Yesterday, I had drinks with an old friend from the cryptocurrency circle, and we talked about the people and events we've seen over the years. He said something that left a strong impression on me: in this circle, there are many people who get rich overnight, but even more who go from being rich overnight to being in debt overnight.
He gave me an example. There was a person who started with tens of thousands, caught a good opportunity, and ended up making over ten million. The process sounds quite legendary: first, he bought Bitcoin and tripled it, then rode the Dogecoin wave to around 700,000 to 800,000, and later hit a popular project directly to over ten million. During that time, he was posting screenshots every day, living the high life.
What happened next? When the bull market receded, he poured most of his funds into NFTs. The liquidity of NFTs is terrible; when the market is good, the numbers on the screen look scary, but when he wanted to sell, no one was there to take over. Assets worth over ten million ultimately turned into a pile of unsellable pictures.
If he had sold 90% of it and kept 10% to continue playing, he would have been able to relax by now. But human nature is like this; once you make money, you always want to make more, believing you can double it.
In fact, those who make money in the cryptocurrency circle and can keep it are all those who know when to stop. After making a big profit, sell off most of it for USDT or withdraw it to your card, and use the rest to continue experimenting. If you still have the skills, you can make the remaining money grow; if your skills fail, at least the money in hand will let you live comfortably.
I've seen too many people make money and not have time to spend it, only to give it back to the market in the end. Don't be that kind of person. $ETH
After making money, first pay off the mortgage, ensure your family lives well, and then use the rest to gamble. When that day comes, you'll find that living a stable life actually doesn't cost much.
I only deal with real transactions, not virtual ones. For those who want to avoid pitfalls, don't blindly explore on your own. Keep up with the rhythm, @刘杰聊币圈 and let's take it slow with solid logic. 🔥#特朗普希望尽快结束对伊朗战争 #美国加密法案再次遇阻 $BTC