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 At 5 pm on May 10, 2021, a topic called "shib surges" became a hot search on Weibo. In this hot search, I witnessed a carnival of wealth creation with the participation of all the people. Many netizens posted screenshots of their profits from SHIB, which ranged from 100 yuan to 10,000 yuan. You can feel the blue news filling the screen.  If you open their social media accounts, you will find that most of them are young people who have just joined the workforce. For them, yesterday was a refreshing day, because not long ago, they had just received green money from a fund with heavy positions in liquor and medicine. When the liquor sector evaporated by trillions, when the first pot of gold from a part-time job was lost, the young people had not yet learned how to heal their injuries, so they bought some digital cryptocurrency with their pocket money with the mentality of giving it a try. Unexpectedly, after going online last night, they actually made money.  Many people even doubt that this kind of currency is not a product of the earthly world, because they have tried hard to make money, but they have failed every time. But this time, it is so effortless, which is really unbelievable. There are many netizens with this mentality. Young people who have tasted the sweetness of investing and making money for the first time cannot restrain themselves from announcing their good mood to the world on social networks. At the same time, a large number of bankers with high purchase volume are enjoying the joy of making a fortune silently.  According to incomplete statistics, under the hot search "shib surge" alone, the total purchase volume of bloggers who announced their profits exceeded 168 billion coins. If you include other hot searches and public purchases on other platforms, this number is beyond imagination. If funds have reduced everyone’s living standards to those of school days, then this digital cryptocurrency has made everyone feel the pleasure of borrowing the maximum amount of Huabei without having to pay it back overnight. Everyone jumped in and bought so much at once, mainly because this cryptocurrency was so cheap. You can buy tens of thousands of coins for 10 yuan, and with just a few taxi rides, you can earn a month's living expenses, which is very attractive to everyone. If you then connect the two hot searches for "shib surge", you will be able to understand what is the most popular investment method at the moment.  “The largest oil product pipeline operator in the United States was forced to shut down its key fuel network supplying oil to states along the eastern seaboard of the United States due to a ransomware attack, causing a sudden increase in product oil prices and affecting the futures financial market. ” “The digital cryptocurrency trading platform Binance (the trading platform that issued SHIB) suddenly announced that it has suspended all withdrawal activities. It is most likely that the system crashed due to the sharp increase in traffic due to the launch of SHIB. ” In the eyes of young people, there is great uncertainty in traditional financial transaction methods, and digital cryptocurrency based on blockchain technology seems to be a more maneuverable and stable financial management method.  The full name of SHIB is "SHIBA INU", also called Shiba Inu Coin or Shiba Coin. It was born in August 2020. The issuance volume is planned to be 1,000 trillion. Currently, there are nearly 400 trillion coins in circulation in the market, and another 500 trillion coins are sent to the "wallet" of Ethereum founder V God for destruction. From a literal point of view, Zimbabwe's largest currency and the world bank's 100 million and billions of coins will not be like this. But as of May 10, 2021, Shiba Inu Coin soared nearly 1,300% in one day, more than 11,000 times in a year, 300 times in a month, and 9 times in a week. In Hupu and Baidu Tieba, there were many people who were surprised at first and then secretly delighted. Everyone bought millions of SHIBs with the money of a pack of cigarettes, but they completed the most successful investment in their lives. After buying the coins, I uninstalled the trading software and disconnected from the Internet, imagining that one year later I would become the grandma who accidentally discovered that there was a huge sum of money in the stock account.  2.6 million pieces cost only 52 yuan  Ten million pieces cost about 300 yuan A practitioner in the currency circle named "Bitcoin Brother Xu" once commented on this phenomenon: "I once thought that the market value of old coins was only small, and after so many years of surviving, it was bound to explode. These new coins are so virtuous and capable that they become new favorites when they come up. But I overlooked one factor, new players and new markets. After joining several shib groups, I found that they were all born in 1995 and 2000. They hoard shib just to buy a hope. The traditional market tells me that the house retains its value, but I can’t afford it ； People who have made money in the currency circle tell me that Bitcoin maintains its value, but I can’t afford it either. The post-95s and post-00s generation have strong personalities and are unconstrained. You insist on setting rules for me, then why don’t I make them myself. So a revolution initiated by new players against old players was launched. ”  SHIB is not different from Bitcoin. It is similar to Dogecoin, which was launched to the moon by Musk. It is a counterfeit virtual currency. Even the code of Dogecoin is a direct copy of Bitcoin, and then the avatar is replaced by a dog head. It is a social experiment by the inventor to deconstruct and ridicule virtual currency. However, it