Contribution from a fan:
As a novice in the currency circle, I once tried to make a breakthrough in the currency circle with a principal of 150,000. Looking back now, that experience was like a thrilling adventure. Fortunately, I successfully increased the value of this capital to 2 million, and made an astonishing 12 million in the last bull market.
My story begins in early 2020. At that time, I, a young man born in 1995, had just graduated from university and was working in e-commerce in Shenzhen. Although he can earn 20,000 to 30,000 yuan a month, after deducting more than 10,000 yuan for expenses, his monthly savings are only 10,000 to 20,000 yuan. Faced with the high housing prices in Shenzhen, I know that accumulating a down payment will be a long and difficult process based on salary income alone.
Fortunately, I came into contact with the currency circle. In this world full of opportunities and risks, I see the possibility of doubling assets using virtual currency leverage. I decisively invested most of my savings in the digital currency market, mainly allocating Ethereum (ETH) and a small amount of Bitcoin (BTC), while also diversifying into some potential altcoins.
Amid the market fluctuations, I remained calm and chose to increase my position during several major corrections. Even when 519 plummeted, I did not waver. Instead, I added some promising altcoins. My patience and confidence paid off. When Bitcoin broke through a record high of $69,000 in November 2021, my assets also experienced a huge increase in value.
However, I am well aware of the vagaries of the market. After observing that the market trend was weakening, I decisively liquidated most of my positions. At this time, the price of Bitcoin has fallen back to around 58,000, and the price of Ethereum has also stabilized at around 4,400. Facts have proved that my decision was wise. Most of those retail investors who have long-term fantasies and are greedy for the fishtail market have now been trapped by the market.
After this bull market, my capital account reached an astonishing 12 million yuan. I used 4 million of them to pay the down payment for a house in Shenzhen (after graduation, I transferred to Shenzhen household registration and obtained the qualification to buy a house after paying social security for three years), 2 million was used for daily living expenses, and the remaining 6 million was kept. On the exchange, waiting for the next investment opportunity.
Looking back on my investment experience, I believe that my success is mainly due to the following points: first, the principal is relatively large and there is continuous cash flow replenishment;The second is to grasp the entry timing and buying and selling points properly; the third is to only trade when there is high certainty, reducing unnecessary risks; the fourth is not to use contract leverage or borrowing, and maintain a good mentality.
In the cryptocurrency market, the key to making money is to grasp the cycle, entry timing, entry and exit points, project selection, position allocation and principal management. Only by comprehensively considering these factors can we move forward steadily amidst market fluctuations and achieve sustained asset growth.
