If there is a rank in the crypto field, are you a "bronze" or a "king"?

If you have friends who entered the circle in 2017-2018, you must still remember the blockchain poker deck?

A few years have passed, and many of the rankings above have changed. I believe that if someone makes a 2022 version, except for the big and small jokers, many other cards will have different names.

There's no way around it. We humans just like to categorize things into different levels. When we were in school, we had to take exams and get ranked, such as CET-4 and CET-6, IELTS... After you start working, you think you can finally get rid of the fate of being ranked, but you don't know that there are various KPIs, OKRs, and internal levels within the company. In fact, the whole society will secretly give you a vague "ranking" based on your income, position, and even appearance and figure.

If you don’t believe it, go to the dating market and you’ll know roughly where you rank:)

Naturally, in the field of encryption, there are also different levels.

This is the same as when you play League of Legends! Evaluate and see which rank you can get into?

bronze

Bronze - Naturally, new players will start in this rank, just like in League of Legends, no matter how good you are, you will always start in bronze. The difference is that players with experience in the stock market or other types of experience can often jump out of bronze quickly, while if the crypto field is the first category a person comes into contact with, then it is estimated that they will stay in bronze for a while.

The characteristic of the bronze team is that their understanding of Bitcoin and Ethereum is limited to the level of "hearing" or "knowing", and they often do not have these two assets in their hands. When they come in, they often rush for the cheap unit price, but they don't actually know which asset they hold . For example, the bronze team in 2017 rushed for XRP, and the bronze team in 2021 rushed for dog shit.

They often enter the market in the middle and late stages of a bull market. When they see news that Bitcoin has hit new highs and that blockchain and Web3 are a revolution, they can't help but feel itchy. However, when they see the unit price of Bitcoin at hundreds of thousands and Ethereum at tens of thousands, they feel it's expensive. Then they are fooled by their friends and buy a lot of small B coins such as Dog B and Shit B, which can be bought for a few cents.

They can often make profits in the early stages, and even surpass the silver and gold players for a period of time. However, as long as Bitcoin goes down slightly and enters the late bull and bear stages, they will start to lose their principal. After all, at this level, it is basically impossible for them to understand how to stop profit, and they will not have any awareness of position management and risk control. It is the style of rushing forward while shouting the blockchain revolution, and losing money is almost inevitable.

silver

Silver - Players in the Silver rank generally either have experience in the stock market or other types of experience, or have struggled in the Bronze league for a period of time and made it out.

The characteristic of the silver bureau is that they understand Bitcoin and Ethereum, at least to the point of "knowing what it is", although they may not know why they are. They also have more or less understanding of all mainstream public chains, Defi, and NFT projects, and have even used some of these products themselves, and know the characteristics and some advantages and disadvantages of these products.

Players at the silver level may have some basic knowledge of K-line and basic position management skills, and their understanding of financial products in the circle is much better than that of players at the bronze level . Therefore, players at this level often come into contact with contracts, which are "the charming and deadly little goblins", just as those who drown in swimming are often those who can swim.

A small number of players in the silver market lost all their principal in contracts and even owed a lot of debts; most of them lost a lot of money in contracts and decided not to touch contracts anymore, focusing on spot trading, which also laid the foundation for entering the gold market. Therefore, players in the silver market often win less and lose more. Some can make some money in the bull market, but lose most of it in the bear market. Some directly use leveraged contracts in the bull market and are taken away by the 312 and 519 waves.

gold

Gold - Players in the gold rank have generally gone through a complete cycle of bull and bear markets in the circle. They have witnessed both the madness of the bull market and the horror of the bear market. Therefore, their risk control and position management awareness are one step better than those in the silver rank.

Players at this level have a deeper understanding of Bitcoin and Ethereum, or at least have read the Bitcoin white paper. Deep down, they truly believe that blockchain and Web3 will change the future, and they are familiar with common public chains and Defi projects. Whenever a new and well-known project appears on the market, they can quickly find information about it and get a general understanding of it, and even go to the official website to read the white paper.

Some players in the gold rank never touch contract leverage, while others treat these things as small bets for fun, or as a need to hedge risks such as "hedging", truly returning to the original purpose and meaning of derivatives. Therefore, players in the gold rank tend to win more than lose overall. They know how to cash out when they make money in a bull market. Although they may suffer profit drawdowns or position losses in a bear market, they can stop losses to a certain extent under their own position management and risk control system, so they usually earn more than they lose.

For players at the gold level, Twitter is generally a much bigger channel for obtaining information than WeChat groups or Weibo.

platinum

Platinum - Players in the platinum rank usually have more experience, and have dabbled in the industry, the stock market, gold... and may have gone through more than one bull and bear cycle in the industry.

Players at this level have a relatively clear framework of thinking about the technical context of the development of the entire blockchain industry . In addition to a deep understanding of the operating principles of Bitcoin and Ethereum, they also have unique insights into the opportunities and problems faced by Defi, NFT, Gamfi, Web3, storage, etc. in the industry. The channels for obtaining information about new projects are also relatively diverse and can be understood. While obtaining information, they often also output their own cognition to the outside world. Some KOLs in the industry are often at this level.

Therefore, in addition to catching Beta such as BTC and ETH in each round of bull and bear markets, they can also catch some Alpha by predicting some hot spots in advance . For example, last year some of them caught Solana, some caught Axie, and some caught Luna (as long as they can stop profit smoothly before 512...), and any one of them can bring dozens or even hundreds of times the profit.

Platinum players may not be able to make a profit in a bear market, but generally speaking, they can keep most of the profits in a bull market. They know the importance of patience. They can hold valuable tokens in a bull market, and they will not easily sell them in a bear market . Slow is fast, which is well demonstrated in this level.

diamond

Diamond - At this level, it is basically no longer the level of retail investors, but belongs to some "big whales" or VCs, such as the once famous 3AC (although it is bankrupt now), or the famous 0xb1 in the Defi world (which just revealed two days ago that it is actually doing asset management for Celsius). They are all considered to be the best at this level.

This level has a crushing advantage over ordinary retail investors in terms of capital volume, opportunities in the primary market, big data analysis and other dimensions . In other words, it is a dimensionality reduction attack . Many of the "Smart Money" addresses marked on Nansen should be at this level. These people (institutions) make a lot of money in the bull market through good primary market opportunities and leverage, and they can also make little loss in the bear market through short selling, grids, options and other tools, and even make a small profit. Of course, there are also those who have too much leverage and poor risk control and encounter black swans and fall back to the bronze level overnight, such as the 3AC mentioned just now...

Basically, when it comes to asset allocation, reaching the Diamond level is pretty much the limit. If you want to go any higher... you can only go to the Master level.

master

Master - At this level, it is no longer about your rate of return or how much money you make, but how much contribution you have made to the industry, or how great your industry status and influence are.

For example, in the 2017 deck, several Ace bosses could be considered at this level at the time.

Nowadays, those who can enter this level include CZ, SBF, Gavin Wood, Hayden, Stani, A16Z, Paradigm...

In other words, the entire industry is mainly driven forward by these "masters".

King

So what rank is next after Master? Of course, it is the ultimate "King" rank!

King - I believe you don't need to guess, you will definitely know who is in this rank

Basically, there are only two people who are qualified to be the king: Satoshi Nakamoto & Vitalik Buterin.

They are not only the promoters of the industry, but also the founders of the entire industry. One created Bitcoin, which made blockchain technology come into being and achieved the birth from 0 to 1; the other created Ethereum, which greatly expanded the imagination and application scenarios of blockchain and achieved the leap from 1 to 100.

I think all of us should thank these two creators and pay tribute to the two "kings"!