I have 20,000 yuan in my hand. How should I operate if I want to enter the cryptocurrency circle?
This friend just entered the circle with 20,000 yuan at the end of 2018. In less than a year, he lost 600,000 yuan. Here I write a little bit of my experience for everyone:
My cryptocurrency resume is a standard journey that new players must take. I hope you can read it patiently. And you can learn some routines from my cryptocurrency experience and take fewer detours.
1. The dream stage of wanting to get rich
In the early stage of entering the circle, generally no one would choose Bitcoin or Ethereum, because they felt that the price was too high and the rise and fall was too slow, so I also chose HC (the top ICO project in 2017), which was relatively popular at the time. However, because I just entered the circle, the news was blocked and I didn’t dare to operate it. HC kept falling, and finally lost 40% and chose to cut meat. What I want to tell you here is: it is not that cheap coins will definitely rise a lot, and cheap coins can also fall wildly.
2. Start the contract road after spot losses
After the blood loss of HC, I gradually understood the basic knowledge of the cryptocurrency circle, so I have been trading in Bitcoin and Ethereum since then. It didn't take long for me to feel that the spot price was rising and falling too slowly, and I didn't know when I would be able to get rich. So I started my 20X contract journey. With the help of the 20X contract, I lost 200,000 yuan.
During the contract process, I happened to catch up with the bull market that started in March and April 2019. In the early stage of the bull market, the floating profit was very considerable, so I was extremely inflated, feeling like picking up money (self-righteous), and posted my profit screenshots everywhere. As a result, in June, the big pie had a correction and was directly liquidated.
After the liquidation, my mentality was actually very inflated. After all, I made money just by playing around before, and I was full of confidence in myself, so I kept opening and closing positions; not to mention the profits and losses in the middle, I didn't react until all my bank cards had insufficient balances. In fact, in the process of doing contracts, I started with 100U, and the more I played, the bigger it was. At the beginning, I played 100U with 20X, and later I played 2000U-5000U directly with 100X. Many times, it took a long time for the number of orders I placed to be eaten up. But at that time, I didn’t understand the deep pressure level and resistance level, I just rushed in when I saw the opportunity!
3. After the contract loss, I was brainwashed into CX trading
I encountered the biggest setback in my life in the contract, but I also encountered the beginning of the second setback in my life at this time. Under the deception and enthusiastic reception of some people, I thought I entered the mining industry, but in fact I entered the CX disk! Bell Chain and EGT invested a total of 440,000 yuan. Bell ran away less than a month after entering, and EGT ran away three months after entering, and they didn’t have time to ship!
4. After the plate lost money, I went to do air coins again
After encountering setbacks in the CX disk, I was pulled by others to start the road of altcoin gambling! I bought countless air coins, and I made profits and losses, but because I didn’t have much money, the profit and loss were not big. It was also during this period that I began to have a real systematic understanding of the currency circle and the schools of the currency circle.
5. After the loss of air coins, Tugou appeared
While having a more systematic understanding of the currency circle, Tugou also opened the first year! There were thousands of times and tens of thousands of times of local dogs everywhere. At that time, I felt that SHIB was very popular, so I followed the community leaders and invested in the SHIB market. It was also SHIB that made me return a big blood. When SHIB kept listing on new exchanges, I chose to get off the train directly when the last wave listed on HUOBI. Because when I was playing the plate, I knew that once the popularity of any project reached an unprecedented level, it would definitely be close to collapse. Although it rose five times after listing on HUOBI, I think among many SHIB players, I was one of the very few who got off the train safely.
What is very interesting here is that for the first time in the currency circle, I resisted my greed and chose to get off the train! In fact, I was very entangled when I got off the train, because almost all the news in the currency circle was constantly CX. Under the unprecedented CX of the whole people, although I realized that the project party was very likely to run away, I still wanted to wait and wait, anyway, there was still profit. Thank you very much to a big man, who woke me up at the time, and he also told me: No one can get on the train at the bottom and jump off the train at the top, so just stop when you see the good.
In fact, many coin friends will experience the same journey as me in the coin circle, from ignorance at the beginning, to arrogance later, to reflection later, and finally to calm down and take it slowly.
People who entered the circle at the beginning came for getting rich quickly, and gradually realized in the process of losses and being tricked that any industry still needs to be taken step by step. Without absolute ability, it is impossible to get rich quickly.Some people may ask unconvincedly: What about luck?
I have also relied on luck to make astronomical figures, but luck will not always be with you. Today is lucky, but what if tomorrow is unlucky? The bull market is considered luck!
In the bull market of 20-21, my floating profit was up to eight figures at most, and finally retreated to six figures at the end of 21. The money earned by luck was almost all lost by strength. The more you think you are smart, the more you lose. There is never a shortage of smart people in the currency circle, but these are all self-righteous people.
In the currency circle, don't deceive yourself, deceive yourself, be as afraid of the market as possible, and rather make less or no profit, and try to make yourself lose as little as possible. Because every loss will have a certain blow to dignity and mentality. If you don't experience many fluctuations in profits and losses, it is easy to do extremely impulsive things.
Welcome everyone to consult me to learn about the currency circle experience, find me on the homepage information, and I will answer your questions for free in my spare time.
The currency circle is a place that requires patience, not a place where you can close your eyes and think about making millions of dollars with three thousand yuan.
The cryptocurrency world requires long-term dormancy, a lot of trading training, experience in judging news, and experience in judging market trends.
No one and no industry can easily make money without any effort and learning.
Don't immerse yourself in stories of getting rich overnight and imagine that you may be the hero. In fact, we are all passers-by in the hero's story.
