On April 2, DeFi researcher Louis Cooper launched a trading challenge on Twitter, aiming to grow his initial capital from 2 ETH (~$3,600) to 20 ETH. He publicly shared his wallet address to transparently track his trading journey, sparking widespread discussion in the crypto community.
So, what exactly does this trading challenge entail? And how should we approach cryptocurrency trading as investors?
The ETH Trading Challenge: How to Turn 2 ETH into 20 ETH?
Louis Cooper, a DeFi researcher with 41K Twitter followers, initiated this challenge by revealing a wallet created on April 1. His goal: transform 2 ETH ($3,600) into 20 ETH through strategic trading. He committed to daily updates on his trades and the reasoning behind them to refine his strategy.
❗ Note: This challenge is not financial advice—all funds are at risk. Additionally, while Cooper’s wallet is public, followers should be cautious of potential front-running or early exits by the trader.
Below is Cooper’s trading progress so far:
1. Initial Portfolio: $3,600
- Lodestar Finance (LODE): Bought 723 tokens at $1.24 (0.5 ETH / $900)
- 3xcalibur (XCAL): Bought 5,017 tokens at $0.20 (0.55 ETH / $1,000)
- TridentDAO (PSI): Bought 606 tokens at $2.46 (0.83 ETH / $1,500)
2. Day 2: $4,645 (+29%)
- LODE: +48% ($1,338)
- XCAL: +26% ($1,260)
- PSI: +19% ($1,785)
- ArbiGoat (AGT): New entry (+42%, $214)
3. Day 4: $5,400 (+50%)
Sold all PSI and 80% of XCAL to buy:
- Stader (SD): +18% ($1,306)
- Pendle (PENDLE): +33% ($1,108)
- Increased LODE position (+67%, $2,665)
4. Day 5: $5,220 (+45%)
Sold all LODE for SD, citing bullish catalysts:
- KuCoin listing
- Ethereum Shanghai upgrade
- Stader’s upcoming LSD protocol, ETHx
5. Day 6: $5,330 (+48%)
- No new trades; SD (+34%) and PENDLE (+40%) held steady.
What Is the Core of Crypto Trading?
Successful trading hinges on "buy low, sell high"—not just luck or rumors. To achieve this consistently, traders employ diverse strategies, each with its own risk/reward profile:
- Technical Analysis: Using charts (e.g., 30-day/120-day moving averages) to identify trends.
- Value Investing: Assessing long-term potential via metrics like user adoption or TVL (total value locked).
Common Trading Strategies
Technical Trading
- Follow price trends (e.g., "MA30 above MA120 = bullish").
- Use tools like candlestick patterns or RSI to time entries/exits.
Fundamental Trading
Focus on assets with clear utility:
- Bitcoin (BTC): Digital gold.
- Ethereum (ETH): Smart contract platform.
- BNB: Exchange token with burn mechanisms.
- Track hot sectors (e.g., DeFi, NFTs) and leading projects.
Amplify Returns with Futures Contracts
Crypto trading offers two primary avenues:
- Spot Trading: No leverage; lower risk but slower gains.
- Futures Trading: Leveraged positions (up to 100x), enabling higher profits (or losses).
👉 Master Crypto Futures: U vs. Coin-Margined Contracts
How to Trade Futures on BTCC
- Register on BTCC (bonus: up to $3,500 deposit rewards).
- Choose U本位 (USDT) or 币本位 (coin-margined) contracts.
- Select assets (e.g., BTC/USDT) and adjust leverage (e.g., 20x).
- Place limit/market orders with stop-loss/take-profit levels.
FAQs
Q: Is Louis Cooper’s challenge realistic for beginners?
A: High-risk. Follow only with discretionary funds, and never mirror trades blindly.
Q: What’s safer—spot or futures trading?
A: Spot suits long-term holders; futures require active risk management.
Q: How do I identify undervalued coins?
A: Compare metrics like market cap/TVL ratios against leaders (BTC, ETH).
👉 Explore BTCC’s Low-Fee Futures Trading
Disclaimer: Trading involves risk. This content is for educational purposes only.