I calculated that in the past eight years as a KOL, I have lost less than 700 million yuan!
Here are some of the biggest loss points:
Primary market investment losses
Insider information loss
Wallet stolen
Being cheated by the master
Being invited for tea
FTX goes bankrupt
Among them, more than 110 Bitcoins were invested in 2018 alone, and I remember that there were more than 1,700 Ethereum projects invested. At that time, I was so arrogant that I always thought I could make 100 million in one go. Obviously, most of them turned into bubbles later. If you hold it now, you know...
Insider information is also the most common way for people in this industry who think they are close to the "scythe" to lose money! Because KOLs think they are close to the sickle, they have become sickles over time, not knowing that they have always been lambs to be slaughtered! When the time is right, the big brother will give you an insider information, which can make you bankrupt!
Losing money by drinking tea is unexpected! So there are always things in life that you cannot plan for, and it is important to take some precautions in advance! I was "done tea", and when I went in, I needed money outside, basically at the lowest position, and sold most of my crypto assets, and then I couldn't buy them back. The most important thing is that so many projects I invested in in 2018 all issued coins after I went in, and gradually returned to zero after rising. Yes, when I came back, they all returned to zero!
Don’t ask me why I know this, don’t look at why I am so Buddhist now, everything has a reason, these are such painful realizations!
Later, I gradually realized that the best supporter is myself, and the best investment is knowledge!
I knew earlier that what this market lacks the least is opportunities, but what it lacks the most is patience.
Be cautious and careful, as if you are walking on thin ice and facing the abyss. Live in the present, focus on the future, wait patiently for the flowers to bloom, and slowly get rich. This is the right way to go!
