If you are not born with luck, have not met the guidance of noble people, and are not an outstanding smart person, then it often takes three complete cycles to accumulate wealth in the currency circle.
In the first cycle, like most novices, you are attracted by the stories of people around you or on the Internet about getting rich. Maybe when you first get involved in this industry, you will tentatively invest some money, but if your personality has a high risk appetite, you may also spend all your money, even borrowing money, to pursue high returns. At this time, the market seems to be prosperous, and you can see a huge increase in assets every day. You are full of hope and know nothing about the risks. You only feel that wealth seems to be within your reach. However, with the advent of the bear market, the market fell sharply, and you firmly believed that there would be a rebound, but in the end you suffered heavy losses and your principal was wiped out.
In the second cycle, after experiencing the baptism of the previous round, you still choose to stick to the currency circle, which proves your persistent pursuit of wealth. You've experienced the ups and downs of the market, from hopeful bull markets to despairing bear markets to mundane sideways periods. In the process, your patience is gradually worn away, and you start to ask around for information, trying to find a shortcut to getting rich. You start to try short-term operations, hoping to make more profits. However, due to lack of experience and judgment, most of your funds are consumed waiting for the arrival of the bull market. When the bull market really starts, you find that those who simply held have received huge returns, while your assets have shrunk significantly. Although you are unwilling to do so, you still choose to stay in the currency circle and look forward to the next opportunity.
In the third cycle, you have experienced another round of bear market torture, and most of the assets in your hands have returned to zero, leaving only mainstream currencies such as Bitcoin and Ethereum. At this time, you have a deep understanding of the cruelty and ruthlessness of the market, but you still have not given up the pursuit of wealth. You begin to study the knowledge and skills of the currency circle in depth, and learn how to choose high-quality targets, judge market trends, identify true and false news, and grasp market sentiment. While struggling at the bottom of the bear market, you mastered skills such as hair-raising, arbitrage, and on-chain interaction. These experiences were all obtained with your hard-earned money. Finally, at the end of the bull market, you successfully accumulate wealth and reach a satisfactory number.
Looking back on this journey, you will be filled with emotions. You understand that the currency circle is a market that emphasizes narrative over value. The rise and fall of currency prices often depends on the level of market sentiment. You also learn how to strip away your emotions and observe the market from a more objective perspective, thereby remaining calm and rational between buying and selling. At this moment, you are no longer the newbie who just entered the currency circle, but a real investor. You understand the principles of making money, know how to allocate assets, grasp new narratives, and use strategies such as bear market swaps for big pie ether to accumulate wealth.
Although your road to success has not been smooth sailing, it is these experiences that make you appreciate your current results even more. You feel that if you have the guidance of noble people, you may be able to avoid many detours, but you also know that every successful person must experience his own growth and hardship. Now you are standing at a new starting point, ready to face more challenges and opportunities in the future.
