which can not only detect abnormalities in real time, but also help leadership grasp risks and effectively curb their spread; One is to implement a zero-trust model on employee office equipment and servers, which greatly reduces potential cyber attacks and internal risks. Cobo has continued to iterate, optimize and maintain this system since many years ago, and welcomes exchanges with peers.

Speculation on key future events of BTC:

1. BTC halving; expected in April 2024
2. Allocations to BTC ETFs by family offices, private banks and wealth managers; expected June 2024?
3. Sovereign funds began to allocate ETFs, the time is unknown
4. The central bank hoards BTC; recognition of BTC as a global store of value and “digital gold.” Time unknown

With the expansion of the market value of the entire industry, the scale of everyone's wealth should have also experienced changes. In the journey of personal wealth growth, which stage do you think is the most difficult? And please share what makes this stage so challenging.

The main task of the next two years: keep a close eye on it. What is the next big thunder that may erupt? Gain some wisdom 🤣

During this past New Year's Day holiday, I was working on some key year-end routines to ensure safety and efficiency in 2024.

I would like to share my steps with you. I hope it will inspire you too. You are also welcome to add:

1. 3-2-1 Data Backup Principle Back up data: Don’t wait until you lose your data to regret it. Back up regularly and stay safe.

2. Security risk modeling: Identify and respond to potential risks according to the "Blockchain Dark Forest Self-Rescue Manual" to ensure data and system security. https://darkhandbook.io/CN-Blockchain-dark-forest-selfguard-handbook-V1.1.pdf…

3. Password and system updates: Update strong passwords, back up 2FA, check SIM card PIN codes, reset the operating system, and avoid security vulnerabilities.

4. Network security check: Check network equipment to ensure the network environment is unbreakable and protect online activities.

5. Wallet backup check: Verify that the wallet mnemonic phrase is backed up correctly to prevent unnecessary losses.

6. Scan old address assets and authorizations: Comprehensively check previously used addresses to ensure asset security, take advantage of the holiday when gas is low to clean up a wave of authorizations; update the whitelist address list.

7. Balance Sheet Update: A clear financial picture is the basis for sound decision-making.

8. Annual asset management plan: Set clear goals for the 2024 bull market.

Let’s prepare together for a safer and orderly 2024!
💼🔐
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