My fingers trembled slightly, refreshing the page repeatedly, confirming that this was not an illusion. Just 12 hours ago, my contract account only had 50,000 RMB (about $7,000), and now it had turned into 5 million.
All this stemmed from a crazy contract.
1.1 The last gamble
In May 2025, Bitcoin hovered around $60,000 for nearly a month. Market sentiment was extremely divided—some believed the bull market was nearing its end and would soon crash; others firmly believed it was the calm before the storm, and a massive surge was about to come.
And I, a 'veteran' who has been struggling in the crypto world for three years, had already been in continuous losses for half a year. After the last liquidation, I was almost in despair, with only 50,000 RMB left in my account.
"Either it goes to zero, or I turn it around."
On the afternoon of May 19, I decided to go all in.
1.2 The deadly temptation of high leverage
Opened a long position with 100x leverage, entry point at $68,200, margin 50,000 RMB.
This means:
Rising to $69,000 → Doubling
Dropped to $67,400 → Liquidation
In the next 12 hours, Bitcoin surged like crazy.
8 PM: $69,000, account doubled, 100,000.
11 PM: $70,000, account $200,000.
1 AM: $71,000, account $400,000.
3 AM: $72,500, account breaks 5 million.
I slumped in my chair, my mind blank.
Chapter 2: The First Reaction After Getting Rich—Ecstasy and Panic
2.1 Withdraw! Withdraw! Withdraw!
My first reaction was not to celebrate, but to madly click the 'Withdraw' button.
"Will the exchange run away?"
"What if they suddenly pull the plug?"
I quickly converted all 5 million RMB to USDT at the fastest speed, then withdrew it in batches to a cold wallet. I only relaxed a bit when I saw the on-chain confirmation.
2.2 Who to tell? How to spend?
I stared at the numbers in my mobile banking, suddenly realizing one problem: Who should I tell?
Parents? They always thought I was working a 'serious job'; suddenly saying I made 5 million trading crypto might scare them to death.
Friends? Friends in the crypto world would envy me, but friends in real life might think I'm bragging, even bringing unnecessary trouble.
Girlfriend? We've only been together for six months; if I tell her now, what will she think?
In the end, I decided—not to tell anyone for now, and to stay calm for a few days.
2.3 The impulse for crazy consumption
Human desires are endless.
As I looked at the 5 million in my account, countless thoughts flashed through my mind:
Buy a Tesla? (But I don't drive)
Buy a house? (But prices are still falling in 2025)
Quit my job to travel the world? (But I actually prefer staying at home)
Keep adding positions, earn 10 million? (But I know this is the most dangerous thought)
In the end, I opened Taobao and bought a top-spec gaming computer I've always wanted, spending 30,000—this was my first purchase after 'getting rich.'
Chapter 3: The Reality Shock After Getting Rich—Illusions and Crises
3.1 Tax issues suddenly arise
The next morning, I suddenly woke up—do I have to pay taxes on this 5 million?
In China, the tax policy for personal trading of cryptocurrencies has always been vague, but with such a large sum, if I withdraw it directly to my bank card, will it trigger risk control from the bank? Will the tax bureau keep an eye on me?
I hurriedly contacted a few old friends in the crypto world, and the replies were varied:
"Sell directly OTC, don't go through the bank."
"Withdraw in batches, no more than 200,000 per year."
"Register an offshore company, go through compliant channels."
I realized that making money is easy, but safely getting the money is the real challenge.
3.2 A test of human nature—friends, relatives, scammers
On the third day, I made a mistake—casually mentioning in a small group, "The contract made some money last night."
As a result, in the next 24 hours, my WeChat exploded:
An old classmate I hadn't contacted in years: "Bro, take me along!"
Distant cousin: "I heard you got rich; can you lend me 100,000 for a turnover?"
A stranger private messaged: "I have insider info, the next hundredfold coin, add me to the group."
What’s more frightening is that on that night, I received a scam call, and the other party accurately stated my exchange account and position information.
I instantly broke into a cold sweat—was my data leaked?
3.3 A sense of emptiness strikes—money is here, but then what?
On the third night, I sat in my newly bought gaming chair, staring at the flashing screen, suddenly feeling a wave of emptiness.
"What am I earning money for?"
"If Bitcoin crashes tomorrow, will I become poor again?"
"If I keep being addicted to contracts, will I be this lucky next time?"
I realized that getting rich did not make me happier; instead, it made me more anxious.$ETH $BTC #Strategy增持比特币 #币安Alpha上新
