How to Go from Zero to Millions and Then to a Debt of One Hundred Thousand: Real Experiences of Getting Rich in the Cryptocurrency World

My Cryptocurrency Journey: From Millions to Debt Abyss#

(This article is adapted from real experiences, and personal information has been obscured.)

In June 2019, a long-lost friend suddenly messaged me: "Have you heard of Bitcoin?" Then he sent a bunch of CCTV reports. Looking at the fluctuating K-line on the screen, I felt as if the door to a new world was opening.

First Encounter with the Trap: The PlusToken Nightmare#

When my friend recommended the "arbitrage tool" PlusToken, I knew it might be a scam, yet I still invested 5,000 yuan with a sense of luck. After transferring 3 ETH in, I discovered:

The community was as fanatical as a pyramid scheme
Withdrawals required exorbitant fees
On-chain data revealed that funds were not genuinely flowing

After a harrowing escape from a system crash, I inadvertently opened Pandora's box. I began to convert ETH to BTC to average down, and my 50,000 principal shrank to 10,000 during the 312 crash, feeling disheartened and switching to short videos.

Riding the Wave: The Illusion of Dual-Line Wealth#

In 2020, when the pandemic broke out, my short video account unexpectedly went viral, and I received a trading signal from Musk when my daily income exceeded 10,000. Logging into my dusty Huobi account, 10,000 surprisingly turned into 200,000! Thus began my crazy mode:

Short videos + trading cryptocurrencies, monthly income over 500,000+
Proudly calling myself the "Child of the Era" and "Rich by Nature"
Starting to look down on labor income

Dogecoin Frenzy: The Roller Coaster from SHIB to STARL#

A decision made on the subway on May 8, 2021, changed everything:

Betting on SHIB doubled to 600,000 in three days
Vitalik's sell-off + the 519 crash brought me back to reality
Met a "noble person" and switched to Dog Leash (LEASH)

Buying STARL on July 3 became a turning point:

From 0.3 ETH to going all in
Account peak exceeded 3.66 million
Created tutorials, mingled in faith groups, listened to "Song of the Starlink"

Bubble Burst: The Metaverse Scam Revealed#

When the metaverse concept collapsed, my account plummeted from 3.66 million to 1.2 million. When I planned to cash out 600,000 to buy a car, I was persuaded by my brother to invest in ETH:

BMW 330i turned into Ethereum
Seemed like a wise choice in the short term
Became a deadly poison in the long term

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

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