In 2015, I first came into contact with Bitcoin. In 2016, I bought Bitcoin and made my first bucket of gold in the crypto circle. At that time, I wasn't very optimistic about the cryptocurrency market, but I was working in the financial industry and could understand some new things in the market. In 2017, I seemed to have forgotten about buying Bitcoin, and it wasn't until 2018 when a friend mentioned it that I remembered; it was because of this that I earned my first bucket of gold, the beginning of my cryptocurrency trading journey.

Many friends who just entered the crypto circle are losing money; they are all paying tuition fees and can't escape the 28 laws. However, my first bucket of gold was in a profitable state. At that time, I gradually entered the market, later buying spot Bitcoin and Ethereum, as well as some small tokens. There were times when the market dropped significantly; everything was red, and everyone was losing money, considering whether to cut losses and whether the market was failing. After considering that there was still profit, I thought, 'Otherwise, just dump it and stop playing in the crypto circle.' But later, rationality won over myself, thinking that the money was essentially free money, and the worst-case scenario would be to lose back what I gained.

I held on until 2020 when Bitcoin started to rise sharply, and my assets doubled smoothly.

As long as you keep it in hot/cold wallets or exchanges, there is no problem. As long as you can secure your wealth, then it is yours.

But the moment you bring it up, you face two problems: as long as you receive fraudulent funds, whether you know it subjectively or not, whether it's a level-1 or level-2 involved card, assistance and concealment are waiting for you; the dark side of human nature will definitely confront you.

Those who claim to have made tens of millions in the crypto circle are all boasting without exception!

Why do we say that those retail investors who become rich overnight in the crypto circle are all boasting?

Liu Shu has written two articles about retail investors becoming rich overnight in the crypto circle, and none ended well; either they step on sewing machines or face family breakdowns. Yes, it's that serious. This isn’t just sensationalism; this conclusion was drawn from interviewing over ten retail investors who made big money around him.

Many who have not made big money come to criticize me, thinking securing wealth is easy, but they overlook human nature.

Those who step on sewing machines either made millions by luck, but they think it was all their strength, and thus they perish on the road to A85.

Do you know what you need to go through to secure your wealth? First, it’s the process of cashing out, like what this friend commented.

%Archeb

Withdraw from foreign exchanges and go through regular channels to transfer to banks and pay taxes; even drug dealers in America have to pay taxes. It's normal to pay some tax when trading coins and making money. All countries where trading coins are legal impose taxes. Just because trading platforms aren't allowed in China doesn't mean legal income from Chinese tax residents abroad can't be taxed. As the old saying goes, in this world, only death and taxes are unavoidable.

1 hour ago · IP location Guangdong

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The author of 'Currency Merchant Memoirs' is you.

Do you expect a retail investor to have an offshore bank account, plus KYC from foreign exchanges, then find a foreign exchange company or underground money house to bring it back? Can they really do all of this as a retail investor?

If even a retail investor (newbie) can reach these levels, they must have been repeatedly beaten down in the circle as leeks. Once they reach this risk control level, these things become unimportant; they already have many resources in the industry, and any resource can ensure a safe landing.

Today, I want to talk about human nature. The definition of becoming rich overnight is that you were originally a loser who had never seen big money. We define big money as tens of millions.

This is called a poor person suddenly becoming rich; cognition will definitely not keep up. Even if your cognition catches up, your family, relatives, and friends will certainly hold you back.

A colleague who entered the internet circle with Liu Shu, we used to live in a basement, rent a house, carpool. After making 30 million, he stepped on the sewing machine for a year, came back with a million left, bought property, and left the rest to his wife to manage. Then, when he needed money for investments, he asked his wife, who lost all in gambling and only had 500,000 left, which she didn't dare to tell him.

Divorce ended well, and there are still a few properties, not hitting rock bottom.

Your understanding of money determines how much money you can earn. The money you earn, 29 wins don’t equal to more than T! The money you earn must not stay in your pocket for long.

