Shen Yu: Financial advice for different stages of the blockchain industry
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Shen Yu: Financial advice for different stages of the blockchain industry
Which stage are you at?
Navigating Web3 tides with focused insightsAuthor: Shenshu
As the overall market cap of the industry expands, individuals' wealth has likely gone through changes as well. In your personal journey of wealth growth, which stage do you think was the most difficult? Please share what made this particular stage so challenging.
Earlier, Weibo blew up—here’s a repost of advice I wrote years ago for beginners: How to grow $1,000 into $100 million in the blockchain industry?
Under $100K
Learn more, act more.
Farm core DeFi project airdrops; secure whitelists and mints for hot NFT projects. At this stage, you’ll need to spend significant time gathering information, analyzing and identifying promising projects, and executing relentlessly to maximize yield.
$100K – $1M
Do not use leverage to trade coins; avoid futures contracts.
On new public chains and L2s, apply the time-machine analogy to identify promising projects and accumulate positions at low prices—find your 10x coin.
$1M – $10M
Choose your base currency—BTC, ETH, or similar—and dive deep into research. Trade moderately, but never short, never short, never short!
Use low-leverage DeFi lending protocols flexibly to improve capital efficiency. Platforms like dYdX allow you to trade while earning token rewards simultaneously.
Observe closely, pursue arbitrage opportunities, stick to your base currency strategy, and focus on growing your holdings in that currency. Avoid chasing every trend or trying to capture every penny. Generate stable cash flow through arbitrage, staking, and similar strategies. Stay calm and composed. Whether your wealth breaks through the next level will depend on time and the broader development of the industry.
$10M – $100M
Once your assets exceed $10 million, improve your family's quality of life, read more books, exercise regularly, upgrade your mindset and social circle. Hold onto core assets, avoid major pitfalls, and aim for low-risk, steady appreciation along with solid cash flow.
Avoid futures contracts, don't start a company, and be cautious about falling into traps.
Maintain a portion of your portfolio in base cryptocurrencies to avoid missing out on long-term gains.
Keep a certain amount in stablecoins to generate stable cash flow, handle unexpected personal expenses, and have dry powder available to buy the dip during market crashes.
Allocate 10–15% of your assets to invest in sectors you believe in—this keeps you engaged and helps prevent impulsive decisions.
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