On the 18th, the squirrel blew up, destroying my last hope in the crypto world and my hope in life. Currently, all my loans are overdue, and my wife has started the divorce process. I have a one-and-a-half-year-old child, and I don't know what I can provide for him as a father. With 900,000 in debt, it weighs heavily on my heart. I don't know how much longer I can hold on—one day? A week? A month? I have completely lost the desire to live. I have been thinking for a long time, sharing my story in the crypto world, leaving traces of my existence, and hoping to awaken some people, so they don’t end up like me, with their families shattered and life unlovable.
I entered the crypto world in 2017, and now it's been 8 years, a true veteran, enduring numerous bull and bear markets without becoming rich. Looking back, there were a few opportunities that were right in front of me but were missed.
It all started with playing with tokens, a friend with tokens in 2017 brought me into the crypto world, participating in the private placement of ADA, only to face the 94 crash. Worried about policy risks, I proactively withdrew from the private placement. If I hadn't withdrawn, I might have soared with ADA; that was my first missed opportunity.
The second missed opportunity was after the 94 crash in 2017, I invested 100 dollars in many coins, including Dogecoin and BitShares, and held on for several months. By the end of 2017, I sold most of them at break-even, selling Dogecoin for 1,000 dollars but still holding 2,000 coins, which would have soared after Elon Musk got involved. If I hadn’t sold Dogecoin at the end of 2017, it would have taken off by now.
Later, in 2018, the bear market began, which was my first experience of the bull-bear transition. I thought I had experience, but there weren't any big opportunities. It was probably early 2020 when I went long on ETC, starting from a few hundred to 100,000, only to be taken away by a sudden drop. My third missed opportunity was in September 2023 when I went long on CYBER; after it was listed, it didn’t rise, and I was eager to pay off loans and sold it. As a result, it started to rise crazily in the afternoon. I didn't make money on the loan and lost my position.
The fourth missed opportunity was XRP this year; in November, I opened a position of 150,000 dollars below 1, but I couldn't hold it, trading back and forth, and lost my position.
I used to have fantasies, thinking I could earn it back. But thinking carefully, this round of the bull market is indeed different. If on the 18th, I had money to continue investing after the squirrel blew up, I would probably have opened multiple long positions by now. This year's situation is strange; Bitcoin keeps hitting new highs while altcoins are at new lows, and past experiences simply don't apply. Even in spot trading, many coins have halved multiple times.
Sigh, it's too late now. At this point, I don't know where my tomorrow is? What is the meaning of living? How many more days can I hold on? Perhaps the crypto world is really not for ordinary people.#币圈翻车日记:我的2024坑爹时刻 $BTC $XRP