$DOGE 7 years ago bought 60,000 yuan worth of Dogecoin, 4 years later achieving financial freedom. In 2021, Bitcoin started a new round of bull market, but the one that surged the most was not Bitcoin or Ethereum, but rather Dogecoin and other altcoins, whose price increase left veteran investors in the crypto world feeling ashamed. On April 19, 2021, a friend sent me a screenshot from an old Dogecoin forum user showing his profits, and I felt instant envy. This user had bought 10 million Dogecoins for 60,000 yuan at a price of 0.006 yuan on May 7, 2017, and held onto them until April 2021, when his 60,000 yuan appreciated to 25.5 million yuan.

On May 7, 2017, when Dogecoin was 0.006 yuan each, time passed quickly, and the years flew by. Having experienced the ups and downs of life and the volatility of the crypto market, especially during Elon Musk's craziness in 2021, when a single Dogecoin soared to 2.7 yuan, this user turned 60,000 into 25.5 million yuan and successfully cashed out by selling all his Dogecoins.

In November 2015, when I first encountered Bitcoin, it was only 2,123 yuan. Although I felt emotional at the time, I still did not reflect deeply. Recently, upon seeing the case of the Dogecoin user, I felt that it was indeed time for me to reflect seriously.

A person's life is constantly paying for their understanding. How to find the next Dogecoin and review with friends? Why, having experienced the bull market of 2017, did we miss the opportunity of Dogecoin? Is it because we didn’t have 60,000 yuan? Clearly, the fundamental reason is still a lack of deep understanding. Looking back with hindsight, why does Dogecoin have significant appreciation potential?

① The absolute value was low 4 years ago, as low as 0.006 yuan, there was nowhere to drop, and rather because it was cheap enough, the appreciation space was large.

② 4 years ago, Dogecoin was used for tipping and rewards on some forums in Europe and America, making its application quite widespread.

③ High consensus — by 2018, it had already entered the top 20 in terms of market value. As Li Xiaolai said, 'the consensus of fools is also a consensus.' Digital currencies with high consensus are less likely to perish and more likely to break through.

④ Element of luck — Elon Musk’s crazy endorsement and promotion. No one expected Dogecoin to be favored by Musk, who crazily promoted it on Twitter and even called himself the CEO of Dogecoin, thus starting the crazy bull market of Dogecoin.