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He had some 100,000 Bitcoins on March 2018 when Bitcoin was $10,000 to $12,000. Now Bitcoin is $6,000

Read:

At least one individual in China took the term “HODL” to heart as his or her Bitcoin wallet has seen a total of 93,947 BTC transferred to it since March 25, 2018. The wallet’s address is 1KAt6STtisWMMVo5XGdos9P7DBNNsFfjx7 and it currently possesses 85,947 of the total amount in Bitcoin that it originally had, after selling exactly 8,000 BTC off.

Read more: https://cryptovest.com/news (https://cryptovest.com/news/mysterious-chinese-bitcoin-whale-hoarded-94000-btc/)

Your calculation is wrong. He would have lost that much if he would have sold. You know the profit/loss only when you are on the same coin i.e. after conversion is done for real.
He sold only (heh, only?!!!?) 8 000BTC of the 100 000 93947BTC. If Bitcoin falls more and he sells, he'll lose more, if Bitcoin recovers before he sells, he will not lose anything.

Just because he had close to 100k Bitcoins in March doesn't automatically mean he bought them all in March. If he had bought at any point pre-December 2017 (all time high at that point was around ~$5k), he'd still have made at least ~$8 million dollars in profit by selling off 8k coins.

If nothing else, this scenario puts into perspective how well Bitcoin is doing despite the bear market. Same time last year, Bitcoin was trading for around ~$2k if I remember correctly.

If we are going to calculate all Chines investors and individual who invest in Bitcoin it would be billion dollars now, remember that reports on surveys doesn't include individual persons who bought Bitcoin during the high peak.

The Chinese investor bought 100,000 Bitcoins and the later the price fell. There are more sellers.

He didn't sell his bitcoin. He didn't loose his money yet. The price is low now and if he sell it, he may lose his money and even if he would have sold it then the amount would be much more less than what you've calculated. So, holding the coins is the best solution to this situation. I hope he would go with this.

I remember there being news about this, people noticing that somebody had purchased 100,000 bitcoins during the dip, not sure how they worked out it was a Chinese investor though, unless somebody previously claimed ownership over the account and then proved it. I guess we're lucky he's not selling out, because that amount of coin could just crash the market on its own.

It's hard to know where to go on the organizers. Only fear everything is game shark to lead us to the instance.

A news is being heard that a Chinese investor has already lost approximately 100000 bitcoins i.e. about 400 million USD worth of botcoins. Not a good news to hear actually.

So you think the he lost the amount just for the huge drop. Well, I think if the amount of bitcoin is still with him, he still has the chance to will more than he is thinking lost.

The crypto currency market can turn out quite profitable for investors, but then potential risk of losing invested money exists. If the investor does not have good strategy and beforehand planning with good market knowledge, the investor will face a loss. The same has probably happened to this investor, but this doesn’t mean this market is a complete loss, a good strategy and timing can bring large profit.

He didn't lose the money yet. I hope he sell it when the price rises high

What if he got that bitcoin when it was below 4 digits? So its not a lost on his/her end. I'm sure that that person is a good investor and maybe offloading is a good thing for and that person still profits a lot even though he sold when bitcoin's price is $8K. And he has still a bag full of it, and so I don't think that he will sold again at this price. So there's nothing wrong in holding it out and when bitcoin make another bull run and even touches 5 digit again, that person will make a huge profit again and as if nothing ever happens.

That's a stupid assumption OP. The fact that he transferred that amount to the given address doesn't mean that he had bought the coins right at that moment. What if he bought his coins in November 2017, held on an exchange until the value was right, sold at 20k, withdrew fiat profit and bought more cois again? He may be sipping drinks on his yacht knowing that he still has valuable coins and his fiat is back in the bank.
What's the point of this story? Are you trying to scare holders?

investing iin bitcoin is also part of thier business. chinese is very meticulous when it comes in business. so if they have that huge amount aof bitcoin. i think they sell some but not all, chinese has good strategic when it come to business so when the price is slowly down they sell some and dodl the rest.

The investor in subject didn't loose much if you ask me cause I checked wallet transaction information the investor still buy some bitcoin after the all time high price I mean he/she still invest last month and this month either. So, I won't say he/she loose any investment yet if wise enough.

Maybe he sold some because he found a better investment or with a small profit, even a 1% profit is a huge amount when we see the number of sold Bitcoins.
I think he is not too stupid to sell now and he is planning to hold until the right moment.
A person investing such huge amount of money can't be that stupid.

