Written by: Nicky, Foresight News
Welcome back to Spicy Commentary, where we review the week's notorious scenes in the crypto world involving 'stubborn talk, romance scams, and shaky hands'.
This week features three stories: 'A Big Shot's Stubborn Talk, An Old Lady's Romance Scam, and a Trader's Tearful Tale of Turning 40 Million in Profit to Dust'.
Michael Saylor: I Said 'You' Shouldn't Sell, Of Course the Company Can Sell
MicroStrategy founder Michael Saylor recently addressed the controversy over 'the company selling Bitcoin' at BTC Prague.
He said: 'I never said the company can't sell Bitcoin. What I said to you was: never sell your own Bitcoin. Anyone who has listened to our earnings calls, read the disclosure documents, or has half a brain knows that. Of course, the company will sell Bitcoin when necessary.'
Netizens' Spicy Comments:
'So the fine print behind 'never sell' is — refers to retail investors.'
I can, but you can't 😅.
Some netizens dug up old videos proving he had repeatedly said the company would never sell Bitcoin.
Dog🐶 and bee🐝?
Now it seems to have become a double-edged sword.
It's become brainwashing propaganda 😭.
So 'I' will hold until after MicroStrategy sells, right 🥺.
So will everyone's combined holdings exceed 845,000 coins?
Hold until the end of time!
This clarification is the pinnacle of linguistic art: I said 'you' shouldn't sell, I didn't say 'I' wouldn't sell.
Sixty-Year-Old Aunt Impersonates the 'Goddaughter' of a 20-Year-Old Senior Official, Scams Young Man Out of Over 200,000 RMB in Online Romance, Loses It All on 10x Leverage Crypto Trading
On June 5th, Beijing's Haidian District Procuratorate announced a bizarre case.
A sixty-year-old Ms. Meng, after retirement, became obsessed with cryptocurrencies. She dreamed of getting rich quick but was unwilling to risk her own pension money. So she hatched a devious plan: 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. Ms. Meng lied, saying she had a 20-something 'goddaughter' named Xiao Hong who worked for a central ministry, gentle and respectable. In reality, 'Xiao Hong' was an alter ego she created using another WeChat account. She changed her profile picture to a young woman and imitated a girl's tone of voice, starting an online romance with the young man.
The young man repeatedly asked to meet, but was always put off with excuses like 'work is busy, discipline is strict.' He had never seen 'Xiao Hong,' but had met Ms. Meng in person, always considering her a kind-hearted 'godmother.'
As their 'relationship' warmed up, Ms. Meng, using reasons like 'family illness, studying abroad,' swindled over 200,000 RMB from the young man. He gave her all his savings and even borrowed money.
The young man finally sensed something was off: her chat vocabulary was old-fashioned, and the 'photos from abroad' had a backdrop of a domestic KTV. He reported the case.
When apprehended, Ms. Meng tried to argue it was a 'loan,' but with solid evidence, she eventually confessed. All the over 200,000 RMB she swindled went into cryptocurrency, with 10x leverage, all in one go. The result: the market crashed, she got liquidated, and everything turned to zero.
Recently, Haidian Court sentenced Ms. Meng to four years in prison for fraud, fined her, and ordered her to compensate the victim for his losses.
Sixty is the prime of life for hustling!
The old grandma👵 is still ahead of the curve!
After scamming old men, now scamming young men🤯.
The young sister turned out to be a 60-year-old aunt🤪.
So, should people be bolder🤣.
'Forced wealth creation,' huh🫢.
The age seems just right too🫠.
There really could be a fall guy🤔!
Do you want to learn from the aunt?
Take bold risks while you're 'young'!
Gotta work harder💪!
From 45 Million to 17 Thousand, Ask Me Anything
On the Reddit CryptoCurrency subreddit, someone posted:
'Tale of a crypto trader'
With a caption stating: Peak net worth $45 million, now roughly $17,200 left. Ask me anything. This trader had grown his funds to a peak of $45 million through Memecoin holdings.
The comment section was instantly flooded with 'eager' netizens:
'Have you ever thought about if you had bought index funds back then...'
'Bro, you're still alive, right?'
The post sparked massive resonance and gawking, a veritable crypto version of Confessions.
Netizen's Spicy Comment: 'I allocated 20% of my portfolio to POOPCAT' , that's just crazy. (POPCAT is currently trading at $0.041, having peaked at $2 in November 2024.)
Netizen said, he just wanted $100 million? Poor guy. (Looks like he just needed to double, but fell into the abyss.)
Imagine taking profit at $4 million and then enjoying life.
Netizen's Spicy Comment: But those screenshots of unrealized profits are eternal😎.
Comment reply: Could mint it as an NFT.
A netizen commented, Holding Memecoins like they were gold, if he had cashed out then, with the low liquidity of Memecoins, maybe he'd only get 50% of the value. (But that's still $20 million!)
I don't see a trader, more like a gambling addict🤑.
A netizen shared his own story: I was heartbroken at the time for holding a token too long, went from $6000 profit down to $2000 before realizing disaster was coming. If he can still post after losing $45 million (not counting time and other immeasurable resource inputs), then I'm fine too.
When people say you should diversify, they don't mean buying a million dollars worth of Memecoins. Why not buy some gold, silver, stocks, etc.? It had to be Memecoins🤣. It's a real shame.
Interestingly, I also made a lot from WIF and BONK, both dog-related coins, but ever since the TRUMP coin launched, all coins have crashed.
From Saylor's 'word games,' to the aunt's '10x leverage scam,' to the Reddit bro's '$45 million to $17 thousand,' this week had someone playing rhetoric, someone playing psychology, and someone playing heart palpitations.
The world is one big amateur stage, but Spicy Commentary is here to help you clip these brilliant scenes together!
Wishing everyone a happy weekend, see you next week!
(This week's content is based on public information and online discussions, interpreted lightly, for reference only.)
Past Reviews: Spicy Commentary| Three Stories Tell You: In the Crypto World, The Harder You Try, The More 'Miserable' You Become
Spicy Commentary| The 'King of Retail' Got His Account Hacked by His Brother for 'Scamming'? AI 'Archaeological Discovery' Unearths Bitcoin...
Spicy Commentary| Coinbase Layoffs Hit a Vital Artery? Can You Take a Time-Traveling Car Back to Before You Bought...
