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A Bitcoin whale, who accumulated 9,000 BTC in late 2018, has sold after 22 months and two capitulation phases.

A Bitcoin (BTC) whale — an individual investor who holds a large amount of BTC — took profit after two years. Data from Whalemap suggests the whale purchased nearly 9,000 BTC in the third quarter of 2018.

The whale held on to the BTC for nearly 22 months, through two major capitulation phases. Bitcoin dropped to sub-$4,000 level twice, first in January 2019 and second in March 2020. The investor waited through both periods, ultimately selling at around $12,000.

https://cointelegraph.com/news/this-bitcoin-whale-sold-at-12-000-btc-price-after-hodling-for-2-years

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Who said that bitcoin is no longer profitable?  :)

I'd do the same if I were him, it's been almost 2 years so why not taking my profit out of it.

Investors like him could have a target price range and volume, possibly he sees it is reaching his target so he sold it at $12k.

9000x12000 is $108,000,000 upon this basic assumption this is a very huge dumping made, would this also create a huge plunge in bitcoin price? any math geek here?

Im not good in math but $100M wont really make out some significant impact on Bitcoins price in the market.So this one wont really be that much to worry on.

Back to talk into that whale. This one resembles on how patience do work. 2 years wont really be that easy specially if you do saw when market prices do take hard plunges and repeating the same
movement over the past years.

This do really involves strong self-discipline on following up your target or profit area and this time had come on which it really did pays-off specially if he do able to accumulate on very low levels.

True, because bitcoin daily trading volume is now around, $25 billion, so that would only be 0.40%, not even 1%, so you are right, there's no significant effect on the market.


You forget to say the "TRUST" in the bitcoin as an investor would not hold that long if he did not trust bitcoin considering we have lots of dumped happen in 2018 and 2019, and even this year in the early going.

Yep, patience pays in crypto especially when one has bought the deep but lets not forget how easy it is to HODL when one has lots of money. One doesn't have to worry much about their bitcoin stash or look at it's value with every price change every day. IMO someone who bought bitcoins worth the few $1,000 and had to wait for at least 2 years to cash out is surely someone with strong self discipline.

Ha! Who ever said that has no idea what Bitcoin is capable of.
Well, he might have sold early considering how everyone in crypto space and even in crypto twitter has been very bullish now a days. There's a very huge chance Btc could reach and break the last ATH on the 4th quarter this year or in 2021. Post halving hype, the fall of USD, bullish predictions, and the growing number of Bitcoin adoption are just some of the main factor to consider why Btc will hit new heights in 2021.
I know it isn't easy to hold such patience, specially when you're holding that huge amount of Btc for almost 2 years, but he could've doubled the $12,000 worth of Btc in the next few months.

As an investor, we should have the word "PATIENT" and "TRUST" so that we have the courage to wait the perfect time to take our profit.
I remember the 3rd quarter of 2018 that's the price went down too much and a good thing to accumulate Bitcoin. And now, you will probably happy seeing your profit was there. I would do the same as the big whale decision, good for him.

How about now and the following years? Of course, there's nothing late in Bitcoin investment. It might another 5 years from now it will fold for how many times more than you have expected. So, be it.

There was no information of how much he sold. I have concern on those monitoring all this whales account what benefit does it bring. Taking few profit from this investment can be for a reason. I can attempt buying into other coin but I dont think this dropped that price of bitcoin. The market is more active than at the beginning of the year and accumulation of bitcoin still continues. I believe every whales at this market have expectation in terms of price and nobody knows the time of the peak of bull run and the time of the bull run, so a little profit taking is allowed.

Time doesn't really matter if we know that this coin that we hold will grow. People who have patience and seeing its potentiality will never think about 1 year, 2years, or even more, he can still wait for the price to increase and meet their goal.

Buying Bitcoin at $9k and sold at $12k? He got what he wants and being patient for that long (2 years) is worthy. We all don't have that kind of perspective but most of us sell it immediately once seeing that they also gain a few bucks.

This person is willing to risk and lose his money, and most importantly he knows that Bitcoin will soon pump and make money from it. He never loses his positivity despite that long wait and it drives him to keep patience than get nothing.

