Let me tell you about my personal experiences, structured by time and divided into four stages.
First stage (2016 - 2017). Initially entering the cryptocurrency space, naive and fearless, my wealth skyrocketed to the point of losing rationality. I first encountered the cryptocurrency world in 2013, but truly delved into it in 2016, and fortunately caught the wave of the explosive bull market in 2017. With an initial capital of only 100,000, the madness of the market was astonishing, with assets soaring to over 10 million at their peak. Two coins left a deep impression on me: the public trust treasure GXS, where I participated in the private placement with 2 BTC, then priced at 6000, and its value reached 3 million in an instant upon opening; and AntShares (later renamed NEO), where I bought 10,000 coins at 1 yuan each, which peaked at over 1000, with a single coin value exceeding 10 million. The rapid expansion of wealth made me lose myself, filled with arrogance, even attempting to set a grand goal of making 100 million, fantasizing that I could retire after achieving it. However, reality was like a loud slap, harshly knocking me down in the tide of the market, leaving me battered and bruised.
Second stage (2018 - 2019). Deep reflection led me to realize that my previous success was merely a gift from the market and luck, akin to a pig riding the wave at the peak of the market, rising not due to exceptional ability. I also recognized the key importance of fund management. The operating strategies for small and large funds are vastly different; trying to manage large funds with a small fund mindset is akin to seeking one's own doom. After understanding this, I regrouped, restructured my holdings, clearing out most altcoins and focusing my funds on BTC, ETH, and USDT.
Third stage (2020 - 2021). Optimizing allocation, timely taking profits to secure gains. After experiencing a complete cycle of bull and bear markets, my mindset became more stable and calm. Just as the cryptocurrency market entered an upward channel again, my assets began a new round of appreciation.
Fourth stage (2022 - ?). Reflecting on myself, firmly believing in the future brilliance of the cryptocurrency space. I am full of confidence in the prospects of the cryptocurrency world, firmly believing that its scale will surpass past peaks. Right now, we only need to adhere to one principle: do not exit the market, firmly hold quality assets, and patiently wait, as the future will surely yield fruitful results. In this world of cryptocurrencies, which is full of uncertainties, only by maintaining a sense of reverence and continuously improving oneself can we steadily advance in the wave of opportunities and challenges. Perhaps the goal of 20 million is not out of reach, but gradually becoming closer through steadfast perseverance.
How did the author clean up the altcoins and concentrate funds in the second stage (2018-2019)? What was the author's cryptocurrency trading experience like in the third stage (2020-2021)? How has the trading strategy changed in the fourth stage (2022 to now)?
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