It usually takes three cycles to make a fortune in the cryptocurrency circle.

The first cycle.

You are usually attracted by the news of people around you or getting rich online. If you are a conservative person, you may buy a little to try. If you have a high risk appetite, you may buy a lot, or even take out a loan. At this time, the price basically rises every day. You are ambitious and don’t know where the risk is. You only feel that the future is full of hope, and the wind all over the world is blowing the smell of money. What is a wash, what is a run, what is a crash, you know nothing, and you have no idea of ​​the cruelty of this market.

I thought to myself, it turns out that this is so profitable. If I had known that I would sell my car and house, why would I work or go to work. You are extremely excited every day and have lost interest in everything. People also lack patience and look at the currency with their eyes open and closed.

Soon the bear market came, and the market fell at a rate of 10%-30% per day. You believe that it will rebound. In the end, you lost your principal.

The second cycle

People who were swept away by the first round of cycles and still chose to enter the cryptocurrency circle in the second cycle are persistent and extremely eager for wealth.

I have experienced the peak of the bull market full of hope, the bear market of the valley of despair, and the sideways correction period of ups and downs.

During the days of sideways and decline, your patience is almost exhausted.

You start to ask around for news, some make money and some lose money, and you only hear stories of people getting rich.

You start to fantasize that you buy here, sell at a high point, and then buy it back. You start to have a disconnected band thinking.

You are sure that there is a bull market, but you don’t know when it will come.

You plan to make other adjustments to your plan and make as much money as you can. Most of your money was consumed in the market before the bull market came.

The principal in your hand is getting less and less. At this time, the bull market started. You found that if you bought it, you didn’t care about anything. It is estimated that you have made 3 times the money, but now your assets are reduced by half. With the only assets, you are sure that the bull market is coming this time. Cautious and radical people begin to become bold in the face of the opportunity to get rich, and you start buying. In less than 2 months, you really made 3 times the money.

At this time, the market is good, and there are good news everywhere, just to encourage you to buy, buy, and continue to hold.Every time you want to sell, there is always a voice telling you that this is just the beginning.