Many people in the crypto space have made 10 million, quite a lot. However, making 10 million personally and summarizing a methodology for ordinary people to make 10 million are completely different things; the latter is clearly much harder.
The thinking method here is to break down 10 million into three 10x opportunities, find corresponding opportunities for each 10x in the first, second, and third stages, and replicate profitable operations 100 times in each 10x. I believe these ideas are very practical, scientific, and effective.
So how to make 10 million in the crypto space?
Let’s start with a basic theorem:
In a person's life, you only need to go all in on three 10x coins.
Prepare $10,000, funds that are optional for you.
Then from 1-100,000, 100,000-1,000,000, 1,000,000-10,000,000.
10 million dollars can basically be considered a small target.
If you don't even have $10,000 in starting capital, or if that $10,000 is not essential for you,
Then just work and study like crazy. Investment may not be suitable for you.
Because at this time, your risk tolerance is too low.
If your all-in fails, it can be said that the probability of failure is very high, which will severely impact your real life and is not worth the loss!
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If you are only satisfied with wanting 10 million RMB, then just change the unit or scale it freely. The principle is the same.
First, your current task is to continuously find three '10x coins'.
Why put it in quotes?
Because it doesn't have to be a coin; it can be a risk-free arbitrage opportunity, DEFI mining, shitcoins, NFTs, or any asset...
Next, let's discuss this in detail:
The first 10x is from 10,000 to 100,000. The range can be very, very broad.
For most investment targets, liquidity is generally sufficient.
First, you need to close your eyes and recall what project made you the most money or gave you the most confidence in making money.
If this 'money-making project' can be replicated, then repeat the profitable operations 100 times!
If you can't think of anything or haven't earned your first pot of gold, then I personally believe the best options at this stage are two.
1. Get airdrops.
As for how to get airdrops, since each project is different, essentially everyone knows that this part has very low costs.
2. Find ways to get popular NFT whitelists.
The basic idea is to find popular projects to grind for whitelists. You need to use some cleverness and maybe even some small tricks.
Don't dismiss it right away, thinking it's not feasible. In fact, the higher quality projects have lower thresholds for ordinary people, but they require effort in research and innovative thinking.
Most NFT projects support creating to get free mints. The earliest idea was to build a snowman; if you are a bear project, you build a bear, if you are a monkey, you build a monkey, and the cost is only a few dozen dollars.
The project side will have various lotteries, Twitter retweet lotteries, Discord lotteries. Create numerous small accounts to participate and increase your chances of winning.
Even the most primitive method—chatting. For projects as hard to get into as hape, I have several friends who clock in and follow the trend every day, just like going to work. After mastering the “method” they all got free mints.
As long as you are willing to think, there are always more solutions than difficulties.
But if you have no ideas and just want to follow others, then you indeed won't achieve anything.
This part of the cost depends on the project, the key is to focus on the right project. If you want to operate multiple accounts, it will still require some cost. $10,000 should be sufficient given the current market.
All content does not constitute any investment advice! Everyone needs to make decisions based on their own research and judgment.
3. Shitcoins and contracts.
This is not considered the best solution and is strongly discouraged. The reasons are well-known and I won't elaborate.
But if you are exceptionally talented, you can indeed earn high multiples in a very short time.
Let's not elaborate for now, we can discuss separately when there's an opportunity.
4. Participate in IDOs, IEOs, private placements, Coinlist public offerings, etc.
This part has a relatively high threshold.
Currently, public market IDOs and IEOs require capital investment, and the potential loss of capital may exceed the profits.
It mainly depends on the project and luck. This part will have specific analysis based on specific projects at that time.
In private placements, you need help from benefactors.
If you have friends working in major institutions, keep in touch regularly. When good projects come up, you might just get on board and soar.
Currently, institutions are also tightening their investment quotas for projects, even a few thousand or ten thousand dollars can be invested.
Still, it’s not about random investments; you need to understand the projects. For reliable projects, I recommend going all in.
The simplest idea is that investing in a project is investing in people; if you don’t understand the project, you should rely on the reliability of the people. Reliable people's projects are generally also reliable.
