"Brother 480,000"
This is a name that cannot be avoided in the currency circle. The name "Brother 480,000" comes from the fact that he used his 480,000 savings from buying a house to buy 100 bitcoins, and started a live broadcast on Baidu Bitcoin Post Bar on January 28, 2014.
But the timing was bad, and this live broadcast was born at the wrong time. The subsequent negative policies and the sharp drop in the price of the currency caused his assets to shrink rapidly, reducing to only 90,000.
The sarcasm in the post bar and the lack of understanding from his family made Brother 480,000 worse. "Fighting with mother-in-law, wife threatening divorce" gradually became the theme of his live broadcast.
In early 2016, when Bitcoin rebounded to 3,000 yuan, Brother 480,000 replied to readers, "I sold the currency and bought a house." This man who once expected to buy a house and a new car with Bitcoin in full left the market with a loss of 180,000, and ultimately missed the madness a year later.