The eighth type is the random casting method
In 2017, I just started to use cryptocurrencies. I only traded BTC, LTC, ETH, and ETC on Zhongbit. When I didn’t know which position to switch to, I just drew lots. It’s not realistic now. There are thousands of cryptocurrencies. So if you have a lot of money, you can pick some cryptocurrencies that you like, have a low market value, or have been very popular in the past. You can also buy some for a few thousand or tens of thousands of yuan. There is a chance of a certain increase in the bull market, but the risk is also uncontrollable.
In 2019, a friend paid me 5,000 yuan to recommend some very cheap coins to him. I would buy them and then sell them. I recommended 5-6 coins to him from Zhongbi. One of them was 1ST. I don’t know if anyone still remembers this first-blood coin. After a long time, he called me and asked me if I wanted to sell it, saying that a coin had increased by almost 100 times. I was confused and found out it was 1ST after checking. Later, they changed their names.
As far as we know, among the coins that we can buy now, there will definitely be coins that will increase tenfold, twentyfold, or even more in the next bull market. Unfortunately, we don’t have eyes that can see the future.
Sometimes luck can really determine a lot of things. Who in the cryptocurrency circle has not heard of a few stories of getting rich quickly that sound like fantasy to others? In the current environment where things can't be any more complicated, it seems that the cryptocurrency circle is one of the few industries that can give people the opportunity to stand up and make money.
Choice is more important than effort. It really shows its power in every aspect of human beings.
My own feeling: This is how it is in this market, you either get rich or go bankrupt, no one is better than anyone else, if you still want to survive, you must have confidence, you can't complain all day long. The currency market completely magnifies human nature, greed and fear, I think it is worse than the casino, and deception and fraud are the most rampant. Once you are willing to step into this threshold, you must be willing to accept defeat.
And we have to admit that it is actually very difficult to make money continuously in this market. It is more difficult than working in a job or doing business. Most people make money only by luck. It is because even luck is magnified in this market that most talented people are unwilling to give up even though they have suffered a lot.
The above two paragraphs are what I used to comfort my friend. After writing them, I feel really awesome.
