Money is truly a mirror reflecting one's character; I often say this.
Last year, I met a boss who was engaged in the real economy. He started with 20,000 yuan and, through boldness and loans, built his fortune to nine figures. He worked decisively and was also righteous. But surprisingly, such a person, who was steady in the physical industry, seemed to change completely once he entered our circle.
Hearing that NFTs could make quick money, he didn't even understand how to transfer tokens in his wallet and directly threw in one million. When it rose to five million, I didn't see him sell; later, it fell all the way back to the original point, and he cut his position until there was nothing left.
Later, people in the circle learned about his strong capabilities, and all kinds of 'wealth codes' were poured into his ears. Someone told him the story of Bitcoin, and after listening, he simply said, 'Where rich people play, there must be opportunities.' He turned around and put in 30 million at the 85,000 USD price of BTC. As a result, he couldn't hold on, always wanting to make short-term trades, and just as he sold, it skyrocketed. In the end, he only made a profit of 500,000 from the 30 million principal. The larger the position, the more unstable the mindset; this saying is indeed true.
What makes me sigh even more is a younger brother he brought along. He was fooled by a quantitative team that promised 'accounts would double in a year,' so he first invested 500,000 to test the waters, believing he had found a gold mine as he received a steady 4% return every month. Later, he directly increased his investment to ten million. What happened? In October last year, while he was on his way to Hong Kong, the account exploded. That ten million was one-seventh of his fortune. When he went back to find that quantitative team? They had long disappeared.
I increasingly feel that in this industry, when making money, everyone acts like brothers with you, but when losing money, not even a person to answer the phone can be found. When someone suffers a big loss, the first reaction is not to reflect on themselves, but to desperately find someone else to blame.
Those who can truly walk far on this path are, instead, those who have been severely educated by reality and have rebuilt themselves after their trust collapsed. It's not about luck, nor is it about some 'code' given by others; it is about truly knowing what you are doing with every step.
No one can take on the risk for you, so don't stake your fortune on someone else's story. Some tuition must be paid, but after paying it, you need to learn to remember things yourself.
