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

My Cryptocurrency Journey: 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 Naive 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 of the community and high withdrawal fees sounded alarm bells. By checking the blockchain explorer, I discovered anomalies in the fund pool and decisively transferred my assets back to Huobi, starting my real journey in the crypto world.

Faith Investment: 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 through short videos, but this laid the groundwork for future craziness.

The Magical Year of 2020: The Lucky One in Dual Booms#

Elon Musk's tweets awakened dormant assets, turning 10,000 into 200,000 miraculously. Profiting from both short videos and the crypto world, my wealth inflated to 500,000, creating the illusion of being a "child of the era," which sowed the seeds for future reckless bets.

SHIB Frenzy: An Amplifier of Human Greed#

In May 2021, I went all in on SHIB, doubling my investment in three days. After tasting the thrill of quick money, I became completely lost; earning 100,000 a day made my regular income feel dull.

The 519 Blow: First Taste of the Market's Iron Fist#

Vitalik Buterin's donation caused SHIB to plummet, and combined with the extreme market conditions on May 19, over half of my 600,000 assets evaporated. However, in 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 finally made a peak of 3.66 million from 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 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 🐦

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