In the cryptocurrency industry, it is important to have the right mindset and plan in order to succeed, regardless of the initial capital. This article is based on a tweet compilation by the co-founder and CEO of Cobo, a cryptocurrency mining celebrity and operator of the largest decentralized mining pool, F2Pool.
The author, known as “Fish God,” rarely encourages investors in the cryptocurrency community before the Lunar New Year. On this occasion, he revisits his previous article on “Accumulating Cryptocurrency Assets from $1,000 to $100 Million” and believes that this plan can be applied to all cryptocurrency investors. Therefore, he has reorganized a news article to guide retail investors in the blockchain industry on how to earn $100 million starting with a capital of $1,000.
The strategies recommended include:
– Participating in airdrops of core DeFi projects.
– Participating in whitelist mints of popular NFT projects.
– Spending a significant amount of time gathering information, analyzing and researching potential projects, and being persistent in taking advantage of opportunities.
– Avoiding leveraged trading and contract trading.
– Identifying potential projects on new public chains and Layer 2 solutions, acquiring chips at a low price.
– Identifying coins that have the potential to grow tenfold.
– Choosing a coin base such as BTC or ETH and conducting in-depth research.
– Engaging in appropriate trades and avoiding short-selling.
– Utilizing low-leverage DeFi lending protocols to increase capital utilization and earn token rewards, such as platforms like dydx.
– Observing and taking advantage of arbitrage opportunities, maintaining a coin-based strategy, and pursuing coin-based growth.
– Avoiding the temptation to participate in every hot trend and instead focus on stable cash flows through arbitrage and staking.
– Maintaining a stable mindset and leaving the breakthrough of wealth level to time and industry development.
– Improving the lives of loved ones once assets reach a small target, focusing on personal development through reading and exercise, and changing one’s perception and social circle.
– Pursuing low-risk and stable value appreciation and maintaining a certain amount of coin-based assets while avoiding pitfalls.
– Maintaining a certain amount of stablecoin assets to ensure stable cash flow. Being prepared for unexpected situations and being able to buy the dip during market downturns.
– Allocating 10-15% of assets to investments in preferred projects to keep oneself engaged and prevent impulsive trading.
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– Sam Altman’s Success in Love and Business: Marrying His Boyfriend and Quietly Making Money with Worldcoin.