was later regarded as a guideline by countless currency speculators and became a wealth-adding tool for elites in Silicon Valley and Wall Street. Today, counterfeit virtual currencies are full of human childishness. Judging from the names, there are not only Dogecoin and Shiba Inu Coin, but also Akita Inu Coin, Pig Coin, Future Coin, Infinite Coin, Sunshine Coin, Apple Coin, and thousands more. Not all of them can be favored by the market. The essence of these counterfeit virtual currencies is that they have no value. They do not have investment and value anchors. The output method is not like Ethereum's complex algorithmic calculations, which require mining. The issuance of altcoins, which is often tens of trillions, is spam. The funds cannot be traced, there are no transaction restrictions, there is no supervision, and T+0 real-time transactions are all gambling in nature. On social networks, things are not all good. People experience the volatility in the roller coaster ride of rapid rises and falls.    The crises behind them are also coming one after another. At present, there are more and more "altcoin" pyramid schemes under the banner of virtual currencies. In 2017 alone, among a batch of major cases investigated and dealt with by local public security agencies in accordance with the law, 107 currencies were involved, and the amount involved usually exceeded 100 million yuan. In the Asia-Europe Coin pyramid scheme cracked by the police in Haikou, Hainan, using "the country's first legal encrypted virtual digital currency" as bait and the price of a 5-cent purchase that increased five times in less than a year as bait, the Asia-Europe Coin attracted more than 40,000 participants and absorbed more than 4 billion yuan in just one year.  In the entire wealth-making myth, the prerequisite for keeping the roulette wheel spinning is the uninterrupted inflow of funds. To make the market value of tokens continue to rise, additional bullish events are needed. Celebrity endorsements have become the wealth code for the appreciation of virtual currencies. Musk has successively "endorsed" Bitcoin, Dogecoin, and Shiba Inu Coin. Every time he tells a story, he can bring about visible wealth growth. On May 7, Musk tweeted on his personal social account that he wanted to keep a Shiba as a pet.  Immediately afterwards, SHIBA's operations team replied in the comment area, "Musk actually wants SHIBA coins to skyrocket. He has a bad habit of not speaking directly. ” The Shiba Inu coin then rose wildly. Overseas, there has even been a mysterious discipline dedicated to predicting Musk. Its main purpose is to calculate what type of virtual currency Musk prefers and prepare for investors to enter the market in advance. Judging from the current research results, Musk likes dogs the most, followed by pigs, and seems not to like fruits or plants very much. On May 10, Musk admitted in a show that Dogecoin was a scam, causing Dogecoin to plummet by more than 40%, almost halving.  Overseas institutions or investors who own a large number of tokens are themselves a community of interests. Virtual currency is just another form of financial tool. They not only go long and release good news, but also go short and release bad news. There are countless hedge funds and venture capital investments about virtual currency. Different from ordinary retail investors who follow the trend, these overseas institutions or investors have the "franchised access rights" to sing long or short. In short, they have the "actual pricing power" on the market value of tokens, and they make money whether they rise or fall. Not long before Musk appeared on the show, the founder of Grayscale announced to the public that his investment team had shorted Dogecoin. But what is puzzling is that the market did not run but entered instead, but what everyone thought was bargain hunting was actually paraplegia at a high level. The reality is that a large number of retail investors have been buying the bottom, which has hindered institutions from crashing the market, causing the data on the electronic screen to appear strange. The main purpose of this plunge is to explode contracts. The response plan prepared by American exchanges is a traditional art - unplugging the network cable.  Until Musk personally left the show and went short in a relaxed manner, the market was wailing. At the same time, Bitcoin also fell below US$55,000 on the 10th and dropped to US$54,700, which was nearly US$4,000 lower than the highest point of the day. The sudden plunge of Bitcoin also caused heavy losses to many long-term traders. Judging from the liquidation data, 209,000 people liquidated their positions within 24 hours, and the entire network lost 11.7 billion yuan. When a person has influence that transcends the market and rules, he is no longer a human, but a god. He can jump repeatedly whether he is long or short without worrying about stretching his hips. And this influence is based on a technological myth. We often look to older wise men for the secrets of destiny, and we often look to technological pioneers to learn about the uncertainty of the future. But as a result, they are often fooled, and virtual currency does not have a higher moral standard than the Federal Reserve’s “super issuance”. Although the total amount of issuance is "limited", human greed is unlimited. The excitement of getting rich comes from superstition, and the comfort of disconnecting from the Internet is only self-deception. This article is reprinted with permission from Sensai Planet (ID: sensai2333). The original title is "Young people who got rich by buying altcoins at the bottom are being searched and disconnected from the Internet." 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