One of my friends. Coincidentally, he got rich selling coins. The year before last, he bought a row of villas in Shenzhen, paying in full without a mortgage, and he is a post-90s.
This friend was originally a programmer who made a lot of BTC playing games in his early years. Later, he sold off gradually and finished selling everything in 2020. According to him, he made over 50 million from selling coins. The real number is probably known only by his family. After making money, he even sent his younger brother, who is in college, to the UK for a better education.
Not long ago, I had a meal with him. He is very low-key, driving the same Crown car for six years without changing it. He doesn't own a single luxury item.
When I asked him about some insights on trading coins and stocks, his words enlightened me: Never envy those who become rich overnight in the crypto world; they are the chosen ones, destined to be, earning money in crypto is half skill and half luck. What you need to do is to keep the right mindset. He is very glad he sold his coins early; otherwise, the risk of selling large amounts in recent years has been very high.
Currently, his investment portfolio is: 50% bank time deposits + 30% stocks + 20% active cash. A solid state of financial freedom.
Sharing this example with everyone, what I want to express is: Speculation or investment determines the risk level of your funds. Playing with no more than 20% of your assets in crypto, even if you incur losses, it doesn't matter. When a big market occurs, act decisively, take profits and stop losses immediately; perhaps one day, Lady Luck will smile upon you.
I have 15 years of trading experience in the crypto world, I can't be considered a big shot, and I have also fallen into traps. I have paid a lot of tuition and have experienced the glory of earning seven figures overnight.
Never follow the crowd; in the crypto world, experience > fundamentals.
Regarding the trends in the crypto world in 2023, I won't make predictions because there are too many unknown factors, and blind predictions are meaningless.
Always maintain a sense of awe towards future risks.
