Holding 2 BAYC, investors in 1991 will talk to you about how they lost 6 million
This is the first interview with Zijian. The interviewee is Mr. Lu, an OG in the currency circle, who currently owns 2 BAYC.
I will be interviewing some Web3 investors who have lost money in the near future. It’s more about talking about how to lose money and sharing the experience to avoid others falling into the trap again. I will also talk about how these outstanding investors made their first pot of gold. I believe it will inspire everyone's ideas for making money.
Question 1. Wang Zijian: "How did you lose 6 million?"
Lu Xiaopang (metalu.eth): I invested 6 million in eth at the end of 2017. At that time, they all invested in ico projects. Because I made money on the qtum project, I invested in the fomo first-level project, square chain, and nas, but the results were not good. Half a year later, the project team ran away and returned to zero. I was quite helpless and stopped looking at things in the currency circle.
The floor price of PROOF Collective's NFT reached an all-time high of approximately 139 ETH in April 2022.
Based on the Ethereum price at that time, this floor price was approximately $417,000, equivalent to about 2.65 million RMB (calculated at the exchange rate at that time).
A total of 1000 pieces, with a peak market value of 2.6 billion RMB.
Currently, the NFT market is cooling down, and it's uncertain how long it will take for this trend to rise again in the future.
Insiders: Pump.fun plans to raise $1 billion through a token sale, with a valuation of $4 billion. The closest thing to money is related to issuance, trading, and coins.
Vice President JD Vance stated that soon over 100 million Americans will own Bitcoin. So how long do you think it will take for China to loosen its restrictions?
Poloniex (a trading platform under Sun Yuchen) has arbitrarily frozen 1399.585 ETH for over a year without any explanation!
📍 Real Case: My friend "Xiao Dong" opened 18 accounts on Poloniex in March 2024 under the identity of a quant company registered in Hong Kong, and on March 21, he deposited 1399.585 ETH in batches from his wallet address into these accounts. ✅ Transfer successful ⛔ Account immediately frozen, cannot operate to this day
Over the past year, Poloniex has constantly delayed and evaded: * Not informing the reason for the freeze * New requirements raised after each submission of materials * Extremely slow responses, often taking more than half a month * Even sent an email telling us to "go find the FBI," only to say days later, "wrong email, ignore it!" 👀 Does this seem like the behavior of a normal exchange?
What’s even more concerning is: We found multiple users in similar situations, with assets frozen and no way to appeal. Coupled with the platform's previous revelation of being hacked for 100 million dollars, and the community questioning Sun Yuchen's misappropriation of funds rumors — it raises doubts about whether Poloniex is experiencing a liquidity crisis?
Zi Jian suggests: Everyone should avoid small exchanges, just stick to Binance and OK!
Trump's crypto dinner has a lot of people, but if you don't understand English and still go, it might be a bit awkward. As of now, English is still quite important. (Image source: Andrεω)
MetaMask signature request does not pop up, which leads to it being completely unusable! I am an old MetaMask user from 2017, when I used the little fox wallet to collect CryptoKitties. I didn't expect that over the years MetaMask has become worse and worse..... What exactly is the reason for its decline? Does anyone know?