First Encounter with Bitcoin
In 2015, Xiao Li was an ordinary office worker, living a 9 to 5 life. He accidentally heard a friend mention something called Bitcoin, described as 'the currency of the future,' when one Bitcoin was only 2000 yuan. At first, Xiao Li wasn't interested, thinking it sounded too unrealistic, but a friend's words made him tempted:
'Why not try investing a few thousand, what if it works out?'
With a mindset of trying it out, Xiao Li spent 5000 yuan to buy 2.5 Bitcoins.
Early Fluctuations
The price of Bitcoin is like a roller coaster. At first, the price kept rising, and six months later it reached 4000 yuan each. Xiao Li was overjoyed, thinking this investment was a windfall. But the good times didn't last long; in early 2016, the price of Bitcoin plummeted below 2000 yuan, and Xiao Li's investment shrank by nearly half.
'It’s definitely a scam!' Xiao Li angrily slapped his thigh, nearly selling at a loss.
Persist or Give Up?
A friend advised him: 'Don't rush, investing in Bitcoin requires patience; it has always been about rising and falling.'
Xiao Li hesitated for a moment and ultimately decided to wait a little longer.
Crazy Bull Market
In 2017, Bitcoin welcomed a historic bull market. Xiao Li's investment soared like a rocket, jumping from several thousand to 100,000 yuan! Every day he woke up to check his account, it was a new surprise. He began to fantasize: 'Should I quit my job and focus on trading coins? Am I going to buy luxury cars and villas in the future?'
But friends remind him: 'Be careful in a bull market, don’t get rich overnight, and don’t fall back to square one overnight.'
Xiao Li decided to sell half of his Bitcoins, cashing in 50,000 yuan.
Harsh Winter and Comeback
Sure enough, in 2018, Bitcoin plummeted from 200,000 to 30,000 yuan. Xiao Li was glad he listened to his friend's advice; otherwise, he wouldn't even get his cost back. However, he didn't sell the remaining Bitcoins and chose to hold on.
In 2020, the pandemic broke out, the global economy became unstable, yet Bitcoin once again exploded, with prices soaring to 400,000 yuan each. Xiao Li's 2.5 Bitcoins turned into a 'wealth code,' and he sold the remaining Bitcoins, earning nearly 1 million yuan.
Nowadays, Xiao Li has changed to a bigger house and invested in some stable funds. Occasionally, he looks at the Bitcoin price in the news and sighs, 'Fortunately, I didn't sell at a loss back then.'
Xiao Li's story tells us that investing in digital currencies has great potential but is also full of risks. In the face of market fluctuations, rational judgment, patience, and timely profit-taking are the correct choices.
