Bloodstained Bitcoin

Nakamoto 2025-10-14 15:41 91036人围观 BTC

Anyone who makes finance very complicated, unified! System! All! yes! cheat! son! “I have a friend in the currency circle who talked to me about which property to buy in the Second Ring Road (Beijing) last year. Today we met by chance at dinner, and he sa

Anyone who makes finance very complicated,

System! System! All! yes! cheat! son!

“I have a friend in the currency circle who talked to me about which property to buy in the Second Ring Road (Beijing) last year. Today we met by chance at dinner, and he said to me: Hello, this is your takeaway. ”

Author: Xiong Jianhui Source: Huashang Taolue

1

In one day, it fell 12%； In one month, it plummeted 42% ； Within a year, it plummeted 77%, and its market value evaporated by 1.6 trillion yuan!

Blood stained the sea surface red, and no one slept in the currency circle.

Bitcoin, which has increased 25 million times in 8 years, has turned into a purgatory where countless people have been buried.

At the end of 2017, Bitcoin was still at a high of 20,000 US dollars. 10 Bitcoins could buy a Mercedes-Benz S500 luxury car, and 100 Bitcoins could buy a three-bedroom house in Shenzhen... But in 2009, 1 US dollar could be exchanged for 1,309 Bitcoins.

All asset bubbles in history are all garbage in front of Bitcoin.

However, by the end of this year, the currency circle has become a "disaster competition conference":

“I have a friend in the currency circle who talked to me about which property to buy in the Second Ring Road (Beijing) last year. Today we met by chance at dinner, and he said to me: Hello, this is your takeaway. ”

“After seven years of speculating in the stock market, I lost my money first, my car, then my house, my money fell to the limit of 1,000 yuan, and I had no place to talk about my desolation. ”

“I bought 20 coins at the beginning of the year, but now I have lost over one million. ”

But at the 10,000, 7,000, and 5,000 US dollars mark, there are still people buying the bottom again and again, but the bottom is broken down again and again. The feeling of losing everything in a matter of minutes is truly ecstasy.

When it comes to being the most miserable leek, no one is as miserable as Miss Yang from Chongqing. When Bitcoin fell below US$7,000 on September 5 this year, people directly lost a huge loss of 120 million.

According to Ms. Yang’s self-report: It fell sharply that day, and even though she lost 40 million, she was convinced.； But the other 80 million, she suspected, was caused by the manipulation of the OKEX platform.

In addition to leeks, there are also listed companies that make mistakes for life once they enter the currency circle.

Zhang Yanqing, chairman of the New OTC Market Company "Tieqi International", revealed that he lost 100 million from currency speculation. On February 6, 2018, he liquidated his position on the trading platform and lost 500 Bitcoins. ； The wallet was upgraded on May 22 and another 800 Bitcoins were lost. Due to currency speculation, the company lost less than 20,000 in cash.

In Hong Kong, five hedge funds also became petitioners due to currency speculation.

Those who speculated in the currency were very sad, and those who did not speculate regretted it even more.

On December 21, 2011, netizen "Xiao Zhuzi" asked on Zhihu: "A junior student has 6,000 yuan on hand. What good financial investment advice do you have?" ”

Babbitt founder Chang Chai replied: “Buy Bitcoin, save the wallet file, then forget about it, and look at it again in five years. ”

6,000 yuan is the first scholarship saved by "Xiao Zhuzi". She didn't buy Bitcoin or invest. Instead, she spent all her money on a trip to Hangzhou.

Someone has calculated that if "Little Bamboo" followed the instructions back then, he would have been able to buy more than 800 Bitcoins. Based on the high price of US$19,000 at the end of 2017, it was worth 100 million yuan. Even if it collapses to around US$4,000, it is equivalent to more than 20 million yuan.

The person who answered the question, Chang Chai, founded the blockchain project Bytom (BTM), with a market value of 7.6 billion, and his personal net worth is unfathomable.

The distance between an ordinary life and a billionaire turns out to be just one Bitcoin.

Changchai’s sudden wealth is not an isolated case.

Guo Hongcai, known as "Bao Erye", sold beef in Pingyao in his early years and his salary was less than 5,000 yuan. At Zhongguancun Garage Coffee, he heard about Bitcoin for the first time and started building a mining site. Now he has thousands of Bitcoins in his hands, owns Rolls-Royce, mansions and villas, has been a platform for blockchain projects all year round, and has a net worth of over 100 million US dollars!

Li Xiaolai is known as the “richest man in Bitcoin”. In his early years, he was an English teacher at New Oriental. It is said that he owned six figures in Bitcoin and his net worth was once as high as 7 billion.

EOS, the blockchain project that has become very popular, can raise 1 billion as soon as the white paper is released, and is valued at 100 billion before the code is written.……

In terms of making money quickly, stock trading, real estate speculation, drug trafficking, and bank robbery are all incomparable to Bitcoin.

However, here, wealth is never created, only constantly transferred.

