To be honest, I am tired of bragging. I didn't finish the last chapter, so I will finish this chapter as soon as possible. Later, I will analyze the market, talk more about my own orders, and recharge the faith of spot for my brothers who follow me.
To add to the last time, the process of me making 10 million in the cryptocurrency circle was not only selling point cards, but also a lot of miscellaneous projects. For example, if there were resources from the project party, voting for platform coins at that time, a single vote would make millions or even tens of millions of profits... At that time, it was twice a week... Xiaoru, who was selling point cards with me at the time, got the resources and made at least 20 to 30 million in less than two months. I also did it at that time, but I was more cautious and afraid that I would not get the money. If I didn’t get the money, I would not be able to pay the users, so I only looked for cooperation with people I knew, which resulted in lower profits. However, I could make a profit of 200,000 to 300,000 yuan each time, and the most I made was more than 500,000 yuan. At that time, the listing of coins was very frequent, basically twice a week.
Another thing I remember most vividly is that when Brother Ou had a problem and could not withdraw his coins, many people were afraid that they could not withdraw their coins when Brother Ou exchanged his U for an off-site U, and they sold their coins at a discount. I traded back and forth, and in less than a month, I made hundreds of thousands of dollars. Less than a month later, Brother Ou was released, and withdrawals were restored. However, it can be seen from that time that many people have the awareness of scalping. When the problem occurred, a large number of scalpers immediately emerged, perhaps because of the experience and lessons learned from the previous point card.
Anyway, I did so many things and made so much money, but at the end of 2018, I lost everything and was still in debt of 3 million. After the last straw that broke my back, I learned from my mistakes and summarized the projects that made me money in the past two years and the projects that made me lose money. Losing money is nothing more than speculating in coins. Whether it is spot or contract, I lose money because I have no experience and no knowledge. I have fallen to such a state, and I should admit that I am not good enough. At this time, if I want to turn over, what I must do is to cut off the projects that make me lose money, that is, speculating in coins. From then on, I completely quit speculating in coins. I didn't touch any coins until 2021, after the bull market, I made a lot of money. With the help of the bull market, in 2021, I not only paid off the 3 million debt, but also made 20 million. After making money, I started trading.
I cut off the money-losing projects, that is, cryptocurrency speculation, and I completely quit. Then I only worked on profitable projects. At that time, the platform had just launched nodes, also called partners, or KOLs. It happened that I took advantage of the connections I accumulated when I was selling point cards, and I quickly built up my business. God didn't let me go, and gave me another chance to turn things around. So I was one of the first batch of KOLs, starting from 2018, and it has been almost 6 years now. At the peak, I remember Binance made a ranking, and the trading volume of users under my name seemed to be ranked first in China. The overall global ranking is fifth. The 4 people above me are all foreigners...
In this way, time came to 21 years. In 20 years, I paid off my debts and used the money I earned to buy some ETH. I also borrowed 2 million from friends and bought some spot. Slowly, time came to 21 years. At this time, my spot has appreciated a lot, and the business has also made a lot of money. At this time, my assets are about 20 million. The spot I mainly bought is ETH. Although I started selling it at more than 400, I slowly sold it out before it was less than 1,000, but I couldn’t resist the low price I bought... In the end, plus some of my other spots, I made a lot of money. At this time, I started trading again.
Maybe it was because I had accumulated enough experience after two years. Or maybe it was because I had more capital and a better mentality to open a position. Or maybe it was because of the bull market. Anyway, when things go well for a person, everything goes well. From 2021 to mid-2022, I slowly made about 7-8 million through trading. Basically, I made back all the losses in 2018. . . I traded like this at that time. I took a break for a while, and one day I suddenly felt it, and then I topped up 100,000 or 200,000 dollars to trade. At the beginning, I felt good, and then I made money. I kept making money. Then maybe I traded more and felt bad about the market, so I started to lose money. After losing a few orders, I felt like I was still not good enough, so I withdrew all my money and decided to quit. . . . After I decided to quit, I might take a break for a few days, and then suddenly I felt a very good market, and I topped up money to do it, and then I made money, and then my confidence was restored, and I made money on a few orders in a row. I started to lose money, and I lost confidence again, so I withdrew my money again and decided to quit again. . . This went on over and over again. Every time I cashed out, I still had a profit. Sometimes it was tens of thousands of dollars, sometimes it was more than 100,000 dollars. I kept doing this. By the middle of 2022, I roughly calculated that I had made more than 1 million dollars. . .
At that time, my skills and mentality were very immature. It was not until the middle of 2022 that I experienced a big loss, which seemed to be about 3 million. At this time, I completely recognized myself. It turned out that I was still a leek, without the so-called absolute skills and mentality. Everyone is just taking advantage of the bull market. The bull market is good, the volatility is large, it is easy to do, and it is easier to make money. With a little mentality and some skills, you can make money. So I quit gambling again. It lasted about half a year... It was not until 2023 that I started to enter this market again...
In 23 years, the most profitable order was to open a long position with 23,000 and roll it to 30,000. The highest profit was 14 million, and finally the profit retreated to 10 million. I couldn’t help but close the position. After closing, I calculated that the profit was just over 1,000, which was 10.05 million... Then I got a little greedy and a little inflated. Everyone was optimistic about it going up to 35,000, and so was I... So 3 days later, I opened the position back, even heavier... As expected, the price dropped to around 27,000, and I lost 1 million dollars in one go... The profit retreated by more than 7 million... Equivalent to a profit of less than 3 million... In the previous article, I have attached pictures, you can take a look if you are interested...
Anyway, this year's trading has been full of losses and gains. A while ago, just last month, I suffered two or three big losses, basically losing more than 2 million per order, which wiped out all the profits of this year. . .
That’s about all my experiences… So now I know clearly that the basic spot is the key to cross the class, and the contract can only be a supplement. You can try it. Maybe when the bull market comes, you can make 100 million yuan with the contract, but I don’t force it. Anyway, there are still so many spots. If you think this way, you will have a better mentality for opening positions and it will be easier to make money…
Recently, I started trading again. I made a new trading strategy for myself. I must know how to be restrained and take a break. I controlled the frequency of opening orders. I made a few orders recently, which were not bad. I made a small profit of about $100,000. There are pictures in the first two pictures. If you are interested, go and have a look.
Well, that's basically it. I'll stop here, if you are interested, please follow me.
In the future, I will mainly focus on my own positions and recharging spot faith. Hold on to the spot and embrace the future! Without faith, you will never make big money in the circle and will always be just a harvested leek!
