In mid-December 2023, a cryptocurrency investor made a significant bet by investing $5,000 in the newly launched meme coin DogWifHat (WIF), which at the time was trading at a modest $0.004. The digital currency, however, underwent a remarkable transformation this year, erasing all its zeroes and surpassing the $4 threshold.
Source: CoinGecko
Despite the promising surge, the investor’s journey did not turn him into a millionaire. Following the coin’s initial rally, the investor decided to sell his holdings in the meme coin for a $2,000 profit, walking away with $7,000.
This move, initially deemed “genius” by the investor, soon revealed its premature nature as the meme coin’s value soared, indicating a missed opportunity.
The rapid appreciation of DogWifHat’s value would have escalated the investor’s initial $5,000 investment to an astounding $12 million had he retained his stake.
Expressing regret over the decision, the investor shared his experience on the Coinfessions Twitter page, stating: “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,”
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
Crypto Trading Bot Comparision
Trading Bot | Key Features | Pricing Structure | Trial Period info to know | Our Rating | Learn More |
---|---|---|---|---|---|
Bots for short, Long, Futures on 15+ major exchanges 2FA, new traders tutorials, IP Whitelisting, Fast Connect | Monthly Subscription: | 7 days trial of the Highest Level Plan | 4 |
Save 50% on Annual Subs | |
Bots for short, Long, Futures on 15+ major exchanges 2FA, new traders tutorials, IP Whitelisting, Fast Connect | Monthly Subscription: | 7 days trial of the Highest Level Plan | 4 |
Save 50% on Annual Subs | |
Bots for short, Long, Futures on 15+ major exchanges 2FA, new traders tutorials, IP Whitelisting, Fast Connect | Monthly Subscription: | 7 days trial of the Highest Level Plan | 4 |
Save 50% on Annual Subs | |
Bots for short, Long, Futures on 15+ major exchanges 2FA, new traders tutorials, IP Whitelisting, Fast Connect | Monthly Subscription: | 7 days trial of the Highest Level Plan | 4 |
Save 50% on Annual Subs |
- SEC Files Final Redacted Remedies Brief Reply, Prominent Lawyers React
- Broader Crypto Market Expected to Surge Following Hamas Ceasefire Proposal to Israel
- Russians Sought Refuge in Tether (USDT) Amid Wagner Tussle
- Frankfurt Hosts Hotly-Anticipated Crypto Assets Conference 2023 Late March
- Frankfurt School of Finance & Management to Hold Crypto Assets Conference 2022 on April 4
- Building Secure Blockchain Systems: An Exclusive Interview with ARPA and Bella Protocol CEO Felix Xu
- Building The “De-Facto Crypto Trading Terminal”: An Exclusive Interview with Aurox CEO Giorgi Khazaradze
- Building a New Global Financial System: An Exclusive Interview With Tyler Wallace, Analytics Head at TrustToken
- “Solana is the Promised Land for Blockchain” — An Exclusive Interview with Solend Founder Rooter
- El Salvador: Where The Bitcoin Revolution Begins With A Legal Tender