A damn lucky guy thanks to Dogecoin – You are not unaware that the Dogecointhis cryptocurrency created on a whim in 2013, was propelled to the forefront this week thanks to a Twitter logo change orchestrated by his boss, Elon Musk. In this context, a trader known under the pseudonym “Tree of Alpha” managed to make a profit of more than$1 million in only 30 minutes by trading DOGE. How did he do it? Here is the incredible story of this express transaction!
Is DogeCoin the faithful friend of traders?
When Tree of Alpha saw the new twitter logo sporting the famous dog Shiba Inu, effigy of the DOGE, he immediately understood that there was a opportunity to seize. He started buying dogecoins for a total amount of $8 million in three successive transactions. Its average purchase price was around $0.0815. It came out around $0.095, making a $1.1 million profit.
The person concerned has declared on social networks:
“This is actually my biggest trade of the year, by far (…) Trading takes a lot of patience, but eventually you’ll come across a handful of trades that you absolutely have to get right, like DOGE’s. Everything else is just preparation for these operations.”
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Cryptocurrencies and volatility: you have to have flair and be careful
Caution is in order here. This isn’t about mindlessly throwing you into a compulsive purchase of Dogecoin, especially since the provoked context by Elon Musk influences THE cryptocurrency price and makes it volatile.
Because intuition is not everything. This trader has closely followed the cryptocurrency news and the actions of Elon Musk, one of its main instigators. In fact, and knowing the volatility of cryptos, Tree of Alpha retired from the market within 30 minutes, fearful a reaction fromElon Musk and therefore, a reaction of the course of the DOGE.
There dogecoin rise was a real bargain for this trader, who managed to earn more than 1 million dollars in 30 minutes. However, it is important to remember that the cryptocurrency market stay volatile and sometimes risky. It requires great caution and a good dose of technical knowledge. Let’s not forget that some earn millions in half an hour, of course, but that others lose $42 million with just one click.
Your DOGE are of great value and deserve maximum protection! To sleep with peace of mind, equip yourself with a secure Ledger hardware wallet and receive up to $30 in BTC for the purchase of a Nano key. Your security is priceless (commercial link).