Wang Jingyi
Crypto Experience: 7 years
Personal Background:
– Core team member of “ChannelDAO,” specializing in Mandarin market expansion for Web3 projects, restructured and expanded in 2024
– Founder of “Stay Qute,” incubating and cultivating Web2 and Web3 KOLs, established in 2024, operating akin to a talent agency to develop personal IPs
– Co-founder of “ATL Ser,” providing Chinese localization of NFT information and smart wallet data, community founded in 2019, now integrated into ATL Ser
– Co-founder of “CoinVictor,” established in 2019, offering trading and beginner information services
– Entered the crypto space in 2017, initially investing due to ICO projects, experienced through two bull-bear cycles, specializing in secondary market trading and community management
Twitter:
https://x.com/MrOldWangCrypto
IG:
https://www.instagram.com/marv_wang_jy/
ChannelDAO Community:
https://t.me/ChannelDAO
First Coin Bought Upon Entry
Wang Jingyi first encountered cryptocurrencies in 2017 when discussions were less prominent than today, with limited Chinese information and closed communities. Introduced by a senior in the military, he entered the Web3 world.
Despite modest English skills, his curiosity was piqued by this novel technology. As he delved deeper into research, he began studying English materials in his spare time to understand the world of cryptocurrencies. It wasn’t until 2018 that he made his first actual investment in cryptocurrencies.
When asked about his “first coin” in the crypto space, most would opt for mainstream options like Bitcoin (BTC) or Ethereum (ETH). However, Jingyi, with his adventurous nature, had a different answer.
“The first coin I bought in the crypto space was from an ICO,” Jingyi said with a smile, admitting he did little research at the time, following a friend’s recommendation boldly.
Initial Coin Offerings (ICOs) created a wave of investment frenzy in 2017. Many ICO projects, though, lacked substance and practical value, ending hastily.
Reflecting on his investment experience, Jingyi noted his luck in avoiding ICO scams and even multiplying his investment significantly. “I invested 150,000 yuan initially and made 4 million yuan in return.”
However, he quickly reinvested his gains, learning firsthand about the high risks and returns of investing in cryptocurrencies.
A Day in the Life of a Trader
Currently a full-time trader, about 70% of Jingyi’s positions are on OKX, with the rest spread across various international exchanges such as Bybit, MEXC, Flipster, BingX, Backpack, and Kucoin, engaging in contract and options trading for various blockchain projects.
The reason for becoming a trader was straightforward: “To make money!” Jingyi pointed out the barriers young people face in stock investments, such as insufficient capital and high fractional share costs, prompting his choice of this emerging field. Although the learning curve for cryptocurrencies is steep, entry barriers are relatively low, requiring only 500 to 1,000 yuan to start, offering high-profit potential.
As a trader, Jingyi emphasized the importance of monitoring markets daily. He typically rises at 8 or 9 a.m., checking overnight events and token movements, followed by exercise and breakfast. His day revolves around coffee shops, monitoring tokens, researching projects, and exploring new opportunities. Even at night, he continues monitoring or trading, along with video shooting and editing, making trading a round-the-clock commitment.
“A trader’s day is immersed in fluctuating numbers,” Jingyi admitted. “It can be tedious, but my interest in making money keeps me patient and persistent.”
Apart from trading, Jingyi continuously studies various sectors within the crypto space, viewing it as a tool for profitable long-term engagement and career.
Further Reading:
Illustration | Triple Your Capital Directly! What is the highly risky “Leveraged Trading”? Understanding Principles and Trends in Four Diagrams
Apps Commonly Used in the Crypto Space
Trading Categories
Exchanges: Binance, ACE, Flipster, Bybit, BingX, Gate.io, Coinbase, OKX, MEXC, KuCoin, PieNet, Bitget
Data Tracking: TradingView
Security Verification: Authenticator
Cryptocurrency Related
Web3 Wallets: MetaMask, imToken, DeFi Wallet, Coin98, Xverse, Slope Wallet, Solflare, Keplr, Phantom, Pi, Blocto
Buying Coins: CoinList
Data Tracking: DEXTools, CoinMarketCap
Credit Cards: crypto.com, Wirex
Insights and Advice
While traders must research various projects and sectors daily, not every project worth studying is necessarily “ready for investment.”
Jingyi explained that similar to technical analysis patterns like “double bottom” or “head and shoulders” in stocks, cryptocurrency market operations also follow these concepts. “I don’t look at many patterns, just about 8 to 10 fixed ones,” he noted, monitoring multiple coins daily to spot entry opportunities.
Showing a Bitcoin line chart on his phone as an example, Jingyi highlighted trend lines drawn within a specified observation period. “Look, today (15th), Bitcoin’s price broke out of this channel, indicating a good long opportunity.”
As for “how to draw trend lines” and whether to “go long or short,” Jingyi stressed these are individual experiences and perspectives. These tools assist trading without absolute judgments of good or bad, but finding methods that suit oneself.
“The hardest part of trading is patience and discipline,” Jingyi concluded. “At first, it’s easy to be impulsive and trade frequently, but it’s crucial to stay patient and follow the plan step by step.”