It was in the OP. He sold 9000 BTC at $12,000 each, so that's around $108 million but there is no specific amount on how much he profited but still it's inspiring as he hold for 2 years and earn some significant profit, and this proves investing in bitcoin brings profit as long as you do it with timing.

Good timing to accumulate and to sell.

Here, he wasn't greedy to wait until bitcoin will reach its ATH as for sure when bitcoin drop again, he will start to accumulate.


That's what whales do, they have calculated the risk already.

There was no information to confirm the full story. Full article mentioned in op, made by coindesk, was written based on a tweet shared by someone called "Byzantine General" without a single proof that this did really happened. The full tweet was a chart image of btc price and this text:
Link to tweet: https://twitter.com/ByzGeneral/status/1297449142353092609
In this reply to the tweet, Mr "Byzantine General" seems not to answer properly on how he got the information about that whale or even how he knew he is a whale:
https://i.ibb.co/G0by8xj/klgycwdjh6459.png
https://twitter.com/CarlesMassa/status/1297476603153350656

Am i missing something here?  ??? ::)

Let's take into context that the whale has sold at $12,000. He made it and congratulations to him. What's the difference is that he's being described as a whale.

But in all reality, many of us even sold during the $12,000 or at least have made profit when bitcoin reached back to that price.

Those who have no bitcoin anymore.  ;D

If it's true, then that would be super worth it if s/he bought those on $3k range and sold for todate price. Anyhow seems btc still good at 11kish, so nothing to worry of this dump.

He is really a whale. Imagine, he tripled his investment for just 2 years. However, he will regret when bitcoin reach its ath or break it. I think this bitcoin holder is a businessman which need to pull out his investment to get back his track with his other businesses. But who holds it is not a big deal, but how bitcoin made a person more successful. This is a slap for those people and speculators who said that bitcoin will devalue during the year 2018. He bought the FUD and he sold FOMO of other people.

If you've gotten this far and many signs are pointing towards further special moments in future AND you've weathered by far the worst of it it seems a bit strange to me, however he must've somewhere around tripled his money and that's likely to be more than most people will ever need. If I were in the same position with similar amounts I'd probably dispose of half, netting a still decent profit and all my outlay, and the let the rest ride.

It is not easy if you are relying to live with that funds. So this person has the luxury to wait for couple of years before cashing out. Not many people have that privilege. As he already reached his target profits, he sold it even knowing that later on he will get more. Practical in my opinion. Because a lot of people will wait more. That's when greed is in play.

Interesting why he finally decided to cash out? Maybe another crypto investment or business. Such amount will incur huge fees if it is in fiat but crypto made possible to just pay for small fees.

Maybe this is one of the reasons why Bitcoin is at around $11,100 already right :D. Good for him as he manage to hold his coins despite of Bitcoin going down twice to at around $4,000 level.

F*ck those people who are saying that Bitcoin isn't profitable anymore :D.
I knew it already that Bitcoin is profitable short, mid and long term. It will just depend on the skills you got. You good at trading then you can get profit short-mid term and if you are just an investors you can get profit mid to long term :D.

Its very random news. I mean there are tons of whales that got burned by investing in bubble and selling with loss.
We only filter news we want to see, that is very misleading and its hard to get any conclusions from such news.
If many many many whales would do the same, that could be some indication of news we don't know yet or else.

Well, it has been 2 years. Heck, even if he sold at around 3rd or 4th month of this year, the profit would've been more or less the same. He actually lost out since if he sold by then, bought again when Bitcoin went down to $4k, then sold again now, the profit would be twice or more of what he has right now. Though you can't really say that this would happen back then, so it's understandable why he couldn't/didn't do as such. Probably a bit? But not so much. It's like two to three drops in the big ocean. It'd make a ripple, but it shouldn't even make lasting effects to the market. He probably just wanted to reach the barrier of $100m before exiting, might have been his original goal back then when he bought that amount.

Those who always lose on trading because he doesn't know anything about it lol.

Keep in mind that some might win but more are losing in trading. That whale only profited because he was smart enough to invest in a dumping phase and sell it high at around $12,000. As of now, Bitcoin is losing price again which means a lot of people who invested around $11,800 lost money.

I would really consider taking profit as of this time we are in a pandemic a global crisis and there are so many people who lose their job.
I think it is a great move for whoever the whale is who knows what the person is going through.

