You only know that Li Xiaolai was once the richest person in the Bitcoin world, but you may not know that in 2011, he bought 2,100 bitcoins for $6 each, only for the price to plummet to below $1, resulting in a 97% evaporation of his assets almost overnight; you probably can't even imagine that sense of loss.
You’ve only heard that Zhao Changpeng made it onto the Forbes Billionaires list, but you haven't heard that in 2014, he sold all his properties in Shanghai for Bitcoin, only for its price to crash, leaving him filled with regret; you can hardly imagine that helplessness.
You only know that Zhao Dong is a big shot in over-the-counter trading, but you don't know that in 2013 he spent 1 million to buy 2,000 bitcoins, with assets exceeding 100 million at one point. However, by 2014, he faced three futures liquidations, directly losing 1.5 billion, and still owed 60 million in debt; that kind of despair nearly broke him. Fortunately, he managed to pull through, which led to later opportunities.
Nowadays, people only focus on small profits in front of them, completely ignoring the long-term perspective. In this special industry, you must understand:
First, when prices fall, it’s simply bottomless, with no baseline at all.
Second, when prices rise, it’s simply endless, like a runaway wild horse.
Third, if you can’t bear the blow of turning 1 million into 100,000, then don’t expect to enjoy the surprise of turning 1 million into 1 billion.
Now BTC has returned to around 100,000, and the market is exploding! In this situation, it’s the best time to lay out potential altcoins! I have carefully selected a cryptocurrency expected to multiply 2-3 times in the short term and 5-10 times in the long term, leave a comment + like, and I’ll share it for free! 2