#比特币对比代币化黄金 Recently, a tough player has emerged in the community, nicknamed "Old Demon."

He made ten million dollars in a bear market. Most people would just sigh and say "impressive" after hearing this.

But what you might not know is that—from May to July this year, he was losing money for two consecutive months. An average person would have deleted the app long ago.
During big drops, he dares to go heavy short, and when the price surges, he goes heavy long just the same. When floating in profit, he keeps adding to his position, and even after five or six consecutive stop losses of hundreds of thousands of dollars each, he still goes all in on the next trade. Could you do that?

On the 25th, he shorted BTC with $88,000. He had up to $700,000 in unrealized profit but didn’t close the position. Just a few days ago, he was only a few hundred dollars away from being liquidated for $1 million, yet he still held on without moving.
How many people could handle that kind of mentality?

Looking back at his earliest strategy when he wasn’t making a profit: once he identified a direction, he went all in and withstood 80%-90% unrealized losses. Stopped out? He recharged, immediately reversed position, and withstood another 80% loss, until the direction was fully confirmed. When he got it right, he held to the end, withdrew his profits, and left.
$ETH