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13-year-old Leek’s currency circle memoirs: I once killed a billionaire
The first time I came into contact with Bitcoin was in 2011. A classmate of mine mysteriously told me that he saw something called Bitcoin on the Internet. You can get it by running a program on your computer, and then he ran away with his laptop. stand up. I calculated the mining efficiency at that time, laughed at him secretly in my heart, and didn't take it to heart. Two years have passed, and I keep seeing Bitcoin news on the news. When I look at the price, it’s more than 3,000 yuan! I broke my thigh, so I negotiated with another classmate and jointly bought 3 Bitcoins. As a new Leek, chasing the rise and killing the fall is the basic operation. Fortunately, I did not suffer much losses along the way. In 2014, I noticed Litecoin and learned about Litecoin-related information: the total issuance is 4 times that of Bitcoin, and the transaction efficiency is higher than Bitcoin... and there was widespread talk of "Bitcoin Gold Lite Silver" at that time. I I thought, maybe the price of Litecoin could become a quarter of that of Bitcoin in the future, so I exchanged the 3 Bitcoins in my hand for more than 100 Litecoins. Some time passed, and Litecoin fell to more than 30 amidst bad news again and again. I exchanged the Litecoin back for RMB amidst questions from my classmates and gave it all to him. When the time came in 2015, a client of my father’s business asked me many questions about Bitcoin. Because I majored in computer science, I often helped her solve computer problems, so she trusted me more. She held 1,000 Bitcoins in her hand at the time, but with the constant bad news, she didn't know what to do. So I patiently explained to her the principles of blockchain and what a 50% attack is, and gave her a conclusion: if you are not optimistic about Bitcoin, it will return to zero sooner or later! It is best to sell all 1,000 Bitcoins. I also taught her how to borrow coins on OK to go short. At that time, she said to me very gratefully: "It turns out that you can still make money in this way." Three years later, Bitcoin once again became a hot search topic. My classmate looked at the price of Bitcoin and said to me with a smile: " You succeeded in killing a billionaire." But my dad's client didn't blame me, saying that even if he didn't sell it at the time, he still couldn't hold it. Then she heard about Ethereum from a friend and wanted me to research it.I was already disillusioned with the currency circle at that time, and just told her that Ethereum was an imitator of Bitcoin and had no value like Litecoin... It was already August 2021 when I paid attention to the currency circle again. My classmate told me that at that time, I insisted on Another classmate of Bitcoin had already made money and took him to mine Ethereum and asked me if I was interested. I hesitated... After another two months, I read the Ethereum white paper carefully, and got on the bus in October 2021. At this time, the price of Ethereum was 3000U. And when the price of Ethereum reached 4800U, I thought it would rise again... What happened next, as everyone expected, I was trapped. However, this time I have a zeroing mentality: as long as I don’t sell it, you can’t even think of cutting my leeks. So, I have been holding Ethereum and persisting until today... insist on holding or unwinding and exiting? I faced another choice...$BTC $ETH
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Which is easier to lose money in, a bull market or a bear market?
I got involved with Bitcoin in 2011 and have experienced three rounds of bull and bear markets. I’ve summarized a few points of experience that I hope will help you if you are new to the crypto world:
Bull markets are more likely to lose money: Even seasoned traders find it hard to control their human nature. Chasing prices may not necessarily result in losing USDT, but it will definitely result in losing coins. The way to minimize losses in a bull market is to reduce trading activities. In the bull market of 2013, almost everyone in the tech industry had some Bitcoin, but what about now?
Bear markets are easier to make money: When your digital currency drops to a certain level, further declines no longer make you feel uncomfortable. Bear markets are full of opportunities, and it’s easy to accumulate digital currencies. Between 2022 and 2023, Ethereum priced below 200 was always available for purchase.
Bull markets are more likely to lose money: Even seasoned traders find it hard to control their human nature. Chasing prices may not necessarily result in losing USDT, but it will definitely result in losing coins. The way to minimize losses in a bull market is to reduce trading activities. In the bull market of 2013, almost everyone in the tech industry had some Bitcoin, but what about now?
Bear markets are easier to make money: When your digital currency drops to a certain level, further declines no longer make you feel uncomfortable. Bear markets are full of opportunities, and it’s easy to accumulate digital currencies. Between 2022 and 2023, Ethereum priced below 200 was always available for purchase.