Yes, 5% bank interest for $5,000,000 = $250,000/year (100% safe and insured). Gold and Silver give average profit of 8% to 20% per year and it is safest investment for next 100 years.

There is $10 to $100 worth of Gold in each Computer processor (Intel, qualcomm, celron etc..)

There is 20 grams Silver is in an average sized solar panel. That runs world economy, business and trade.

that's it if i have it i will be happy .. it is a very exciting amount .. !!

Cryptocurrency is actually a business, so we don't expect too much that all people here who joins are much on gaining, we consider the fact that sometimes there are also situtions that happens into several forms of capital losses. This business is actually a very lucky and giving more opportunity and chances to the people but it needs also more time and efforts with good strategy and timing in order to avoid any risky things to happens.

Nothing to lose if these people just hold their assets in bitcoin, but the big mistake here that chinese investors didn't wait for the bull run to happen. Right now were at the midst of uncertainty, and yet the huge fall was part of the best bitcoin price gaining process. So the point here of being very excited, then it's a good vibes over  future price increase and that will be much exciting for everybody who patiently hold their bitcoins. If those investors from china could feature out the reality of bitcoin, well its beyond limits and couldn't be predicted in accurate thoughts.

very horrible
imagine how many houses and cars I can buy with the money
a very fantastic amount, even I was very dreaming to get that big money

100k BTC is more than enough to make life happy

Well the owner seens to be that rich so he would not mine getting a loss on some of his money. Anyway maybe he did not sell his btc and it was just being invested to altcoins as we all know that btc could be used as a paymeny for investing an ico projects.

It is more than enough to live your life completely.

This holder sold some but still he is holding more of it and I guess he has to cash out due to some circumstances but whoever is this Chinese investor, he's really a bitcoin believer.

He is not yet selling all of it so he didn't lost $400M on an instant.

If this guy starts selling on $11,000 there will be another hardship of breaking through another level.

Big loss already but ..!
The loss is not actually incurred unless the sale is made
And I think this man will sacrifice more time
Rather than sacrificing more dollars
Because it does not guarantee where the market is heading

youre right mate,maybe OP is just a newbie that has nothing to know about how market goes

We are not losing any single cents until we sell our bitcoins because only the value has decreasing in downtrent but not volume,so as long as we are having the coins we are not losing anything at all

Maybe he transfered his bitcoins to his other account ?
It could be happened because we don't know whose address is that, and also we can't track em

Well, he has less Bitcoins,  it doesn't mean that he has less money.
Anyway, if he believes in bitcoin, he will hold and wait until ATH. If he giveup now and sell all bitcoins, he still multi millionaire.

Now bitcoin starts falling from $6,200. Past one month Bitcoin is between $5800 to $6200

i lost too , but we dont play on the same galaxy as this whale  ;D

This person may hold BTC for a long time? The price of BTC cannot be seen from a short-term perspective. Now it looks like a loss of 400 million dollars, but if the price of BTC reaches tens of thousands of dollars in the future, it will certainly earn a lot of money.

Every game loses and wins, if they sell their assets at the current price it will definitely hurt their assets, because they can not wait for HODL, I guess if they wait patiently, it certainly will not lose that much.

very sad, his prediction is wrong, I think he should be patient and become a holder for a long time, selling today will only make him suffer huge losses, he will lose half of his investment.

 certainly, more sellers make bitcoin prices and market prices down more drastically.

The current bitcoin price is very falling, and we should either hold our bitcoins or we buy them again, and I think to be patient for investors.

the investor hasn't lose anything except the for the amount that he sold ,
The investor would only lose his/her investment if he/she sell all of his/her investment .
Who knows maybe someday Bitcoin would go high again then for sure the investor would get a huge profit from the risk that he/she take.

I am not actually sure how correct this information is but as far I know these kind of incident Didn't happen cause it's quite impossible to loss this much amount , this only happen if the holder try to sell it when the market price is down , the seller must understand the market situation before doing any selling or buying.

I hope that was not a true story because it's so very horrible and devastating. I can't imagine someone losing that kind of amount because of bitcoin. Always be careful to avoid those kind of loss and stay safe. If that news is true then I hope that the owner will not lose confidence and hope just keep on living and have a great comeback.

