We have selected 10 stories to tell the life stories in the cryptocurrency world. As the saying goes: all dealers are the same, but each "leek" has his or her own experience.
1. Buy low and sell high like stocks
I am a full-time stock investor. By chance, I was invited to open a micro-fund on a micro-fund platform. At that time, the platform happened to have launched two copycat coins and launched a trading platform in December. At the beginning, I always regarded digital currency as something of gambling and was very resistant to it. Later, I saw that the two coins soared several times shortly after they were launched. Finally, I couldn't resist the greed of human nature and spent 5K to take over at a high price. Then there was no more, until now it is almost cleared.
From then on, I began to formally get in touch with digital currency, joined various groups to communicate with coin friends, and finally realized that currency speculation also requires routines. It is not possible to make money by simply grabbing a copycat coin or buying a virtual coin. So I began to move around major trading platforms and studied various coins I came into contact with along the way. Finally, I decided to be optimistic about the chat coin, so I started to build a position and buy it on the morning of January 31. That night, the chat coin happened to be listed on Binance, and it more than doubled in one day. However, I did not sell it in the end. It was mainly based on long-term optimism that I kept holding it, thinking that there would be greater returns. This experience also made me deeply realize that even if you are very optimistic about a coin, you have to do high selling and low buying like stocks in the long-term holding process, so as not to miss out on periodic returns.
Everyone who speculates in cryptocurrencies should study whether it is worth holding for a long time and whether it has practical application value, just like doing real business. You should not just buy air coins or copycat coins casually, otherwise you will become a small leek.
2. Keeping the coins is keeping the wealth
Time flies, and I have been in the cryptocurrency circle for more than 9 months. As we all know, one day in the cryptocurrency circle is like one year in the human world. Thinking about this period of time, too many things have happened, and only I can experience the ups and downs. Fear is the first door for the young leeks who have just entered the cryptocurrency circle. They are reluctant to sleep 24 hours a day. What should they do if they don’t sleep? Watch the market! Study the news, but ignore the blockchain technology itself, which makes me physically and mentally exhausted and a little unbalanced. At that time, chasing ups and downs, buying high and selling low were common things. I didn’t dare to keep the coins I bought overnight, for fear that they would fall into a dog after one night. With the help of brothers in the cryptocurrency circle, I jumped out of the vicious circle of chasing ups and downs, trained my eyes to avoid air coins, find value depressions, and make real value investments. With a goal and direction, my heart calmed down and I was no longer afraid. Now I occasionally open the IM wallet and watch the fluctuations of hundreds or even thousands of dollars in one second, and there is no more waves in my heart. Because I believe that blockchain is the future and digital currency is the future. Keeping the coins is keeping wealth. We should study blockchain technology as seriously as we did when we were studying, and hold the currency like a monk. Only in this way can we maintain our mentality in the ups and downs and win in stability.
3. Follow your dreams and live up to your youth
I remember that period in August and September last year, a similar phenomenon occurred in every virtual currency exchange group I touched: people in the group began to share their own ten-fold or hundred-fold coins; group members began to divide themselves into schools, including basic flow, trend flow, and technical school; they began to refute and ridicule each other, and the key to determining victory or defeat was not to argue but to see who had the greater asset appreciation in the currency market. Those who lost money in that wave feast were called fools, and there were even comments that those who could not ride a 10-fold coin in the bull market should not stay in the currency circle. In that feast, it seemed that no matter who could jump out and talk about the future of Bitcoin blockchain as a "real boss" in the currency circle.
I have known about Bitcoin since 2015, and later I have learned about the development of blockchain technology intermittently. Although I am optimistic about blockchain, I could only stay away from it due to the negative news about the cryptocurrency circle. It was not until last year that I finally decided to make a move. (The reason is that I heard that a friend bought a house for himself in just two or three months with 30,000 yuan.) Like many other friends who entered the cryptocurrency circle at that time, I had the "American Dream" of the altcoin version and hoped to make a name for myself in the cryptocurrency circle.
I won’t say much about my growth, learning and various ups and downs when I first entered the circle. It was a typical replica of a leek. It is worth mentioning that in the feast mentioned above, a cottage coin that I had a heavy position in at the time doubled by nearly 20 times! I instantly became a "big brother" in the group. Some people envy, some people admire, and some people shout that the big brother will guide me. I was not vague either, and began to perform fake technical analysis and share "value coins". No one asked me how I found and ambushed the cottage coin that increased my asset value by nearly 20 times, and what I was sure that it would increase in value. In fact, I couldn't answer it even if I was asked. I bought this cottage coin just because my brain was hot and I believed the sentence "It's all in, if you win, you will get a young model in the club, and if you lose, you will go to work in the sea". To put it bluntly, this money was earned by me in a muddle.
