The miracle of compound interest: How did the Bit King use $1,500 to leverage 23.97 million?
The Bit King is one of the most legendary traders in the history of the currency circle. He started with an initial capital of $1,500, and with precise judgment and extraordinary courage, he eventually made his account an astonishing $23.97 million, equivalent to about 170 million yuan. This achievement has not been matched so far, and it has become a myth that is difficult to replicate in the currency circle.
Although the Bit King rarely discloses his trading strategies, we can still capture some valuable experiences from his early interview clips and social media dynamics. Although these scattered "fragments" are not many, they contain profound trading wisdom.
He once admitted that the process of earning the first 10 million was the longest and most painful. During that time, his trading system went through countless re-starts, and it took a full year and a half to gradually take shape.
However, as the system matured, his wealth accumulation speed began to grow exponentially: the second 10 million took only three months, the third 10 million was shortened to forty days, and the fourth 10 million took only five days. What's even more amazing is that 75% of his assets were realized in the last six months.
This process perfectly illustrates what Buffett calls the "compound interest effect" - the growth of wealth is not linear, but the later it is, the stronger the explosive power. It is this magic of compound interest that made Bit King quietly climb to the top in 2022 and become a monument in the currency circle.
Bit King's influence far exceeds that of other well-known traders in the same period, such as Fat House and Banmu Xia. Every operation of his affects the hearts of countless investors, and more than 100,000 people look forward to it every day, trying to capture the market trend from his long and short choices. In that era of complex information, Bit King is like a guiding light, illuminating the way forward for countless confused investors.
Although the market is a little sluggish now, it will come again. Just wait for the opportunity of correction. At that time, I will lead everyone to aim at the huge profit opportunities of copycats to buy the bottom and arrange the spot. It will definitely be no problem to double the money. Like + leave a message, and I will lead you to seize the great opportunities of this round of bull market.