Guys, you have to remember that this user is a shill for Gold and Silver industry. <browse through his post history> He will always drop something in his posts to promote Gold and Silver investments over Bitcoin. His argument is totally ridiculous, because he ignores the opposite outcome in that scenario. <If the Bitcoin price goes beyond the purchase price of that investment, then this person will make a ton of  profit>

I wiped out my initial capital investment in 2017, with a 800% profit.  ;)   <How many Goldbugs can say that?> 

It is a loss of money too large, he will not be compensated, he will not get a loss on his own money. Anyway he can not sell his btc and it is only invested in altcoins

and the Chinese investor who is down with $400,000,000 in 6 months. What about that ??

That's an interesting post. Well, maybe he did not buy all the coins at a time worth 100K. You can never deny the fluctuations of crypto market.

And I am pleased to see that there are large investors who invest in bitcoin. It does not matter when, today or in March 2018 or December 2017. It is important that investors understand the importance of bitcoin in the future. and what he brought out, says nothing. Maybe he bought coffee in Starbucks and paid with bitcoin.))))

Thank you for the article. I will tell that he didn’t lose that much because he just sold 8000 BTC and other are remaining. He will not do lose if he hold the coins instead of sell them in this time. Because I believe that the market will recover within the end of this year and if he sell them at them time he will be profitable.

I think he will be more damaged if it sells at this time.
 holding assets is something to do in investing. maybe at this time the price is falling but the end of the year could be the price will reach $ 15k and it could happen

I wonder where he took so much, that would have to buy a billion dollars to enter the cryptocurrency.

Although I doubt that it was bought for cash currency, there are transfers to the tranformation of 0.000006 BTC, who probably collects for a very long time  :D

He's by no means a loser. Many well known investors and holders like Tim Draper or Richard Branson held coins at the time of the correction and nobody called them losers. They also held coins when they were reaching new highs. Does that make them winners? I sure think it does.

The key is when will the bitcoin come back? Is that feasible? Or is it never happening? HOLD is not a strange term, but for that big money, it's dying.

Waw. This must be quite devastating giving that he has lost a little below half of his investment but I am positive things will spice up. If I were him, I would exercise patience.

The crypto market is really variable based on this market its like share market when or how the price will vary we don’t know based on this we need to gain knowledge about this problem also its really sorry to know this that it happen so we should always careful before investing money.

how can he loose that amount if the bitcoin is still in his wallet.its not lost until he has sold it.

I don't think I have lose anything yet in as much as he have not sold a he's BTC yet. The only option here is to keep holding!

Actually I think that the OP loves to make posts in favor of how bad is to invest in Bitcoin, and about an alleged Bitcoin's doomsday.


This is a very good question. We don't know when Bitcoin will recover. We don't know if Bitcoin will recover (but common sense and math tells it really should).
For that big amounts of money they should keep their eyes open and at the point Bitcoin fell under a certain level they could have sold. Since they didn't, maybe they expected too much or maybe they expect (more than OP) that Bitcoin will indeed recover to the levels they bought in rather short time (one year or less).

he was not lost yet because if he still holding the bitcoin. but if he sell it it was a sure lost if he hold and get over 15000$ that was a huge profit for a long term of holdings, holding is worth it if you know the routine.

A person who has $1,000,000,000 for trading can afford to lose $400,000,000. As they say "Karma" or "as you shall sow so shall you reap"

Worldwide people do $3000/month to $8,000/month jobs.

Yes, but in the new crypto project as in Socratus you will not lose I guarantee you

This is pretty much the nice reply I have seen. I mean I can relate this to one fact that the investor might not have lost anything at all. What if he bought all those bitcoin at the rate of 500 bucks or may be at the rate of couple dollars back in years? With that rate of investment he might not even loose anything unless and until he sells his coins below the rates at which he bought the bitcoins. Just look closer, he will never loose anything until that point and all he has got right now is booming profits, thats all.

I think this is madness, invest all money (a lot of ) in one place is a bad idea.

The market is quite unstable and unpredictable. What may come off as a safe bet may look like the complete opposite. This loss in investment indicates that if we do not play our cards right and do not have a good strategy, we may end up losing a hefty amount on money.

When the demand is greater than the offer, Bitcoin will look close to recovering then the "mystery" will sell his Bitcoin slowly and when the demand has been met the red will come back. And so on. It will be repeated over and over again. This will actually keep this market alive. There is nothing to worry about. Especially if only as a small fish. Relax. Follow market trends.

The title is deceiving, this Chinese investor has lost absolutely nothing, it is likely someone with immense quanity of money and he is investing in BTC long term.

This is relavent only at todays prices, if he takes the HODL strategy to his heart so much then he should continue the same way.
Offourse there is a risk that BTC could head even lower but this is the risk we take.

