“If you don't pay back soon, we won't be polite to you!” In the summer of 2016, a debt collector cornered me at the entrance of my community, holding an iron rod, with a fierce look in his eyes. At that time, I had just gone from being a 'tens of millions boss' to a 'broke' with a debt of 2 million, afraid to even enter my own home. Who would have thought that 8 years later, I would be in my own mansion, sharing the logic of making money through 'reverse thinking' with friends? In the cryptocurrency circle, wealth often hides in the opposite direction of where most people look.
I used to work as a real estate agent. In 2013, I opened my own agency, and because of the booming real estate market, I quickly made over ten million, bought a mansion and luxury cars, and became what others called a 'successful person'. But in 2015, I followed the trend and invested in a real estate project, which ended up being a failure. I not only lost all my savings but also owed 2 million to the bank and friends. The company went bankrupt, the mansion was confiscated, and I returned to square one overnight.
During that time, I was dodging debts every day, living in a cheap rental and relying on instant noodles to get by. Once, I saw an article about cryptocurrency online that said, 'When others are fearful, be greedy; when others are greedy, be fearful.' I found this saying very reasonable and started to research cryptocurrency.
In 2017, I invested the only 10,000 I had, and unexpectedly made 30,000 very quickly. However, I wasn't greedy; when the market was in a frenzy, I withdrew all my money. Sure enough, not long after, the market crashed, and many people lost a fortune, but I preserved my principal by leaving early.
This incident made me more convinced of the importance of 'contrarian thinking'. In the bear market of 2018, while the market lamented, many people cut their losses and left, but I used the 100,000 I saved from working to buy several quality assets in batches at the bottom. People around me laughed at me for being 'foolish', saying that my money would surely be wasted, but I wasn't worried at all because I knew the market would eventually recover.
In 2020, as the market began to recover, the assets I bought gradually started to rise, from a 10% increase to 50%, then to 100%. People around me started to envy me, but I didn't sell immediately; I continued to hold. Until 2021, when these assets increased by more than 5 times, during a market frenzy, I finally followed my plan, took profits in batches, and withdrew my money.
Thus, relying on 'contrarian thinking', I made one profit after another in the crypto circle. In the bear market of 2022, I again bought a batch of quality assets at the bottom, and after the market warmed up in 2023, these assets rose over 300%, and my net worth completely surpassed 10 million.
Someone asked me, what exactly is contrarian thinking? I said, it means seeing opportunities when others are pessimistic; and recognizing risks when others are optimistic. In the crypto circle, most people chase rising prices and panic sell, resulting in significant losses, while those who truly make money are the ones daring enough to buy at the bottom and sell at the top.
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