'48 Wan Ge' is a name that resonates throughout the crypto world.
On January 28, 2014, he invested 480,000 yuan he had saved for buying a house to purchase 100 bitcoins and started a live investment journey on Baidu's Bitcoin forum, thinking he could embark on the road to financial freedom. However, he unexpectedly stepped into a long nightmare.
At that time, negative policies were continuously introduced, and the currency price plummeted like a cliff, causing his assets to shrink rapidly from 480,000 to 90,000. The mockery and sarcasm in the forum came in like a tide, and there were numerous conflicts within the family, with arguments with his mother-in-law and his wife threatening divorce, all becoming a helpless part of his live stream. In early 2016, when the price of Bitcoin warmed up to 3,000 yuan, '48 Wan Ge' chose to sell and exit, ultimately losing 180,000. He went to buy a house feeling exhausted, not knowing that just a year later, Bitcoin would experience a crazy surge, causing him to miss the opportunity for wealth.
'Running North Latitude': A wealth legend written with pocket money.
In stark contrast to '48 Wan Ge' is 'Running North Latitude'. In 2012, he first encountered Bitcoin and decisively entered the market when the price dropped from 8,000 to over 4,000. After that, he handed over his entire salary to his wife, only using pocket money to stubbornly buy Bitcoin. To save more money for purchasing coins, he even seriously considered quitting smoking, leaving only the necessary money for cigarettes and gas in his wallet.
By adhering to this almost obsessive 'pocket money buying coins method', by the end of 2015, 'Running North Latitude' had successfully accumulated over 300 bitcoins. He endured the market's fluctuations and waited until the clouds parted and the moon shone. His perseverance and vision have become legends in the crypto world.
'100,000 turns into 1.5 million in half a year': A miraculous wealth story born from an unintended opportunity.
This is a true story that happened around us. In 2016, the price of Bitcoin was about 5,000 yuan. The protagonist of the story was new to the crypto world and, like most newcomers, was keen on short-term trading. Waking up at two or three in the morning to check the market became a norm, but this kind of turmoil not only failed to bring ideal returns but also caused a sharp decline in quality of life, with emotions being swayed by market fluctuations. In just two months, he decisively gave up this strenuous and thankless trading method.
At the end of the same year, he accidentally learned about Ethereum and decided to invest 100,000 yuan of spare money. At that time, he already had three to five million in personal wealth, and this money was merely 'small change' for him. After investing, he focused entirely on his work and gradually forgot about it. Until the first half of 2017, when he logged into one of the three major trading platforms in China, 'Bitcoin China' (at that time, Binance's founder Zhao Changpeng was still the technical director at OK Exchange, and Huobi and OK had not yet listed Ethereum), he was surprised to find that the 100,000 yuan in his account had turned into over 1.5 million. Initially, he thought there was an error in the platform data, but then he realized he had fortuitously caught a ride on the bull market.
Subsequently, in the second half of 2017, a larger bull market arrived. He learned to allocate investments reasonably, and at the peak, he made nearly 10 million in profits, achieving an astonishing leap from 100,000 to 10 million. Of course, there are no eternal winners in the crypto world; when the bear market hit in 2018, he also suffered losses. However, as an ordinary retail investor, he was able to outperform the vast majority of others in the market, relying on a good mindset. Because even if this investment resulted in total loss, it wouldn't affect his life; this sense of 'not caring' became crucial for him to navigate the crypto world steadily and far.
The three stories have been told, and I hope you have gained something from them. In the future, I will share more stories with everyone, listening to others' stories and reflecting on my own life.
Still the same line: if you don't know what to do in a bull market, click on my avatar and follow me for bull market spot planning, contract passwords, and free sharing.
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