Fan Contributions:
I made 12 million in the last bull market.
Let me tell you about my experience of making my first pot of gold in the cryptocurrency world.
Male, born in 1995, graduated from university in 2018, went to work in Shenzhen, and entered the cryptocurrency circle in early 2020.
I currently own a house in Shenzhen, but no car or luxury consumption, and most of my assets are in the exchange.
I used to work in e-commerce in Shenzhen, with a monthly income of 20,000 to 30,000 yuan and a monthly expenditure of more than 10,000 yuan. I could save 10,000 to 20,000 yuan every month. Like many other people who had moved to Shenzhen at that time, I also wanted to buy a house in Shenzhen.
However, with this income level, it is hard to say when you can save for a down payment. There is a bottleneck in your income from work, and it is difficult to increase your salary.
It was not until I came into contact with the cryptocurrency world that I discovered that I could actually use the leverage of virtual currency to multiply my assets several times!
I was lucky. I entered the cryptocurrency circle at the beginning of the bull market. I used most of my savings to go all in on digital currencies, buying a large position in ETH, a small portion of BTC, and some miscellaneous altcoins.
I added positions during several major pullbacks, and then didn’t do much. I didn’t escape the 519 crash, and I also added positions to some altcoins that I was optimistic about.
It was not until November 2021 that Bitcoin broke its all-time high of $69,000. At that time, market sentiment was very high, and many people believed that it would break $100,000, but in fact, $69,000 was the highest point of this bull market.
By the end of November, I saw that the market trend was weakening, and I concluded that the bull market was probably over, so I cleared most of my positions. At that time, the price of Bitcoin was around 58,000, and the price of Ethereum was around 4,400.
Facts have proved that this is a very wise choice, and some retail investors who had "bullish fantasies", shouted "eternal bull market" and were greedy for "fish tail market" have now been trapped.
After the bull market ended in 2021, my financial account had about 12 million+ RMB.
I took out 4 million yuan for the down payment and bought a house in Shenzhen (I transferred my household registration to Shenzhen after graduation, and I was eligible to buy a house after paying social security for three years), cashed out 2 million yuan for daily use, and kept the remaining 6 million yuan in the exchange.
To summarize my advantages:
1. The principal is relatively large and there is a continuous cash flow supply.
2. The right entry time and buying and selling points,
3. Trade only when you have high certainty and reduce the frequency of transactions.
4. Do not use contract leverage, do not borrow, and maintain a positive attitude.
The cryptocurrency market makes money in cycles. Factors such as entry timing, entry and exit points, project selection, position allocation, and principal will all affect your profits.
Click on the avatar, follow the homepage introduction to find me, and face my fans. I will share my bull market strategy layout for free. I will be a free blogger just to increase my fans. If you come to me, I can take you ashore. I will not let my fans miss out in this bull market! Just lie down!
