The Bitcoin Get-Rich Dream: Is it a Pie in the Sky or a Trap?

Last night, Bitcoin staged a thrilling drama again, with the price soaring to $107,000 before suddenly crashing down to $105,000. This reminded me of a friend from last year, who used 50x leverage to go long and made $3 million in one night, only to lose it all the next day because he didn't take profits in time, not only losing all his gains but also over half of his principal.

To be honest, I've seen many such stories in the crypto space. Some have achieved financial freedom through Bitcoin, but many more are left scarred from chasing prices and making rash decisions. Recently, several kidnapping cases targeting wealthy individuals in the crypto space have emerged in France, as criminals thought Bitcoin transactions couldn't be traced, only to be caught by the police. This serves as a reminder: making money in crypto is important, but safety is even more crucial.

There is an interesting phenomenon in the market now: on one side, retail investors are fighting in leveraged trading, while on the other side, institutions are steadily accumulating positions. Several states in the U.S. have begun to allocate fiscal funds to Bitcoin, and significant amounts of money flow into ETFs every day. Standard Chartered even predicts that Bitcoin could reach $200,000 next year, but I think ordinary investors should not be too optimistic, after all, the market is always full of uncertainties.

My advice is:

1. Never emulate those who play with high leverage; 99% are just giving money to exchanges.

2. Dollar-cost averaging may be slow, but it really can make money. I've been sticking to it since 2020, and my returns have multiplied several times.

3. Control your position size and set stop-losses; this is key to preserving principal.

Recently, market volatility has intensified; we need to closely monitor the Federal Reserve's policies and institutional movements. To survive in this market, relying solely on luck is not enough; you need to have your own trading discipline.

Do you think Bitcoin can still create get-rich myths? Feel free to share your thoughts in the comments. I share practical investment insights every day, teaching you how to stay clear-headed in this crazy market. Remember, in the crypto world, living long is more important than making quick profits! #比特币大亨惊爆预言