(Part 2)
After that, around January 2020, the context of the Corona pandemic caused this market to gradually collapse, and my friend and I gradually lost faith in the market. The climax was on March 12, 2020, when both of us split our three accounts as BTC dropped 40% in one day.
From a long-holder mentality, it suddenly turned into a short-holder mentality without us even realizing it. I felt very frustrated, truly... After that, I jumped into futures with the hope of recovering... Fortunately, going long on BTC brought many profitable trades, and both Vô Danh and I accumulated BTC, holding quite a lot of Altcoins.
You need to understand that when €$BTC dropped to the bottom, anyone who kept buying coins and holding coins would win. Money was flowing, but the mistake my two friends and I made was chasing a short-term mindset, not closely analyzing the long-term chart. Seeing BTC rise sharply, we shorted a lot. If you look at the monthly chart, you will understand the confusion about how it has grown since 2020...
Then I still remember the period in May 2021 when $ETH reached a peak of 4300 and was on a downward trend to 2400 before rising to a new peak. Many short-holders, including me and Vô Danh, lost their accounts during this time. Our short portfolio mostly consisted of top coins like SOL, $LINK , ETH; Luna... Danh burned through all his accounts and quit, it's really a pity for a good friend. If only we hadn't been so greedy, if only we could go back to that day, if only we could play the game once more.
So, I gave up the market for a while. Luckily, the BTC I still held and the KCS exchange coin increased in value over time, so I still had capital to continue fighting. After taking a break, I got busy with work and returned to the market in mid-2023.
(Continued, I will write more if you are interested)
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