To talk about my connection with the crypto world, it all started with a chance conversation over ten years ago. That day, I met an old classmate I hadn't seen in a long time. He excitedly shared his 'legendary achievements' in the crypto world, talking about how his assets doubled in just a few months, allowing him to realize his small goal of buying a car. I felt a stir of excitement in my heart. At that time, I was troubled by the monotony of my job and the meagerness of my salary; financial freedom seemed like an unattainable dream. My old classmate's story was like a ray of light shining into my dull life, filling me with curiosity and longing for the crypto world. After returning home, I eagerly began searching online for various information about digital currencies, from the background of Bitcoin's birth to Ethereum's smart contracts. The more I read, the more I felt that this emerging field was full of infinite possibilities. Driven by my inner desire, I took out my long-saved 50,000 yuan in savings and dove headfirst into the crypto world. At that time, I was like a new soldier entering the battlefield, completely unaware of the challenges and risks that lay ahead, my heart filled only with a thirst for wealth. In those years, I chased after coins. When I first entered the crypto world, I was like a headless fly, completely unsure where to start. Watching the prices of various digital currencies fluctuate on the screen, I felt both excited and confused. At first, I was just following the trend, buying a bit of whatever coin others said had potential. I remember my first purchase was Bitcoin. At that time, Bitcoin's price had already risen quite a bit, but I thought, as the leader of digital currencies, it would surely continue to rise. To my surprise, not long after buying in, the price began to fall. Watching the numbers in my account shrink, I felt terrible. Later, I started to research various digital currencies on my own. During my research, I learned that Ethereum's smart contract technology had great prospects, allowing developers to create various decentralized applications on the blockchain. So, I decisively invested a portion of my funds to buy Ethereum. This time, my luck was good; Ethereum's price continued to rise for a while, and I successfully made a profit. After tasting success, I became bolder and started to pay attention to some niche coins. Once, on a crypto forum, I saw someone strongly recommending a newly issued digital currency, claiming it had unique technology and vast application scenarios, with unlimited future potential. I was swept away by these descriptions and, without conducting thorough research, invested most of my funds. As a result, it turned out to be a complete scam; the price of this coin surged briefly before plummeting, nearly to zero, and my money was lost.
Looking back now, how many of the so-called big shots who were once active are still around? Most people took advantage of the hype to rise, promoting altcoins, peddling personal interests, and making money that they could never spend in a lifetime. They left behind a mess of complaints and a sea of suffering retail investors, along with a tangled web of various crypto scandals.
To go further, if I had simply mined and hoarded Bitcoin back then, today I could also experience the new life of having my account fluctuate by hundreds of millions every day.
The first time crossing a cycle, surviving was purely by luck; the second time, it relied on calm and rational thinking; by the third time, I had already understood the principle of going with the flow. Prices rise and fall, Bitcoin remains Bitcoin, but the people behind it have changed countless times.
The human face knows not where to go, yet the peach blossoms still smile in the spring breeze.
Please always remember, only a few people can make money in the cryptocurrency market; the vast majority are losing money.
When the bull market comes, one must understand one thing: who makes money in the bull market, and who provides the money? A big bull market is a significant transfer of wealth, and a greater probability is that it transfers your limited wealth to others. Retail investors should approach the bull market with respect.
Still the same saying, if you don't know what to do in a bull market, click on the avatar of Kuei, follow, and get planning for spot trading and contract strategies shared for free.