Let me ask you a question, and you must give me an immediate answer without thinking: If you made 5 million in the crypto circle today, what would you do?

If your answer is: I want to buy.

This is the reason you haven't made money. You haven't earned 5 million because you have no concept of money.

Let’s do a test:

What can 1 yuan buy?

What can 10 yuan buy?

What can 100 yuan buy?

What can 1,000 yuan buy?

What can 10,000 yuan buy?

What can 100,000 yuan buy?

What can 1 million yuan buy?

What can 10 million buy?

Answer from top to bottom. At first, your answers will be smooth: 1 yuan can buy an old popsicle; those with children may say to ride a carousel for a few minutes at the supermarket entrance or buy a newspaper. 10 yuan can buy vegetables or three bottles of cola with 1 yuan left. 100 yuan can buy work meals for four days, etc.

The key to this test is that you must give an answer immediately, and the more answers, the better. All answers are correct, there are no mistakes. What can be purchased is not important; what matters is that you can answer many things and where you will get stuck? At which level can't you answer?

The level you cannot answer corresponds to your current wealth level.

If I ask you what 100,000 yuan can buy, and you can't answer immediately, then your monthly salary might be at the previous level, below 10,000.

If you can't answer what 1 million or 10 million can buy, and so on, money equals what. This is the basic concept of money.

This test is very accurate because you have never owned this money, so you have no concept of what it can buy. If you have no concept of this money, it proves you have never owned it.

The money in your pocket will never exceed what you can understand.

That's why Liu Shu dares to say that those retail investors who claim to be rich overnight and secure their wealth are all boasting, because they fundamentally do not understand the difficulty of securing wealth.

Let's look at two data points from this article: approvals are 5684, collections are 4485, and comments are 923, with most being trolls. Most trolls are teaching others how to safely cash out.

In total, there are 600 approvals and 999 collections. In fact, many in this group have experienced life-and-death events, and those who collect definitely haven't made big money yet; they are just collecting to close the pit. This group is preparing for making money in the future and is willing to learn.

Those who think they can do anything and have mastered a method definitely haven't made big money. They truly comment out of ignorance of the role of money and human nature, thinking that if they have mastered a single method, they can be safe, which shows they haven't understood the importance of money.

Unfortunately, none of those who criticize me have ever made big money. This is the reality.

It's still a human nature; they have never had the awareness of money, not realizing how important this thing is. If they really secured their wealth in the crypto circle, they would definitely lose it elsewhere.

At first, it was blind investing, opening hotels, hot pot restaurants, women opening coffee shops, buying luxury cars and houses.

They mistake luck for their strength. For example, Liu Shu's former hot pot restaurant waiter, Mr. Luo, used to call me 'brother,' but after becoming rich, he called me 'bro.'

After making 30 million, he vowed to earn 100 million, and while drinking, he once boasted he would never mix with these poor people again. Thus, he invested in FIL, Kia, and BZZ mining machines, now stepping on the sewing machine, graduating after three and a half years.

All assets were auctioned off by the court, my wife owes over 2 million in bank loans and cannot repay, my young girlfriend has become a streamer.

So what must you do after securing money made by luck?

1. You need to have a lot of inflow and less outflow, so-called increasing income and reducing expenditure.

2. Change from active inflow now to more passive inflow in the future.

Only by implementing your awareness into financial behavior can you do well in these two things: learn moderate financial and financial knowledge. The poor can become rich. If you can read Liu Shu's article and think deeply, that's already a huge progress.

After making money, don’t invest blindly. Always remind yourself that this is money earned by luck, not by your strength. What I need to do is to maintain this wealth and adopt a beginner's mindset to start from zero.

10 million, deposit it in a fixed account for five years, and earn about 300,000 a year. Don't make any investments or manage finances. Didn't Liu Shu just tell you to learn financial management knowledge? Why now say not to manage finances?

It's good that you can think, I told you to learn financial management knowledge, but I didn't tell you to manage finances.

