A real-life experience of going from zero to ten million in the cryptocurrency world and then going into debt by a hundred thousand.

My Journey in the Crypto World: From the Peak of 11 Million to the Abyss of Debt#

(This story is adapted from real experiences, with artistic processing of characters' experiences)

First Encounter with the Crypto World (2019)#

When a long-lost friend suddenly sent me Bitcoin news, I was immersed in the gloom of traditional investment losses. The concept of "digital gold" reported by CCTV caught my attention, and I immediately purchased 3 ETH on Huobi (worth 5000 yuan at the time). However, the PlusToken recommended by my friend made me alert—those frenzied community vibes and multi-level invitation mechanisms perfectly matched the characteristics of the Ponzi scheme that would later be exposed.

First Battle Fails (2019-2020)#

After experiencing withdrawal obstacles and abnormal addresses, I decisively withdrew my funds and shifted to mainstream coins. I converted all ETH to BTC and continued to average down, with a principal of 50,000 shrinking to 10,000 during the 312 black swan event. This crash unexpectedly became a turning point—I switched to the short video track during the pandemic and surprisingly gained 200,000 followers in six months, earning a stable income of over 20,000 per month.

Bull Market Surge (2020-2021)#

Elon Musk's tweets awakened my dormant BTC account, miraculously turning 10,000 into 200,000. The dual income from short videos and trading coins rapidly accumulated my assets to 500,000, and I began to call myself a "trend catcher." The subway moment on May 8, 2021, became a critical turning point—I went all in on SHIB and made 600,000 in three days, becoming completely addicted to the profit game of meme coins.

The Starlink Myth (2021)#

Under the guidance of a "noble person" in the community, I went all in on STARL, which claimed to be a metaverse concept. After enduring the agony of a 30 billion holding, a miracle occurred on July 25: my account soared from 200,000 to 3.66 million. Those sleepless nights, I repeatedly refreshed my TP wallet, watching the numbers jump as if I controlled the entire crypto universe.

The Peak and Decline (2021)#

When the metaverse bubble burst, my 3.66 million assets melted away like snow. When I cleared 1.2 million, the 600,000 that could have been withdrawn to buy a car ultimately flowed back into the coin market. This decision made me miss the last escape opportunity and laid the groundwork for the subsequent abyss...

[To be continued] Complete experience tracking: Wang Duan Niao 🐦 Twitter

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