Made 12 million in the last bull market.
Let me share my experience of making my first bucket of gold in the cryptocurrency market.
Born in 1995, graduated from university in 2018, started working in Shenzhen, and entered the cryptocurrency market in early 2020.
Currently, I own a house in Shenzhen, have no car, and do not engage in luxury spending. Most of my assets are in exchanges.
I used to work in e-commerce in Shenzhen, earning about 20,000 to 30,000 yuan a month, with monthly expenses over 10,000 yuan. I could save about 10,000 to 20,000 yuan each month, and like many other 'migrants' in Shenzhen, I also wanted to buy a house there.
However, with this income level, saving for a down payment seems like it will take forever. Work income has its bottlenecks, and it's hard for salaries to rise.
It wasn't until I got involved in the cryptocurrency market that I realized I could use the leverage of virtual currencies to multiply my assets!
I was lucky to enter the cryptocurrency market just as the bull market was beginning. I risked most of my savings on digital currencies, heavily invested in ETH, along with a small portion in BTC and some miscellaneous altcoins.
After several major pullbacks and over-leveraging, I haven't made many operations since then. I didn't exit during the big crash on May 19 and even increased my positions in some promising altcoins.
Until November 2021, when Bitcoin broke the historical high of 69,000 USD. The market sentiment was very high at that time, and many believed it would break 100,000 USD, but actually, 69,000 was the peak of this bull market.
By the end of November, I noticed the overall 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 has proven to be a very wise choice, while some retail investors with 'bullish fantasies' who called for an 'eternal bull market' and were greedy for 'tail-end rallies' have now been trapped and left confused.
After the bull market in 2021 ended, my fund account had about 12 million yuan.
I put down 4 million as a down payment to buy a house in Shenzhen (after graduating, I transferred my household registration to Shenzhen, and after paying social security for three years, I qualified to purchase a house), cashed out 2 million for daily use, and left the remaining 6 million in exchanges.
To summarize my advantages:
1. Relatively large principal, with a continuous cash flow supply.
2. Appropriate timing for entry and exit points.
3. Trade only during high certainty, reduce trading frequency.
4. Do not use contract leverage, do not borrow, maintain a good mindset.
In the cryptocurrency market, profits come from cycles. Factors such as timing, entry and exit points, project selection, position allocation, and principal can all affect your profits.
The team still has positions available, get in quickly!
Continuously monitor: SUI PEPE DOGE SOL ETH PNUT