If he wasnt aware of the risk he should not have went so deep in btc at first place.

We can definitlly say lose when there is no hope of a bitcoin appreciating in value or price,but it not all lose if the price will bonces back.All we need is patient it will definitely come up again. 

Did he sell them at a bargain price? I don't really believe that, to be honest. He is clearly a great banker and understood when to sell better. Most likely, the numbers you have named are the sum of his fortune in bitcoins at the moment, not the amount he lost on sale.

Chinese investors really has the most money in this world. I don't think he consider it as his losses because bitcoin is still here. He could still get the money 3x than he invested in just a  span of two years. I just feel that this guy's money came from an illegal business so maybe he does not really care at all.

Come on man, he's still holding his Bitcoin, not yet on sale.

holding and selling it a very different word meaning, and more precisely in it just securing the asset. if only it was Bitcoin on sale would probably wobble the current Bitcoin market and become red again like his red apple.

This person probably bought his bitcoins for a long-term investment and I do not think that he now worries because bitcoin fell. This guy knows what he is doing and in the long run such Holders win.

Yes, this investor just sold about 7% of his bitcoins. He is still holding BTC. Probably, he needed some money for vacations or other reasons right now. It matters, what price was when he bought these bitcoins.

Sometimes I sell a small chunk of my crypto currencies or tokens too, but I hold a majority of my promising coins. I think it is normal behavior.

Yes, that's what they should be, because they invest in the wrong place, but in Socratus

I would not agree that he lost all this money, because he didn't sold his bitcoins, only you need to consider money as lost if you have sold the tokens or bitcoin with the price lower than you have bought them.

But you can make 5000% profits in crypto in a few days.

Gold and silver weights too much

Money in bank is NOT 100% SAFE

Soon need to change thread title to chinese billionaire loving hodling btc buys a 100 tons of gold and a few banks to diversify.

As we all know that bitcoin is a kind of investment and the pumps and dumps are very very common in every kind of investment so one need not to to be panic if the valuation of bitcoin goes down and moreover bitcoin being volatile in nature, keeps on flactuating its valuation and if someone has suffered a huge amount of loss then he must not invested wisely because in in order to get your maximum profit you need to be very precise with your buying , holding and selling your bitcoins.

I only know that a Chinese whale has bought 92,000 BTCs in the past year. And I also think that he would never agree to sell Bitcoin for under $ 15,000. Maybe he will have to wait a long time to get the capital back

Why did he sell in short time ? If he really wanted to hodl his coin, he would not sell it. At least hodl for 1 year so you won't loss because the volatile market. Owning that amount of bitcoin can easily make bitcoin price dump in the market. Just hold it until everyone looking for btc, the price will rise.

Every time I encounter news like this I always ask myself if it is really true. Well if I found out that it is really true it makes my heart hurt. Just imagine the amount of loss he suffer with the system we live in. I hope for the best for that Chinese man and I want him to come back. This is a serious kind of problem and it has a solution.

No matter what if you don't sell then you wouldn't lose anything. Maybe he did something to lose his own Bitcoins and that would have been his fault.

I have the same thoughts as you. The way that whales think about Bitcoins will be different from what we think. While prices have fallen and many are worried about selling Bitcoin at a very low price. But the whale thinks it's a good opportunity to buy Bitcoin.

Well he will still earn a huge profit by December since we are expecting a 20k$ to 60k$ price movement. Though at this moment he may feel a little disappointed with what happened to bitcoin but he will regain his losses and earn a huge income at the end of this year. So in the end he is not a lose and a potential gainer.

I just checked the address you gave, and I saw all the BTC has moved. The total number of Bitcoins received is over 93,000 bits. This is a considerable number. If they buy when the value reaches $ 12,000 then they lose 50% of their investment. This is a stupid investment option.

That's a big number of bitcoin for investment but the investor is trusted bitcoin for his money and I think he is not lose it if he don't sell yet early, as an bitcoin investor also i trust bitcoin that will rise again this year for more than 20k or more as predicted.

It's really stupid to sell to 6000$ if you bought at 12000$.
I have no words...

I think we should consider the actual loss and the loss is not the actual loss unless we liquidate the investment. In this case, the investor has not liquidated his entire funds. On the other hand, we are not sure that if he has purchased more Bitcoins at lower levels and maintained those Bitcoins in other wallets.

Condolatory !
Good luck not to you!
But with the market like this BTC will increase rapidly in the coming time.

