There are indeed Bitcoin nouveau riche people around me, and I have witnessed the whole process with my own eyes.
In recent years, economic hot spots have changed very quickly, from big data, artificial intelligence, to Internet finance, etc., but the heat will soon pass, but the hot spots of blockchain and digital currency are becoming more and more popular.
He majored in finance and is very good in this field. Bitcoin, as a relatively new and rapidly developing thing, naturally also attracted his attention.
"I really like Bitcoin!" He often said this. Therefore, he has always been very concerned about the every move of blockchain and currency circles, and wanted to find a suitable time to participate in it. He felt that he had no right to speak without investigation.
He found that there are three levels of blockchain and digital currency. The first is to speculate in coins, the second is to issue coins, and the third is to do digital currency exchanges. As an ordinary person, he naturally gave priority to the first one, speculating in coins.
However, before speculating in coins, he did not enter the market without any preparation. He spent a lot of time studying every day.
So, when you want to invest, don't enter the market without any preparation. No matter what the matter is, you must have a grasp of it in order to control the direction of the whole event. He officially entered the digital currency investment market in 2017. Since January 2017, the digital currency market has begun to show signs of prosperity, so he entered the market in early April 2017. At that time, Bitcoin was about $1,000 per coin. He bought 30 Bitcoins and invested a small amount of money in Ethereum. The price of Ethereum was also very low at that time, only more than 40 US dollars.
As a result, the price soared all the way after the purchase. No one knew where the end was or when there would be a callback. However, he was determined not to ship out.
Then came the famous 9.4 incident. Within 30 minutes, the market price of the currency plummeted by 50%, and the power was amazing. Some tokens fell directly by 80%. With the repurchase of tokens, most retail investors suffered heavy losses, so they cut their losses and left the market. However, he only cleared 7 bitcoins and got his principal back.
He said: "In a crowded financial place, when countless smart people are together, the group will not complement each other but drag each other down.