A Polymarket user operating under the nickname ascetic converted $12 into $104 146 within two months by placing successive short-term bets on Bitcoin's daily price movement.

Sequence of wagers

The account made a string of all-in allocations, winning repeatedly and increasing the capital after each bet. Each victory reportedly doubled the bankroll.

• $12 → $24
• $24 → $40
• $40 → $79
• $79 → $407
• $407 → $732
• $732 → $2 440
• $2 440 → $5 824
• $5 824 → $7 280
• $7 280 → $11 294
• $11 294 → $29 480
• $29 480 → $53 556
• $53 556 → $104 146

Mechanics and context

The user placed binary-style, short-term predictions on whether Bitcoin's price would rise or fall on specified days, using the Polymarket platform to register outcomes.

The approach combined high concentration of funds and a sequence of successful outcomes, producing a rare example of repeated extreme risk leading to a large nominal gain.

Observations on strategy

Such an execution relies on both accurate timing and a sustained series of favourable market moves; the reported results reflect a specific and atypical run of outcomes.