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hello 👋
#sui
From the self-narrative of a bankrupt Whale, hopefully it will help you
How to turn $500 into $100 million? Let me tell you.
In March last year, inscription emerged, ordi went All in with 5 cards at $100 each, and closed all positions when it reached $5,000.
In June, Ether inscription eths appeared, bought 100 at $80, and close all positions at $5000.
3, when the BTC inscription sats reached 80%, I went All in with $500,000 and sold for $3,000,000.
⛽️ At this point, some people can withdraw from the circle, but I haven't, because I have my eye on another target, which is SUI.
4, in November last year, I leveraged 5 times to enter with $2.5 million. I bought a trap house in Wuhan with $200,000. I forgot how I spent the remaining money. In March of this year, I basically closed all positions and only left a bottom position. At this time, my assets were $10 million.
5, I have been waiting for the opportunity to get on board SUI again, I am very optimistic about it, now as well
6, the opportunity finally came. This year, when SUI was at 0.5, I went all in and bought Spot. Then I just left it in the stake lending platform.
When Grayscale wants to buy SUI, I start borrowing from the stake platform, then buy SUI, deposit it again, and then borrow to buy again. It's such a cycle of borrowing and lending. The funds have reached 1 billion US dollars.
The reason for being Get Liquidated is that my loan-to-value ratio was too high. When SUI dropped to 2.99, my loan-to-value ratio reached 75% and was liquidated.
Should the story end here? No, my mentality is still good, the crypto world is not lacking opportunities, let's just take it as a lesson learned, an expensive lesson.
This will sui pump up again, and I'm really crying to death 😭
thanks 🙏