Hui Yi is a top student, both undergraduate and master's degree graduate from the University of Science and Technology of China.
In 2003, after graduating from graduate school, Hui Yi entered IBM Research and became a researcher.
At that time, IBM was a top company in the IT industry, and everyone working there was a genius. Hui Yi is very good on the outside, but in front of a group of geniuses, he is a little mediocre.
The highest goal for people working in IBM Research is to win the Nobel Prize or the Turing Award. After working for three years, Hui Yi found that he could not reach such a height even if he devoted his whole life. In 2006, Hui Yi, who had failed at IBM, chose to leave and join Microsoft.
At Microsoft, Hui Yi participated in the development of Microsoft's Surface tablet computer. It's a great product, but it's been a long time coming. This made Hui Yi very disappointed, and he left Microsoft before Surface was launched on the market. In 2008, Hui Yi chose to start his own business and founded Beijing Tutuo Technology Co., Ltd.
At that time, touch screens had been emerging for several years, and touch technology still had a certain threshold. In addition, Hui Yi had accumulated technology at Microsoft, and Tutuo Technology soon had products on the market.
Four years later, Beijing Tutuo was acquired by a state-owned enterprise, and Hui Yi withdrew from the management and started his next business venture.
The company he founded was acquired, and Hui Yi made his first pot of gold, and became an angel investor part-time. People who know how to start a business may not necessarily know how to invest. All the companies he invested in died. At that time, Internet finance was surging and P2P companies were very popular.
Many of Hui Yi's friends are involved in it. He could not resist the temptation of the limelight. In 2014, his P2P company "Huaguo Finance" was officially launched.
Hui Yi’s Huaguo Finance has seen the emergence of a large number of P2P companies. Due to the lack of supervision, thunderstorms have occurred one after another. Hui Yi saw the chaos in the industry and wanted to lead the team to transform, but he had a fierce conflict with the original team.
In June 2015, Hui Yi had to reluctantly leave and cashed out more than 100 million in cash.
But Hui Yi did not leave the online loan industry immediately. In early 2016, an APP called "Shenxian Youcai" was launched based on his ideas. This is a product specializing in financial management. "Shenxian Youcai" received more than 100 million yuan in financing, but soon the product ceased operations.
July 2016 coincided with the second halving of Bitcoin’s mining output; subsequently, Bitcoin ushered in a magnificent bull market.
The wealth effect of Bitcoin continues to attract new leeks to join. It was at this time that Hui Yi noticed Bitcoin.
In October 2017, Hui Yi entered the blockchain industry with his product BitEasy.
Huiyi's BitEasy product mainly provides users with Bitcoin market data and information. At that time, the blockchain industry was at the forefront, and capital was flocking to it. In April 2018, BTE claimed to have received strategic investment from SoftBank China and claimed that this was the first blockchain project invested by SoftBank China.
But in fact, SoftBank China did not make any payment in the end and did not actually invest in BitTorrent. Hui Yi, who is extremely smart, quickly found a feeling in the currency circle. He often expressed his personal views on the market among investors, and successfully escaped from the top three times. Because of his accurate market judgment, he is called "Huishen" by his fans. As "Huishen" has established its status in the world, and it has been announced that it has the support of SoftBank Capital, many investors have handed over their Bitcoins to BTE for custody and financial management. After successfully escaping from the top, Hui Yi became more and more confident, and his investment in Bitcoin became more and more aggressive, and he started a contract. I often use 100 times leverage to open short orders.
In June 2019, the price of Bitcoin continued to rise. Hui Yi, who was blindly confident, believed that the price of Bitcoin had reached its peak. So, he used more than 2,000 Bitcoins in the hands of investors, worth more than 100 million yuan, to open another short order.
Unexpectedly, the price of Bitcoin continued to rise, and this time Hui Yi liquidated his position and lost all the customer's funds.
The financial loss, coupled with the misjudgment of the market situation, caused Hui Yi a huge psychological blow.
On June 5, 2019, 42-year-old Hui Yi chose to hang himself.
After the news about Hui Yi broke out, SoftBank China's public relations staff quickly spoke out to draw a line, and some partners and shareholders also distanced themselves from the relationship. Hui Yi blew up his position and committed suicide, taking hundreds of millions of investors' funds with him. Investors are crying but have no way to complain.
A serial entrepreneur with a glorious resume, Hui Yi escaped the P2P thunderstorm, but could not escape his own greed and fell on the eve of a new round of Bitcoin bull market.
Six months before Hui Yi's death, Professor Zhang Shousheng, an internationally renowned physicist, passed away unexpectedly.
There are various signs that Zhang Shousheng's death is inextricably related to the plummeting price of Bitcoin.
Looking back at Zhang Shousheng's past, it is not an exaggeration to describe it as cheating. In 1963, Zhang Shousheng was born in Shanghai. Since childhood, he has shown great talent for learning and has read a large number of domestic and foreign classics.
In 1978, Zhang Shousheng was 15 years old and had not yet graduated from junior high school. He used his vacation time to complete high school courses by himself and directly took the college entrance examination.
Unexpectedly, he was admitted to the physics department of Fudan University in Shanghai with high scores and became a young college student. After studying at Fudan for two years, he got the opportunity to study abroad at the Freie Universität Berlin in Germany.
In 1980, while studying for a master's degree at the Freie Universität Berlin, Zhang Shousheng determined to complete Einstein's unfinished business, which was to unify the four major forces of the universe.
After graduating from the Free University of Berlin, he was admitted to the State University of New York in the United States and became Yang Zhenning's student.
