Some smart guy converted $1000 to 1 million in one day with $BALD coin

[krishnaverma]

Addresses involved in this transaction :
0x95CabFF33049a0Ea34f26Ca3D797D1D818b46Fb7
0x5a608B8a56ABb71cd7D2cB68e656cA669Bc1E4B0
0x2Eb0a3591f0CAE962202E8A1F28931af8d6304c8
0x590D731Da879cc05BD15443d95949C6ceDE64CB3

Details of what and how they did it here
https://twitter.com/lookonchain/status/1685656638328557569

[1714678194]

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[Dave1]

Not just smart but you also need to be very lucky to make that happen. And it just shows that it can be done, but as I have said, it's the combination of being have the money and then extreme luck to find the project early and invest with your money.

So you have to risk that $1000 and believed that you can turn it to $1 million in one day.

How many of us is willing to take that risk?

[ryzaadit]

It's not smart.

It's called (Insider-Trading) he got early-information about the listing. Fun-fact, my self working as moderator we got some early information as well for the project I was manage to hit listing on exchange.

I can buy the token before listing on the new exchange. So, this one it's not smart just because he got insider-information and make him (insider-trading).

[blockman]

That's good for him if he made that much with $1k and as ryza said, that guy probably have the advantage of knowing the firsthand of its listing.
For someone who doesn't have that much, actually $1k is already a lot. But if you're sure of what's going to happen, you're going to invest on that without any hesitation because you know that you'll be making that much afterwards. Maybe this guy is also one of the devs, who knows? Because it's common to see such people making that much in the firsthand knowing that they're part of the team.

[coin-investor]

It's not smart.

It's called (Insider-Trading) he got early-information about the listing. Fun-fact, my self working as moderator we got some early information as well for the project I was manage to hit listing on exchange.

I can buy the token before listing on the new exchange. So, this one it's not smart just because he got insider-information and make him (insider-trading).

That could be the case, it's a very risky move but rewarding if it pays off you should be active in their channel and has contact with their development and the coin should have a shilling marketing, this is called insight, good contact, and extreme luck, not really very rare but a combination of many factors, the guy is a seasoned investor he may have invested on other new coins mostly meme coins or what's trending.

[ryzaadit]

-snip-

Nope, nope.

Purchase a few hour before the listing is happening, it's clear indicator he have some early information that the token/coin are gonna to be listing on some exchange. I always admire people who are buying shit-token and get success.

But, purchase a few hour before listing while the information are confidential (that's just clear indicator got insider trading).

[makishart]

Some Twitter accounts were making nonsense tweets about how someone made millions by investing a small amount in a token. It doesn't even make sense to see how people keep reacting it.
Lookonchain, dealereth and many more twitter accounts were jus terrible. They were misleading the newbies to follow their method that used by the insider trading. I will believe if it would be shiba but since it's unknown shitty token and i don't trust it.
There have been so many insider trading. It's probably the developer itself. Don't trust it man. You will be only being trapped there.

[worle1bm]

Or just a smart move to attract other people into investments in that particular coin while he has the information the token will be listed on the exchange? You see he was able to timely manage the investment giving him a big profit bag but don't get overexcited with it and invest large sums seeking the same profit margins because we can't say much about how these tokens gonna work even in Short run.But if you can get such quick profits it's big shot but he might be having early information about it.

[zasad@]

Details of what and how they did it here
https://twitter.com/lookonchain/status/1685656638328557569

What is this project?
https://www.coingecko.com/en/coins/bald#markets
About the many scam projects in the Base ecosystem, see this post.
https://bitcointalk.org/index.php?topic=5463692.msg62714745#msg62714745
Unfortunately, I don't see smart trading here. The buyer probably knew what he was doing.

___
And this is a real trade:

Single Trader Lost $55M on Ether Long Yesterday
That was nearly 30% of all liquidated futures on Binance, the data shows.
https://www.coindesk.com/markets/2023/08/18/single-trader-lost-55m-on-ether-long-yesterday/

[sokani]

Addresses involved in this transaction :
0x95CabFF33049a0Ea34f26Ca3D797D1D818b46Fb7
0x5a608B8a56ABb71cd7D2cB68e656cA669Bc1E4B0
0x2Eb0a3591f0CAE962202E8A1F28931af8d6304c8
0x590D731Da879cc05BD15443d95949C6ceDE64CB3

Details of what and how they did it here
https://twitter.com/lookonchain/status/1685656638328557569

Don't be deceived mate, with all the scam projects out there would you throw $1000 on a completely unknown coin? A bet you won't. $1000 is a huge amount of money to risk on an unknown project. I think the buyer had some inside information prior to listing that's why he was able use $1k to buy $BALD.

[rhomelmabini]

Probably just some liquidity exit from the owners themselves and it's likely the obvious case. Well, Base network was just launched/opened weeks ago and I guess it doesn't start well with these scams especially the memecoins. The thing is, Base will here to stay and I think you should just pick the real winners on it, I don't think memecoins will be on my list for Base, I'd stick more with defi products.

[avikz]

It's not smart.

It's called (Insider-Trading) he got early-information about the listing. Fun-fact, my self working as moderator we got some early information as well for the project I was manage to hit listing on exchange.

I can buy the token before listing on the new exchange. So, this one it's not smart just because he got insider-information and make him (insider-trading).

