One day in the currency circle, one year in the stock market - this is not an exaggeration. In this new financial world, the only thing that can limit people is their own imagination. The market is open 24/7. Your heart must be strong and your nerves must be highly tense all day long, because the slightest change can change the unit price by a few cents a month. Increased thousands of times... I have always disapproved of young people speculating in currencies, not because of its risks, but because of its rate of return, which increased by thousands of times overnight, constantly stimulating the increasingly impetuous public nerves, making too much money. Many people have lost their life goals. Everyone is talking about blockchain, as if blockchain is another symbol of the United Arab Emirates, Singapore, Hong Kong, Tokyo, and New York. It is filled with countless greedy dreams-trying to get rich overnight. . There are many myths here, such as Li Xiaolai, Erye Bao, and the magical girl. There are also many big guys gathered here, and BAT has also joined the game.
"If it hasn't increased hundreds of times, don't say you bought it." This sentence is often mentioned to me by a friend. The myth of sudden wealth is too easy for people to get lost.
What I want to recommend today are three relatively low-risk ways to play. They will not make you rich overnight, but have stable income, high return rate, and low threshold. They are suitable for both new and old players.
1. Moving bricks
In addition to the well-known ways to make money in the currency circle, including currency speculation, mining, and cutting leeks... there are also a group of people who are quietly making a fortune.
They are the real speculators in the currency circle and can be called "fighters among speculators." Domestic policies were strictly controlled, currency prices plummeted, and everyone was wailing, but this group of people danced and made a lot of money.
They are the hermits in the currency circle - the "brick-moving army". The essence of trading is very simple: take advantage of the price difference between different currency trading platforms, buy at low prices and sell at high prices, or sell at high prices and buy at low prices, in order to earn price arbitrage.
Last September was like a nightmare for many elderly people speculating in the currency circle. On September 4, the central bank issued a document clearly stating that ICOs were illegal. On September 14, regulators required the closure of Bitcoin exchanges registered and operating in the country. Under the heavy blow, the price of Bitcoin plummeted rapidly.
The price of Bitcoin in China’s exchange Bitcoin dropped to 18,000, while the price on overseas exchanges was 23,000. Every time a transaction generates a huge price difference, in the eyes of the Brick-moving Army, it is a God-given opportunity. When fluctuations occur, it is their sniping time.
However, with the transparency of exchange information and the gradual flattening of price differences, the arrival of the bear market has also made currency prices relatively stable. The dividends of the brick-and-mortar army are fading away. The profit margin is only 0.1%-1.6%. The money earned may be enough to cover the handling fees, so some people choose to leave the market.
A friend who trades bricks and mortar told me: "I did it with several friends in Korea. We bought in China and sold on the Korean exchange. Our profit was only 2%. We spent 2 million to enter the market and only made a profit at one time. More than 40,000 each.”
After doing this 40 times and making nearly 1.6 million, he stopped doing it. Due to the country's control on personal foreign exchange, every time he transfers money to foreign exchanges, he can only use underground banks. This faces huge risks. Once targeted by regulatory agencies, the account will be frozen and all the principal will be lost.
In addition to account freezes, there are also other risks faced by Bandhuang.
In the brick-and-mortar industry, transaction speed is very important. Manually moving bricks is slow, and you will miss many opportunities and lose handling fees. For small-amount transactions, the handling fee is irrelevant, but if the transaction amount is relatively large, the handling fee of 0.1%-0.2% is expensive.
Therefore, in addition to "individual operations", there are also many professional brick-moving teams with a clear division of labor. Software development, trading, and financial personnel all perform their respective duties.
The development of the Brick-moving Army has gone through four stages:
1. Primitive stage: Bitcoin has differences on various platforms. The most primitive way to move Bitcoin is to buy it where the price is low, and then sell it where the price is high.
There are problems: the turnover rate is very low, the exchange is relatively fast in issuing coins, but the transfer of money is too slow. If you frequently use legal currency to transfer money like this, there is also a problem. It is difficult for you to explain to the bank what you are doing.
2. Coin-to-coin transaction stage: In order to solve the speed problem, all transactions are directly converted into other currencies without involving legal currency transactions.
But there is still a problem: it is still not fast enough. In many cases in the currency circle, opportunities are fleeting.
3. Primary hedging stage: You can put some coins (such as USDT) on each platform. If the price on this platform is high, sell it here: buy the same amount of coins on another platform. After a while, the price on the other platform is high. Sell on another platform and buy here, always keeping the positions on both sides equal.
There is a problem: the price of the currency itself rises and falls. In December last year, Bitcoin fell from 20,000 US dollars to more than 6,000 US dollars now, a drop of half. Such rises and falls are very risky.
