According to Compounding Quality (@QCompounding), legendary trader Jesse Livermore recovered from bankruptcy multiple times before shorting the 1929 stock market crash. By using over 100 brokers to conceal his positions, Livermore profited $100 million as the markets collapsed (source: @QCompounding, June 3, 2025). This historical example highlights the importance of risk management, timing, and strategic trade execution—key strategies that modern cryptocurrency traders can apply during periods of market euphoria and volatility.