My Cryptocurrency Journey: From a Peak of 11 Million to the Abyss of Debt#
(This article is adapted from real experiences, and personal information has been anonymized)
Back then, I was still a young person full of hopes for the future🫡
Summer of 2019
An old friend who had been silent for years suddenly contacted me, mysteriously asking, "Have you heard of Bitcoin?" They then sent a series of links to CCTV reports. Looking at the words "decentralized revolution" on the screen, I seemed to see the entrance to a new world.
Entering the Trap
They immediately recommended the PlusToken wallet, claiming that the "electronic dog" feature could achieve automatic arbitrage between exchanges. Although my intuition was ringing alarm bells, I inexplicably bought 3 ETH (about 5000 yuan) on Huobi to test the waters. Soon, I discovered anomalies:
- The community was filled with a fervent atmosphere, allowing no room for doubt
- Withdrawals required paying fees as high as monthly earnings
- Blockchain records showed that funds had never been used for arbitrage
Narrow Escape
Miraculously, the platform recovered after a month of downtime, and I decisively withdrew my coins to Huobi. This experience taught me cryptocurrency trading skills and officially kicked off my adventure in the crypto world. I converted all my ETH into BTC and continued to accumulate, investing a total of 50,000 yuan to hold 0.62 BTC.
Darkest Moment
On March 12, 2020, the pandemic combined with market panic caused my account to shrink to 10,000 yuan. Disheartened, I shifted to the short video field and unexpectedly encountered a turning point in my career—my new account gained 200,000 followers in a month, earning over 10,000 yuan daily.
Turning Point
At the end of 2020, Musk's tweet caused BTC to surge 20 times! My dormant account suddenly jumped to 200,000 yuan, and combined with my short video income, my total assets exceeded 500,000 yuan. Proudly calling myself a "trend hunter," I began to swell with pride and became completely immersed in the crypto world.
Crazy Animal City
In May 2021, stimulated by Musk's tweet about SHIB, I invested all 0.87 BTC. A profit of 600,000 yuan in three days drove me completely insane, and I began to despise real income, averaging less than 4 hours of sleep daily while closely monitoring the market.
First Roller Coaster Experience
V God’s donation of SHIB triggered a crash, compounded by the 519 incident, causing my assets to halve to 300,000 yuan. In a rights protection group, I met a "noble person" and learned to use the TP wallet to participate in meme coin projects, laying the groundwork for future changes.
Interstellar Voyage
On July 3, 2021, influenced by friends in the group, I heavily invested in the STARL metaverse coin. My experiences included:
- Testing the waters with 0.3 ETH → holding 30 billion
- Refusing to take profits when assets soared to 3.66 million
- Tearfully liquidating at 1.2 million after a crash
Deadly Choice
While withdrawing 600,000 yuan to buy a car, I was persuaded to switch to ETH, a decision that ultimately led to...
[To be continued] Story source: Wang Duan Niao🐦
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Further Reading#
2025 Top Ten Exchanges in China - Authoritative Ranking
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This article does not constitute investment advice; the cryptocurrency market is highly risky, please participate with caution.