In 2021, Xiao Li is a newcomer to the workplace. He feels helpless about his salary as he squeezes into the subway every day from 9 to 5. "When can I buy a house with this little money?" One day, he saw his friends enthusiastically discussing a cryptocurrency called SHIB in a WeChat group.
"How many thousands of coins can I buy with 1 yuan? Isn't it easy to double my money with it?" Encouraged by his friends, Xiao Li decided to buy some to try. He spent 3,000 yuan to buy 1.5 billion SHIBs, thinking that if he lost all of them, he would just have to eat a few less barbecue meals.
Crazy Rise: From Ordinary to Heart-Pounding
A few months later, Xiao Li almost forgot about his investment. One day, he was awakened by a message in the group: "SHIB has increased 50 times!" He hurriedly opened his trading account and saw that his 3,000 yuan had turned into 150,000 yuan.
Xiao Li was completely excited. He fantasized about the stock price rising to 1 million or even 10 million. So he joined various SHIB investment groups and watched the big guys' orders and analysis every day. "If the stock price doubles again, I can quit my job!" he vowed.
Turning point: the despair of a plunge
However, the good times did not last long. A week later, the cryptocurrency market suffered a regulatory blow and the entire market plummeted. SHIB fell 40% in one day, and Xiao Li's account shrank from 150,000 to 90,000.
He panicked, couldn't sleep all night, and kept checking the market on his phone. He wanted to sell it, but he was unwilling to do so: "I've lost so much, I'll sell it when it goes back up!" Unexpectedly, the price of the currency continued to fall the next day, and his account dropped directly to 60,000.
From madness to loss, Xiao Li fell into deep regret. "If I had sold it when the price rose to 150,000, I could have made a profit now!"
Rebound: The Carnival of Jedi Rebirth
Just when Xiao Li was about to collapse, good news came from the cryptocurrency circle again: a well-known rich man mentioned SHIB on Twitter. In an instant, the price of SHIB skyrocketed, and Xiao Li's account increased from 60,000 to 200,000.
This time, he learned his lesson and took advantage of the rising price to sell half of his holdings, cashing out 100,000 yuan. Sure enough, a few days later, SHIB plummeted again, but Xiao Li was calm: "At least I got the money!"
Awakening: From speculation to rationality
After experiencing this ups and downs, Xiao Li realized that cryptocurrency trading is not a shortcut to getting rich overnight, but a test of mentality and decision-making. He used the 100,000 yuan he cashed out to buy some financial products, and kept a small part to continue "playing around" in the cryptocurrency circle.
"Investment is not gambling. Instead of pursuing huge profits, it is better to accumulate a sense of security." Xiao Li said self-deprecatingly, "Otherwise, even if you make money, you won't be able to sleep well."
