I made 12 million in the last bull market.
Let me share my experience of earning my first pot of gold in the crypto space.
Born in '93, graduated from university in '16, started working in Shenzhen, and entered the crypto space in early '18.
Currently, I have a house and a car in Shenzhen, no luxury consumption, and most of my assets are in the exchange.
I originally worked in e-commerce in Shenzhen, earning 20,000 to 30,000 per month, with monthly expenses over 10,000, saving one to two thousand per month. Like many 'Shenzhen drifters', I also wanted to buy a house in Shenzhen.
However, with this level of income, I don't know when I'll be able to save for a down payment. Work income has bottlenecks, and it's hard for salaries to rise.
It wasn't until I got involved in the crypto world that I realized I could use the leverage of virtual currencies to multiply my assets!
I was relatively lucky; when I entered the crypto space, I coincidentally hit the early stage of a bull market, using most of my savings to invest heavily in cryptocurrencies, buying a large position in ETH, along with a small amount of BTC and some miscellaneous altcoins.
I added positions during several major corrections halfway through, and then I didn't operate much anymore. I didn't exit during the massive drop on May 19 and even added some promising altcoins.
Until November 2021, Bitcoin broke its historical high of $69,000. At that time, market sentiment was very high, and many believed it would break $100,000, but in fact, $69,000 was the peak of this bull market.
By the end of November, I observed a weakening trend in the market and inferred that the bull market was likely over, so I cleared most of my positions. At that time, Bitcoin was around $58,000, and Ethereum was around $4,400.
It has proven to be a very wise choice, while some retail investors with 'bullish fantasies', shouting 'eternal bull market', and being greedy for 'tail-end trends' are now trapped and confused.
After the bull market in 2021 ended, my capital account had about 12 million + RMB.
I took out 4 million for a down payment to buy a house in Shenzhen (after graduation, I changed my household registration to Shenzhen, and after paying social insurance for three years, I became eligible to purchase a house), 2 million for daily use, and left 6 million in the exchange.
To summarize my advantages:
1. Relatively large principal, with continuous cash flow supply.
2. Appropriate entry timing and buy-sell points.
3. Only trade at high certainty, reduce trading frequency.
4. Do not use contract leverage, do not borrow, maintain a good mindset.
The cryptocurrency market earns cyclical money; factors such as timing of entry, entry and exit points, project selection, position allocation, and principal will all affect your profits.
Follow Dong Ge closely, use precise strategy analysis, and select with huge capital of millions through AI big data to keep oneself invincible? The market never lacks opportunities; the question is whether you can seize them. Only by following experienced people and the right ones can we earn more!
Continuously follow: ZEREBRO SWARMS DEEP
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