The founder of Dogecoin is still working, but I earned money for pension in advance

Image source @ Visual ChinaArticle | Financial Story Collection, Author | Egg Egg, Editor | YiranRecently, the virtual currency "new rich" Dogecoin is the most powerful currency in the world.On May 4th, the price of dog coins, which Musk had blown up, skyrocketed again, reaching a maximum of $0

Image source @ Visual China

Article | Financial Story Collection, Author | Egg Egg, Editor | Yiran

Recently, the virtual currency "new rich" Dogecoin is the most powerful currency in the world.

On May 4th, the price of dog coins, which Musk had blown up, skyrocketed again, reaching a maximum of $0.6 per coin. If calculated from the beginning of the year, the price of dog coins has skyrocketed by over a hundred times this year.

As a result, the total market value of Dogecoin has exceeded 80 billion dollars, becoming the fourth largest digital currency after Bitcoin, Ethercoin and Coin.

Even Marcus, the co-founder of Dogecoin, was puzzled by this surge. Marcus is not the beneficiary of the soaring Dogecoin. He sold all his Dogecoin and bought a second-hand Honda Civic as early as 2015.

The Dogecoin, born as a joke, is now more like a realistic version of the absurd "blind box". Investors who go deep into it, some become rich overnight, while others fail. Even those who become rich suddenly, like a dream, even cry "unexpected".

Financial Stories has interviewed several investors who had bought Dogecoin in the early days: after 1985, Zhang Ziyin's exchange ran away, and the Dogecoin with a market value of several million yuan disappeared; The post-90s Liu Tong stopped trusting because Dogecoin was targeted by pyramid selling groups. He was eager to sell it, and finally got nothing; After 1985, Zhang Wei doubled his income from buying Dogecoin. He only hated that he bought too little at that time. Professionals always wanted to help their friends achieve wealth freedom, but he regretted that he didn't buy Dogecoin earlier: buying Dogecoin unexpectedly made him rich, and Internet factory workers no longer worried about future pension.

The exchange ran away, and the Dogecoin with a market value of several million disappeared

"The Dogecoin avatar is so cute, I knew it would be popular in those years". Zhang Qi, an employee of the post-85 Internet factory, has a very cute Shigou.

This Shiba dog has accompanied him for more than 6 years and bought Dogecoin because of this pet named "Fanta".

In 2016, digital currencies became popular, and Bitcoin's market was booming. The entire network was immersed in the joy of mining, but Zhang Qi was not very interested in digital currencies.

One day, while playing with Fanta and brushing his mobile phone, he suddenly saw the sign of Dogecoin.

Who printed my dog on it

He resolutely bought Dogecoin worth 3600 yuan.

At first, Zhang Qi would check the market every few months, but the market value did not change significantly. As a daily overtime worker, he soon forgot about the existence of this asset.

Until this year, the market surged!

Zhang Qi suddenly remembered that there was also a pension fund for his dog. The value of Dogecoin in 2016 was 3600 yuan. According to the current market, it is worth millions!

Zhang Qi's heart beat faster, and he opened the website with trembling hands.

The trading website turned out to be completely blank! Upon inquiry, I realized that the exchange had run away.

Although Zhang Qi had the opportunity to become wealthy overnight, he ended up with nothing and suffered for several days.

Fortunately, Zhang Qi did not invest much money.

He said he didn't want to bear the risk of "such a 24 hour non-stop trading without logic, the risk is too high".

He also reminds everyone that if you want to invest in digital currencies, you must choose reliable exchanges. Otherwise, even if it soars a thousand times, your wealth will still be in the water, fragile and easily dispersed.

Dogecoin is targeted by MLM Group, afraid of being locked up, but now it hates to "untie" it too early

The post-90s Liu Tong is responsible for market business operations in the financial Personal media industry.

Ten years ago, he was still a young college student.

Bitcoin is a virtual asset that may appreciate over a few months. Interested parties are interested in researching it.

In class, a seemingly casual sentence from the computer teacher caused ripples in Liu Tong's heart.

After searching for a large amount of information, he believed that it was an asset worth investing in.

Liu Tong decided to invest half a month's living expenses in Bitcoin, but ended up not finding a trading platform.

In 2018, Liu Tong, who had worked for more than two months, earned over 30000 yuan, along with over 10000 yuan prepared by his friends. With an extreme desire for wealth, he rushed into the digital currency market.

I bought more than 10000 yuan of the most popular Bitcoin and more than 10000 yuan of Air Coin at that time, and the remaining 10000 yuan bought more than 1.2 million Dogecoin (at 0.007 yuan/piece).

Who expected that within a month, the price of Dogecoin fell to 0.0042 yuan, and other coins purchased in the same period also fell.

Liu Tong was filled with remorse at the time, thinking that "virtual currency is a game of beating drums and passing flowers, but to his surprise, he became the catcher

If you feel unwilling, you can only endure the pain and cut the flesh.

After selling 1 million Dogecoin, Liu Tong looked at the remaining 200000 and thought they were worthless, so he put them in his account and never bothered.

Just when Liu Tong had forgotten about the Dogecoin, a news item suddenly came into view.

