Bitcoin is so profitable, I said this one day after the margin call on August 5.
This is not a mockery. It is now 12 noon on August 6th, and it has been less than 24 hours since my margin call yesterday. I just finished my meal, but to be honest, I don’t know what I ate. I tried to escape from reality yesterday. I curled up under the bed alone, not daring to face my family. I tried to sleep and woke up to find that I had returned to a year ago, when I had not yet been exposed to these things.
But it is obvious that such a miracle will not happen in the world, so now we can only reflect on it.
At the beginning, I hated all the K-line trends. I thought it was all just a scam and there was no bottom line at all. All scammers were scammers and there was no pressure or support levels.
It's obviously just a game of betting on the size of the bet, but in the long run, everyone will definitely lose everything. I hate it so much.
The interest rate was only cut in September, so it couldn't possibly rise for a month in August. With this thought in mind, I had already shorted the price above the Bollinger band on July 20th, at 67,000, thinking that I could hold on to 73,000 at most.
As expected, five days later, the price fell to 7.25. However, I clearly set a take-profit at 63,300 and opened a long position, but after reaching 63,400, it rose all the way to 69,000.
I started to panic. Will Bitcoin continue to go up? I thought about hedging to avoid some losses. I went long at 68,500, and planned to close the position after it reached 7 and closed the market at the close of one hour. But when it started to fall, I wondered if this was a trap to lure short sellers?
Little by little, little by little, I had clearly set a take-profit at 70,400, so why did it fall from 70,100 to 48,888? What a damn world.
My liquidation price was 42,000, which seemed foolproof to me. However, I closed my short position at more than 60,000, thinking that as long as there was a rebound to lure more longs, I could close my long position. As long as it went back to 68,000, I could close my position. At this time, the liquidation price was 50,000, which should be enough, I thought.
I thought so, but if the profit-taking is successful, although the trend is the same as it is now, just a little bit down, a little bit up, just triggered my point, what will I be like now? Should I be short or have I already bought the bottom at 49,000?
Second exploration, hurry up and buy at the bottom!
I don’t know what the future trend will be like. It just happens to be stuck below my liquidation price of 50,000. If he can predict it, he must have traveled back from the past.
This is the end of my description of my own stupid operation
But in fact, Bitcoin is so profitable. Since I entered the circle in March, I just need to buy Bitcoin at 60,000 and sell it at 70,000. Don't do anything else, don't use any leverage. This is a fool-proof operation that others will think is stupid. The sad thing is that 7÷6=1.166667, and the market has completed three times since June.
The cube of 1.16 is 1.560896, which is the number I dream of. Because I have been liquidated twice, 10,000 U in March and 20,000 U this time. I have been thinking about it since the liquidation in March. In fact, it is to make back my 80,000 yuan, 50%. If you say to others outside the cryptocurrency circle that you want to increase your assets by 50% in a month, three months or even a year, will others call you a fool?
But in fact, in the cryptocurrency circle, if you can give up your greed, it is actually very simple. I think so, but it is also hindsight. Who can be sure and keep such operation all the time?
People with less capital will think about how much money they have won. People who have just entered the circle will think that the opportunity has been missed, there will not be so many opportunities in the future, I must take advantage of this market to make a fortune.
Compared to me who made 80,000 yuan in March and I who endured for four months and didn’t even dare to buy the 50,000 yuan on July 5, I missed everything. I want to earn 1.5 times. What a big goal!
But as long as I buy the spot at 50,000 now and sell it when it rises to 75,000, I can achieve it, if I still have money. Unfortunately, there is no if.
To be honest, I am not greedy. I recharged money not to make more money, but to make 50% or 40% to make up for my previous losses. But in the end, with the triple leverage of the contract, I still lost everything.
But now I have lost 30,000 U.S. dollars, and there is no way I can get it back.
I still have 100,000 yuan now. I want to earn back the current 240,000 yuan. I need to have a 2.4 times return to make BTC increase from the current 50,000 yuan to 170,000 yuan.
Then I can only go for high leverage, three times, five times or ten times, or I should go and do a copycat?
Will I save money for four years and buy it in the next bear market? Will there be another chance? Will it continue to trend like this in four years? Will there be another chance of shock? Or will it continue to rise without looking back? I don’t know, and I don’t know how much it will fall by then.
I am now 24 years and two months old. In four years, I will be 28 years old. Although I don’t have a girlfriend yet, by then, at least I will have a family, although I don’t know if I will have children. How much will I invest by then, 400,000 or 600,000? I want to earn back my 240,000 as long as I make 50%. If I lose it again, I will become a 30-year-old who loses 1 million in online gambling, and then my wife divorces me, and my life is ruined.
So suddenly I understand those people who took out loans. If they were not using high leverage but taking out loans to buy spot goods, I suddenly seem to understand them because they really want to make back their previous losses.
But by waiting, watching their interest grow every day, watching the market fluctuate every day, they all go for high leverage, and then end up on the road to bankruptcy or making big money.
I don’t know why I’m writing this now. Maybe it’s just to vent my emotions, to stop myself from thinking too much, to stop myself from committing suicide, and to stop thinking that I’m dreaming now and then wake up to find that it was a year ago.
If I had a choice, I would tell myself not to touch the contract. Triple leverage will also explode. Don’t buy knockoffs? I’m not sure about this, because I don’t think I’ve bought spot. Tell yourself: It’s easy to make 50% back.
But there is no chance anymore. For me, should I try to cheat some money to invest in spot trading, or take out a loan? I can't do either, so I can only admit that I have lost 240,000 yuan. Don't worry about gains and losses and think that there is no chance. Don't worry, there will always be a chance.
It was really painful for a young person who had been told that his parents worked so hard for him since he was a child, and who had developed a stingy character. He found a good job, but dared not spend a penny, and had a three-digit monthly expenditure to maintain the basic quality of life in a foreign country. When the more than 200,000 yuan was lost, it was like two years of pain, and all the efforts turned into bitter fruits, which were held in his mouth for two years, and two years were lost.
I advise everyone to take my experience as a warning, if you are someone who has not lost a lot of money and still has a chance, if you are someone who is planning to make a lot of money.
Be careful with your choices, don't become like me.
I hope everyone can make a lot of money, and I hope that anyone who sees this article in the future can help you a little
Goodbye everyone, I'm going to live my life
2024.08.06
A fool who changed his name in March and needed 10,000 U to recover his investment, lost 20,000 U in August, and lost 240,000 U at the age of 24
