The incredible breakthrough of a trader, turned into a crypto whale in 5 months!
In the world of cryptocurrencies, smart and persistent investors are usually rewarded. However, there are a few rare exceptions to this principle. Sometimes, individuals manage to succeed by implementing a well-thought-out approach. Discover the success story of this new crypto whale.
From an average trader to a crypto whale…
For many investors, their journey in the crypto world is often marked by bitter failure, and sometimes even complete ruin. Just like the investor who lost $2 million in the aftermath of the Silicon Valley Bank collapse.
Fortunately, not all crypto investors experience such stories. Nova, a crypto analyst, revealed on Saturday, May 27, the story of a trader who became a crypto whale in just 5 months of activity.
As a reminder, in the crypto world, a whale refers to a user who holds a colossal amount of a particular cryptocurrency, enough to influence its price.
Typically, whales are not individuals but rather legal entities such as institutions, companies, or investment funds.
What intrigued Nova about this trader-turned-whale is the fact that he is an average individual. Yes, he is a trader, but just an ordinary one who ventured into cryptocurrencies only in January 2023.
At first glance, he had no experience that could justify such a remarkable change in status. So, how can we reasonably explain this transformation within such a short period?
Thanks to a relevant strategy
According to Nova, this operational success is far from accidental. Nova claims that it is the result of remarkable strategic intelligence. The analysis of the trader’s transactions, identified under the wallet address 0x*************121F760e, is quite revealing.
The first thing that stands out, according to Nova, is that all the investments he made have been profitable. It’s not that he hasn’t experienced failures. However, as the analyst explains, his failures are well managed.
The second point that Nova highlights is that the trader strictly follows a simple principle: never hold cryptocurrencies in the long term. Therefore, all the gains made are automatically withdrawn to be reinvested or used for other purposes.
Thus, thanks to this profit management strategy, our trader was able to earn over $400,000 in four days! This is remarkable considering his initial investment was only $35,000. Currently, his wallet is worth approximately $578,345, with only $12,000 in losses.
“There are plenty of whales in the market, but not all of them are necessarily good traders. A rich person can fill his crypto portfolio, revealing a huge balance but still be a terrible trader,” concludes Nova.
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Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.