A 23-year-old miner reflects on his experience with Bitcoin investment and liquidation as the price reached $70,000, marking the end of his mining career.
Initially drawn into the virtual currency wave, he embarked on a journey to find mining opportunities. Traveling extensively within free shipping zones, he pitched the concept of virtual currency to numerous factory owners, seeking their support. After persistent efforts, he eventually secured backing from a sympathetic boss.
Starting this year, he began gradually liquidating his Bitcoins, witnessing his account balance grow with each transaction. Despite the increasing wealth, he remained grounded, never resorting to extravagant spending or borrowing money through credit cards. He maintained his regular job, recognizing virtual currencies as akin to stock trading.
He emphasizes that success in this industry is largely attributed to luck rather than skill. He cautions aspiring traders to approach the market with humility, emphasizing the importance of real-world experiences over virtual pursuits. He advises against borrowing money for investment and stresses that success or failure in investing hinges on information sources and luck.
His overarching message is for young investors to prioritize solving real-world problems and gaining practical experiences rather than indulging in virtual endeavors. He underscores the notion that investment is merely a facet of life experience, with success determined by luck and informed decision-making.
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