Many people, upon hearing about young individuals driving luxury cars and buying buildings, automatically assume they must be wealthy second-generation offspring.
I have a fan who found me in 2019 in Fujian; at that time, he was not even twenty years old and had just over ten thousand yuan in savings.
He came from a rural background, worked odd jobs for several years, and saved up a bit of money, which amounted to just over a thousand USD. To be honest, what can you achieve with this amount of capital? Most people might have already squandered it. But he gradually built it up little by little.
The process was not smooth. At one point, he made 3000 USD, got overly ambitious, and within less than an hour, he was down to only 500 USD. He almost broke down, but in the end, he gritted his teeth and persevered.
Now he owns a building in Fuzhou, and the rental income he receives each month is significant.
You might think this sounds like bragging, but I know very well that behind him are over 2900 days and nights of persistence and hard work.
To summarize, what has brought him to today is not luck but four very simple principles:
First, a bull market is not "gold coins scattered everywhere to pick up."
He never buys recklessly but instead focuses on one sector, only participating in the main upward trends. When a new concept emerges, he studies the leading stocks and those that will catch up; as long as he catches the right wave, he can seize the entire market movement.
Second, buy new, not old.
Cheap old coins may seem like an opportunity, but most of them are just scrap metal. The market always chases new stories and new popularity; he will not let nostalgia trick him into losing money.
Third, contracts should be approached with caution.
He has played with contracts before and has lost count of how many times he has been liquidated.
But later, he remembered three points:
- Never go all in
- Never use more than 5 times leverage
- Stop-loss should be as natural as breathing
Fourth, cycles are ironclad rules.
He cleared out of the altcoins earlier than many. Because he understands one thing: when everyone makes money in a bull market, it is often the peak. Better to exit early than to be buried alive by a bear market.
Relying on these simple methods, he has managed to grow from just over a thousand USD to achieving financial freedom.
If you truly want to survive in the cryptocurrency space, don’t ask me which coin can make you rich; first, think: can you withstand the drawdown, can you execute?
One tree cannot support a forest; it's better to advance along with the larger group! The direction is already pointed out; it depends on whether you can keep up!
