Many friends around me who joined this space since 3-4 years ago, have made over 3 millions usd worth of cryptos, I have asked them and summarize what they have in common, if you want to be a crypto millionare, try to equip yourself with what they have:
multiple accounts in major exchanges, binance, ftx, huobi, okex, bybit, coinlist, kucoin, mexc, gateio etc, thats how they benefit from many IEOs and arbitrage opportunies and trending coins sometimes only one of the exchanges has, even bad exchanges have some good profit opportunies in bull market. You’ve heard some people having many KYC accounts for coinlist sale? Yeah thats us.
multiple wallets on multiple blockchains, nowadays it is more or less just like a few years ago when the big IT giants were giving away real money to gain users, so dont miss out the chances. We follow projects and interact with smart contracts in early stage using multiple accounts, imagine if you get 10 accounts dydx airdrops?
familiar with different tools, such as nansen.ai, tokentermial.com, debank.com, glassnode.io, defillama.com, rugdoc.io, vfat.tools, thats where they find smart money on chain and analyse the stats of project.
basic knowledge of smart contracts, not all of us can write smart contracts, at least we are able to check if the contract can rug your LPs or if the token you buy can be sold. A few of them are able to ape in a crowdsale before others do via UI/UX.
own multiple devices, different accounts on different phones, so we can play different blockchain games with different accounts.
have some rugs in office or at home mining some coins.
have 3-6 screens, you are familiar with the SBF working space picture? 1 screen for hot tweets of hot projects and elon musk, 1 screen for discord and telegram or social medias you have, one screen to follow hot trading pairs technicals and check the buys and sells. Thats barely enough.
sleep little on bear market (well still many opportunies) and no sleep in bull market.
good sense of market sentiment and discipline, simple but probably the most important one.
good source of information, making friends in the circle, obsorbing quickly from soicial medias and keep good track of them, so capable of finding the current hype.
put the cryptos to work while sleep, assets are distributed in different accounts on different chains and different protocols, to distribute risks.
familiar with finiancial tools, lending, leverage, hedging, for example, OKEX is launching a hot IEO(GODS) tomorrow, are you able to lend OKB somewhere? When you are mining dydx tokens, do you know how to hedge it? If exchange A and exchange B have different funding rates, are you able to hedge it?
own hardware wallets, thats probably until they get rich already.
willing to share, some of them owns a blog with thousands + followers.
Will share more later when it comes to me…