Real estate agent loses 5 million to zero: From getting rich quick with "animal coins" to owing online loans and eating instant noodles, lack of awareness is the biggest sin!

Don’t talk to me about candlestick analysis or value investing.

In the crypto world, some people rely on luck to win, but in the end, they all lose it back through skill.

Today I share a submission from Deep Drift fan Ah Hao. This story should be engraved in the bones of anyone hoping to turn around with a meme coin.

From “Real Estate Commission” to “Five Million Myth”

Ah Hao used to be a real estate agent, running around South Shenzhen Avenue every day with energy. People in this industry are inherently fierce and gambling-minded.

In 2021, Ah Hao took a boss to view a property, and heard the boss brag: “Why buy a house? I invested in that animal coin, it multiplied tenfold in a day!”

Most people would just listen and forget. But Ah Hao is a tough guy. After showing the property, he immediately poured all the several thousand yuan commission he just received into Dogecoin.

As a result, when the trend came, even pigs could fly.

That was the crazy moment for Meme coins. With that youthful, fearless spirit, Ah Hao charged through various meme projects. In half a month, 100k yuan turned into 5 million like a snowball rolling downhill.

At that time, Ah Hao was completely crazy. He quit his job, frequented high-end clubs, thinking selling houses was a waste of life. He even believed he was the chosen “Crypto War God.”

“519”: The Elevator to Hell

The biggest fear isn’t lack of money, but being used to quick gains.

Ah Hao was no longer satisfied with spot price increases; he fell in love with the dopamine from high leverage. 50x, 100x—watching the account numbers jump by tens of thousands of dollars in seconds, that was more addictive than anything.

Until the blood-dripping “519” market crash arrived.

When the waterfall hit, Ah Hao’s first reaction wasn’t fear but excitement. He thought it was a “bottom-fishing opportunity” given by God, a ticket to becoming a billionaire.

He endured huge drawdowns, opened high leverage long positions.

A red candle dropped, margin call; borrowed money to add to the position, another candle, then liquidation.

That night, Ah Hao was like a gambler with bloodshot eyes, not only losing all the profits he made in the past half month but even using the money he planned to buy a house back home, and maxing out credit card loans.

5 million, back to zero, then into debt—all in less than 24 hours.

When the screen showed “Your position has been forcibly liquidated,” Ah Hao slumped in a rented city village house in Deep Drift, looking out at the thousands of lights outside, feeling the coldness of Shenzhen’s night for the first time.

From Ramen Debt to “Long-term Veteran”

The next two years were the darkest in Ah Hao’s life.

To pay off online loans, he ate ramen every day, took up sales jobs again, helped with product promotions, and managed social groups. The fall from cloud nine into the mud was enough to make an adult completely collapse.

But he endured. Now, Ah Hao, after two years of hard work, has regained his energy, but he no longer touches those flashy meme coins or high leverage.

He told me a heartfelt line in his post:

“When your cognition can’t keep up with wealth, every penny you earn is just temporarily held in your hands. The big players have ways to make you eat it all back.”

Now, his account only holds Bitcoin and Ethereum, focusing on long-term holding.

Remember one thing from the blogger:

The crypto world isn’t short of myths about sudden wealth; what’s missing are generals who can walk away with their money intact.

If you don’t plan to learn from veterans who hold long-term, but instead keep staring at those crazy “hundredfold meme coins” circulating in groups, your ending is already sealed the moment you place your order.

Don’t wait until you can’t afford ramen to realize the warning I gave today.