You only know that Li Xiaolai was once the richest man in Bitcoin, but can you imagine his miserable situation in 2011? At that time, he bought 2,100 Bitcoins at an average price of 6 US dollars each, hoping to make a fortune. As a result, the price fell below 1 US dollar in the end, and his assets shrank by 97% in an instant. Would you jump off the building if it were you? Most people can't bear it at all.
Speaking of Zhao Changpeng, everyone knows that he is on the Forbes rich list, but only he knows the pain behind it. In 2014, he made up his mind and sold his house in Shanghai, and invested all the money in Bitcoin, thinking that a bicycle would become a motorcycle. Who would have thought that the price of Bitcoin would plummet all the way, and he regretted it so much, and felt so helpless, like falling into an ice cave, crying out to the sky for help.
As a big boss of OTC trading, Zhao Dong also fell into a big fall. In 2013, he waved his hand and spent 1 million to buy 2,000 Bitcoins, and his assets suddenly exceeded 100 million. How glorious. But in 2014, the futures market screwed him over badly. He had three consecutive liquidations, lost a total of 1.5 billion yuan, and owed 60 million yuan in debt. He was almost driven crazy, but fortunately he survived in the end and waited for a turnaround.
Now many people have the same problem, they only focus on how much money they can make, and don't think about whether the price will rise or fall in the future. In the Bitcoin industry, the market is so extreme. When it falls, it's like falling into a bottomless pit. There is no end in sight. There is no bottom line. When it rises, it's like crazy, rising up and up, and it can't be stopped. If you can't stand the panic and fear of 1 million in your hand suddenly becoming 100,000, then don't think about when 1 million can become 1 billion. It's not so easy to get rich quickly. There are great risks and opportunities!
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