This is not a cautionary tale of going bankrupt after getting rich, nor is it a story of turning over a new leaf after entering the crypto space, but a common story of an ordinary person in the crypto world.
The crypto world resembles a novel about tomb raiders, digging for gold; the common feature is getting rich overnight but with inherent risks.
1. Crypto Stories
I first heard about Bitcoin from Teacher Li Xiaolai; at that time, influenced by mainstream media, I followed the mainstream view that it was a Ponzi scheme, thinking those who played Bitcoin were foolish, and I wouldn't be deceived; that year was 2019.
It wasn't until I truly entered society and read extensively on Qihu that I realized the essence of this society is like this, and I am just one of the many.
I can't help but sigh: I actually missed such an opportunity, yet only realized three years after entering the circle that even if given the chance, I wouldn’t be able to seize it.
2. My Crypto Journey
I started to get in touch with Bitcoin in a certain month of 2015.
I began my gambling/trading career.
What truly attracted me to enter the crypto market was the crypto celebrity Liangxi. Many people still feel the same. He did something; in one night, 2000 yuan turned into 20 million. If you don’t believe it, it indicates you are an outsider.
The dream of getting rich overnight inevitably attracted the attention of many outsiders through this case. Like winning a lottery jackpot, the uniqueness of this market is that it doesn't entirely rely on luck, and it’s almost free; there are no obvious dark sides. Everyone can make money based on their own 'strength'—because you can buy and sell freely, without waiting for lottery numbers to hit those almost impossible odds.
The subsequent stories of Liang include bankruptcy, debt, and a fall that align with public sentiment. In contrast, there are stories of others who made millions, tens of millions, only to face a wave of liquidation and bankruptcy, while others lost an amount of money, only to earn back a certain amount in a bull market.
Entering the crypto space with ambition, I have always been a passerby. Even though I worked so hard to study trading techniques and almost created an account in the trading field, I eventually got scared and deleted those 'useless' articles, even though they could provide me with traffic.
If I can't handle technical analysis for contracts—then it's just gambling. If I can’t even win at gambling, what can I do?
2. If Time Could Turn Back
Teacher Li Xiaolai mentioned the concepts of dollar-cost averaging and compound interest a long time ago; he is a long-term thinker. However, as an ordinary person, I couldn't endure accumulating compound interest over the years, and being too impatient naturally led me to forget about it.
The book 'Active and Passive' mentions 'the power of penetrating time,' cyclical trends, and cycles. This year, after entering the circle, I finally understood the meaning of this phrase.
At the end of 2021, Bitcoin peaked at 69,000 USD, then dropped below 20,000, and now it has risen to 72,000 again. Such cycles have long been played out in the crypto space, but few people can grasp them.
Among them, altcoins have emerged with tenfold or hundredfold increases.
Due to job instability combined with contract gambling and lack of capital, I had the opportunity to get into this money-making wave, yet like most people, I lacked the patience and exited after just a few points.
I missed the opportunity; this is a story sadder than a total loss.
People will learn some lessons,
Looking back with hindsight
If I had a stable source of income back then, I would have invested at least 30k a year.
If I hadn't touched high-leverage contracts back then, buying more as it dropped from 20k to 70k with 3 times profit, plus single-digit leverage dollar-cost averaging.
If this continues as compound interest, casually withdrawing part of it could allow for a carefree life for several years. Putting effort into the internet may yield some small achievements.
After two years, with at least 50k in capital and 5 times profit, that's not too little.
If in a few years Bitcoin reaches 100k, how will we look back then? Achieving a net worth of a million in this life is not a dream, and just relying on screwing bolts would never bring that, right? This should guarantee freedom for a long time; being low-key, I won't have to sell my time again in this life.
Of course, all of this is meaningless if there are no prospects for the future.
Truly believing in the power of time, choosing good target products, and waiting.
Those who have personally experienced a bull and bear market at least once will always remember it deeply.
So, if the above becomes reality, starting from now is the future.
Achieving a million in this life might be possible before 30—previously, I even thought to achieve it within a year.
Following nostalgia closely, analyzing with precise strategies, and selecting with huge capital of millions using AI big data, can I position myself in an unbeatable place? The market never lacks opportunities; the question is whether you can seize them. Only by following experienced and right people can we earn more!
Continuously paying attention: TOKEN AI16Z SIGN
