This man made more than 20 million in the past month by going long on BTC...

Do you know "Fat House Bitcoin"?

This is a cryptocurrency trader, a coin trading tycoon, and a well-known Weibo influencer.

In the past month, "Fat House Bitcoin" became a legend, and many people watched his assets grow from $200,000 to $4 million. Yes, he made more than 20 million in the past month. He said frankly that he made more money in the past month than in the past two years.

His real-time data on Coin shows that the total assets of the fat man's account are 4,303,131 US dollars, about 27 million RMB. The cumulative rate of return is 3,316.69%. The monthly rate of return is 482.81%. Since March 12, the cumulative income of his account is 5,841,895 US dollars, about 37.4 million RMB.

This rate of return is quite terrifying. He said frankly that he actually made money twice after the public trading, the wave of the $3,000 breakthrough in the first half of 2019, and the recent surge in Bitcoin in the past month.

Fat House has always been famous. Unlike the Air Force Commander-in-Chief "Superman with Market Sense" who was popular for a while and was focused on shorting Bitcoin, Fat House is known as the "Captain of the Bullish Death Squad". He is a gambler who firmly believes in Bitcoin. "Always be bullish, always have tears in my eyes." "Now is the era of dead bulls." These are his famous quotes on Weibo.

But careful fans can also find that the fat man is not a mindless long-term investor. He is good at going long after breaking through key resistance levels. If he bets on the trend right, he will let the "profits run away". If the price pulls back, he will stop loss and exit the market.

The fat guy is very courageous. He always goes long on the coin platform, which is equivalent to playing an open hand with the air force.

Fat House is also very interesting. He is different from many well-known traders in the cryptocurrency circle. His Weibo is pinned with the following: No group, no private chat, no orders, and no following orders. I trade casually and subjectively, with a very low winning rate. I open an order when I am in a good mood, and close the position immediately when I am in a bad mood.

By reading Fatty’s Weibo, you can see some of his trading experiences. The following content comes from his Weibo topic “Self-cultivation of a Trader”, which may be some of his secrets to success.

1. For right-side trading, one criterion is: as long as the coin is still hitting new lows, I will not buy the dip; as long as the coin is still hitting new highs, I will not short it. On the contrary, shorting new highs and buying new lows is left-side trading. I prefer the right side now, and occasionally do the left side.

2. There are many types of technical analysis, including wave and fractal theory, candlestick chart, pattern theory, the ethereal Chaos Theory, Gann, and countless indicators. Fat House does not belong to any of the technical analysis schools, but is inherited from the ancient school - the Bitcoin Bull School. This school has experienced several disasters similar to the 312 crash, and has been lost for a long time. Fat House also survived by temporarily defecting from this school.

3. Some newcomers, because they have made a little money before, want to touch the century's top and copy the century's bottom. This is overconfidence, trying to go against the trend, but using short-term thinking to try to touch the long-term top. The reversal of the trend is not completed in one day, it requires a period of reversal, which is the so-called reversal pattern.

4. Reducing positions is a form of defense. What I have to do is to go all out at the moment when I have to pull the market up, and strike a fatal blow. I will just be on the defensive during the wash period.

The fat man performed the most touching story of getting rich quickly in the cryptocurrency circle. He had skills, patience, courage, and then achieved success, but he himself emphasized that there was a lot of luck involved.

" Speculation is not about the harder you work, the more successful you will be. It's all about luck and the market. But if you haven't practiced for the past five years, you won't be able to catch the luckiest market. Speculation is very similar to studying. You study hard for ten years just to make a big splash and get your name on the list of successful candidates. "

In fact, looking at the cryptocurrency world's cryptocurrency traders, fat people are definitely rare. Those who hope to achieve financial freedom through leverage and futures often fail to make money, and some even end up in tragedy.

Reading Fat House’s Weibo is like seeing the life of futures traders in the cryptocurrency circle. The following content comes from the topic “Fat House Private Message Tree Hole”, also known as the memoirs of retail investors in the cryptocurrency circle, which are all stories of cryptocurrency trading told to him by some fans.

1. I joined the circle last year and lost about 800,000 yuan. I am currently in debt of more than 450,000 yuan. I was forced to blow up my position when playing contracts. When I was playing contracts, I told myself that I was not a gambler, but in fact I was deceiving myself. I wrote this for those who are gambling, and also to warn myself.

2. In the currency market, I feel that money comes too quickly and is lost in an instant. The jumping of numbers injects me with dopamine. I am so excited that I don’t know how to hold on to the money I have earned and let it slip away. It comes too easily and I don’t cherish it.

3. Looking at my account with only 0.09 left, I remembered what you posted on Weibo: The bull market is for picking up leeks, and I was successfully harvested. I have a foreign debt of more than one million, and the repayment of 1,000 yuan of Jiebei the day after tomorrow is a problem. It is the lowest moment in my life. I will leave you a message when I stand up. Every operation is to open long at high points and short at low points. Recently, I have been chasing ups and downs, and my mentality is seriously bad. I can't bear the fluctuation of 200 points and want to sell. Now there is an account that is shorted and trapped. I feel like a gambler.

4. Sometimes I really don’t have patience. I always want to get as much as I can out of a market, and I’m never satisfied. Although I sometimes make money, I always feel that it’s not right to make so little money in such a good market. So I will be impatient and make blind operations.

5. In March of this year, I asked my family for 50,000 yuan, plus my own 30,000 yuan, a total of 80,000 yuan. At the highest point, the floating profit reached 200,000 yuan, but I started to roll over my positions to make my first million in my life, and finally I lost everything. I told my family that I wanted to learn about investment and they gave me 50,000 yuan. Although my family seemed to have forgotten about it, I still wanted to prove myself in my heart.

6. I lost everything in futures trading. I dare not tell my parents. I owe 500,000 yuan in total. I hope the teacher can help me. I will pay you 4,000 yuan for my monthly salary of 5,000 yuan. I can write a letter of guarantee and send you a copy of my ID card. I am really desperate. Fat House Criticism: Losing everything in futures trading, do you want to do this? If not, don't lend me money.

Today, Fat House is the most popular trader in the cryptocurrency circle. But this does not mean that Fat House can always maintain a profitable posture. If you observe his trading records, in 2019, his account balance was reduced to 20% of the peak period.

In the past, Xiaoxia, Pansenchaoren, Banmuxia, AK, Xiaoshoutou, Bitcoin Dashi, Liudi... They were all popular futures celebrities, or they are still popular today. But in fact, we can also see that they are not always victorious, and they often encounter pullbacks and liquidations.

In the future, stories of getting rich quickly in the cryptocurrency world will continue, and legends of becoming a god in one battle will reappear, but we must remember that behind them are often countless unknown investors who leave the market because of losses.

Futures are a dead end for many people in the cryptocurrency world who have no financial knowledge. This is especially true in a bull market.

Investing involves risks, and cryptocurrency prices fluctuate dramatically, so you should be especially cautious.