I made my fortune through trading coins. I had heard of Bitcoin and Ethereum a long time ago but had never participated. Fate had me enter the market in 2021 just as the bull market began. There’s a saying that is really true: it’s better to arrive at the right time than to arrive early.
Relying solely on the taste of entering the market during the animal coin boom in 2021, I have been focusing on first-tier market animal coins.
At that time, I encountered various meme coins like Kishu, Akita, Pig, and FEG. I was also lucky; I happened to enter the space at the right moment. I withdrew my principal of 40,000 from my Alipay fund to enter the crypto market. Back then, I was bold, and it just so happened that the news and various media were very FOMO. Basically, any coin that got listed on an exchange could surge dozens to hundreds of times. At that time, I invested 10,000 yuan to buy SHIB and later other meme coins like Pig. After Pig was listed on Matcha, it skyrocketed. These coins quickly reached 100 times due to the FOMO sentiment following SHIB.
At the peak, I should have had nearly 800,000. Later, when it dropped to 300,000, I felt it should be the end and couldn’t hold on any longer, so I sold. However, I didn't cash out, just kept playing. I was still quite greedy; in my impression, this money felt similar to game currency. Later, I found various meme coins on Huobi Chain through Weibo, like Frog and Lowb. Since I knew about it relatively late, I invested everything at the peak. Soon, the profits were wiped out; coincidentally, it was May 19th, and I had never experienced such a major drop. So, I lost 300,000 in an instant. In the end, I was left with only a few tens of thousands, which I cleared out and sold. I kept holding onto the money I had and didn’t cash out.
Later on, I encountered many seasoned investors who all knew about Baby Doge. It is also a token from the zoo. Now that I think about it, Baby Doge was able to surge mainly because it caught a good opportunity. A large amount of capital flowed into BSC.
I went all in with 20,000 yuan into Baby Doge, thinking that if I lost it all, it would mean the market wasn't doing well. I never expected it to directly surge 100 times.
In my excitement, I even posted it on Moments. After making over 50 times, I sold.
At that time, I really didn’t understand much. I made money with Baby Doge but didn’t continue to operate, missing out on many hundred-fold projects. In the end, I cashed out over 1 million. The first part went to buying a car.
Later, Baby Doge also cooled down. It dropped more than 10 times.
Actually, there were many profitable projects later on, but I continuously made gains and losses. I missed out on many projects. The money in my pocket also didn't leave me with much.
During the Spring Festival in 2022, Dog King brought a wave of hype. That night, I quickly realized and went all in with 50,000 yuan.
This time, I felt satisfied. I slowly started to unload my holdings.
The market basically cooled down afterwards. I bought around 400,000 worth of Baby Doge at the bottom. I still hold it now.
Currently, I have recently purchased some first-tier market tokens in the AI field.
Understand these 10 rules, and you too can earn the little sun you want in the crypto world like me!
1. Never buy coins at high prices; have the mindset that it doesn’t matter how much it rises; treat the coin as if it doesn’t exist.
2. Coins can be divided into two types: coins at buying points are good coins, and those not at buying points are junk coins; coins at large-level buying points are the best-performing coins. Be patient and wait for these coins at large-level buying points to turn into true blue-chip stocks. This is the correct mindset.
3. Actually, the most important thing in trading coins is mindset. Many people know very well that it’s not a buying point, but they just can’t help but buy out of impulse. This indicates a problem with mindset; if you don’t solve this, no theoretical learning will help.
4. Keep your mindset steady; don’t have emotional attachments to any coin or price point. Only look at the signals given by the market; have feelings for buying and selling points.
5. If you make a mistake in operations, don't look for reasons in the market, only find the reasons within yourself. Each mistake must be summarized immediately.
6. A mentality without technical support is a foolish mentality, with no reaction at all. Only insights guided by wisdom can ensure a good mindset.
7. Why can’t you let yourself be like a wolf? This has nothing to do with how much capital you have. As long as you can buy at buying points and sell at selling points, that is the most powerful.
8. When operating, you must be calm. With money, you can have everything; don’t be afraid of not finding good coins.
9. In the market, any luck is only temporary, and the market will double back to make you pay. Facing the market, if you don’t fundamentally change yourself, you cannot overcome it.
The mindset of being anxious to make money is a big taboo for crypto traders. If you can't even control your own heart, greed, and desires, you won’t be able to succeed in the market for long. The vast majority of investors are doomed to be played by the market, getting trapped and confused by it.
These people have all their operations divided into long and short trades. When they hold coins, their thoughts are controlled by the long side, and conversely, they are controlled by the short side. The market's sentiment accumulates and is guided this way. If you can't escape this state, you'll never become a true market participant.
Successfully recouped losses, and my account doubled. Stay close during rainy days, preemptively position yourself, and enjoy the big profits!
Continuously follow: LA RVN
