Up to now, market enthusiasm has been rising. Today we will seriously think about a question: "If you have 500,000, can you make 2 million in this bull market?"
If it were just a simple math problem, it would be too easy. You could just go all in on the few junk coins that have skyrocketed recently and exceed your target.
But in reality it is not that easy. Let’s talk about it in detail:
500,000 to 2 million, this income can only be said to be lower-middle during a bull-bear transition in the cryptocurrency circle.
For example, Bitcoin stayed at 15,000 for several months last year. If you had successfully bought the bottom, you would have made a profit of 1.2 million now.
The most important thing is that this investment does not involve any risk. As long as the cryptocurrency world exists, Bitcoin will always be the god.
But the key question is, do you dare to buy at 15,000? At that time, the blogger repeatedly told everyone to buy at the bottom in his articles and answers, but few people took action. Many people were waiting for 8,000, because a large number of people were spreading negative news, believing that Bitcoin was about to fall to 8,000 US dollars, or even directly to zero.
People are always afraid of the unknown, especially in the cryptocurrency world. The best point is often when everyone is most afraid, so you will almost certainly miss this best position.
So even if you entered the market last year, your position with 500,000 would only be around 50,000 to 100,000 yuan at most. So at most, your profit now is only 200,000 yuan. This also requires you to hold it for a long time and not lose these positions during the ups and downs.
For newbies entering the cryptocurrency world, the first thing you should do is not to lose money, rather than thinking about getting rich. The more anxious you are to make money, the more money you will lose.
Only when you have been in the circle long enough and have a peaceful mentality, can you really make money.
When you have experienced enough, you will be able to laugh at the ups and downs. As long as you are sure of the value of several top currencies such as Bitcoin, your life in the cryptocurrency circle will be calm.
The market has been very good in the past few days. Many investors dare not sleep and have been staring at the market. Especially when they saw someone in the group saying that their investment in **coin increased sixfold, they suddenly felt bad and felt that they had missed out on tens of billions.
Call each other frantically, hoping to find some wealth code from the other party that you can just copy and paste.
Maybe you don't know, he may be showing off, he may have only used a few hundred U to do the contract, so what if it has increased by 6 times? It's still just a drop in the bucket.
Maybe you don’t know that he just made up a wealth story in order to gain everyone’s recognition.
I once met a coin circle bullshitter. Wherever he was, he would be the focus, because he was so good at boasting. He would tell everyone he met that he had invested in a certain coin, which had increased tenfold. He had invested in almost all the recently skyrocketing local dog and garbage coins.
As a result, we had a meal together, and when it was time to pay, his eyes started rolling around and he squatted down to tie his shoelaces. . .
When he brags while eating, the entire Asian financial circle has to obey his orders.
There are many such people in reality, and there are also many in the cryptocurrency circle. Especially in this circle, we never meet each other, and bragging does not cost anything, so there are especially many such people.
Because no one verifies the authenticity, as long as someone believes it, his goal is achieved. He gains traffic and attention, and then he starts to fool people with some correct nonsense, and slowly turns himself into a big V in the cryptocurrency circle.
This is the cruelty of the cryptocurrency world. If you want to know whether a blogger really has some experience and level, you have to look at what he has accumulated, such as going to his Zhihu and WeChat public accounts to see if he is updating his original works with heart.
If it's just empty talk, it would be hard for him to keep updating. Regardless of the quality of the daily updates, it would be almost impossible for anyone to stick to it.
2，
If you really want to make money in the cryptocurrency world, as a newbie there are several ways. Each method is a good choice. The difference is that the higher and faster the return, the higher the risk.
First, long-term holding HODL. I have already told you about this method in the above article. This is the method that the blogger is practicing and recommending to everyone. However, it is obviously difficult to do for newbies who have just entered the market, because I come in to get rich quickly. If you recommend Bitcoin to me, but it doesn’t rise or fall for several months, what’s the point of me coming in?
So they will most likely choose several other investment methods.
Second, investment contracts and perpetual contracts are unique to the cryptocurrency industry, and the huge get-rich-quick effect has made many people addicted. The magnification effect of dozens or even hundreds of times makes many people crazy. As long as you do it right once, your life will be prosperous.
But the results are often cruel, because it is difficult for newcomers to control the risks involved, and with the dealer inserting needles back and forth behind the scenes, the higher the multiplier, the easier it is to get liquidated.
Third, invest in local dogs or first-level new stocks. The earliest representative of local dogs was actually Dogecoin, but as more people paid attention to it, it has now become a mainstream currency. Later, shib and pepe are both representatives of local dogs. They are ten thousand-fold coins that have emerged from the thousands of local dogs that have returned to zero.
I remember during the last bull market, a newbie who had just entered the market asked an old investor: "What coins did you invest in?"
The old leek said: "I saved some spicy strips"
New leeks: "What kind of junk coin is this? I've never heard of it. Why don't you invest in mainstream coin Shib?"
Old Leek:......
As for the first level, it was very crazy during the last bull market, especially when the first level projects with some value such as near and fil appeared, those who participated in the new issuance early made a lot of money because it led to the madness of a series of subsequent first level projects.
However, in the bear market, all these projects were wiped out, the project owners ran away, the middlemen ran away, the communities closed down, and the investors lost all their money...
So, if you want to make money in the cryptocurrency world, especially the goal of quadrupling your money, it seems very simple, but it is actually very difficult to do.
After all, the correct investment method is definitely not to go all in. You may leave half of your position to deal with risks, which means you need the market to increase eightfold.
Are you sure you can do it?
