Let me briefly introduce myself. Who am I?I got involved in trading in 2015 and started trading gold on Alipay. At that time, I just wanted to have fun and the amount involved was not large. After playing around for a year, I made a small profit.

I heard about Bitcoin in December 2017, downloaded Gate in February 2018, and entered the market in April 2018. I was lucky enough to meet a teacher who taught me techniques for free when I entered the market in April. The teacher led five people at that time and taught us techniques for free, starting from trend lines, to moving averages, waves, entanglement theory, harmonics, etc. He basically taught all the mainstream techniques in the market. He was the guide in my trading career.

After studying with the teacher for about a year, a senior student said that he was willing to take out part of the funds to join the regular army and start the life of a professional trader.

Because I was the dumbest and slowest to react, and I had caught a small boom when I was young, and I had a little savings, so I had a big problem, paranoia, and didn’t like to think deeply. So I experienced the first major liquidation in my life, and lost two bitcoins in a single transaction.

The time I spent trading with my senior gave me a different understanding of the trading dimension and helped me better absorb the previous knowledge. For various reasons, I chose to leave in 2020, but I still kept in touch.

 

Because my seniors and I all entered the market around April 2018, and I didn’t make much money until the big bull market in 2020.

In April 2018, Bitcoin rebounded, and the copycats were in chaos, unable to make profits and were trapped, and value investing suffered huge losses.

 

I don’t know what happened to the LTC production reduction in 2019. I made some profits from the overall rebound at that time, but I missed the bigger cake. It was just that the market was good and I made a little profit. ETC, BCH, and BSV were also pulled up at that time, but I missed them all. Missing out here refers to the better position and not being fully invested.

 

There was a sharp drop on March 12, 2020, and I bought some stocks, but due to panic, my positions were very small.

It was only after the price of Bitcoin fell from 12,000 to 9,000 that I began to feel something was wrong. As Bitcoin prices rose, the effect of creating wealth through copycats became better and better. I gradually learned to read some blockchain knowledge and combined it with the trading techniques I learned to make a small profit. Do I have any high-yield orders? Of course I do.

These data look very good, right? However, I did not become rich overnight, nor did I get wealthy, because I was timid and sold my larger positions early on, leaving only a small position.

As for my senior brothers who traded with me, some left the market early, some chose other industries, but my senior brother who traded with me, well, is now free. His initial capital was about 100, and the results were very outstanding. Let me tell you about my peers, I was born in 1996.

 

 

The market is a cycle. It is time for LTC to reduce production again, and next year it will be time for Bitcoin to reduce production again.

Although the senior brother had better skills in the early stage, the difference in skills was not that big in the middle and late stages. So what caused the two different results? It must be diligence, deep thinking, passion for the market, and the importance of treating opportunity costs.

The above are the orders with good returns. There are too many that have returns of five or six hundred. Every time the market sees these orders, the most common phrase is that this is an opportunity to make a lot of money.

 

Yes, the opportunity to make a lot of money. My fundamental purpose in coming to this market is to make money. We all know that this market has many opportunities compared to other industries because it is volatile. With volatility, we have opportunities. We always think, if I miss this opportunity, can't I just wait for the next one? This is exactly a mistake.

 

Even in the cryptocurrency world, a big bull market like last year only occurs once every four years, and fluctuations in a daily cycle may occur only twice a month.

 

Therefore, when I do not pay attention to the opportunity cost and always think about the next opportunity, then we will never be able to seize the current market, because the essence is that we do not pay attention and only think about the next time.

 

Not only in trading, I also encountered some opportunities in life but I didn’t seize them perfectly. I mentioned earlier that before I entered the trading market, I had caught a good opportunity. At that time, I was in a third-tier city, and my monthly income should have been able to squeeze into the top 1%. I always thought that this good time would last for a long time, and I didn’t think about doing business crazily while the industry was doing well. I always felt that this kind of day would last for a long time. When the good days are gone, I can only look back and miss them.

 

Therefore, opportunities are not only given to those who are prepared, but also to those who value them. I hope everyone can value every opportunity in the market and even in life, because once missed, this opportunity will really be gone.

 

I hope everyone will not miss every opportunity and wish everyone good fortune in 2023

#Crypto2023#BTC#LTC