Speaking of Li Xiaolai, you should know something about him, right?
Everyone knows that Li Xiaolai once sat firmly on the throne of the richest man in Bitcoin. But few people know that as early as 2011, he bought 2,100 BTC at an average price of $6 per BTC. However, the price of Bitcoin subsequently plummeted to below $1, and his assets shrank significantly, once decreasing by 97%. At that time, he was filled with endless melancholy and helplessness.
Let's talk about Zhao Changpeng, the founder of Binance, a name you must be familiar with.
You only saw his glory on the Forbes rich list, but you never knew about his amazing move in 2014 - selling his house in Shanghai and buying BTC with all his warehouses. However, Bitcoin did not soar as he wished, but instead ushered in a sharp drop, which made him deeply regretful and helpless.
Zhao Dong, this name is also well-known in the currency circle.
When you mention him, you may think of him as a big boss in over-the-counter trading. But did you know that in 2013, he spent 1 million to buy 2,000 BTC, and his assets quickly climbed to hundreds of millions. However, the good times did not last long. In 2014, he had three liquidations in the futures market, with a total loss of 1.5 billion and a debt of 60 million. At that time, he undoubtedly experienced the most devastating moment in his life. But fortunately, he survived that difficult time and ushered in his own spring.
In this industry, you can often only see the immediate benefits, but it is difficult to predict the future market value. Because:
1. The decline of the market often has no bottom line, which makes people elusive.
2. The rise of the market is also boundless and full of infinite possibilities.
3. If you cannot bear the panic and blow of your assets turning from 1 million to 100,000, then you will not be able to enjoy the great blessing of your assets jumping from 1 million to 1 billion.
