If someone writes the history of the cryptocurrency circle, his name will definitely be mentioned in the country, but his reputation will definitely not stand up. It’s embarrassing to call him a hypocrite. The reason why he can stand out from the cryptocurrency circle KOLs and become the so-called "top streamer" is largely because of his frankness and straightforwardness. This is the biggest difference from those KOLs who are hypocritical but secretly cutting leeks. But now they have begun to cover up, and they have to do so. It’s not easy to get angry after receiving money.

1. First of all, let me make it clear that he is a completely successful grassroots trader. He has the skills, but everyone can see that his risk control is too weak. On the other hand, high risk and high return, this courage and bravery can get unparalleled explosive returns when used in the right time and direction. At present, he may be obsessed with his small goal of 100 million.

2. If he started from hundreds of thousands or millions and worked his way up slowly, or just bought some spot goods, it would not be difficult to make 100 million in one or two years, but he chose to make the big bet - perhaps a steady investment like buying spot goods was not his destiny, so he would rather return it to the market than take the steady route.

3. He is not the kind of analyst, nor is he a slightly heard American high school student who picked up a piece of gold by luck and charged a fee to recruit people to make money (in fact, he has no skills at all) - in other words, what you call value investment. If this thing is right, then you say you are a value investor. If you are really capable, you should be ranked on the Hetongdi and Bikan rankings, so you are not qualified to comment that he is a lucky gambler. You are not on the same track because you have no skills at all.

4. After reading several answers, only a few people mentioned that he resembled Jesse Livermore, the protagonist of Reminiscences of a Stock Operator. He also had a large position in short selling, a small amount of capital, and went bankrupt many times! The most rare trait they share is his courage! ! He treated tens of millions of dollars as happy beans.

5. What would ordinary people do if they suddenly had tens of millions of yuan? House, car, mobile phone, and enjoy life, these are definitely what they need, right? Most people would save 5 million yuan in a fixed deposit, earn hundreds of thousands of yuan in interest every year, and enjoy life with wealth and freedom. There are many highly praised answers on Zhihu; but he didn't do that. The phone he uses to post on Weibo is still a Fruit 8 Plus, and he still rents a house for a year.

6. You said that tens of millions are not money in his eyes because he is "unworthy of his position" and does not have a correct view of money. In fact, you ordinary people don't understand anything. This is vision and courage. Tens of millions are just numbers in his eyes. In the words of Jesse Livermore, these money are "just deposits" in his eyes. This is vision. He is not playing this purely for material enjoyment. If it were him, he would have retired long ago - he has even been spending money, donating hundreds of thousands, not accepting advertisements, not inviting rebates, and dissuading newcomers from entering the cryptocurrency circle, and sending out red envelopes of 10,000 yuan (of course you can think this is his vanity).

But you think he is just a pure gambler. Why don't you make a bet with me? Isn't it funny? (Of course, the current loan debt operation is indeed a bit obsessed. At the same time, the Vs who have landed in the cryptocurrency circle through debt operation are all paying tuition fees to survive the catastrophe. They will all rise in a bull market.)

7. There were some people who made money by short selling on May 19, but few made as much as he did. He dared to place a big bet, and even continued to increase his position after making millions of floating profits. No one here can compare with his courage (not afraid of reversals and rebounds and profit drawdowns). His style is not the steady style of the older generation of traders, and he even committed a big taboo in trading - heavy positions at high multiples. This is why he was criticized. Such a brat who completely violated the trading rules will go bankrupt in the end, which is in line with your expectations, not making a fortune.

8. I used to think his father was abominable for deducting money from him, but now it seems that he has secured the most basic living security for him in the future. Now he is in debt of more than 10 million yuan to play contracts (this is not advisable), which has a great impact on his trading mentality. Debt will magnify his shortcomings, and once his mentality is messed up, he will have nothing (he may not agree with this, but I think his father has at least saved his capital).

Livermore also experienced trading with a debt of millions of dollars. He finally turned things around by discussing with the friends who lent him money to first legally eliminate his debts, and then repay the money after he made a comeback.

9. Finally, let's talk about virtual currency contracts and spot. For an ordinary person with only tens of thousands of yuan in savings, if he has already played with high-risk investment products such as virtual currency, would he still be willing to play with spot? Do you think everyone is a high school student who can easily take out tens of thousands of yuan and keep it for a few years?

The altcoins are cutting leeks, and the spot price of BTC doubles to tens of thousands. For futures and the stock market, there may be a lot, but for the currency circle, this is nothing.

If you want to gain unprecedented wealth, you can only use contract leverage to get greater returns. People who don't know how to trade can't hold on to spot goods even if they buy at high prices, or they often sell at a loss in the end. It's better to play with contract leverage, do one-sided trading at a low multiple, and at least multiply your profits several times when you encounter a big bull market.

10. He is full of adventurers. There are people who have the skills to see the right direction, but they are more conservative, and the rate of return is average; there are also gamblers who place heavy positions. Who can't do that? But there are few people who have both. I think this is also the reason why those bosses are willing to lend him 10 million and not to ask for repayment.