For me, the Bitcoin investment journey from 2021 to 2024 was a psychological battle intertwined with greed, fear and growth. At the beginning of 2021, I entered the market with my belief in "digital gold". At that time, institutions such as Tesla bought Bitcoin in large quantities, and the price soared from US$30,000 to US$69,000. The excitement brought by the floating profit in the account made me continue to increase my positions. However, China's regulatory policies suddenly came into effect in November, and a 30% plunge in the market in a single day instantly wiped out all my profits. I closed my positions with trembling fingers while watching the market late at night, and I experienced the cruelty of the market for the first time.

2022 became the darkest moment. The collapse of FTX triggered a chain stampede, and my positions fell from a cost of US$40,000 to an abyss of US$15,000. During this period, I even uninstalled the trading software to escape reality. But the Terra collapse incident made me start to study on-chain data, learn to judge market sentiment through the NUPL indicator, and gradually understand the true meaning of "others are fearful and I am greedy". I started a fixed investment strategy in 2023, building positions in batches in the fluctuation range of 20,000 to 30,000 US dollars. After seeing the news of the approval of the Bitcoin ETF, I finally regained my confidence.

The epic market in 2024 proves the value of persistence. When Trump's policies pushed Bitcoin to break through $90,000, I was not carried away by FOMO sentiment, but strictly implemented the profit-taking strategy and cashed out in batches in the $82,000 area. During these four years, from blindly chasing rising and falling prices to establishing trading disciplines, from emotional operations to paying attention to macroeconomics and on-chain data, Bitcoin not only taught me risk control, but also allowed me to achieve the nirvana of investment cognition amidst the ups and downs. #加密市场回调