From State-Owned Factory Deputy Director to Ride-Hailing Driver: The 300K Crypto Crash That Shattered a Life

## The Fall from Stability to Survival

I’ve spent years analyzing on-chain data and trading patterns — but nothing prepared me for the raw human cost behind the numbers. This isn’t just another viral crypto tragedy; it’s an emotional autopsy of ambition, illusion, and the slow erosion of self-worth.

A man who once managed 20–30 employees at a coal plant in Handan, lived without mortgage stress, drove an Audi, and raised his daughter with love — all vanished into 13-hour ride-share shifts. His daily take-home? $100 after rent and fuel.

He didn’t lose $300K overnight. It was 4 rounds of borrowing — friends, family, even his sister’s house sold — each time promising ‘this will be the last.’ But every time he lost again… he borrowed more.

The real villain? Not Bitcoin or Ethereum. It was leverage. And worse: the psychological trap of never admitting defeat.

## Why You Don’t Stop When You Should

Let me be clear: I’m not judging him. I’ve been inside that headspace too — where fear whispers ‘just one more trade’ while hope bleeds dry.

His journey began with postal stamps (yes, really). A small win taught him how to ‘beat the system.’ Then came crypto in 2020 — initial caution quickly replaced by hunger.

He entered contracts with 10x–100x leverage not because he was reckless… but because he was desperate to feel control again.

Here’s the cold truth most ignore: You don’t get addicted to gains — you get hooked on recovery.

Every failed trade became proof that one more try would fix it all. No stop-loss? Of course not. If you set it… you’d admit you were wrong.

That’s when rationality dies in favor of delusion.

## The Debt Spiral Was Predictable – But Human

In my work as a quant strategist, I model risk using Markov chains and volatility surfaces. Yet even my models can’t capture this: The moment someone starts lying to their wife about “work expenses,” they’re already emotionally bankrupt.

This is where his story becomes universal:

• First loan: $22K (borrowed + family)
• Second: $30K
• Third: Sold sister’s apartment ($50K)
• Fourth: Mortgaged his own home ($70K high-interest loan)

All before realizing the market doesn’t care about your life story.

And yes — he did earn some profit early, which made denial easier than reality check.

But here’s what no algorithm can teach you: When your father sends a message saying “This home is gone… there’s no place for you anymore”… You’re not just broke. You’re erased from memory.

## Can Help Save Him? Or Just Delay Collapse?

Enter Coolie (aka Liangxi), one of China’s most recognizable futures traders known for extreme contract play – now offering ¥5k/month support for a year plus ¥50k upfront aid.

On paper: noble gesture. On instinct: deeply risky.

Why? Because if someone like me handed you money after telling you “Don’t trade again,” would you believe them?

Nope. Especially when part of your identity still lives inside that fake chart showing green candles rising forever.

The real danger? Not failure itself… but believing that another shot could restore dignity instead of accepting loss as data point #478 in your personal risk model.

Even today he works full shifts just to survive - yet still checks price charts at night like they hold answers we all know they don’t have…

## Final Takeaway from My Lab Bench & Soul

I’ve seen bull markets rise fast only to crash harder than expected.. But this wasn’t market failure—it was emotional failure under pressure from capital flows sheared off by psychology alone.r In finance we say ‘risk-adjusted return’—but for humans? It should be ‘emotional resilience vs reward chasing’. r So if you’re watching this story thinking “Not me”—look deeper.r Are you ever tempted by revenge plays after losses? nDo you skip stops during live trades? nHave you ever told yourself “One day I’ll get back into it” while knowing deep down it might never end? r If yes—please remember: redemption isn’t found through leverage.rIt’s built through silence.rIt comes from choosing peace over power.rAnd sometimes… even turning off your phone.