5. DEFI mining.
At the moment, old miners don't have much profit potential.
You need to continuously pay attention to new projects.
The earlier you enter, the more opportunities for 10x you will have.
Since the gameplay of different projects varies greatly, I won't elaborate here. There are different play styles for different projects.
Overall, the most important thing at this stage is to endure loneliness.
Why? Because this part varies from person to person; some may take a long time to make a breakthrough.
Sometimes you may need to lose a lot of times before realizing the method to make money.
It’s also possible that after a series of operations, you find out you are just not cut out for this.
If you're really lonely, you can find like-minded people to partner with.
It's important to share information and encourage each other.
Find someone with whom you resonate, who is at a similar asset level, for mutual prosperity.
Once you successfully capture the first 10x profit, congratulations, you are very close to success.
The second step is 100,000 to 1,000,000. You can use the simplest but very practical method, which is to repeat the first step 10 times.
Simple and straightforward but practical.
With $100,000, use $10,000 to repeat the first step. The remaining $90,000 requires patience to wait for an opportunity.
Every year, miracles happen in the market, and there will always be amazing coins emerging.
These coins typically have a base increase of 10x. Some even have 100x. LINK, AAVE, YFI, AXS, LUNA, MATIC, BNB...
Your goal is to lock it in advance. Go all in. Sell at a high point.
It sounds difficult, but in practice, it is indeed very hard. Almost impossible.
In simpler terms, if a coin rises 10 times, we aim to capture a 3-5x increase in the middle, which is completely possible.
These coins will have a strong consensus; as long as you are a little perceptive, you will definitely sense their heat.
If it’s a bull market, the market overall may rise by more than 2x, making it easier for you to select coins. You could randomly buy and still find 10x coins.
If it’s a bear market, and everyone is falling, but there's one coin that keeps rising against the trend, you probably won’t be oblivious to it.
After finding this coin, you need to formulate a detailed strategy.
How to enter? Is it to go all in after a correction, or dollar-cost averaging, or directly buying at market price, or buying in batches?
Then if it's a personal judgment error, when to stop loss.
If it’s a fakedrop, should you still get in? If it keeps rising without correction, should you charge in directly?
Questions like these need to have a response strategy thought out in advance. Then confidently get in.
Regardless of how the market changes, you are already prepared.
This way, you will be able to hold on for the long term, and not get washed out by a small fluctuation.
Of course, some luck is also required. Good luck is part of strength.
After completing the second step, what you urgently need to do is to calm down.
Many people become arrogant after making money.
Then you'll play around randomly, and end up losing everything.
Go back to the first step and start over.
So at this stage, the most important thing is to overcome your inner desires. Calm your heart down, and then you can complete the final great task.
The goal of the third stage is to reach 1,000,000 to 10,000,000. Although the 10x increase is the same, the difficulty is significantly greater.
I personally believe that the element of luck in this stage is very low.
Your ability to achieve your goals largely indicates that your understanding and skills have risen to a new level.
On the contrary, it means you have to drastically improve your understanding and knowledge level to achieve your goals.
You need to have a thorough understanding of the entire market; you need strong learning abilities and excellent psychological qualities.
To achieve these goals, you need to keep learning and enriching yourself. Make yourself stronger.
When your knowledge reserve and cognitive ability break through that critical point, you will find that this stage is not that difficult.
The primary goal at this stage should be in public chains, platform tokens, and emerging markets (such as NFT, WEB3, SocialFi, etc.).
The projects you invest in need to have a very high ceiling and great development potential, and they must also align with the current environment.
Specifically, you may need to wait for an opportunity, events like 312 or 519 can be the biggest opportunities.
You can take a small portion of the money to repeatedly go through the first and second steps, earning money while learning and seeking your target.
Large funds can go to defi to find safe and stable mining opportunities to get free returns, earning interest is also very sweet.
After finding your target, patiently wait for the opportunity to arrive.
You can do dollar-cost averaging or buy in batches.
After buying, validate your logic. Because at this point, you are already very strong, I believe the win rate will be very high.
The last step will be a major cycle, not an overnight fortune.
So be prepared to make friends with time.
Of course, there are shortcuts in this part too.
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