I few answers to the questions above.
I started with about 14k -> turned that in to 30k by holding some good tokens. From 30k onwards 90% of my gains have been from arbing, i always arb back in to stable coin and my primary portfolio is in stable coins.
I wont give any details about the pairs, exchanges , etc that i trade, you need to figure that out for yourself
At this point i've gone through about 8 different strats , arbing between different defi exchanges, arbing between centralized and decentralized exchanges, arbing using margin, occasionally buying dips on coins that i know are gonna go back up (monitoring twitter to stay on top of things)
One key tip i can give you to trading on centralized exchanges is you need to understand exchange patterns , whenever trading on centralized exchanges i will always monitor the hotwallets and sometimes the deposit wallets to understand inflow/outflow and if an exchange has paused withdrawals.
I've spent the better part of the past year researching defi , various projects looking for these types of opportunities , most of them become saturated quickly , some of them are natural inneffencies in the market where your biggest competitor is other traders .
The goal of quitting my job is to treat this as a full time gig, i need to build up my skillset so that i can better automate my strats, and at the same time i'm also going to work on building skillsets that are in demand by blockchain development companies, ie solidity, rust, python, nodejs . My day job was burning me out and crypto is something i am extremely passionate about, this is where i want to build my skillsets and take my career.
Maybe i'll make some millions on my strats , and the worst case i build a skillset that is in demand by blockchain development companies/teams and get a job in an industry i am extremely passionate about.
Having 100k in the bank from trading is huge motivator, but i very much see this as an opportunity to save myself from burnout and to do something i am passionate about. Long term the worst case is i go back to work in a year, best case i become a crypto billionaire.
I started with about 14k -> turned that in to 30k by holding some good tokens. From 30k onwards 90% of my gains have been from arbing, i always arb back in to stable coin and my primary portfolio is in stable coins.
I wont give any details about the pairs, exchanges , etc that i trade, you need to figure that out for yourself
At this point i've gone through about 8 different strats , arbing between different defi exchanges, arbing between centralized and decentralized exchanges, arbing using margin, occasionally buying dips on coins that i know are gonna go back up (monitoring twitter to stay on top of things)
One key tip i can give you to trading on centralized exchanges is you need to understand exchange patterns , whenever trading on centralized exchanges i will always monitor the hotwallets and sometimes the deposit wallets to understand inflow/outflow and if an exchange has paused withdrawals.
I've spent the better part of the past year researching defi , various projects looking for these types of opportunities , most of them become saturated quickly , some of them are natural inneffencies in the market where your biggest competitor is other traders .
The goal of quitting my job is to treat this as a full time gig, i need to build up my skillset so that i can better automate my strats, and at the same time i'm also going to work on building skillsets that are in demand by blockchain development companies, ie solidity, rust, python, nodejs . My day job was burning me out and crypto is something i am extremely passionate about, this is where i want to build my skillsets and take my career.
Maybe i'll make some millions on my strats , and the worst case i build a skillset that is in demand by blockchain development companies/teams and get a job in an industry i am extremely passionate about.
Having 100k in the bank from trading is huge motivator, but i very much see this as an opportunity to save myself from burnout and to do something i am passionate about. Long term the worst case is i go back to work in a year, best case i become a crypto billionaire.