2

“One day in the currency circle is one year in the world." Regardless of whether it is a loss or a profit, this sentence seems to make sense.

Different from currency speculation, mining has costs and is an "industry". However, digital currencies plummeted, "mining disasters" swept the world, and mining could not cover the electricity bill, making "mining machines sold by the pound" a hot search topic.

Based on the electricity price of 0.4 yuan per kilowatt hour, 17 digital currencies have all touched the "shutdown price."

Ah Cheng followed the steps of the bear market and fell into the "mine" step by step.

At the end of 2017, Acheng came to Beijing’s currency circle bar to hang out. There is no shortage of businessmen here who talk about tens of millions of dollars. Ah Cheng actually fooled an investor who spent tens of millions of dollars to build a small mine with 500 mining machines.

Acheng once made his "first pot of gold" by mining Bitcoin. Now with the blessing of the big boss, it is even more powerful. But throughout 2018, currency prices continued to fall, and earnings continued to decline. Cheng traveled to more than 20 provinces looking for cheap electricity. After struggling to hold on until November, Bitcoin fell below the "shutdown price" of $5,000. Cheng had no choice but to sell off the mining machine and close down the business.

“Go to Inner Mongolia in the winter, go to Sichuan in the summer.” The “mining motto” that once proved to be successful no longer works.

On November 6, the BTCC mining pool, which once ranked third in the world in terms of computing power, suddenly announced that it would suspend operations indefinitely, and fell into the cold wave of the currency circle without warning.

On November 20, Giga Watt, the top mining farm with the largest computing power in the United States, declared bankruptcy. In 2017, this super mine earned US$100,000 per day. Now when he suddenly collapsed, he still owed $70 million in debt.

When the house leaked, it rained all night, and the country took advantage of the "mining disaster" to attack.

In October 2018, Washington State in the United States issued a mining ban and increased mining electricity fees. The effect was immediate, and the local "Billion Watt" responded.

In November, Guizhou and Xinjiang also suddenly required power outages in mining areas for rectification, and a large area was destroyed.

Some people resigned and returned to their hometowns, while others rushed to the examination hall at starry night.

Large, medium and small mines are running away and injured, but some old players are "looking to buy second-hand mining machines." Veterans have experienced similar ups and downs in the industry. The more panicked, the lower the price, and the more they entered the market, just because some people can get electricity at a low price of 0.28 yuan, and the shutdown price is as low as around US$3,000.

Countries are also experiencing a major reshuffle in the mining industry.

In August 2018, Leningrad, Russia, converted a fertilizer laboratory in the former Soviet Union into the largest mine in the country. This place, which covers an area of 4,000 square meters and has been idle for 20 years, is equipped with more than 3,000 mining machines, which makes the local government overjoyed. Even the deputy governor of Leningrad did not hesitate to condescend and personally delivered a speech at the opening ceremony of the mine. In addition to warmly welcoming miners from all over the world to mine, he even complained that the power of his own Sosnobeib nuclear power plant could not be used up.

On November 11, a Norwegian mining company also decided to take advantage of the bear market to restart its mining area.

What ordinary people see is a collapse in currency prices, while what experts see is a sudden drop in computing power and an increase in mining efficiency.

When others are greedy, I am fearful, and when others are fearful, I am greedy. The same applies to the mining industry.

Individual miners are more likely to be happy. After a miner in Canada lost money, he directly transformed six mining machines into heaters, which not only entertained everyone but also warmed himself. If the currency price rebounds, you can return to your old business.

3

In 2017, Bitmain’s “King of Mining Machines” S9 was sold for as much as 20,000 yuan but was still hard to come by. Today, a second-hand S9 sells for less than 1,600 yuan in Huaqiangbei, Shenzhen, a 90% drop.

On November 22, 2018, Bitmain, whose listing was far away, persisted in releasing new mining machines D5 and DR5 despite the "mining disaster", and was shivering in the cold wind.

But in the eyes of many people, the world's number one mining company does not deserve sympathy at all. Bitmain was the instigator of this currency collapse.

In 2013, Wu Jihan, a graduate of Peking University, founded Bitmain. With its powerful performance and counter-cyclical approach, it has become the dominant player in the global mining machine industry in just three years. Not only does it have a monopolistic market share of 70%, its self-operated and managed mines and mining pools also once accounted for about 80% of the global Bitcoin computing power.

In the "decentralized" Bitcoin world, those with more than 51% of the computing power can basically do whatever they want. Although full of irony, Chinese Wu Jihan is indeed the de facto "King of Bitcoin."

Even Daoxiangcun, Tofu Nao, and Yuanxiao Tangyuan will have conflicts between the North and the South, not to mention the Bitcoin that shocked the world?

On August 1, 2017, a dispute over expansion broke out between the Bitcoin Core maintenance team and Bitmain. Wu Jihan relied on his computing power hegemony to forcefully promote a "hard fork" and create an altcoin - Bitcoin Cash (BCH) based on Bitcoin (BTC).

