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

My Journey in the Crypto World: 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, under my friend's recommendation, came into contact 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 the high withdrawal fees rang alarm bells. By using a blockchain explorer, I discovered anomalies in the fund pool and decisively transferred my assets back to Huobi, starting my true journey in the crypto world.

Faith Recharge: 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 shifted to short videos and unexpectedly gained 200,000 followers, but this laid the groundwork for future madness.

Magical 2020: The Lucky One in Dual Trends#

Elon Musk's shout-out awakened dormant assets, and 10,000 miraculously turned into 200,000. Profiting from both short videos and the crypto world created an illusion of being the "Child of the Era," which sowed the seeds for future reckless bets.

SHIB Carnival: An Amplifier of Human Greed#

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

May 19 Shock: The First Taste of the Market's Iron Fist#

Vitalik Buterin's donation caused SHIB to plummet, compounded by the extreme market conditions on May 19, leading to over half of my 600,000 assets evaporating. Yet, 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, I finally made a peak of 3.66 million with 0.3 ETH, experiencing the deadly thrill of digital fluctuations.

Bubble Burst: From Child of the Dimension to Specimen of Chives#

The illusion 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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