Today's article may break your understanding. You might think it's magical and a bit fake. Even I find it hard to believe.
Not trusting is because he had always lived in a small world, not seeing the outside world, not going to some circles that ordinary people can't access, so you always think this thing is impossible. The most important point is not having made money; the information is too narrow.
Today's protagonist is a local from Guangzhou, a young man born in 1998.
He was my college neighbor, one year older than me, but a year younger.
He played Bitcoin, made over half a billion, then lost it all, and finally earned some money again, now holding assets exceeding eight figures, experiencing great ups and downs by the age of 25, achieving financial freedom.
I call him A Cheng.
A Cheng started playing stocks in 2014 when he was in high school. He opened an account himself and, due to his interest, often researched it in his free time.
He truly entered the cryptocurrency circle in 2016, his freshman year. In 2014 and 2015, during those two years, he accumulated a lot of experience. However, in 2016, he didn't understand the cryptocurrency circle well and suffered greatly from some Ponzi schemes. At that time in 2016, he saw many coins on Yuanbao Network (one of the three giants in the cryptocurrency circle at that time). Bitcoin was only 3,000 yuan, Litecoin was less than 20 yuan, and Dogecoin was 0.01 yuan. He put in several tens of thousands.
He said he also invited some classmates and friends to join him at that time. A friend he knew bought nearly 1,000 yuan worth, but later, his friend felt that this 1,000 yuan would be lost, so he withdrew it.
He said that actually, the most profitable part of the cryptocurrency circle is not the volatility but holding coins. In 2016, he bought a lot of coins, didn’t pay attention, forgot about them, and by 2017, they had multiplied. His Dogecoin helped him earn his first pot of gold, about 1 million.
After 9.4 (the official red-headed document, banning digital currency and similar things), there was a bloody scene, the market crashed, and most people left the market. However, after 9.4, for a period of time, amidst everyone else's panic, he bought a lot of coins, mainly some mainstream ones at low positions.
At the same time, after 9.4, he realized that the bull market actually emerged amidst the crashes and panic. After November 2017, there was a huge bull market. After that, he stopped playing on Yuanbao Network and went to Huobi (the mainstream platform later). At that time, during the frenzy, he bought a lot of various altcoins, Huobi coins (coins priced below 0.1 yuan).
Thus, he earned another wave.
By the end of 2018, he exited with about 10 million in his account. After thinking about stopping, there was another wave of adjustment after the new year, and he felt this was another opportunity, so he jumped back in, buying some AE coins and so on.
At this time, he was in his second year of college, every day in the dormitory, waking up to see his account increase by hundreds of thousands.
What does money feel like? It doesn't feel like much.
His personal peak asset should be 1,700 bitcoins. What does 1,700 bitcoins mean?
You can search online.
Later, he got into contracts and futures, earning millions a day. Then he played live streaming and tipping. He said at that time he tipped those streamers with millions. Later, he said he actually also met his downfall in contracts, playing on OK (the trading platform), casually losing millions to tens of millions. Once, he had a position that got precisely wiped out.
In the second half of 2018, he began to go downhill, losing a lot of money, and also losing the funds given by asset management (some people have capital but can't manage it well, thinking he does well, so they give him money to trade), about 20 million or so, like a big dream turned into nothing.
He said that at that time he was standing in some high-rise buildings, feeling the wind, and indeed thought about ending it all.
Looking back, he truly felt unwilling. In his circle, when others had money, there were luxury cars, beautiful women, and young models everywhere, but he didn’t enjoy any of it. It shouldn't have ended like this.
After muddling through for two months, he had already arrived at the Guangzhou campus by this time. At the beginning of 2019, because our first and second years were in the Qingyuan campus, we returned to the Guangzhou campus in the third year.
At the beginning of 2019, he had less than 20,000 USD. He took 10,000 USD to re-enter futures contracts, which was a realization for him, compounding his trading profits, achieving 19 times and 18 times profit in two weeks, earning another 180,000 USD.
Then he got back into spot trading, where a big brother valued his abilities and arranged for him to slowly accumulate and take on futures related to US crude oil. After that, the whole of 2019 was basically profitable, and by early 2020, he had paid off all the debts to asset management.
