One
When Jesse Livermore lifted his head from the candlestick chart, he found the ash from his cigar had fallen onto his 2025 mechanical keyboard. This speculation genius, who committed suicide with a gun in 1940, was now staring at the BTC/USDT trading pair on Binance, his gaze reminiscent of when he shorted U.S. stocks in 1907.
“This thing is way more exciting than cotton futures,” he mumbled as he set the stop-loss order at $58,000, casually adjusting the leverage to 125 times - just like his arrogance when he longed cotton before the San Francisco earthquake.
Two
Livermore's iPhone 15 Pro Max suddenly popped up 100 notifications: “Musk posted a shit emoji!” “BlackRock applied for a metaverse ETF!” “A small African country declared Bitcoin mining illegal!” Old Li frowned and turned off the notifications, cursing: “Back in my day, rumors at least needed to travel by train for three days; now these bastards tweet faster than they can fart.”
The first page of his trading log wrote down the survival rules of the crypto world:
Don't trust any bald programmer claiming to be 'Satoshi Nakamoto II.'
Short when exchanges start giving away space travel vouchers.
Leverage over 20 times is worse than betting big in Macau.
Musk's tweet frequency is directly proportional to the market's opposite direction
Three
One early morning at 3 AM, Old Li discovered a 0.35% price difference between USDT/USDC. He instantly mortgaged 287 BTC, borrowed 20 million USDT for arbitrage, and simultaneously opened a 50x short position for hedging. When the exchange CEO tweeted “Server maintenance,” he sneered and pressed the pre-written Python script - within 0.2 seconds, all assets had run to four different wallets through cross-chain bridges.
“Liquidity trap?” He blew smoke rings at the screen: “Back in 1929, when I was operating 38 brokerage accounts simultaneously, those exchange directors were still playing in the mud.”
Four
When the meme coin craze hit, Old Li's account value halved in three days. He witnessed a coin with a Shiba Inu avatar surge 800% in a single day, while his institutional friend sent a message: “Goldman Sachs is hiring Dogecoin analysts.” That night, he locked himself in the trading room and reread Chapter 7 of (Reminiscences of a Stock Operator), suddenly slamming the book on the table:
“Fuck the fundamentals! This market doesn't even need the market dream rate!”
The next day, he launched “Livermore Coin (LIVEMORE),” with the white paper containing just one line: “Because I am Jesse Livermore.” The market cap broke 100 million within 23 seconds of opening, and he sold everything and shorted in the 24th second, then sent a voice message on Discord: “Everything that rises based on narrative will ultimately fall due to gravity.”
Five
On the day of the NFT carnival, Old Li spent 50 ETH to buy a monkey picture. When everyone laughed at him for being confused, he divided the image into a billion pieces to create fragmented NFTs, listed it on Uniswap, and acted as the market maker. Three weeks later, when the project team ran away, he was using the ETH he earned to DDoS the exchange's server - to create panic and close out his Bitcoin short position.
“Key point trading?” He laughed at the reporter while sipping whiskey: “Now we need to create key points.”
Six
On the night the regulatory storm hit, Old Li received 18 liquidation warnings at the same time, yet he calmly opened the dark web and bribed the central bank governor of a small country with Bitcoin. The next day, that country announced it would buy Bitcoin using national reserves, and the market violently rebounded by 37%. After closing his positions, he sent a mocking email to the SEC: “When your department was established in 1934, I had already gone bankrupt and risen for the fourth time.”
But Old Li ultimately miscalculated. He didn't expect a miner from Henan would flee to North Korea with a hard drive, nor did he anticipate Tesla's sudden announcement to accept Dogecoin payments, let alone that his cold wallet mnemonic would be written into a smart contract for some metaverse land.
On the day of the liquidation, it was raining. When the alarm went off, he was calculating the Fibonacci sequence support level for SHIB. The 125x leverage was like a razor, instantly shaving off all the zeros in his account - a total of $230 million.
Seven
The last time we saw Old Li was at the offline meeting at Binance Square, wearing a shirt printed with “HODL,” holding a sign that said “Value Investment Believer.” Someone asked him how he viewed this failure, and he pulled out his phone to show a screen full of USTC long positions:
“Do you know why I can always make a comeback? Because the most fatal law of the financial market is - a fool's consensus is still a consensus.”
The screen suddenly flashed red, and Luna Classic surged 200% in an instant. Amid the crowd's screams, this speculation genius who had been dead for over 80 years smiled slightly:
“Look, I'm alive again.”
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