I am nearly 30 years old this year, and my assets far exceed this number. My annual net income also exceeds this number. I don't rely on any family. I feel that I have a good understanding. I have summarized my personal experience. It is mainly about using leverage reasonably and adding the ability of data analysis. There are two types of leverage, one is the relatively simple leverage of money, and the other is the leverage of people.
Let me first talk about the leverage of money, which is easy to explain. A few years ago, many people took advantage of the city bonus to buy houses and realized rapid asset appreciation in big cities. In fact, most of the previous wave of arbitrageurs were subtle logical inferences, and basically bought houses based on their feelings; but because of good luck and courage, they encountered this wave. Let me talk about the wave from 2015 to 2016. At that time, I remember that in the first half of 2015, the market was still destocking, and most houses were basically unsaleable; national policies were also vigorously promoting destocking, and many quasi-first-tier cities basically had no purchase restrictions, and the interest on mortgages could be discounted, and the discounts given by real estate developers were also very large. I used to be particularly interested in data. Due to work reasons, I often do data calculations on the order of tens of millions. Data analysis didn't exist in 2015, and artificial intelligence had not yet emerged. Most companies actually used it to demonstrate marketing results, mainly summarizing past operations. Few people actually studied future predictions. Maybe it was because I was still young at that time. I was passionate about my work and had more time. I used my off-get off work time with my colleagues to make a real estate market prediction model, and finally selected Wuhan Optics Valley and Software Park areas. We believe that these two places have the most potential in the future. Then I made an appointment with my partners and went house hunting after get off work on Friday. At that time, because we were working in Shenzhen, we were used to the high consumption in Shenzhen. Everyone bought 1-2 houses. Some colleagues with more affluent families bought houses for themselves and their parents respectively. Time passed so quickly, and it was the second half of 2016 in the blink of an eye. The increase in the first half of 2016 during the holidays was the highest in the country. I won't talk about the rest. Several of my colleagues are very happy. From 2016 to 2018, buying a house is like hiring someone to work for you. Their asset appreciation rate is actually the same as what I earn in a year, so it is not difficult to earn 1 million yuan a year, because there are 2-3 people working for you. More recently, the stocks in the first half of 2019, many people around me have switched to the above, I have limited time investment, but my personal income has reached more than 42%, which is basically a combination of quantitative + human methods.
Next, let's talk about the leverage of people, which is a more advanced way of playing. When I was working at Tencent, I was thinking about a question, that is, what should the programmers and product managers do when they are 30 years old? I have a strong sense of crisis. After thinking about it, I found that there are only two ways in the end. One is to start a business and the other is to invest. In fact, both of these ways also use the leverage of people. Starting a business is to play the role of your team, and investing is to play the role of the founder. I started starting a business in college and have worked in several companies, but I stepped on the pits all the way and made little money. It may be that my own ability is not enough, and I am not able to be a good CEO for the time being, so I will invest first. I have always been very picky about choosing bosses and companies. If the boss does not really obey you, it is difficult to manage the boss. Before coming to Tencent, I researched many investment institutions, and later I met my current boss by chance. The boss was the top scorer in the science college entrance examination in a certain place, and studied computer science at Tsinghua University. He is a veritable academic bully. After talking with the boss, I found that he has a very high vision and is an all-round boss with high ideological character. It really fits the school motto of Tsinghua University "Self-improvement and Morality". I am a breath of fresh air in the investment community. I have been doing angel investment for 3 years. Early angel investment is different from later VCPE. After round A, many companies have mature data. Just look at the data evaluation. But the financial reports of early angel companies are not worth reading. They are basically losing money, and many products have not been made. More than 60% depends on the team and technology, that is, knowing people and investing in them. Our success must be based on the success of the founder. If the founder succeeds, the benefits here are far greater than buying a few houses.
Then I started playing in the cryptocurrency circle in 2017
The real way to make money in the cryptocurrency world is to start with DeFi
When DeFi just came out
Liquidity Mining
Various dog projects have an annualized return of 5w%. Dig the first mine and run away. If you run too slowly, either the pool is gone or the project owner has shipped the goods and run away.
Later, one account on Uniswap had 400 Uni tokens, which allowed several of my small accounts to reap the benefits.
After that, the dot was split into 100 dots. I entered the market at $3 and then sold it at a high of more than $30. At the same time, I also sold uni and sushi.
When ETH was over $500, Nvidia’s 30 series 3060ti graphics card was released on December 2nd. I bought a batch of 3060ti graphics cards at 3600 USD. I kept adding more cards and have been mining till now.
Part of the mined ETH was exchanged for Shib. The Shib that was ambushed in April increased 10 times in May.
After the crackdown on mining in May and June, the focus shifted to Axie, and people started buying pets like crazy.
What I have said above are all projects that I have personally experienced, and experienced people should understand them.
My personal feeling is that I have been in the cryptocurrency circle for a long time. Sometimes the bull market has come, but I am in it unconsciously. I often run to get on the train every time.
There is no shortage of opportunities in the cryptocurrency world. It depends on whether you can seize them.
I didn’t get on board during those months when Musk was promoting Dog, so the price took off, but I don’t regret it. If you miss it, you miss it. Be patient and learn more about the cryptocurrency world. When you find a new opportunity, you will be the first to rush in. You are likely to be the meat eater.
Talk about the feelings of making money in the cryptocurrency circle in recent years
I am very glad that I am constantly learning new things in the cryptocurrency world. In return, the cryptocurrency world has helped me realize my dream of getting rich quickly.
The essence of wealth is snowballing, just like rock-paper-scissors. If you bet right for several rounds in a row, the snowball will get bigger and bigger, until the pool can no longer accommodate your snowball, forcing you to break the snowball into several small snowballs and repeat the above operation.
But as time went on and the snowball got bigger, I lost the special feeling I had when I first started making money. I began to think about the meaning of making all this money. . . . . . . . . . . . . . . .
After a long period of deep thinking and learning, I gradually gained a new understanding of this matter.