The trader that got rekt shorting Buterin’s alt coin and then doubled down by going 30x leverage on their last $1 million doesn’t look so stupid 4 days later, now do they?

Four days ago, there was a post about the eth trader that got absolutely demolished to the tune of $2 million. They wound up going 30x leverage betting against the price reaching $1,999 per coin.

The post said “something that looks to occur very soon” referring to the rise in price.

The comments section was full of Captain Hindsights that mocked the trader relentlessly or gave sage advice “don’t use leverage for trading.”

In the 4 days since, the price of eth is down $100 (at $1,853 at the time of this post) from that point so I guess it wasn’t such a foolish move after all.

Do we have a follow up on that person’s account? Did they exit their position? I am curious on how to find out but at 30x leverage, they may have recouped most of, if not all, of the money they lost on their first bet.

So hindsight is 20/20 whether it’s mocking the trader for using leverage and losing $2 million in the original post or realizing that their move to keep shorting on leverage was not so stupid after all.