Saylor said MicroStrategy can sell coins, an elderly woman faked a love affair to cheat 200,000 on cryptocurrency, and a trader's position dropped from 45 million to 17,000.
Written by: Nicky, Foresight News
Welcome back to "Spicy Commentary," where we bring you the most "stubborn, romantic, and shaky-handed" moments in the crypto world every week.
This week, three events include "the tough talk of a big shot, the love scam of an elderly lady, and the tearful account of a trader who made 40 million."
Michael Saylor: What I mean is "you" don’t sell, the company can certainly sell
Michael Saylor, founder of MicroStrategy, recently responded to the controversy surrounding "the company selling Bitcoin" at BTC Prague.
He said, "I never said the company cannot sell Bitcoin. What I told you is: never sell your own Bitcoin. Anyone who has ever listened to our earnings calls, read our disclosure documents, or has a bit of common sense knows that the company will certainly sell Bitcoin when necessary."
Netizens spicy comment:
"So it turns out there’s fine print saying not to sell — referring to individual investors."
I can, but you can’t 😅.
Some netizens dug up old videos proving he has said multiple times that the company would never sell Bitcoin.
Dog🐶 and bee🐝?
It seems to have turned into a double-edged sword.
It's become brainwashing propaganda 😭.
So "I" kept holding until MicroStrategy sold, right? 🥺.
So everyone’s holdings would exceed 845,000 coins, right?
Hold until the end of time!
This clarification is a peak of linguistic art: What I said is "you" shouldn’t sell, I never said "I" wouldn’t sell.
An elderly woman impersonating a 20-year-old senior cadre's "goddaughter" scammed a young man out of over 200,000; ten times leverage in cryptocurrency trading led to liquidation
On June 5, the Haidian District Procuratorate of Beijing reported a ridiculous case.
A woman in her sixties, surnamed Meng, after retirement became obsessed with virtual currencies, wanting to get rich without spending her pension. Therefore, she devised a scheme: to gamble with someone else's money.
She met a mother on a short video platform, who was worried about finding a partner for her honest son. Meng falsely claimed to have a 20-something "goddaughter" named Xiaohong, who works in a central ministry, gentle and elegant. In fact, "Xiaohong" was a persona she created using another WeChat account. She changed to a young girl's profile picture and mimicked a youthful tone to pursue an online romance with the young man.
The young man repeatedly requested to meet but was declined under pretexts such as "busy with work, strict discipline." He had never met "Xiaohong," but had met Meng in reality and always regarded her as a caring "godmother."
As feelings heated up, Meng used excuses like "family illness, studying abroad" to defraud the young man of more than 200,000 yuan. The young man withdrew all his savings and borrowed money from various sources.
Eventually, the young man noticed inconsistencies: her choice of words in chat was outdated, and the "overseas lifestyle photos" were taken in domestic KTVs, leading him to report the case.
After being apprehended, Meng argued it was "borrowing," but the evidence was conclusive, and she ultimately confessed. The more than 200,000 she obtained was all invested in virtual currency, using ten times leverage, going all-in. As a result, the market crashed and her investment was liquidated .
Recently, the Haidian Court sentenced Meng to four years in prison for fraud, imposed a fine, and ordered her to repay the victim's losses.
60 years old is the prime of life!
The elderly lady👵 was too ahead of her time!
After the collapse of old men, now the collapse of young men🤯.
The little sister turned out to be a 60-year-old lady🤪.
So should people be bolder? 🤣.
"Coerced to get rich," huh? 🫢.
It seems the age is just right 🫠.
There is indeed a possibility of being an accomplice 🤔!
Are we trying to take the old lady as a mentor?
Take advantage of being "young" and boldly try!
Must add oil! 💪!
From 45 million to 17,000, Ask Me Anything
In the Reddit CryptoCurrency section, someone posted:
"Tale of a crypto trader"
Accompanied by a self-statement: at peak net worth of 45 million dollars, now roughly only 17,000 dollars. Ask me anything. This trader reached a height of 45 million dollars through holding Meme coins.
The comments section was instantly flooded with many "thirsty for knowledge" netizens:
"Have you thought about what if you had bought index funds back then...?"
"Bro, you’re still alive, right?"
The post resonated widely, akin to a crypto version of "Confessions."
Netizens spicy comment: "I allocated 20% of my portfolio to POOPCAT," this kind of talk is simply insane. (POPCAT is currently at 0.041 dollars, having reached 2 dollars in November 2024.)
A netizen said he just wanted 100 million dollars? Poor guy. (It seems doubling would have been achievable, but he fell into the abyss.)
Imagine if you had taken profit at 4 million dollars and then enjoyed life.
Netizens spicy comment: But those profit screenshots that weren't sold are eternal 😎.
Replies in the comments section: You could make them into NFTs.
Netizens said treating Meme coins like gold and not selling them, if he had run away then, due to Meme coins' low liquidity, he might only be able to get 50% of the value. (But that's still 20 million dollars!)
I didn't see a trader; more like a gambling addict 🤑.
A netizen recounted his experience: I was heartbroken for holding onto a token too long, profits fell from 6,000 dollars to 2,000 before I realized disaster was imminent. If he lost 45 million dollars (not counting the time and other immeasurable resource inputs) and continued to post, then I would be fine too.
When people say you should diversify your investments, it doesn't mean to buy a million dollars' worth of Meme coins. Why not buy some gold, silver, stocks, or similar? Just Meme coins 🤣. Really a pity.
Interestingly, I also made quite a bit from WIF and BONK, both dog-related coins, but since the launch of TRUMP coin, all coins have plummeted.
From Saylor's "word games," to the old lady's "ten times leverage scam," to the Reddit brother's "45 million turned to 17 thousand," this week sees some people playing verbal tricks, others playing psychological tricks, and some playing heart-stopping games.
The world is one big stage, but "Spicy Commentary" is here to help you piece together these exciting moments!
Wishing everyone a happy weekend; see you next week!
(This content is derived from public information and online discussions, for light reading and reference only.)
Past reviews:Spicy Commentary | Three stories tell you: In the crypto world, the harder you work, the more "tough" it gets
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