Today I saw a news story that made me feel both envious and anxious.
An ancient whale who held 10.6 years of Ethereum finally woke up. This person participated in the ICO back then, only spending $443 — buying 1,430 ETH. Today, looking at this asset, it has grown to $2.81 million. Calculating the return, it’s a 6,335x increase. The funniest part is, the first thing this big shot did after waking up was to try transferring 1 ETH to Gemini exchange to test the waters, but the transaction failed because he hadn’t operated in so long. That feeling of waking up and being free is just awesome. Looking at today’s market, it’s really a whirlwind of red and chaos. BTC dropped to over $68,000, down 2.43% in 24 hours; ETH is even worse, breaking below $2,000, struggling around $1,985, with a drop of over 4%. Although Brazil is working on Bitcoin strategic reserves, and Fidelity has issued a new stablecoin FIDD on Ethereum, these institutional good news haven’t been able to stop the market’s downward trend. The market is also strange — on one side, whales are waking up and institutions are entering, on the other side, retail investors are panicking and selling off. Watching that guy who slept for ten years and made millions of dollars, I suddenly think maybe the top strategy is to write the private key on paper and lose the paper for ten years.
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Today I saw a news story that made me feel both envious and anxious.
An ancient whale who held 10.6 years of Ethereum finally woke up.
This person participated in the ICO back then, only spending $443 — buying 1,430 ETH. Today, looking at this asset, it has grown to $2.81 million.
Calculating the return, it’s a 6,335x increase.
The funniest part is, the first thing this big shot did after waking up was to try transferring 1 ETH to Gemini exchange to test the waters, but the transaction failed because he hadn’t operated in so long. That feeling of waking up and being free is just awesome.
Looking at today’s market, it’s really a whirlwind of red and chaos.
BTC dropped to over $68,000, down 2.43% in 24 hours; ETH is even worse, breaking below $2,000, struggling around $1,985, with a drop of over 4%. Although Brazil is working on Bitcoin strategic reserves, and Fidelity has issued a new stablecoin FIDD on Ethereum, these institutional good news haven’t been able to stop the market’s downward trend.
The market is also strange — on one side, whales are waking up and institutions are entering, on the other side, retail investors are panicking and selling off.
Watching that guy who slept for ten years and made millions of dollars, I suddenly think maybe the top strategy is to write the private key on paper and lose the paper for ten years.