It seems that if I brag about my personal experience, the platform doesn't give me much traffic and the number of views is not high. But when doing things, we should have a beginning and an end. I will be brief and finish bragging. Some brothers are still interested.
I boasted about my first pot of gold, and then the second pot of gold was from WeChat business, which caught the last train of dividends. At that time, WeChat business sold everything, so how did they attract traffic? They promoted it under the comment area of other people’s stores, and then attracted traffic to WeChat. At that time, they sold a lot of things. Who do you think will buy this crap? But there are people who buy it. The reason why you think no one will buy it is because you haven’t entered that circle. Just like Ni Haishan on Douyin now, he used to sell crap plasters on WeChat business, and sold tens of billions... Who would buy that crap? Right, but he sold tens of billions!
I remember that WeChat business was very popular at that time, especially in 2016 or 2017. Suddenly, there was a mooncake (I forgot what it was called), which became popular in WeChat Moments. During the Mid-Autumn Festival, I sold the Internet-famous mooncakes and made more than 300,000 in less than half a month, which accounted for more than 5% of my entire WeChat business profit. To be honest, I ate the mooncakes, and they were not very delicious... It was the Chinese habit of loving to join in the fun, which made the Internet-famous mooncakes popular...
Anyway, I worked in micro-business for a little over a year. I made about 1.5 million yuan. But I didn’t save a penny. I spent almost all of it. I didn’t pay off my car loan, and I even had a mortgage. Yes, at that time, I bought my first house. It was a second-hand house, 175 square meters, and it only cost 1 million yuan. I paid a down payment of more than 300,000 yuan, and borrowed 650,000 yuan. When I bought my first house, I was really happy. It cost about 150,000 to 200,000 yuan for a simple decoration.
This was my second pot of gold. After doing it for more than a year, I couldn’t make it anymore, and slowly faded out of this industry. Now it was October 2017, and my money was almost all gone because I hadn’t been doing anything, so I just played around everywhere. I drove my little Jeep around Xining, Qinghai, and then went to Fujian, Guangdong, and Zhejiang... I guess this first car has the most mileage of all the cars I’ve ever bought... Just like that, I spent all my money... By October 2017, my credit card debt was about 300,000 yuan... But at this time, the total credit limit of my credit cards was much higher, and the total limit of all the cards was about 100,000 yuan...
At this time, I started to think about ways to make money again. To be honest, I have been thinking about it, often on Zhihu, Toutiao, or directly on Baidu. Search for some startups with low costs and high returns. It was not until October 2017 that I suddenly saw BTC on Toutiao, so I searched for relevant knowledge on Baidu, and then learned about trading platforms. At that time, there were only two, Huobi and Ou... But at this time, it happened to be 94, and the exchanges all closed the business of buying and selling coins. I searched for several days, even Taobao, but others asked me to transfer money first before giving me coins. At this time, I gave up... I remember that I was optimistic about LTC or something, and I swiped my credit card for 50,000 yuan and wanted to buy it. Later, I was afraid of being cheated because of the trading method, so I didn’t buy it in the end... The first time I entered the currency circle, I failed...
Later, in December, I heard from my wife’s friend’s husband that their entire company was speculating in cryptocurrencies, and their boss had made more than 1 million. Only then did I download the exchange platform again, and when I saw the coin I was about to buy… it had risen more than 20 times… 50,000 became 1 million… gone… it had a huge impact on my outlook on life… It wasn’t until a long time later that I woke up when I recalled that time. Even if I could have bought it at the time, with my knowledge at the time, I couldn’t have made 1 million, because I couldn’t hold on. I bought 50,000 yuan, and I must have watched it every day. If I could have doubled it, I would have considered myself to have a strong knowledge… I would probably have made 20,000 or 30,000 and wanted to sell it…
However, through this friend's reminder, I started to study the cryptocurrency world again. At this time, the exchange had resumed its trading function and launched USDT. In the future, you have to buy U first, and then use U to buy BTC. At this time, I swiped my credit card for 50,000 yuan and officially entered the cryptocurrency world. 50,000 yuan rushed in, and after listening to the analysis of the big brothers in various QQ groups, I bought some BTC and ETH. Later, I also bought some braised pork, HSR, which seems to have changed its name now, and I don’t know what it has been changed to. At that time, the big brothers told me that HSR is a public chain that can give birth to sons... Anyway, the analysis was pretty good. I bought some for 42 dollars, and the highest was almost doubled. Now it seems to be worth more than 1 dollar...
Anyway, I bought those coins and held them for more than a month. The highest price rose to about 100,000 yuan. In the end, it fell back to about 30,000 yuan, and I lost 20,000 yuan. I couldn’t bear it and sold all of them. . . Then at this time, the platform launched the point card and platform currency.
