The Shitcoin Legend
At three in the morning, A Kai stared at his phone screen, his eyes bloodshot.
He was an ordinary programmer in Shenzhen, earning 20,000 yuan a month and paying 6,000 in rent. There was barely anything left to save each month. During last year’s bull market, he watched a coworker make enough trading crypto to buy a Tesla. The idea got under his skin, and at last he opened a Binance account and transferred 20,000 yuan into it.
At first, he was cautious and only dared to buy BTC and ETH. When they went up two or three percent a day, he found it boring. After two months, his 20,000 yuan had grown to 23,000, and he started getting impatient.
That night, while browsing Square, he came across a post saying that the team behind NXPC was building a blockchain game, its market cap was only a few million, and it would soon be listed on a major exchange. He clicked through and took a look. The price was just a few cents, and the candlestick chart bounced up and down like an EKG.
“It's so cheap. I'll put 10,000 yuan in and see what happens.”
He placed the order and spent all 10,000 yuan on NXPC. After he bought, the price didn't budge—in fact, it dropped five percent. A Kai reassured himself: It was a shitcoin, so big swings were normal.
Over the next two weeks, NXPC kept sliding, falling from $0.03 to $0.018. A Kai's 10,000 yuan was down to 6,000. He was distracted at work every day, sneaking looks at the price during meetings. His boss called him out several times.
“Forget it. I'll cut my losses.” He sold at $0.019, losing 4,000 yuan. Afterward, he deleted the Binance app and told himself he'd never touch shitcoins again.
A month later, his coworker Zhang invited him to dinner.
“Hey, didn't you buy NXPC a while back?”
“Yeah, I lost 4,000 and sold. Why?”
Zhang handed him his phone. A Kai took one look and nearly dropped his chopsticks.
NXPC was trading at $0.2623, up 30 percent in 24 hours. His hands trembling, he did the math: if he hadn't sold, that 6,000 yuan would now be worth nearly 80,000. And if he'd bought at the low of $0.01869, it would have gone up fourteenfold by now.
“I bought some when it was at $0.08 last month,” Zhang said smugly. “It's more than tripled since then.”
A Kai put down his chopsticks, quietly opened his phone, and downloaded Binance again. He looked at NXPC's chart: from $0.018 to $0.30, a full sixteenfold gain. He'd missed the whole thing.
That night, A Kai wrote a post on Square titled “The Lesson I Learned from Losing 4,000 Yuan.” At the end, he wrote: You don't have to avoid shitcoins altogether, but you need to think for yourself. Don't buy just because someone else tells you to, and don't panic-sell just because of short-term price swings.
Someone replied below the post: “Hey, are you still holding NXPC?”
A Kai smiled and typed: “No, but I've learned not to chase pumps or panic-sell.”
He turned off his phone. Outside, the neon lights of Shenzhen were still flashing. He knew that in this market, missing out a hundred times didn't matter. What mattered was whether, when the next opportunity came along, he could hold on.
#NXPC #加密货币 #TheShitcoinLegend
At three in the morning, A Kai stared at his phone screen, his eyes bloodshot.
He was an ordinary programmer in Shenzhen, earning 20,000 yuan a month and paying 6,000 in rent. There was barely anything left to save each month. During last year’s bull market, he watched a coworker make enough trading crypto to buy a Tesla. The idea got under his skin, and at last he opened a Binance account and transferred 20,000 yuan into it.
At first, he was cautious and only dared to buy BTC and ETH. When they went up two or three percent a day, he found it boring. After two months, his 20,000 yuan had grown to 23,000, and he started getting impatient.
That night, while browsing Square, he came across a post saying that the team behind NXPC was building a blockchain game, its market cap was only a few million, and it would soon be listed on a major exchange. He clicked through and took a look. The price was just a few cents, and the candlestick chart bounced up and down like an EKG.
“It's so cheap. I'll put 10,000 yuan in and see what happens.”
He placed the order and spent all 10,000 yuan on NXPC. After he bought, the price didn't budge—in fact, it dropped five percent. A Kai reassured himself: It was a shitcoin, so big swings were normal.
Over the next two weeks, NXPC kept sliding, falling from $0.03 to $0.018. A Kai's 10,000 yuan was down to 6,000. He was distracted at work every day, sneaking looks at the price during meetings. His boss called him out several times.
“Forget it. I'll cut my losses.” He sold at $0.019, losing 4,000 yuan. Afterward, he deleted the Binance app and told himself he'd never touch shitcoins again.
A month later, his coworker Zhang invited him to dinner.
“Hey, didn't you buy NXPC a while back?”
“Yeah, I lost 4,000 and sold. Why?”
Zhang handed him his phone. A Kai took one look and nearly dropped his chopsticks.
NXPC was trading at $0.2623, up 30 percent in 24 hours. His hands trembling, he did the math: if he hadn't sold, that 6,000 yuan would now be worth nearly 80,000. And if he'd bought at the low of $0.01869, it would have gone up fourteenfold by now.
“I bought some when it was at $0.08 last month,” Zhang said smugly. “It's more than tripled since then.”
A Kai put down his chopsticks, quietly opened his phone, and downloaded Binance again. He looked at NXPC's chart: from $0.018 to $0.30, a full sixteenfold gain. He'd missed the whole thing.
That night, A Kai wrote a post on Square titled “The Lesson I Learned from Losing 4,000 Yuan.” At the end, he wrote: You don't have to avoid shitcoins altogether, but you need to think for yourself. Don't buy just because someone else tells you to, and don't panic-sell just because of short-term price swings.
Someone replied below the post: “Hey, are you still holding NXPC?”
A Kai smiled and typed: “No, but I've learned not to chase pumps or panic-sell.”
He turned off his phone. Outside, the neon lights of Shenzhen were still flashing. He knew that in this market, missing out a hundred times didn't matter. What mattered was whether, when the next opportunity came along, he could hold on.
#NXPC #加密货币 #TheShitcoinLegend