If you have made a lot of money in the crypto world, what should you do?
To be honest, I've been in this industry for three years and have seen many tales of sudden wealth, but most of them involve living beyond their means or failing to preserve their wealth.
Today, there is a question: How are your friends who have been in the crypto space for three years doing?
I will write the following answer:
In fact, what everyone sees is a survivor bias. Let me show you some real cases. Over the three years, we count from 2020 until the end of 2023, the friends around me are true acquaintances, not just people I've heard about online. We experienced the bottom-fishing on March 12 and the crash on May 19 together. Mr. Luo, who used to be a waiter in a hot pot restaurant, made over 30 million cash before 2019 when the market opened. He bought at least ten houses in a small county, purchased three Cayennes, and owned several commercial properties in downtown Chongqing, a true winner in life, able to live comfortably wherever he goes. He used to call me 'big brother,' but after getting rich, he started calling me 'brother.' As a result, he wanted to hit a small target. He started a company and invested in FIL, Kia, BZZ, and other mining machines. Suddenly one day, he felt like the money was gone, borrowing everywhere. Due to his numerous assets, lenders were willing to lend him substantial amounts. One day he contacted me to ask for a loan, and he reverted back to calling me 'big brother.' He asked me to help him, wanting to become an OTC currency trader and requested some traffic from me. So I provided him with some resources, and after his repeated thanks, promised me a water dispenser when I decorated my new house. It's been six months since I moved into my new house, and I couldn't wait any longer and bought a water dispenser for 299 yuan. Mr. Luo, as an OTC trader, financed a BMW 5 Series with zero down payment, hired a driver, and brought three younger brothers, feeling like he was going to make a billion. As far as I know, the salaries of the younger brothers have yet to be paid. Why haven't they been paid? Because the younger brother was sentenced to four years, and Mr. Luo was sentenced to five years. $BTC
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