A $7,000 Bitcoin Trader made a profit of $3 Million in a single trade

Story by: Michael Montaigne

The world of cryptocurrencies is full of dramatic stories, but few compare to the tale of cryptocurrencies Michael Montaigne. At just 20 years old, the London-based cryptocurrency trader turned an initial investment of $7,000 into 27 bitcoins — a staggering $3 million — with one legendary trade during the infamous coronavirus market crash.

Montaigne’s meticulous plan to reduce the price of Bitcoin during a critical market downturn catapulted him into the spotlight, inspiring a new generation of traders looking to navigate the volatile world of cryptocurrencies.

Cryptocurrency trading challenges

Cryptocurrency trading is not for the faint of heart. It is by nature very volatile. It exists in an unpredictable market. It lends itself to non-stop speculation. In short, cryptocurrency trading is a very difficult endeavour.

During the March 2020 crash, traders faced a more difficult market. Bitcoin and other cryptocurrencies have seen billions wiped off their market value in record time. Montaigne immediately described it as a historic downturn: “It was the craziest collapse I have ever witnessed in my business career. A lot of people lost everything that day. But one side has to lose for the other to win, that’s the game.”

Many traders hesitated. Not Montaigne. And he remained steadfast. While many skeptics called him crazy for even considering shorting Bitcoin, Montent stuck to his strategy. “I believed in my game plan, and it paid off,” he explains.

Pivotal moment

Like many who succeed in the market, luck plays only a small role in Monten’s success. The dedicated trader attributes his success to a combination of careful research and calculated risks. “I probably spent about 15,000 hours watching cryptocurrency charts,” he says. This dedication to his craft gave Montaigne the tools to identify key market signals and take decisive action during a crash.

If Montaigne’s story sounds familiar, it’s because it echoes the famous events featured in The Big Short. There, unconventional thinkers took advantage of the market collapse. The difference between them and Montaigne? Montaigne’s trade when he was just 20 years old turned him into a millionaire. “This business has completely changed my life,” he says.

Lessons for aspiring traders

Cryptocurrency traders of all experience levels can gain insights from Montaigne’s journey. First, research and preparation are critical to success. “You have to stay ahead of the market,” Montaigne believes. “Cryptocurrency trading is about understanding patterns and not getting carried away by the noise.”

Next, flexibility is just as important as doing the work on the front end. Montaigne admits that countless challenges make trading difficult. But he’s also quick to point out the many rewards that come from perseverance. His $3 million success proves that those who are willing to put in the time and effort have a legitimate chance to reap extraordinary rewards.

Looking forward

Now 24 years old, Montaigne is still a researcher, always looking for the next great cryptocurrency opportunity. He looks forward to a future where Bitcoin is mainstream. At this crucial point Montaigne will share his full story. “This is just the beginning. I hope my journey inspires others to see the possibilities of cryptocurrency trading.”

For now, Michael Montaigne’s story reminds those navigating the world of cryptocurrencies that bold, well-considered decisions can lead to extraordinary results.

**Investing involves risks, and your investment may lose value. Past performance gives no indication of future results. These statements do not constitute and cannot replace professional investment or financial advice.