In 2017, BTC closed up 1336%, while star stocks such as Amazon, Microsoft, Google and Apple only closed up 32-55%. This forced stockholders to re-examine Bitcoin, a financial monster that they have always viewed with tinted glasses. What exactly caused the rise of Bitcoin? Is it people's desire to truly control assets, or people's crazy desire to pursue wealth? If you ask idealists, they will say it is the former; if you ask realists, they will say it is the latter; if you ask moderates, they will say it is both. Traders are smart on this issue because they never bother themselves with such meaningless questions. For traders, whether they can earn a number that satisfies them is the most important thing. In front of money, truth must also lower its proud head.

From $1,000 in January, to $2,000 in May, and then to $10,000 in November, the craze for Bitcoin has made a large number of stockholders go from skepticism to acceptance. If at this time, they just took off their tinted glasses and did not really make the decision to sell stocks and switch to Bitcoin, then the next 18 days will be the moment for them to completely surrender and step into the cryptocurrency circle without hesitation.

On November 29, 2017, Bitcoin broke through $10,000 for the first time. With the continuous coverage of this news by Chinese and foreign media, the name of Bitcoin once again resounded throughout the world. Whether in newspapers, television, or the Internet, as long as it is a communication medium, you can see the presence of Bitcoin. Especially in the capital circle, Bitcoin is well known. There are voices praising it, and there are voices slandering it. People discuss it endlessly, as if the world has entered a new era - the Bitcoin era.

After breaking through $10,000, Bitcoin continued to rise, and in just 18 days, it soared to an incredible $19,700, equivalent to about 130,000 yuan. In a small county, one Bitcoin is worth a house, and nine years ago, it was a string of worthless codes, but now it has become digital gold.

Whenever someone asked me what Bitcoin was, I couldn't use my preaching skills well, because I had to work hard to control my surging emotions, so that I couldn't express my views calmly. After a long time, they also saw that I was unusual. As long as I talked about Bitcoin, I would become excited, and my speed and volume would increase by eight degrees. But as soon as the topic changed, I would immediately become a normal person. This phenomenon of mine, which seemed very strange to them, was common among other people in the cryptocurrency circle.

After rising to $19,700, Bitcoin began to fall back to $18,700, a drop of -5%. For people in the cryptocurrency circle, this is not called volatility, it can barely be considered sideways. This insignificant drop can only scare investors who are new to the cryptocurrency circle, and it is completely harmless to the thick-skinned cryptocurrency circle people. The day after falling to $18,700, Bitcoin returned to $19,000 again. On this day, December 18, the world's oldest and largest futures and options exchange, the Chicago Board of Trade, officially launched Bitcoin futures contracts. This means that those investors who are known as the regular army and hold large amounts of funds will be able to directly participate in Bitcoin transactions. This is the first time that Bitcoin has stood on the stage of the traditional financial market, and it is also seen as opening the door between Wall Street capital and Bitcoin, because the Chicago Board of Trade has the blood of Wall Street flowing in its veins.

After this, you may still hear investors say that Bitcoin is a financial bubble, but you will rarely hear investors call it a scam. This is easy to understand. Because if Bitcoin is a scam, then you can't explain why the Chicago Stock Exchange launched Bitcoin futures contracts, nor why Wall Street capital injected funds into Bitcoin. If it is really a scam, then Bitcoin's disguise is really superb, and it actually fooled the Chicago Stock Exchange and Wall Street capital.

I have no financial dealings with the Chicago Board of Trade, nor do I have any interest relationship with it. I only recently learned of its existence, but I feel very close to it, as if it is the sun and I am the flowers and plants, relying on its selfless sunshine to thrive. It is not just me who has this illusion, but everyone in the cryptocurrency circle has this illusion. The Chicago Board of Trade launched the Bitcoin futures contract, prompting everyone to reach a consensus: Bitcoin will continue to soar!

As we all know, the biggest role of futures contracts is to magnify the principal, which means that the funds for buying Bitcoin will grow exponentially. Of course, in turn, you can also double your short selling. But now is a bull market, as the saying goes, buy high and don't buy low in a bull market, and don't short when you are bearish. Such a simple truth, you and I, a "leek", understand it, how can the Wall Street elites not understand it. With this idea, the old people in the currency circle and the newcomers who have moved from the stock market to the currency circle have increased their investment unscrupulously. Some people who value friendship and loyalty even don't forget to bring their friends to bet on Bitcoin and enjoy this wealth feast that occupies the right time and place together.

But the facts have proven that even if you have good intentions, and even if being responsible for your own decisions is something they should understand without being reminded, they will still blame you if things don't go as planned, and they may even become your enemy.

"How can the price of a currency only go up and not down?" should be the idea of ​​Wall Street capital at the time. This idea was exactly the opposite of the market voice at the time, so it was completely unexpected. After the Chicago Exchange launched the Bitcoin futures contract, Bitcoin rose for only one day before it plummeted. At first, people did not realize the seriousness of the problem and thought it was just a technical correction. It was only a matter of time before it returned to a new high. Later, Wall Street capital proved people's judgment wrong with practical actions. Who would have thought that the Chicago Exchange launched the Bitcoin futures contract, which not only failed to push Bitcoin to a new height, but ruthlessly fixed Bitcoin at $19,000. Countless people were labeled as takers because of this, and three years later, this label was torn off.

This situation is unpredictable. In the market environment at that time, few people could not be infected by the enthusiasm of the bull market. It was already amazing for people to be able to hold empty positions without moving. This required strong self-control to resist the temptation of the skyrocketing price of the currency day and night, not to mention those who could resolutely clear their positions and leave the market. There were very few such people.

My idea at that time was relatively simple and rational, which was very different from those who dreamed of making a thousand times the profit. That is, I would stop when I made 100 million yuan. Based on 2.6 million US dollars, the BCH I held would increase by 5.8 times to achieve this goal. It was a very low requirement and it was not an exaggeration.