Investing in Bitcoin must have patience, because we never know when the target is achieved. What the whale does with
hold Bitcoin for 22 months is still relatively fast. I found several articles of many people buying Bitcoin at an all time high
price until now they still hold Bitcoin that they have. Indeed, that is the correct way of investing in Bitcoin, we must be
patient until our selling target reached.

Thats a huge profit mate and i really admire people with this Guts and risk to invest large amount and can keep it for 2 years.
Imagine how much the price of Bitcoin in the 3rd quarter of 2018 and how much when he sell recently?

The Price ranging from 6-7$k and now making it double after 2 years?

no banks or even other investment company can offer you such profit ,and now for sure this whale is waiting for the correction or another Dump to buy back again.

Is this the reason why suddenly the price of Bitcoin falls down again ?

Maybe that whale expected too much and missed the first chance to take profit in 2019. Then now the whale took profit with a second chance, in 2020. If he did not expect too much for the rally in 2019, he has at least 2 chances to double their BTC, the dump in late of 2019 and the latest one in early of 2020.

Fortunately, he accumulated bitcoin, hold it patiently and have not yet been panic by FUDs. Eventually, he had chances to take good profit.

Patience, determinantion, and stick with your plan as well as your belief in Bitcoin.

I wonder how much is the the transaction fee of that, or maybe, this whale have multiple accounts to hodl the bitcoin and when he sold it, the transaction fee will be higher.

Anyway, it somehow proves that patience do really give us a profit in terms of investment. Imagine if that whale bought at $4000, sold at $12000. By the way, have you seen the transaction in block explorer? He could have been one of the reason why the market goes back to $11500 now.

Holding for almost 2 years end up really worth it for him/her because he made profit. Its an example of being patient with his investment, he never lose hope despite of the ups and down of the market.

Well those who said that are not patient enough and just want to see the result of their investment in short time. It is still profitable if you hold and sell at perfect time.

That's why I often say that bitcoin is not suitable for short term investment, until now I still keep my bitcoins even longer than this person, I believe bitcoin will touch over $ 100k in the next year, but I will see if in the end this year the price touched $ 20k, if it works, chances are we will take a new ATH next year, my message is also to investors who buy bitcoin don't need to panic when bitcoin prices drop, just take that opportunity and hold on to your 1 or 2 years will benefit, lol

agree, that bitcoin will make an increase in the next year and not a prediction so far that the increase will occur this year. but bitcoin will be seen next year's price from the end of this year price will be achieved by bitcoin in what range?
if this happens by the end of this year bitcoin can touch $ 15K +, it is likely that next year bitcoin will experience an increase of 2x or even 3x the price in 2017.

Definitely. Holding Bitcoin is huge risk but if you have faith in it, patience and determination to stick and go on with your decision you will surely reap what you sow. In this regard, Bitcoin is really worth for long term investments.

I take these whale alerts with a grain of salt, you can't prove with 100% certainty that and address or a collection of wallets belong to one person, it could easily belong to a service or an organization.

But even if it's indeed like they say, kudos to the whale, taking a 200-300% profit in 2 years is pretty good, even if Bitcoin has potential for much higher prices, there's nothing wrong with taking this kind of profit. However, I would always leave at least 10% of all my coins for the future, because there's always a chance for crazy high prices like $300,000 or more.

No, the investor would have thought about this as well, he would either have sold it in chunks or maybe OTC trading, but selling on market would easily make the price crash below $10k pretty easily for some time where the investor could have lost serious money in the process. Hats off to him for accumulating this many bitcoin and making so much profit on top of it, only a few understand the advantages of bitcoin and out of those people only a small percentage of people invest a large portion of their wealth into bitcoin. He came, conquered and left, huge respect for him in the end.

Nice story about how you can make money by investing in BTC, but in this case it's about someone who was a rich man before the investment because 9000 BTC costs a lot even at a price of only $3000-$4000. While some will disagree that it should have sold now, or that it should have sold only a portion - it may be a strategic sale in anticipation of some new big dump or there is an intention to invest the money in something else.

Although the profit is very significant in this case, it should be taken into account that in the case of legal withdrawal, this person must count on paying taxes, which in some countries can be quite high. However, if the lucky person lives in some countries where there are no such taxes or investing in crypto is regulated in some other way, it is possible that he will keep all the profits for himself.

