In 2016, a friend ventured into the cryptocurrency market and witnessed the remarkable bull run of 2017. Beginning with an initial investment of $120,000, his portfolio surged to over $9 million at its zenith. Two standout investments were GXS, bought during a private placement with 3 BTC (valued at $7,000 each at the time), which opened with a valuation of $2.5 million, and Ant (later rebranded as NEO), where he purchased 12,000 coins that peaked at over $900 each, collectively exceeding $9 million.

Feeling invincible, he aimed for a lofty target of $90 million, becoming overconfident. However, the market turned bearish in 2018, and his portfolio, now heavily invested in lesser-known coins, experienced significant losses. This period of adversity led to deep reflection and a realization that market dynamics are indifferent to individual pain. He learned two essential lessons during this challenging phase. First, his success in 2017 was not due to exceptional skill but rather favorable market conditions. He was fortunate to ride the wave of a booming market. Second, effective fund management is crucial: strategies suitable for smaller funds are not appropriate for larger sums and can result in substantial losses.

After reassessing his approach, he shifted his focus to $BTC , $ETH , $PEPE and USDT, divesting most of the lesser-known coins. Having navigated both bull and bear markets, his strategy is now more balanced. With the market showing signs of an upward trend again, he prioritizes taking profits and reconfiguring his portfolio rather than chasing extravagant gains. Confident in the future of cryptocurrency, he believes it will surpass previous highs and his primary strategy is to stay invested in high-quality assets, exercising patience for future gains.

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