Can you really make money by speculating in cryptocurrencies?

A Yunnan fan's contribution:

I made about 4 million yuan by speculating in cryptocurrencies, with a principal of only 50,000 yuan. Since graduating from college, I have not entered the workplace, but have spent my days leisurely in Kunming and Dali, not pursuing material prosperity, living a simple life, and spending only 1,500 yuan a month. So, how did I achieve this wealth accumulation? First of all, I saved up 50,000 yuan in principal through various small projects during college, such as Taobao, order brushing, express delivery business, and APP charging. This is a starting point for me and the first step for me to enter the cryptocurrency circle. After entering the cryptocurrency circle, I chose to invest in mainstream currencies BTC and ETH. I always insist on selecting coins, managing positions well, and facing market fluctuations with a steady attitude. When the market is not good, I can control losses; when the market turns good, I can seize opportunities and make profits. The reason why I chose to enter the cryptocurrency circle is that I know that in order to change my destiny, I must be brave enough to try new things.

If you can't make a fortune in this circle, then for ordinary people, it may be really difficult to have other opportunities in this life. Investing to make money depends on two factors: the amount of funds and volatility. For me with limited funds, I can't make profits as easily as big funds, so I can only rely on market fluctuations to make profits. Although the volatility of the currency circle cannot be compared with the past, it is still relatively large. I know that when it falls, I may lose everything, but when it rises, it may also bring 10 times or 20 times the profit. Therefore, I choose to enter the contract, wait patiently, stay calm when it rises, and not be affected by short-term fluctuations. It is difficult to make a fortune by speculating in coins, what is the difficulty?

I think the difficulty lies in controlling desire, being determined in goals, and being patient. This circle gives us such a good volatility, and it is the most friendly market for those of us with limited funds. However, getting rich is not easy. We need to control our desires at all times, stick to our investment goals, and have extreme patience. Only by doing simple things repeatedly can we move forward steadily on the road of currency speculation. Just like other things in life, we all know that exercise can make us healthier. But there are very few people who insist on exercising every day. The same is true for investment. The road is simple, but it is not easy to really do it. It is easy to know but difficult to do. To get rich, we need to be prepared at all times. Once luck comes, we can seize the opportunity and soar into the sky. My experience may provide some inspiration for those who want to enter the currency circle: in the process of pursuing wealth, we need to remain calm and rational, and not be affected by short-term fluctuations; at the same time, we also need to have firm goals and extreme patience to capture real opportunities in market fluctuations. Success is not just luck, choice and hard work are important. In the currency circle, you need vision, team and leader. Follow me, you are one step closer to success!