I participated in this feast, thinking that I was the one holding the cutlery, but I didn't expect to become the food on someone else's plate. The reason was that the money I earned had paralyzed my brain.
This feast reached its climax and ended in November. Then came the Bitcoin Emperor Falls. Altcoins were cut in half across the board, and the market was in a panic. At that time, my profits were also lost by more than half. Bitcoin was hovering between 12,000 and 13,000. I thought it was an opportunity. I hurriedly bought the bottom that night and expected Bitcoin to rebound the next day. But this was just the beginning of the fall. When I got up the next day and turned on my computer, I saw a dazzling red column. I was really panicked and disappeared from the group. Seeing that all the profits were lost, the gambler mentality in my heart began to prevail. I gradually concentrated other assets in the currency market to an exchange and leveraged BTC. Although leverage magnified my appreciation space, it also brought high risks. My pressure and panic continued to rise. Because I had no experience and could not see the overall trend, I lost all my chips in various reverse operations in short-term fluctuations. I was like a gambler with bad luck, putting all my hopes on the last bet, and my bet was to short BTC. I suggested to myself to look at the market again one day later. The story that followed was that after a series of sharp declines, Bitcoin rebounded slightly, but it was enough to bring my short position close to the liquidation point. I finally realized that I was just an ordinary small leeks, and I took the initiative to close my position and no longer paid attention to the competition between long and short positions. Even if I had endured for two more days, this short position could have made me earn back the principal and a lot of profit. I remembered the saying: If you miss it, you miss it. Even if you get it by luck, you will lose it in another way one day.
I hope that all the friends in the cryptocurrency circle who are struggling on the front line will take their dreams as their horses and live up to their youth.
4. Do not be happy with things, nor be sad with yourself
In October 2017, when I set up my first mining machine to mine, I officially entered the cryptocurrency world. "One day in the cryptocurrency world is like one year in the real world" is not an exaggeration. After entering the cryptocurrency world, except for eating and sleeping time, I spent the rest of the day paying attention to the prices of various coins, looking at the trends, and calculating profits and losses. Although I have not experienced the 94 incident, I have experienced the process of Bitcoin from nearly 20,000 US dollars to 6,000 US dollars. From the time I entered the cryptocurrency world to now, my main coin BCD has fallen from 160 yuan to less than 40 yuan. Because of my lack of experience, my mentality exploded, and only I know the hardships. But to be honest, with the increase of my knowledge reserves and the adjustment of my mentality, I have also grown from a "little leek" to a "little leek". There is still a long way to go in the future, but I don't regret entering the cryptocurrency world. I sincerely warn the leeks who are about to enter the cryptocurrency world: the cryptocurrency world is not as simple as you think, so before entering the circle, learn blockchain and other knowledge well, and then come to fight when you have a certain amount of knowledge reserves. "Don't be happy with things, don't be sad with yourself" can be at ease in the currency circle. Finally, I wish all currency friends a happy new year, make a lot of money, and have good health!
5. Be an old leek who refuses to sell no matter what
It was 2014, and the Chinese New Year was approaching. The construction site hired an emergency repairman to be responsible for the site maintenance, and then Litecoin was introduced into my world. The novice entered the circle and was eager for quick success and learned from others to play with leverage. On July 9, 2015, the currency (crematorium) was perfectly liquidated and died in the cradle. Then, experiencing despair, I entered the stock market with a meager amount of funds. After a year of ups and downs, I was able to have a complete account balance without loss or profit. Maybe I felt it was boring, so I mustered up the courage to enter again in the summer of 2016. Due to my short-sightedness, poor mentality, limited funds and inadequate ideas, I missed out on Litecoin at 11 yuan, ETH at 70 yuan, sold 23 million SC at 0.00175 (the highest price was 2.8 Hong Kong dollars on a certain website), and sold 50,000 Ven at 0.3 (the highest price was 51 RMB in January 2018). Due to my bad luck and short-sightedness, I am now an old investor who would not sell even if the price fell to death. The currency market is hot, I am waiting for you, don't be late!! If God gives me another chance, I am willing to hold it, return my tokens, and not sell them
6. Uh… don’t be a leek
As the saying goes, "One day in the cryptocurrency world is like one year in the real world." Speculating in cryptocurrencies is like experiencing three cycles of the financial crisis every ten years. I personally feel that cryptocurrency speculation is similar to stock speculation, but the stock market booms and busts in cryptocurrency speculation are not as frequent as BTC. I came into contact with the cryptocurrency circle in 2015. I bought 20 ETH and didn't hold on to it. I sold it at 16 ETH. I bought 50 LTC and didn't keep it either... Every coin was like this. I lost a lot of money, probably one million. The most I experienced from cryptocurrency speculation is that I am very distressed. I used to be well-off, but now I am heavily in debt. The most I lost was 180,000. The day before, I had 210,000, but I only had 7,000 left when I woke up! So I advise everyone not to speculate in cryptocurrencies, don't try to take shortcuts, and grab and hold one or two stable coins, such as AE or EOS. Now I am slowly making back my investment. If I hold EOS for a long time, I will be financially free with 10,000 by the end of the year.
