Real Stories of Sudden Wealth in the Crypto World: Many people ask me how I went from 0 to 11 million and then to a debt of 100,000 after so many years of trading cryptocurrencies.

At 30 years old this year, due to recent family changes, I reflected on the first half of my life and organized my journey in the cryptocurrency world after flipping through photo albums.

This is a true story of going from zero to 11 million, and then into debt.
(This story is purely true; any resemblance to actual events is purely coincidental.)

Back then, I was still a sunny and cheerful big boy🫡

In June 2019, a friend I hadn't contacted in years asked me if I knew about Bitcoin and forwarded a bunch of CCTV news introductions about Bitcoin. At that time, I felt this was a good thing: decentralized, a new thing, and holding it long-term would definitely make money.

Then, he recommended a software called PlusToken, explaining that simply holding coins had limited profits, but through its "electronic dog" feature, one could arbitrage by taking advantage of exchange price differences. Initially, I thought it sounded like a scam, but with a stroke of luck, I bought 3 Ethereum from Huobi (spending 5000 RMB) and invested in it. Soon, I noticed something was off.

The feeling of abnormality stemmed from the extremely radical atmosphere in the group chat—only praise was allowed, and questioning was not. The invitation structure resembled a pyramid scheme, and withdrawals required high fees (about a month's interest), as if they were after the principal rather than the interest. Even more suspicious was that the electronic dog arbitrage address had not changed; although I didn't understand hash values at the time, I had seen posts from experts confirming that user deposits were not used for arbitrage, which was clearly a scam.

Sure enough, about a month later, the software crashed, and I thought it had run away, losing 5000 RMB. Unexpectedly, after it recovered, I immediately withdrew the 3 Ethereum back to Huobi and began researching cryptocurrency trading. Previously, I had bought Ethereum directly with RMB and didn't know what USDT was, thus officially stepping into the cryptocurrency world.

At that time, I didn't have a deep understanding of Ethereum; due to my personal nature, I pursued faith more, firmly believing in the value of decentralization, thinking that Bitcoin was the real value. So, I exchanged 3 Ethereum for Bitcoin and added to my position: cutting losses on stocks (buying at 50,000 turned into 30,000), plus my salary (at that time, I was making over 20,000 a month in new media), totaling an investment of 50,000, holding 0.62 Bitcoin. Unexpectedly, after buying, it continued to decline.

After uninstalling the software, on March 12, 2020, during the pandemic, the news reported that Bitcoin had plummeted. I logged into Huobi to check my balance, and the 50,000 had shrunk to less than 10,000; I was devastated. Fortunately, I had my salary to support me, so I didn't pay too much attention and turned to short video creation.

What goes up must come down, and what goes down must rise.

2020 was the lowest point for Bitcoin, but also the year it took off, and my life took off simultaneously—like a fledgling eagle spreading its wings, a spark igniting a prairie fire.

At the beginning of 2020, when the pandemic was at its worst, the short video boom erupted. My account gained over 200,000 followers within a few days of registration, and the income was considerable. My daily routine consisted of making videos and enjoying life, and my weight soared to nearly 150 pounds, almost forgetting about Bitcoin. Until the news said Musk was promoting Bitcoin, I downloaded Huobi to check my account and was shocked—10,000 turned into 200,000! This thing was so profitable! The blockchain revolution!

By the end of 2020 and the beginning of 2021, Bitcoin was valued at 200,000, and with my short video savings, my total assets reached 300,000 to 400,000. As Bitcoin continued to rise and short videos became profitable, it increased to over 500,000. I considered myself a child of the era, with high awareness, having hit the short video and blockchain trends; I felt like a god! Naturally destined to be rich! This inflated mentality took root and lasted until May.

On May 8, 2021, while taking the subway and scrolling through Douyin, I saw Musk promoting SHIB. Having missed Dogecoin, I didn't want to miss SHIB again, so that night SHIB was listed on Huobi. At that time, Bitcoin had increased to 0.87. When SHIB started to rise, I passionately went all in, making over 100,000 in one night, and within three days, my 300,000 principal turned into 600,000. I became completely obsessed with altcoins on my first try.

After making this profit, I no longer looked at short videos (even though I was making a few thousand a day). Trading cryptocurrencies could fluctuate 100,000 in one night; who cared about the small money from Douyin? After tasting the thrill of quick money, I looked down on all laborers earning money, considering myself a child of the dimension, a cutting-edge human! SHIB became my faith, and my mind was filled with going all in!