If that amount is in my wallet?i will do the same ting mate because that is a 100% profit from what i see when the time of purchase.

But i have different view since i only hold small amount of Bitcoin though i am holding almost same time with this whales.
Short term or long term the thing is Bitcoin can grow again after losing the value no matter what happen so lets see the next pump sooner.

He is a wise investor and a very patient investor but I am not very surprise with it as I know that he has plenty of money knowing that he is part of big whales out there.

Upon checking the bitcoin price last 3rd quarter of 2018, the maximum price of bitcoin at that time frame is only $8.2k meaning if he sold it at $12k then he already earned almost $4k in every bitcoin that he holds. What a wonderful return of investment.

Nothing to worry about, what do you mean by that? I would worry when a huge whale dumps his holdings. That is a clear signal to all of us that NOW is not a good time to buy, but instead a good time to SELL. Why should anyone pick up the tab for that and other whales that made a killing, and possibly be left with holding the bag with large losses later on?

Perhaps, that is the best solution for him to sell his bitcoin at $12k rather than wait for longer. I think he has his calculation to sell at that price after he waited for 2 years of holding bitcoin. But I think he still has more bitcoin, and he wants to sell it at another high price. But if he already sold all of his bitcoin at $12k, hm I don't think that will make him happy if he knows that bitcoin price can break $15k or even higher in the future. But with that money, he now has time to wait for a flash dump or another downtrend of bitcoin price so he can buy more at a low price.

But if I were him, I will not sell bitcoin just at $12k, but I will wait for the price to increase more than $22k. But selling at $12k to rebuy bitcoin will be the right solution for him as he can get his money again plus he can make a good profit, and wait for another downtrend to repurchase more bitcoin.

What could be the reason behind his dumping of his coins when he can dump a percentage of what he's holding he could dumped half of it and wait a little more time for Bitcoin to reach $15k this year which is not really remote, I figure that he still has Bitcoin in his other wallets, no investors will want to dump all his coins he is comfortable at selling with that profit.

Of course, the benefits obtained by the Whales are very many. This is because
22 months of patience in bitcoin and buy it gradually. Bitcoin at the $ 4000 level is the most appropriate moment for these whales to buy Bitcoin.
then sell it for $ 12,000.

This is very crazy, how many benefits can be obtained thanks to the patience and strategy used by the Whales.

This is more profitable than anything with just 22 months. Investing in bitcoin makes people get rich quick, but you have to bear all the risks.
large capital provides a great opportunity too.

Then, literally you're not HODLing If you lost money on Bitcoin you either bought in the red or you didn't hodl (https://bitcointalk.org/index.php?topic=5269429.0)

Bitcoin have a great potential in the future, nothing is impossible to reach new ATH. Even though it takes a long time to wait getting massive adoption. This year is the good start for Bitcoin because many country printing money to pay debt and bank going bankrupt. Bitcoin will be safe haven besides gold.

In my point of view, selling half of it would be a better thing to do in order to sustain his investment. There is a chance for the market price to continue increasing. Its price may be stable at this point but possibility is still a possibility, meaning there would always be a chance. I am not asking him to gamble his investment but to simply continue his investment. The amount would still be there, holding the half of it would be giving him a chance to earn more as a reward for his patience from waiting for twenty-two months.
It might be due to change of interest. He could have moved his Bitcoin investment to other projects which are showing a higher rate of increase of a project that has caught his attention.

Super worth indeed, if he bought at $3K then he made it around 3x from his capital. The cryptomarket is not that small for a 9k bitcoin dump to impact the bitcoin price that noticeable, I believe when he did that no one even notice it.

I think this whale trusts bitcoin more than any asset, the amount that he hold isn't small, maybe a businessman? hmm

I guess he must have bought that Bitcoin at the time when bitcoin was booming owing to its new awareness and without limitations in different nations and then came the plunge in 2018 when things went bearish and has not been on the All Time High levels. He must have bought somewhere around the price he sold it. The investment in bitcoin needs patience.

It is always good and said also that whenever the market is low, or prices had fallen we should be buying it and sell it on high or when you have reached your prices. Bitcoin always bounce back, and this gives ample opportunity for people to buy and sell it. Though holding period could be small or big which is not known but high chances in the end you will make money if continue holding it.

