From $100 to $100 million, explore the trading experience and positions of legendary trader GCR

Author: Crypto researcher @0xFinish & @0xReflection & ardizor

Compiled by: Felix, PANews

The “greatest” trader of all time, GCR, has finally returned. In 2022, GCR’s funds rose from $100 to $100 million, and he became the most profitable trader of all time by shorting LUNA.

GCR, also known as Giant Cassock Revival, may be the person who benefited the most from the collapse of FTX and Luna. After his net worth reached $100 million, he “retired”. A year later, GCR once again posted on the X platform. Based on the current market conditions, GCR said:

“If you’ve been on the sidelines, believe this is a good opportunity to add to the tokens you’re convinced of. If you’re already all in, stick with your spot position and don’t surrender. Someone once said that liquidation is a forced transfer of wealth from leveraged traders to wealthy spot buyers. I’m enjoying my retirement from social media, but don’t want to see the brothers get eliminated when the future is still so bright.”

Crypto researchers Finish, 0xReflection, and ardizor explored GCR’s trading recommendations and the five tokens it currently holds. The following are the details.

Trading Advice

**1.**Buying in quickly and early is the key to success

In Memecoins for example, you need to buy an interesting early token (narrative) quickly and then sell it at the peak of the hype. The biggest mistake is to buy after the hype has emerged.

“People fail because they do the exact opposite; invest slowly early on and become increasingly greedy and all-in over time.”

2. Strong faith

Cryptocurrency is already popular, and funds such as Black Rock have begun investing in cryptocurrencies and RWAs. When you feel that Bitcoin will never rise again, you should do everything you can to prepare for the bull run.

“When people no longer believe in the future, that is the peak of doomsday.”

**3.**Speculation on new coins

There will be many new coins in the bull market cycle. If you see a project with great potential, the next step is to analyze: “Is the team rich enough or motivated to hype the token?” If so, the team needs to be more prosperous to continue to believe in the project.

4. Bad Token Design Does Not Always Mean Bad Performance

A project that takes a long time to build may create the worst token economics in the world, but its token may perform better than other projects.

This is because the project waited too long to get a good market to earn profits.

So don’t cross such items off your list, they can bring in more money than you think.

**5.**Reaction > News

When you see a breaking news story or statement, don’t necessarily check its accuracy.

“When news affects prices, market participants often focus on whether it is true. Many times, the truth of the headline is unimportant. It is the market’s reaction to the news and how long it lasts that is more instructive.”

If the market is severely shaken by incredible news, then short or consider buying promising tokens.

**6.Trading volume>**Market value may be a time to cash out

Wealth is only considered wealth after it is converted into cash. When trading volume > market value, it usually means that the rising market is in the final stage.

7. Holders can easily outperform traders in the long run

This advice is only relevant to Degen traders who are playing the shitcoin rotation game.

**8.**The biggest threat to any successful project is its own success

Success breeds imitation, and this is a profit-driven industry that will ruthlessly turn to derivatives of original products in pursuit of higher returns (from VCs to traders and ultimately to retail investors).

9. Golden Rule - Leverage profitable tokens and sell losing tokens quickly

Try to think of a Ponzi scheme as a prizefighter rather than a token; the winner gets a prize, the loser gets nothing. Many people would rather sell the tokens that are performing well than the ones that are losing money, and instead increase their investment.

HOLDING TOKENS

Here are the five coins that GCR has been hoarding recently:

CoW DAO**（COW）**

The CowSwap DEX platform focuses on minimizing the impact of MEV on transactions. CowSwap uses a mechanism called “coincidence of want” (CoW) that aims to directly match overlapping orders. GCR holds 180,000 COW.

• Market value: $50.6 million
• Price: $0.232
• FDV: $232.6 million

Related reading: UniswapX is suspected of plagiarism, is CowSwap the future DEX form of Intent?

Ethena Labs**（ENA）**

Ethena is a synthetic dollar protocol based on Ethereum, providing a crypto-native solution that does not rely on the infrastructure of the traditional banking system, and a globally accessible dollar-denominated “savings tool” - Internet bonds.

• Market value: $1.578 billion
• Price: $1.11
• FDV: $16.6 billion

Related reading: In-depth analysis of Ethena’s success and death spiral risks

LooksRare**（LOOKS）**

Operating on the Ethereum blockchain, LooksRare is a community-based NFT marketplace where users can trade NFTs and digital collectibles and earn rewards for participating in the platform.

• Market value: $116.7 million
• Price: $0.118
• FDV: $116.7 million

Related reading: Analyzing the two “enemies” of Sushiswap and Uniswap, LooksRare and OpenSea, and explaining what a vampire attack is

Yield Guild Games**（YGG）**

Yield Guild Games is a DAO focused on investing in virtual assets in various blockchain-based games and virtual worlds. YGG pools funds to purchase NFTs that generate revenue in games and then rents them out to community members.

• Market value: $275.5 million
• Price: $0.885
• FDV: $879.9 million

Related reading: The GameFi sector has risen again, is the public game chain a definite opportunity?

HULVIN**（HULVIN）**

HULVIN is a SOL meme coin based on the BTC halving hype.

• Market value: $16.6 million
• Price: $0.008

Related reading: Crypto market “plunges”, has Hayes’ previous prediction come true?