Hi everyone, I'm out of jail.
Going from a cash loss of RMB 1 billion to now having a debt of RMB 10 million made me think about a lot of things. I don’t have many friends to talk to, so I’m here to tell you about my half life.
My life has always been smooth, and fate has never played tricks on me. From 2013 to 2016, I caught up with Taobao. The Taobao store achieved two gold crowns, and there was also a Tmall store with annual sales of hundreds of millions.
Later, Pinduoduo became popular, and I wanted to make a similar app myself, so I gathered a group of people to start a business again. But this venture ended in disastrous failure. When the company was going bankrupt and liquidated, an old employee mentioned to me, boss, you can pay attention to Bitcoin.
In fact, I have heard this word many times, but for an entrepreneur, it still feels ethereal. After being reminded by people around me, I took a closer look. Then my ups and downs in life began.
Enter the circle
In 2017, I mortgaged my car for 200,000 yuan to enter the crypto. Based on my experience in the stock market, I went from 200,000 yuan to 500,000 yuan in just one month. Before I could be happy, 94 came, and in one day there was only 20,000 yuan left in my account.
But I recognized the theory of blockchain. When others were fleeing in panic, I bet all my wealth, mortgaged my house, used credit cards, and All In Bitcoin and Ethereum. I remember that in May 2018, I already had 50 million in my account, paid off all my debts, and bought two properties for my family. At that time, I felt that I was the chosen one.
peak
From 2017 to 2020, I basically never lost money, and I also got exposed to futures. In the currency contract emperor, I opened a real offer, and the name was "Bitcoin Little Steel Teeth". I believe many friends also knew me at that time. At its peak, the profit was 50 million.
At the same time, I also participated in mining Bitcoin in 2018, and my assets doubled every year. At the end of 2021, my total assets will be approximately 1 billion. At that time, many friends in the industry knew about it.
low point
People's desire for wealth is endless. From the very beginning, I thought about making 1 million and stopped, but now I am not satisfied anymore after making 1 billion. I started researching storage mining again, and it was this decision that put me in a desperate situation. At the beginning of 2022, FIL had adjusted back to 50 US dollars. I felt that the washout was about to end, so I bought a large amount and arranged a lot of node mining.
But as time went by, FIL continued to fall, so I kept buying to prepare for lower costs. Later, everyone knew that FIL was gone forever, and my assets shrank to about 100 million.
The feeling of unwillingness has been hanging over me. At this time, a friend came to me and said that he was going to do a project and asked me to memorize a book. If the project is completed, I can get hundreds of millions of dollars. I agreed without thinking, and lent him all my FIL coins to help him become a node.
Because of my weak legal awareness, my unconditional trust in my friends and the ruthless decline of the market.
Finally one day it collapsed. When the comrades from the Public Security Bureau came to arrest me at home, I still felt like I was in a dream, for just half a year. I have nothing.
I thought about committing suicide when I first entered, and I felt so dreamy every day. I reflected on this for several months and reviewed my life countless times. Every time it gives me endless pain but also a glimmer of hope.
Extended reading: Where have all the people who left the crypto gone?
Reality
When we came into this world, we had nothing. Now that I have the courage to start over, I will use Weibo (Little Gangya Bangbao, Bitcoin Xiaogangya) to record my new life. I also hope that my friends will support and encourage me. .
Editor's note: After reviewing the history of China's crypto, we found that Bitcoin Xiaogangya was quite famous in the contract market in 2018, and his self-proclaimed net worth of 1 billion should be in RMB. As for why he was sentenced after breaking the law, it is speculated that he lent funds to a friend, and the friend used fraud and was listed as an accomplice.
