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The Myth of Instant Wealth in the Cryptocurrency World Shattered - A Record of the Contract Liquidation on February 3, 2025

2025.2.3
The drizzle taps on the empty streets, scattered umbrellas slowly drifting under the gray sky. The mobile notification bar keeps flashing red alerts about Ethereum's plummet, and the account balance glaringly freezes at three digits. The rain streaks on the glass window bizarrely overlap with the account curve.

Have the lives we fought for over the years become a joke?
From the top scorer in the county's college entrance exam to the youth under the cherry blossom tree at Wuhan University, and then to the dream chaser in the Hong Kong University lab, every footprint is soaked in sweat. But when I bet my life on the candlestick chart, fate dealt me the cruelest black humor.

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Twelve months ago, I smashed the bank teller's name tag and jumped into the cryptocurrency whirlpool with 200,000 savings. At first, it felt like a fish in water, the candlestick glow at three in the morning reflecting my youthful face. Copy trading, participating in new projects, chasing after meme coins, the account numbers grew like magic, being respectfully called "teacher" in the Discord group, as if I truly touched the key to financial freedom.

From the chilly spring to the snowy Christmas, the account quietly broke into seven figures. The seed of greed sprouted in the December cold—when BOME dropped to 0.008, I saw the phantom of the second PEPE. Averaging down at 0.007, adding more at 0.005, going all in at 0.003, until the guillotine fell this morning. The 3x leverage was as fragile as paper in the waterfall market.

The chips on the gambling table ultimately cleared to zero.

Ironically, I even convinced my parents to stake their retirement money. The suggestion to average down from 0.004 to 0.003 now feels like the devil's whisper. Watching my elderly parents hunch-backed studying wallet transfers, the guilt is more suffocating than the liquidation.

The fireworks on New Year's Eve are particularly dazzling. Among the seemingly concerned greetings from relatives, sharp arrows of "studying is useless" are hidden. The exchange app has become Pandora's box, every opening is a new abyss—those altcoins that once surged a hundredfold now have white papers that are nothing but satirical literature.

Who has really made money in the cryptocurrency world? When new coins launch and immediately crash, when hundredfold myths turn into zero curses, are there really survivors in this hellish arena? Perhaps we are all playing a game without a dealer.

The rain continues to fall. The once dashing youth now curls up in a 15-square-meter rental, staring blankly at the screen full of liquidation notifications. Those late-night readings of white papers, those carefully drawn trend lines, have shattered into fragments before reality. The future is like a paper boat soaked by rain, gradually sinking in the whirlpool of memory.

@Original Nezha | Sigma Hunter Σ

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