Original Author: Shenyu, Co-founder and CEO of Cobo

How to Make 100 Million Dollars from 1000 Dollars in the Blockchain Industry

Within 100,000 Dollars: Learn More and Take More Action

Participate in airdrops of core DeFi projects;

Participate in whitelist minting of popular NFT projects;

During this stage, it is necessary to spend a lot of time obtaining information, analyzing and researching potential projects. Strong execution is essential, and persistence is required to reap the benefits.

100,000 Dollars - 1 Million Dollars

Avoid leveraged trading and contract trading;

On new public chains and L2, find potential projects at low prices according to the time machine principle;

Find the coin that will increase tenfold for you.

1 Million Dollars - 10 Million Dollars

Choose your coin-based assets such as BTC or ETH and conduct in-depth research;

Trade appropriately, avoid shorting, avoid shorting, avoid shorting!

Flexibly use low-leverage DeFi lending protocols to increase capital utilization. Platforms like dydx can be used to trade and receive token rewards at the same time.

Observe more, arbitrage more, adhere to coin-based assets, and pursue the growth of coin-based assets;

Do not be greedy to participate in every hot spot and earn every penny. Obtain stable cash flow through arbitrage, staking, etc.;

Maintain a stable mindset, be indifferent, and leave the breakthrough of wealth level to time and industry development.

10 Million Dollars - 100 Million Dollars

Once your assets exceed a small target, improve your family's life, read more, exercise more, and change your personal cognition and circle under the premise of holding core assets and avoiding major pitfalls;

Pursue low-risk and stable appreciation and good cash flow;

Avoid contracts, avoid starting a business, and be cautious to avoid pitfalls;

Maintain a certain amount of coin-based assets to avoid empty positions;

Maintain a certain amount of stablecoin assets to obtain stable cash flow. At the same time, be prepared for sudden situations in life, and have the ammunition to buy the dip during market crashes;

Invest 10-15% of your assets in the race you believe in, so that you have something to do and prevent yourself from acting recklessly.

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