In the cryptocurrency world, there is a person many consider a madman, just someone with good luck who happened to encounter the 519 incident, treating money with disdain and going all-in time and again, creating a cryptocurrency myth. Some say he is a genius, averaging 1,500 trades a week, trading every 5 minutes except when sleeping, using 60x leverage to turn 1,000 yuan into 40 million, creating another miracle in the crypto world. Others say he is a pitiful person, lacking parental love, beaten by his own father, and deceived by his brother's girlfriend.

Entered the cryptocurrency world at 17 and became a legend.

While most people were in high school, Liangxi opened his first cryptocurrency trading account using his father's ID and bank card. That year—2020—saw a significant black swan event in the crypto world known as the 519 incident. He shorted using 100x leverage and turned 1,000 yuan into 20 million in just a month. There are many characters in the cryptocurrency world, and as a famous saying goes, those who engage in pyramid schemes fear us. That year, he became a legend, multiplying his assets thousands of times. Regardless of what he says or what others say, I personally believe that achieving such great success at a young age is actually very painful, especially in such an environment.

Noble character

No matter how you put it, Liangxi is a kind-hearted person. He casually gives away red envelopes worth tens of thousands to fans. When it comes to donations, he has never hesitated, never blinking at hundreds of thousands. Some might say he doesn't treat money with respect, but I personally think he started from an ordinary family, not a rich second generation, so he understands the importance of money. However, when facing haters, he doesn't show mercy; he goes all out, bombarding them like a verbal cannon.

A pitiable and even tragic environment

He has no friends. As mentioned earlier, his initial bank card was his father's, and he has always had a bad relationship with his father. Later, he went bankrupt and asked his father for money, but his father refused. This led to a scenario of fatherly love and filial piety where he cursed his father, and his father beat him. His love life has also shocked everyone in the cryptocurrency community; his girlfriend even accompanied him in drinking while trading contracts, and he encouraged fans to support her work. He has many fans, but even more haters. Although it seems like there’s a back-and-forth in the insults, he has thought about suicide multiple times. Living is truly painful for him—he was cheated by his only older brother, beaten by his own father, and deceived by women.

The fall of a god

In the second half of 2021, Bitcoin surged, but this time Liangxi misjudged the direction and suffered a catastrophic loss. Next, everything he bought fell, accumulating hundreds of millions in foreign debt. In 2022, Liangxi borrowed money from various cryptocurrency masters. In October, Sun Yuchen and Huobi's founder Du Jun announced they would unconditionally provide him with $50,000 for trading on Huobi live. Although this attracted massive attention, his assets soon dwindled to nothing. Then came the recent online buzz about the pesticide incident.

Liangxi's self-narration

Less than 5 hours of sleep every day, practicing sports, playing games, trading, no matter what I do, I am not the best. I have no talent; I have put in far more effort than others. Early on, I struggled to survive in society, lost money in contracts, and after making money, I still sleep less than five hours every day. You think I rely on luck? Remember this: the money earned by luck, I have long lost.

I see those people mocking me, saying they have been in the game for years but can't compare to an 18-year-old kid. Hearing this makes me very uncomfortable. Although I am only 18, I feel like I've lived over 40 years. I don’t even sleep at night; I have put in tremendous effort.

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