How to Go from Zero to Tens of Millions and Then to a Debt of One Hundred Thousand: A Real Experience 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.

Entering 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, I discovered:

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

After narrowly escaping a system crash, I opened Pandora's box. I began converting ETH to BTC to average down, and my initial capital of 50,000 shrank to 10,000 during the 312 crash, leading me to despair and switch to short videos.

Riding the Wave: The Illusion of Dual Wealth#

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

Short videos + cryptocurrency trading, earning over 500,000 a month
Proudly calling myself "the child of the era" and "born to be rich"
Starting to look down on labor income

Dogecoin Frenzy: The Rollercoaster 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 testing the waters with 0.3 ETH to going all in
Account peak broke 3.66 million
Created tutorials, mingled in belief 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 a senior to invest in ETH:

BMW 330i turned into Ethereum
Seemed like a wise short-term choice
Long-term became a deadly poison

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

欧易币安web3研报