Shenyu: "Financial advice" for different stages of the blockchain industry
Author: Shenyu
As the market value of the entire industry expands, 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? Please share what makes this stage so challenging.
Weibo exploded before, so I'm going to repost some advice I wrote on Weibo N years ago to newbies:BlockchainHow does the industry make $100 million from a capital of $1,000?
Under $100,000
Learn more and do more.
Brush the airdrops of core DeFi projects and the whitelist Mint of popular NFT projects. This stage requires spending a lot of time to obtain information, analyze and research potential projects, and have strong execution and perseverance in making the most of the benefits.
$100,000 – $1 million
Don't leverage cryptocurrencies, don't playcontract.
In the new public chain and L2 On the Internet, follow the time machine rule to find potential projects and acquire chips at low prices; find your ten-fold coin.
1m – 10m Knife
Choose your currency standard BTC or ETH, etc., and study it in depth; trade appropriately, don’t short, don’t short, don’t short!
Flexible use of low-leverage DeFi lending protocols to improve capital utilization. You can use platforms like dydx to obtain token rewards while trading.
Observe more, arbitrage more, adhere to the currency standard, and pursue the growth of the currency standard; do not be greedy to participate in every hot spot and make every penny, obtain stable cash flow through arbitrage, Staking, etc., keep a stable mentality, and treat it calmly. Whether your wealth level can be broken through depends on time and industry development.
10m – 100m Knife
Once the assets exceed a small goal, improve your family's lives, read more, exercise more, change your personal cognition and circle, hold on to your core assets, and pursue low-risk, stable appreciation and good cash flow without falling into big traps.
Don't Playcontract, don’t start a business and be careful to avoid falling into a trap.
Maintain a certain level of currency-based assets to avoid missing out.
Maintain a certain amount of stable currency assets to obtain a stable cash flow. At the same time, you can deal with emergencies in life and buy at the bottom when the market plummets.
Take 10-15% assets and invest in the track you are optimistic about, so that you have something to do and it can also prevent yourself from being impatient.
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