7. Avoid the detours we took over the years
It has been more than three months since I entered the cryptocurrency circle. Looking back, I feel like I have been in a different world. One day in the cryptocurrency circle is like one year in the stock market. It is not an exaggeration. In this new financial world, the only thing that can limit people is imagination. The market is open 24/7. You need to be strong and your nerves are tense all day long, because the slightest disturbance can make everyone in the cryptocurrency circle experience the feeling of riding a roller coaster. Whether it is the bloody river when the seven ministries and commissions jointly issued a stranglehold on September 4, or the unstoppable upward trend after the closing of the 11th National Congress, the cryptocurrency circle has soared. Until now, due to various rumors around the world, Bitcoin has fallen below RMB 45,000, which has made me a veteran driver. My mentality and tolerance are far from the past.
The process of speculating in cryptocurrencies is the process of collecting all kinds of information. If you don't know the coins you need to buy, you may lose all your money if you act rashly, just like I bought a Bitcoin fork coin BCX some time ago. I didn't understand it when I bought it, and I thought buying coins was just like doing business, buying low and selling high, and there would always be a period of increase. As a result, I am still losing money now. At that time, I lost money because I didn't understand the issuance volume, price ratio, and the serious lack of information.
Not to mention watching any financial news about the cryptocurrency circle. Recently, many people who don’t understand the market and information are panicking again. If you read the news earlier, you shouldn’t be surprised by this drop. If you don’t know: you can pay attention to the news of Mars Finance on February 6th and you will understand. Cryptocurrency speculation is simply a matter of mentality and information. The better the mentality and the more information, the more money you can make. All the crypto traders will see an increase in everything they buy.
8. Carefully observe and operate carefully, chase the rise and fall, and stay widowed
My entry into the cryptocurrency world was an accident. I knew about Bitcoin a long time ago. I watched the crazy rise of Bitcoin in 2017. Although I was envious, I had no intention of entering the cryptocurrency world. Until a boss of a fund on the verge of collapse appeared, he shamelessly told us investors that as long as we followed him to buy UBTC on the ZB platform, we could achieve a 30-fold return on investment before the Chinese New Year. Now I think I was so naive at the time. Maybe it was because I was eager to get my money back. I invested 20,000 yuan in it... Just like that, I entered the cryptocurrency world. In more than a month after entering the cryptocurrency world, I learned what air coins and ICOs are, and I also learned a lot about virtual currencies through communication platforms, but this did not change the nature of me, a fresh leek. During this period, through careful observation, meticulous operation, chasing ups and downs... plus several recent major negatives, I successfully turned the 20,000 yuan in my account into 15,000 yuan. Thinking about it, I was in tears... I think I should understand the meaning of the phrase "keeping coins is like being widowed". But even so, I am not discouraged. The cryptocurrency world has opened a new door for me... It has allowed me to see a different world. I will stick to it! I believe that as long as I work hard, I will definitely reap the rewards one day!
9. Strong will
In today's world, many people have made a fortune through the wild growth of the cryptocurrency circle in the early stage. I entered the cryptocurrency circle in such an environment. One day in August 2017, I couldn't help but enter the cryptocurrency circle and became a new leek. At the beginning, it was okay. I did make money after buying it, and the increase was not small. I slowly increased my investment. I dreamed every day that the day of achieving personal financial freedom was not far away. But reality gave me a big slap in the face. One day in September 2017, everyone was crazy about tossing coins. Watching my money decrease, I sold all the coins in my hands, and I was cut like a leek. The most regrettable thing is that after just over a month, the spring of the cryptocurrency circle is back. I can only sigh that once you enter the cryptocurrency circle, it is as deep as the sea. I can only blame myself for not being firm in my will.
10. Cryptocurrency is an economic bubble
The first time I heard about digital currency was in February 2017. At that time, I was still a wool-pulling ... But after entering the cryptocurrency circle, I lost this idea because I think that digital currency itself has no value. It is just hyped up. And too many people equate the concept of blockchain and digital currency, so digital currency is hyped up and has extremely high value. But I personally think that digital currency is an economic bubble
Again, bulls have their own strategies, and bears have their own ways of playing.
If you want to make money, look for Sister Hong. Sister Hong will not lead her fans to liquidation, nor will she open orders blindly.
It's all about winning by being steady and taking steady steps. If you want to make some money, get on board quickly!
Focus of the day: doge goat sol bome
