I was one of the first people to come into contact with the circle.
I probably entered the cryptocurrency world during the bull market in 2017.
I didn’t know anything at that time. It was a stranger on Penguin who brought me into the circle.
After I came in, I didn't know anything and he didn't teach me anything.
But that was the time of the bull market, and I vaguely remember that ETH was only around 200.
But I didn't understand anything at that time. I just remember he said that I just needed to buy B T C and E T H.
At that time, I also had some contact with the stock market and it felt like it was similar to stock trading.
The key is what you buy at that time.
I don’t know when to buy or sell.
After making a small profit, I started playing on 🐲.com. Old players in the cryptocurrency circle should all know about it.
Just buy 🐲.com platform taiwan currency and enjoy the platform profit dividend.
The only memory I can find of 🐲.com now is a collection on WeChat. After all, that trading house has gone bankrupt.
At that time, I really thought that pink every day was enough for me to live.
You don’t have to go to work anymore, and you will receive a steady income every day.
But as the saying goes, you want his pink, and he wants your capital.
At that time, exchanges sprang up like mushrooms after rain, and all kinds of small, unknown exchanges were used, using this method.
Once the funds are dispersed, there is no motivation to maintain the continued rise of the Pink Platform Coin.
The price of the currency continued to fall. There were fewer and fewer pinks, and the beautiful dream was shattered.
It seems like there was a hacker attack or something afterwards, which caused the 🐲 website to be seriously damaged?
Then the price of the currency plummeted and Nongwang could no longer support it.
Later, I changed to other platforms and currencies, including Bitcoin, 🔥Coin, and also registered with Binance.
But at that time, Binance was not the leader yet, and there was no trading on Binance.
After so many rounds of bull and bear markets, I still didn’t make any money.
Because I always exit the bear market and enter the bull market.
Because I have never had spot goods, when I have money, I always play with contracts.
What I remember most is the time when I sold Dogecoin
It grew taller and taller and added deposits crazily, but still couldn't escape the fate of a cabin explosion.
It is not impossible to make a contract.
However, the proportion of the contract money to the principal cannot be too high, and the leverage of the contract cannot even exceed five times.
Therefore, his safety margin is very high and the cabin will not explode easily.
Even if you are extremely unlucky and unfortunately lose your position due to a margin call, the loss will only account for a very small part of your principal.
If you have a lot of capital, you can just use spot trading to triple or quintuple your money in a bull market, and there is absolutely no problem at all, and the risk is very low.
But my capital was very small, only 100,000 yuan.
Therefore, in this bull market, I will use low-multiple contracts to magnify the principal, minimize the risk and earn ten times the profit.
Never underestimate the 10x return. 100,000 will give you a million. A million will give you 10 million.
At the same time, don't dream of earning hundreds or thousands of times the profit by buying a certain B. Such a coin does exist, but do you think you will be the lucky one?
Even if you are lucky enough to get this coin, can you guarantee that you will not have the urge to sell it after it increases 10 times?
So just be honest and get the high probability and low risk returns in the bull market.
Don't think that you can soar to the sky by following some big boss in the bull market.
After all, we are all human. If there is someone who can accurately predict the market, he must be better than Buffett, and his name must be on the Forbes wealth list.
When the bull market comes, even pigs will fly. Maybe his rate of return is not as high as yours.
What we should care about are those who share their experiences and methods, and those ordinary people who, like you, have gains and losses.
In the next article, I will share my tenfold plan for the 2024 bull market.
Just sharing, not investment advice.