COIN TELEGRAPH:


No one here can actually confirm the coins were sold, the only thing that is know for certain is that the coins were moved out of that wallet address, quite likely to multiple wallet addresses diversifying the value into more realistic sizes (and to also protect against theft losses)

Great call, he might probably make more profit if he continue to hold but i think its already a great call for sure the profit is huge already and investing in bitcoin or cryptocurrency is always a big risk.

It might take a long time before it reach a higher amount or the market could always possibly dump as always so it is not worth it to wait everytime.

As always there are many reasons why people buy or sell at certain prices. It could be a nice round number like $10,000 or $12,000 or maybe his PnL sheet shows a nice profits and he wants to walk away with it.
It's nice that the blockchain let us follow the big money traces though.

So in short this general is saying that if 9000 Bitcoins entered a wallet in 2018 and lef the wallet now it means those coins were purchased back then and sold now. :D
I can think of several other ways to produce the same outcome. How many of us changed wallets and sent coins from a centralized walletor a web wallet to a desktop or hardware wallet? Did he really send it to an exchange and sell everything?

You can see alt this speculation is for the sake of making big news. We dropped from 12 thousand so it had to be a whale selling - let's find a wallet that moved coins at  that time and tweet about it.

He is already satisfied with his profits so no one can tell him what to do. It's really great seeing success investors
like this, a very inspirations for people who also wants to have same results.
Buy in the dip then hold till it reached your target goals, for sure you'll be getting the same outcome, bitcoin whale
or investors who really understand the game.
Now he's going to enjoy then wait for another opportunities, for sure he will monitor the market and see what's the
best position to buy back.

It is very profitable if you have the patience for it, this guy is a complete example of  a good holder, he never let the market dip to make him panic and sell this is really inspiring, I should also do same with a small amount of btc, held for 2 years and see the outcome.
I am wondering how much he got those 9k btc, he must be 8n a lot of profit by now, not many investment will give such returns.

That must be the great Institutional short, basically a manipulation to bring down the price again. They want to lower the price, so it can trigger panic. Then buy back and ride the boat.
I'm never falling with these kind of strategy once again, that's im not selling, and buying theirs instead.

As much as the amount of bitcoin being moved or being sold, I don't think that it will have enough impact to the market short or long term. That news was like 4 days ago and still the price is above $11k, good indication that there's no impact whatsoever.

There are a lot of reasons why this so called whale decided to sold at $12k, but I don't think that he wanted to bring down the market though. Just profit sharing and probably moving his funds around crypto and stocks market.

i can't give an exact price prediction in this thread because it is not the place, but i would be happy if you visit my thread here https://bitcointalk.org/index.php?topic=5043315.msg55073975#msg55073975

We're going to see more shocking bitcoin price moves later this year, hoping everyone is on the train and not getting out of it

I think the shock to many right now is that the price of Bitcoin has stopped rising, and for the last week has been in a slight downtrend. It's painfull to some to look at the daily pricechart and see that one has been losing money. Sometimes the best thing to do is to take a step back.

Thats how trading works. If you are on his shoes wouldnt you sell at a profit already? Sometime we just think that this is whay they thinking what if the whale is really a tycoon decided to invest and sell his profit. Thats business work on some of them but if a certain whale is greedy he can even pulled the price down. Well only a speculative discussion has no ending tales. If the price go down buy more if the price increases take profits. Thats the law of trading, greed can eat you alive when not used properly.

I agree, be a wise trader even if you are only a small trader and take the best opportunity to buy when the price goes down and sell again when the price goes up, the most important thing is to get a profit.
greed only creates losses if your ambition does not match your expectations, when the price goes up you choose to hold it in the hope that the price will continue to rise until it reaches the highest price and it turns out that the price suddenly drops below the price when you first bought it and it is very painful.

This is it the price declined lately though many of us expects it could continue rising. There's really a risks for those who have bought at this stage and seeing it's in downtrend is painful indeed. But we can hold and wait for the increase. Anyway, back to the content we can observe how patience is for the above person who holds of btc and take profit after 2 years is well deserved.

There' s a whole other set of investors that are looking for stability, so, for BitCoin the reach a reasonable price after it's Covid shock and awe fall is welcome news for advocates and investors alike.  (people able to buy just months ago will have at least doubled their funds should they look to cash out).

