Seven years ago, a netizen from Tieba bought 60,000 yuan worth of Dogecoin

Seven years ago, he bought 60,000 yuan worth of Dogecoin, and four years later, he achieved financial freedom. In 2021, Bitcoin started a new round of bull market, but the biggest surge was not actually Bitcoin or mainstream coins like Ethereum. Instead, it was Dogecoin and other altcoins that saw such a significant increase that it left veteran investors in the crypto space in disbelief. On April 19, 2021, a friend sent me a photo of a Dogecoin investor sharing his success story, and I was instantly envious. This investor bought 10 million Dogecoins for 60,000 yuan at a price of 0.006 yuan on May 7, 2017, and held on until April 2021, when the value of his 60,000 yuan had increased to 25.5 million yuan.

Time flies, and on May 7, 2017, when Dogecoin was just 0.006 yuan each, after experiencing the ups and downs of life and the ever-changing landscape of the crypto world—especially with Elon Musk's madness in 2021—Dogecoin skyrocketed to 2.7 yuan. This investor turned his 60,000 yuan into 25.5 million yuan, selling all his Dogecoins and successfully exiting the market.

In November 2015, when I first encountered Bitcoin, it was only 2,123 yuan. Although I felt sentimental at the time, I still didn't reflect deeply. Recently, after seeing this Dogecoin investor's story, I suddenly realized that I really need to introspect. A person's life is all about paying for their understanding. How to find the next Dogecoin and review it with friends? Why, having experienced the 2017 bull market, did we not seize opportunities like Dogecoin? Is it because we didn't have 60,000 yuan? Clearly, the fundamental reason is still a lack of deep understanding. Looking back in hindsight, why did Dogecoin have great potential for appreciation?

1. The absolute value four years ago was low, down to 0.006 yuan, with nowhere to fall, so being cheap allowed for greater appreciation potential.

2. Four years ago, Dogecoin was used for tips and rewards on some forums in Europe and America, making it relatively widespread in application.

3. High consensus—by 2018, it had already entered the top 20 in market value; as Li Xiaolai said, "The consensus of fools is still a consensus." Cryptocurrencies with high consensus are less likely to disappear and more likely to break into mainstream awareness.

4. Element of luck—Elon Musk's crazy endorsements and promotions. No one expected Dogecoin to catch Musk's eye, and he crazily promoted it on Twitter, declaring himself the CEO of Dogecoin, thus igniting a crazy bull market for Dogecoin. #doge⚡ #加密立法新纪元 $DOGE