I made 12 million in the last bull market.
Let me talk about my experience of making my first bucket of gold in the cryptocurrency world.
Born in 1995, graduated from university in 2018, started working in Shenzhen, and entered the cryptocurrency world in early 2020.
Currently, I own a house in Shenzhen, no car, no luxury spending, and most of my assets are in the exchange.
I originally worked in e-commerce in Shenzhen, earning around 20,000 to 30,000 yuan a month, with monthly expenses over 10,000. I could save about 10,000 to 20,000 a month. Like many 'migrants in Shenzhen', I also wanted to buy a house in Shenzhen.
However, with this level of income, saving for a down payment felt like it would take forever; my job income had a bottleneck, and it was hard to get a raise.
It wasn't until I got involved in the cryptocurrency world that I realized I could use the leverage of virtual currencies to multiply my assets!
I was relatively lucky; when I entered the cryptocurrency world, it happened to be the early phase of a bull market. I used most of my savings to go all in on digital currencies, buying a large position in ETH, along with a small amount of BTC, and some miscellaneous altcoins.
I added to my position a few times during major corrections and then didn't operate much anymore. I also didn’t sell during the major crash on May 19 and added to some promising altcoins.
Until November 2021, Bitcoin broke the historical high of $69,000. At that time, market sentiment was very high, and many people believed it would break $100,000, but in fact, $69,000 was the peak of this bull market.
By the end of November, I saw the market trend weakening and inferred that the bull market was likely over, so I cleared most of my positions. At that time, Bitcoin was around $58,000, and Ethereum was around $4,400.
It turns out that this was a very wise choice, while some retail investors with 'multi-head fantasies', shouting 'eternal bull market', and clinging to 'tail-end market trends', have now been caught off guard.
After the bull market in 2021 ended, I had about 12 million+ RMB in my capital account.
I put down 4 million for a down payment to buy a house in Shenzhen (after graduation, I transferred my household registration to Shenzhen, and after paying three years of social security, I became eligible to purchase a house), cashed out 2 million for daily use, and left the remaining 6 million in the exchange.
To summarize my advantages:
1. Relatively large principal, with continuous cash flow support.
2. Appropriate entry timing and buy/sell points.
3. Only trade when there is high certainty, and reduce trading frequency.
4. Do not use contract leverage, do not borrow, maintain a good mindset.
In the cryptocurrency market, money is made from cycles. The timing of entry, entry and exit points, project selection, position allocation, and principal amount will all affect your profits.
Continuing to fight alone and relying on luck to make money will ultimately lead to losing based on skill, getting swept away in the market tide!
The market never lacks opportunities. The question is whether you can seize them; following the right people is key to surviving in the market long-term and earning more!
Want to double my account, want to enjoy big profits, want to successfully recover my investment.
Follow Sister Xin closely and position yourself in advance for the main bull market wave!
