What you think the cryptocurrency world is like is putting in ten thousand yuan, ignoring it for ten years, and then being able to sell it for one million. But the reality of the cryptocurrency world is often that if you invest ten thousand yuan, you might only have five thousand left the next day. You might toss and turn sleeplessly that night, and even during the following year, every time you wake up to use the bathroom, you can't help but check the app to see the market. After enduring a year, your coins might fluctuate between 1,000 to 6,000 in value. You make up your mind to cut losses and exit when it hits 9,000. But the result is often that just a few days after exiting, it skyrockets to 5 million.
Take Dogecoin (DOGE) for example, it has performed relatively well, at least in the short term (one or two years). Some say it has infinite issuance and there is a divergence between volume and price, suggesting it may be cut in half. In fact, you can borrow some methods from stock trading to participate in virtual currency trading, but you cannot completely replicate that approach. Virtual currency is not like fiat currency; it does not have credit backing and is not supported by state coercive power. So how has it managed to exist until now? The reason Bitcoin (BTC), Ethereum (ETH), and others have developed to this point is indeed consensus, but that does not mean there are no risks.
This month, Bitcoin (BTC) broke through 75,000, 80,000, 90,000, and 99,000 successively, indicating high market enthusiasm. Some even predict it will soon reach 200,000 per coin. I once, like most people, held Bitcoin (BTC), and not just a few, but 100 coins.
Follow me, and I might help you understand some 'passive income' opportunities in the cryptocurrency world. However, it must be clear that trading cryptocurrencies is highly risky. I transitioned from part-time trading, side trading to full-time trading, achieving what is called 'work freedom,' but this is just an individual case and does not represent the general situation. Wealthy people appear relaxed because they have a certain economic foundation, and their decisiveness may also stem from their ability to bear certain losses, but this does not apply to everyone.
In the market, many ordinary investors (commonly referred to as 'chives') have basically exited, and the chips may be concentrated in the hands of a few large fund holders (big players). They can easily manipulate the market through methods like wash trading, which also increases market uncertainty.
It is particularly important to remind you that if you have nothing, it is not advisable to easily engage in cryptocurrency trading. Even if you participate, you must be cautious. Some say buying spot is better than trading contracts, but this does not change the fact that virtual currency trading is high-risk. It is definitely not the easiest way for young people to gain wealth, and such claims can be misleading.
The development of the digital economy is a trend of the times, but this does not mean one should distance themselves from the real economy. The real economy is the foundation of the economy, and the digital economy and the real economy complement each other for better development. The view of 'keeping pace with the times while distancing from the real economy' is incorrect.
If you really want to step into the cryptocurrency world, choosing a compliant trading platform is crucial. Otherwise, you may fall into a scam or a shady platform, leading to total loss of capital. Currently, there are some digital currency exchanges globally, but it should be noted that our country explicitly prohibits speculation activities related to virtual currency trading, and related transactions are not protected by law. Therefore, participating in any virtual currency trading requires careful consideration, and do not easily believe in so-called 'shearing sheep' claims to avoid damaging your own rights.
