#Crypto
Hoarding BTC to outperform everyone is part of the truth, and the version of holding on is also the truth. Recommended reading.
Relatively speaking, I agree more with the version of holding on. Because it is closer to my entry timeline, the timing determines different truths.
Here is the version of the truth from entering in 2021, DeFi + arbitrage players (including myself):
1. If you FOMO'd in 2021, betting all your wealth on buying BTC at 40,000 - 120,000, your wealth tripled, congratulations.
2. In the first half of the year, I calculated that the overall position was about 100 times over 4 years.
From a single strategy perspective, there was no drawdown;
I have never been rugged;
Gambling positions and frequency were very low, can be ignored;
3. Profits are not only directly related to arbitrage, a small part also comes from:
Early product design outsourcing, technical outsourcing, and later there were also some extra income from strategy implementation, account boosting, etc.
4. My level of earnings, to be honest, is mid-tier among the groups I usually communicate with.
Risk control level is upper-tier.
Overall ability is upper-middle tier. I understand a bit about most technical directions in the industry.
5. If I could have entered the circle a year earlier, I would have been completely confident that my earnings would be x3 to x10.
Because I missed Luna, I was still working at that time, too inexperienced and naive.
All arbitrage players know what Luna means; it was a once-in-a-decade opportunity to change one's fate.
Most of the arbitrage people I know made over 10 million RMB from Luna.
6. There are many of us who entered the DeFi circle in 2020 and 2021, and a considerable number of people started from zero and stayed in the industry.
Four to five years have passed, and if you:
You actively trade without 100 times;
You do arbitrage and achieve less than 20 times;
You haven't caught any of the altcoins-NFT-meme-inscriptions-Trump series;
You haven't earned 1 million RMB a year as a KOL;
You haven't entered top exchanges like Binance while working;
---
Maybe you should consider being a bit more conservative in your future decisions.
The best time has already passed.
With so many simple versions, if you couldn't grasp them, why would the more difficult versions in the future belong to you...
Many people open their mouths to make illogical sophistry. In fact, now I understand that this kind of human heart is pure black, that is, it is shameful.
This kind of person either stops trading after losing money, or on the way to losing money, he can't see people who make money, and he is angry when others make money.
I just saw the screenshot taken by a fan, a person blackmailed me in various groups on Friday, "Eagle trading is a colored pen, short-term will die, and a large drawdown is really happy"; The back foot saw me 50 hours and 500,000 yuan for 10 million, and the anxious teeth were crushed, and the tone changed again, "A few people can't live in the short term, you see that there are a few people in the market who are still alive, and you will see if you lose money sooner or later."
Seriously, I want to laugh when I see it. Is it wrong for me to lose money, and is it wrong to make money? Losing is a negative case, and if he earns it, he is just lucky and won't live long.
I'm sorry, but in the past two years, I have done it 4 times with a small amount of money, and I have done it twice in the past eight months this year alone. Just do it with your own trading ideas and make it all the way. Now I don't count the fixed asset RV investment products in my hand, at least it's enough for three private accounts, and it's not too little to do 1,500 yuan in the market. This is my trading path, and I also make money for the long term by trading like this.
At this time, someone must have come to refute me that "short-term death is fast, and the end of making money is to do long-term", which is also a very interesting survivor bias, in fact, the people around me who keep saying that they are long-term from 21 years to now have not survived in this market. If every long-term friend around you has survived, congratulations, your circle is either a mining circle or a crypto business insider, ordinary people I haven't seen how much money they have made in the long run from 21 years to now.
You are an ordinary person who holds Bitcoin for a long time, counting you in the first half of 21 years when you entered the market when your emotions were at their best, the price of Bitcoin was 40,000, and now you still haven't sold your Bitcoin at 120,000! You earn a full 300%!!!
Congratulations! Your 20,000 yuan took 5 years to become 60,000! This is simply amazing!!
Isn't this funny, for a person like me who wants to change my destiny, I might as well start a business, buy some equipment, set up a stall, and fight to become bigger and stronger in the future.
In 21 years, I have also been a little leek, and I have added countless leek groups, and there are also special coin speculation friends, and 20,008 came to ask me to sell a house and buy a flatbread for a long-term university professor, but they now I don't see who makes a lot of money and sleeps happily with money every day.
On the contrary, these long-termists are no longer in your field of vision. Let me, an ordinary person with short-term cognition and low education, can earn 10 million yuan in 3 days of small funds.
Haven't you thought about a question? Can you still get rich with long-termism? Are you here to touch gold or value investment? You'd better think clearly. If you are here to touch gold, you have to accept volatility, that is, your risk assessment level should be at the top.
Long-term trading, short-term trading, and the road to profit millions and tens of millions is also tortuous. Do you think you won't lose money in the long run? Look at the spot bought in 21 and then the FTX thunderstorm in 22 years, Bitcoin fell by 70% in 5 months, where would you choose to sell? Your 60,000 spot will not be released until two years later. Both long-term and short-term will have corresponding profit pain points and difficulties, and you have to say who is right and who is wrong, you can only judge with a certain amount of funds.
When your funds have entered and exited to the point where it affects the market trend, it is right for you to open positions in batches and close positions in batches. Putting aside the position of more than 100 million yuan, if you only have tens of thousands of yuan, you come to make long-term value investment, I can only say that you know how to manage money, congratulations, the annualization here is definitely higher than that of the bank, just manage your money honestly, don't see others get rich and greedy.
When trading, you must be clear-headed, don't fall into it with any sophistry logic, and you will be the same as other people's dishes.
The story of the pony crossing the river should be heard by children. How deep the water is, whether you ask a squirrel or an elephant gives you a different answer, you ask someone who wants to fall into the well of you, and he will definitely say that the river will definitely drown you.
The depth of the water can be known by looking at it for a few months. 😊
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