People who make money:

In China's once-hot cryptocurrency circle since 2017, those who can make money in it can be roughly divided into exchange founders, crowdfunding leaders, coin project issuers, mining investors, cryptocurrency funds, and third-party service providers (including wallets, financial information, and event organizers).

Industry share:

Less than 0.01% of people can make money in the cryptocurrency circle. As an unstable and young financial derivatives market, the profit ratio is of course much lower than that of other secondary markets. The fundamental reason why so many people continue to plunge into it: the subsequent imagination is broad!

Representatives:

Changpeng Zhao, founder of Binance, former CEO of Shanghai Bijie Technology (Binance’s domestic start-up company)

Guo Hongcai, Erbao, a Shanxi beef merchant, ICO angel investor for multiple exchanges and projects, including Binance

The two people mentioned above are my personal friends in the real world. It just so happens that their business in the cryptocurrency circle and the fields involved basically cover all the above-mentioned businesses that make money. But their success is accidental among accidents, and it is a typical example of getting rich quickly in a short period of time. You didn’t see Erbao (and his wife) running around and interviewing hard to use celebrities to leverage when they entered the industry, and you didn’t see the 20 or 30 people in Bijie Technology facing business difficulties and almost owed wages (if I didn’t go to Chengdu to find Erbao for a hot pot, there would be no Binance)... ...

in conclusion:

Coincidences like these, representative figures and stories of making money are not like what you imagine, such as secondary market speculation (cryptocurrency speculation) or primary market all-in, but rather the use of gaps and wisdom to do the right thing at the right time. Therefore, apart from this (summarized in the above article), 99.99% are leeks waiting to be slaughtered.

Of course, if you are only referring to cryptocurrency speculators, almost all of them lose money.