The crypto sector is full of opportunities, but it takes a ‘savvy’ approach to make your fortune. But, even for the ‘savviest’ traders, it doesn’t come easy. The volatile nature of cryptocurrencies often puts traders on a roller-coaster ride.
In a confession shared with Confession (an anonymous crypto confession) in March. 22, 2025, one trader highlights his journey through several highs and lows in memecoin trading. His story of losing $40K, dumping pay cheques trying to recover, making a big win, losing it all, winning again and losing again – is a real ‘roller-coaster ride.’
Making 500K Off One Coin, Losing It All in a Month and More
According to the confession, the trader started trading memecoins in February 2024 but the thrill of high stakes and big wins got him hooked. One year later, he is lamenting making losses after several big wins. Initially, the trader invested $40,000 in memecoins but lost it all.
“Lost my 40k investment, and spent 6 months being broke dumping pay cheques into Sol,” the trader confessed. His journey into memecoin trading did not stop there. Fortunately, he managed to make $500,000 from one coin.
But as quickly as fortune smiled upon him, his joy did not last long. The trader lost it all in one month. “Lost all of it 4 weeks later,” he shared. However, it was not long before he got a second chance at it as he ‘made another 400K.’
While the ‘win’ seemed to be his restitution, a twist of fate or rather high-staking for bigger wins, led to another loss. The trader’s fortune fizzled to $4K marking the third low in his amusing crypto roller-coaster ride.
Soon after, the trader turned the $4K into $500K depicting his ‘savviness.’ Instead of walking away at this point, he believed that his destiny was to turn small numbers into big ones, over and over. But another low came knocking yet again. “Now I have nothing again,” he lamented.
Crypto Community’s Reaction to The Trader’s Confession
Often, the ‘market giveth…and the market taketh.’ But this trader’s experience is a ‘true’ roller-coaster ride. Following his story, some top crypto traders have criticized him while others have offered him vital insight for his future trading.
According to crypto investor DivXMaN, the trader should have shifted some of the money made on memecoins to a ‘more stable’ coin and only left a small chunk of it for trading. “Protip- the moment you make a substantial sum on memecoins you move it into BTC. After that only 5% should be used for trading, nothing more,” DivXMaN advised on X. DivXMaN further added that “willpower and skill are more important than greed.”
Pseudonymous startup advisor ‘La_Crrypt’ is convinced that the trader can do it again. “You’ll do it again for sure,” La_Crrypt shared on X. However, this is ‘too hopeful’ despite the trader managing to turn his bottoms into ups previously.
Lessons Learnt and How to Avoid a Similar Roller-Coaster as a Crypto Trader
This trader’s confession is a confirmation of the volatile nature of cryptocurrencies. Memecoins in particular, are very volatile and are often associated with substantial price pumps and dips. Traders should thus be careful when trading memecoins to avoid a similar fate to the trader.
Crypto traders should avoid greed and unrealistic profits when trading cryptocurrencies. Rather, traders should have a proper trading strategy with clear and achievable profit-taking points set. Sticking to a well-planned strategy is crucial for steady and consistent wins in crypto.
Additionally, every trader must avoid emotional trading which often results in losses. While the idea of “quick gains” is tempting, discipline, patience, and risk control are crucial for savvy trading.
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