Author: Cai Leilei
Many people disdainfully say that those who have experienced several cycles in the crypto market and made a lot of money are gamblers and just lucky. Let me tell you the truth, don't be jealous, those who have made a fortune in the crypto market and kept it, not a single one is just lucky, you shouldn't be upset.
I won't talk about how many pits there were in the ancient times, which were 100% more shocking than now, just talk about now, those who have made a lot of money and kept a lot of money, their actions towards their large positions must have perfectly avoided all the following:
1. Opening contracts
2. Buying a large amount of non-Bitcoin
3. Keeping coins on exchanges
4. High-frequency trading, trying to buy low and sell high
Don't underestimate these 4 things, if you don't focus deeply on the crypto market, you won't understand. And those who have made a lot of money in the crypto market must have been deeply focused on the crypto market and have been trading in the crypto market continuously - the fact that these people can stick to the above 4 principles after making a lot of money shows that they must have suffered huge losses in the above matters, and after completing the cognitive cultivation, they can still accumulate a large amount of funds in the crypto market without using the gambling method, isn't this just luck?
Most people in the crypto market have only "made money before", because their way of making money is only the above few, so they will naturally lose it because of the above. And when a person understands that the above few cannot truly make him rich, but he can't find other ways to get rich in the crypto market, that's the problem.
Let me tell you, those who have really made money in the crypto market and kept it for a long time, in addition to not stepping into the above pits, must also meet at least one of the following conditions:
1. Have a killer product in the crypto market
No matter how much cognition you have, you will step into the above pits, and you will also lose the coins you should lose. But the key is that you have a product that can make money continuously in the crypto market, this product's function is that no matter how many pits you step into in the crypto market, since it collects coins, you will always be able to make up for the coins you have lost. And as you gradually become smarter, you no longer step into those pits, so you have more and more coins - the representative figures are CZ, Sun Yuchen, etc., they have all stepped into the novice pits, but the key is that they have products to help them continuously earn back the coins, and you don't, that's the key.
2. Have the ability to invest regularly
If you don't have the ability to make products, then this is the easiest thing for you to match. Don't say "Bitcoin hasn't increased much anymore", this is not a reason for you to gamble with a large position - when has Bitcoin ever run faster than others? In the past, Bitcoin was low, but that's compared to now, the Bitcoin of that year and the altcoins of that year, the one that grew slower is the same, and the result? Where are those altcoins now? Give yourself 10 years, slowly put the money you earn in the next 10 years into it, so that the money you earn in the next 10 years can be multiplied by 5 or 10, this is the best way for ordinary people to enter the crypto market.
The prerequisite here is to have a good locking mechanism, which can only be put in but not taken out; a good regular investment environment, not that you invest when you have money and don't invest when you don't have money, think it's low and invest heavily, think it's too high and don't invest; and also have an excellent off-chain deposit capability - the stronger your earning ability, the more this rule will benefit you.
All of the above prerequisites are indispensable, a person who can have the ability to turn the world upside down in the off-chain, and can be humble and obedient in the on-chain - this itself is a very remarkable person, and the money is what you deserve.
3. The coins are locked up
I participated in an ancient fund, the coins were locked up for 5 years, and during this time the crypto market experienced many ups and downs. But this money was locked up, and I couldn't move it even if I wanted to. Was there ever a time when I needed the money in reality? Of course, during this time I also bought a house, the investment returns didn't come back, and I also had to invest in other projects, and I had to borrow from the bank for a short time. Later, the coins I had in my own hands became less and less in the ups and downs of investment and entrepreneurship, but when this fund distributed the money, I found that the several shares added up, and I got several hundred bitcoins - although the fund still didn't outperform the time when I directly used this money to hoard bitcoins, the problem is that it really can't be hoarded, the percentage of coin loss of this fund is already far less than the part I held myself.
Such things are ubiquitous in the crypto market, a loser bought coins and then became a billionaire because he went to jail for fighting - this is not a story, it's a reality, and if he hadn't gone to jail, those coins would have been played away long ago.
Since then, I have actively locked up the largest share of my bitcoins, and they have been locked up until now. If you believe in Bitcoin, now convert all your assets into Bitcoin and actively lock them up for 10 years, and then start from scratch, the result 10 years later may exceed what you have done in these 10 years, all the other seemingly more useful things.
Let me say it again, I have never seen any big shot become a big shot by trading coins, not a single one - you can't become a big shot by trading coins, and you can't become a big shot by leverage either, there is no such thing as luck in the crypto market. Your cognition of it must be in place first, then it may become your best tool for getting rich, otherwise you will become its slave in reverse.
In the comments of last month's article, there was a message saying that he sold his house and went all-in with 2x leverage on a long position, betting on the upgrade in March and April. I asked him why he said not to use leverage, but he still did? He said he was bullish on the market, and thought 2x leverage wouldn't blow up, Ethereum couldn't possibly drop another 50%, right?
Yes. I'm also bullish on the market, but I revere the market, I will never use leverage here, not because I'm cautious, but because I understand, he doesn't.
