Today I will tell you a story "Thinking Carefully"
In 2022, a college student made 1.75 million dollars by shorting Luna. There are three key points in this story.
First: To make 1.75 million USDT by shorting, do you know how much principal is needed? First of all, shorting is not as good as longing, and the margin will be reduced accordingly. From the so-called profitable account data at that time, if you need to make a profit of 1.75 million USDT, you need 30,000 USDT, because the decline exceeds 60%, there is basically no position-equivalent profit, and the profit will become smaller and smaller. On the contrary, the profit of longing will become larger and larger, because your margin will rise according to the currency price, so basically the decline exceeds 60%, and the 0.0000 behind is meaningless.
Second: On that day, the currency circle users became very inactive due to the collapse of Luna, and even the daily activity became less and less, but due to the outbreak of this news, the number of registrations on a certain trading platform reached 30,000 on that day, and these 30,000 users were all new members.
Third: A college student's profit from shorting Luna was directly transferred to a cold wallet instead of cashing it out. The earliest transaction in the cold wallet address was in 2014, and it was a transfer of 200,000 USDT. The idea is that "this college student already held millions of virtual currencies 8 years ago."
What can we see from this incident?
A: After the leek crash, although user activity decreased, a large number of new users poured into the market due to the fermentation of a piece of news.
Everyone should use their brains more, many things are not what they seem...
The above content is provided by Golden Turtle Investors for reference only.
