First of all, congratulations to the old investors who have been waiting for the bull market, and also congratulations to the newcomers. The day when the Bitcoin price breaks through 70,000 is coming for you to make big money (when it breaks through 90,000, the price of the copycat will skyrocket)
Don’t be too happy too soon. Do you think you can make money by playing crazy bull market? I entered the market at the end of 2017. I have seen many people around me who lost everything. Some of them have never made a lot of money. Some of them made a lot of money but vomited it all back. Only a few of them can actually withdraw the money.
I will describe my experience as a new investor based on my own experience. My experience is also what new investors will definitely experience.
In 2017, I entered the market with 40,000 yuan of salary, and I took out 20,000 yuan from stocks to rush into the cryptocurrency circle. At that time, I used a Hong Kong exchange, which should no longer exist now. At that time, Bitcoin broke through 8,000 US dollars, and all altcoins began to soar. I remember that the first coin I bought was Dogecoin. It should be 0.001u at that time. It rose by dozens of points after I bought it. I was so happy and thought I was awesome. But then Dogecoin went sideways for a few days, and other coins soared, so I chased the rise of other coins, and made money from the coins I chased. Soon 60,000 became 100,000. I was so awesome that I walked with the wind, thinking that I would soon make 1 million. So I continued to chase the rise, and I would rush for whichever coin was rising sharply. As you can probably imagine, the coins that rose sharply also pulled back sharply. After they pulled back by dozens of points, I was scared, so I sold my shares and ran away, and continued to chase other coins that had skyrocketed. After this process, only 40,000 yuan was left of my 100,000 yuan, and I lost 20,000 yuan. The more I thought about it, the angrier I got, and the angrier I got, the more I wanted to get my money back quickly, so I went to the square to see the coins recommended by big Vs, and followed them to rush. As a result, after the big V made the order, the price did rise instantly, but it fell back within a few hours, and the price was even lower than before the order was made. Yes, I was standing guard on the top of the mountain, and I lost another 10,000 yuan, so I decisively sold my shares and ran away. Having said so much above, let me summarize two points
1. Don’t chase the ups and downs, just hold on to the coins you have
2. Don’t trust the big Vs who shout orders, they just want to dump the goods on you
I didn't make any money in the bull market in 2017, and I lost all my capital. After that, I continued to work and did some online trading. I gradually invested all the money I earned into the cryptocurrency circle. I would cover my position as soon as I had money. I only bought one coin, EOS, which was said to surpass Ethereum at the time. By 2020, I had accumulated 10,000 EOS. As a result, in 2020, Bitcoin broke through 20,000, and later broke through 30,000. The bull market began, but it had nothing to do with me, because I only had EOS. Other coins were skyrocketing, and EOS was like dead. It started at the tail end of the bull market, and it didn't rise many times. It was far behind other coins, which led to me not making any money in the early stage of the bull market. Later, I couldn't help but sell EOS and bought LTC, which doubled to 140,000. I then switched to uni and made more than 3 times the money, which reached 500,000. Later, I encountered CHR and made 7 times the money, which reached 3.5 million. After saying so much above, there are only two points to summarize.
1. Never put all your eggs in one basket
2. The popular coins generally don’t have such a sharp increase, but it is the unknown ones that can make a big splash.
That’s all I have to say. I hope that all the newcomers who read this article can achieve financial freedom.
#新人必看 #新人入场 #新人入坑