I think there are still good opportunities. They are just not in the mainstream view. Always believe in the opportunities of this industry.
#Crypto
Hoarding BTC to outperform everyone is part of the truth, and the version of holding on is also the truth. Recommended reading.
Relatively speaking, I agree more with the version of holding on. Because it is closer to my entry timeline, the timing determines different truths.
Here is the version of the truth from entering in 2021, DeFi + arbitrage players (including myself):
1. If you FOMO'd in 2021, betting all your wealth on buying BTC at 40,000 - 120,000, your wealth tripled, congratulations.
2. In the first half of the year, I calculated that the overall position was about 100 times over 4 years.
From a single strategy perspective, there was no drawdown;
I have never been rugged;
Gambling positions and frequency were very low, can be ignored;
3. Profits are not only directly related to arbitrage, a small part also comes from:
Early product design outsourcing, technical outsourcing, and later there were also some extra income from strategy implementation, account boosting, etc.
4. My level of earnings, to be honest, is mid-tier among the groups I usually communicate with.
Risk control level is upper-tier.
Overall ability is upper-middle tier. I understand a bit about most technical directions in the industry.
5. If I could have entered the circle a year earlier, I would have been completely confident that my earnings would be x3 to x10.
Because I missed Luna, I was still working at that time, too inexperienced and naive.
All arbitrage players know what Luna means; it was a once-in-a-decade opportunity to change one's fate.
Most of the arbitrage people I know made over 10 million RMB from Luna.
6. There are many of us who entered the DeFi circle in 2020 and 2021, and a considerable number of people started from zero and stayed in the industry.
Four to five years have passed, and if you:
You actively trade without 100 times;
You do arbitrage and achieve less than 20 times;
You haven't caught any of the altcoins-NFT-meme-inscriptions-Trump series;
You haven't earned 1 million RMB a year as a KOL;
You haven't entered top exchanges like Binance while working;
---
Maybe you should consider being a bit more conservative in your future decisions.
The best time has already passed.
With so many simple versions, if you couldn't grasp them, why would the more difficult versions in the future belong to you...
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