I have also experienced liquidation. I treated trading as my way to turn my life around, aiming to soar, and invested a large amount of money and energy recklessly.
In 2019, I enjoyed the first wave of airdrop dividends from BN, entering the first 100 in the crypto space. Then in 2021, I made big profits from airdrops and interest differentials, and in 2022 LUNA went south, but by the end of the year, I entered A8.
Why do I say there must be a season for altcoins? Reason 1: In the later stages of a bull market, Bitcoin (BTC) no longer generates wealth-effect; later funds will choose altcoins. Reason 2: In the later stages of a bull market, project teams pump altcoins to exchange for your Bitcoin (BTC), as Bitcoin (BTC) is easier to liquidate. Reason 3: The bull market ends in madness, and madness must be the madness of altcoins. Reason 4: Pumping Bitcoin (BTC) brings retail investors in, while pumping altcoins prevents retail investors from getting out.
Back in 2017, I heard that the most secretive over-the-counter trading was conducted like this: both parties verify assets and coins, one side brings cash, and the other side brings a Bitcoin (BTC) wallet. Under the mediation of a middleman, they go into a room, exchanging money for coins hand in hand. Only when the Bitcoin (BTC) is credited can both parties leave.
At 3 AM in Central, Miss Lin hung her high heels on a bar in Lan Kwai Fong, twisting her slender waist. The crypto wallet in her hand just received a payment of 0.5 Bitcoin from a client in Dubai. Looking up, she saw the LED screen of the IFC building showcasing the Hong Kong government's Web3 declaration. Meanwhile, the neon lights of a nearby tea restaurant short-circuited at that moment. This is probably the magical realism of Hong Kong.
Please note that Binance and OKEx are the largest and most influential cryptocurrency trading platforms in the world, gathering most of the users in the crypto space. Newcomers are advised to stay away from other unknown platforms to avoid investment traps. Not getting involved in the crypto space during a bull market is foolish; you can trade top-tier coins for just 10 bucks, click to quickly buy coins, and purchase USDT (USDT can be exchanged for various coins on the exchange). If you don't want to spend money, you can also connect your computer mining rig to the exchange's mining pool to mine. One day in the crypto world is equivalent to a year in the real world; if you invested 100 bucks in Ripple or Dogecoin in 2013 and left it untouched, you would have been a billionaire by now. Never engage with other small exchanges.
I am Xiao O, a professional analyst and educator, your mentor and friend on the path of investment! As an analyst, the most basic thing is to help everyone make money. I will help you resolve confusion and locked positions, speaking with strength. When you lose your way and don't know what to do, follow Xiao O, and I will guide you.