On the eighth day of the road to millions, the account balance today is 440,000. Today we talk about the importance of diversification. Back in July 2021, I asked my family for 300,000 yuan and entered the market in a hurry. At that time, I wanted to get rich overnight by relying on the contract, but ended up with heavy losses. I really can’t afford to lose the last 100,000. 300,000 is a huge amount for an ordinary family like ours. My parents’ account has never exceeded 500,000 in their lives, so I decided to use the last 100,000. I bought spot with 100,000 yuan. The projects I was optimistic about at that time were NEAR and ICP. Since I was eager to make back my investment, I decided to bet on one of the currencies. In the end, I chose ICP. However, NEAR increased from $2 to 10 times, while the ICP I purchased only increased by more than twice at the highest. As a result, I was unable to recover my capital and could only watch my funds shrink. Finally, when it was at a low point, I was anxious to use money to cut the meat, and I sold it back for around 20,000 yuan. This investment lesson was profound and taught me not to put all my eggs in one basket. Therefore, in this bull market, even if I am optimistic about a certain project, I will not go all-in. At the same time, if you only hold one currency and it does not rise for a long time or the returns are very low, your mentality will be seriously affected. Therefore, diversifying investments in two or three different sectors, with the east side bright and the west side bright, can help relieve anxiety and reduce risks. $FIL $ARKM $ICP