During the bull market, many people who bought altcoins had the experience of getting rich suddenly. What I mean by getting rich suddenly is investing 100,000 to 500,000 and ultimately earning millions or tens of millions in profits. This shows that there are certain conditions for sudden wealth. From a capital perspective, even in a bull market, the average increase is only 10-30 times, and the 100-fold increase is too rare and can be ignored. Therefore, we calculate based on the maximum increase of 30 times. A score of 30 times is very good. Everyone should agree on this. If you want to make a fortune, you need to invest at least 100,000-500,000 yuan. Only when the profit reaches 3 million to 15 million can one be considered truly wealthy. Therefore, under normal circumstances, if you want to get rich by buying altcoins, you generally need to invest more than 100,000 principal, and the profit will be about 30 times.
But I will say that people who like to buy altcoins usually like to take risks. The huge profits brought by taking risks will make them more enthusiastic about taking risks. They have earned 5 million or 20 million, and it is unlikely that they will put their funds in the bank to buy financial management. No one should object to what I say. This is human psychology. You cannot make huge profits in a bull market and then your mentality becomes stable. If risk-taking is your nature, then at least five out of ten risky projects on the market will make you follow them. Suppose you encounter Fcoin running away, UST crashing, or FTX running away, are you confident that you can avoid it? The more you know, the greater the risks and temptations you face. If you think you can get all the good and avoid all the bad, then I can only say that you are dreaming. I think huge profits inherently contain risks, but in hindsight, the risks are ignored. Because at that time you would definitely regard past experience as a prediction. You can't see the risks. After you make money, you will become more adventurous. Do a little bit of this project and a little bit of that project. The risk exists, you just ignore it. In addition, your good luck also allows you to avoid most risks. In the end, it may be that a stable arbitrage strategy is worth considering rather than a risky one. In this circle, those who stay for a long time, even ordinary people, can make tens of millions in two cycles. Everything depends on your choice, patience and sincerity. If you can sell in the bull market and stock up in the bear market, then it doesn't seem too difficult to turn 22 million into 50 million.However, whether you have the patience and whether you are sincere enough for this cause all depends on your choice.
If you want to delve deeper into the currency circle, but can't find a clue, and want to get started quickly, you can read the introduction on my homepage.