"Revealing the truth that Dogecoin has made 500 million yuan, it is the hype of Zhengyu's pyramid selling team", "The truth that Dogecoin has made 500 million yuan by the pyramid selling team".

From August 31 to September 1, 2018, the Dogecoin rose by 262% in just one day, which can be called a big event that shocked people in the currency circle that month.

The initiator of this surge is a pyramid scheme company called "Zhengyu International Holdings Group". The group induced its members to buy Dogecoin by brainwashing and other means.

Liu Tong was shocked. He didn't expect the virtual currency he bought to be related to the MLM group. But on second thought, this is a once-in-a-lifetime opportunity to land!

The remaining 200000 Dogecoin will be sold on the same day.

It was precisely through this wave of pyramid schemes that Liu Tongcai partially compensated for the losses he and his friends suffered.

Recently, the Dogecoin has soared, and this time he is even more regretful. "If the 1 million Dogecoin of that year is not sold, I will soon be rich and free".

Reluctant, Liu Tong bought another 6000 yuan of Dogecoin, which he plans to hold for a long time.

After experiencing high buying, meat cutting, and stop loss driven by pyramid selling groups, Liu Tong does not dare to have much higher expectations of the Dogecoin now, but acts as a blind box for himself in the future.

I made over 200000 yuan in one go, but I only wish I had bought less at that time

In 2017, currency industry leaders emerged one after another to "bring goods", and the myth of sudden wealth emerged one after another.

Wang Wei, born in the 1980s, with his dream of becoming wealthy, opened a virtual currency forum and began to explore the currency industry.

But at that time, the price of Bitcoin was too high. Wang Wei noticed that Ethereum was only 1000 yuan.

He bought two Ethereum and deleted the trading platform APP with a long-term idea.

In February of this year, a rare digital currency bull market came.

One Ethereum worth 1000 yuan has soared to 10000 yuan, and only two Ethereum pieces have brought Wang Wei tens of thousands of yuan.

So it's so exciting to stir fry coins!

Wang Wei regrets that he only bought two Ethereum. If he bought more, he would not realize wealth freedom as soon as possible!

At that time, the news of the soaring Dogecoin flooded the currency circle, and Wang Wei, who tasted the benefits of virtual currency, decided to start with Dogecoin.

On February 3, the price of a Dogecoin was only 0.03 cents. Wang Wei decided to build a position, bought a small amount of Dogecoin, and continued to buy a little every day. In the process of continuous buying, the price of Dogecoin rose from 0.03 cents to 0.04 cents, and then to 0.07 cents, until February 28, he bought a total of 70000 Dogecoin.

In April, the price of Dogecoin rose from 0.03 cents to 0.3 cents! In just two months, it achieved a 10 fold growth, which exceeded Wang Wei's expected earnings. He quickly sold 50000 Dogecoin, earning more than 200000 yuan.

Wang Wei plans to hold 20000 Dogecoin for a long time.

Wang Wei said that investors in the currency circle expect to make a lot of money, and if the price of the currency they buy increases by less than 50% -100%, no one is willing to sell. This is an exciting battlefield where everyone wants to become rich overnight.

Wang Wei also summarized several successful experiences of currency speculation: virtual currencies are suitable for long-term investment, and it is best to have a mentality of holding for six months or even three to five years in order to maintain a calm attitude towards short-term price fluctuations; Pay attention to the holdings of grayscale funds and the dynamics of institutional investors, who are the dynamics of the future market; Pay attention to the discussion volume on domestic and foreign websites. The more discussion volume, the more likely this coin will increase.

Amway friends achieve wealth freedom, but they cash out too early and only earn 10000 yuan

Mr. Snake (Meng Xiaoshe) is a renowned internet KOL, senior community operation expert, and the global community leader of HuoCoin.

He was one of the first people to come into contact with virtual currency.

The first time I met Dogecoin was in 2014, when a fan left a message on the official account of Snake Head Office to give him some Dogecoin.

Snake is always surprised. This is the first time he has been "rewarded" by fans with Dogecoin. He is also a Chinese programmer who works in the Netherlands.

In 2019, the snake association joined the Dogecoin Chinese community and purchased one million Dogecoin.

Different from Wang Wei's idea, Snake always believes that virtual currencies with low value such as Dogecoin are particularly volatile, more suitable for short-term investment, and can earn price differences through short-term trading. Many people in the currency circle, like him, adhere to the concept of short-term investment of Dogecoin.

Soon, the value of the Dogecoin doubled. The snake always thought that it had reached his expected income, so he decided to sell it for cash and earned 10000 yuan.

When the value of Dogecoin is low, snake always preaches Dogecoin to friends around him, asking them to buy Dogecoin, which can gain a hundred times or a thousand times profit in the future. However, friends around have limited understanding of Dogecoin and other virtual currencies, and few people are willing to buy it.

However, there are always friends who are favored by the Lucky Goddess. There is a friend who has acquired a lot of dog coins under Amway and has achieved Financial independence.

Snake always regrets that if he had bought Dogecoin earlier, he could retire early now.

