Today, the cryptocurrency world has ushered in a long-awaited bull market, the market is extremely hot, and the legend of asset surge is staged again. But behind every "highlight moment" is a long-term persistence and adherence to faith. Those bigwigs who once endured huge pressure in the bear market are now standing in the center of the stage in the bull market, and their experience tells us: true success belongs to those who dare to persist.

Today, we are going to talk about three big guys who survived the bear market and reached the peak in the bull market - Zhao Dong, Bao Erye and Chang Jian. I hope their stories can give you more inspiration and confidence in this bull market.

Zhao Dong: Nirvana after the liquidation

In 2013, Zhao Dong was still the CTO of Garage Coffee. When he first learned about Bitcoin, he spent 10,000 yuan to buy 10 coins. As a result, he caught up with a bull market and easily earned more than 10,000 yuan. The sweetness of trying out a little trick made him unable to stop. Then he increased leverage crazily, even promised to protect the principal and dividends, and called on people around him to play together. However, a big crash in 2014 caused Zhao Dong to blow up his position in one day, losing 9,000 Bitcoins, equivalent to 55 million yuan.

Zhao Dong was unwilling to give up and decided to enter the mining industry. He believed that "the root of Bitcoin lies in mining", so he invested heavily in building a mining farm. But fate did not favor him. The bear market continued to decline in 2014, and the mining farm could not even pay the electricity bill. He gritted his teeth and persisted until 2015, but eventually had to sell all the mining machines at a low price. The equipment that was once worth 50 million yuan was only sold for 3 million yuan in the end.

Zhao Dong’s low period did not last long. In 2017, he entered the over-the-counter trading market with the reputation he had accumulated in the past. He earned a small profit only by guaranteeing and miraculously paid off his huge debt. He later founded the DFUND Fund and once again stood at the center stage of the blockchain.

Bao Erye: The mine owner with unshakable faith

Almost everyone in the cryptocurrency circle knows Bao Erye. In 2013, he encouraged his friends to found the first Bitcoin self-media in China (Yangyang Interview). In 2014, when the bear market hit, the price of Bitcoin once fell below 2,000 yuan, but Bao Erye chose to "buy at the bottom" and built a mining farm that was known as the "world's largest".

The operating costs of the mines are burning money every month, but Bitcoin has not risen. Unlike Zhao Dong, Bao Erye insisted on not selling his coins, even though he was in debt. He led his team to travel all over the country to promote Bitcoin, and even paid out of his own pocket to give lectures to investors.

"I owe too much debt, so I have to bear it." He said. In 2017, the bull market came, and the bitcoins in Bao Erye's hands soared. His persistence finally paid off, and he even bought a large estate in Silicon Valley, named "Leek Estate", and lived a carefree life.

Chang Jian: From science fiction writer to blockchain evangelist

Babbitt founder Chang Qia was originally an award-winning science fiction writer. In 2013, he was deeply attracted by the concept of Bitcoin and founded the Babbitt community. Unfortunately, market fluctuations caused Babbitt to fall silent for a time, and Chang Qia lost all his money.

In 2014, the market started to improve slightly, and Chang Qia quit his stable job as a civil servant and attracted 2 million angel investment. But crises followed one after another: in 2015, Bitcoin plummeted due to theft of exchanges, market confidence collapsed, Babbitt's team fell apart, and Chang Qia was almost in despair.

He chose to grit his teeth and persevere, relying on limited funds to maintain operations. In 2016, he received tens of millions of dollars in financing and subsequently launched the blockchain project "Bytom". This not only realized his science fiction dream, but also made him a representative figure of the technical school in the cryptocurrency circle.

The power of faith: Because we believe, we see

These three big guys experienced unimaginable difficulties when the cryptocurrency world was at its lowest point. Zhao Dong’s liquidation, Bao Erye’s debt, Chang Jian’s lonely battle… If they had given up, perhaps the story of the cryptocurrency world today would be completely different.

True success is never achieved overnight, but is achieved by persisting through countless failures and lows. The bear market tests human nature, but those who have faith will eventually find the answer in the bull market.

Believe in yourself, after the cold winter, you will see spring.