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Man Cries For Losing Chance To Make $12 Million

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By Aggregated - see source on April 3, 2024 Altcoin
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The cryptocurrency market is full of surprises as investors can either go to the moon or crash badly on Earth. No shoe size fits all, while some make $1 million with the same investment, the others make $0. The secret sauce to making money in the cryptocurrency market is yet to be cracked as luck, fortune, and timing play an important role.

Also Read: After BRICS, 3 New Countries Ready To Launch Own Currency

Luck, fortune, and timing are the cornerstones of meme cryptocurrencies that can make or break an investor’s dream. One such dream was shattered as an early investor got the clear-cut opportunity to make $12 million but missed it on a whisker.

Cryptocurrency: Instead of Earning $12 Million, Man Makes $7,000

Source: Twitter

The meme cryptocurrency DogWifHat (WIF) was launched in December 2023 at a modest price of $0.004. An investor purchased DogWifHat cryptocurrency worth $5,000 and got to accumulate 1,250,000 (1.25 million) WIF tokens in December 2023.

Also Read: 3 U.S. Sectors To Be Affected If BRICS Ditches the Dollar

Just when DogWifHat started to rally, the investors’ portfolio turned from $5,000 to $7,000 in a week. The investor thought that the $2,000 profit was a “genius” move and pulled the plug by selling all his DogWifHat cryptocurrency.

To his surprise, WIF deleted all its zeroes from January to April 2024 and touched an all-time high of $4.83 in March. If the investor had held on to WIF for just three months, his $5,000 investment could have turned into $12 million. All these life-changing profits would have been attained in less than 100 days of investment.

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Furious about not making millions, the investor then put in $100,000 in other cryptocurrencies and squandered all of it. He revealed his confessions anonymously on Coinfessions Twitter page providing other investors a lesson about holding on for the long term.

I put $5k into WIF, sold for $7k thinking I was a genius. My bag would be worth $12 million + right now. I lost over $100k trying find the next WIF. I am ruined.

— Coinfessions (@coinfessions) March 27, 2024

Also Read: Cryptocurrency: 3 Coins Can Double in Price in April 2024

“I put $5,000 into WIF (DogWifHat), sold for $7,000 thinking I was a genius. My bag would be worth $12 million right now. I lost over $100,000 trying find the next WIF. I am ruined,” he said.



Credit: Source link

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