Once, I plunged into the mysterious and enticing crypto world with unlimited aspirations for financial freedom. At that time, all I saw were legends of others becoming rich overnight in the crypto world, never anticipating that I was about to embark on a deeply painful journey.
At the beginning of 2024, with the strong recommendation of a friend, I was introduced to digital currency for the first time. At first, everything seemed beautiful; watching the numbers in my account continuously rise, I felt I was seeing the dawn of a better future. However, the good times didn't last long, and the market changed dramatically.
With policy adjustments and market fluctuations, the prices of the cryptocurrencies I invested in started to plummet dramatically. At first, I firmly believed this was just a temporary correction, continuously adding investments in an attempt to buy at the lowest point. But reality dealt me heavy slaps; the prices continued to crash without any signs of rebounding.
My heart sank as the prices fell. The beautiful fantasies I once had shattered in an instant, replaced by endless anxiety and panic. I followed the market daily, only able to watch helplessly as my assets continued to shrink.
In an attempt to recover my losses, I started blindly following various so-called 'experts' and frequently made trading operations. But the result was that the more I traded, the more I lost; I paid a large sum in transaction fees, yet my assets dwindled.
By mid-year, I had lost more than half of my principal. Family relationships also became tense due to my stubbornness; my wife's complaints and my parents' worries put immense pressure on me.
Looking back on my experiences in the crypto world this year, I have deeply recognized my own greed and ignorance. The crypto world is not a shortcut to achieving wealth dreams but a deep abyss filled with risks and uncertainties.
Now, I have decided to exit the crypto world and reassess my investment philosophy and lifestyle. I hope my experience serves as a warning to those who are still lingering in the crypto world: Invest with caution, and do not let greed blind your eyes.
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