Home web3.0 Crypto Trader @theunipcs Reveals His Big Secret to Success: Conviction Is All You Need

Crypto Trader @theunipcs Reveals His Big Secret to Success: Conviction Is All You Need

Oct 11, 2024 pm 03:56 PM
BONK Bitcoinist.com Crypto Trader

Crypto trader @theunipcs gained widespread popularity on the crypto community on X (formerly Twitter) after pulling off what is being referred to as a

Crypto Trader @theunipcs Reveals His Big Secret to Success: Conviction Is All You Need

Crypto trader @theunipcs became a legendary figure within the crypto community on X (formerly Twitter) after pulling off an enviable trade involving the Solana meme coin, BONK. The analyst had leveraged longed the meme coin almost a year ago when it was still having a hard time surviving in the market. As the BONK price pumped through 2023/2024, so did the trader’s bag, rising to over $18 million in unrealized profit at one point.

Naturally, the crypto trader's success brought about a lot of questions as to how he was able to pull off such a trade. In response, the crypto analyst has revealed his big secret, telling investors that all they actually need to do well in the market is to have conviction.

Why Conviction Is All You Need

In a lengthly X post, the crypto trader revealed how he has been able to hold his BONK trade even through multiple corrections, thanks to his conviction in the meme coin. The trader addressed claims that would say that his 8-figure PNL can be attributed to luck. However, he explains that it is more conviction in a single cryptocurrency than luck.

Unipcs advised investors that they should do away with the mentality that they were going to make a lot of money in a short period of time. Furthermore, he explained that the turning $100 into a million stories were very few, and even in those cases, it had to do with extreme conviction.

So, instead of buying and selling many cryptocurrencies over time, the crypto trader believes that it is better to find one cryptocurrency to get in early into and hold with conviction. The analyst gave the example of his Dogwifhat long trade, which saw him turn $6,000 into $1 million, which he continues to hold.

Another high conviction play for the crypto trader is the FLOKI meme coin. He has revealed that FLOKI is the largest of all of his meme coin holdings and the trader continues to hold it through different cycles. This is due to his conviction and the belief that the FLOKI price will still rise higher.

“Shake yourself out of the pipe dream that you will turn $100 to a million in a few days,” Unipcs said. “If you do not learn to have conviction in your trades, you will end the cycle with a lot of regrets due to a lot of missed opportunities that COULD HAVE been you.”

‘The BONK Guy’

Unipcs is now known as “The BONK Guy” in crypto spaces after making his legendary BONK trade public. When the BONK price rose to a new all-time high of $4.7 earlier in the year, his unrealized PNL on his long trade crossed $18 million.

Despite such a mouth-watering profit already, the crypto trader has refused to exit the trade. This is because he believes the BONK price will rise much higher, and this single trade could be worth as high as $50-$100 million in the future.

The above is the detailed content of Crypto Trader @theunipcs Reveals His Big Secret to Success: Conviction Is All You Need. For more information, please follow other related articles on the PHP Chinese website!

Statement of this Website
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn

Hot AI Tools

Undresser.AI Undress

Undresser.AI Undress

AI-powered app for creating realistic nude photos

AI Clothes Remover

AI Clothes Remover

Online AI tool for removing clothes from photos.

Undress AI Tool

Undress AI Tool

Undress images for free

Clothoff.io

Clothoff.io

AI clothes remover

AI Hentai Generator

AI Hentai Generator

Generate AI Hentai for free.

