From getting rich overnight to returning to zero:

● Entering the cryptocurrency circle, becoming rich overnight: Zeng Wen, a junior high school graduate, was a cargo loader with low wages and heavy debts. In 2017, he was invited by a friend to enter the cryptocurrency circle, and his friend lent him 5,000 yuan to speculate in cryptocurrencies. He couldn't afford Bitcoin, so he speculated in altcoins, buying at low prices and selling at high prices, and self-taught himself "band operation" and "leverage trading". In 2017, Bitcoin was in a frenzy, with the highest annual increase reaching 1,700%. Zeng Wen also lived a dream life, achieving freedom to eat and buy clothes, paying off debts, buying things for his family, and participating in cryptocurrency gatherings, feeling a different kind of respect than before.

● Market shocks, returning to poverty overnight: However, in the market shocks at the end of the year and the beginning of the year, Zeng Wen suffered a liquidation, and more than 3,000 etc and 7 bch virtual currencies disappeared in an instant. Sun Zheng had a similar experience. He quit his job and sold his house, invested 1 million yuan and used 10 times leverage to trade futures, but eventually suffered a series of blow-ups in the volatility. Zhang Quan from Beijing also regretted missing the opportunity to buy Bitcoin at a low price in the early days. He re-entered the market when the price of Bitcoin was high, but also faced market uncertainty.