While it is always advisable to do adequate research before delving into any crypto project, it is equally wise to be well-informed about crypto market indices, price movements, and other variables to know the best time to sell off and when to hodl.
Knowing the right time to amass cryptocurrencies and being market-smart to sell at the appropriate time to maximize profits are peculiar entities that have always distinguished thriving crypto traders from unsuccessful ones.
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We shall see how these play out as we share the story of a Dubai investor who, after amassing 7.54 trillion SHIB tokens with just $4,000 during Shiba Inu’s early days, sold everything for the same amount out of fear.
It is worth noting that it was in the same period that another yet-to-be-identified SHIB billionaire purchased $8,000 worth of Shiba Inu holdings. This investor was resilient enough to see off the bear season and made a fortune out of his investment during the unprecedented rally in October 2021, which led to SHIB attaining an all-time high (ATH) of $0.00008616. We already reported this investor’s exploits in one of our previous reports.
What Really Went Down?
To be frank, the investor described to have sold out his 7.54 trillion Shiba Inu holdings did what most investors appeared to be doing then. It took so much courage for those who managed to hold on to their SHIB tokens to do so.
In its early days, Shiba Inu was envisaged as a mere shitcoin for traders seeking quick investment returns. It was never considered a prospect for long-term investment by many. This might explain the reason behind this investor’s hasty sale of his trillion units of SHIB holdings.
Read Also: How Shiba Inu Investor Missed Out On $1 Billion Gain After 67,000,000% SHIB Price Surge
Worth Of 7.54 Trillion SHIB At ATH And Current Price
While it could be said that this investor didn’t lose or gain from his $4,000 SHIB investment, it is also safe to say that he would have relatively been a crypto millionaire if he had held on a little longer.
On the attainment of SHIB’s ATH, the 7.54 trillion units of SHIB tokens would have been worth $649,646,400, a remarkable 16,241,060% increase. On the other hand, this investment would have been worth $54,288,000, a whopping 1,357,100% at SHIB’s $0.00000720 current price.
However, the investor confirmed that his crypto portfolio would have summed up to $70 million at SHIB’s current price, implying that there might be other unaccounted crypto holdings in the interview.
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