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

The Rise and Fall of a Cryptocurrency Player: From Wealth Myths to Debt Abyss#

(This article is adapted from real experiences, and personal information has been anonymized)

Entering the Scene: A Sunshine Boy's First Experience with Blockchain#

In the summer of 2019, my long-silent WeChat suddenly buzzed. A friend sent a news report from CCTV about Bitcoin, accompanied by a mysterious voice message: "This thing can change the world!" At that time, I had just turned 26, and my life as a new media worker earning 20,000 a month was as dull as water; this string of encrypted characters instantly ignited my curiosity.

Lesson One: The PlusToken Horror Story#

At a friend's recommendation, I nervously transferred 5,000 yuan to my Huobi account, exchanging it for 3 ETH to invest in PlusToken. When I discovered that the so-called "electronic dog arbitrage" was nothing but air operations, the group was showcasing a surreal reality—doubters were kicked out, praises flooded the screen, a vivid scene of contemporary digital materialism.

Thirty days later, the platform crashed, and I thought I was about to witness a "Wolf of Wall Street" escape. Unexpectedly, when the system revived, I snatched back my ETH as if snatching food from a crocodile's mouth, but this opened Pandora's box: I became deeply trapped in candlestick charts.

Faith Recharge: From Value Investment to Faith Collapse#

I sold off stocks at a loss of 50,000, repeatedly bled my salary card, and 0.62 Bitcoin became my digital totem. It wasn't until the Black Swan event on March 12, 2020, when my account shrank to 10,000, that I understood the true meaning of the phrase "the market can remain irrational longer than you can remain solvent" from "The Big Short."

Dual Fronts: Short Video Boom and Coin Circle Fate#

During the pandemic lockdown, my humorous science popularization account unexpectedly went viral. When Musk started tweeting about it, an absurd plot unfolded: my forgotten Bitcoin account skyrocketed from 10,000 to 200,000! That feeling of dizziness was like Wang Duoyu from "The Richest Man in Xihong City" seeing a billion in cash.

Zootopia: The SHIB and Dog Coin Carnival#

On the subway on May 8, 2021, Musk's tweet lit up my phone screen. That night, SHIB launched on Huobi, and I played out a real-life version of "God of Gamblers": turning a principal of 300,000 into 600,000 in three days. When Vitalik's donation caused the coin price to halve, I realized I was just a lamb to be slaughtered in "Animal World."

The Cycle of Calamity: The Fatal Choice on Car Pickup Day#

I was already holding the BMW key but was swayed by my brother's words, "Ethereum can still rise." Standing in the bank's VIP room at that moment felt like Gordon from "Wall Street" possessed me. 600,000 in cash turned back into ETH chips, unaware that this was the last ticket to the abyss...

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

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