When it comes to the prospects of virtual currency, Snake always believes that the issuance of traditional currency is non-public, which inevitably leads to the phenomenon of over issuance, leading to a decrease in the trust of many young people in traditional currency. Millennials are more willing to accept Cryptocurrency because they have been exposed to the Internet since childhood, including the concept of virtual currency (such as Q coin, gold coin in the game, etc.).

However, snake always thinks that the issuance mechanism of Dogecoin will not make it a mainstream asset, but this is a great Social experiment. He has been deeply involved in this experiment and has also felt its strong and relatively stable consensus foundation.

However, Mask's flag raising makes the prospect of Dogecoin more imaginative. No matter how rebellious and independent Mask is on social media, he is still an excellent representative of mainstream capital. Therefore, Snake always questions whether a virtual currency born of irony should become a toy of mainstream capital?!

The founder of Dogecoin is still working, but I don't have to worry about retirement for the time being

In her circle of friends, many people rumored that she realized wealth freedom by investing in Dogecoin.

But Diu Diu is very tight lipped and unwilling to disclose how much she has profited. As for the freedom of wealth, what are the standards?

Recently, Diu Diu saw a screenshot of a Tencent employee who claimed to hold 10 million Shenzhen properties, 10 million Tencent stocks, and 3 million cash, preparing to retire early.

I found it amusing to lose it and sent a screenshot to a Tencent executive. The executive smiled at it and said, "This is also considered wealth and freedom?! What can I do with this money in Shenzhen and dare to retire

As early as 2013, Diu Diu was exposed to dog coins. At that time, she was still working in the media, and often haunted Zhongguancun Venture Street. Many money circle tycoons, such as Li Xiaolai and Bao Erye, would also appear here, and some entrepreneurs around would also play money.

Under the influence of experience, Diu Diu became interested in digital currency. In fact, before that, she was a financial white. As an intellectual, her parents once lost a lot in investing in Stock fund. Therefore, Diu Diu was not interested in short-term high-risk investments in the past, but she tentatively bought some digital currencies and made a lot of money.

The first reason for the initial purchase of Dogecoin was that it was cheap, and the income lost at that time was very small. It cost more than 1000 yuan to buy 100000 Dogecoin. The second reason was that she felt that Dogecoin was cute and cute. She was also a dog controller and had a pet dog. The third reason was that she felt that although she did not know technology, she had a technological belief.

This year, the Dogecoin has soared more than 100 times, but Diu Diu is still calm. "If it increases ten times more, I may be happy, and I will cash in a little to improve my life. At present, it is still a series of figures. Those figures may also be cut and reset."

Seeing the news that the founder of Dogecoin has only earned a car and is still working, it seems absurd to lose more or less.

After the surge, Diu Diu has no intention of cashing out temporarily. Firstly, she always feels that since digital currency is a consensus, the probability will still rise. Secondly, withdrawing currency now also carries risks, and frequent operations may result in account freezing. She is cautious.

Personal assets have increased significantly, but the desire to spend money on lost items has decreased even more. "Once I had money, I wanted to buy bags and clothes, consume and enjoy myself in a timely manner. Now I feel more secure, have more hope in life, and have more confidence. What I didn't dare to think about before can now be looked at, such as landing on the moon

However, she did spend a lot of money on her family. She lived in her parents' old house for more than thirty years, with mottled walls and old windows. Therefore, she paid a sum of money to decorate the house for her parents and also bought a pile of digital products for her family.

Many colleagues and friends around me have heard about the investment case of DiDiDiDi and come to learn from it. In April this year, many colleagues lost their cars and made a lot of money. However, Diu Diu said that she would not take the initiative in Amway digital currency. "Instead, I will remind them that you will not enjoy the low price dividend in the past, and now the Marginal cost of investment is getting higher and higher.".

In addition to Dogecoin, Diu Diu bought another digital currency SHIB, which is commonly known as "shit coin".

Of course, this does not mean that Diu Diu lacks risk control concepts. For example, her mainstream digital currency assets are stored on large exchanges because the latter are safer and prevent currency loss. In addition, in terms of currency selection, "I want to hold some mainstream currencies that have consensus.

Today's Diu Diu still lives the life of an Internet migrant worker, but at least, with the Dogecoin in hand, Diu Diu doesn't have to worry about pension issues for the time being.

In the past, as an unmarried woman, Diu Diu always fell into anxiety, and the inner circle around her was everywhere. She even jokingly discussed with her parents, "If I lose my job at an old age, will I work in the supermarket?" As a result, her mother gave her a blank look and said, "The supermarket also prefers to recruit young girls.

epilogue

The wave of digital currency is surging, but not everyone can successfully take the lead. Some people unexpectedly become wealthy, while others are bleeding profusely.

The digital currency, which lacks the support of the national credit system, is destined to be accompanied by high returns and risks.

The Dogecoin is large in size but low in value. On the one hand, it is suitable for ordinary people to invest, and the investment threshold is low; On the other hand, it is easy to be manipulated by people who hold a large amount of currency.

Finally, I would like to remind everyone that there are risks in the currency circle, and investment needs to be cautious!

(At the request of the interviewee, Zhang Qi, Liu Tong, and Wang Wei were all pseudonyms.)