On February 18, 2023, after the Spring Festival holiday, the Bitcoin market made waves again. The price exceeded US$52,000, setting a new high, and its market value surpassed Tencent. This hot market continues the bull market trend in 2021. The price of Bitcoin has repeatedly set historical records in just over a month, breaking through the $30,000, 40,000, and 50,000 US dollars.
The world's richest man, Musk, couldn't sit still and came out to support him. Cryptocurrencies such as Bitcoin and Dogecoin began to become popular, and stories of overnight wealth spread like wildfire. Under such temptation, many people, like Tao, devoted themselves to Bitcoin and ICO projects, and began to make a lot of money.
However, the good times did not last long. The "September 4th Incident" in 2017 plunged the cryptocurrency industry into a cold winter. ICO was identified as illegal financing, and domestic exchanges were closed one after another. This incident caused many people to suffer heavy losses. Although Wang Tao made a small profit and cashed out, his friends unfortunately suffered losses.
In the years-long "bear market", Wang Tao and many others gradually lost confidence in Bitcoin and even thought it might return to zero. However, the booming DeFi ecosystem in 2020 and the continued rise of Ethereum and Bitcoin have once again ignited the enthusiasm of the currency circle.
Mou Tao found that his once estranged friends were pouring into the cryptocurrency circle again. Seeing the price of digital currency continue to rise, he also became eager to try and returned to this field.
Like Tao, Ye Qiu and Zhang Jun also became novices in the cryptocurrency circle and were attracted by various "myths of making wealth". They tried to buy some coins, but compared with the traditional stock market, they found that cryptocurrency investment was more dependent on emotions and macro factors and more unstable.
However, there are also many people who enter the cryptocurrency circle with the dream of "getting rich quickly". They believe that in a bull market, the cryptocurrency circle can make money quickly, the trading threshold is low, and even if the principal is limited, there is a chance to get rich.
However, the risks in the cryptocurrency world cannot be ignored. Although high-leverage trading and contract trading can quickly obtain high returns, they are also accompanied by greater risks. Stories of people losing everything are common, which makes people think deeply.
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