On July 16, a user asked DegenSpartan on Twitter about retail investment strategies for cryptocurrencies, "What do you think is the best strategy for people with assets below 5 figures? I think the bear market (pvp) is not good, so consider holding Bitcoin, Ethereum, 1 meme coin, and 1 altcoin that can outperform BTC. Then continue to invest until the bull market (pve)."

DegenSpartan did not comment on this strategy, but responded directly, "Get a job."

In response, Wangarian retweeted and commented, "In reality, you may need more than $10 million (over 70 million RMB) to quit your job and start investing independently. Maybe you can survive on less money, but the margin of safety will become lower and lower. It is better to invest while working."

Wangarian’s comments sparked discussions in the community, with related tweets quickly reaching over 1 million views. Wangarian previously worked as a partner at Definance Capital and now co-founded the incubation investment company TANGENT with Jason Choi (former partner at Spartan Capital).

Although in subsequent discussions, Wangarian said that this is the number I am willing to give up all the cash cows (work) and relax and focus on cryptocurrency. Everyone has their own standards. And I am in Singapore, where the cost of living is relatively high.

But the community was not convinced. Many community members thought that as an investor, he did not know much about areas other than the primary market, and seemed to have a "why not eat meat" mentality.

@DCinvestor, who has 230,000 followers, said, "I agree that the vast majority of people invest in crypto as a hobby until they reach a certain level of wealth and can afford to diversify into certain assets to reduce risk (especially if they have the ability to earn a high income)... I'm not sure if you would necessarily put that number at $10 million though... it would vary. Depends on a variety of factors, such as cost of living, desired standard of living, etc."

Mr. Block from the Curve core team said that after more than three years of angel investing alone, he found that this road is indeed full of crises.

Compared with recognition and objective discussion, accusations are more pointed.

Alex Svanevik, CEO of Nansen, said that even if you only have $5 million, you can deposit half of it into Coinbase at an annual interest rate of 4%, generating $100,000 in income per year... and you still have $2.5 million to trade freely. @snowsledge0x has a similar view, if you buy 10 million in government bonds, you can get $500,000 a year. And you only need $100,000 a year to live a fairy-like life in Bali.

Ansem said that if you have $10 million, you basically have the right to retire in most places around the world. Why is this a prerequisite for independent participation in crypto? Tnut from Kujira went further and said that people should focus on crypto and then make $10 million. 99% of people who achieve this goal will retire, but unfortunately, 99% of people do not do this.

Galborta from InternDAO said, "But all I have is $5,000 and a dream." Wangarian's former colleague, Definance founder 0xArthur also said, "I started with $100,000 after leaving BP in early 2018. So don't underestimate yourself."

Some people even joked that have we reached the peak of this round of rise? Because the last time I saw such a statement that you can only leave your job for 10 million was before the FTX crash. Some people even brought up Zhu Su’s tweet in 2021, "WOW, soon 15 million won’t be enough to buy a rare NFT, let alone a house of the right size."

After a round of fierce battle, Wangarian said tiredly that you should never try to change the users on Twitter. In response, LayerZero CEO Bryan Pellegrino replied that there is always this process, as long as we live long enough, (we) will always become the source of emoticons. 99% of crypto Twitter users are almost created from scratch, and there will be a big deviation from the normal situation (survival probability).

In general, users who view this tweet from the perspective of primary investment and entrepreneurial teams will be more objective and rationally analyze the conditions that vary from person to person, such as location and individual. However, not many people have the opportunity to participate in the primary market. In the current market structure, secondary market users are the mainstream in terms of voice. In addition to the characteristic of holding insufficient funds, users also have a desire to participate in emerging markets and gain wealth. To match this, the crypto circle is not short of myths.