You can understand "hard fork" as "father and son separation": if Bitcoin (BTC) is the "father", then Bitcoin Cash (BCH) is the "son".

Some people believe that the "father" is an authentic Shaolin disciple with a long history and is worthy of admiration from Bitcoin heroes, while his son will always be a countercoin.； Some people believe that the "son" has inherited the glorious tradition of the blockchain ancestors and is the successor of the Bitcoin industry.

But Bitcoin is no longer the Bitcoin it once was.

While people are still arguing over who is the "authentic Bitcoin", Bitcoin Cash (BCH) is in internal strife again. This time it was the Australian CSW (ie "Satoshi Nakamoto") who called himself "Satoshi Nakamoto" and fell out with Wu Jihan.

As a result, the "son coin" Bitcoin Cash (BCH) will be split again into two "grandson coins", BCH ABC (Wu Jihan) and BCH SV (Ao Ben Satoshi).

On November 15, 2018, the computing power showdown of Bitcoin Cash (BCH) and the overall collapse of digital currencies began at the same time.

Satoshi Oben claims that his core advantage is money and vows to “crushing Bitmain into slag.”

But Chinese mining tycoon Wu Jihan is even more ruthless, spending 100 million every day to subsidize miners to attract global computing power to join the BCH ABC camp.

In Ordos, Inner Mongolia, Bitmain's world's largest mining farm is deployed here, with 25,000 mining machines working day and night. In addition, Wu Jihan urgently deployed 90,000 mining machines in Xinjiang, ready for big moves at any time.

On November 21, the Bitcoin Cash (BCH) hard fork was completed, and BCH ABC and BCH SV each steadily issued coins. But who will win and who loses has yet to be determined.

Some exchanges believe that BCH ABC has successfully inherited the longest chain of BCH and plan to completely delist BCH SV.； But soon, BCH SV responded with a surge of 52.37%, standing out in the collapsing market.

Jihan Wu thought he was sure to win, but Satoshi Oben, who was unwilling to give up, said: The game has just begun!

But most people feel that there is indeed no winner in this computing power war.

4

Some people believe that Bitcoin can still be saved. Similar plummets are not uncommon in the history of Bitcoin.

Starting in November 2011, it fell from US$30 to US$2, a drop of 93%.；

Starting in December 2013, it fell from US$1,166 to US$170, a drop of 85%.；

Since December 2017, it has fallen below $4,000, a drop of 77%.

After every plunge, Bitcoin will usher in a more retaliatory surge.

But when Bitcoin first split into Bitcoin Cash (BCH), things changed for Bitcoin.

A hard fork means the birth of a person with the strongest computing power among altcoins. In the cryptocurrency world, this is known as 51%+ hash power ； But in the stock market, such behavior is called "taking the banker."

The big guys in the currency circle suddenly discovered that as long as they create a hard fork, their altcoins will be better and healthier. As a result, more than 90 "son coins" such as Bit Gold, Bit Diamond, and Super Bitcoin appeared on the scene. Bitcoin Cash (BCH) is just the most famous one.

Nowadays, there are two "grandson coins", so can "great-grandson coins", "great-grandson coins" and "great-grandson coins" be far behind?

This means that the "decentralization" of Bitcoin and the consensus of a total supply of 21 million have long been reduced to a laughing stock. “"Copycat" cannot be stopped, and "inflation" cannot be controlled. It is serious to engage in bifurcation and cut leeks.

“"Consensus collapse" is the basic logic of this cryptocurrency collapse. Some people predict that Bitcoin may be cut in half again, falling to around $1,500.

But if it falls like this, won’t the big guys lose money? People who hold conspiracy theories believe that not only do they not lose money, but they make a lot of money.

For example, bifurcation is a super negative that can be manipulated by humans. Before the fork, market makers can add leverage to go short on cryptocurrency futures, and then go long after the fork, and they will definitely make a lot of money. To some extent, people cannot even rule out the possibility of Satoshi Ao Ben and Jihan Wu joining forces to take over.

However, trapped people are prone to Stockholm Syndrome. The more entrenched you are, the more convinced you are that Bitcoin is the scariest and cryptography is the most secure. Cryptocurrency will usher in a spring that will surge ten thousand times in the next year. After all, it’s the last hope for many people to get rich.

A good place recommended for this kind of patients is Craig Castle Hospital in Edinburgh, UK: The environment here is elegant, the air is fresh, and the traditional Chinese medicine is passed down from generation to generation. It specializes in treating "Bit addiction". It has a 6-week course of treatment, 9,000 pounds a week, and a total of 500,000 yuan to give you a normal life.

The following few maxims may help people save 500,000.

The stock god Buffett has always warned: Bitcoin is a phantom, a way to transfer funds, and the second power of rat poison. Cryptocurrency has no bottom line. All you can do is stay as far away as possible.

Huang Qifan, the former mayor of Chongqing, once said the truth: Anyone who makes finance very complicated is a liar!