My Cryptocurrency Journey: Investment Insights from 60,000 to 8-Digit Wealth📌
My Background
I entered the cryptocurrency space with an initial capital of 60,000, and by 2023, my assets have surpassed 8 digits.
I have been trading cryptocurrencies for 6 years, experimenting with various strategies including long-term, short-term, and swing trading, and I have a deep understanding of market dynamics.
💡 Core Understanding: Survival Rules in Cryptocurrency
10,000 Hour Rule: It takes 5 years of working 8 hours a day to achieve stable profits, but there will definitely be major pitfalls within 10 years, so don't take excessive risks.
High Risk of Contracts: Many people become wealthy through high leverage, but a bear market can wipe them out; don’t just look at others making money.
Trend > Human Nature: During major market movements, emotions can easily lead to irrational judgments.
🔑 Key to Success: Change Yourself
In the cryptocurrency space, you can't change others, you can only optimize yourself.
Result-Oriented: If you lose money, you need to analyze the reasons; if you make money, summarize the methods.
Thinking determines behavior, behavior determines results; avoiding problems will only lead to repeated failures.
🚨 Three Mindsets to Abandon
Gambling Mentality (“This time might be different”)
Get-Rich-Quick Fantasy (“A single bet for financial freedom”)
Trading Outside of Knowledge (“If others buy, I’ll buy too”)
✅ Habits of a Qualified Investor
Before each trade, ask yourself:
Do I really understand this asset?
What is my basis for decision-making?
Is my risk control plan in place?
Can I withstand the worst outcomes?
Regularly review: Retain effective strategies and eliminate erroneous behaviors.
🌟 Final Thought
“As long as you want to change, it’s never too late.”
