To swim like a fish in the encryption industry, both mentality and planning are essential to accumulate capital from a small amount to a huge amount. This article is sourced from Cobo’s co-founder and CEO, a renowned figure in the mining industry, who manages the world’s largest decentralized mining pool, F2Pool, and the cryptocurrency custodian company, Cobo. Before the Lunar New Year, he provided encouragement to investors in the crypto community and took the opportunity to review the previously written “Accumulation Plan of Cryptocurrency Assets from $1,000 to $100 Million.” He believes that this plan can be popularized among all cryptocurrency investors, so he has once again compiled a news article, providing guidance to retail investors participating in the blockchain industry on how to earn $100 million starting from $1,000 in capital:
– Participate in airdrops of core DeFi projects.
– Get whitelisted for popular NFT projects.
– This stage requires spending a lot of time gathering information, analyzing and researching potential projects, and executing with strong determination, continuously taking advantage of opportunities.
– Do not engage in leveraged trading or contract trading.
– Identify potential projects on new public chains and Layer 2 solutions, and acquire tokens at a low price.
– Find the coin that can give you 10 times the return.
– Choose your coin base, such as BTC or ETH, and conduct in-depth research.
– Trade appropriately, do not short, do not short, do not short!
– Flexibly utilize low-leverage DeFi lending protocols to increase capital utilization, using platforms like dydx to trade and earn token rewards.
– Observe and arbitrage more, stick to your base coin and pursue its growth.
– Do not chase every hot trend or try to earn every penny, instead, obtain stable cash flow through arbitrage, staking, etc.
– Maintain a stable mindset and remain indifferent, leaving the breakthrough of wealth level to time and industry development.
– Once assets exceed a small target, improve the lives of family members, read more books, exercise more, and change personal perception and social connections.
– Holding core assets without falling into major pitfalls while pursuing low-risk stable appreciation and a good cash flow.
– Avoid playing with contracts, avoid starting a business, and be cautious not to fall into traps.
– Maintain a certain amount of coin-based assets to avoid emptying.
– Maintain a certain amount of stablecoin assets to obtain stable cash flow. Also, be prepared for unexpected situations in life, and use the opportunity to buy the dip during market crashes.
– Allocate 10-15% of assets to invest in promising tracks to keep oneself engaged and prevent impulsive decisions.
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