Hot Article

R.E.P.O. Energy Crystals Explained and What They Do (Yellow Crystal)
3 weeks ago By 尊渡假赌尊渡假赌尊渡假赌
R.E.P.O. Best Graphic Settings
3 weeks ago By 尊渡假赌尊渡假赌尊渡假赌
R.E.P.O. How to Fix Audio if You Can't Hear Anyone
3 weeks ago By 尊渡假赌尊渡假赌尊渡假赌
WWE 2K25: How To Unlock Everything In MyRise
4 weeks ago By 尊渡假赌尊渡假赌尊渡假赌

Hot Tools

Notepad++7.3.1

Notepad++7.3.1

Easy-to-use and free code editor

SublimeText3 Chinese version

SublimeText3 Chinese version

Chinese version, very easy to use

Zend Studio 13.0.1

Zend Studio 13.0.1

Powerful PHP integrated development environment

Dreamweaver CS6

Dreamweaver CS6

Visual web development tools

SublimeText3 Mac version

SublimeText3 Mac version

God-level code editing software (SublimeText3)

FX Guys ($FXG) Emerges as 2024's Top Crypto ICO FX Guys ($FXG) Emerges as 2024's Top Crypto ICO Nov 02, 2024 am 07:20 AM

Despite being in presale, the FX Guys platform has gained traction among top altcoins due to its limited supply of tokens, which promotes long-term value growth.

Genius Trump (GENTRUMP) Could Turn Early Investors Into Multi-Millionaires, Like Shiba Inu (SHIB) and Dogecoin (DOGE) Did Genius Trump (GENTRUMP) Could Turn Early Investors Into Multi-Millionaires, Like Shiba Inu (SHIB) and Dogecoin (DOGE) Did Oct 14, 2024 am 12:36 AM

Genius Trump (GENTRUMP), a new Solana memecoin that was launched today, is set to explode over 19,000% in price in the coming days.

Rexas Finance (RXS): A Game-Changer for Real-World Asset Tokenization Rexas Finance (RXS): A Game-Changer for Real-World Asset Tokenization Oct 20, 2024 am 06:00 AM

Rexas Finance is changing the game in the blockchain industry by democratizing access to real-world asset tokenization.

Cutoshi, XRP, and Bonk Could Hit the Moon Soon as Market Rallies Return - Here's Why Cutoshi, XRP, and Bonk Could Hit the Moon Soon as Market Rallies Return - Here's Why Nov 11, 2024 pm 03:02 PM

Less than nine months after the approval of the Bitcoin and Ethereum spot ETF, asset manager 21Shares has filed for an XRP ETF with the United States

Rexas Finance (RXS) Could Surpass Giants Like Solana (SOL) and Ethereum (ETH) by 2025, Crypto Billionaire Predicts Rexas Finance (RXS) Could Surpass Giants Like Solana (SOL) and Ethereum (ETH) by 2025, Crypto Billionaire Predicts Oct 20, 2024 am 06:42 AM

The forecast highlights RXS’s strong position in the tokenization of real-world assets, a trend that is rapidly gaining momentum in the crypto space.

ZDEX: The Next DeFi Giant or Just Another Meme Coin? ZDEX: The Next DeFi Giant or Just Another Meme Coin? Oct 13, 2024 pm 07:18 PM

Analysts foresee an extraordinary surge in the value of certain cryptocurrencies, with projections of a 5000% increase by 2025. Three particular digital assets are emerging as strong contenders for this remarkable growth.

Qubetics: Solving Interoperability Challenges in Blockchain Qubetics: Solving Interoperability Challenges in Blockchain Oct 29, 2024 pm 12:12 PM

Qubetics addresses a fundamental issue many blockchain networks face: the need for interoperability. In today's blockchain landscape, most networks operate as isolated entities, creating data silos that limit the efficient exchange of information and

Mpeppe (MPEPE) Emerges as a Contender in the Meme Coin Market, Targeting Bonk (BONK) Holders Amid Its Bitmart Listing Announcement Mpeppe (MPEPE) Emerges as a Contender in the Meme Coin Market, Targeting Bonk (BONK) Holders Amid Its Bitmart Listing Announcement Oct 16, 2024 pm 06:28 PM

The cryptocurrency world is abuzz as Bonk (BONK) experiences a 4% price surge over the past seven days, capturing the interest of meme coin enthusiasts.