I first know the bit currency in 2011, I found a lot of information, after understanding in the QQ - "Bit coins are out, the Internet will rule the world."
But during that time i was a student, with no money and English is not good, I know that time there is a Crytocurrency but there is not exchange center so i didn;t buy any.
March 2013 when the re-see the news of Bitcoin, this time without hesitation, immediately i bought at the price of RMB 300+. Later it raised to RMB 1944 after plummeted to RMB 300. Followed by the second half of 2013, Bitcoin was really booming up, a variety of start-up companies and projects have sprung up, which also led directly to the bull market soared to RMB 8,000.
Because of the experience in RMB 1944 Bulls market, this time round when at RMB 8,000 plunged to RMB 4000 where I thought was the end of the bull market, i sold all of my bitcoin at RMB 5500. Although after that the price rebounded back to RMB 7,000, I have not regret.
Later, 2014, 2015 is the year of futures market, I also participated in the futures market and i loss greatly in it and stop playing. I then solely summed up my experience and share with you all,
To remind new people to pay attention to risk:
4 shortcuts to Bankruptcy
1, buy high sell low
2, bad skill of futures market leverage
3, financing coins
4, lack of short-term trading experience
4 shortcut to the Life peak :
1, get a real job and work
2, spare cash investment;
3, long-term holding;
4, eat and sleep on time.
- the law of the survival of the currency sector, non-investing expert please don't ignored the above points.
(Ten day in the currency market is like ten years and the cruelty of the market cannot be ignored, practice the above laws to prevent yourself from dying in the market.
From last year's bull market until today, I believe that many people are making money, but most of the wealth is actually floating surplus, it is not the real wealth that in your pocket. Judge the end of the bull market and know when it ended is the only way to earn the wealth.
I am sorry to tell you that I do not know where this peak of bull market, I do not know when to enter during bear market, but some experience can be shared to you:
1, Bitcoin bull market is the bull market of digital money, if bitcoin is in bear market now so are for the remaining digital money. As long as Bitcoin is still in the bull market, other digital currency bubble is difficult to burst.
2, Bull market normally started by doubling the price whereas the beginning of the bear market started by dropping the price in half. If you see the price of Bitcoin from the highest point of the collapse of more than 50%, then quickly sell, bear market is coming on the way. But please do not sellat 50% price, because it will rebound, please sell at about 75% of the price.
3, cutting losses should be carried out after the peak extreme madness, the breaking point of the bull and the bear market . What is extremely crazy? No one can tell exactly, but generally are more than 30% of the single-day increase in such a market. There is also a situation such as the government's sudden involvement, or the underlying technology found big BUG.
4, once in the bear market, do not imagine the price raise again, there will be a rebound, but the rebound is limited. Some new people may be at the top of the admission, and suddenly price dropped which lead to damage of assets, feeling sad to watch others make a lot of money and exit. But I want to remind you, sell it if you don't want to go bankruptcy.
5, once the bear market, futures may be the last way to get rich, but you have a very professional skill, 99% of the people don't have the skill and imagine they have which in the end lead to bankruptcy.
6, ICO like bitcoin stock in 2013 , which may have ten times the opportunity to get rich, but believe me, you have not much chance, do not easily trip into this muddy water.
Such a big bull market now surely it will be the a big bear market later on, I wish you all can make big money and do not lose money!