Experience of becoming rich and then in debt in the cryptocurrency world: from zero to tens of millions and then to hundreds of thousands.

My Journey in the Crypto World: From the Myth of Sudden Wealth to the Reality of Millions in Debt#

(All images and links in this article retain their original information, only narrative optimization is made)

Self-Reflection in 2023
In the deep night of my thirties, flipping through the album of memories in the crypto world, I decided to document this true experience of rising from zero to tens of millions and then falling into the abyss.

Chapter One: First Encounter with the Crypto World (2019)#

That summer, an old friend I hadn't contacted in years suddenly sent me a news report from CCTV about Bitcoin. At that time, I had just come across the concept of "decentralization" and, using the PlusToken software recommended by him, invested 5,000 yuan to buy 3 ETH for my first trial.

When I discovered:

The community prohibited any questioning
Withdrawals required paying monthly earnings as fees
On-chain data confirmed that the arbitrage was not real

I decisively switched to Huobi after the platform crashed and recovered, starting my true crypto career.

Chapter Two: The Faith Recharge Period (2020)#

I converted all ETH to BTC and continued to average down, with a principal of 50,000 shrinking to 10,000 during the crash on March 12. The short video boom triggered by the pandemic unexpectedly took off for me, gaining over 200,000 followers in a single month and earning over 10,000 daily.

When the news of Musk endorsing BTC came, my account surprisingly surged from 10,000 to 200,000! Combined with short video income, my total assets exceeded 500,000, and the inflated mindset of calling myself a "trend catcher" began to sprout.

Chapter Three: The Crazy Animal City (2021)#

The popularity of SHIB allowed me to experience the power of meme coins:

On May 8, I invested all in SHIB, turning 300,000 into 600,000 in three days
A donation from Vitalik triggered a crash on May 19, halving my assets
I met a "noble person" and switched to MEME coins like LEASH and STARL

On July 3, I purchased STARL with 0.3 ETH, experiencing:

The agony of holding 30 billion
On July 25, my account exceeded 3 million
Creating a wallet purchase tutorial and composing "The Song of Starlink"
Liquidating 1.2 million after the metaverse concept collapsed

Chapter Four: The Turning Point of Fate#

I initially intended to withdraw 600,000 to buy a BMW, but on my brother's suggestion, I reinvested in ETH. This seemingly wise decision ultimately became the starting point of my slide into the abyss...

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

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