I recently came across a very interesting story about a figure in the cryptocurrency world, and I can't help but marvel at how some people are truly chosen ones. Guo Hongcai was born in 1983 in Pingyao, Shanxi. His college entrance exam scores were average; with a score of 300, it would normally be a stretch to get into an ordinary undergraduate program. But this guy stubbornly applied to Tsinghua University. After failing the exam, he didn't get discouraged; he directly moved north to rent a place in Tsinghua Zhaolan Courtyard, attending classes informally while pondering how to make money. This kind of resilience already surpasses most people.

In 2013, when Guo Hongcai first encountered Bitcoin, Garage Coffee was still just an entrepreneurial incubator. Then a guy came to give a talk about blockchain, instantly attracting a group of followers. This person later became very famous, but even then, he had already demonstrated his influence.

In 2014, Guo Hongcai officially entered the scene, seizing the opportunity to heavily buy during Bitcoin's big dip, and invested in building what was then claimed to be the world's largest Bitcoin mining farm in Inner Mongolia. The electricity cost that year was about 5,000 yuan per Bitcoin mined, and the farm mined 100 Bitcoins that year. The return on investment was quite impressive even by today’s standards. But the crypto world is like that—there are peaks and valleys.

In 2015, the bear market arrived. Very few people attended blockchain summits, and many retail investors went bankrupt and exited. But Guo Hongcai didn't give up; instead, he used this time to watch movies and learn English, preparing for the international stage later.

In 2016, he was invited to attend the Davos Forum. The scene was quite interesting: a young man in a T-shirt and slippers sitting among suited financial elites, speaking in English about Bitcoin, blockchain, and fintech concepts. The contrast and his confidence shook the entire audience.

In 2017, the crypto market started to recover, and Guo Hongcai finally waited for his spring. That August, he organized a live broadcast with 100,000 viewers, explaining the development history of Bitcoin in detail. His fans' faith was reignited, and he also received many gifts during the live session. After the September 4th ban was announced, Guo Hongcai launched the China Tour, aiming to help investors establish correct investment concepts.

But 2018 was like a major crash site in the crypto world. In the first half of the year, insider trading, project pump-and-dump schemes, and retail investor rights disputes caused chaos. In the second half, prices plummeted, big figures' images collapsed, projects ran away, and investors lost everything. Guo Hongcai was not immune either. In August, a video of him drunk went viral. He openly admitted he had been "cut," and during repeated attempts to buy the dip, his 600 Bitcoins were reduced to only 200, losing 400.

For many, this might have been a nightmare, but for someone like Guo Hongcai, it seemed just a lesson learned.

After 2020, having experienced multiple bull and bear cycles, Guo Hongcai began adjusting his strategy, gradually shifting toward more diversified asset allocation.

This story tells us that in the crypto market, perseverance and learning are often more important than short-term gains. Guo Hongcai went from failing the college entrance exam to the international stage, from massive losses to standing up again. His mindset is truly worth reflecting on.