Then the gears of fate started turning again, and I grabbed the third pot of gold in my life. This pot of gold was quite fat, almost close to 10 million...
After clearing all the coins, there were still a few thousand U left. At this time, Brother Huo launched the platform currency, which was a way to give away platform coins by buying point cards. At that time, I was the same as everyone else. Platform coins, aren’t they just brokerage stocks? The platform is so profitable, how can brokerage stocks not rise? So I followed the big brothers to buy my few thousand dollars. I didn’t buy it until the third day. After I bought it, I didn’t trade, and the few thousand point cards were useless. I thought about whether I could sell it to others, sell some USDT, and then buy HT. Sure enough, someone in the QQ group was buying it, and I sold it immediately. It seemed to be about 40% off at the time, and 1,000 point cards were equivalent to 400 dollars. After selling it, I was going to continue buying it the next day. But not long after, I saw the person who bought my point card selling it again? What’s going on, buying and selling? After all, I used to be a micro-businessman, so I reacted immediately. This is making a profit from the price difference!
I thought, if others can do it, I can do it too! So I immediately took action and used the little money I had to start my card scalping journey.
At that time, there were a lot of point cards circulating in the market. Some bosses were optimistic about HT, and they had the same idea as me, so they sold the point cards to recover funds and continue to buy HT. Some people were optimistic about the point cards, after all, 1 point card could deduct 1U of handling fee, and as the point cards were consumed, the value of the point cards would be infinitely close to 1 dollar. So many people also hoarded point cards. This gave rise to the buying and selling market!
The bonus period was just like the previous Huaba of Jack Ma. There were so many customers, and the QQ group was full of customers. Then, there was very little competition, and there were no more than 5 scalpers reselling in the market. The profit was very high. The price was not transparent when it first came out, and the profit was basically 0.2-0.4%. What does this mean? That is to say, for 10,000 points, the profit is 200-400 dollars. And the transactions are very frequent, and the profit is several hundred dollars for each transaction.
On the first day, I made a profit of more than $10,000 by reselling coins in small amounts. My entire outlook on life was shocked at the time. People said that they could make more than 10,000 yuan a day, but I made more than 80,000 yuan on the first day... After entering the cryptocurrency circle, I spent a total of 50,000 yuan on my credit card. I didn’t make a penny from speculating in cryptocurrencies and lost more than 20,000 yuan. I made more than 80,000 yuan in one day by selling point cards? This was the first time I was shocked by the speed of money...
Then I sold for a week, waking up at 7 o'clock every morning, and started trading, and I was busy until 3 or 4 o'clock in the evening before I went to bed. This state lasted for a week. I only kept a part of the funds for turnover every day, and sold all the rest for cash, because at that time, I had no faith at all...
This state of working from 7 am to 3 pm lasted for a week, and I paid off the more than 300,000 yuan credit card. . . . After half a month, there was 500,000 yuan in the card. After 20 days, there was 1 million yuan in the card. . . .
After more than 20 days, not only did I pay off the 300,000 yuan credit card debt, but I also had an extra 1 million yuan in my card... After more than 20 days, the pace finally began to slow down... At this time, I had time to take stock of my receipts. I remember it seemed to be noon. I had been busy for more than 20 days. I was busy as soon as I woke up every day and didn’t even have time to eat. That day, I suddenly had no business, which was rare. But it happened to be just that one hour, so I had time to take stock of my receipts... That was the second time I was shocked... The money came too quickly. Although I had made 1.5 million yuan from WeChat business before, that was earned over a year, and the most I had in my card was less than 300,000 yuan... This was the first time I had a complete 1 million yuan. It came too quickly and too suddenly. I was not prepared at all... It turns out that money can be made this way...
In this way, the bonus period of point cards lasted about three or four months. 70% of the 10 million yuan in revenue was earned in these three or four months. Later, with the increase in competition, the reduction in liquidity, and the narrowing of price differences, the profit became less and less. It was not until the beginning of 2018 that this business was completely abandoned. In the meantime, Brother Ou also launched point cards. The 10 million yuan in revenue also included Brother Ou’s point cards.
Oh, by the way. In the meantime, I also taught myself how to assemble a mining machine. It seemed to be December at that time. I bought parts on Taobao to assemble them. I mined for more than a month and made more than 20,000 yuan. Then I started to make point cards and had no time to take care of the mining machine, so I sold it. I didn’t expect that it was sold at a high price, and I made more than 30,000 yuan from selling the mining machine... 😀
In this way, time has come to 2018. In fact, sometimes, money comes too quickly, and without sufficient ability and knowledge to control it, it is a curse rather than a blessing. I have seen many people say this before, and at that time I felt the same as everyone else, it’s easy to talk without any pain in the waist, just give me the money and try...
