The Underdog in the Wave of Digital Economy

In the deep autumn of 2017, 28-year-old programmer Chen Mo stared at the constantly fluctuating Bitcoin price curve on his computer screen, beads of sweat forming in his palms. At that time, he had just been laid off, and the savings in his bank account were not even enough to cover three months' rent. By chance, he saw discussions about blockchain and virtual currencies on a technology forum, and he dove headfirst into this unfamiliar field as if he had grasped a lifeline.

At first, Chen Mo converted all of his modest savings of 20,000 yuan into Bitcoin, but after purchasing, he encountered a sharp price drop, with his assets shrinking by nearly 60%. However, he did not panic and cut his losses. Instead, he utilized his programming expertise to develop a simple data analysis model, tracking on-chain transaction data and social media sentiment indices to find patterns in price fluctuations. During those days and nights, his small rented room was filled with draft papers covered in formulas, and his computer screen was perpetually lit with multiple trading interfaces.

The turning point came in early 2018, when the market collectively panicked and sold off due to regulatory news. Chen Mo's model indicated that large on-chain addresses were accumulating assets in reverse. He mortgaged the down payment his parents had given him to buy a house and decisively bought in when Bitcoin plummeted to $6,000. In the following three months, the price soared like a rocket to $19,000, and Chen Mo sold in batches at the high point, multiplying his assets tenfold.

After his initial victory, Chen Mo was not overwhelmed by success. He formed his own quantitative trading team, bringing in financial professionals and developing a more complex multi-strategy trading system. Their strategies not only covered mainstream virtual currencies but also ventured into the emerging DeFi (Decentralized Finance) field. Through arbitrage with smart contracts and liquidity mining, the funds managed by the team surpassed $100 million within two years.

Today, Chen Mo's company has become a well-known digital asset investment institution in the industry, and he frequently appears on stage at blockchain summits. However, he always remembers that night when he was on the brink of bankruptcy; it was the perseverance during that darkest moment that helped him find his own direction in the wave of the digital economy. Nonetheless, Chen Mo often advises newcomers: the virtual currency market is extremely risky, and his success is not replicable; rational investment and risk control are the long-term paths to take.