In the past few days of sharp decline, everyone has had a deep experience. Many people are heartbroken, many are numb. I have seen many posts in the square, with many people deeply in debt.
I learned about Satoshi Nakamoto and Bitcoin back in college in 2008. After college, I worked in a bank, engaging in payment clearing, corporate business, auditing, and financial markets, and my awareness of risk is still quite strong. In 2014, I also tried to mine with a home computer, though I don't remember much, but it gave me an early and systematic understanding of this field.
After Musk called for doge in 2021, I made a small profit of a few thousand. Before and after Trump's second election, I bought doge again and made a small profit of a few thousand. However, in the past few days, it should be considered that I lost it all, but it was only a few thousand dollars, a few hundred U.
My understanding is that the cryptocurrency industry is not like before, when there was not much understanding from all walks of life, and there were not many funds from traditional financial institutions entering; it was in a relatively pure development state.
In recent years, as the price of #BTC gradually broke through the $100,000 mark, many people who were originally unfamiliar with it crazily joined in, accelerating the surge of various altcoins, especially Trump's so-called cryptocurrency national reserve strategy and his own issuance of #TRUMP , which made us even crazier.
However, you should understand that this is indeed a very difficult industry to regulate. Some of the big names in the industry were originally a group of people struggling to make ends meet, but their choices led them to success.
However, we must also see the probability. In a traditional industry, successful experiences can relatively be learned or copied. For example, classmates around me making money through e-commerce in earlier years were indeed replicable.
At the same time, in the financial industry, centralized investment products are indeed relatively stable, but even so, we have seen how many people have fallen into the abyss of the stock market in recent years and cannot extricate themselves! How many people have gone bankrupt due to futures and other products.
The easier it is to get rich, the lower the probability of success. Ask those big shots in the square how much hardship and loss they have endured. As a newcomer, as a debtor, why do you think you can achieve fame in one battle? Why? Ask yourself more!
Since you are heavily in debt, you should first stabilize your life and think more about your family!
Since you are heavily in debt, you should understand: no success can be achieved with stable returns in the short term. As the old saying goes, three years is considered an entry level in an industry, five years is a familiar stage, and ten years is considered accumulation and some success.
Since you are heavily in debt, calm down, focus on learning, opportunities will always be there, and it's never too late to make money by accumulating knowledge!
Also, I advise debtors to be responsible for themselves at this time, think about what they are most suited for, what they are good at, and whether they can still keep learning and remain calm under such great pressure to start again???
What is really the most important thing?!