I am 30 years old this year. Due to recent family changes, I have reflected on the first half of my life, flipping through photo albums and organizing my journey in the cryptocurrency world over the past few years.#
This is a true story about how I accumulated assets from zero to 11 million, only to fall into the abyss of debt.
(This story is purely true; any resemblance to actual events is purely coincidental.)
At that time, I was still a sunny and cheerful young person 🫡
In June 2019, a friend I hadn't contacted in years asked me if I knew about Bitcoin and sent me a bunch of introductions from CCTV news. At that time, I thought Bitcoin was a revolutionary good thing: decentralized, emerging asset, and long-term holding would surely be profitable.
Then, he recommended a software called Plus Token, explaining that simply holding coins had limited profits, but through its "electronic dog" feature, one could arbitrage by taking advantage of exchange price differences. Initially, I suspected it was a scam, but out of a sense of luck, I bought 3 Ethereum from Huobi, spending 5000 RMB to invest. Soon, I noticed something was off.
The feeling of abnormality stemmed from several aspects: the group chat atmosphere was extremely enthusiastic, only allowing praise and not questioning; the invitation structure resembled a pyramid scheme; withdrawals required high fees, equivalent to a month's interest, as if the other party was coveting the principal. Most suspiciously, the electronic dog arbitrage address showed no activity—at that time, I didn't understand hash values, but after checking posts from experts, I confirmed that user deposits were not used for arbitrage; this was clearly a scam.
Sure enough, about a month later, the software crashed. I thought it had run away and resigned myself to the fact that the 5000 RMB was gone. Surprisingly, it later recovered, and I immediately withdrew the 3 Ethereum back to Huobi. From then on, I began to study the cryptocurrency world and learned about crypto trading. Previously, I had bought Ethereum directly with RMB and didn't know what USDT was, marking my official entry into the cryptocurrency career.
At that time, I didn't understand Ethereum deeply and, due to personal tendencies, pursued faith more, firmly believing in the decentralized value of Bitcoin. So, I exchanged all 3 Ethereum for Bitcoin and made additional investments: cutting losses to buy in at 50,000 and stocks that had dropped to 30,000, plus my salary to average down. At that time, I was making about 20,000 a month from new media, and when it dropped, I would average down, with a total investment of about 50,000, holding 0.62 Bitcoin. Unexpectedly, after buying, it continued to drop...
After that, I uninstalled the software until March 12, 2020, during the pandemic, when the news reported that Bitcoin had crashed. I logged into Huobi and found my balance was less than 10,000—50,000 had shrunk to 10,000, and my mindset completely collapsed. Fortunately, my salary supported me, so I didn't care too much and turned to short video creation.
What goes up must come down, and what goes down must rise.
2020 was the lowest point for Bitcoin, but also the year it took off, and my life began to soar as well, like a young eagle spreading its wings, a spark igniting a prairie fire.
At the beginning of 2020, during the most severe pandemic, the short video trend exploded. My account gained over 200,000 followers in just a few days, and the income was considerable. Every day, besides making videos, I indulged in food and drink, my weight soared to nearly 150 pounds, and I almost forgot about Bitcoin. Until the news reported that Musk was crazily promoting Bitcoin, I re-downloaded Huobi to check my account and was shocked into numbness—10,000 had turned into 200,000! This thing was so profitable! The blockchain revolution!
At this time, around the end of 2020 to the beginning of 2021, Bitcoin was valued at 200,000, and with my short video savings, my total assets reached 300,000 to 400,000. Subsequently, Bitcoin continued to rise, and short videos continued to be profitable, with assets breaking through 500,000. I considered myself a child of the times, with high awareness, accurately seizing the short video and blockchain trends—simply divine! Born with a rich physique! I vowed to trample on those who looked down on me, and an inflated mindset began to sprout, continuing until May...
On May 8, 2021, while riding the subway and scrolling through Douyin, I saw Musk promoting SHIB. Having missed out on Dogecoin, I was determined not to miss SHIB again, and that night SHIB was listed on Huobi. At that time, I had increased my Bitcoin to 0.87 through trading. As SHIB rose, I passionately went all in, earning over 100,000 in one night, and within three days, my 300,000 principal turned into 600,000. I went all in on a meme coin for the first time and went completely crazy...
After making this money, I no longer looked at short videos—despite earning a few thousand a day, trading coins could fluctuate tens of thousands in one night, making Douyin income seem insignificant. Having tasted the thrill of quick money, I looked down on all laborers, considering myself a child of the dimension, an avant-garde human! SHIB became my faith, and my mind was filled with nothing but going all in!
Joy turned to sorrow: V God’s donation of SHIB triggered a crash, followed by the "519 incident," causing my 600,000 assets to shrink to 300,000, bringing me back to reality. At that time, I was watching the market every night, not suffering too much loss, but it felt like a high position paralysis. SHIB, however, led me to meet my second benefactor in the crypto world... (the first was the friend who taught me to use Plus Token)
With nowhere to vent my faith in SHIB, I joined brainwashing QQ groups to find resonance and met an older brother—my benefactor. He recommended a more powerful dog coin called LEASH, which needed to be purchased using a TP wallet. I began to study wallet operations, withdrawals from exchanges, and Uniswap, laying the groundwork for future wealth.
