In 2016, a friend of mine started investing in Bitcoin when the price was around 5,000 yuan. At first, he did short-term trading like most novices, often getting up at 2 or 3 in the morning to check the market. However, he soon realized that the pressure from this trading method was far greater than the benefits, and his quality of life dropped sharply. He felt that his emotions were controlled by the irregular market conditions.
After two months of short-term operations, he decisively gave up this approach. After a while, at the end of 2016, he accidentally began to pay attention to Ethereum and decided to invest 100,000 yuan of spare money. Since his personal wealth assets reached about 3 to 5 million, this 100,000 yuan investment was not a large amount for him, so he turned his attention to his work and soon forgot about it. A few months later, in the first half of 2017, he suddenly remembered this matter. He bought Ethereum on Bitcoin China, one of the three major trading platforms in China, while the other two trading platforms Huobi and OK had not yet launched Ethereum. At that time, Zhao Changpeng, the founder of Binance Exchange, was still the technical director of OK Exchange.
When he logged into the exchange, he was surprised to find that his 100,000 yuan investment had turned into more than 1.5 million yuan. At first he thought the platform data was wrong, but soon he realized that he had experienced a bull market.
In the second half of 2017, the market ushered in a bigger bull market. This friend learned how to allocate investments with more than 1 million yuan in profits, and finally achieved a profit of nearly 10 million yuan at the peak. Therefore, it only took one year to go from 100,000 yuan to 10 million yuan.
However, the real world is often not smooth sailing. As we entered the big bear market in 2018, this friend also experienced losses. But at the same time, there will always be a small number of people who can beat the market because they understand the laws of the investment cycle. Therefore, this is why we continue to learn and improve our cognition.
As an ordinary retail investor, this friend has outperformed most people in the market. The secret of his success is to maintain a good attitude. The reason why he can maintain a good attitude is that he doesn't care, because this is a sum of money that will not affect his life even if he loses it all.
The market is unpredictable and opportunities are fleeting. Only by paying close attention to every subtle change and seizing your own opportunities can you remain invincible in the ups and downs of the market. Are you ready today? Let's look forward to the wonderful performance of the market together!
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