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Click the trading widget in Gate Square content, complete a transaction, and take home 50 GT, Position Experience Vouchers, or exclusive Spring Festival merchandise.
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Enter Gate Square daily and click any trading pair or trading card within the content to complete a transaction. The top 10 users by trading volume will win GT, Gate merchandise boxes, position experience vouchers, and more.
The top prize: 50 GT.
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What is true overnight wealth?
There was a big brother in Chongqing who turned two hundred thousand into over four million in one night, or rather, in just an hour. More than ten times, he made more money in an instant than most people do in a lifetime. Many people don't believe it, but I witnessed it firsthand. Years ago, when I met him, he was just a gambler in the crypto world, like most people, a seasoned player who dreamed of getting rich overnight and had the mindset of a gambler. He lost hundreds of thousands over time, but why was he able to make over four hundred million in just one hour? Here’s what happened: It was around ten o'clock at night when the market opened in the U.S., and there was a rapid surge. He seized this opportunity and went all in with a leverage of over a hundred times, making a quick gain of over ten points, resulting in a tenfold return on his investment. At the peak, he encountered strong resistance, and seizing that moment, he sold everything and caught another wave of shorts. The pullback allowed him to take another profit, going from 20 to around 200, and when it pulled back again, he shorted from 200 to over 400. At that time, he himself said he didn't know what was happening; his mind was in a daze, watching the funds in his account change continuously. He had never seen so much money before and was so excited that he couldn't speak properly. In a moment of excitement, he stubbornly completed the trade, and after it was over, he couldn't calm down for a long time.
If you also want to become rich overnight in the crypto world, you must have a solid foundation. First, understand trend analysis before trying to capture trends. There are indeed many cases like this in the crypto world, but there are also plenty of opposite examples—losing dozens or even hundreds overnight is quite common. Therefore, while it’s good for everyone to want to get rich quickly in the crypto space, it is essential to be rational. Not everyone can encounter such situations; learning is fundamental, and without certain skills, it is very difficult to control!