The myth of wealth in the cryptocurrency world: everyone asks about the experience of going from zero to ten million and then to a debt of one hundred thousand.

From Zero to Millions and Then to Debt: My Crypto Asset Journey#

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

First Encounter with the Crypto World: A Young Man's First Touch#

In the summer of 2019, an old friend who had been silent for years suddenly messaged me: "Have you seen the CCTV report on Bitcoin?" He then sent a string of news links. That was my first exposure to the concept of "decentralization," and my intuition told me this could be a new land that changes destinies.

The PlusToken recommended by my friend became the beginning of a nightmare:

The electronic dog function of "arbitrage trading" seemed enticing, but the 3 ETH I invested with 5000 yuan plunged me into anxiety. The contrast between the frenzied atmosphere in the group and the high withdrawal fees, combined with revelations from blockchain experts about the flow of funds, finally made me recognize the essence of the Ponzi scheme.

From Abyss to Dawn: The First Bull-Bear Transition#

When the platform crashed, I was already prepared for my funds to go to zero. Dramatically, the system resumed operation, and I decisively withdrew my coins to Huobi to start a new chapter. After exchanging 3 ETH for 0.62 BTC and continuing to add to my position, I encountered the "Black Swan" of March 12, 2020:

My initial capital of 50,000 shrank to 10,000, prompting me to uninstall the trading software and switch to short video content. To my surprise, the account I registered during the same period went viral, earning over 10,000 daily, while Musk's endorsements propelled BTC into an epic market—thus the miracle of turning 10,000 into 200,000 was born.

Peak Moment: Metaverse Frenzy and Faith Collapse#

The Mars journey of SHIB was dazzling:

300,000 capital doubled to 600,000 in three days
Metaverse frenzy under Musk's endorsement
Daily fluctuations comparable to annual income

When STARL peaked at 3.66 million, I had become a "child of the dimension." The value fluctuations in my TP wallet were more thrilling than any entertainment, and the "Song of Starlink" in the Metaverse faith group became the anthem of the new era. However, V God’s donation of SHIB and the crash on May 19 caused my account numbers to plummet like an avalanche...

Fatal Turn: The Disillusionment of Financial Freedom#

I could have withdrawn 600,000 to buy a BMW, but under the advice of a benefactor, I invested in ETH instead. This "brilliant decision" ultimately became the starting point of my slide into the abyss—from a net worth of millions to a debt of 100,000, all in the blink of an eye.

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

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