Does anyone understand? I just saw the news that JPMorgan officially announced support for mainstream crypto assets as collateral for loans, and I smashed the coffee cup next to me. This 'compliance milestone' is something I've been waiting for a full 8 years. Back then, I lost money because I didn't have this channel, and now I can still slap my thigh in the middle of the night when I think about it!
As an old hand who has been in the crypto circle for 10 years, I have turned a starting capital of 5,000 into a holding of tens of millions. The pitfalls I've encountered could circle my neighborhood three times, and the money I've earned relies entirely on hitting a few key trends right. But if I were to say what I regret the most in my life, it isn't the early days of chasing after niche air coins, but rather in 2017, when I had to grit my teeth and sell 3 BTC at a price of 20,000 U due to a family emergency. Now the value of those 3 coins could buy a mid-range sedan, and every time I review that moment, I want to slap myself twice.
Back then, the circle was still in the 'wilderness era.' Holders had only one way to activate their assets: sell coins. Let alone compliant mortgages, even finding a legitimate large transfer channel required acquaintances, resembling underground transactions. So when JPMorgan's announcement came out, my first reaction was 'it's finally here.' This not only signifies traditional finance bowing to crypto assets but also adds a layer of 'security lock' to ordinary players' assets.
Riding this wave, I've also pulled out the three core survival tips I've saved up over the past 10 years. Newbies can directly copy the work, and seasoned players can fill in the gaps.
First, focus on the two major leading assets and don't become a 'curious collector.'
In the past 10 years, I've tried various types of crypto assets—if there aren't 100, there are at least 80. From early altcoins to various new concept tokens, only two major leading assets have withstood policy fluctuations and weathered bull and bear cycles. This time, JPMorgan has directly listed them as recognized collateral, providing all players with a 'sense of security.' The consensus and value of these two assets have already received the stamp of approval from traditional financial giants.
My advice to newcomers is to anchor 80% of their funds in these two major leaders, while the remaining 20% can be used to test quality ecological tokens with small positions. Don't impulsively bet your entire fortune on those niche coins that sound impressive; chances are you'll just be sending heads to the project team.
Second, assets need to be activated but don't over-leverage; both leverage and limits need to leave room.
In the past, there were no compliant mortgage channels, and holding coins meant 'locking up cash flow.' You could either hold on and wait for price fluctuations or cut losses for cash. Now, with formal mortgage lending channels, it’s like giving assets a 'second life.' You can obtain operating funds without selling coins, which is a blessing for long-term holders.
But I have to pour cold water on this: the limits on this type of mortgage loan will most likely not exceed 50% of the asset valuation, and definitely don’t use the full limit! Everyone understands how crazy the fluctuations in the crypto market can be. If a sudden market drop triggers forced liquidation, that would be a case of losing more than gaining. I've seen too many cases of people losing their entire fortune due to greed by borrowing up to the limit; the lessons learned are right in front of us.
Third, follow the trend of compliance and don't go off the beaten path to mine for gold.
In the early years, people in the circle self-deprecatingly referred to themselves as 'underground workers.' Transactions relied on communities, and transfers depended on acquaintances. It was common for platforms to run away with funds. However, the past two years have been noticeably different. Traditional financial institutions have continuously entered the market, and the industry's steps toward compliance have become increasingly significant. This is the real trend.
Newcomers must avoid those unqualified wild platforms, and don't be lured by the hype of high-interest loans. Those seemingly attractive high yields are all traps leading to the total loss of principal. My principle is to only choose licensed, legitimate platforms and follow the direction of giants like JPMorgan, which can at least cut the risk in half. After all, staying alive in this circle is more important than anything.
Speaking of this, I must share a heartfelt truth: After 10 years of ups and downs in the crypto world, I've seen too many people trying to get rich overnight by betting on news and using leverage. In the end, they either fade away quickly or leave the scene entirely. The ones who can truly roll small funds into large positions have never been the lucky gamblers but the steady players who can grasp the two core elements of 'consensus + compliance.'
JPMorgan's recent actions essentially provided authoritative endorsement for the value of the two major leading assets and pointed the entire industry in the right direction. For ordinary players, there's no need to fantasize about overnight doubling; stabilizing core assets and using compliant tools to gradually accumulate is the way to go.
