There is a very foolish way to trade cryptocurrencies, starting with 200,000 and earning 20 million
Let me talk about myself. In 2017, I caught the big bull market, and I made my first 10 million right away. After that, I got carried away and lost all my earnings. After a few years of recovery, I started trading cryptocurrencies after quitting my job.
Based on my own experience, I will divide it into four stages along the timeline.
First Stage (2016-2017). Ignorance is bliss; I earned money to the point of losing my mind. I entered the cryptocurrency circle in 2016 (started getting involved in 2013), catching the big bull market in 2017. With a capital of 100,000, I reached over 10 million at the peak. Two coins left a deep impression on me: one is GXS (Public Trust), where I participated in a private placement of 2 BTC when BTC was at 6,000 each, and it opened at 3 million. The other is Antshares (later renamed NEO), where I bought 10,000 coins at 1 each, which later soared to over 1,000, meaning a single coin surpassed 10 million. Then I got carried away and thought I could do anything. At that time, I thought, why not set a small goal and earn 100 million, and then I would stop. And then... it turned into a story of "a person with a mind full of desires who thinks they are invincible, only to be thoroughly taught a lesson by the market."
Second Stage (2018-2019). Reflecting on myself, I realized it was just because the market was too good and I was lucky, standing perfectly in line with the trend. To put it bluntly, I was just a pig on the wind of opportunity, and taking off was inevitable. The second lesson was about controlling funds. Small funds have their own way of playing, while large funds have their own way too. You cannot use a small fund's mindset to play with large funds, or it will end badly. After understanding this, I collected my thoughts and reallocated my chips, clearing out most of the altcoins and replacing them with BTC, ETH, and USDT.
Third Stage (2020-2021). Reasonable allocation and timely profit-taking. After going through a complete bull and bear cycle, my mindset became much more balanced. Moreover, since the cryptocurrency market entered another rising cycle, my assets began to appreciate continuously.
Fourth Stage (2022-?). Cultivating inner strength and believing in the future. I have unwavering faith in the future of the cryptocurrency market; surpassing previous highs is inevitable. All we need to do now is one thing: do not exit the market and hold onto quality assets. In the future, we will certainly reap great rewards.
