Can you imagine becoming a millionaire from just one tiny investment?
Might sound impossible…
But last week — on the afternoon of June 21st — an investor did exactly that:
In just three minutes, he turned a $380 investment into more than $1.2 million.
Today, I’ll show you how he did it…
Then I’ll show you how to put yourself in position to do the same thing.
New Opportunity for Wealth Creation
Before I dive into the details, let me give you some background information.
You see, the $380 investment wasn’t a stock or an options trade…
And it had nothing to do with start-ups, either.
Simply put, it involved a new asset class known as cryptocurrencies.
As we’ve been telling you about for the past few months, cryptocurrencies like Bitcoin, Litecoin, and Ethereum are offering investors an unprecedented opportunity — an opportunity to build wealth very, very quickly.
And thanks to one of these cryptocurrencies, an investor like you just became a millionaire.
Let me tell you how he did it…
It all began last Wednesday afternoon at about 3:30 PM…
That’s when we witnessed a massive “flash crash” in the cryptocurrency market.
A flash crash is when a market experiences a death-defying drop in a short amount of time.
In just minutes or even seconds, a series of unfortunate events leads to the value of your holdings dropping by 20% to 50% — and possibly far more.
Lately, such occurrences in the stock market have become more commonplace…
But the world had yet to see one in cryptocurrencies — until last week.
In the span of an hour, the price of Ethereum fell from $325 down to ten cents.
That’s a 99% drop!
The crash was ignited by a trader putting in a massive sell order for Ethereum. In a single trade, he was aiming to unload $30 million of the digital currency.
The sell order quickly caused its value to drop by 30% — but what happened next caused its value to plummet to just pennies.
You see, Ethereum’s 30% drop triggered thousands of “sell stop orders.”
A sell stop order is an order to sell a security if it falls to a certain price level. Basically, it’s a way to protect yourself in case the price of a security goes into freefall.
But these sell stop orders put even more pressure on Ethereum’s price… which caused it to fall even further… which triggered even more sell stops…
And this cycle continued and continued… until Ethereum was trading at just ten cents.
Where There’s Chaos There’s Opportunity
When a market is treading water, it’s very difficult to make money.
But when a market is volatile, you can make a fortune.
And that’s exactly what happened last week.
As Ethereum was cratering — and as most traders were sitting with their head in their hands, watching the value of their holdings plummet — a few investors were giddy with excitement.
That’s because they’d had the foresight to put in “buy” orders at ridiculously low prices.
So as the price of Ethereum kept dropping, they were accumulating large stakes of it at “bargain” prices.
In fact, as you can see in this screen shot, one trader was able to purchase 3,809 Ethereum coins at just ten cents each:
The total cost of his investment? $380.10.
But here’s where things start to get even more interesting:
Within a few minutes of his purchase, the value of Ethereum shot back up to $300…
And it ended the day at $325.
His profit on this trade?
Not bad for a day’s work!
How to Catch The Next “Million-Dollar Bounce”
To put yourself in position to catch a similar “million-dollar bounce,” you need to do a couple of things.
First you need to set up a proper cryptocurrency trading account.
You see, if you’re looking to just buy and hold your cryptocurrencies, a simple account on Coinbase.com should do the trick.
But if you’re looking to trade actively, you need an account on a service like GDAX.
The good news is that GDAX is owned by Coinbase. So if you already have a Coinbase account, getting set up on GDAX is a breeze.
Next, you need to pick a price target — the price at which you’d like to lock in your currency.
Lower isn’t necessarily better: the lower you set the price, the less likely it is that your order will get filled.
I started buying Ethereum at around $40. I was comfortable with that price level, and was rewarded with 10x returns when it went to $400.
I’d like to own more at that price, so I’m putting in my limit orders at $40.
There’s no guarantee the price will dip that low again — but if it does, I want to be prepared.
And so should you.