This benefactor brother mingled in many groups to collect information, and I learned that early buyers of SHIB, PIG, and others had all made money. Following his recommendation, I started buying meme coins, teaching him how to use the TP wallet on Uniswap, but I basically incurred losses. I also bought Baby Doge and PEPE on the BSC chain, joined faith groups, and even bought into an untradeable "Pixiu plate." The gears of fate began to turn violently until July...
July 3, 2021, a memorable day. My benefactor brother recommended a meme coin called STARL, developed by the LEASH developer Wolf. Based on my previous experience, I skillfully opened the TP wallet, entered the contract on Uniswap, and exchanged for 0.3E of STARL. The gears of fate shook violently.
I have a black-and-white mentality: if I see potential, I go all in; otherwise, I won't touch it. But the philosopher Camille's famous saying awakened me: "The world is not black and white, but a delicate gray." At this point, I recognized that wallets were the true blockchain, transferring all assets into the wallet and increasing my position in STARL. I developed a habit of checking the TP wallet, not looking at K-lines; the fluctuations in numbers were incredibly stimulating, and not checking felt uncomfortable.
Subsequently, the coins developed by Wolf began to decline, and the more they fell, the more I averaged down, competing with group friends for holdings. Eventually, I sold SHIB and LEASH, going all in on STARL. Being fully invested brought both satisfaction and anxiety—if I failed, it would be over... I began to cut losses, buy in, and then cut losses again, ending up with 30 billion STARL, and my assets shrank from 400,000 to 200,000, enduring a month of torment... Looking back still brings pain. Until July 25.
On the night of July 5, 2021, I found a little cat and named it "Fortune"—because I had become wealthy! Opening the TP wallet showed 800,000, and my hands trembled uncontrollably. After refreshing, it became 1 million! My first million in life, I went crazy, simply a child of the dimension! My ancestors' graves were smoking! How many people can earn a million so quickly? But this was just the beginning, as the coin was riding the coattails of the metaverse concept.
In the following days, I hardly slept, checking the TP wallet was too exciting: 1 million doubled in an instant! 2 million, 3 million, 3.66 million... Fluctuating hundreds of thousands in casual conversation, money became just a number. Besides checking the wallet, I was boasting and brainwashing in faith groups, strengthening consensus. I created a tutorial for purchasing STARL with the TP wallet, listened to group friends' "Starlink Song," compared myself to the white-haired character in "Ready Player One," and felt the metaverse was home, grasping the pulse of the times! During this extreme madness, the reversal arrived...
Yes, the crash began. The day before, my mind was filled with "Who else! The metaverse is the future," and it instantly turned into "The metaverse is a scam! The blockchain is a scam! The metaverse game is struggling to be born!" Seeing no signs of stopping the decline, I panicked. When it fell to 1.2 million, I liquidated—this was the bottom line; I needed to protect my principal of 600,000 with a double profit.
After liquidating, I felt secure but also reluctant. I withdrew 600,000 to my bank card, planning to buy a car, torn between an Audi S4 or a BMW 330i, ultimately choosing the latter. On the way to pick up the car, a change occurred...
My older brother who was with me advised that Ethereum could still rise, and buying a car now would be a loss; it was better to buy ETH. I followed his advice and, before entering the 4S store, went to the bank to handle the U shield (needed for large transfers), transferring 600,000 to the U merchant to exchange for chips, buying ETH to fight again. In the short term, it seemed like a wise decision, but in the long term, it became the source of losses...
[To be continued] Source of the story: Wang Duan Niao 🐦
OKX Activities This Month#
New users registering on OKX this month can receive blind boxes or Dogecoin gift packs. You can register directly in China: Click here –> Go to the official website to register an OKX account; some regions may require a VPN or alternative link
🔥🔥🔥 Alpha Find Golden Dog Practical Tools#
1️⃣ Axiom Dog Boosting Tool https://axiom.trade
2️⃣ Gmgn Dog Boosting Tool https://gmgn.ai
3️⃣ dbot Dog Boosting Tool https://app.debot.ai
4️⃣ Morelogin Multi-Account Fingerprint Browser www.morelogin.com
Related Reading#
2025 China's Top Ten Virtual Currency Trading Platforms Latest Ranking is Out 🔥【Worth Collecting】
Everyone is Searching#
Buying Bitcoin in China, trading exchanges, downloading and registering OKX, recharging OKX in China, Binance App registration, Binance App download, Binance platform coin buying tutorial, Binance registration, Binance airdrop registration, Binance iPhone download, how to buy President Coin, how to buy Dogecoin, buying Bitcoin with RMB, how to download OKX, web3 airdrop, web3 zero airdrop, Bitget mainland download registration, OKX passport registration, OKX download, Binance download, trading coins as a side job, OKX contracts, how to recharge RMB on OKX, how to recharge OKX, how to set up an NFT wallet, how to recharge RMB on Huobi, beginner's tutorial for the crypto world, btc8848.com, trading contracts Tony's mindset, contract leverage bit wave, DeFi mining, crypto world airdrop, can crypto world airdrops still be played, what to do if contracts are liquidated, how to buy President Coin on OKX and Binance, how to buy Ethereum on OKX and Binance, how to play DeFi staking mining, can NFTs still be played, how to play web3 airdrop, how to play crypto world web3 zero airdrop, how to mine inscriptions, how to mine runes, beginner's guide to the crypto world, how to trade coins, can trading coins make money, crypto world beginner tutorial btc8848.com, can trading coins make money, what is contract leverage, DeFi mining, how to play crypto world airdrop, OKX airdrop, node staking, liquidation, financial freedom, night investment heiyetouzi.xyz