How to make $100 million from a capital of $1,000 in the blockchain industry

Author：@bitfish1

As the overall industry market value expands, everyone’s wealth scale is likely to have changed. Previously, I wrote advice for beginners: how to turn $1000 into $100 million in the blockchain industry, which can be roughly divided into four stages:

1. $1k to $100k: Initial stage, trading time for money(PoW).

2. $100k to $1m: Chasing hot trends, improve cognitive skills, high-growth stage.

3. $1m to $10m: Steady cash flow stage such as arbitrage.

4. $10m to $100m: Avoiding pitfalls, investment methodology stage.

Under $100,000: Learn more, take more action.

Participate in airdrops of core DeFi projects and whitelist minting of popular NFT projects. During this stage, it is necessary to spend a lot of time gathering information, analyzing, researching, and judging potential projects. Execution must be strong, and perseverance is needed to airdrop hunt.

$100,000 to $1 million

Do not leverage trading, avoid futures trading.

On new public chains and L2, find potential projects according to the time machine rule, and buy tokens at low prices; find your own 10x coin.

$1m to $10m

Choose your base coin: BTC or ETH, and conduct in-depth research; trade appropriately, do not short, do not short, do not short! Flexibly use low-leverage DeFi lending protocols to increase capital utilization. Platforms like dydx can be used to trade while receiving token rewards. Observe more, arbitrage more, adhere to the coin-based, pursue coin-based growth; do not covet every hot trend, make every penny, through arbitrage, staking, etc., to obtain stable cash flow, maintain a stable mentality, face it calmly, leave whether the wealth level can break through to time and industry development.

$10m to $100m

Once assets exceed $10m, improve your family’s life, read more, exercise more, change your personal perception and circle. Hold onto core assets, pursue low-risk stable appreciation, and good cash flow without stepping into major pitfalls.

Avoid leverage trading, do not start a business, and be careful 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, deal with emergencies in life, and you can also have bullets to buy the dip during crashes.

Allocate 10–15% of assets to invest in the sector you believe in, so you have something to do and prevent yourself from acting impulsively.

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