My total investment return should be around 15 times.
My investment strategy is to use 70% of the funds for long-term investment and the remaining 30% for short-term speculation.
I entered the cryptocurrency circle in May 2017. When I first entered, I was not in a hurry to buy coins. Instead, I found a book about blockchain and read it. The name of the book was "Mastering Bitcoin". This was the first book I read. This book gave me a deep understanding of Bitcoin and blockchain technology. It seemed to open up another world for me, dispelling my previous misunderstandings about Bitcoin. I knew that this was a huge market and trend that could not be stopped by anyone or anything.
The Internet spreads information, while blockchain spreads value. Its impact on society is even greater than that of the Internet. Based on this, I have faith in blockchain. I believe that without faith and understanding the basic theories of blockchain, you cannot hold on to the currency.
I spent a week looking up a lot of information and then started buying coins. I took out 700,000 yuan at the beginning (this money was part of my previous p2p investment, which basically achieved an annualized return of 40%, all of which were new targets invested through channels), and bought Bitcoin, Ripple, Ethereum, and NEO. At that time, these coins were all undervalued value coins, and now looking back, they are. But I was not sure at the time. I just read a lot of public accounts and studied their white papers a little bit. I felt that they were valuable, so I invested.
Forty percent of my funds are allocated to Bitcoin, which will never change and will not be sold in the foreseeable future. I sold Ripple, Ethereum, and NEO that I bought previously when they rose ten to twenty times. Looking back now, I sold them too early, but no one could have predicted that the market would be so crazy in the future, and I have no regrets.
After I sold them, I basically haven't built any positions. The most recent large-scale position was when eos fell to around 30. I built eos, ae, true, trx (speculation, this coin is hot and has speculative value, but it will not be held for a long time), ht, okb, loom, which are basically long-term holdings. eos, ae, true are public chains, ht, okb are platform coins, and loom is for gaming. 2018 is the year of public chains, and platform coins already have landing scenarios, with relatively controllable risks and expected increases. loom is for gaming, and it is the easiest direction for blockchain to land. I have never sold these coins, and I had a short-term ambush on soc before because it was a hot topic in the World Cup, but it was not a value coin. I sold it when the income reached five times. I won't list the other ambush coins one by one.
I think the timing of entering the cryptocurrency investment market is very important. Ambush at a low position (to be invincible), choose the right time to make a move, Bitcoin is king, position 40, never sell. The total value of the position is now about 17.7 million, and the total investment is about 1 million.
Nowadays, people generally do not invest in the secondary market, but follow private equity in the primary market. I think that 60% of cryptocurrency investment depends on cognition and 40% on luck. Having channels is even more beneficial. Only those who can hold on, see accurately and sell hard can be invincible.
Another very important point is patience. It takes time for any coin to grow.
Asset allocation is also very important. I have invested about 40% of my own funds, and will increase it in the future based on the development of the trend.
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