The First Bitcoin Investors in Shenzhen: Selling 3 Properties to Buy In, Once Losing Nearly 10 Million

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The quest to uncover Shenzhen’s first Bitcoin pioneers is nothing short of a surreal adventure.

After posting a call for leads on social media, several long-lost connections emerged with intriguing referrals—friends or classmates who’d struck gold by investing early in Bitcoin, morphing into elusive millionaires. Predictably, these veterans declined interviews.

But persistence paid off: a pseudonymous insider dubbed "Wu Ming" (name altered per request) agreed to a call. His insights? Priceless—though cautiously shared. Meanwhile, a younger investor, Wan Sheng, met in person.

The Rise, Fall, and Resurgence of Bitcoin

Both Wu Ming and Wan Sheng now view Bitcoin as an asset class and inflation hedge. Wu Ming likens its current phase to adolescence: "It’ll mature through youth, prime, and peak—ample growth ahead." Wan Sheng ties its cycles to global economics—"Three-year waves: 2013, 2017, 2021." Wu Ming frames it grander: "Currency trends, societal shifts—all pivotal."

Few mention Bitcoin’s original "digital cash" purpose. Wan Sheng doubts its mainstream adoption—"Too volatile for daily use, but viable as stored value." Critics argue: without mass utility, Bitcoin’s worth could implode.

Lessons from the Trenches

In 2017, Wan Sheng cashed out most holdings to fund a startup—still profiting handsomely. "Old phones sometimes hide forgotten coins worth thousands." Lately, he’s scaled back: "Prices are steep. Newcomers risk steep losses." Wu Ming holds long-term, eyeing peaks like "$10M per coin? Depends on your vision."

For such investors, timing exits trumps guessing bottoms.


FAQ Section

Q: Is Bitcoin still a good investment?
A: High risk/reward. Experts suggest dollar-cost averaging over speculation.

Q: Could Bitcoin replace traditional money?
A: Unlikely due to volatility, but institutional adoption grows as a "digital gold."

Q: What’s the safest way to store Bitcoin?
A: Use hardware wallets like Ledger or Trezor for offline security.


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