By the end of 2021, Tabi had 10 ETH in his wallets. Fast forward to August 2023, and he has less than 1 ETH remaining. How did that happen?
Tabi got into crypto in 2020. He started with $600. At some point in April 2021, his portfolio had an all-time high of over $16,000. Even when BTC topped in May of that year, he kept on trading, ignoring all the warnings:
- There was a clear shift in market structure
- The FED was hiking rates, which was bad for risk-on assets like crypto
- The stock market was experiencing huge sell off
Tabi believed that all of those didn't matter. He kept telling his friends that the gains from stocks would flow into crypto.
Well, it's been a long bear market, and Tabi has managed to retain 0.87 ETH in his wallet
Tabi's story is a warning example of what happens when we ignore the facts.
