A fan came to share his investment experience. As a newcomer to the crypto world, he once invested 150,000 to test the waters, and guess what happened? This amount of money has now turned into 2 million, and even more impressively, he earned 12 million in the last bull market! It's almost like winning the lottery!
His story begins in early 2020. At that time, he was just a recent graduate, a young guy born in the 1990s, working in e-commerce in Shenzhen. Although he earned 20,000 to 30,000 a month, after expenses, he could only save a little over 10,000. Looking at the high housing prices in Shenzhen, he knew in his heart that with this salary, it would take ages to save enough for a down payment!
Fortunately, he later got into the crypto world. In this seemingly magical yet somewhat frightening realm, he saw the opportunity to make money with virtual currencies. So he gathered his courage and invested most of his savings into the digital currency market. He mainly bought Ethereum (ETH) and some Bitcoin (BTC), and also invested a bit in promising altcoins.
In the ups and downs of the market, even during the major crash on May 19, he wasn't scared but instead seized the opportunity to buy some promising altcoins. It turned out that this strategy really worked! When Bitcoin broke through its historical high of 69,000 USD in November 2021, his assets soared as well!
But he is not the kind of greedy person. When he noticed that the market started to go wrong, he decisively cleared most of his positions. At that time, the price of Bitcoin had already dropped to around 58,000, and Ethereum stabilized around 4,400. This decision was very wise! Those retail investors who still held onto fantasies and wanted to earn more are mostly trapped now.
After this bull market, he surprisingly had 12 million in his account! He quickly used 4 million to pay for the down payment on a house in Shenzhen (after graduating, he also transferred his household registration to Shenzhen, and after paying social insurance for three years, he qualified to buy a house), and then took out 2 million for daily expenses. What about the remaining 6 million? He kept it in the exchange, preparing to wait for the next opportunity to make money.
I believe that making money in the crypto world hinges on seizing the right opportunity, choosing good projects, managing positions well, and keeping a close watch on your own money. Only then can you steadily make money amidst the market's ups and downs and increase your assets.
For cryptocurrency friends who want to communicate together, I still say the same thing: if you don’t know what to do in a bull market, click on my avatar, follow me, and I’ll share spot planning for the bull market, contract passwords, and more for free.
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