回顧2022

Hello everyone, I'm Terry. Happy New Year! 2022 is finally over. I feel like I've done a lot of things this year. Time flies so fast. I think this year is the most fulfilling year in my life. It's also the year I learned the most. Before the end of each year, I will give myself three to four goals or some more clear things that I have to accomplish next year. We call it OKR. I think the advantage of receiving OKR is that when you are in this year,

We have to make several different decisions every day After having OKR, when you make a decision You will know very clearly how to make decisions It's a bit like you give yourself a framework in this year Then it will not only make you more efficient when doing things I think especially when you are confused You will get out of that state faster Then know better where you should go So I also recommend that if you haven't tried it I think you can design OKR for yourself

I would like to thank the YouTube channel invited by OE OKEx to share with you and review the year 2022. They also prepared a few questions to ask me. Choose three words as the key words of 2022. What would you choose? The first word I think I would like to use is "mess". Ukraine and Russia have been in war for almost a year.

I thought this war would last for a few months or a few seasons. I didn't expect it to last so long and it didn't seem to stop. The most painful thing in the war is the people and the soldiers fighting in the front line.

Ukraine's situation is not to mention that everyone in the news should be able to see that this movie is at Christmas time. Russian white-collar eggs are scattered in the air in Ukraine. I can't imagine that we will see such an image in 2023. This is the image that appears in the movie. In fact, Russia itself is not good. Where to go Russia's oil and natural gas account for nearly 20% of the country's GDP. Since they started to fight the West, Russia has only sold energy to China or India.

Of course, it is much cheaper than the previous one sold to Western countries. We can see that the Russian GDP fell from 2013 to the peak. In 2022, the Russian GDP is expected to fall by 7-8%.

The inflation rate in Russia is estimated to be around 12% in the year. In order to support Ukraine, the United States will spend $1 billion this year. What is $1 billion? It's the value of a whole Boeing company. It's the same as the United States donating the entire Boeing company to Ukraine. On the contrary, the United States is not doing well because of its high inflation and the increase in the US dollar. This video is the end of the year in Oakland, California.

Oakland is a big city in the east of San Francisco. You can see the famous and the famous people are on the highway, under the bus,

The second word I want to use in 2022 is "busy" This word is more suitable for me I think 2022 should be the busiest year of my life in the past 30 years I moved from Beimei to Xi'an Then invested in the first Airbnb in South Africa Then bought a house in Seattle at the end of the year Then there is a YouTube update at the same time Plus, I have to make sure that I have achieved the goals I want to achieve in other jobs

I'm going back to my whole year of work I only had a few days off in Miami and Los Angeles Even though I was on vacation for a few days I still worked on my computer in the restaurant So in 2023, one of my goals is I hope I can have more efficient working hours So I can have more time to rest I'll make a video and share it with you The third word I want to say is

So basically, in 2022, you will lose whatever you buy. Even if you buy a second-hand car,

Also at a loss Because the second-hand car price is also at the beginning of the year The table has risen to the present day and is slowly falling every day It looks better to put the money in the bank Or a safe debt of nearly 100% If you are at the highest point last year All the coins are changed Then put all the money on the safest debt Then really congratulate you This wave of operation is really not easy

Second question, what is the mindset you should have in the first few times you experienced a crisis? I graduated from college in 2015 and started to invest after graduation. I remember very clearly several major events that happened including the UK's withdrawal and Trump's appointment to the trade fair.

These events have caused market recalibration But they can't be the real lion's share The first real lion's share was not long ago In February 2020, when the epidemic broke out At that time, S&P 500 dropped by nearly 30% It is also the shortest lion's share in human history It's been over in about a month

And then the time of five months completely recovered Of course, including this year, 2022 is also a bear market When will it end? I don't know So strictly speaking, I have experienced a bear market Then experiencing another bear market Although I don't have many decades of investment experience With a lot of those Wall Street jobs Or online claim that they are investment experts I'm just a beginner

I'm not sure about my background, but I'm just an IT engineer. Although I work in fintech, I don't have much experience compared to those who work in the financial industry. But I've been working hard to learn things. I think my way of thinking and investment will mature. I know I don't have the time and ability to time the market. I have too many things to do. So the only thing I can do is to improve my own earning ability. When I'm in a bad situation, especially when the situation is bad, I try to hold cash and then

When the stock market began to slowly expand I only invest in long-term, basically the company I am optimistic about From this situation, I have not only automatically set up S&P 500 index ETFs every month The only one I am slowly expanding is Tesla If you follow my IG, you should know that every time I add a business, I will find out that I only invest in Tesla Not because I don't look good at other companies But if I want to see a long 5-10 year return My time is enough for me to study a few companies

I believe there are other good companies that can invest in it, but because I have limited time, I can't go to every company to study. I think the concept of bear market is very important. You can't continue to invest in super-low-cost, highly speculative things. Like the ones that were controversial on the Internet before, such as GameStop, AMC, Dogecoin, those that are purely based on speculation. Or those small technology companies that are high in risk and high in value and are not making money. Because you never know where the bottom is, plus you don't even know if these companies can survive this bear market.

