An investor holding over 620,000 ETH has successfully broken even! On December 29, the day of the big drop, this person decisively added more than 46,000 tokens, raising the average cost of the entire position to over $3,100. As a result, this move really saved him—what was once an unrealized loss of up to $110 million has now been completely turned around, just hitting the breakeven point. This is the legendary art of averaging down; daring to act at critical moments and now able to smile. However, such operations also carry real risks, requiring sufficient capital and mental resilience.
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NullWhisperer
· 01-06 13:32
technically speaking, this is just survivor bias with extra steps. dude got lucky on timing, sure, but let's dissect what actually happened here—he had the capital to average down 46k eth when most people were liquidating. interesting edge case, but not exactly replicable for 99% of us. the real vulnerability? thinking you can catch the knife twice.
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NFTArchaeologis
· 01-06 13:27
This guy's timing for adding to his position... indeed hit a certain historical milestone. But I'm more concerned about the narrative of "averaging down"—essentially betting that the subsequent gains will cover the risks. It's no different from the all-in logic of early digital art market creators; the only difference is scale. True value investing should be based on confidence in the fundamentals, not gambling on whether you can hit the right timing.
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RadioShackKnight
· 01-06 05:12
This guy is really bold. Still daring to top up 620,000 ETH? How much USDT must be lying in the account... The average price of 3100 is incredible. I’m honestly kneeling.
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faded_wojak.eth
· 01-05 11:09
Replenishing positions really depends on talent; not everyone can hold steady without trembling on a big drop day... This guy's guts are incredible.
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UnluckyValidator
· 01-03 14:52
That wave of decline at the end of December, hardly anyone dared to catch it. This guy directly threw in over 40,000... How crazy is that, how wealthy must he be?
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TokenomicsDetective
· 01-03 14:48
This guy really dares to go all-in at critical moments. He turned a floating loss of 110 million back into profit—how big must his heart be to add so much...
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LowCapGemHunter
· 01-03 14:45
This guy is really bold. He still dares to add 46,000 ETH to his position with 620,000 ETH... But to be fair, he did make the right bet. The average price of 3100 now looks like the bottom. I wish I had the capital and mindset to do the same.
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TradFiRefugee
· 01-03 14:36
Bro, your move is really impressive. Only tough guys dare to throw money at critical moments.
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GasFeeNightmare
· 01-03 14:35
Seeing these rebalancing stories late at night is really torture. If I had the mental strength to handle a 110 million floating loss, I wouldn't even be able to save on gas fees.
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CoconutWaterBoy
· 01-03 14:32
Bro, how strong is your mental resilience? Turning a floating loss of 110 million back to break-even is incredible. If it were me, I would have already lost sleep over it.
An investor holding over 620,000 ETH has successfully broken even! On December 29, the day of the big drop, this person decisively added more than 46,000 tokens, raising the average cost of the entire position to over $3,100. As a result, this move really saved him—what was once an unrealized loss of up to $110 million has now been completely turned around, just hitting the breakeven point. This is the legendary art of averaging down; daring to act at critical moments and now able to smile. However, such operations also carry real risks, requiring sufficient capital and mental resilience.