Bitcoin, the virtual currency, is rising rapidly, attracting the attention and investment of countless people. However, the risks hidden behind it may be far beyond your imagination. A blogger who owns 7,500 bitcoins revealed in his autobiography that Bitcoin brought him not only wealth, but also the destruction of his life. Let's take a deeper look and see how Bitcoin ruined the blogger's life.

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Bitcoin, the darling of the digital age, was once hailed as the pioneer of the financial revolution and attracted the attention of countless investors. However, there are endless risks behind it. This blogger, who owns 7,500 bitcoins, was once the envy of everyone, but his experience makes people think deeply. An investment carnival turned into a nightmare of life.

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In the wave of Bitcoin investment, the blogger was intoxicated and invested most of his savings in it. 7,500 bitcoins were once a symbol of his wealth and the support of his confidence. However, risks came quietly and his life changed dramatically.

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The fluctuations in the Bitcoin market are like the ups and downs of a roller coaster, which is unpredictable. This blogger once held on with full confidence, but he did not expect the cruelty of the market. The value of 7,500 bitcoins fluctuated violently, leaving him on the edge of wealth, and the pressure of life followed.

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The changes in life are always unexpected. This blogger, who was once a loyal believer in Bitcoin, lost 7,500 bitcoins in the turmoil of the market. Overnight, he went from rich to penniless, and his life fell into trouble.

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The risk of Bitcoin lies not only in the volatility of the market, but also in the mentality of investors. This blogger was once dazzled by wealth and eventually paid a heavy price. The loss of 7,500 bitcoins made him deeply realize the impermanence of investment and made him understand the risks hidden behind it.

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In this world of digital currency, the winner is the king, and the loser pays a painful price. This blogger lost 7,500 bitcoins and also lost his former confidence and stability. Bitcoin ruined his life and also sounded the alarm for us, reminding us to be cautious when investing and not to be greedy and reckless.

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The halo of Bitcoin may be dazzling, but the risks behind it cannot be ignored. The experience of this blogger shows us the other side of investment and makes us reflect on our investment attitude. The loss of 7,500 Bitcoins is a painful lesson and a profound reflection on investment philosophy.

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Bitcoin, this fascinating investment field, has infinite charm, but it also hides endless risks. The blogger's self-narration gives us a vivid investment lesson. The loss of 7,500 Bitcoins is not only a failure of investment, but also a painful lesson of life. Let us learn from it, cherish everything in front of us, treat investment rationally, and avoid repeating his mistakes.

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Bitcoin, like a dazzling star, illuminates the dreams and reality of investors. However, behind dreams is often a cruel reality. The loss of 7,500 Bitcoins for this blogger put him in trouble and also made us see the impermanence and cruelty of investment. Let us learn lessons from his experience, cherish the present, invest rationally, stay away from speculation, and protect our wealth and life.

How much does an ordinary computer hard drive cost? It's probably a price that you won't feel bad about losing. But a hard drive with 7,500 bitcoins is different. When the price of BTC reached its peak, it was worth more than 100 million US dollars.

Today, this hard drive that was once worth hundreds of millions of dollars should still be lying in a garbage dump; and its owner is still upset about his carelessness at the time. James
Howells, an IT engineer from Newport, UK, is the protagonist who missed the billionaire; he started mining in 2009 and mined a total of 7,500 bitcoins in the four years of running Bitcoin nodes.

At that time, in order to store these bitcoins well, James later sold his computer parts on eBay, and deliberately kept the hard drive with wallet files separately, hoping to sell it after it appreciated. But fate made him throw away the hard drive as garbage during a year-end cleaning in 2013. When the price of Bitcoin soared in 2017, James thought of these BTCs again, only to find that the hard drive containing the huge assets had disappeared.

James Howells who lost 7,500 BTC (Photo source: Internet)

James, unwilling to give up, even wanted to initiate a plan to dig the city's landfill to try to find the hard drive that made him unable to let go. But this is not a simple project. "Digging a modern landfill is a complex project. During the excavation, there will be various environmental problems, such as dangerous gas leaks or potential fire risks, etc." In general, this is a large, expensive and high-risk project.

As expected, the Newport City Council did not agree to James' application; but even if it agreed, looking for a hard drive in a garbage dump that had been buried for three years was like looking for a needle in a haystack, and the hard drive might have been broken long ago after coexisting with toxic waste for a long time and under heavy pressure. Perhaps to make up for the regret in his heart, James later devoted himself to the field of cryptocurrency; not only did he support the development of Bitcoin Cash, but he also led a device development team, hoping to vigorously promote the implementation of cryptocurrency payments.

Screenshot from: Reddit

However, we mentioned in "How Many Bitcoins Were Sucked Away by the "Black Hole"? | The Secret History of Bitcoin" that there are countless experiences of losing Bitcoins due to various strange reasons; not only James, but also Gizmodo editor Campbell
Simpson, Reddit netizen Rengade, Bitcointalk user Stone
Man, etc. are also among the unlucky ones. However, Rengade is not as optimistic as James. After losing his Bitcoin, he posted a post on Reddit titled "Bitcoin Ruined My Life" to express his depression.

"I never thought I would become a millionaire, and I didn't want to... But damn, the 20 euros I spent in 2010 actually affected my life so much. From that day (I found out that the Bitcoin was lost), I regretted and repented every minute of my life. I could have used that money to change myself and help my family and friends. Now I can't sleep at night, as if I have lost my life goal. I am seeking help from psychologists... But none of them can help." It is worth mentioning that this is a post posted by Rengade in 2014; if he found that the price of Bitcoin rose higher later, it might be even more heartbreaking.

Under this post, many netizens comforted Rengade and tried to help him forget the pain. "Think about it, if Bitcoin is now zero, will it affect your current life? Overcome it, work hard, and recover slowly, anyway, most people do this," commented an anonymous netizen. Although this is true, it seems difficult to convince yourself to let go of such a considerable asset if you think about it from another perspective.

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