Liang Xi (Geng Zhiyu) was once a highly-watched figure in the cryptocurrency circle. At the age of 17, he made 10 million yuan from 1,000 yuan through high-leverage trading in one month, and once became the focus of heated discussion in the cryptocurrency circle. However, Liang Xi's story is not all positive. After his great success, he not only lost all his wealth but also incurred huge debts due to a series of irrational behaviors and trading decisions.
Liang Xi's trading behavior is extremely aggressive. He frequently uses high leverage for trading, and the trading frequency is extremely high. He once traded 1,454 times in a week, an average of one operation every five minutes. This high-risk operation allowed him to obtain amazing returns in the short term, but ultimately led to his failure.
During Liang Xi's trading career, he has received support from cryptocurrency giants such as Justin Sun and Du Jun, who have each provided him with $50,000 in trading funds unconditionally. But even with such support, Liang Xi ultimately failed to turn the situation around.
Liang Xi's experience has caused widespread discussion in the cryptocurrency circle, and his story reminds investors that although the cryptocurrency market is full of opportunities, it is also accompanied by huge risks. Investors should remain rational and should not blindly pursue high returns while ignoring risk management.
Liang Xi was later sentenced to two years in prison for suspected fraud. His story caused a huge response in the currency circle and became a warning, reminding people to be legal and compliant while pursuing wealth and remain rational.
