How to survive and cross classes in the crypto circle

Author: bombepro Source: X, @BombePro

Background and Communication

Yesterday, I chatted with @cryptocishanjia for almost 100 minutes in the middle of the night and discussed many topics. Today, I sorted out some of the non-sensitive information we discussed and shared it with you.

In theory, we and the philanthropists in the cryptocurrency circle are typical cases of ordinary people making their way in the cryptocurrency circle.

Many people write tutorials to teach you how to short and brush data, but few people write about how to survive in the cryptocurrency circle step by step and cross classes step by step.

After all, there are too few people who really cross classes, and there is no reason for the corresponding internal information to be open to ordinary people.

As someone who is trying to cross classes, I just have the opportunity to share my views.

Current Situation Analysis

Because of the airdrop interaction data, it is no longer suitable for ordinary people. Because of the intervention of the studio, ordinary people can be understood as slaves in front of the studio and the PUA of the project party, and they are slaves who may not be able to settle their wages.

In theory, if a project is known by many people and interacts with them, it will not have much profit. Always look for information that has not been mined. No matter how the world changes, the information gap will always exist.

The challenge of crossing classes

Crossing classes is never an easy thing.

The vast majority of people have never realized the real operating logic of this world.

The vast majority of people are restricted and exploited by rules and forced to become dry batteries for blood transfusion in this world.

If you want to cross the class, you must first know the class you are in and understand which class you can cross to.

This is the premise of everything, this is the premise of everything, this is the premise of everything. It is not excessive to say important things three times.

1.About the division of classes

I will directly refer to @sky_gpt's tweet here, you can go and take a look. Tweet link

https://x.com/sky_gpt/status/1824384896678367298?t=SthEhex4qVjX0OqX6yl-MQ&s=19

In theory, most people are at the bottom, that is, the eighth category, that is, small retail investors.

In most cases, most people come to the cryptocurrency circle to give money.

Why do we say that most people come to the cryptocurrency circle to give money? Because compared with VC, project parties, OG, and exchanges, most people are not only inferior in IQ, but also not at the same starting line in terms of capital, information channels, and chip prices.

In the huge unfair competition, how can retail investors outperform the market?

The most ideal investment for most people is to buy large currencies directly. Why don't most people do this? Because few people can tolerate getting rich slowly, and always want to get rich overnight.

We must clearly realize that the gambling king never made his fortune by gambling, and the casino owner is the real gambling king.

Similarly, in the face of an unfair market environment, the only thing ordinary people can do is to choose those currencies that have been verified by the market and recognized by big funds.

Although many people missed the early low-priced chips, compared with other high-risk altcoins, this is still a cost-effective choice. We must clearly realize that ordinary people cannot hold the early low-priced chips without cognition.

The reason why ordinary people are ordinary people is that compared with the elites, they are backward in family background, school education, social experience, and network resources.

So if you can accept that you are an ordinary person and honestly invest in large currencies, you can already outperform most people in the market.

2.How can retail investors cross classes?

1. If you are a retail investor in the eighth level and want to cross classes, you must first clarify what preparations you need to make and how many years it will take to prepare.

Yes, you heard it right. If you want to cross classes in the currency circle, you need at least 4 years to be qualified.

Why 4 years? Because the halving cycle of Bitcoin is four years. In these four years, there will still be big bull markets and small bull markets in theory.

This is something that is likely to happen in the context of inflation.

2. The cost of crossing classes

As I said before, if you want to cross classes, you must first think clearly about what price you have to pay.

The price here is not just to invest money. We must deeply understand that money is always just a measure of the equivalent circulation of assets.

Money and assets are not the same thing, and assets that can cross classes are even more different.

3. What are assets that can cross classes?

Of course, the Bitfinex equity mentioned in the tweet is an asset that is more scarce than BTC, and it is a core asset that ordinary people may not have the opportunity to touch in their lifetime. This is just a reference for everyone to let you know what is really valuable and what assets may not be bought with money.

https://x.com/BombePro/status/1824384758463467607?t=Du7gBJMplUYKgw0zsw1HVA&s=19

4. Improve your abilities

Ordinary people need to work hard to improve their abilities during these four years, including but not limited to the following skills:

1. English listening, speaking, reading and writing skills, strive to reach the level of international students;

2. Understand the basic operating rules of the market and which companies are in the entire market niche;

3. Have programming skills, or use AI/ChatGPT for programming;

When socializing and chatting with others, I believe you never want to introduce yourself as just a retail investor who made money by luck and then lost it.

These cannot allow you to have a deeper exchange of interests with others.

6. Always remember

Do you remember what I wrote before? Pure money can only buy tickets, but tickets are always tickets, not resources, not assets. Always remember that money is never a core asset before it reaches a certain level.

Ordinary people need to work hard to improve their competitiveness other than money if they want to get ahead.

Because comparing money is the simplest and most direct criterion, there are many people in the market who are richer than retail investors. Never compare your own disadvantages with others' advantages.

Third,the above efforts are not to teach you to speculate in coins.

Always remember that if you want to cross the class, you must master the means of production. Become the owner of the means of production, or the creator of the means of production.

1. Projects at the means of production level are different from ordinary projects.

There are many projects in the currency circle, but most of them are not qualified to be called means of production. Most of them are industrial waste produced in batches.

Projects at the means of production level, I have counted some projects that can be called means of production level:

1.@binance: As a head exchange, it provides the final liquidity exit of market funds and projects.

