[Profit 100 Q&A] 03. How many bull markets does it take for ordinary people to make big money?

**Seeing someone discussing this topic, I feel quite deeply about it. In this article, I will share my experience and insights with everyone.

Preface:

If you are not in the crypto world to make big money, it's best not to enter the crypto world... because the risk you take is not proportional to the return.

For a savvy investor in the crypto world, 2-3 bull runs can achieve their phased wealth goals.

Take an exaggerated goal as an example:

Making 100 times profit in a bull market is absolutely rare, starting from 100,000 yuan is 10 million, starting from 1 million is 100 million. But if we break down this goal, it's not so far-fetched to make 10 times profit in each round.

The economy has its cycles, and so does the crypto world. Based on past experience, every 4 years is often a major bull and bear market cycle, during which there are often opportunities for 10x gains. Not to mention the tens or hundreds of times profit opportunities in the bull market stage of 2017 and 2021. Even in the period of 2022-2023, there are still opportunities for 3-5 times profit.

The problem is that many people neither start from the fish head nor reach the fish body. Even in the fish tail stage, they blindly rush and incur substantial losses.

Charlie Munger said

For a savvy investor, even with only 20 investment opportunities in a lifetime, they can still become fabulously wealthy.

And we only need 2-3 cycles to find wealth in the crypto world.

How to find, identify and seize such opportunities. Having such a method is probably stronger than anything else.

If you are a young person who has 100,000 disposable assets at the age of 25 and hopes to achieve financial freedom and retire at the age of 40,

You can experience 3-4 or even 5 cycles in the crypto world.

The problem is: more than 95% of retail investors cannot have the technical expertise and confidence to execute the 100x long bull market plan.

The reason is that in order to truly make big money in the crypto world, one often has to experience two failures:

The first time was out of ignorance and arrogance; the second time was out of prejudice and suspicion;

Only those who can emerge from these two failures can become truly awesome investors.

In the first complete bull and bear market, you will fail due to ignorance and arrogance, which is normal.

In the first round of entering the cryptocurrency market, I only had preliminary experience and understanding. I relied solely on luck to make money, not knowing how I earned it, nor understanding how I lost it.

Chasing rising prices and selling with bearish market randomly, making decisions randomly, and often without the awareness of taking profits. This bull market will probably end up with losses, and even if you have made profits, you cannot keep them. However, after experiencing this, you must understand the rules of operation in the crypto world, understand where you went wrong, and even start to develop your own investment strategy!

In the second full bull and bear market, you will fail because of bias and suspicion, which is normal.

Congratulations on becoming an old sucker in the second round. The characteristic of an old sucker is being suspicious and cautious. Many newcomers ridicule old suckers because old suckers always want to escape the peak... This awareness is a double-edged sword, protecting you from pitfalls while also leading to some bias, causing you to miss out on some new narratives and concepts, and miss out on a lot of profits in the market. Although this round didn't lose much money, it's still a long way from making real big money.

In the complete bull and bear markets of the third round and the fourth and fifth rounds, that is your true stage.

In fact, for investors who have not perfected their early investment, it is a further learning and improvement process until they have a thorough understanding and clarity! However, for investors who have overcome ignorance and arrogance, skepticism and prejudice, and have their own trading systems, what they need to do is to increase their wealth and compound interest through future bull and bear markets!

A crypto world investor, if gifted with intelligence, dedicated to learning, and has high comprehension, may be able to start using compound interest in bull market after two cycles of bull and bear markets, in order to achieve wealth appreciation.

But if you have lower intelligence and make more mistakes, then you may only be able to start compounding and making money from the bull market after 4-5 rounds.

Awaken from the third bull market, have the ability of compound interest, and then achieve your wealth goals in the following bull market.

What is the experience of old leek in the crypto world?

Share some experiences of crypto world players with everyone↓

If your current profits in this bull market are not ideal enough.

Regarding how to screen for strong altcoins in the current stage, everyone can take a look at the article I posted on June 5th.

To make money in the crypto world, remember one thing:

Not enough knowledge, poor operation, even if you have a lot of money, you can't afford to mess around! With investment knowledge in the crypto world, even if you have less, you can accumulate more!

Don't understand, ask.

In the crypto world, what has always been lacking is not the opportunity, but the courage to reset one's mentality in the face of opportunity.

Time and money will tell you that periodic investment choices are correct.