Let me talk about my journey in the cryptocurrency market, where I went to zero three times and eventually earned over 70 million. In 2017, during the crazy ICO boom, I just entered the cryptocurrency market with 1,000 yuan to give it a try. I remember that the first time I made money was by buying Ethereum; I made a 10% profit in one day from that 1,000 yuan. From that moment on, I couldn't stop. I remember that after a week, I invested another 60,000 yuan. At that time, I bought a coin, and after a month of waiting for the coin to launch, during the ICO, any coin you bought would multiply several times upon opening. I made about 300,000 yuan from BNT, and then I thought that I had the ability, so I took that 300,000 yuan to play in the secondary market with spot contracts. As a result, everything went to zero in less than half a year. I remember that in the second month after going to zero, I sold my car. The car I sold was my first car, a BMW 3 Series, and I sold it for 170,000. During the bull market phase from 2018 to 2019, I made small profits on other coins, but the one that made me the most money was EOS. In fact, EOS had the smallest price increase, but I held onto it, and my capital grew from 170,000 to 3 million. However, I hadn't truly experienced a full cycle of bull and bear markets and didn't understand the cruelty of a bear market. As a result, during the bear market, my 3 million shrank to only 80,000 by the beginning of 2020.
If I had just held on a little longer, I could have completely recouped my losses because at the end of 2020, when the pandemic broke out, the Federal Reserve was recklessly cutting interest rates and printing money. Later, I understood that it wasn't just the pandemic causing this, but rather the laws of human nature and the unchanging principles of the financial system over hundreds of years. Subsequently, in 2020, I took my first high-interest loan, online loans, credit cards… and successively cashed out 500,000. However, because the money was borrowed, my mindset was very unstable. The 500,000 never managed to rise above 1 million in two months. The more I wanted to get rich quickly, the less money I had because slow is fast, and fast is slow. In July 2020, when Ethereum was at 300 dollars, I opened a three-times leveraged short position. Unsurprisingly, Ethereum reached nearly 500 dollars in August. At that time, the bull market had already started, but I still didn't realize it, resulting in a liquidation! Therefore, those who have not experienced a full cycle of bull and bear markets do not know when a bear market will come or when a bull market will end. Ethereum rose in August and continued until February 2021, reaching 4,500 dollars. During that time, I was so upset that I lay in bed for half a year. I would spend about 12 hours a day analyzing K-lines, researching each coin's project parties, and communities. When Ethereum approached 2,000 dollars in May 2021, I sold my house for 1.2 million and went all in on AXS when it was at 6 dollars. By June, my 1.2 million had shrunk to 600,000, but I still chose to hold because I knew that AXS had always had potential.