Unless you really have a lot of faith Or know some internal news Anyway, I won't go to supermarkets anyway I think a very important point is the cash flow And how long does it take to see the company's runway Of course, including the encrypted currency I haven't bought it for the time being But all the Bitcoin and Ethereum I bought before are still in my cold wallet I didn't sell any of them at all Because I believe that there will be encrypted currency in the future Especially in 2020, Bitcoin will be able to reduce half

It's just that it's too uncertain and speculative Especially in this current macroeconomic situation So before the market is better I don't plan to add another one I think the most important mentality of the bear is peace You want to see the long term Investment is a lifetime thing Although the short term is very fluctuating But don't affect your mood because of the market fluctuation You think about it If the whole market is a straight line going up

Who will buy the national debt? Who will save cash? But no matter how big the market fluctuation is, it will eventually return to that line. If you look far away, that line is a line that goes up. This is a fact that has not changed in the past 100 years. Everyone wants to try to buy at the lowest point and sell at the highest point. But I don't have the ability to accurately aim for the highest and lowest points. So my investment strategy has always been very simple. I think it is also a basic face of the long term.

When I was in Xiongsi, I would save money and build my business at low price. I would never use margin to buy stocks or use GANGANG. All the money I invested in stocks is what I earned. So I would never worry about being called by margin. I would never be called by margin because Xiongsi's stock went bankrupt like Tesla's stock.

And then I'm in the bear market, I'm doing what I should do. Eat, sleep, sleep. It won't affect my mood because of the market fluctuations. I think this is really very important. Just keep doing what you should do. Because all the darkness will eventually end. After the darkness ends, the light will come. If you are defeated or in a state of disarray in the dark. When the light comes, you will return to the same cycle. Buy at the highest point and be defeated at the lowest point. Next question. What is the most impressive thing in the coin circle in 2022?

2022 B-Chain is the most memorable year Of course, it was in May when LunaUST was launched I think today, even though I shared all my investments on YouTube with everyone And my thoughts are not to make you learn from me My purpose is not to make you do the same thing as me Because everyone's risk tolerance is different Even though I said that countless things are not investment suggestions But if something happens today Someone will watch my video No matter if he has done research Decided to invest in the end Then caused losses The main disadvantage is still because I watched my video

I lost about $15,000. $15,000 is not a lot for me. I can pay a few months' rent. But I'm not sorry at all that I lost this money. Instead, what makes me sad is that my information caused my audience or netizens to lose money. No matter how much I talk about it in the video, I mentioned what the risks are. But the worst thing still happened.

So the Luna UST should be the most memorable thing for me As for the future FTX and Celsius and many other platforms I am quite surprised I don't know that a Luna can cause such a big stock market effect I think if the economy does not go left this year We will see more companies in the currency circle close So I just mentioned in the previous video If you invest in the long term Bitcoin or Ethereum, whatever currency If you don't want to touch them You just throw them in the cold wallet If you are a trader and often do trading Then you need to select a trading platform

The best is those with proof of reserve, which means those platforms with asset proof. The best is that they have the data publicly reviewed by third parties. Because when the bank crisis occurs, only these reserves can meet the short-term needs. In order to avoid a dead end. Next question, tell us the story of your contact with OKEx this year. In fact, I have always heard that OKEx is one of the top 10 exchanges in the world.

And the amount of contract transactions is also the second largest in the world. I think since FTX came out, it is very important to choose a safe and reliable trading platform. The simplest is to see if it has Proof of Reserve. Because the most fundamental reason for FTX's appearance is that they took the money of the users to invest in the currency. We can see that OKX has Proof of Reserve in the CoinMarketplace. These wallets and addresses are OKX's official wallets.

They have publicized the wallet address of ETH, USDT and Bitcoin Currently, there are about 6.5 billion US dollars of reserve money If we go to their official website They released a audit a few days ago, on December 20th You can see the assets of Bitcoin, Ethereum and USDT users above With their own asset reserve currency

These numbers are very healthy and have more than 100% coverage. Of course, I am not saying that this information is easy to understand. I would suggest you to do your own research and understand the risks first. After all, even if you have 100% reserve proof, it does not mean that it is safe.

For example, if I ask you if you have 100 dollars, can you lend me some? I promise to pay you back. You see, I have 100 dollars now, so it means I will pay you back later. It's the same principle, but I think at least OKEx is willing to disclose the address of the wallet and promises to update the proof of reserve regularly every month. I will be more recognized by such a platform.

Okay, that's it for today's video. Thank you very much to OKEx for sponsoring this video. Finally, I want to say that 2022 is really a tough year. For many people, it's just the beginning of investing in this field. I know it's a loss of money or seeing my account become very popular. Because I've experienced it myself. But don't be pessimistic about the future just because of this. Although I don't really look forward to 2023, I think all the darkness will eventually come to light.

As long as you know you are doing the right thing and investing the right way, not gambling or speculation, there is nothing to be afraid of. At least I think so. It's the same, if you can't take the risk, you can't do any investment. When the obvious bear market is over and we start to enter the bull market again, you can invest again. Maybe this time is more suitable for you to invest in yourself. Whether it is to brush a few more liquidity, and wait for the next few seasons to be better, you can jump to the top.

Or learn something you've always wanted to learn but you don't have time to learn. The most important thing is to give this video a thumbs up and subscribe to my channel. See you next time.