It's not surprising that Yi Lihua sold 70% of his ETH position at the bottom of 1700u, because he's a notorious novice investor. History repeats itself. In December 2018, he also advised his user "Xu Ke" to sell hundreds of Bitcoins at around 3000u, because he thought Bitcoin could fall below the miners' cost price of 2500u. Isn't this the same mindset as the most novice investor who likes to chase highs and sell lows? So never blindly believe in these "experts," because their money isn't earned through investment, but through exploiting others by running projects.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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