A great article though and what a very inspiring story from wansfang. Chinese surely is good when it comes to money matter.

And I guess I'm on the right track upon reading the first thing that he did that sticking on the long term investment.

That's why I'll keep my bitcoin for the long term investment.

TLDR; You shouldn't buy overpriced stuff. They make you lose money. You need to buy when everybody is running away, that's how you make money. Let btc become 300-400$, let everyone say "btc is ded";

you buy all the cheap coins and become rich from their stupidity.

Such a great story indeed. Well anyway, for me, based on experience, i learned so much as a bitcoin holder. but the most important thing is that i learned that bitcoin is not for weak hands that in just a small dip, you will just sell your coins, afraid that you might not get profit or you might lose much. Thus, not knowing that just because you sell it right away, you actually lose much instead of gaining since bitcoin is for long term. Its just a small dip so we should take advantage for that dip and buy more not sell it.

i only wish the article included dollar values of the numbers that are everywhere in the article because it is a bit hard to know what it is talking about when it is talking in terms of ¥ instead of $

my strategy is mostly similar but my own. i only buy and hodl bitcoin as a "bitcoin hodler" and each time there is some big drama such as the one with ETF i get as much money as i can and put up some orders to buy low priced bitcoins and make a huge short term profit. (made 38.5% from ETF drama)

But that's probably, just probably will never happen again due to the latest halving and the price is now pumped too far above the price that you mentioned. I know that it's not entirely impossible but it seems hard to happen. I know that this thing ever happened back then when the price of bitcoin reached its peak and suddenly fall, but, when at that time, the block rewards still not being cut off half.

Timing is everything guys. You need to buy when others dumping their positions and when the price has crashed and nobody wants to touch it. You will also need to hold on for longer period of time. I heard stories of people booking profits when bitcoin hit $100 and now they regret selling. Never exit completely from cryptos as the market is quite young and money has just started pouring in.

His story is really inspiring, in this life we face many challenges and failures but the key is how to deal with it accept and move on.

As a bitcoin holder i learned how to be patient and believe that i will achieve my goal when i didnt stop striving to make it possible.

I take btc as a long term investment and when the price is dropping i take it as an opportunity to buy again. it is risky but if you have guts you will overcome those doubts.

Good story for sharing the experience and it's great guideline and help for Bitcoin beginers but actualy the most valuable experience is your own and that is the best way how you will learn things, feel your own ups and downs and get the best out of it. So hear and learn from others but don't be afraid to try on your own.

Good read for a Friday afternoon. Thanks OP for sharing this story to us. I must say that his realizations are very common to investors alike but almost everyone are ignoring these facts. Most people who got into investing to BTC (or any form of assets) is always seeking to get all the money in the market and wanted to become rich very quick. We must instill in our minds that though some of us became rich in an instant, we, the general mass must look into our investments in a long-term approach. We must establish our BTC investment and take necessary decisions when it matters. Don't be greedy and always take the long-term approach.