Let me talk about myself. In 2017, I caught the bull market and earned my first 10 million right from the start. After that, I became reckless and lost all my earnings. After a few years of adjustment, I started to quit my job and trade cryptocurrencies.
Regarding my own experiences, I divide them into four stages based on time.
Stage One (2016-2017). Ignorance is fearless; I made so much money that I lost my rationality. I entered the crypto world in 2016 (first contacted in 2013), and caught the bull market in 2017 with an initial investment of 100,000, which peaked at over 10 million. Two memorable tokens were GXChain (GXS) and NEO (previously Antshares). I participated in the private placement of 2 BTC when BTC was 6000 each, and it opened at 3 million. For NEO, I bought 10,000 coins at 1 each, which later rose to over 1000, making one coin worth over 10 million. Then I became overconfident, thinking I could do anything. I thought, why not set a small goal and aim to earn 100 million? Once I hit that, I would stop trading. And then… the story of someone full of desires and feeling invincible, who was thoroughly taught a lesson by the market.
Stage Two (2018-2019). Reflecting on myself, it was just because the market was too good. I was lucky to be on the trend; to put it simply, I was a pig on the wind. Taking off was inevitable. The second lesson was about controlling funds. Small funds have their own way of playing, and large funds have theirs. You cannot think with a small fund mindset when playing with large funds, or it will end badly. After realizing this, I tidied my emotions and redistributed my holdings, clearing out most altcoins and replacing them with BTC, ETH, and USDT.
Stage Three (2020-2021). Rational allocation and timely profit-taking. After experiencing a complete bull and bear market, my mindset became much calmer. Additionally, the crypto market entered another rising cycle, so my assets began to appreciate continuously.
Stage Four (2022-?). Cultivating inner strength and believing in the future. I firmly believe in the future of the crypto market, and it is inevitable that the market size will surpass previous highs. For now, we only need to do one thing: do not exit the market, and continue to hold quality assets. We will definitely reap significant rewards in the future.