There are always some lucky ones who can become rich overnight. Here are three stories from the crypto world.
1. 'Brother 480,000'
This is an unavoidable name in the crypto world. The name 'Brother 480,000' originated because he used his savings of 480,000 for buying a house to purchase 100 bitcoins and started a live thread on Baidu's Bitcoin forum on January 28, 2014.
But fortune was not on his side; this live broadcast was untimely, and subsequent negative policies and a crash in coin prices caused his assets to shrink rapidly to just 90,000.
The ridicule in the forums and the lack of understanding from family made Brother 480,000's situation worse. 'Arguing with my mother-in-law, threats of divorce from my wife,' became the themes of his live broadcasts.
At the beginning of 2016, when Bitcoin rebounded to 3,000 RMB, Brother 480,000 replied to readers, 'I sold my coins and bought a house.' This man, who once hoped to buy a house and a new car with Bitcoin, lost 180,000 and exited, ultimately missing out on the madness a year later.
2. 'Crazy North Latitude'
Brother 480,000 stated that he learned about Bitcoin in 2012, and then boarded when the price fell from 8,000 to over 4,000. This price point is very similar to when Brother 480,000 bought in, but their paths diverged completely from then on.
Brother 480,000 gave all his salary to his wife and used all his pocket money to buy Bitcoin. Besides money for cigarettes and gas, he had nothing else in his wallet and even started to consider quitting smoking to buy more.
By using the 'spending money to buy coins method', this friend bought and held over 300 bitcoins by the end of 2015.
3. '100,000 turns into 1.5 million in six months'
This is a story about someone close to me. In 2016, this friend started investing in Bitcoin when it was around 5,000 RMB. Initially, he also engaged in short-term trading, like most newcomers, often waking up at two or three in the morning to check the market. Later, he realized that this kind of trading was not worth it, feeling that his quality of life was rapidly declining and that his emotions were being kidnapped by this irregular market.
Of course, the real world is never smooth sailing. Later, in the bear market of 2018, this friend also faced losses. However, there are always a few people who can beat the market and likely understand the patterns of investment cycles, which is why we need to continuously learn and enhance our understanding.
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As an ordinary retail investor, this friend has already outperformed the vast majority in the market, and the secret is a good mindset. The reason for a good mindset is that he doesn't care, and he doesn't care because this is money that wouldn't affect his life even if he lost it all.
The three stories have been told, and I hope you find value in them. In the future, I will share more stories with everyone, listening to others' experiences to gain insights into my own life.
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