In the second half of 2013, while working at Ping An Insurance in Shanghai, a colleague kept persuading me to buy Bitcoin / $BTC. He bothered me almost every day, and eventually, I gave in. I spent two-thirds of a month's salary and bought five Bitcoins for 3,500 yuan. After buying, I watched the price every day. For months, I not only didn't make money but also lost a few hundred yuan, so I stopped looking. A month later, when I opened my account again, I found that the funds had increased to 7,000 yuan, and I immediately sold them.
After selling, I deeply felt the charm of cryptocurrency. Since then, I have been looking forward to Bitcoin dropping back to around 100 dollars to buy in again, but I have not waited for this opportunity until now.
By 2017, I started paying attention to Filecoin ($FIL). After being persuaded by a friend, I spent over 200,000 yuan to purchase mining machines. Then I kept waiting for the Filecoin mainnet to go live, and I ended up waiting for several years.
By 2019, I had 1 million yuan in spare cash and was more sensitive to the cryptocurrency market. Based on various information and signals, I bought 1,001 Ethereum, spending a total of 950,000 yuan, and used the remaining money to buy Ripple.
In October 2020, everything went as I expected; Ethereum rose to 2,700 yuan, and Ripple also surged, bringing my total funds close to 3 million yuan.
At the same time, the long-awaited Filecoin mainnet finally went live, and I discovered that the mining machine I bought early on was actually fake; the project team had already run away with the money.
After going through so much, I sold all my coins and bought 2 million yuan of Filecoin on Huobi, with a transaction price between 150 and 170 yuan, going all in. Unexpectedly, the remaining Ethereum rose to 2 million yuan. My perspective was still too small, so I immediately converted it to USDT, planning to wait for a drop to buy in again, but I never got that opportunity. Later, I gradually liquidated my assets and bought two houses; at that time, large withdrawals were not so strict.
Then I watched as Filecoin soared to a high of 1,000 yuan, with total assets exceeding 10 million yuan. At that time, I always felt that Filecoin, as a rising star, would eventually become the best cryptocurrency like Ethereum after some time.
When Filecoin rose to 1,400 yuan, I held nearly 13,000 Filecoins, with assets close to 16 million yuan. I felt both calm and happy, thinking this was the result of my prediction, and I was ready to hold on.
A friend advised me: 'You are already a millionaire, why be so anxious? Liquidate and live well for the rest of your life; your quality of life won't be poor.' I thought he was right, so I planned to first liquidate 1.5 million USDT into my wallet and then exchange it for yuan.