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$ETH The Sleeping Giant Whale is the biggest gray rhino in this bull market
Every time Ethereum is about to take off, there is always a sleeping giant whale coming out to sell, sell, sell, and their cost is unimaginably low. So how many of these giant whales are there? One reason Bitcoin can keep rising is that a large number of addresses have lost their keys, and the circulation is far below the total supply.
There is no denying Ethereum's contribution to blockchain, but the selling pressure is too great... If you heavily invest in Ethereum, you might miss the entire bull market.
Every time Ethereum is about to take off, there is always a sleeping giant whale coming out to sell, sell, sell, and their cost is unimaginably low. So how many of these giant whales are there? One reason Bitcoin can keep rising is that a large number of addresses have lost their keys, and the circulation is far below the total supply.
There is no denying Ethereum's contribution to blockchain, but the selling pressure is too great... If you heavily invest in Ethereum, you might miss the entire bull market.
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$ETH $LTC Ten years ago, I exchanged all 3 bitcoins in my hands for litecoin; three years ago, I bet on Ethereum when it was at 3000U. I uninstalled the exchange, worked diligently, and lived seriously. When I returned, I found that Ethereum was still at 3000U. 😭 At that time, the exchange rate of Ethereum to Bitcoin was 0.07, and now the exchange rate of Ethereum to Bitcoin is 0.03.
I have been in the cryptocurrency world for over a decade and have never made a profit... The SOL I sold took off, the SATS I bought are close to zero, and the small coin projects I invested in have run away. I am not a short-term speculator, but a long-term believer in blockchain. If this is a curse, I have decided to hold onto Ethereum forever, even if we ultimately face destruction together.
I have been in the cryptocurrency world for over a decade and have never made a profit... The SOL I sold took off, the SATS I bought are close to zero, and the small coin projects I invested in have run away. I am not a short-term speculator, but a long-term believer in blockchain. If this is a curse, I have decided to hold onto Ethereum forever, even if we ultimately face destruction together.
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Bitcoin should no longer have a bear market, at least not a drop of 75% like last time from $69000 to $19000. $BTC $ETH
Bitcoin should no longer have a bear market, at least not a drop of 75% like last time from $69000 to $19000. $BTC $ETH
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Will Ethereum surpass Bitcoin?
In terms of growth, Ethereum is clearly lagging behind Bitcoin in 2024. Since 2016, this is the third time the ETH/BTC relative trend line has shown a downward trend.
Bitcoin has reached the $70,000 mark multiple times, but the price of Ethereum has dropped each time. When Bitcoin first reached $70,000, the trading price of Ethereum was $4,000. When Bitcoin reached $70,000 for the second time, Ethereum had dropped to $3,700. When Bitcoin reached $70,000 for the third time, Ethereum had dropped to $3,300. When Bitcoin reached $70,000 for the fourth time, Ethereum further declined to $2,600.
Bitcoin has reached the $70,000 mark multiple times, but the price of Ethereum has dropped each time. When Bitcoin first reached $70,000, the trading price of Ethereum was $4,000. When Bitcoin reached $70,000 for the second time, Ethereum had dropped to $3,700. When Bitcoin reached $70,000 for the third time, Ethereum had dropped to $3,300. When Bitcoin reached $70,000 for the fourth time, Ethereum further declined to $2,600.
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$ETH Seeing those people borrowing and playing with coins or using leverage in the square, I feel angry and funny. 🤣 Then think about how simple my purpose of buying ETH was: to use 32 ETH to witness a POS experiment.
Please let Bitcoin and Ethereum go! Cryptocurrency is just a safe-haven asset (only BTC and ETH), not for getting rich quickly.
Please let Bitcoin and Ethereum go! Cryptocurrency is just a safe-haven asset (only BTC and ETH), not for getting rich quickly.
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$ETH After hitting the right point at 3900 last month, I bought the bottom at 3090 again, and then cleared 70% of my position at 3490. Because of the continuous correct judgment, I was a little swollen. I couldn't restrain my greed this morning and filled my position with ETH😢
On the other hand, I also looked at the data of ETFs in the past two days and firmly believed that it would rise. However, the drop this morning really surprised me...
Fortunately, I took the spot. I have adjusted my mentality and am determined to return to zero. I will never sell at a loss and destroy with ETH!
