English
28808
Do you think hackers are guaranteed to make profits without losing money? This operation was simply shocking! A mysterious hacker frantically sold 2,655 Ethereums in just 10 hours, resulting in losses of up to US$758,000. Not only did this operation lose money, but it also turned itself into a joke in the currency circle.  The magic operation of chasing the rise and killing the fall The unknown hacker opened this batch of Ethereum positions at an average price of $4,026.58 between October 21 and 23. The market was going up at the time and it seemed like a good time to enter. However, on October 31, he suddenly sold 2,655 ETH at an average price of $3,740.78, resulting in a direct loss of $758,000. What's even more ridiculous is that he still holds 3965.36 ETH in his hand, and currently has a floating loss of US$692,000. This wave of operations perfectly explains what "buy high, sell low" means, and it can be written into the negative textbook of the currency circle. It's not the first time I've made this mistake This is not the first time the hacker has stumbled on Ethereum. During the flash crash on October 11, he panic-sold 8,637 ETH, and the loss was as high as US$5.37 million. At that time, he bought at an average price of US$4,400. After holding the position for 10 days, the market plummeted and he finally cleared the position at US$3,778. The total losses in the two operations exceeded US$6 million. Such a record is also quite "dazzling" in the hacker circle. You know, it is understandable for ordinary investors to make such mistakes, but as a technical master who can hack into the system, this investment decision-making ability is really puzzling.  Why do hackers also lose money? Many people think that hackers are technical geniuses and must be very good at investing. But the reality is that technical capabilities and investment capabilities are completely different things. This case vividly demonstrates: Hackers may be good at code but have no idea about market sentiment They can hack into the system, but they cannot predict market fluctuations Technical advantages cannot be converted into advantages in investment decisions What's even more ironic is that the hacker's operating methods are exactly the same as ordinary retail investors: chasing the rise and killing the fall, panic selling, and lack of patience. It seems that when it comes to investing, technology experts and ordinary people face the same psychological challenges. What can we learn from this? This case has a lesson for all investors: Don’t be fooled by the halo of status - even technical experts will make stupid mistakes. Adhere to investment discipline - emotional operations are the source of losses. Do good risk management - if this hacker sets a stop loss point, the loss will be much smaller.  What’s next for the hackers? Currently, the mysterious hacker still holds nearly 4,000 Ethereums, with an unforeseen loss of nearly $700,000. Will he choose to cut the stock and leave the market, or continue to hold and wait for a rebound? Considering his previous operating style, it is likely that he will make another surprising decision. An interesting thought: If this hacker had used the energy of hacking the system to study investment strategies, he might have been financially free long ago. Technology is a tool used to create value, not a gambling chip. This case tells us that in the world of investment, a cool head is more important than superb technology. Whether you are a hacker or an ordinary investor, operations that violate market rules will eventually pay a price.   |
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