$BTC $OG #热门话题

Today I saw another tweet about a contract going bankrupt.
Let me tell you my own story.
It’s a long story, so let me explain it to you slowly.
If you are a newbie in the cryptocurrency world, I suggest you listen to this story.

The general storyline:
2017: Deposit 1.5 million - Highest 8 million - At the end of the year, the market turned bearish and cashed out 2 million - Played the contract for a month and lost 2 million and was penniless
2018: Deposit 30,000 - Maximum 500,000 - Multiple liquidations with triple leverage - Return to zero again
2019: Deposit 30,000 yuan - Maximum 500,000 yuan - Return to zero - 100,000 yuan left
20-21: 100,000 yuan to more than 10 million yuan.
October 2023-2024: more than 200,000 U, the highest was 1.7 million U, currently 900,000 U

17 years:
Deposit 1.5 million - Maximum 8 million - Cashed out 2 million at the end of the year - Lost 2 million in one month of contract trading and was penniless
This round mainly involves losses in spot profit contracts.

I heard from a friend in August 2017 that buying BTC can make money and asked me to buy some too.
I bought it for 20,000 yuan, and then a week later I experienced 9.4
The price of 20,000 yuan was cut in half to 10,000 yuan and then I sold it.
After a while, my friend said that the price has risen sharply.
I saw that it was indeed true, and then he recommended me to buy a copycat coin called BTS.
(The last project that BM released EOS was also very popular at the time, saying that the technology was awesome and so on) It was pushed to around 0.6 and the highest should have reached 5. I bought some at the beginning and saw that I could make money, so I invested all the money I had at the time in the cryptocurrency circle and invested 1.5 million in it
At that time, I made about 200,000 to 300,000 yuan every day after waking up. In two months, my assets reached 8 million yuan. I was very proud of myself and thought that making money was easy. Later, when the market fell sharply at the end of the year, I ran away and cashed out 2 million yuan.
It was probably in early 2018, around January or February, during the Chinese New Year. Because the market was not good, I couldn’t make much money from spot trading. Some of the groups I joined were showing off their contract earnings, so I went to Ouyi to play contracts.
I gambled away the remaining 2 million in one month. I was a complete newbie at that time. The money came too quickly in those two years. In 2016 and 2017, I made 1.5 million from a game studio. In the bull market for another two months, my assets grew rapidly. I was still a junior at the time. During the Chinese New Year, I lost the last 200,000 on the way to school. My hands were shaking at that time. It was probably the first time in my life.

18 years:
Deposit 30,000 - Maximum 500,000 - Triple leverage, multiple liquidations - Return to zero again
This round mainly involves making money through trading and mining.

After the Chinese New Year, I went to school. The previous game studio project also failed. I continued to focus on the cryptocurrency circle. This year was an advancement. I started to get in touch with things in the primary market. The hottest thing at that time was Longwang’s platform coin. I think there was a dividend or something. I forgot. But there was a new model of trading and mining. The most famous one was ft. The first platform I came into contact with was a very small platform. I forgot what it was called. At that time, I invested 30,000 yuan in it, wrote scripts, and brushed transactions to give dividends to the platform coin. This platform may have made tens of thousands of yuan. Later, I played the CEO’s platform. At that time, you can make money while mining. You sell it after mining. I made dozens of points. There was also a digital currency that made a little money at that time and ran away. These two platforms can make several times the project, but I may have only doubled it. The highlight later was ftcoin. At that time, it had a pre-mining period and the cost was very low. I didn’t understand the rules at that time. I thought that mining would start on the first day after the pre-mining period. It seems that it was pulled up 10 times on the first day of its official launch. 0.1-1U. Later, it doubled 10 times again. I didn’t make much money on FT. After it increased tenfold, I felt there was no more room for growth. At that time, it relied on the big account to invite the small account, so there was a commission for the handling fee. The mining, withdrawal and selling relied on this commission. I didn’t know it until someone told me later. I probably made about 500,000 yuan through this set. It might have been July or August. There was nothing to play with. I went to open a contract again. At that time, I might have opened ETH or LTC, I forgot. I went long on Huobi with 3x leverage. Unfortunately, the 3x leverage also exploded. I was penniless again.