This is a real friend of mine. He listened to Liu Shu's advice and secured 15 million, but was misled by a bank assistant to invest 5 million in wealth management. Over two years, he lost about 1000 yuan daily.

In 2021, Liu Shu brought him into the crypto circle. After making money, last October he told him to cut losses in the fund and buy Bitcoin. The common trait of leeks is to run away immediately after breaking even, losing money while holding on.


When wealth and cognition do not match, your money is just a number.

All of the above content is just one's own cognition, which can cause you to lose a large part of your money.

As for your family’s understanding, let’s not mention it. They have no idea how hard it is to earn your money. They will have retaliatory consumption after becoming rich, thinking that you’ve made so much money, so using a bit and buying things is nothing.

Fell into the trap of capital, wanting what school district housing, middle-class studying abroad, opening a store for business, you ask her about the underlying logic of doing business? They can't answer, thinking that just buying goods and selling them is enough.

I asked her what if the goods can't be sold? They couldn't answer that either.

What do the poor like to do and what is easy for them? You must do the opposite.

Do the opposite of your previous poverty habits. When you were poor, your general lifestyle and way of dealing with things were like that, and then do the opposite.

Simple and brutally anti-human.

Of course, you also need to guard against your so-called relatives borrowing money, so I suggest you act as a business manager for a loan company. Whenever someone comes to borrow money, say, 'Thank you, brother, for supporting my work. How much do you want to borrow? Bring your credit and materials to my office; I, as a loan manager, will absolutely get you sorted out.'

What? You don’t want to borrow from the bank? You have to give me face to borrow?

Then I have to thank you.

Don't worry, your brothers and relatives won't borrow money from you because borrowing from the bank incurs interest, and they don't want to end up on the blacklist. It's fine to be on your blacklist, but being on the bank's blacklist, they won't like that.

Deposit your money in a bank for fixed terms, pursue different beautiful women to keep active, and don't be afraid of failure. If you fail, just change to the next one.

This is another way to maintain your passion and confidence for striving. You don't need to spend much money because the money is in your fixed account, which gives you confidence. You can show it to beautiful women, but you don't need to spend it on them.

When taking a taxi, give the driver an extra 5 yuan, tip the delivery person 5 yuan, and give the technician at the bathhouse an extra 200 yuan. If you find what Liu Shu wrote useful, appreciate him with an 88 yuan red envelope; this reflects your perspective and can make everyone happy for a whole day.

Today, I’ve written almost enough. As long as you have earned money that made you rich overnight, most people will lose it to some extent. This is human nature. The only thing you need to do to maintain wealth is to have a beginner's mindset, abandon all so-called ineffective socializing, provide your family with the most accurate economic concepts, and make good plans for three to five years, putting money in fixed bank accounts.

Start over and strive hard; this is the only way to maintain your wealth.


I have seen too many cases of becoming poor after overnight wealth, and after hitting rock bottom, most people can't get back up because the blow is just too great.

Most people cannot rise again, why do we have to do this? Right!

And those who criticize me are unfortunately still in the first stage, the stage of not making money. They cannot experience what happens when money comes into their own pockets.

The regret is that you have mastered all the financial knowledge and human nature, as well as all the safe cashing methods, but you haven't made any money.

This is the trading experience that Brother Wen shared with everyone today. Many times, you lose many opportunities to make money because of your doubts. If you don't dare to try, interact, and understand boldly, how can you know the benefits? You only know how to proceed to the next step after taking the first step. A warm cup of tea, a piece of advice, I am both a teacher and a friend who can talk.

Meeting is fate; knowing is destiny. Brother Wen firmly believes that fate brings people together, while missed encounters are destined. The road of investment is long, and temporary gains and losses are merely the tip of the iceberg along the way. Remember, even the wisest can have missteps, and even the foolish might have gains. Regardless of emotions, time will not stop for you. Pick up your inner frustrations and stand up to move forward.

#币安八周年 #趋势交易策略 #美国加征关税

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