No problem at all, because I was just a newbie who went through this last round. My real experience will tell you that many people have a high probability of turning a few thousand into hundreds of thousands. Not to mention if you already have funds to play with, you can choose some relatively stable tokens for future growth. Also, the bull market is basically in its early stages; I think this bull market should have new ways to play compared to before, like brc20, and it will be even crazier. Because the real economy cannot give us much hope, this bull market should be an opportunity that ordinary people should cherish.
Next, let me talk about my real experience. I actually entered the crypto space in 2021. At that time, I was basically a newbie among newbies, a loser among losers. I was always timid and shy about interacting with others. I attended a vocational college, and my life basically seemed to have reached its limit. I was also very troubled because I couldn't find a way to make money. The ways to earn money in real life could only keep me from starving. With my education, if I didn't take a shortcut, I could never compete with graduates from 985 or 211 universities. Moreover, social resources have long been divided among those who benefited early on. The only way out for me was to work in a factory. Even if I had to take a gamble, I was willing to because my life already seemed to be at its limit. I had to take a gamble to turn things around. The person I am most grateful to is Musk; he is the savior of my life. Without him, I wouldn't have had my chance. Many times, opportunities are not given but influenced. I don't care whether Musk promoted Dogecoin for his own profit or not.
In any case, it did affect my life. I entered the cryptocurrency world because Musk promoted Dogecoin. I saw it in the news, and at that time, many people were discussing it on Weibo. I thank those people; it was this opportunity that brought me into this field. The first project I played was Dogecoin. Like most newbies, I only had 2000 at the time, but I resolutely stepped into this circle. I took 500 to buy Dogecoin on the exchange. It was really crazy at that time; basically, buying it could yield a 10-20% increase.
Every day is filled with good news. My 500 quickly rose to over 800. This was basically a qualitative shock and enhancement to my perception. I had never realized that making money could be so easy, and that there are ways to earn money like this. Soon, 500 earning 800 was no longer satisfying for me. I spent all day in Weibo's super topic, and saw the shiba inu coin, which should be a memory for most people. I still keep this image on my phone. Back then, shib was a copy of Dogecoin, and many people looked down on shib, thinking it was a garbage coin. I, on the other hand, felt that the more garbage a coin was, the bigger the space for growth, making it more suitable for broke people like me to play. I bought it for 1400. Then I immediately started to learn from the veterans. I went to the Dogecoin QQ group to recommend this coin, but obviously no one paid attention to me because it was just an unremarkable coin. But there were always buyers; the consensus of fools is still a consensus. My 1400 quickly rose to 1800. Exciting.
This is already my salary for several days. But I didn't expect it to start dropping immediately, dropping without any warning. My friend and I both bought shib, and he bought about the same amount as I did. We're basically in the same boat. This has really shaken my confidence. I feel like all of this is a scam. My 1400 has dropped to 300. It's just giving you a little sweetness and then making you lose. I'm too lazy to play anymore. At that time, the shib QQ group said that the drop was caused by the Matcha exchange dumping, and we needed to withdraw our coins. I thought I'd just withdraw to my wallet. Anyway, it's useless to keep it in the exchange in case it's not safe. Later, I withdrew to my wallet, and I basically stopped caring about this coin. My life has returned to being as dull and poor as before. I really wish for a miracle to happen to me once. I also want to make money. Maybe it's just not my fate to be broke. The heavens helped me a bit. Musk directly said he wanted to raise a Shiba Inu. You should know that early on, shib was piggybacking on Dogecoin and Musk. This time, Musk's mention was a monumental boost. The K-line immediately started to soar. When I discovered this, it had already skyrocketed, and I went to search for related news. I really have to thank Musk. My 1400 rose to 15,000. A full 10 times. What does that mean? I need to work for several months to earn that much money.
