Making money in the crypto world, and then what? Analysis of trader Vida's mindset after 00, aiming for the top twenty Chinese billionaires.

In the Crypto Assets market, stories of young trading prodigies becoming wealthy overnight and then quickly falling from grace are common. However, 25-year-old trader Vida deliberately distances himself from such narratives. He candidly states that he has never considered himself a trading genius, nor does he stake his life on the high-leverage gambles of a lone hero.

People in the coin circle often do not regard money as money, and Vida always has a reverence for money.

Vida positions himself as an entrepreneur and operator of a self-operated trading company, rather than an independent trader working solo. He emphasizes that those who can truly survive in the market for the long term and even reach the level of top players worth hundreds of millions of dollars mostly rely on teamwork, information collaboration, and pack tactics rather than individual heroism. He candidly states: the market loves stories of hitting it big overnight, but reality often doesn't work that way.

In his view, traders who can withstand extreme volatility often develop a dangerous mindset of not treating money as money at some stage in their lives. He named past cases in the market, such as Brother Maji and James Wynn. He believes that this mindset has caused many people to fall rapidly from their peaks. In contrast, Vida stated that regardless of how much the asset scale grows, he always maintains a reverence for money, and as long as there is time, he will not miss any reasonable arbitrage opportunity.

This discipline is also reflected in his asset management approach. Vida takes stock of his personal asset status every quarter, and this habit has been maintained for seven years, with positive growth each quarter. He also adheres to a very conservative consumption philosophy. Recently, he purchased a self-occupied house, using only about 3% of his net worth, which even led friends to tease him for being too frugal. However, he candidly states that a self-occupied house does not generate cash flow and is considered a negative asset, while real estate means liquidity is locked in, with high opportunity costs implied behind it. In the future, even if he buys a car, he only plans to spend 1% of his total assets.

Founder of Equation News, Vida: Achieving success at a young age means starting compound interest earlier.

Regarding life goals, Vida does not hide his ambition. He describes the amount of money as a scoreboard in the game of life, with the goal of entering the top 20 Chinese billionaires during his lifetime. He believes that accumulating substantial capital by the age of 25 means he can start compounding earlier than most people and even has a longer time window to amplify results.

Therefore, the core strategy he set for himself is summed up in two words: hold on. Specifically, this includes maintaining physical health and promoting asset appreciation in a step-by-step manner, pursuing a stable compound interest of 20% to 30% each year. He emphasizes that looking at it over a longer time frame, the goal is not out of reach; on the contrary, history has repeatedly shown that those who fall often become more arrogant and heavily invested.

In terms of trading methodology, Vida believes that the true replicable trading holy grail is like fishing: maintaining sensitivity to the market, participating on a small scale, patiently waiting for significant opportunities with high certainty to arise, and then decisively taking action. Recently, with the market being boring, he has also focused more on experiencing life.

Leverage is only used for arbitrage and high certainty returns, not for guessing the direction.

Vida also admitted that in the early stages he did choose to go all in, but the premise was always high certainty events and short-term strategies. He cited three representative cases: in 2021, he used algorithmic trading to target Musk's tweet mentioning DOGE, amplifying the available position through a multi-account structure; in 2023, during the Silicon Valley Bank incident when USDC decoupled, he quickly increased his holdings after the policy signals became clear; and in the same year when the news of Grayscale's lawsuit victory was released, he made short-term long trades on Bitcoin.

He emphasized that the commonality of these operations lies in leveraging to amplify the profits of arbitrage-type, high-certainty opportunities, with holding times mostly only a few hours, rather than betting on direction in a market with too much noise. After the asset scale exceeded 15 million dollars at the end of 2023, he has almost stopped using leverage.

This article is about making money in the coin circle, and then what? Analyzing the mindset theory of trader Vida after 00, targeting the top twenty Chinese billionaires. First appeared in Chain News ABMedia.