Jack Yi (Yi Lihua), founder of Liquid Capital, shared his latest views on Bitcoin and his own trading experience in a post on X. He said the recent pullback was in line with expectations. If Bitcoin continues to decline toward $75,500, it would be a very good opportunity. He remains bullish on the move higher after the minor correction. Yi also revealed that investing and trading are the hardest things he has done. He entered the crypto space by mining Bitcoin at low prices in 2015, successfully invested in projects such as Qtum, and rode the wild 2017 bull market. He now believes this was entirely due to luck, although at the time he thought it was his ability, given his prior achievements in traditional business and investing. Later, he made aggressive investments in hundreds of projects, with most failing and a few succeeding. As investment opportunities decreased, he turned to trading and stressed the need for awe and humility. 'Trading success can be nine consecutive wins, and the tenth failure brings you back to square one,' he warned.
Jack Yi (Yi Lihua), founder of Liquid Capital, took to X to share his take on Bitcoin's recent price action and his own trading history. He said the pullback was no surprise: a small correction has appeared as expected. Should Bitcoin fall further toward $75,500, he sees a strong new opportunity. He continues to expect gains after the minor dip.
In the same post, Yi reflected on the difficulty of investing and trading. He started mining Bitcoin at low prices in 2015, later backed projects like Qtum, and rode the 2017 bull run. In hindsight, he said, that success was mostly luck - even though it felt like skill at the time, especially after his earlier wins in traditional business. After pouring money into hundreds of projects, he found that most failed and only a few paid off.
As opportunities thinned, Yi turned to learning how to trade properly. He argued that trading demands respect. A trader may win nine times in a row, he noted, but the tenth loss can erase everything and send you back to where you started.
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