This time I really bought it right. My confidence has been reignited. I haven't cashed out shib yet and bought 800 more of the new htmoon from Huobi chain. I should say I bought it at a mid-term position. As soon as I bought it, it started to surge, just the right timing to buy. Many also rose to over 10,000. I feel like luck has come, and it can't be stopped. It seems I need to increase my position a bit more. My friend bought more than I did. He bought 2000 and it rose to over 20,000. At that time, I was really regretting why I didn't buy a bit more. Unexpectedly, in our excitement, just a few days later, it crashed on 519. We were really newbies among newbies, and we actually fantasized that shib could rise to a penny. We held onto it and never sold. The drop on 519 was really painful. We had no experience at all and didn't even know what it meant. I was still thinking that I could finally increase my position. I had to surpass my friend's coin count. Unexpectedly, I kept adding and kept losing. After a long time, I still lost money.
This is actually a very real situation for newbies. Many people completely ignore all risks when prices rise. This is human nature that cannot be avoided. So I obviously lost money here. Later, I truly gave up on the crypto space. Because after 519, the market basically ended; it had gone crazy for a while, and the next step would certainly be silence. Although I still maintained some fantasies in my heart, life was still a priority. I should have known better at that time and should have cashed out and sold a portion to improve my life.
Time reached June-July. Suddenly a big golden dog, babydoge, appeared; this was the project that turned things around. I bought it with faith in old Elon again because shib was issued in December 2020. Many people learned about this project around April-May 2021. The very first part was the most exaggerated in terms of multiples; there was a picture circulating at that time. If you invested 1000 dollars in shib at the beginning, over time, you could sell for hundreds of millions. This story left a deep impression on me like a dream. I wish such a thing could happen to me. Later, I bought over 2000 of babydoge.
Many people know that the biggest flaw of newbies is that they don't know when to sell. As the saying goes, the one who can sell is the master. At that time, I didn't know what points were suitable for selling, so I held onto this project for half a month. Basically, it would rise by 60-70% in a day. Elon kept supporting it. My principal suddenly reached over 200,000. In a bull market, I might not sell, which could be a good thing. Hahaha, because many old investors are particularly afraid of project declines, and usually, they run as soon as it drops. This habit during a bear market is actually very bad in a bull market. Therefore, many newcomers earn more than old investors.
Since starting this project, it feels like my luck or talent has been developed. Basically, whatever I buy is profitable. And the money I earn keeps growing bigger and bigger. I have bought many projects like dogezilla, dogeking, and later eth's pepe, as well as various meme coins. The more projects I bought, it felt like I developed a sense for them, knowing which projects had good IPs could make money, or which ones were the takeoff lines. I feel that the bull market is approaching, and I sincerely want to say that maybe you might not have such good luck entering the crypto space and might not make a lot of money, or even lose money. But many people have a flaw, they only think about it and never try before giving up. Then they complain about unfairness. Opportunities are fair to everyone. Unless it is a fresh industry, only then can ordinary people earn wealth that they could never earn in their lives. If you are not willing to try even this rare opportunity, then life is bound to be a dead end. I only represent myself as an ordinary person without any background. In fact, after making money, one's perception really changes a lot. Money is a person's confidence.
As someone who can now be considered an old investor, I want to say that many things can only be figured out through trying. No one is 100% sure they can succeed when doing something. You can only say it's a high probability or reduce your own risks. Many entrepreneurs also don't know if they can succeed when starting a business. Playing in the crypto space is basically one of these two situations: either it can truly allow you to achieve financial freedom or change your life, or it might just mean losing some money or wasting some time. But this is already very friendly to ordinary people. Anyway, I don't want to spend my life just looking at a salary that leads to a dead end.
I hope my article can help newbies who want to enter the market now. If anyone has questions or doesn't understand anything, feel free to ask me. But the most important thing in investing is that you should prepare for the maximum loss you can afford before investing. This is the best mindset to keep you profitable. Don't think about how much you can earn right from the start. There will definitely be washouts during the process; only with a good mindset can good results occur when you no longer care.
I wish everyone can earn the wealth they desire in this bull market!
