By Leek, Foresight News
In the online novel “Ten Days End”, a group of people accidentally stepped into a “land of end”, where they went through a cycle of life and death every ten days. They were born and died here, and died and were born again. To escape from this place, they had to play a death game designed by the “Twelve Zodiac Signs”. But after ten days after ten days, they were trapped in the cycle, killing and hope never stopped.
The protagonist of the book once said: “When I thought it was just an ordinary day, I found myself being caught in the Land of the End. When I thought I could escape by just participating in the death game again and again, I found that everyone began to awaken supernatural powers. When I thought this was the “place for creating gods”, everything was heading towards annihilation. “
The crypto market is like a digital version of “The End of the World”. People choose different games (targets) in the cycle and win the “Tao” (chips) from other players (PVP) or referees (dealers). They experience the feeling of wealth growth or disillusionment in a very short period of time. There are winners or losers in every round of the story, but the cycle never stops.
Today’s protagonist, X, is an unknown old investor in the cryptocurrency circle. But on September 8 of this year, his life trajectory changed again. A meme coin called “Terminus” made him earn more than $1 million in 10 days.
My name is X, and I’m going to start telling a story.
First pot of gold: Dogecoin and Bihu
My relationship with cryptocurrency began in July 2017.
At that time, I was a junior in college, hanging out in a circle that speculated on website domain names. It was the height of the ICO craze, and I saw people in the community talking about cryptocurrencies, and the daily increase could reach 20%. For a college student like me, that was an extremely exaggerated number. Driven by curiosity, I rushed into the cryptocurrency circle and spent 500 yuan to buy my first cryptocurrency in my life – Dogecoin. Why did I buy it? In addition to being cheap, I think its logo is the most interesting among all the weird tokens.
But soon after, the 94 liquidation policy came into effect in China. Since I had only a vague understanding of the concept of wallets, I had no choice but to sell my Dogecoins. But just two months later, the prices of Bitcoin and Ethereum began to soar, with Bitcoin hitting a high of $19,800. The craze for Bitcoin made me itch again, so I chose to learn more about the cryptocurrency world.
In 2018, a vertical cryptocurrency community that is very advanced today appeared – Bihu. Its mechanism is “Write to Earn”. You can get token incentives by posting on it. Vitalik is also very interested in this cryptocurrency-based application today.
As a student, I participated in this low-threshold ecosystem without hesitation.
I didn’t expect that my first pot of gold would come this way. I updated my articles on it for a long time, and once ranked in the top 20 on Bihu. I could earn tens of thousands of RMB just by writing articles a month. For a college student in 2018, I exclaimed that this field was too profitable.
After graduation, I joined a cryptocurrency investment research institution without hesitation and began to dig deep into the secondary market. At that time, the market was still in a deep bear market. My institution had laid out a lot of secondary quality projects in the early stage. My brother who worked with me, who was also my college classmate, seized this opportunity. He held Aave and sold it in the middle. In the end, he made a profit of more than 100 times and took off directly. My colleagues around me also made enough capital in this wave and resigned one after another. I made a little money in Fomo, but I also lost my mindset due to some altcoins.
That was in 2019, and I was just starting out, but I was fortunate enough to witness other people’s path to financial freedom, and my opportunity was just around the corner.
Second pot of gold: BNB and BAKE
I realized that there were not many opportunities in this field in my city, so I chose to switch to the media in a big city. The cryptocurrency media at that time was different from what it is now, and it was closer to the project parties. This choice started my crazy journey.
Binance, which was in the midst of a bull market at the time, released the BSC smart chain. I realized that this might be an opportunity for an ecological explosion like Ethereum. I invested all my money, even all the funds I could raise with various leverage, into BNB. At that time, BNB was priced at US$15 (Editor’s note: BNB was priced at US$770 as of press time).
Looking back, I don’t know why I had the guts to take that gamble. The good news is that I won, the bad news is that I didn’t.
But when wealth comes, you can’t stop it. With this wave of funds, I started to participate in various early projects’ moving bricks and mining. At that time, there was a project called BAKE. I participated in its mining. Later, I realized that Open Sea, the leader of NFT, had not yet issued coins. This might be a big opportunity, so I bought 5% of the chips in circulation at a very low price.
As the price of the project’s coin increased, I looked at the numbers in my account and I couldn’t bear the increase. As a college student who had just graduated, I had never seen so much money in my life. I couldn’t resist the temptation and sold it. Later I made a loss of 30 million. In the meantime, I also participated in selling a lot of projects.
Every success made my self-confidence swell, and I started to participate in derivatives more aggressively. Until May 19, 2021, I added 3x leverage and lost several million, which made me sober up a lot.
After thinking it over, I realized that this time, it was my turn to resign.
The third pot of gold: Musk and Mars City
After converting most of my wealth into real-world assets, I took a year off at home, leaving only some of my startup funds in the cryptocurrency world. After FTX went bust, I started buying cryptocurrencies again, mainly in Ethereum and Ethereum-related cryptocurrencies, and I bought a lot of cryptocurrencies in 2023.
The market in the first half of this year was actually average, and the hottest thing was Meme. The time came to September 8, 2024, and this day became another important milestone in my investment career.
On September 8, when I was browsing Musk’s Twitter, I found that he said he would land on Mars in two years and build a self-sufficient city on it. According to the community’s research, Musk quoted the concept proposed by the famous science fiction writer Asimov in the “Foundation” series as early as February 2020, and regarded “TERMINUS” as a “new highland for mankind.”
I have always been a fan of Musk, and the Musk concept is a hot Meme. It just so happens that this MEME coin is one of my five favorite fields: AI, space, life sciences, energy and robotics, which has a profound impact on mankind.
As a die-hard fan of Musk, I acted decisively that day and bought the TERMINUS (uppercase version) token of the same name at an extremely low price of less than $10,000 in total market value, becoming an early investor. My investment amount was $136.
The day after I bought it, the market exploded like a tinderbox. A tweet from Musk’s little brother, a KOL “DogeFather”, caused the market value of TERMINUS to soar 50 times. My $100 turned into more than $5,000. I think I can accept the loss of this money.
Having seen the craziness before, I was excited, but I firmly believed that this was just the beginning and chose to continue holding. However, market changes always catch people off guard. Then TERMINUS coin suffered a fierce wash, and the price fell sharply, with a drop of more than 70%, and many people got off the train. But this time, I did not retreat after having seen the storm.
On September 21, “DogeFather” tweeted again, and many investors discovered this value trough. In just three days, TERMINUS increased by 600 times, but for me, it should be more than 10,000 times from the low point to the high point. TERMINUS started a crazy rise mode, and the market value soared all the way, from 200,000 to 5 million, and then continued to rise, reaching a maximum of 48 million US dollars.
I once looked at my address and found that the value had exceeded $1 million, but I still had no desire to sell. I firmly believe that it has greater room for growth. Now that the heat has passed, the market value of TERMINUS has fallen back to $14 million, but this narrative cycle has not really started. I have always believed that if Musk can land on Mars, investing in space MEME is the lowest threshold and the most effective way for ordinary people to participate in the space track.
postscript
My child was born last year. I now have an idea. I think that in addition to wealth, people’s thoughts and cognition are also inherited. These are the core means of production. So I think it can be said that through the early accumulation in my hands, I can raise a family. The power of one person is limited, but the power of a family is strong. It takes ten years to grow a tree, and a hundred years to cultivate a person. If I successfully cultivate a family, there will be people who will continue to magnify my wealth.