Can 1000 yuan in the crypto world multiply tenfold? It reminded me of the story of the convenience store owner downstairs.

In 2013, he was introduced to the crypto market by a relative to trade Dogecoin, each investing ten thousand yuan. Not long after, the account balance skyrocketed, reaching as high as 500,000. The relative was terrified and strongly advised him to cash out quickly. But he, on the other hand, became more confident: "The market is so crazy, how can I sell now?" What happened next? The market suddenly plummeted, the account crashed, and he was left with just over a thousand yuan. He was so angry he uninstalled the app and didn't touch this thing for five years.

In 2022, he suddenly remembered this story, and with nothing to do, reinstalled the app. When he logged in, he was stunned—his account balance had become over one million.

So the answer to this question is: it’s possible. But the prerequisites are that you need to have three things in place—luck must be on your side, you need to have a keen eye to pick the right targets that can turn around, and most importantly, you need persistence, especially when your account is in the red, to endure and hold on. Missing any one of these is not an option.

Not everyone can wait for that moment of fate to turn. But interestingly, sometimes the most effective investment strategy is to delete the app, ignore what you see, and continue holding your position despite setbacks. The crypto world is just that crazy.