How true really is this news? I am not convinced about this. $400,000,000 is a whole lot of money. But no matter what, I still will not blame the investor for deciding to hodl. He should even hodl more till Bitcoin bounces back fully.

Maybe more precisely he doesn't lose money, but loses or sells bitcoin. You should be able to distinguish between FIAT & BTC. FIAT's value will continue to decrease year by year, the value of BTC will increase slowly but surely.

FYI, maybe he moved the balance to this address

https://www.blockchain.com/btc/address/183hmJGRuTEi2YDCWy5iozY8rZtFwVgahM

He invested $1 billion in Bitcoins and the price fell to $6000.  ;D  I have some big buyers at $5000

There aren’t any realized losses since the investor is still holding the bulk of his BTC. And we do not know what is the price he bought his BTC for.

I don't seem to understand the post also. Are we talking of 2 bitcoin holders here? What has the hodl got to do with loss? You are reason why some thread are uneccesarily deleted by admin because the OP was actually not clear enough to make a sensible contribution.

The Chinese investor loses $400,000,000 in Bitcoin and the later the price fell. There are more sellers. I think he will be more damaged if it sells at this time. holding assets is something to do in investing.

Something I at first too did not understand the calculation. You have correctly noticed, and I want to add that the case when you have already sold bitcoin is considered to have lost the investment. And until you sell it, you can still win a lot. The Chinese are panicking... ;D

These new investors don't understand the meaning of hodl. Sometime they do not even know what investment means. Atleast hodl for a couple of years. Ether grew to the current price after 3 years of hodl. Be patient. You're not going to do 100x overnight.

If this is exactly what happened to them then we must learn from it. We must know when to hodl and to what extent we should hold. Also we have to know when to sell. Crypto market is volatile and cryptocurrency investment is for risk takers and those who have patience.

Maybe that Chinese investors felt fear during the falling of bitcoin price or maybe that investors badly needed the money that's why he sell his bitcoin even in a lower price. But i think he still gain profit and not lost if he buy his bitcoin at $5000 during the month of march then he sold at $6000. You know that investors that has a huge amount of bitcoin knows what he did and i believe he will not sell his bitcoin if he know he could lost it and felt regret someday.

Too Bad, That would have been good when he relax himself and wait for the bull run again... The bitcoin economy is not for him i think... That huge BTC should have been hodling for about 3-4 years to gets its full Earning.

I assume anyone who is investing that kind of money knows what they are doing, and appreciates the risks Vs rewards involved. That said for anyone who invested big money at the ATH must be sweating a little right now, but if you look at some of the predictions for the long term, they might still be very wise investments.

He lost nothing, it's a lost profit, he just did not do anything, so he did not get the profit he could get.

In fact, consider other people's money is not good - a bad sign. ::)

wow ... if that's the case I think the number is very big. maybe investors in China can learn the experience of investing in bitcoin. I think that's a big disappointment. but must be patient because if terlanjur sold then will not get anything.

the latest info from the wallet at 2018-07-01 13:03:15 he has sent all the remaining bitcon with a total of 85947.12740781 BTC.
Hopefully he does not sell it at current prices ... because if that happens, bitcoin prices will drop significantly

Wooww. I can't imagine that earn money with all my life even BTC rise up to 1M$. And hi has a big loss. I hope he is right.

well he just lost opportunity and the lesson from this case is dont be greedy and just hold your coins cause market will definetly recover.

I am sure that he will make huge profit in future. Such a big investor will be very much patient with his investment.

I :o really wonder how traders are able to hold this much big amount and how carelessly people lose this much big amount in BTC is such an easy way. The transaction is considered in loss only when the holder sells the particular amount or stakes in BTC in lesser than the price at which he bought. We can easily see the power of BTC and how holding the BTC for a long-term can make you a billionaire.

I agree with you because I don't believe in that. Chinese investors are very smart people, so I don't think that they can make such a big mistake in the crypto world.

it's not true is not it? until he cashed them until he lost his money :)

I think he is still making a profit and not missing if he buys his $5000 worth of bitcoin during March he sold it for $ 6000.You know that an investor who has a large amount of bitcoin knows what he is doing and I believe he will not sell his bitcoin if he know he can lose it.

Your analysis is wrong how can you say he has lost when he is still in position of the said amount of bitcoin since he has not sold the bitcoin in his possession, because if he hodl and Wait for price rise he will still recover and even make remarkable profits on the bitcoin because the bitcoin market is always volatile.