In this noisy digital age, South Korean cryptocurrency traders are obsessed with the trend of digital currency, and have staged dramas of wealth and heartbreak.
In just one month, Luna coin fell from $119 to less than $0.0002, a 99.99% drop. Countless people lost all their money overnight, and their property burst like a bubble.
These people have only one goal in mind: how to achieve financial freedom by speculating in cryptocurrency, or as they say, how to "graduate". The so-called "graduation" means choosing to quit after making enough money. In these "graduation" posts, the authors share their trading experience, and some even hold cash draws in exchange for the blessings and jealousy of netizens.
On the forum, some cryptocurrency traders were confused by the fluctuating charts, claiming to see human faces and cute animals in the charts, and regarded these as auspicious signs of a big rise. The desperate loss stories are full of swear words and can be divided into three main categories.
The first is rage. When huge losses hit, Korean cryptocurrency traders began to smash things to vent their anger.
When the initial anger subsided, they began to complain and write helpless essays, the content of which can be called a "gambler template": some people lost 2.5 billion won and didn't know how to explain to their parents who suffer from high blood pressure; some people lost everything but still shamelessly borrowed money from their parents; some people invested their startup funds in Bitcoin, but lost everything and didn't know where to go.
A 31-year-old man, after losing 150 million won in cryptocurrency trading, used the last bit of money to buy three bottles of soju and some cigarettes, intending to commit suicide after enjoying them. Because the weather was too cold, he lost his courage after drinking only two bottles of wine, returned home, watched cartoons, and claimed to have found healing through the second dimension. Next, he planned to start from scratch, and the first step was to borrow money from his mother.
"Winning is wealth and glory, losing is suffering on the streets", in the online world, the younger generation of cryptocurrency traders in South Korea may be the most determined practitioners of these two sentences.