25 years old, block chain worker, 4 years of speculation
I graduated with a bachelor’s degree in 2017 and worked in a technology company. At that time, my leader dug up a lot of Bitcoin through mining around 2015. However, he felt that it was difficult to say whether BTC was valuable. They sold it very early, but he was very I was optimistic about the blockchain technology, so I started researching it, and then I found this technology very interesting. I thought that BTC should also have investment value, so I bought some. At that time, there were a lot of altcoins, and I bought several in a mess.
At the end of 2017, it was a big bull market. With the deepening of research, I became more and more interested in blockchain. In 2018, I jumped to the most well-known cryptocurrency technology company at the time. However, as the market turned bearish, I also Lose more money. Because BTC is a strong trending market, it is difficult to make money in a bear market. I am considered a bull market. My thinking is a bull market thinking and it is difficult to switch. So when the market trend starts to change, I will still buy bottoms. Was buried. 80% of the money made at the end of 2017 was lost.
At that time, I didn’t have much money when I started working. My principal was only four to five thousand yuan, and I made seven to eighty thousand yuan at the most, but I lost five to sixty thousand yuan in the following year. Actually, it hit me. Great, especially a blow to confidence in investment. Because I have only experienced an upward cycle, and have not experienced a downward cycle, I have covered up and continued to fall, neither buying nor selling, falling into doubt in life.
The biggest problem with investment is that I don’t know the bottom line. Although I was very optimistic about Bitcoin at the time, it did not have a value support. The stock was supported by a company, but BTC did not. At that time, I didn’t know much about Bitcoin, and I didn’t know its support. So I was really panicked at that time. This was the main reason for losing money.
After 312, I didn't lose money and didn't make money. At that time, it fell to more than 3,000 and there was a rebound. I looked at that indicator and felt that I had to step on it again. I hung up at US$2,670 and did something else. Later, when I looked at it, it was more than US$5,000. No deal. I felt that it was going to go back up, so I started to open a contract and basically lost all the money I made from the short wave that went down.
Later, the price comparison began to fluctuate upwards. I think there may be a big correction, so I opened short again. Then the currency price quickly rose from 5,000 US dollars to 8,000 US dollars. When I saw that it was not working, I bought 1/3 of the spot spot.
Also in May and June, I started mining. At that time, the mining machine was very cheap. The latest Bitmain mining machine was only 20,000 yuan per set. I bought three of them because I couldn't control it without mining. I always wanted to trade, and it was easy to lose money.
8000 bought Bitcoin and then bought a mining machine. I was worried at the beginning, because at the price at the time, mining would take 500 days to pay back. At that time, the currency price was US$8000, but the output had been halved. I just feel that the mining income is stable, and I believe that the price of Bitcoin will rise.
In September, defi became popular in the circle. Although I didn't get it at first, I still need to study it. But watching others make money, I felt itchy, so I followed another wave of operations and lost another 30,000 to 40,000, no zuo no die, and I started to concentrate on studying again.
At that time, I had dozens of Ethereum in my hand, because after that wave of hotspots passed, it started to fall from US$400 to US$350 and I sold it. Although I bought some more later, I had dozens of them at that time, and I only bought a few in the end. I originally wanted to buy it back if I fell, but I didn't give me a chance, and the price continued to skyrocket. In a few months, the price has tripled. If I don’t sell it, I can make at least a hundred thousand more. Now I think my mentality has collapsed and I regret it.
My current position has half Bitcoin and half USDT. I'm waiting now. If I can fall, I will increase the position. As long as I know its value, it doesn't matter if I fall down. I have to believe that this thing can rise back. And if you judge a certain period, you can actually hold it. In a bull market, we must accumulate currency-based wealth. For example, this year's goal is to save 10 bitcoins. In fact, it only costs more than US$3,000 in a bear market, which is not too much. But if you believe it has value, 10 bitcoins are now $350,000. Just like value investing in the stock market, do what you can understand and look for its long-term value.
I chatted with an investment boss before, and he told me that investment must have a goal, not to invest blindly, and only after that goal can I know how to trade. The trading method of earning 10 times and earning 10 times is different, and the trading method of earning 3 times and 3 times is different.
Although there are similarities in the concept of value investing, I think stocks are not the same as Bitcoin. If you have to compare, I think Bitcoin is equivalent to an index, such as the S&P 500. A company may have some personalized reasons. For example, if the CEO has a problem, the stock price will fall sharply, but I think the biggest value of Bitcoin is that a single event has little effect on its price because it is already very decentralized. This is the decentralized thing, the biggest benefit of reaching consensus.
