However, holding cryptocurrencies can indeed lead to wealth.
I started dollar-cost averaging at the end of 2018, with a BTC+ETH+BNB combination, investing 1000-1500 every month, accumulating over 60,000 RMB, which has now grown to 460,000. Although it's not a lot, for someone with an annual salary of 120,000, it’s already considered a fortune.
I have been holding the Bitcoin I accumulated in 2013 until now, no need to elaborate.
I started buying various coins in June 2020, basically not operating in between, gradually selling 25% when it rises by 40%, with a cost of around 100,000. I’ve rotated purchases and have now cashed out 370,000, with nearly 270,000 remaining.
And there's also DeFi mining. I don't seek to get rich quickly; I'm satisfied with an annualized return of over 30%. Of course, 200% would be better. I mine stablecoins or stablecoin trading pairs, aiming for no mistakes rather than great achievements, using time for returns. After continuously doing this for over half a year, I’ve earned over 100,000.
The cryptocurrency market is a wild market, there are many pitfalls, but there are also many opportunities. That’s why so many people come to mine for gold. There is always a reason behind every event. So, maintaining a certain information advantage, action advantage, and mindset advantage, participating only with funds you can afford, thinking critically and cautiously, it's not hard to earn some pocket money. After all, my goal isn't high, I'm satisfied with an annualized return of over 20%.
However, trading cryptocurrencies (short-term) is a different story, it completely relies on luck. Every time I get itchy hands, I invest a few thousand dollars in trading, and the result is a guaranteed loss, 100%, no exceptions. Mid-term trading isn't much better because choosing coins requires a considerable degree of research, knowledge, and experience. Without these fundamentals, one might end up with a bunch of worthless assets, and no one knows how the market trend will go. Once the market reverses, it’s very likely you could get buried.
Still, the saying goes, bulls have their strategies, bears have their ways to play.
I won't lead fans into liquidation, nor will I blindly open positions.
It's all about seeking victory steadily, taking solid steps. Those who want to profit should keep up!
#Strategy增持比特币
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