The crypto asset market is known for its high volatility, and many investors have experienced huge successes and devastating losses. Those who have been up and down since 10 years ago in the world of crypto investment, have certainly made big profits compared to investors who have just entered.
One such investor is Martini, a veteran altcoin investor who has made a fortune during previous bull markets. In a tweet on his Twitter, he said that he had changed US $ 300,000 to US $ 160 million at the peak of BTC.
However, during the process of achieving this huge profit, Martini also had to lose around US$ 100 million due to the altcoin crash that occurred and protocol hacks. “Despite these setbacks, I use the funds from selling crypto assets to buy when the price drops. Because basically we have to invest heavily in assets when prices are low,” said Martini.
Martini’s strategy of buying additional amounts is referred to as Dollar Cost Averaging (DCA), which means they buy more when the price drops.
Because of this strategy, Martini has invested US$ 8 million in property, US$ 1 million in car assets and US$ 5 million in Crypto Saving Expert. All of these are Martini’s privately funded ventures without the use of any venture capital.
“Despite all my investments, I also donated US$1 million to charity. I also gave my followers hundreds of thousands of dollars. With the investment I have, I can pay for cancer treatment for two people,” he said.
Although Martini made a fortune in previous bull markets, he also suffered significant losses during the altcoin crash of 2022. Martini’s inability to sell their altcoins during the crash meant that they were unable to minimize losses.
In this case, he also admits that the market is indeed unpredictable. Also, past success is no guarantee of future success. He believes that the key to success is sticking to investments and taking risks when opportunities arise.
“Bear markets can be tough, but they are worth it in the end. Especially, if Bitcoin later reaches US $ 100,000 as predicted, “concluded Martini.
