記錄十幾年的折騰資產之路（二）

2019-2021, Foreign Investment Stage#

Accidentally discovered US and Hong Kong stocks because I saw an advertisement for the international version of Dongcai on Oriental Fortune. With a try-it-out attitude, I opened a door. I learned online and found that the well-known domestic software Futu Niu Niu had entered the US and Hong Kong stock market for several years.
At the end of 2019, I returned to the cryptocurrency circle. Playing US and Hong Kong stocks was not enough, and I wanted to explore more opportunities. I had also played with cryptocurrency before, but at that time I was solely focused on A-shares. At the end of 2019, I remembered the cryptocurrency circle again.

Alibaba's return to the Hong Kong stock market added fuel to the fire. I remember seeing it on Dongcai and that's when I got into this. The special feature of Hong Kong IPOs is the ability to finance, followed by dark pool trading. I remember that Alibaba's financing was successful and I made several thousand in profits. I got excited and went all in. Hong Kong IPOs really made me earn a lot.
But the pace of Hong Kong IPOs is relatively slow. You have to choose high-quality new stocks, otherwise they are prone to breaking, and the cycle is long, so you have to wait for opportunities. I couldn't stand being idle, and at that time I saw the US and Hong Kong stocks rising every day, so I couldn't help but jump in. I vaguely remember that the hottest stocks at the time were new energy vehicles, such as Tesla, NIO, Xiaopeng, etc. Unfortunately, they were hit by the pandemic. The US stock market experienced epic crashes and circuit breakers several times. I lost some money, and thinking back, it's really regrettable.

The hottest thing at the time was defi collateralized lending and liquidity mining. There were new concepts being hyped every day, and I got caught up in it too. I took out some money again and used it for defi lending. I imagined it would take off. But it kept falling every day, and soon it dropped by 20-30%. Damn, it was heartbreaking.
When the pandemic came, the cryptocurrency circle and the US stock market were synchronized, but the difference was that the cryptocurrency circle only took one night. I clearly remember a cold and windy evening, a crash, and the price of Bitcoin dropping to 3,000 yuan. I even saw Ethereum at 80 USD. My positions were almost at the breaking point. The next day, the market didn't recover much either. The terrifying thing was that the defi collateralized lending was close to the liquidation line, which would result in zeroing out. I quickly used emergency funds to buy 5,000 RMB worth of Ethereum.
After that, I became a little disheartened with the cryptocurrency circle. I lost tens of thousands, but I couldn't bear to cut my losses. However, it was also magical that during the pandemic, despite the panic, the cryptocurrency prices didn't drop much. I was stuck for half a year, and then something magical happened. NFTs became popular, so I sold my Ethereum and went to play something else, successfully missing out on the cryptocurrency bull market in 2021.