Chang Jia: Regretting Bitcoin Advice on Zhihu 7 Years Ago

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In December 2011, a college student sought financial advice on Zhihu: "I have 6,000 RMB. What’s the best investment?" That same day, Chang Jia (founder of 8btc) replied: "Buy Bitcoin. Secure your wallet file. Forget about the 6,000 RMB. Check back in five years."

From 2011 to 2018, Bitcoin soared from $3 to nearly $19,000. Had that student followed Chang Jia’s advice, their 6,000 RMB could have grown into millions.


The Engineer Who Championed Bitcoin

Early Days and Pseudonyms

Chang Jia, born Liu Zhipeng, worked as a geological engineer in Guangxi while writing sci-fi under his pen name (inspired by Li Sao). His online alias "blockchain" later became synonymous with the technology itself.

Despite his foresight, Liu continued his day job until 2013, earning an engineering certification.


The First Wave of Bitcoin Believers

Zhang Ming’s Windfall

In 2012, a college student invested 3,000 RMB (his New Year money) at $5/Bitcoin after discovering Chang Jia’s Twitter account (@HeiHuZiBitcoin). By graduation, his returns covered tuition and then some—eventually reaching millions.

Key Insight: Early adopters like Zhang Ming profited not from luck, but from acting on research.


Chang Jia’s Pivot from Sci-Fi to Crypto

Founding 8btc

In 2011, Chang Jia launched China’s first blockchain forum, 8btc, translating global crypto news. A pivotal moment:

"A stranger donated 0.168 BTC and urged me to buy a domain. That stranger? Wu Jihan."
—Later founder of Bitmain.

By 2014, Chang Jia left geology to focus on crypto advocacy—abandoning sci-fi for what he called "a real-life technological revolution."


Regrets and Reflections

The Burden of Viral Advice

His Warning:

"Relying on random online advice for wealth? That’s not laziness—it’s foolishness."

FAQs

Q: Did anyone else profit from Chang Jia’s advice?
A: While verifiable cases are scarce, Zhang Ming’s story highlights how early education in crypto could yield life-changing returns.

Q: Why did Chang Jia stop recommending Bitcoin?
A: To avoid fueling short-term speculation over long-term technological adoption.

Q: What’s the lesson here?
A: 👉 Invest in knowledge first—opportunities follow.


Final Thoughts

Chang Jia’s journey—from sci-fi writer to Bitcoin pioneer—mirrors crypto’s own evolution from obscurity to mainstream debate. His story underscores a critical lesson:

"The biggest investment is always in your own understanding."

👉 Explore blockchain’s potential today.


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