Getting rich in the cryptocurrency world: from zero to tens of millions, then going into debt by a hundred thousand.

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

(This story is purely true; any resemblance to actual events is purely coincidental.)

Entering the Scene: The Blockchain Enlightenment of a Sunshine Boy#

In June 2019, an old friend who had been silent for years suddenly sent me a report about Bitcoin from CCTV. Looking at unfamiliar terms like "decentralization" and "digital gold," I, at 28, felt as if I had opened the door to a new world. With my friend's recommendation, I cautiously invested 5,000 yuan to buy 3 ETH, embarking on the fantastical journey of Plus Token.

First Battle Defeated: The Thrilling 30 Days of Electronic Dog Arbitrage#

The community filled with flattery made me alert. When I discovered that the so-called "arbitrage" was actually a Ponzi scheme, I experienced my first escape from the cryptocurrency world. A month later, the platform's magical experience of crashing and restarting taught me to trade cryptocurrencies using Huobi, officially starting my crypto journey.

Faith Recharge: The Roller Coaster from 50,000 to 10,000#

Believing that Bitcoin was the true savior, I converted all my ETH to BTC and continued to add to my position. Unexpectedly, the Black Swan event on March 12 shrank my 50,000 capital to 10,000, leaving me disheartened and shifting to the short video arena. Little did I know that the traffic dividends spawned by the pandemic would unexpectedly bring me 200,000 followers.

Magical 2020: The Wealth Myth of Dual-Line Operations#

When Musk's endorsement turned 10,000 into 200,000, and short videos brought in gold daily, I, at 30, prided myself as a "windfall catcher." At the beginning of 2021, holding 500,000 in assets, I performed a wealth magic trick turning 300,000 into 600,000 during the SHIB carnival night, unaware that the scythe of fate was already looming.

Peak Moment: The Metaverse Carnival and Million-Dollar Illusions#

Through the TP wallet, I encountered STARL, experiencing the fantastical journey of 30 billion tokens skyrocketing from 400,000 to 3.66 million. Those nights singing "Starlink Song" in the Metaverse faith group, the choice between a BMW and ETH, ultimately turned into a sense of loss when I liquidated at 1.2 million.

Darkest Hour: From Dimension Child to Debt Youth#

When I exchanged 600,000 for a car into ETH for a gamble, when leveraged contracts faced a series of liquidations, when a family member suddenly fell ill and needed funds... the wealth that once seemed within reach slipped away like quicksand. Looking back at the fluctuations on the K-line chart, I realized that the greatest enemy of investment is always one's own greed.

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

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