Who has made money so far in this bull market? First of all, it is definitely not VC. Most of the projects they invest in have not yet started issuing coins. Even those coins with high FDV and low circulation that have been scolded by the community seem to have book value dozens of times, but if there is no copycat bull market in the future, by the time VC is unlocked, another 90% drop will not be much.
Secondly, it is not retail investors. Most retail investors speculate in memes, play copycats, and open contracts. I can't say that there is no chance of making money, but there are very few, and the probability is about the same as playing lottery.
From observation, those who make money fall into the following categories:
1.Bitcoin holder. Hold Bitcoin and the whole world will work for you. This time last year it was 25,000, now it is 65,000, a huge profit. It is very certain that it will rise to 100,000 within a year, but most people look down upon this increase, and they will not be able to make BTC money, which is reasonable.
2. Centralized exchange . The exchange has always been at the top of the crypto’s food chain, and the entire crypto is basically working with the exchange. Of course, doing exchanges also takes huge risks. They have no fixed abode and live abroad. There are SEC inside and outside Yancheng. The risks are proportional to the returns, which is reasonable.
3. CeFi platforms such as Tether . Tether made $4.7 billion in the first quarter, more than most exchanges. Of course, strictly speaking, this money is not earned from the crypto. In addition, some financial service providers in the crypto are also making a lot of money quietly, such as custody financial platforms and so on. They provide good services to the crypto and the money they make is very reasonable.
4. Operation teams of some public chain/DeFi products . DeFi products such as Uniswap actually have a lot of traffic, but transaction fees have nothing to do with governance token holders. Almost all of them go into the pockets of the team. This income is actually considerable.
The Base team may earn tens of millions of dollars in fee income from one Friendtech product. The Tron public chain also makes a lot of money by relying on daily USDT transfers, and most of it goes into the team's pockets.
These projects do not rely on selling coins to retail investors, but make money by developing businesses. In fact, they are similar to traditional Internet businesses. They are the hope of the crypto and are worth learning from all project developers. Especially with the example of MakerDAO, Uni also has proposals to prepare dividends. These are the Alphas of this bull market.
5. If a currency issuance project company with a high market value whose main purpose is to sell coins has already launched CEX, they will have already made a lot of money this round. They don't need much income. For example, in some ZK projects, after the airdrop, the daily activity on the chain is only two or three digits, which does not affect their market value of tens or tens of billions. Market makers happily help the team sell coins.
Some other DeFi coins with high control are GameFi coins with few living people in the studio, and the situation is similar. These cancers in the crypto are constantly sucking blood in the crypto. The trading team behind these cancers is of course an accomplice in making money. What's funny is that a while ago, I saw someone bragging on Twitter about how much money they made from a trading project. This kind of spectacle is unique to the crypto.
There are also some, such as quantitative teams, etc., who make hard money, so I won’t list them one by one. However, through the above analysis, you can consider building a crypto to earn money forever. The main targets you hold are selected from 1-4. Avoid 5.
