I lost 300,000 in the crypto world, and I almost didn't have enough money to get home.
Last July, I entered the market with a few thousand yuan, playing short-term guessing games on price fluctuations. I had incredible luck as a beginner, making more than I lost, easily earning one or two hundred a day, with losses only in the tens. At that time, I thought I had finally found the 'wealth code' at nearly forty.
In August, I withdrew all my money from the stock market, thinking that what I lost in stocks could be multiplied tenfold or a hundredfold in crypto. As a result, I missed the big rise in the stock market in September—if I hadn't exited, not only could I have recouped my losses, but I could have also made a profit. But there are no 'what ifs' in stories; my stock market account still shows a cumulative loss of 100,000.
With more capital, my crypto assets soared from 180,000 to 300,000 in just two months, far exceeding my salary from work. During that time, I was on a business trip in Africa, fantasizing about how much money I would need to earn before quitting, how to approach my boss, and how to brag to my friends.
But reality was darker than the power outages in Africa—the local internet was intermittent, and the crypto trading app either wouldn't open or would just keep loading. When I could log in again, my account had been liquidated, leaving only 5.5 left.
I had to face reality and started using my provident fund, consumer loans, and online loans to juggle finances. Originally, I planned to pay off the loans in two years and save some money, but now I could only change it to two years of repaying debt and one year of saving, completely deviating from my initial goal of making money abroad.
In March, major platforms began to withdraw loans, and I was forced to tell my wife. She had always known I was trading crypto but didn't know I had lost everything. She didn't blame me; she just silently took out a mortgage to help me replace my high-interest debt. She said: 'I don’t ask you to earn much, just come back alive.'
Daily focus: SKL ZK THE BOME KMNO
