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If you have no luck, no noble people, and are not particularly smart, it usually takes three cycles to make a fortune in the cryptocurrency world.

First cycle

You are usually attracted by the news of people around you getting rich or the news on the Internet. If you are a conservative person, you may be more cautious and try to buy a small amount. If you are a risk-averse person, you may invest a large amount of money or even borrow money to go all in.

At this time, the market is basically rising every day. You are full of ambition and turn a blind eye to risks. You only think that the future is bright and the world is filled with the smell of money. You know nothing about market terms such as wash trading, running away, and plummeting, and you have no idea of ​​the cruelty of the market.

My heart is filled with desire for wealth. I think if I had known I could make so much money, I should have sold my car and house earlier and stopped working.

You are in a state of extreme excitement every day and lose interest in other things. You lack patience and only focus on price fluctuations.

However, the bear market comes soon, and the market falls at a rate of 10%-30% per day, but you still firmly believe that it will rebound. In the end, you may lose all your capital.

Second cycle

After the baptism of the first cycle, those who still choose to stay in the cryptocurrency circle are usually persistent and have a strong desire for wealth.

They have experienced the peaks of bull markets, the troughs of bear markets, and the fluctuations during sideways periods.

During periods of sideways and downward movement, their patience was completely exhausted.

They asked around for information, and mostly heard stories about other people getting rich quickly. They began to fantasize about trading using the disconnected wave thinking approach.

Although they are sure the bull market will come, they don't know when it will come.

They tried to make adjustments, but most of the funds were exhausted before the bull market.

When the bull market finally started, they found that they had lost most of their funds.

Despite this, they decided to buy, thinking that this was a real bull market.

They started buying and soon made profits many times over.

The market is improving and there is encouraging news, everything is encouraging them to continue holding.

Every time they want to sell, there is a voice in their heart telling them to wait a little longer and not rush out.

They are determined not to sell, hoping to earn financial freedom.

However, the bull market eventually ended abruptly, and despite their reluctance, they decided not to sell, firmly believing that the coins they held would have value and preparing for the next cycle.

The third cycle

When the third cycle comes, you have experienced another round of bear market. Most of your previously invested assets have been lost, leaving only Bitcoin and Ethereum.

However, you still stick to the cryptocurrency world. You are determined to make money in the cryptocurrency world in your lifetime.

Not only do you learn how to select projects and how to analyze the market, you also learn to identify real hot spots, discern fake news, and realize how to seize opportunities amid market noise.

At the bottom of the bear market, you learned how to trade, how to do arbitrage, and various on-chain operations.

All of this is the experience you have gained through hard work and sweat, turning the experience of the past cycle and a half into valuable experience.

This time, you have a deep understanding of what NFT is, what Layer 2 is, and what gamified finance is.

You understand that the cryptocurrency world is more about narrative than value, and the ups and downs of the market are entirely dependent on emotions.

Emotions influence the market, and the market influences people's emotions. You fully understand that all this is the result of the interweaving of greed and fear.

At this point, you are able to transcend personal emotions, observe the market from a third-party perspective, and make rational buying and selling decisions.

After the bull market ends, you find that you have succeeded. The whole process from zero to considerable wealth took you 9 years.

In the cryptocurrency world, you understand the true meaning of making money. Those with capital need to hold a large amount of digital assets, make good allocations, and seize new investment opportunities. For holders of small amounts of capital, they can accumulate capital through various airdrops and labor income, focus on seizing new investment opportunities, and adjust to hold a large amount of mainstream digital assets during the bear market.

At this moment, you finally understand that your money has truly become your wealth.

When you see the number in your account reaches eight digits, you can't help but feel a lot of emotion, and secretly sigh in your heart: If I had a mentor in the cryptocurrency circle to guide me back then, perhaps I could have avoided a lot of detours, and perhaps I would have reached nine digits by now.

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