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?
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 Therefore, all the gains made are automatically withdrawn to be reinvested or used for other purposes.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.
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