In 2017, I, Xiao A, first entered the cryptocurrency world. At that time, I knew nothing about digital currencies. I only had a passion and a starting capital of 1,000 yuan, but ended up losing everything. At that time, the price of Bitcoin was still at 60,000 yuan.
However, at the beginning of the year, Musk's strong support made Dogecoin a rising star, and the skyrocketing market was eye-catching. I caught the red envelope activity of an exchange and easily got 50 yuan worth of Dogecoin by scanning the red envelope code. Then, I used some channels to collect Dogecoins received by others and converted them into USDT to earn the difference, successfully earning a starting capital of 6,000 yuan.
With the 6,000 yuan, I became more daring. Since I didn't invest any principal, I was relatively relaxed. By chance, I noticed a currency called Pig. The surge in Dogecoin at the time made me see similar potential, so I shared this discovery with my friends and decided to buy some Pig coins. As the purchase progressed, I gradually invested all the 6,000 yuan in Pig coins.
As the saying goes, when the hotspot comes, even pigs can fly to the sky. The market of pig coin really lived up to expectations. In just half a month, my investment soared from 6,000 yuan to 200,000 yuan. However, human greed prevented me from stopping in time. I always thought that pig coin could continue to rise to 400,000 yuan, so I missed the best opportunity to make a profit. With the fluctuation of the market, the price of pig coin began to fall gradually, and I ended up suffering heavy losses, falling from 200,000 yuan to only 10,000 yuan. In pain, I reluctantly sold all the remaining pig coins.
When I only had 10,000 yuan left, I felt really disappointed. At that time, I was just trying to check the news, but I found that Lao Ma liked a new currency called babydoge. This currency was less than half a month old, and the design of its official website seemed quite cheap, giving people the feeling that it could be bought with just a few hundred yuan on Taobao. However, I still decided to go all out and invest all the remaining 10,000 yuan in it.
Since Babydoge's high slippage rate reached an astonishing 12%, I was deducted 1,200 yuan in handling fees the moment I bought. This made me extra cautious in subsequent transactions, because every sale would face high handling fees again. So, I decided to adopt a lying strategy and wait for market fluctuations.
During this process, the price of Babydoge experienced ups and downs, and the wash was quite strong. However, it is gratifying that as the currency was listed on multiple exchanges, its price gradually climbed and finally rose to 120,000. After deducting the handling fee, I successfully withdrew 110,000 funds to my bank card. This is real income, which makes me feel relieved.
In subsequent investments, I became more cautious. Although I invested in some small local currencies, I didn't dare to invest as much as before. After all, the money I got and the money I didn't get have completely different psychological feelings. After getting it, I was more afraid of losing it. Therefore, in subsequent investments, I basically adopted a strategy of small-scale investment. Sometimes I would encounter self-pull currencies that rose dramatically overnight, making me a lot of money; but sometimes I would encounter bnbh currencies that plummeted overnight, causing me to suffer heavy losses.
In November, I made another move and bought raca's Yuanshou at a price of 30,000. Although this investment was later than the previous babydoge, I still made considerable profits through the reinvestment strategy. In the end, after making a profit of 80,000, I decisively chose to sell it. Although I regretted not continuing to hold it and wait for higher returns, for me, this was already a pretty good return. Anyway, I followed my own way of not playing with leverage, not having faith, and running when I made a profit. With this guerrilla approach of "small bets for big gains", I slowly made the funds back to 200,000 and put them in my pocket.
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