After seven years of speculation in cryptocurrencies, he started from primary market projects and made a lot of money by investing in private equity. His principal increased from more than 30,000 to 200,000, and then slowly increased to 800,000 in the bull market. He still invested in projects and mines, and the funds reached more than 20 million.
However, since this person had never mastered so much wealth before, he wanted to buy luxury houses and cars after he became rich, and he could not afford houses worth 7 or 8 million. So he took a big gamble on the contract and used 20 million to do the contract. As a result, his funds were almost zeroed out and he was liquidated in one day.
Although this person was liquidated on the contract, it was not a mindless gamble. He had been in contact with the cryptocurrency circle since 2012, and then started directly from the project. He still had a certain brain, and then he opened a mine and made a lot of efforts to make money by setting up his own mining machine. However, it is quite regrettable that in order to rapidly increase the funds tenfold to the billion level, he lost everything after such a gamble.
His example also fully illustrates that people often forget themselves after becoming rich, and their consumption concepts are instantly different. But without the ability to grasp wealth, you can't keep it. Even if you make a lot of money through hard work, you don't pay attention to it because it comes easily, thus wasting years of accumulation.
You can do small contracts. If you want to gamble on contracts for a long time, the market only needs to defeat you once to kick you out. You must control your own risks and don't gamble so much.
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