On the other hand, I also looked at the data of ETFs in the past two days and firmly believed that it would rise. However, the drop this morning really surprised me...
Fortunately, I took the spot. I have adjusted my mentality and am determined to return to zero. I will never sell at a loss and destroy with ETH!
$ETH $SOL 3 months ago, when ETH was less than 3200 and SOL was 174, I exchanged SOL for ETH. Then, when ETH reached 3900, I cleared 60% of my positions. Can ETH and SOL break their previous highs? My opinion is that this year may not be the case. BNB breaking its previous high is unexpected, but reasonable, because it is light and easy to pull up.
My ETH cost is less than 2000, so the 40% position I left is considered profit. Many people predict that ETH will break 5000 this year, but my experience as a leek in the past 13 years always reminds me that people should not be too greedy. Only by maintaining a good attitude can we go through the bull and bear markets.
My ETH cost is less than 2000, so the 40% position I left is considered profit. Many people predict that ETH will break 5000 this year, but my experience as a leek in the past 13 years always reminds me that people should not be too greedy. Only by maintaining a good attitude can we go through the bull and bear markets.
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$ETH $SOL 3 months ago, when ETH was less than 3200 and SOL was 174, I exchanged SOL for ETH. Then, when ETH reached 3900, I cleared 60% of my positions. Can ETH and SOL break their previous highs? My opinion is that this year may not be the case. BNB breaking its previous high is unexpected, but reasonable, because it is light and easy to pull up.
My ETH cost is less than 2000, so the 40% position I left is considered profit. Many people predict that ETH will break 5000 this year, but my experience as a leek in the past 13 years always reminds me that people should not be too greedy. Only by maintaining a good attitude can we go through the bull and bear markets.
My ETH cost is less than 2000, so the 40% position I left is considered profit. Many people predict that ETH will break 5000 this year, but my experience as a leek in the past 13 years always reminds me that people should not be too greedy. Only by maintaining a good attitude can we go through the bull and bear markets.
$SOL $ETH I changed all SOL to ETH this morning. I don’t know if I did the right thing. Having been a currency trader for 13 years, although I still don’t have a keen sense of the top, I still have my own thoughts on when the bottom is and when it’s time to change positions. The fomo sentiments of BOME and SLERF have been digested a while ago, and it’s time for SOL to lower its exchange rates for the big and small pie...
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$1000SATS Every time I see this kind of avatar scolding SATS, I feel an inexplicable sense of humor 😂 The more they praised before, the more they scold now
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$ETH With the development of Ethereum inscriptions, phenomenal inscriptions like ORDI and SATS will also appear on the Ethereum mainnet. Because the casting of inscriptions requires burning gas and is simple to operate, with the hype of eths, more people will inevitably flock to participate in mint.
I am not suggesting buying eths, but I encourage everyone to pay attention to the technical implementation of ethscriptions, like an experiment, and participate in the casting of new inscriptions.
I am not suggesting buying eths, but I encourage everyone to pay attention to the technical implementation of ethscriptions, like an experiment, and participate in the casting of new inscriptions.
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$1000SATS Thanks to the big brother who got 0.00054 last night, it helped me get out of the trap🌹
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$SOL $ETH I changed all SOL to ETH this morning. I don’t know if I did the right thing. Having been a currency trader for 13 years, although I still don’t have a keen sense of the top, I still have my own thoughts on when the bottom is and when it’s time to change positions. The fomo sentiments of BOME and SLERF have been digested a while ago, and it’s time for SOL to lower its exchange rates for the big and small pie...
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Everything will pass, only those who keep money will be eternal
The bad news is coming, I will keep the money from now on until death.
I will not flip coins, cash out, or go short.
I will not look at the price, whether it goes up or down.
I will hold the coin loyally and will not throw it away whether I live or die.
I am a believer in the blockchain, the flame that resists the slump, the light during the surge, the horn that awakens the leek, and the strong shield that protects the currency.
I dedicate my life and glory to the coin keepers, tonight and every night!
I will not flip coins, cash out, or go short.
I will not look at the price, whether it goes up or down.
I will hold the coin loyally and will not throw it away whether I live or die.
I am a believer in the blockchain, the flame that resists the slump, the light during the surge, the horn that awakens the leek, and the strong shield that protects the currency.
I dedicate my life and glory to the coin keepers, tonight and every night!