Zhang Shousheng and Yang Zhenning Under the guidance of their mentor, Zhang Shousheng turned to the field of condensed matter physics. In 2006, Zhang Shousheng made a major breakthrough in his scientific research achievements. The team he led discovered the quantum spin Hall effect. He became famous in one battle and became an international-level physicist. From then on, Zhang Shousheng became a popular scientist and it was only a matter of time before he won the Nobel Prize in Physics.
Zhang Shousheng has not only made remarkable academic achievements, but he has also made cross-industry investments, successfully investing in Vmware, and receiving hundreds of times returns. In 2013, Zhang Shousheng and his Stanford student Gu Anjia established Danhua Capital and served as chairman.
Zhang Shousheng's Danhua Capital The "Dan" in Danhua Capital represents Stanford, while the "Hua" represents China, with the meaning and idea of wanting to serve the motherland.
That year, Bitcoin ushered in its third bull market, with the price soaring 23 times. Bitcoin's successful exit attracted Zhang Shousheng's attention. As blockchain technology sprouted, Zhang Shousheng’s Danhua Capital also began to invest in blockchain projects.
Zhang Shousheng gave a speech on blockchain. From 2016 to 2017, Bitcoin experienced its fourth bull market; it was during that time that Danhua Capital invested in 42 blockchain projects, of which 10,000 tokens were traded on exchanges. 15. The total investment amount reached about 188 million yuan.
In 2018, Zhang Shousheng served as a non-independent director of Meitu, and Meitu also officially entered the blockchain.
At the same time, he has also given many speeches on blockchain. However, that is when Bitcoin is at its hottest, which often means the end of the bull market. Sure enough, the price of Bitcoin took a sharp turn, and many project financings broke.
Every time a bear market comes, the price of Bitcoin can drop to such a level that people doubt their lives. Hui Yi, the currency master mentioned in the previous article, successfully escaped from the top, but Zhang Shousheng did not.
The currency circle collapsed and blockchain projects suffered heavy losses, which surprised Zhang Shousheng, a believer in Bitcoin and blockchain.
Scientists who can solve physical equations and discover physical laws are unable to judge the market and direction of Bitcoin. Zhang Shousheng, who is puzzled by the solution, suffers from depression.
On December 1, 2018, Zhang Shousheng jumped from a 19-story building and ended his life after battling depression for several months.
Just like Newton's stock trading in his later years, after losing his life savings at the age of 77, he suddenly realized: "I can calculate the trajectory of celestial bodies, but I can't predict that people are so crazy!" As a well-known physicist, Zhang Shousheng can conquer the subject of physics. Difficulties, but cannot figure out the people behind Bitcoin.
The hearts of people who invest in Bitcoin are more unpredictable than the universe.
In June 2020, Zheng Dawei, a Dalian man, once again lost his position. Through leverage trading, he lost nearly 20 million yuan. This includes more than 10 million yuan he earned from speculating in currencies over the years, 4 million yuan he borrowed from his parents, and 500,000 yuan borrowed from his father-in-law. Since graduating from college, Zheng Dawei has been engaged in freelance work, mainly doing some investments.
Zheng Dawei's largest investment was in Bitcoin speculation, which made him earn tens of millions of yuan.
His wife, born in the 1990s, also quit her job and became a full-time housewife.
The couple also has a 3-year-old daughter, and their life was quite happy at first.
Overnight, Zheng Dawei lost his savings for many years and owed huge debts to his relatives.
With the self-confidence accumulated over the years and the huge pressure brought by debt, Zheng Dawei thought of committing suicide. He discussed it with his wife, who persuaded her hard. But Zheng Dawei was determined to die, and his wife failed to persuade him. Instead, she decided to die together with her husband. However, the couple was worried about their 3-year-old daughter Nana. So, the two decided to take Nana away together.
In the early morning of June 18, 2020, Nana had fallen asleep. This was the last sleep in her life.
At 4 a.m., Zheng Dawei took a sharp knife and brutally cut open the main artery in Nana's neck.
Soon, Nana died of excessive blood loss. Zheng Dawei and his wife wrapped Nana in a blanket and drove to the Xinghai Bay Bridge.
At 5 o'clock in the morning, Zheng Dawei, who was desperate, hugged Nana's body and jumped off the bridge with his wife.
However, Zheng Dawei attempted suicide and was rescued. At 5 pm that day, the body of Zheng Dawei's wife was recovered.
Zheng Dawei's family jumped into the sea due to huge losses in Bitcoin speculation. Zheng Dawei single-handedly caused a family tragedy in which his daughter was killed and his wife committed suicide.
Zheng Dawei cannot escape severe punishment from the law because of intentional homicide. An originally happy family was ruined due to leveraged currency speculation, which made people lament their misfortune and anger them.
Although Bitcoin has been around for more than ten years, it is still a new thing to most people.
Due to the lack of effective supervision, the Bitcoin market is full of chaos, and basically all traditional financial methods have been applied to Bitcoin transactions. Especially high-leverage contract trading, some exaggerated to 100 times, carries huge risks. If you are not careful, you may lose everything. Without complete financial knowledge and adequate study preparation, you cannot rashly enter the Bitcoin trading market with your hard-earned money.
The price of Bitcoin has its own operating rules, which cannot be predicted or controlled by anyone. We should be in awe of this market.
Whether they are currency tycoons, genius scientists, or ordinary leeks, there are people who have lost their lives due to the sudden rise and fall of Bitcoin.
Our ultimate goal in participating in any market and making any investment is for a better life.
Therefore, we must make reasonable investments within the risk tolerance range. Otherwise, all investment will be a waste of money.
We cannot gamble in this market with unbearable burdens on our lives; the ultimate outcome of gambling will be the destruction of our families.