When joy turned to sorrow, V God’s donation of SHIB triggered a crash, followed by the 519 incident. My 600,000 shrank to 300,000, bringing me back to reality. Because I was monitoring the market every night, I didn't suffer too much loss, but I was paralyzed at the high point. However, SHIB led me to meet my second benefactor in the crypto world (the first was the PlusToken introducer).

To express my SHIB faith, I joined a brainwashing QQ group to find resonance and met an older brother (benefactor). He recommended a token called LEASH, claiming it was better than SHIB and needed to be purchased using a TP wallet. I began researching wallets, withdrawing from exchanges, and using Uniswap, which laid the groundwork for my subsequent immense wealth.

This benefactor brother was active in many groups collecting information, and I learned that SHIB, PIG, and others had made money for wallet buyers. Following his recommendation, I started buying altcoins, teaching him how to use the TP wallet on Uniswap, but I basically incurred losses. I also bought BSC's Baby Doge, PEPE, and joined faith groups, even acquiring a Pixiu token (a coin that couldn't be sold). The wheels of fate began to turn violently until July.

July 3, 2021, is a memorable day. The benefactor brother recommended STARL, claiming it was developed by WOLF (the developer of LEASH), and I believed him. Based on previous experience, I skillfully opened the TP wallet and exchanged 0.3E for STARL on Uniswap. The wheels of fate shook violently.

I have a black-and-white mentality: if I see potential, I go all in; if not, I abandon it. But the world is not black and white; it is a delicate gray (as the philosopher Pierre Voltaire said). At this point, I regarded my wallet as the true blockchain, transferring all my assets into it and increasing my position in STARL. I developed a habit of refreshing the TP wallet, not looking at K-lines, becoming addicted to the fluctuations of numbers.

The coins developed by WOLF began to decline; the more they fell, the more I added to my position, competing with group friends for holdings. Eventually, I sold SHIB and LEASH, going all in on STARL. Being fully invested brought both satisfaction and anxiety: if I failed, it would be over. After repeatedly cutting losses and buying, I was left with 30 billion STARL, turning from profit to loss, shrinking from 400,000 to 200,000. After a month of torment, the memories still hurt. Until July 25.

On the night of July 5, 2021, I found a kitten and named it "Fortune," as I opened the TP wallet to see my assets had become 800,000! After refreshing, it reached 1 million! My first million, I went crazy—simply a child of the dimension! My ancestors' graves were smoking! But I knew this was just the beginning, as the coin was riding the coattails of the metaverse concept.

In the following days, I hardly slept; refreshing the TP wallet was too thrilling: 1 million doubled to 2 million, 3 million, 3.66 million. In the midst of laughter, fluctuations of hundreds of thousands occurred, and money became just a number. Besides refreshing the wallet, I boasted and brainwashed in the faith group, creating a tutorial for buying STARL with the TP wallet, listening to group friends sing "Starlink Song," comparing myself to the white-haired character in "Ready Player One," saying the metaverse is home, grasping the pulse of the era! During this extreme madness, the reversal arrived.

That's right, the crash began. The day before, I was still shouting, "Who else! The metaverse is the future," and in the blink of an eye, I was cursing, "The metaverse is a scam, blockchain is a scam, games can't be made!" Seeing the continuous decline with no signs of stopping, I panicked. When it fell to 1.2 million (the bottom line of 600,000 principal, needing to secure double profits), I liquidated everything.

After liquidating, although I was reluctant, I felt secure. I withdrew 600,000 to my bank account to prepare to buy a car (debating between an Audi S4 or a BMW 330i, I chose the latter). On the way to pick up the car, a change occurred.

A brother accompanying me said Ethereum could still rise, and buying a car now would be a loss; it was better to buy Ethereum. I took his advice and went straight from the 4S shop to the bank to handle the U shield (needed for large transfers), transferring 600,000 to a U merchant to buy ETH. In the short term, it seemed like a wise decision, but in the long term, it became the source of my losses.

[To be continued] Source of the story: Wang Duan Niao🐦

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【True Stories of Sudden Wealth in the Crypto World】Many people ask me how I went from 0 to 11 million and then to a debt of 100,000 after so many years of trading cryptocurrencies.

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