Exactly so! Such kind of incidents can't be luck! It's cheating! I won't be surprised if that person is a part of the admin group of that coin. Millionaire by luck is a very rare incident. But it looks more time an informed trading decision. So I will say it's a classic case of insider trading which is considered as cheating in real world. No glory in cheating and making money out of it. Usually such kind of things are done by some members of the admin panel of that coin.

[wheelz1200]

Smart has nothing to do with that, it's pure luck.  99.9999% of people will easily lose that $1000 before they would make $1mil off of it.  These projects are all just pump toys to make money for very few while most lose because they buy the tops of these pumps.  It's the sad part of crypto I wish didn't exist.

[Rengga Jati]

It's not smart.

It's called (Insider-Trading) he got early-information about the listing. Fun-fact, my self working as moderator we got some early information as well for the project I was manage to hit listing on exchange.

I can buy the token before listing on the new exchange. So, this one it's not smart just because he got insider-information and make him (insider-trading).

it makes more sense,
As smart as we are in analyzing a new project, it will not guarantee great success. Unless there is information like that provided by @ryzaadit. It will make more sense. This means that this happens regularly only among people in the company because of course, this information is very limited.

Indeed, sometimes, on the other hand, there are cases where there are investors specifically chasing new tokens, especially hype tokens. Where they buy during the pre-sale, especially, so they can buy at a lower price plus get discounts and bonuses. However, this is also very high risk because not all new projects that are analyzed and taken will actually be listed on an exchange and earn profits. Only certain projects are really hype and listed on an exchange. And it's at the start of the listing that they have to be absolutely right and not late to exit. because once exit, they will fail and miss the moment. But then again, I'm not sure if this is going to happen very often. It is possible that even though they are experienced people in this matter, it could be that out of the 10 projects they participated in, only 2 projects might be successful while the rest were zonk.

[JeffBrad12]

It's not smart.

It's called (Insider-Trading) he got early-information about the listing. Fun-fact, my self working as moderator we got some early information as well for the project I was manage to hit listing on exchange.

I can buy the token before listing on the new exchange. So, this one it's not smart just because he got insider-information and make him (insider-trading).

I was also wondering why someone are so committed to put so much money into some tokens or coins, it reminds me of someone that invested so much in some meme coins which is milady and really committed to put their money in it which is not some measly amount.
I guess some people are just lucky enough to get the insider information, i also believe that in becoming successful in trading it requires something like insider information instead of being good at analysation so I guess it makes sense now.
for someone that don't got the insiders information then their best bet is to invest when the token price already becoming so low other than that I don't think it will make sense to invest in some random tokens that not even get listed in the exchanges.

[bbc.reporter]

Is this the same Bald token that was being issued and traded in Coinbase's new Base network? I am very sorry to be again the messenger of bad news, however, if we are talking about the same token, this is a rugpull speculated to be created by Sam Bankman-Fried or someone who want to make it appear that it was him.



The rug-pulling of short-lived, heavily hyped meme coin bald (BALD) has a whole cast of characters, but is one of them Sam Bankman-Fried?

On-chain data suggests interactions between the memecoin BALD’s deployer contract and one of the wallets tagged by Nansen as belonging to Alameda Research - the trading company founded and controlled by Bankman-Fried. The data was cited by several blockchain sleuths on the social media platform formerly known as Twitter and later validated by CoinDesk.

Wintermute’s head of research, Igor Igamberdiev, tied another wallet address 0xccFa05 to Alameda, stating its owner showed strong technical capabilities and proved to be a savvy DeFi user: Trading on the first version of dYdX and Oasis, as well as voting on the first proposals from SushiSwap.

Source https://www.coindesk.com/markets/2023/08/01/bald-token-rugpull-may-have-links-to-sam-bankman-frieds-alameda-data-shows/



Rugpulled by Sam on FTX, rugpulled again on Bald token hehehehehee.

[Best-mary]

This is what I call luck. The same thing happened when Sei and Cyber were launched on the same day. On the day of the launch, everyone was thinking that the former would perform well due to the hype and all that. But in the end, only those who went all in on the latter enjoyed the game. It went as high as 400+%M

[Godday]

It's nearly impossible. You need all your luck. Making 1 million out of $1,000 means you need a 1000 times increase or 10,000% which is an crazy number. Not everyone has that opportunity. And maybe only 1:1000 people can earn meme coins and then make up to 1000 times increase.

[hugeblack]

We cannot say that he is smart, but you get information and find the right time, and this case is anomalous and cannot be generalized for all investments, so be careful not to take such stories as a reason to try your luck and invest in these currencies.
It reminds me of someone who mined a Bitcoin block using Solo Miner.

Single Trader Lost $55M on Ether Long Yesterday
That was nearly 30% of all liquidated futures on Binance, the data shows.
https://www.coindesk.com/markets/2023/08/18/single-trader-lost-55m-on-ether-long-yesterday/

How much is his fortune for some people 55 million is not a loss that makes you poor.

[zasad@]

Single Trader Lost $55M on Ether Long Yesterday
That was nearly 30% of all liquidated futures on Binance, the data shows.
https://www.coindesk.com/markets/2023/08/18/single-trader-lost-55m-on-ether-long-yesterday/

How much is his fortune for some people 55 million is not a loss that makes you poor.

Here the problem is not in the amount of losses but in psychology. When a person has earned a lot of money, he is more naive about investments and makes rash investments. Unfortunately, this has been my own experience. After good earnings, there is usually a losing streak, and the main thing here is not to lose a lot of money and work with good risk management. No need to buy scam tokens and trade with leverage.