記錄十幾年的折騰資產之路（二）

2019-2021, Foreign Investment Stage#

I accidentally discovered the US and Hong Kong stock markets because I saw an advertisement for the international version of East Money on Oriental Fortune. With a try-it-out attitude, I opened a door. After learning online, I found that the well-known domestic software Futu NiuNiu had already entered the US and Hong Kong stock markets for several years.
At the end of 2019, I returned to the cryptocurrency market because I wasn't satisfied with just investing in the US and Hong Kong stock markets. I had played with cryptocurrencies before, but at that time, I was solely focused on A-shares. At the end of 2019, I remembered the cryptocurrency market again.

Alibaba's return to the Hong Kong stock market added fuel to the fire of Hong Kong IPOs. I remember seeing it on Oriental Fortune and that's when I entered this market. The special features of Hong Kong IPOs are the ability to finance and the availability of gray market trading. I remember that I made a profit of several thousand yuan by financing Alibaba's IPO and I was ecstatic. I went all in and truly made a profit from Hong Kong IPOs.
However, the pace of Hong Kong IPOs is relatively slow. You have to choose high-quality new stocks, otherwise, they are prone to breaking below the IPO price, and the waiting period is long. I couldn't stand being idle, so I saw the daily rise of the US and Hong Kong stock markets and couldn't resist jumping in. I vaguely remember that the hottest stocks at that time were new energy vehicles like Tesla, NIO, and Xiaopeng. Unfortunately, they were hit by the pandemic and the US stock market experienced epic circuit breaker halts. I suffered some losses and it was truly regrettable.

At that time, the hottest trends were DeFi lending and liquidity mining. New concepts were being hyped every day, and I got caught up in the excitement. I took out some money and participated in DeFi lending, hoping to make a fortune. However, the prices kept falling every day, and soon I lost 20-30% of my investment. It was painful.
When the pandemic hit, the cryptocurrency market and the US stock market experienced a synchronized downturn, but the difference was that the cryptocurrency market only took one night. I clearly remember a cold and windy evening when the prices plummeted. I saw Bitcoin at 3,000 yuan and Ethereum at 80 USD. My portfolio was almost at its lowest point. The next day, the market didn't recover much, and the terrifying thing was that my DeFi lending position was close to liquidation. If that happened, I would have lost everything. I quickly used emergency funds to buy 5,000 RMB worth of Ethereum.
After that, I became a bit disheartened with the cryptocurrency market. I lost tens of thousands of yuan and couldn't bear to sell at a loss. But miraculously, even during the pandemic panic, the prices didn't drop much further. I was stuck for half a year, and then miraculously, things turned around. NFTs became popular, and I sold my Ethereum and moved on to other investments, successfully missing out on the cryptocurrency bull market in 2021.