Share 2 stories of the cryptocurrency world:
1. Rolling from 10,000 to 800,000, returning to zero overnight, and then recovering to 600,000
I knew about the cryptocurrency world very early, but I really entered it at the end of 2018. A customer came to buy tea and accidentally learned that he was speculating in cryptocurrencies. He had heard of this kind of thing before and was a little interested, but because no one around him participated, he never participated, but now he has found a channel... (Writing here, I would like to insert a sentence. From 2018 to now, more than two years ago, the cryptocurrency world has experienced a complete bull-bear cycle. It is currently in the second round of bull market. BTC has gone from a minimum of US$3,800 to a maximum of about US$61,829. In these two bull-bear cycles, no matter what currency, any cryptocurrency-related project, or cryptocurrency-related project, as long as you do not touch the contract and know how to stop profit in time, it is not a problem to guarantee a profit of 100%-300%.)
Yes, 100%-300%, and it is guaranteed. You read it right, it is so violent, but because of such violent profits, most people will really lose themselves here, and the weaknesses of human nature will be magnified N times here. , greed, fear, madness, self-destruction.
Entering the circle: In fact, this is not my first time to speculate on contracts. I speculated in 2018, and encountered a big bear market in the background, 312, etc. I was afraid of losing money, so I stopped playing. This time I entered the game at the end of November and the beginning of December. I entered the game. There are two reasons. First, there is liquidity on hand, but not enough short-term debt. Second, it feels like a bull market.
Everything is judged correctly, it is indeed a bull market, and you have indeed made money, but as mentioned above, greed has begun, and the danger has appeared without your knowledge.
It's not that I don't have risk awareness, nor that I didn't plan ahead. I only invested 10,000 yuan at the beginning of the period, thinking about losing money, but I made money. In November, I made about 100,000 yuan. I cashed out half of it, and then I was short of 2 days. Come on, a new round of speculation has begun again. This wave really caught up with the bull market. You can make money no matter what you do. The profit once reached 400,000.
After a brief consideration, I withdrew 100,000 and bought altcoins (ftm recommended by my Q group). The price was about $0.03 when I bought it. It started to pull back the next day, and once I made a profit of 400,000, I lost 70,000.Because I was afraid of being liquidated, I sold the FTM I bought the day before and lost a little... After the pullback, the song and dance continued, and the account returned to 15W. Although there were many pullbacks, I knew that they were all profits, so I didn't care, but in just 2 days, the price of FTM rose to 0.3x US dollars, a 10-fold increase in two days. If I didn't sell my 10W, it would become 100W.
This pullback and miss made people feel uncomfortable. Not only did I see the madness of the bull market in the currency circle, but also made me regret why I sold the altcoins I bought. In fact, now I think about it, this is my own moral problem and my fault. Too greedy. If I hadn't touched the contract from the beginning and just bought the venue, the story would not be like this.
Time came to the beginning of February, and I began to prepare for the Chinese New Year. I didn't do much during the Chinese New Year. It was about the third day of the Chinese New Year. I opened an order and increased my position all the way. The profit once reached 80W. I earned ETH. This time it was greed. , I originally set an automatic stop profit at 2150, but I don't know what reason I gave myself, so I cancelled the automatic stop profit and added positions again. Then around 2160, the epic adjustment began. So far, Bitcoin has fallen from a maximum of 6,000 contracts. The price fell to around 43,000, a drop of nearly 30%. And I was undoubtedly wiped out.
Not only was my position blown up, but because I had made so much money before, I lost it all at once, and I was in a bad mood, so I kept recharging and blowing up my position. In the end, I went crazy and used up all my credit cards and all the online loan platforms. Just now, around 23:30 on the 28th, the last 30,000 were blown up.
In just 3 months, I went from a profit of 800,000 to a loss of 600,000. This is a contract. I had the opportunity to make 1 million in the middle, but I missed it perfectly.
If there is anything that I have done the biggest mistake, it is greed, but I found out afterwards. How ironic.
2. "100,000 yuan turned into 1.5 million yuan in half a year"
This friend started investing in Bitcoin in 2016, when BTC was about 5,000 yuan. He also did short-term operations at the beginning. Like most newcomers, he often got up at two or three in the morning to check the market. Later he found that the gains did not outweigh the losses.He felt that his quality of life had dropped sharply, and that his entire mood was kidnapped by this irregular market.
This short-term operation lasted for two months, and he decisively gave up. After a while, at the end of 2016, he accidentally began to pay attention to Ethereum, so he invested 100,000 Ethereum. At that time, his personal wealth and assets were about three to five million, so he didn't pay much attention to the investment of 100,000 when he came in, but was busy with his work. Once he got busy, he forgot about it. A few months later, when the time came to the first half of 2017, he suddenly remembered it. He was in China at the time. I bought it on "Bitcoin China", one of the three major trading platforms. The other two trading platforms, Huobi and OK, had not yet launched Ethereum. At that time, Zhao Changpeng, the founder of Binance Exchange, was still the technical director of OK Exchange.
When he logged into the exchange, 100,000 became more than 1.5 million. He thought the platform data was wrong, but after a while he found out that he had experienced a bull market.
Later, in the second half of 2017, there was a bigger bull market, and this friend learned to configure and invest his profits of more than 1 million, with the highest profit reaching nearly 10 million. In one year, 100,000 became 10 million.
Of course, the real world is not always smooth sailing. Later, when the big bear market came in 2018, this friend also suffered losses. But at the same time, there are always a few people who can beat the market with a high probability and understand the laws of investment cycles. So, this is why we must continue to learn and improve our knowledge.
As an ordinary retail investor, this friend has outperformed most people in the market. The secret is a good attitude. The reason for the good attitude is that he doesn't care. He doesn't care because this is a sum of money that will not affect his life even if he loses it.
