Arbitrage, isn't that a field I want to excel in? Many friends who entered Bitcoin between 2016 and 2018 only did so after reading my inspiring articles. In summary: poor information, poor technology, and poor identity 1. Information asymmetry is easy to understand, I know, you don't know, I know quickly, you know slowly. For example, I am an employee of a large exchange and I know what currency to list. Once I buy it and it goes online, I can make a big profit. This kind of information bias is insider trading, and most people who have worked on exchanges have some degree of this kind of profit, Monitor the cryptocurrency information on the platform, quickly buy, and then send it to various large groups to sell to followers. The speed of evolution is too fast now. In the past, some programming technology could know the trading information in advance, and buying now would make you rich. Now, things like equations can receive information and automatically buy, which is much faster than manual buying. It was still easier to make money when everyone was not professional. At that time, when there were good news, manual buying would be done, and then you could go to a large group of thousands of people to post it again. People in the group could still make money because there were many investors who didn't even have a group. 1.1. The core of arbitrage is basically information asymmetry. Execution is very important, and information asymmetry is even more crucial. In 2019, Binance's first IEO gave me a BTT quota and asked me how many numbers I needed. At that time, I didn't know if I could buy KYC from the Philippines or if the dog management told me how to do it. Later, I asked for six full quota numbers and gave one to him. The opening price seemed to be four or five times, which was equivalent to giving away hundreds of thousands of RMB. But without his help, I would probably have given up on choosing to ask for a credit limit. Later on, Dog Management had some programs that would have given it to me as soon as possible. Thanks to him, I earned much more than a full credit BTT account. This is both mutual benefit and poor technical skills. Buying IEO, programmers (scientists) can obtain all the information such as verification codes in advance. When the time comes, they only need to click confirm, while ordinary investors need to input the purchase quantity, verification code, currency used, and so on. It's strange that ordinary investors can get it. 2. Poor technology, as briefly explained above, one is the need for programmers in the IEO and monitoring markets, and the other is the need for smart minds. Many programmers have technical skills, but do not know how to convert them into productivity, and lack some start-up costs. Therefore, although Ah Gou does not have technical skills, they can find some technical cooperation with their smart minds. Last night, some scientists quickly deployed CA and played that trick of opening the market, essentially taking advantage of the lack of equal technology among everyone. The most impressive one was Fomo3D, where several mining pools used their own technological advantages to plunder all the ETH in the pools. 3. Identity difference, this is the most recommended thing for everyone to think about recently. For example, everyone knows about the basics of futures arbitrage and cross platform arbitrage. After all, as early as 2015, I wrote some articles and later felt that there was no meat left to eat now. It was just a matter of program building bricks, so I didn't flip through boxes and cabinets to look for previous articles. However, until the emergence of Hashkey, Hashkey often had some price differences. Borrowing Bitcoin from Binance as collateral and transferring it to earn hundreds or thousands of dollars per coin, the price difference is still common. The reason for this is that people cannot register. If some overseas platforms can solve the registration problem, it is easy to make money, such as the premium of kimchi in South Korea. However, this has not been possible in the past two years. South Korea has standardized the transfer review process. The credit limit is relatively low and there is not much meat. 4. Let's talk about a few more reasonable arbitrage options at this stage, 4.1 Yesterday, this shell was a type of operation that involved mortgaging FDU on Binance, borrowing BNB to transfer to spot and withdraw participation, and paying some interest to obtain airdrops. Similar operations can also be used in various risks of worrying about currency decline. 4.2. The price difference between on chain and platform is often significant, so creating a monitoring program to monitor in real time and moving in small quantities multiple times is still very comfortable. 4.3. A shell account with 200-300u is not a big deal for people in the cryptocurrency industry. In real life, most people still don't have much money, and you can still find someone to help you with a few hundred yuan of hard work. This is the advantage of having multiple accounts. Arbitrage has evolved to today's advantage of having multiple accounts, good skills, poor information, and identity, which is the wealth password. Previously, a university counselor in Taiwan invited some students to participate in OKX's new customer service, so there was no need to worry about students running away with money. The big spenders gave him money, and he distributed it before going to OKX to make new customers, steadily enjoying the dividends of the cryptocurrency circle The cryptocurrency circle is not without dividends, it is your position that makes you lose dividends. Even if you are a gambling dog, KOLs can buy and call you to take over the market, and you have a huge probability of losing money. Naturally, you feel that there is no dividend. Still a viewpoint from a few years ago; The cryptocurrency market is still the best place to make money, but you need to think more about what advantages you have and how to combine them with the cryptocurrency market. Blindly gambling can definitely lead to explosive profits, but most of them are destined to lose money. If you are lucky enough, there will definitely be those who turn around with compound interest, but most likely it won't be you. Of course, I'm not entirely right. The market is constantly changing, and we need to summarize new gameplay based on these changes. Just like my latest Weibo post: Memories of Chess Games, Preparing to Update Memories Content, Old Leek's experience is certainly useful, but we also need to adapt to new changes. 5. If I have to convey some arbitrage information to everyone, it would be to read more, learn more, summarize more, and argue less. Find loopholes in various rules and make full use of them.