👥FN Dialogue with Crypto OG: Who is the Top Earning Player in This Crypto Cycle?
Many players who reaped a bountiful harvest from VC coins in the last cycle hoped to continue their diamond-handed investment strategy in this cycle, but the results so far show that they have undoubtedly suffered a major setback.
"Why is this round so difficult? Who are the winners?" Foresight News interviewed several crypto practitioners in the field with the above questions, and they gave their answers.
🟠Bitcoin Holders: Winning Big
Buyers who firmly play Bitcoin have undoubtedly benefited greatly in this cycle.
🎙️Dialogue with @Jhy256
NDV (NextGen Digital Venture) fund, established in 2022, is one of them. Its founder, Jason, told us that NDV's first fund was cleared in February of this year, with a total return of 3.75x, and has recently launched the financing of the second fund.
Jason shared that "in the broader world, there are still many external buyers. Many institutions don't even have a 0.1% allocation. They may just buy 0.1% first, and they are not sensitive to price fluctuations. If traditional big money allocates 1% of its capital to Bitcoin, it will also be very considerable for the Bitcoin asset class."
In the first year, he placed most of the fund's positions in GBTC, and last year he switched strategies and turned to cryptocurrency-related stocks, such as Coinbase and Strategy. These operations undoubtedly caught the market trend.
🔵 Meme Winners: Earning Millions of Dollars with a Single Coin
In the past year, the most wealth-generating sector in the crypto world has undoubtedly been "Meme."
🎙️Dialogue with @yuyue_chris
Among them, the well-known on-chain KOL @yuyue_chris became famous for seizing the TRUMP opportunity and earning millions of dollars. According to circulating community pictures, she spent $158,000.00 to purchase TRUMP, and the floating profit once exceeded $2,000,000.00.
yuyue shared that she is relatively flexible in position management and does not hold any other positions for a long time other than Bitcoin. This investment style obviously caters to the trend of this cycle.
She said that market participants must have their own judgment on the target. For example, if they focus on the secondary market, they need to pay attention to the narrative and the market cap estimation range, and trade based on these. The narrative here is not a fantasy, but can be supported by the K-line and the market.
🎙️Dialogue with @allinweb6
The on-chain OG player "Bit Factory Director" is also one of the biggest winners in this round of Meme gold rush. He told Foresight News, "In the last cycle, he started his on-chain trading journey after earning dozens of times high returns in just a few weeks with SHIB. In the Meme trading in the past year or two, the profit was around several million, and he seized the opportunities in ORDI, GOAT, TRUMP and other targets."
However, it is not easy to obtain high returns. "Those around me who get big returns often invest a lot of energy in on-chain research and time. This is what they deserve. The average person may not be able to do it."
His Meme coin profits will also be used to buy Bitcoin. "Now Bitcoin accounts for 85% of the position, Ethereum and BNB account for around 13%, and the rest are some altcoin Meme coins."
🪂Airdrops: From National Carnival to Game Theory Involution
🎙️Dialogue with @KuiGas
The golden age of airdrops is not far from us. In the crypto bull market from 2020 to 2021, the surge of DeFi, NFTs, and Layer 1/Layer 2 projects provided fertile ground for farming.
"In 2023, the Arbitrum airdrop became my most rewarding project, about 30,000,000.00 RMB." The well-known airdrop player Fengmi told us.
When talking about his experience, Fengmi frankly said that the most important thing is to choose the right project. Secondly, participants must learn to understand what kind of people they want to screen out, understand the protocol logic, understand the protocol characteristics, and have a very clear global judgment. The more like a "real user" and the more they adopt the "developer's perspective," the easier it will be to be included in the high-quality weight distribution rules and reward model in the future. In addition, like the sensitivity of professional traders, they must be decisive when stopping losses, and they must give up cleanly.
Of course, as airdrops become more mature, the difficulty of farming has also increased, and there are also cases of being reverse-farmed. Fengmi also shared his failed cases in the farming process. "I did a lot of BTC staking interactions on Babylon, and invested a lot of money and attention. As a result, the airdrop distribution was extremely limited, and the returns were too dismal to look at."
🛸More successful gold mining sharing from crypto OGs can be found in the original article:
https://t.co/Fys0lW2o6s
