How can one make big money when a bull market arrives?
I made 12 million during the bull market.
After the bull market ended, my capital account had about 12 million+ RMB.
I was originally doing e-commerce in Shenzhen, earning two to three thousand a month, with monthly expenses over ten thousand, able to save one or two thousand each month. At that time, like many 'Shenzhen drifters', I wanted to buy a house in Shenzhen, but with this level of income, I didn’t know when I would be able to save for a down payment. My work income had a bottleneck, and it was hard for my salary to increase. It wasn't until I got involved in the crypto space that I realized I could actually use virtual currency leverage to multiply my assets!
I took out 4 million for a down payment to buy a house in Shenzhen (after graduation, I transferred my household registration to Shenzhen, and after paying three years of social insurance, I qualified to buy a house), cashed out 2 million for daily use, and left the remaining 6 million in the exchange.
To summarize my advantages:
1. Relatively large principal with continuous cash flow support,
2. Appropriate entry timing and buying/selling points,
3. Only trade during high certainty, reducing trade frequency,
4. Do not use over-leveraged funds, do not borrow, maintain a good mindset.
In the cryptocurrency market, money is made from cycles; factors such as entry timing, entry/exit points, project selection, position allocation, and principal will all affect your profits.
