Can investing in cryptocurrencies really make you rich?
My real experience when I first came into contact with the cryptocurrency world was that I was attracted by its mysterious aura, which seemed to be full of infinite possibilities.
When I started researching various cryptocurrencies, it was truly dazzling. Bitcoin is the big brother of the cryptocurrency world, with extremely high recognition, while Ethereum has its unique smart contract features, seemingly boundless potential. I also researched Dogecoin, Solana, Aave, and so on. In the end, after synthesizing various information, including their market recognition, technical characteristics, and the development teams behind them, I chose to initially invest a small portion in Bitcoin and Ethereum.
I pay attention to various news and information about the cryptocurrency world every day, such as policy changes, major institutions entering or exiting the market, and updates on technology. I am particularly cautious, considering whether to temporarily sell part of my holdings; when new technologies may broaden the application scenarios of certain cryptocurrencies, I contemplate whether to increase my position. This process tests my psychological resilience, as I constantly weigh risks and rewards.
【Earnings Situation】
Speaking of earnings, it truly has its ups and downs. When the market is favorable, my assets soar. I remember a period when the price of Bitcoin skyrocketed, and my investment returns reached several times in the short term; I was really excited, feeling like I had found a shortcut to wealth. However, the market will not always be bullish. When the market falls, the speed can also be astonishing, and previous gains may quickly evaporate. Therefore, in the long term, although there have been considerable gains, overall it is also full of uncertainty.
Throughout this investment process, my mindset has also undergone significant changes. At first, when making money, I felt a bit euphoric, but when faced with losses, I would fall into self-doubt, worrying about whether I would lose all my money. However, I gradually learned to adjust my mindset and not to be overly excited or depressed by temporary fluctuations. I set stop-loss and take-profit points, and when these points are reached, I firmly execute my operations, not allowing greed or fear to sway me.
So, friends in the cryptocurrency world, make sure to do thorough research and not let the fantasy of getting rich cloud your judgment.
