I came into contact with Bitcoin in 2015, when the price of Bitcoin was more than 2,000. In order to play 3M, I bought some on Huobi and transferred them to others. In the end, I lost 30,000 on 3M. The money was small, so I didn't care too much.
In July and August 2017, my friends were trading in cryptocurrencies, and they recommended CX, ZJP, and altcoins to me, such as SNT, BTM, etc. I bought 30,000 or 50,000 of them with a try-it attitude. Soon, I encountered 94, and only had more than 10,000 left. During 94, I exchanged all the altcoins for Bitcoin and left them alone. Soon, the exchange was reopened overseas, and I almost forgot about it.
There was a period of time from the end of 2017 to the beginning of 2018 when the account increased by more than 10,000 every day, but the rise was short-lived and it soon began to fall. During this process, I learned about mining and started buying mining machines. When Ethereum was at its peak of 10,000, I bought a mining machine for 30,000. It took ten months to get my money back, which felt pretty good at the time. At the same time, at the beginning of 2018, I participated in many ICOs, investing one Ethereum per project. Later, when the funds were opened, 10,000 turned into a few hundred. I lost money so quickly. In 2018 and 2019, I bought mining machines several times, mainly graphics card mining machines. At that time, electricity was cheap, and later I put it in a friend's factory, where some of the electricity was free, so I persisted.
In 2020, I also bought some BT mining machines and an S19 worth 15,000. At the best time, the price rose to more than 60,000. I sold the S19 at 40,000 and used the money to continue buying mining machines.
In 2021, I also came into contact with mining hedging. My hedging price averaged more than 2,000 yuan. At that time, I thought the price was okay. Anyway, the machine had paid back the cost and there was no risk. I sold the coins I mined and continued to invest in the machine. I also borrowed more than one million yuan, all of which were invested in mining machines. The cash in my hand was only enough for 2-3 months of electricity bills. At that time, I calculated that the value of the mining machine was about 3 million yuan, and I borrowed 1 million yuan and made a profit of 2 million yuan. I thought it was very safe at the time. However, Ethereum rose from more than 2,000 to more than 4,000 yuan. I didn't have enough money to add margin, and I lost more than 500,000 yuan in the hedging deposit. What's worse is that on May 19, the government issued a policy to ban mining, and the price of coins plummeted, and the mining machine also fell. The mining machine that I bought for 100,000 yuan not long ago could only be sold for 30,000 yuan at that time. In the bull market last year, the daily mining income exceeded 6,000 yuan, but today, it is only more than 100 yuan a day. I bought a car in the bull market, but I didn't even pay the full amount, and the rest of the money was lost. Now I have to pay the mortgage every month.
During the bull market, I also bought 300,000 FIL, and now it is almost zero. Now, I have to go to work, running SF Express, wearing a yellow robe, and jokes come true. From earning more than 2 million to losing more than 1 million, I recently saw a psychologist because of the psychological gap. Thinking of last year's bull market, a netizen said that he saved enough money for 3 years and brought an umbrella even on sunny days. And I, immersed in the bubble of the bull market, was greedy and touched borrowing. A friend also said that he was as greedy as me and lost 4 million.
My family disagreed with my going to work at SF Express, but I joked that it wouldn't last long, and I would work at SF Express for at most three years. My machine is still there, and I still have some coins. I look forward to a bull market in a few years, and I will make a comeback.
Now that Ethereum has fallen so much, whether I should sell or not is a question. My friend asked me: Why didn't you sell at a high price, but he didn't say how high it was, it's all hindsight. I can survive without selling the coins. I hope that after the halving in May 24, the price will rise after a year. If my job is stable, it doesn't matter if I sell it one or two years later.
This afternoon, the sun is shining brightly. You are reading a story with the air conditioner on, while I am working outside delivering packages in the 40-degree heat.
