This cryptocurrency whale named Garrett Jin made over 200 million dollars in profit by shorting before the Bitcoin crash on 2025/10/10.
It is said that yesterday he lost 250 million dollars due to a long position on $ETH. Now there is only $53.93 left in his account.
In the imagination of many of us, "If we earn 200 million dollars, why would we trade any coins? We would just lie flat and travel around the world."
But in reality, it is very difficult to achieve that.
Especially for those who can earn huge wealth in a short period of time, there is certainly a trait in their personality: they want to win, they want more, and in the end, money is just a number. They also usually have a strong gambling nature.
There is a movie about oil magnate Paul Getty called "All the Money in the World." Getty was not only the richest person in the world in the 1960s, but he is also one of the richest people in human history.
Getty's most famous story is that after his 16-year-old grandson was kidnapped, he continuously refused to pay the ransom. After more than 5 months of negotiations with the kidnappers, the ransom kept dropping from 17 million to 3.2 million, yet Getty still refused to pay. In the end, after the kidnappers sent one of young Getty's ears to the newspaper, he still refused to pay.
At the end of the film, old Getty, before his death, leaves alone holding a famous painting, lonely.
But the most impressive scene for me is when his assistant questioned him about why he wouldn't pay the ransom, he said it might affect his financial situation.
The assistant asked him: "How much do you actually need to earn to truly feel enough and secure from within?"
The assistant made him state a number.
Getty's answer was:
"More."
It is said that yesterday he lost 250 million dollars due to a long position on $ETH. Now there is only $53.93 left in his account.
In the imagination of many of us, "If we earn 200 million dollars, why would we trade any coins? We would just lie flat and travel around the world."
But in reality, it is very difficult to achieve that.
Especially for those who can earn huge wealth in a short period of time, there is certainly a trait in their personality: they want to win, they want more, and in the end, money is just a number. They also usually have a strong gambling nature.
There is a movie about oil magnate Paul Getty called "All the Money in the World." Getty was not only the richest person in the world in the 1960s, but he is also one of the richest people in human history.
Getty's most famous story is that after his 16-year-old grandson was kidnapped, he continuously refused to pay the ransom. After more than 5 months of negotiations with the kidnappers, the ransom kept dropping from 17 million to 3.2 million, yet Getty still refused to pay. In the end, after the kidnappers sent one of young Getty's ears to the newspaper, he still refused to pay.
At the end of the film, old Getty, before his death, leaves alone holding a famous painting, lonely.
But the most impressive scene for me is when his assistant questioned him about why he wouldn't pay the ransom, he said it might affect his financial situation.
The assistant asked him: "How much do you actually need to earn to truly feel enough and secure from within?"
The assistant made him state a number.
Getty's answer was:
"More."