19 years:
Deposit 30,000 yuan - maximum 500,000 yuan - plate reset to zero - remaining 100,000 yuan

There was nothing interesting to do in the cryptocurrency circle this year. Everyone was playing with the CX plate. At that time, some coins on Huobi opened the CX mode and directly increased tenfold.
The more popular ones are plustoken, Bell Chain, and I forgot some others.

This year, I invested another 30,000 yuan. The first project I came into contact with this year was a copycat of NeoWorld. I forgot what it was called. NeoWorld was very popular at that time, but I did not participate. I participated in a copycat project made by a company in Nanjing. This project was neither profitable nor loss-making. Then I made a similar trading mining project with 30,000 yuan and made about 200,000 yuan. Then I bought BRC at 4 yuan and sold it at 10 yuan. It doubled more than doubled. I also participated in the HT coin issuance at that time and made several times more. Including ZB's IEO, I also won a period and made tens of thousands of yuan. The total amount is about 500,000 yuan. At that time, someone pushed me to do plustoken. I thought it was a scam. It was not listed on the exchange. Well, I stepped into another scam, Bell Chain, because BRC was listed on the exchange ZB and Huobi at that time. These are all big exchanges. I think it is more formal... At that time, BRC also pulled up a hundred times on ZB. I was fooled into playing Bell and invested in 4 accounts. It is worth about 500,000 yuan. In the end, Bell collapsed and I compensated some coins and sold them for 100,000 yuan. This year basically passed like this. At that time, Bell 800 ETH, I had 500. In 21 years, the highest was more than 4000 U each.

2020-21:
100,000 yuan - make more than 10 million yuan.
Basically, most of the group friends I have met in the past few years who have survived to this stage have earned at least a few hundred dollars in the past two years.
I didn’t make any money in the secondary market during this bull market.
I also missed out on a lot of hundred-fold coins.
Because in the past two years, I have basically been making money by relying on the first level.
Main sources of funding:
1. Uniswap airdrop left four accounts empty and sold them for 100,000 yuan.
2. At that time, ETH's DeFi was very popular, but I didn't know how to play it. Later, Huobi's Du Jun came out to support it. I played MDX and made about 100. Bags made about 20. There was also a semicolon ht. At that time, 50 accounts were divided. One account airdropped 1,000 U. I also made 50,000 U. Anyway, Huobi Chain had a lot of wealth effects at that time. I probably made about 200 on it.
3. When Huobi Chain failed, I went to Binance Chain. The two projects that made the most money were the two that were baked at the time, one was raca and the other one was something I forgot. They both made 10 times the profit. I made 200,000 U from these two projects. Including the raca that I kept for 300U, I sold it for 30,000 U.
That's a hundred times. And I was playing when raca was crashing.
(I didn’t have the skills at the time, so I bought someone else’s software. To be honest, if you had the skills, you could easily make thousands of dollars in the cryptocurrency circle that year.)
4. I basically forgot about the other miscellaneous things. I made a few hundred dollars by doing arbitrage and quantitative work on the chain.
In total, he made almost 10 million.

I didn’t play NFT, I didn’t play chain games, I didn’t play the second level
There are too many opportunities to make money but I don’t participate.

The past 22 years should be relatively uneventful, but there are some big regrets.

I got some arb airdrops and stuff and made a few tens of thousands, nothing much to mention.
I missed the biggest opportunity this year, Luna moving bricks
I am a professional brick mover, but my technical level is not enough and I didn’t run Luna chain at that time.
Only ran some evm chains.
This may be the closest I've ever gotten to A9.
As long as Luna is developed, at least A9
We encountered this problem three times when we started developing software after Luna was shut down.
The chain suddenly plummeted by 50%, and I made tens of thousands of U.
This is the time when there is no additional issuance.

