A True Bagholder
On January 6, trader FvaBFc splurged US$24,000 to buy 2.87 million AURA tokens. At that time, AURA was an unpopular altcoin, but it had potential. His beautiful dream quickly turned into a thick fog. The price of AURA plummeted drastically, losing more than 90% of its value. Within weeks, the value of his investment was nearly zero.
That story could have ended there. However, instead of selling at a loss, the trader remained loyal to holding his tokens. He waited in silence while the market turned its back on him. There was no price rebound, nor hype. Only silence and a position submerged in the red zone. This is what is known as bagholding—there's nothing glamorous about the condition, except when the winds change direction.
Five months later, a miracle happened. The price of AURA suddenly skyrocketed, surging 35 times in just a few hours. FvaBFc didn't miss the opportunity. He then sold all his tokens at the right time and pocketed US$128,000. This means he made a net profit of US$104,000 from a position that was once deemed impossible to survive.