The user has led the exchange’s ranking since October 2020. He started his career as a trader more than 10 years ago with only USD 500 in cryptocurrencies.
One of the Bitcoin traders that make life in the Bitfinex exchange is strongly taking the lead in monthly profits. Since October 2020, user John Brown has earned more than USD 200 million in revenue.
The trader made the biggest profit, around USD 150 million, in the first two months of the year. Between December 31st and January 31st, he conducted transactions that brought him USD 80.4 million in profit, according to Bitfinex. Other than that, Brown earned USD 70.3 million between January 31st and February 28th.
During the 59 days of January and February, the user-generated an average profit of USD 2.5 million per day. The exchange shared the striking figures on its Twitter account by posting the milestone that Brown reached in February.
“John Brown earned more than USD 70 million in profit in just 28 days, thus being at the top of the Bitfinex leaderboard for February,” the exchange said. In recent days, they expressed on the social network their interest in knowing who could occupy first place in March.
The huge income that Brown earns, as well as the advantage that he has over other traders, are striking. In February, the second-highest earning trader (“Top # 2”) made USD 10.5 million, so Brown led him by USD 60 million. In January, there was a USD 50 million difference compared to “Birdy,” whom he preceded.
Bitfinex explained that some of the most profitable traders on the platform constitute the list. However, the users who have explicitly given their consent are those who appear on the list, given that it is anonymous. “Although each name always represents the same user, it is not possible to identify him personally,” the exchange noted.
He Started Bitcoin Trading with USD 500
Brown himself published on the Bitfinex website that his career as a trader of Bitcoin and other cryptocurrencies started in 2011 with just USD 500. Ten years later, he has reached relevant milestones such as a monthly trading volume cap of USD 3.5 billion.
He confessed that he has traded on almost 50 exchanges and that 50 of his first 52 months as a trader were profitable. After the bullish run of 2017, he “lost focus” with eight consecutive months of losses.
“I never lost funds due to an exchange hack or closure. I got away from Mt. Gox early enough, I dodged Cryptopia, Cryptsy, and QuadrigaCX early enough,” Brown noted. No one knows the age or nationality of this trader.
Within the Bitcoin ecosystem, users develop the trading of Bitcoin and other cryptocurrencies, as well as other activities. It is important to know that this analysis and study of the markets can leave both gains and losses.
In 2020, Spanish trader @inmortalcrypto said that trading “is a fight against oneself” rather than against the market. In this activity, the person always has to consider time and his internal psychology to face a loss.
By Alexander Salazar
