The real journey of the cryptocurrency world from zero to ten million and then to a debt of one hundred thousand.

My Cryptocurrency Journey: A True Experience from Millions to Debt#

This year, at thirty, family changes prompted me to open dusty photo albums and sort through this tumultuous crypto life. This is a cautionary tale about greed, opportunity, and destruction.

First Encounter with the Crypto World: The Naive Start of a Sunshine Boy#

In June 2019, an old friend who had been silent for years suddenly sent me a report on Bitcoin from CCTV. At that time, I was amazed by the concept of "decentralization" and, under my friend's recommendation, I came into contact with PlusToken, using 5,000 yuan to buy 3 ETH to try "arbitrage trading."

First Awakening: Unmasking the Ponzi Scheme#

The strange atmosphere in the community and high withdrawal fees rang alarm bells. By using a blockchain explorer, I discovered anomalies in the fund pool and decisively transferred my assets back to Huobi, beginning my true journey in the crypto world.

Faith Recharge: Tuition from 50,000 to 10,000#

I sold all my stocks to invest more in Bitcoin, experiencing the black swan crash on March 12, where my 50,000 principal shrank to 10,000. I shifted to short videos and unexpectedly gained 200,000 followers, but this laid the groundwork for future madness.

Magical 2020: The Lucky One in Dual Booms#

Elon Musk's endorsement awakened dormant assets, miraculously turning 10,000 into 200,000. Profiting from both short videos and the crypto world created the illusion of being a "child of the era," planting the seeds for future reckless bets.

SHIB Carnival: An Amplifier of Human Greed#

In May 2021, I went all-in on SHIB, doubling my investment in three days. After tasting the thrill of quick money, I became completely lost; earning 100,000 a day made my regular income feel dull.

May 19 Shock: The First Taste of Market's Iron Fist#

Vitalik Buterin's donation caused SHIB to plummet, combined with the extreme market conditions on May 19, leading to over half of my 600,000 assets evaporating. Yet, in this darkest moment, I met my second "noble person," starting a crazier journey with meme coins.

Starlink Miracle: The Roller Coaster of 30 Billion Tokens#

On July 3, 2021, I went all-in on the metaverse concept coin STARL. After enduring the agony of cutting losses and replenishing my position, I finally achieved a peak of 3.66 million with 0.3 ETH, experiencing the deadly thrill of digital fluctuations.

Bubble Burst: From Child of the Dimension to Specimen of Chives#

The illusion of the metaverse shattered, and 3.66 million shrank to 1.2 million. I could have cashed out to buy a BMW, but I was seduced by the notion that "Ethereum can still rise," and reinvested 600,000 cash into the abyss.

[To be continued] Story source: Wang Duan Niao 🐦

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