A 22-year-old KOL Vida published a long post on Twitter detailing his story of making $10 million in the crypto market.Financial success is no accident. With persistence, intelligence, execution and keeping up with hot topics, we can gain a lot of inspiration from Vida’s wealth accumulation process.
10 million US dollars at the age of 22, doesn’t it sound amazing? This is my story.
First of all, how do I make money? I started doing online business when I was 14 years old, doing geographical arbitrage from the West to the East and the East to the West. For example, China's labor costs are 1/7 of those in the West, and new technologies in the West are more advanced than China's, such as ChatGPT. Westerners know about it, but most Chinese people don't.
When I was 19 years old, I had already accumulated a fortune of 500,000, and then I entered the cryptocurrency field. One Chinese client told me that he made millions through mining and online gambling. In 2020, I became a holder of ETH and BTC. :But there is a problem. My dad is a trader and made 2 million US dollars, but he thought that the cryptocurrency was a bubble, so he asked me to sell ETH and BTC. At the time, I missed a great opportunity and selling my ETH for $969 was a big mistake.Fortunately, by the time I was 20, my net worth was about $1 million. Of course, there have been setbacks in this journey, such as when I shorted BTC at $32,000, and then Tesla was liquidated after news of accepting Bitcoin, resulting in a loss of $50,000. That should be my biggest loss as a percentage of net worth.But this incident made me think: after the news about Tesla came out, retail investors all bought it. If I can get the news as soon as possible, buy it and sell it to retail investors, I can make money.So, in March 2021, I took a chance. Every time Elon mentions Doge or dog-related words on Twitter, the price of Dogecoin rises. So I asked my developers to build a monitoring bot that would track every tweet from Elon. Then, when Musk tweets, I buy.
I made some successful attempts, but then realized I had to automate trading, so in April 2021, my developer made me an automated Dogecoin trading bot based on Elon’s tweets. It was a huge success and I made at least $500,000 from that robot.In 2021, every time Elon tweeted, I bought Dogecoin and then sold it to retail investors a few minutes later. The same goes for other coins like $SHIB and $PEOPLE, making a total of at least $1.5 million from Elon.By the end of 2021, I found that it was not just Elon’s tweets that could move the market, but also announcements from some exchanges, especially the three major exchanges. If I can be the first to enter, I can make 100% profit. So I started preparing to snipe these events.
Finally, in 2022, I have one of the fastest robots on the market and my business is similar to MEV, profiting from people's mistakes, desires, and inefficiencies.Through the bot business, in 2022, at the age of 21, I have reached a net worth of $4 million and have 4 developers on staff.In the bear market of 2022, I continued to improve my delay advantage. The goal I set for myself at that time was "work hard in the bear market, and then gain in the bull market." I worked an average of 10 hours a day, building new bots, optimizing latency, and participating in trading on some major events, such as the FTX-Binance acquisition.In 2023, my efforts in optimizing the bot, building infrastructure, and trading skills paid off and I made a lot of money through the bot from news like token listings and Elon’s tweets. I also manually traded some major events like SVB federal bailout, $XRP case win, Ethereum ETF, Grayscale win.After trading the Grayscale case a few days ago, I had a net worth of over $10 million at the age of 22.Reaching this net worth is a milestone in my life, but I don’t think it’s my limit yet. I still work until 4am, optimizing my bot to stay competitive.
I know the risks of reaching this net worth at this age are laziness, ego, portfolio concentration, and gambling. Just look at the unfortunate examples on Coinfessions. I won't make the same mistakes as those people.I spend very little time having fun and most of my time working hard or learning new techniques and knowledge.I know there are people who are better than me in different fields, so I like to associate with good people.In addition to cryptocurrencies, I am also involved in traditional finance to diversify my assets.60% of my assets are in cryptocurrencies, my current crypto portfolio consists of 90% USDC and USDT, as I need stablecoins for my bot trading and news trading business, and 10% Bitcoin spot holdings as a long-term holding have.40% of my assets are in traditional financials, including 10-30 year US bonds, China Index, Vietnam Index, China Technology, US Technology and a small portion of the S&P 500 Index. I'm generally bullish on emerging markets and technology in 2023 because I don't think high U.S. interest rates will last long.For me, I don't like gambling, but in cryptocurrency trading, it is human nature to gamble and trade. So whenever I want to prove that I am right on an uncertain trade, for example, short CYBER and buy the PUT option on NVDA, COIN, I will test it with $1-10,000 to see if I am right or wrong.
My advice to young people:
1: Find your passion and work hard, you need to work harder than your competitors to surpass them.
2: Look for arbitrage opportunities based on information differences. There are many opportunities here.
3: Outsource unimportant tasks to people whose time is cheaper or whose skills are better than yours.
4: Communicate more with people who make money, and stay away from ordinary communities such as certain currency holder groups.
5: Don’t gamble or blindly follow the trend like ordinary people, focus on the certainty of trading.Discover market efficiencies and exploit them.
6: Don’t compete with the flowing water, but compete with the endless waves.In this story, Vida shows how it is possible for a young person to achieve great success in the cryptocurrency market. From starting an online business when he was 14 years old, to joining the cryptocurrency field and then making a lot of money using robots and automated trading, his experience has been full of challenges and hard work, but also full of wisdom and determination.
Vida’s success is no accident, and his story contains many experiences and lessons worth learning. First, his diligence and hard work are the keys to success. I have been involved in online business since I was 14 years old, constantly exploring new areas, always paying attention to the market and acting quickly.
Secondly, Vida is good at taking advantage of market information gaps to find arbitrage opportunities. He pays keen attention to market hot spots, quickly seizes opportunities, and converts them into profits through robots and automated trading tools. This ability to grasp the pulse of the market is an important factor in his success.
In addition, Vida is also good at communicating with successful people and stays away from blindly following trends. By interacting with outstanding people, he received inspiration and guidance, and continued to expand his horizons and knowledge.
Finally, Vida emphasized the importance of focusing on transaction certainty and market efficiency. In the cryptocurrency market, fluctuations are violent and risks are high, but by optimizing robots, building infrastructure and continuous learning, he found market rules and opportunities and achieved amazing achievements.
It's shocking and inspiring to see Vida achieve a net worth of $10 million at the age of 22. His story tells us that young people have huge opportunities in the cryptocurrency market, but success is no accident and requires perseverance, wisdom and determination.
I hope we can all draw strength from Vida’s experience, bravely explore, work hard, and chase our dreams!
Now that the bull market has started, we must seize the opportunity and strive to earn our first million, tens of millions, in this bull market!The market is currently turbulent, and a violent bull market is about to come. It is lonely to walk alone. If you want to double the spot stock, if you can't hold it, click on my avatar to see the top of the homepage. Pay attention and pay attention to my bull market strategy deployment. Fans share for free.
I need fans, you need references!#BTC #PYTH #SOL