October 23-24:
A single account has more than 200,000 U and the highest is 1.7 million U. Currently, a single account has 900,000 U
20-170-90
Of course I have other accounts.

This year is an opportunity for inscription. I didn't participate. I played it in May but didn't make any money. Later, when I saw others making money, it was time for Ordi to go public on Binance.
Main money-making opportunities:
1. I won’t talk about the opportunities of inscriptions. I probably made 200,000 U from inscriptions. I sold some inscriptions and made a net profit of 20,000 to 30,000 U. I didn’t sell many of them. I mainly bought turts, which made 50,000 U from 10,000 U. The highest profit was 30. Then I made more than 100,000 U from the auction items such as bssb and savm.
2. The second-level long and short opportunities are inscribed with fire auction and bake. I play both long and short. I probably made more than 100,000 U from this.
3. New coin second level I mainly made money by playing new coins in the second level. I didn’t keep statistics. Anyway, I played 50,000 to 100,000 U with one new coin at that time. The profit was about 50% to double. I basically never lost money. Except for the last time when I shorted ena and lost 50,000 U.
4. Other secondary market conditions are so good that you can make money as long as you buy this thing.

Reasons for the pullback:
At its peak, I saw that the account had 1.7 million U. It basically fell and maintained 1.4 million U for a long time. In fact, at this stage, you should have quit playing.
The result may be that the later the time comes, the more fomo people will be afraid of missing out.
There were originally more than 400,000 idle users.
This can be seen from the video on my Twitter in February. In the end, I was hit with a full position but I couldn't bear to sell. After that, there was only a simple pullback and then the market went completely bearish. The account has fallen to 900,000 U.

In fact, throughout history, I have never made money through contracts.
It can even be said that if I had never touched contracts in the cryptocurrency circle
We may have to go further than we have now because there is no shortage of opportunities in the cryptocurrency world.
When the opportunity came, I had lost my capital.
Most of the money is made through primary and secondary spot.

So if you are a newbie, I don't mind you playing with contracts.
Of course, I have also been doing the 100x Contract Challenge recently.
But you need to know a few points:
1. I have been in the cryptocurrency industry for 7 years
I have already been exposed to all kinds of market routines in the primary and secondary markets
He has fallen into all kinds of traps.

2. I only took out 10,000 U to play and I only did 5X low leverage
The cryptocurrency world will not open a full position. If you lose the initial 10,000 U, it’s lost.
Now that the funds are available, basically we play with 2x leverage.

3. You should sell contracts when the certainty and profit-loss ratio are high.
If you try to join a trading group where you can make money by relying on contracts and try to get rich by having a teacher who sends out price points and draws lines every day to help you make money, you will only lose everything in the end.
Most of the market time is garbage time.
You should choose the opportunity to make money before taking action.
This type of teacher basically:
I don't play 10U Ares myself, I don't open a real game
I don’t have the ability to make money and I don’t understand the logic of making money in the cryptocurrency circle.
When the market is good, they say they are awesome; when the price of the currency drops, they say the market is bad.
If you ask him to show his actual trading experience or make money, there will be absolutely no profit.

In fact, most people make money because of the bull market.
If the bull market doesn't come, don't think you can make much money.
The market is not good and you can't make money playing contracts
When the market is good, you can make a lot of money both in spot trading and at the first level.

If you want to play with contracts, I suggest:
For example, you can use one tenth of the cryptocurrency funds to play
Cash out when you make money, don’t compound interest unless it’s money you can afford to lose
Don’t be a gambler. Don’t play contracts with full positions. Don’t take out loans!

The figure below is the asset trend chart for the past 360 days.
I started working on the secondary market in October last year because Ordi became popular.

Coin has a real trading record.
But it was only started in February.
In addition, the locked bnb and sui coins are not counted.