In 2018, I didn’t have enough knowledge to control wealth, and I was just floating. I had just made a fortune and didn’t have much experience, so I thought I was very rich and awesome. In fact, compared with many truly awesome people, I was nothing... But at that time, I was really ignorant... Even now, many people think I’m awesome and rich... But to be honest, I’ve seen too many awesome bosses, and although I’m richer now than before, I still feel like I’m nothing... I feel that I need at least 200 million to be able to enter the threshold of being a boss...
After all my messing around, I finally lost all my money in 2018 through various operations, and ended up with a debt of about 3 million... It's like this with people. The higher you stand, the more miserable you will be if you fall. Before, I didn't have much money, and the most I could have was a debt of 300,000... After having had too much money, my resources are different. When it comes to debt, I can get millions...
Let me talk about the three major battles I conducted. These three battles cost me 60 to 70 percent of all my funds, and the rest were lost in scattered amounts. In the first battle, I bought OKB on April 2, and then sold it at a loss on February 1, losing more than 1 million... In the second battle, I shorted ETH with leverage at $85. I even sent a group announcement to brag to my brothers that I had to get $50 to close the position. As a result, the price started to rise the next day... It was only when it rose to around $180 that I finally couldn’t help but sell it at a loss... I don’t remember how much I lost, but it was a lot...
Then came the third big battle, I shorted EOS on April 2, which was the worst... I held out until the price reached 13, and then I finally cut my losses... Moreover, while holding out, I also added to my positions... In the end, I no longer thought about making money, I only hoped to increase my positions to raise the average price, and close the position if I could get my money back... In the end, I was not given the opportunity, and I never looked back... In the end, I suffered heavy losses...
Around July or August of 2018, the last straw that broke the camel’s back came. At that time, I had little money left, and my credit card was empty. I finally realized that I was not cut out for this. I thought about whether I could make some money, buy some spot goods, and wait for the bull market to turn around. . . At that time, my wife had just given birth to our second son and was still in the confinement center. She went to a credit union with me to borrow 420,000 yuan because I bought the house in her name. . After running several times, I finally got the loan of 420,000 yuan. . . After careful selection, I chose to buy BCH with 420,000 yuan. BCH fell from more than 4,000 points to more than 300 points at this time, which is a 10-fold drop. I feel that it can rise back to more than 4,000 in a bull market. . Even if it is less than 4,000, it is not too much to reach 2,000. . .
However, at this time, my greed kicked in again. I felt that 420,000 yuan only increased 5 times to 2,000 yuan, which seemed a bit too little. After all, I once had 10 million yuan... So, I was smart and added 1x leverage, which means I bought 840,000 BCH... At this time, the price seemed to be around 350... I thought, there is no way it can fall to 200... As a result, less than a week later, reality slapped me in the face... Less than a week after the 420,000 yuan was loaned out, the market fell across the board, BCH also fell, and it just fell to my liquidation price, which seemed to be around 185, and then rebounded to 200...
I remember that one night, I watched it fall and burst, and I was powerless. At 1 a.m., I was staring at the computer alone, and I had never been so confused. I sat there until 2 a.m., and I went to call my wife, saying, "Honey, it's over, the account has burst, what should I do?" My wife got up, looked at it for a while, didn't know what to say, and went back to sleep. I sat in front of the computer alone, just stupidly sitting there until 5 a.m., and I didn't know what I was thinking. It seemed that I didn't think about anything, and I just sat there stupidly all night. I went to bed when it was almost dawn. My mind was blank. !
This was the last straw that broke the camel's back. Apart from fixed assets, I really couldn't take out any cash. At this time, I still had two houses in my fixed assets. One was for current use, with a mortgage of 650,000 yuan and a second mortgage of 420,000 yuan. The house was worth about 1.5 million yuan, and there was less than 400,000 yuan in residual value. The other was a pre-sale house, which I bought urgently because I felt I couldn't control my money at the end of the period. I lost hundreds of thousands of yuan just by messing around. The down payment was just over 600,000 yuan, but the house was not delivered and there was no real estate certificate, so I couldn't sell it. The residual value was at most 400,000 yuan... I also had a car, a Mercedes-Benz GLC, which I bought for about 450,000 yuan. I was also fooled by the salesperson, who forced me to pay in installments. I paid a down payment of 200,000 yuan and took out a loan of more than 200,000 yuan... The residual value was at most more than 100,000 yuan...
I was at my wits’ end. This was the last straw that broke the camel’s back. The next three days were the most relaxing three days of my life in the past year. During these three days, I stopped trading cryptocurrencies and completely gave up the cryptocurrency world. On the third day, I began to reflect on my past and redeem myself.
The gears of fate began to turn. I started my road to a comeback. . . !
I have written too much. I wanted to finish this chapter, but it seems that I can’t finish it. I will finish it in the next chapter tonight. . . .
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