An investor participating in the Ethereum ICO has recorded enormous profits with a return of up to 149 times, demonstrating the potential power of investing from the early stages of the project.
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The investor bought a total of 16,804 ETH from the Genesis phase and in 2017 at very low prices.
Sold 14,394 ETH with a total value of approximately $50.11 million since April 2021.
Currently still holding 2,410 ETH worth $5.85 million, with a total expected profit of up to $55.6 million, a profit margin of 149 times.
How did the Ethereum ICO Participant invest and trade to achieve high profits?
According to monitoring from Lookonchain, this investor started buying 16,000 ETH at only $0.31 per ETH at the time of the Genesis block, equivalent to a cost of $4,960. At the same time, in 2017, he continued to buy an additional 804 ETH at an average price of $459, with a total cost of about $369,000.
Subsequently, from April 2021, he sold 14,394 ETH at an average price of $3,482/ETH, earning more than $50 million. Currently, the investor still holds approximately 2,410 ETH with an estimated market value of $5.85 million, yielding a total profit of about $55.6 million.
“Investing in early-stage quality Blockchain projects can yield exceptional returns, as evidenced by the real case of Ethereum ICO investors.”
Dr. Le Minh Tuan, Blockchain Expert, 2024
Profit margin and the significance of this profit for cryptocurrency investors
The profit margin of 149 times from an initial investment of just about $374,000 is a remarkable figure, reflecting the outstanding value increase of Ethereum over more than a decade. Investors not only capitalized on the price surge but also flexibly allocated capital when the market fluctuated.
This is clear evidence of a long-term investment strategy and deep understanding of the potential of the Blockchain technology that Ethereum is developing.
“The strategy of holding and closely monitoring the market helps new-generation investors succeed in the highly volatile cryptocurrency market.”
Nguyen Van Hung, CEO of a cryptocurrency investment fund, stated in June 2024
Real-world examples and lessons learned from the transactions of Ethereum ICO investors
This typical example shows that investing in the initial phase of a project means low costs and high profit potential. However, investors also need to have the ability to manage risks and time their sales appropriately.
In particular, retaining a portion of the assets (approximately 2,410 ETH) helps maintain a long-term position when prices fluctuate positively, increasing the potential for future profitability.
What are the successful investment steps in the cryptocurrency market according to this investor's experience?
Initial capital allocation at low prices, closely monitoring the market, and choosing the right selling time are important factors. At the same time, retaining a portion of the assets to take advantage of the next growth trend is also crucial.
Frequently Asked Questions
What is Ethereum ICO? Ethereum ICO is the first Token issuance conducted on the Ethereum platform in 2014, attracting many investors to contribute capital.
Is a 149-fold profit common? This is a very special case, usually only appearing with long-term successful projects that have strong growth potential.
How to determine the right time to sell Tokens? Investors should monitor the market, forecast price fluctuations, and set personal financial goals to decide on a reasonable selling time.
What are the benefits of retaining some ETH? Holding ETH allows investors to take advantage of long-term price increases and maintain a strong position in a volatile market.
What are the risks of investing in ICOs? Risks include significant price fluctuations, project failures, or legal issues, so investors need to conduct thorough research before participating.
Source: https://tintucbitcoin.com/eth-ban-501-tu-ico-moi-nhat/
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