It is very simple to make 2 million from 10 million in the currency circle. You don’t even have 10 million, right? (via CoinsRadar.net):

Bitcoin does not cut off anyone, and it also cuts off anyone, including world-class bosses.

Musk, the world's richest man, lost 600 million in currency speculation, which became world news.

We leeks are all happy when we see this news. It's like we don't necessarily feel pity when we see the poor being unlucky, but we definitely feel happy when we see the rich being unlucky.

"We prefer to watch heroes end than ordinary counterattacks."

Since Musk entered the currency circle, Bitcoin enthusiasts all over the world have been celebrating. Then Musk used his celebrity effect to disrupt the currency market. Now Musk's halo has gradually faded in the currency circle. This is an overdraft of his own weight.

There are still many celebrities who have lost money by speculating on Bitcoin.

Son made a personal investment in Bitcoin at the end of 2017 and sold it in early 2018, resulting in a loss of more than US$130 million.

Actor Liu Tao's husband Wang Ke lost 1.2 billion in currency speculation. Liu Tao posted an article late at night and his mentality was completely shattered.

Meitu boss Cai lost 13 million by trading in Bitcoin, and made more than 100 million at the highest point.

Wang Feng speculated on Bitcoin and lost his position overnight

…

Don’t look at the big bosses and the awesome people buying Bitcoin now. When the bear market comes, they will still be harvested.

The currency circle is a strange circle. As long as a celebrity or exciting news comes out, the price of the currency will skyrocket immediately. No one cares whether it is true or false, whether it has substantial value, and just chases the popularity and just goes for it.

It has been ten years since the birth of Bitcoin in 2009, and during these ten years, there have been four recognized bull markets. So how many of the many cryptocurrency participants have actually made money?

The answer is very few. Only a very small number of people have achieved financial freedom through cryptocurrency. Most people are already very good without losing money, let alone making profits.

Why is it so difficult for ordinary people to make money in the currency circle? With doubts, Tianji began to meditate.

What are the things that make money in the currency circle?

There are basically the following types of people who make money in the currency circle:

Those who start early.

This kind of people have been exposed to Bitcoin very early, and they are far ahead of ordinary people from the starting point.

When the author knew about Bitcoin, it was more than 2,000 US dollars per coin. When they knew about it, it was still a few RMB per coin.

For example, in the early game power leveling, you could mine more than a dozen coins a day while playing the game. You can imagine the huge cost difference.

2. A person who operates a mine.

This kind of people are even more powerful. A computer can only mine a dozen coins 24 hours a day. They directly cover the land to build factories and use hundreds or thousands of professional mining machines to mine, even though the cost is higher than that of the first batch of people. points, but the numerical advantage is incomparable.

3. The person who opens the exchange.

How do you monetize the mined coins? Naturally, you need powerful exchanges around the world. Of course, you are not allowed to trade in vain, just pay some handling fees.

The handling fee for a single transaction is not high, but it cannot handle the large number of transactions worldwide.

4. People who provide services to the currency circle.

This is just like the gold rush that broke out in the United States a long time ago. Most people bought shovels to dig for gold. However, one person did not dig for gold. Instead, he provided services for gold diggers, such as providing pants that are not easy to wear, such as jeans. This is how it came about.

Not many people make a fortune from digging for gold, but this guy who sells pants did.

It's the same in the currency circle. There are some people who don't mine and only provide mining machines to those who mine.

5. A very lucky person.

At the end of the bear market, those who entered before the bull market started the bull market as soon as they bought.

But this kind of people often spit out what they earn in the end. There is a wise saying in the currency circle: "Money earned by luck will be lost by skill."

6. Rich people.

A novice who enters the currency circle with tens of thousands is likely to lose money, but there is a possibility of making money by entering the currency circle with millions.

The author will analyze the logic behind this in depth:

Newbies who spend tens of thousands to enter the industry are mostly testing the waters. The characteristic of novices in currency speculation is blindness. They buy this coin after hearing what Zhang San says is good, and buy that coin after hearing what Li Si says has potential. Due to lack of knowledge, he has not been baptized by the market, his transactions are immature, he does not know value investing, and he has no personal subjective judgment.

Even if a novice knows that buying a big pie is safe, he does not know why buying a big pie is safe. Even if a novice makes money by buying the pie, he cannot resist the temptation and will buy other coins, resulting in loss of money.

Another characteristic of novices is that they want to make quick money. Obviously, the returns from investing in the pie are not as high as those from other currencies.

These are newbie questions! !

However, novices who use millions to speculate in coins have a greater chance of making money.

Think about it, a novice who uses millions to speculate in cryptocurrencies must have made a lot of money before, and he must have more money. People who have made a lot of money must have a higher understanding of making money than ordinary people, and they know how to allocate funds better, know how to control themselves better, and will not make wrong judgments because of short-term losses.

The author has said before that speculating in cryptocurrencies is to control yourself, and controlling yourself is the most difficult thing in the world.

The most important point is that even if a novice who uses millions to speculate in cryptocurrencies suffers a loss, he still has more money to cover his position to achieve the final profit.

Therefore, it is easier for old leeks to make money than newcomers, and it is easier for rich people to make money than those with limited funds.

7. People who were exchange currency traders in the early years.

In previous articles, the author has said more than once that it was easy to do exchange currency traders a few years ago, and there was no freezing of cards. You could make more than 10,000 yuan a day just by doing it casually. At that time, the currency trading circle was not something that ordinary people could enter. Newcomers who found someone to guide them to become currency traders had to pay more than 100,000 yuan in tuition fees.

That's it, others may not guide you.

But now the exchange currency traders are different. They make money from selling cabbages and bear the risk of selling fen!

As many people from the black and gray industries join the cryptocurrency circle, it is very common for cryptocurrency dealers to freeze their own cards, and they may even be forced to do so by their uncles.

The old cryptocurrency dealers who made money have long since retired, or like the author, they only serve their core customers. Those who are still doing this are a group of newcomers who eat the leftovers of this industry.

In the cryptocurrency circle, it is very easy to make 2 million with 10 million.

For example, if you bought POLYX with 10 million the day before yesterday and sold it today, you would have made more than 2 million.

Haha, this is the common problem of old leeks, they love to fantasize, if they buy this coin, buy it at this price, and sell it at that price...