2.@BITMAINtech: As a manufacturer of Bitcoin mining machines, and the computing power has always been in a leading position.

3.@f2pool_official: Provides centralized computing power for mining machines to increase the probability of block explosion.

4.@bitfinex: Although it is an exchange, it has become a holder of the Cloud Federal Reserve through its subsidiary @Tether_to.

5.@a16zcrypto: As a top investment institution, its investment manager status is also a means of production.

These projects or funds are all targets that can play a role in influencing retail behavior decisions in the market.

2.In a sense, some KOL accounts on the Twitter platform can also be regarded as means of production.

Although they may not have much money personally, they have many followers, so the followers of these KOLs are likely to become their source of funds, which can continuously provide them with blood transfusions.

Famous quotes in the currency circle: The consensus of idiots is also a consensus;

To be more straightforward: The money of idiots is also money, and there will always be someone to harvest the money of idiots.

3.The ability to actively absorb funds

Ordinary people who want to cross classes must have the ability to actively absorb other people's funds. Either create wealth or harvest wealth. Most project parties, funds, and exchanges play the role of the latter.

The people in the center of these wealth harvesting centers, as well as the people who can radiate, naturally become an existence higher than retail investors by at least one dimension.

Fourth,Re-division of the seventh and eighth categories

Referring to @sky_gpt's classification, the seventh category belongs to the group of people with off-market cash flow, or people whose normal salary is much higher than the average level.

1. In the seventh and eighth categories, there is also a large difference in theory.

For example, @sky_gpt's self-deprecation belongs to the eighth category, but there is still a big gap between him and ordinary newcomers to the cryptocurrency circle. According to the public profile information, he belongs to someone who has worked at @BlockBeatsAsia and VC.

At the same time, he can write such a tweet. In theory, he has experienced two cycles of participation in cryptocurrency, that is, 8 years. It is far from being comparable to newcomers who have just entered the market or have only experienced one round.

2. At the same time, among the seventh category of people, if there are some workers in the web2 industry, they have already achieved some success.

Or they have founded a company, whether successful or unsuccessful, their understanding of the industry and projects is theoretically much higher than that of ordinary non-vegetarians.

For example, @CryptoPainter_X once mentioned in his account that he got venture capital as soon as he graduated and then started a company. This is far from what ordinary people can compare with, so most ordinary people are at a different starting line from the beginning of entering this industry.

3. For example, although some people entered the currency circle relatively late, their families are in business, and they have learned the real business logic by osmosis.

Ordinary workers, why do they want to compete with others on the same starting line.

4. For another example, many people who entered this industry are no longer grass-roots people. Many of them graduated from famous overseas universities.

Take a look at the recruitment requirements of major exchanges and project parties to see if there are high academic qualifications or technical background thresholds.

5. @cryptocishanjia is now a KOL who has accumulated users through real-time trading.

Have we ever understood why he can do this and what he has experienced in the past?

Looking through his public tweets, we can know that he entered the cryptocurrency circle as early as around 2016 and worked in @okx's coin listing team.

It can be said that the project information seen by the coin listing team far exceeds 95% of users and practitioners.

The accuracy of a sniper is fed by bullets.

It takes a long time to develop an understanding of a project.

6. You today are made up of everything in the past.

This includes family education, school education, work experience, project experience, social experience, etc. All these life experiences determine what kind of cognition the individual has now.

If you have not opened your eyes to see how the world works, how can you have the opportunity to find a gap to cross your own class?

Five.If you want to win, learn to lose first

1. As the uncle said in the prosperous TV series: "If you want to make money from stocks, you must first learn to lose."

Similarly, if you want to make money from the currency circle, you must also learn to lose, learn to lose money, and learn to suffer losses.

Don't underestimate the above words, this is a necessary condition for winning, and it is also a necessary condition for everyone to cross classes.

Without this step, you will definitely be beaten back to your original form, or even go bankrupt and return to zero. The worst thing is to restart your life.

2. What is the essence of learning to lose?

Use a very small price to understand the unspoken rules of this industry and recognize the boundaries of this industry. Only by losing money and then reflecting on why you lose money can you be qualified to avoid the same routine.

As for whether you can avoid similar routines, it depends on everyone's understanding.

3. Before becoming a sickle, most of the sickles have been baptized by other sickles, and @justinsuntron is no exception in theory.

As for Li Xiaolai, the first generation of the sickle in the currency circle, that kind of active enlightenment belongs to the gifted.

Of course, Mr. Li’s enlightenment was not achieved by sitting under an apple tree and waiting to be hit by an apple.

If my memory is correct, he should have read some books on MLM and then realized it himself.

“

4. Most people spend little money and are harvested by the sickle. This is the way to pay the least tuition.

Because in theory 100USD can be tuition, 1KUSD can also be tuition.

Many project founders spent millions of dollars from VCs and did not make products that meet the market. This is still tuition.

5. Many project parties have gained the trust of VCs and obtained venture capital through the so-called famous school background.

But whether you can be enlightened and whether you can make a breakthrough in the cryptocurrency market depends entirely on your own understanding.

6. In this respect, everyone is relatively fair.

Why do you say that?

Because the top class has assistance at the beginning, while ordinary people pick up equipment by themselves at the beginning.

It doesn’t matter whether you can eventually "eat chicken".

What’s important is to live longer than most people and try to get to the center of the circle.

7. Even if the starting point of many people is the end point of most ordinary people, you can still believe in the power of time and the power of compound interest.