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

My Journey in the Crypto World: 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 Innocent 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, after a friend's recommendation, I got involved with PlusToken, using 5,000 yuan to buy 3 ETH to try "arbitrage trading."

First Awakening: Seeing Through the Ponzi Scheme#

The strange atmosphere in the community and high withdrawal fees rang alarm bells. By checking the 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: From 50,000 to 10,000 in Tuition Fees#

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 unexpectedly gained 200,000 followers by switching to short videos, but this laid the groundwork for future madness.

Magical 2020: The Lucky One in Dual Booms#

Elon Musk's endorsement awakened dormant assets, turning 10,000 into 200,000 miraculously. Profiting from both short videos and the crypto world, my net worth inflated to 500,000, creating the illusion of being a "child of the times," which sowed 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 on the subway. After tasting the thrill of quick money, I became completely lost; earning 100,000 a day made my regular income feel dull.

The 519 Strike: 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. However, during 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 ultimately made 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 dream of the metaverse shattered, and my 3.66 million shrank to 1.2 million as I liquidated my assets. 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🐦

欧易币安web3研报