At the beginning of 2020, he went to Shenzhen to develop, at that time also involved in the cryptocurrency circle, wanting to build up his startup, leveraging all the resources he had to form a team, earning hundreds of thousands a month, in just three months.
Later, the team broke apart a few times due to money issues. He told them not to focus on immediate benefits but to look at the long term. Unfortunately, due to differing philosophies, they ultimately fell apart. Plus, they enjoyed nightlife, bars, and young models, and wanted to make quick money, so he left.
After experiencing several ups and downs, he got tired. From 2021 to 2023 was a calm period, and thus, he lived in a semi-retired state.
He traveled to many cities, Shanghai, Shenzhen, and finally returned to his hometown, which is Guangzhou.
What he does now is basically related to finance, but I can't understand it—stocks, domestic bulk commodities, foreign US crude oil, and US stocks; he's in contact with all of them.
He said that in 2017, a senior he knew in futures went bankrupt and jumped off a building. That year he thought if he lost, he could just make it back. In the following year, he experienced such a thing, that immense drop from billionaire to being deeply in debt would break a person's psychological defense line all at once; basically, no one can withstand it.
Futures life has many variables; there are blue mountains everywhere in the world.
I said: You've made so much money; luck must account for 90% of it, right?
He said: 99% sure.
I said: With so much money, do you think someone among you might run away with it all and escape abroad?
He said: Some people can do it, but he can't. Life is a practice. If he wanted to run away, he would have had tens of millions to a billion in asset management funds back then; why not be carefree?
Money should be earned fairly, and it's also due to his actions that he was valued and supported by a big brother, which allowed him to have a lot of resources.
I said: You've made big money, and with such a large flow of funds every day, to you, it's just a string of numbers.
He said: As long as you leave this financial market, making money in other industries will be relatively slower, and any industry is likely related to finance.
I said: Someone like you who has made big money can't possibly go back to making small money.
He said: It won’t be the case. Just like now he is a second-hand landlord, earning a few hundred in price differences on one house. He also likes it. Earning a few hundred from one house isn't much, but what about 10 houses or 100 houses?
He now owns dozens of properties, after all, he is originally from Guangzhou and has friends who helped him, making him just right as a second-hand landlord.
He is now continuously keeping a small amount of money rolling, making small profits in some industries and investments, because he wants to leave himself a way out.
After all, he's only in his twenties. Who knows what will happen in the future? Life is still long.
This world is vast, with many things. If no one tells you, you might only live in your small world. While young, broaden your understanding and make more money.
Some people are destined to rely on divine fortune for their meals. The small wealthy rely on hard work, while the great wealthy rely on fate.
I used to not believe it, until these two years when I saw some people inexplicably make a lot of money. Some of them didn't even know where the money came from. These things truly exist.
In fact, many times, a person earns more money than you not necessarily because that person is more capable; often, it's just about choosing the right industry and accumulating steadily until it finally bursts forth.
This world never lacks hard-working people; it lacks people who are determined to work hard to the end. I have seen many post-95s who earned over a million. In fact, their abilities are quite average; they just chose the right platform and industry and then focused on it.
There's no need to be anxious, but you must remain clear-headed. The industry you choose must have prospects, and then you need to focus on it for several years.
Listen more, watch more, over time, you'll improve. Don't just go to work and sleep every day, playing games.
I see some boys and girls now, in their twenties, earning just a few thousand a month, going to work and playing games every day, thinking they are really awesome. In fact, they will be eliminated by society sooner or later. If no one tells you this, you might really live forever in your own world.
This world is really big. Go out more, meet different people, especially those who are at higher levels than you. I believe you will improve, and your understanding and thinking will constantly be refreshed.
Don't live the same life every day for 30 days in a month. However, the same life can bring you greater rewards, so that's not impossible.
But people should gradually tend towards higher levels.
Continue to fight alone, relying on luck to make money. Ultimately, you will also lose based on skill and be overwhelmed in the market's torrent!
The market never lacks opportunities; the question is whether you can seize them. Only by following the right people can you survive in the market long-term and earn more!
Want to double your account, want to enjoy big profits, want to successfully break even.
Follow Sister Xin closely and position yourself in the main wave of the bull market in advance!