4. Advanced hedging stage: After trading in the traditional Bianzhuan market, go to the futures market for hedging, so that regardless of its rise or fall, you can earn the price difference of its fluctuations.
2. Coin Circle Gathering Wool
In November 2017, a project called MeSign was promoted. Registering and inviting other users to download DAPP can get token rewards. And this project is a six-level recommendation, which means that you can get rewards from the people you invite to the next six levels.
At that time, MeSign was about 2.2 ETH, and the highest price reached 18,000 yuan. Many people picked up 10 of them through sheep hunting, and sold them when the price was more than 10,000 yuan. Airdrop coins are like this. It may make you a lot of money, but it may also make you get nothing for your hard work. When many people first started to collect wool, they read all kinds of wool information almost every time they walked. If you calculate it by quantity, there are probably several million coins in the wallet, but if you calculate it by value, these coins are currently worthless.
In addition, there are also risks in obtaining airdrop coins by registering with personal information such as mobile phone or email address. Accurate personal information in the currency circle costs at least ten yuan a piece on the black market. You can make a lot of money just by selling personal information.
In addition, there are many project parties that build communities by issuing worthless coins, and then promote other project parties. Although the Wool Party did not suffer any property damage during this process, it became a tool for others to make money.
If you are reluctant to let go of your children, you will not be able to trap the wolf. There is no need to pay for anything in return. Just like shedding wool, "While you are shedding wool, someone else may be shedding you."
3. Invest selectively
Everyone wants to buy low and sell high. Take a look at the trend chart of Bitcoin and imagine what state you would be in now if you were full of positions at low prices and sold at high prices. Is it like winning the lottery? Many people have just started to get on the bus and have no acquaintances. Guiding the way, I know nothing, and I know how to buy big coins, such as BTC, ETH, ECH, EOS... As everyone knows, these big coins currently have no advantage in appreciation speed and price. They are not big coins that prepare large funds and hold them for a long time. Players, I don’t recommend you to blindly buy.
Moreover, because of the large number of traders, these coins are the main targets of large funds and institutions to pull and sell, and retail investors often cannot escape the fate of being harvested.
If you look at the entire cryptocurrency market as a whole, the overall market share of cryptocurrencies is constantly increasing. What is the opportunity for this market capitalization to rise? It is certainly not driven entirely by one currency, but by multiple currencies. The best way to safely capture the overall growth of cryptocurrencies is to diversify and reap growing profits from multiple coins.
Additionally, there is an interesting fact: from January 2016 to January 2018, Corgicoin rose 60,000 times, while Verge rose 13,000 times; during the same period, Bitcoin only rose 34 times. While you'll earn significant profits from Bitcoin, expanding into other currencies could make your potential profits even greater.
Therefore, as a novice, it is a wiser choice to invest in small coins. When they were first released, many people could not see its value, but they are indeed the favorites of old leeks. They specifically subscribe to these new coins and wait until they are opened. After trading, you can sell it and make a small profit.
More experienced players will also judge through their own experience. For example, in some currencies, if their team background, project vision, and technical strength are relatively good, such projects are very suitable for medium- and long-term investment holdings. Doubling their value will definitely make them You are pleasantly surprised. BNB is a good example of a long-term holding currency.
Recently, it was down 20% at one point and I witnessed some people selling it to protect their investments, however, a week later, it almost tripled again. GPA is also a good choice. The project has good momentum in all aspects, and the price is cost-effective during the private placement stage. It is expected that there will be a good market at the opening.
When it comes to GPA, I have to say that the information in the currency circle is poor. Why are some people always cutting leeks while others are always being cut? To put it bluntly, it is caused by the information gap. Big bookmakers have first-hand information. Big players will have more channels to obtain information than ordinary players, or they will know how to filter and screen information better, and can distinguish the impact of comparison circles caused by fluctuations in policies, economic situations, and industry situations.
Therefore, it is easier for them to accurately grasp the timing of entering and exiting the market, while novices have relatively limited information. When they see a currency with promising growth and are ready to enter the market, the big players are already ready to harvest, so it is very important to obtain information in time, especially It is private placement information, because the price is low enough and the doubling is large enough, it can be said that a small investment brings a big return.
For example, the FI I subscribed to before had a private placement of 6 points. It rose to 3 yuan in the first two days, a 50-fold increase. The cycle is short and the returns are high. The key is to find the information. I believe many people saw it and it increased 50 times. I only learned about this coin after receiving news. If I enter the market at this time, the profit margin will be much smaller. Therefore, your information lags behind, which directly affects your investment returns.
The above is a summary of how to play the currency circle.