How to Go from Zero to Millions and Then to a Debt of One Hundred Thousand: A Real Experience in the Cryptocurrency World

My Cryptocurrency Journey: From Millions to Debt Abyss#

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

In June 2019, a long-lost friend suddenly messaged me: "Have you heard of Bitcoin?" Then he sent a bunch of reports from CCTV. Looking at the fluctuating candlestick chart on the screen, I felt as if the door to a new world was opening.

Entering the Trap: The PlusToken Nightmare#

When my friend recommended the "brick-moving artifact" PlusToken, I knew it might be a scam, yet I still invested 5,000 yuan with a sense of luck. After transferring 3 ETH, I discovered:

The community was as fanatical as a pyramid scheme
Withdrawals required exorbitant fees
On-chain data revealed that funds were not genuinely flowing

After a harrowing escape from a system crash, I inadvertently opened Pandora's box. I began to convert ETH to BTC to average down, and my 50,000 yuan principal shrank to 10,000 during the 312 crash, leaving me disheartened and shifting to short videos.

Riding the Wave: The Illusion of Dual-Line Wealth#

In 2020, when the pandemic broke out, my short video account unexpectedly went viral, and I received a trading signal from Musk when my daily income exceeded 10,000. Logging into my dusty Huobi account, 10,000 surprisingly turned into 200,000! Thus began a frenzied mode:

Short videos + trading coins, monthly income over 500,000+
Proudly calling myself the "Child of the Era" and "Rich by Nature"
Starting to look down on earned income

Dogecoin Frenzy: The Roller Coaster from SHIB to STARL#

A decision made on the subway on May 8, 2021, changed everything:

Betting everything on SHIB doubled to 600,000 in three days
Vitalik's sell-off + the 519 crash brought me back to reality
Met a "noble person" and shifted to Dog Leash (LEASH)

Buying STARL on July 3 became a turning point:

From testing the waters with 0.3 ETH to going all in
Account peak surpassed 3.66 million
Created tutorials, mingled in faith groups, listened to "The Song of Starlink"

The Bubble Bursts: The Metaverse Scam Revealed#

When the metaverse concept collapsed, my account plummeted from 3.66 million to 1.2 million. When I planned to cash out 600,000 to buy a car, I was persuaded by a senior to invest in ETH:

BMW 330i turned into Ethereum
Seemed like a wise choice in the short term
Became a deadly poison in the long term

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

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