Although complex trading strategies can generate significant profits for investors, a recent example from an Ether whale demonstrates that a straightforward buy-and-hold approach can also deliver impressive results.
traded at around $5 per token. Back then, an investor bought 16,636 ETH on the crypto exchange ShapeShift. Chinese crypto data account EmberCN said the tokens were acquired at $5.23 per token, putting the total cost at $87,006.
The blockchain analytics account said that after holding for over eight years, the account started selling some of its holdings. On Sept. 16, the trader sold 350 ETH at $2,340 per token, putting its initial gain at $819,000, almost 10 times more than the capital.
The trader still has over $38 million in ETH after the sale.
Read more: cointelegraph.com
Source: CRYPTO WORLD NETWORK NEWS
