A true portrayal of most retail investors in the crypto world:
Old Wang was originally an ordinary office worker, living a mundane life. One day, he accidentally saw stories online about getting rich in the crypto world, igniting a desire for wealth in his heart.
He took out 1 million he had saved over many years of work and resolutely plunged into the crypto market. At first, he had good luck; a niche cryptocurrency he bought rose several times in a short period, and his 1 million instantly turned into 3 million. Old Wang was overjoyed, feeling that he had found the path to financial freedom.
However, greed led him astray. He began frantically searching for more high-potential cryptocurrencies and invested all 3 million into a new project. But this time, the market changed dramatically, and the cryptocurrency price began to plummet. In just a week, his 3 million shrank to less than 500,000.
Old Wang panicked; he borrowed money from everywhere to try to recover his losses. He scraped together another 800,000 to invest, but the price still did not improve and continued to fall. In the end, all of his capital was almost completely wiped out.
Old Wang fell into deep despair and self-blame. He regretted his initial greed and impulsiveness, and his once stable life became a complete mess. But he also understood that the crypto world is filled with uncertainty and risks; in the pursuit of wealth, one must remain clear-headed and rational.