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Popular cryptocurrency trader Ansem recently entered the spotlight within the digital asset community. The crypto trader printed massive returns, including 170x on Solana (SOL), 520x on dogwifhat (WIF), and 80x Bonk (BONK). Considering these feats, Lookonchain, an on-chain data analytic platform, has dug into Ansem’s trading strategy.
Opening a position in SOL when it was relatively unknown, Ansem secured a significant return of over 170 times the initial investment as SOL surged from $1.5 to $260 within eleven months. This early success laid the foundation for subsequent ventures, including investments in WIF and BONK.
His foresight led to an extraordinary 520x return on WIF, drawing comparisons to the phenomenon of Shiba Inu Token (SHIB). In addition, his endorsement of BONK preceded an 80x increase after he replied to a tweet highlighting the coin’s potential.
Ansem’s journey into crypto trading began in 2017 when he created a thread on X (formerly Twitter), sharing insights into his learning process and resources. Following his transition into full-time trading in 2021, he emphasized the importance of discerning between altcoins and Bitcoin investments.
Lookonchain analysis of Ansem’s trading style reveals a balanced approach, with approximately 70% of his portfolio allocated to long-term holdings and 30% dedicated to more speculative trades. Importantly, the crypto trader highlighted humility and emotional control as key traits and the significance of wise decision-making in navigating volatile markets.
Moreover, his approach to trading reflects the importance of thorough research and the rationale behind investment decisions. As Lookonchain states, “When evaluating potential success, it is important to consider long-term investments and technological advancements.” Likewise, Ansem stressed the importance of informed, calculated moves in the crypto space.
Furthermore,Lookonchain stated that over-taking and full positions are common mistakes in investing and can lead to significant losses if predictions are inaccurate. Moreover, using leveraged trading and taking heavy positions in altcoins without proper risk management can lead to huge losses.
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