A Polymarket trader known as 'ascetic' has achieved legendary status after turning a humble $12 stake into over $104,000. The X user shared the victory on January 15, boasting that it took exactly 16 consecutive winning bets on Bitcoin's short-term price moves to complete the challenge, proving that sometimes the most degenerate math actually works.
The two-month journey began on November 12, with ascetic sharing his reasoning for each trade along the way. Unlike high-frequency trading bots, this was a strategy of patience and precision, requiring the kind of focus usually reserved for watching paint dry or waiting for a memecoin to moon. The trader noted that the method didn't follow a pure exponential curve due to varying wager amounts and occasional larger payouts, but the result was still an 8,300x gain that would make even the most seasoned degen weep with joy.
The final trade that sealed the deal was a massive bet on a Bitcoin pullback. Citing rising geopolitical tensions and a surge in short liquidations reminiscent of the October 2025 crash, ascetic wagered that BTC momentum was slowing. The call was perfect, turning $51,000 into the final $104,000 payday, cementing a run that will be talked about in crypto Discord servers for months to come.