That is indeed true. Sometimes I fell jealous because I am not courageous enough to make such bold movement, to hold coin for a really long time and don't allow market slope to affect my determination. Congratulations to this enthusiasts because now is the time of harvesting of what you have sow and took care for a long time.

It's the old buy low and sell high(er)! Problem with that is usually that people start panicking when they see the price heading lower and sometimes quite fast too. They get afraid their're going to lose it all, then they panick and dump. Also people get suckered in buying at or near the top, thinking it's going to moon...

It is never too late to invest to get a portion of the reward which is indeed available, there is still enough time available for that because the process of improvement is not this year but will occur next year. those who already have them just keep holding them and those who haven't yet had time to exchange other altcoins to bitcoin. so that at least you can enjoy it even though it's not as big as those who have been holding it for a long time.

I tell you that's one job you are not gonna get paid, I think it is self fulfilling for those people who devote so much time monitoring this big whales btc address at least because of their dedication we are aware of this kind of news, this whale really knows how to play it, from 2018 - 2020 is a big difference in price, especially if he bought at around 3k plus, nice profit.

This just goes to show that the method 'invest and forget' still works on bitcoin. While having a fat stack of money is a huge help to this being possible, everyone, literally everyone can also do the same if they have the patience and the right judgment call on these type of things. At this point in time, a large sum of money has already been poured out into bitcoin that it's highly improbable that its value will just vanish in a short span of time. The whale was just doing what everyone would do if they know how the bitcoin markets work: buy and hodl.

This just goes to show that if you know what you're doing you could play a long waiting game and still ensure profitability. The whale could potentially have waited longer and got higher rewards but I suppose everybody has to draw a line while calculating their risks. The reason I'm saying this is that by the end of the year one would predict a higher price than 12k. In any case, cryptocurrencies provides us all with new opportunities just like back in the day cheap housing was an opportunity for the last 2/3 generations of out time.

The article states that it is not known how many of the 9000 bitcoins the whale had, he sold at a price of about $ 12,000. Of course, it was foolish to sell bitcoins when we expect a significant increase in its price within a year. It is possible that the money was urgently needed. However, if the number of sold bitcoins was large, then it is quite possible that, among other things, because of this, we are seeing a slight decrease in its price. But it's better to let the price of bitcoin slow down now than later, when at the end of the year it will start to grow again rapidly.

That’s going to be a huge profit, although I don’t know what price he bought the Bitcoins at exactly, but the price of Bitcoin was low in 2018, that was after the 2017 bull run and the price dropped. He did really well holding it for two years with all the up and downs, because some people won’t be able to do that.

If I were this whale, I’m probably going to be taking the same move and selling my bitcoins, taking profit and not being greedy, because I know for sure that there are people wouldn’t want to sell, they are waiting for when the price will reach $100,000 for each bitcoin before they get to sell.

If the Whale really has sold their bag, imagine what the "next big thing" they are putting the funds into are and what the returns they hope to get out of those?

This is the proof that whale dumps don't do much to the price right now

Only those who blindly not to understand crypto and being close-minded individuals not seeing the good of Bitcoin but all just full of negativity.

2 years holding is not quite long, some did it more and patiently wait for the right time because they find it worthy. It just how we look at Bitcoin's potentiality and consider it a long-term investment. May we think about risk, volatility, and yes it affects our minds but our faith is very important that can't change our mind and straight to our goal.

I am not a math geek if there is a plunge I doubt it will have an effect on the market movement it could, but the market will eventually recover, we have seen this movement so many times in the past, whales dumping for a profit then correction them recover then moving forward it takes a lot than whales dumping to crash the market.

I think it's a very normal move. They bought a lot at low prices for a long time and in the profit-taking business is essential to ensure profitability. I will do the same in this case, I will sell 1/3 of all the bitcoins I bought.

This type of investor teaches us patience, as he finally made profits after two years and was not affected by the great decline of Bitcoins during the two major events, and this means that his confidence in Bitcoin was great, so he did not give up quickly.

If that investor is so great and so damned smart, then why don't we all follow he's lead and sell. If he so great and sold at 12000, why should anyone buy or hold at these price levels? Please tell me at what price would you guys buy, and when would you sell?

We all cannot predict the future but we can make a research about the market condition. Technical analysis on how the market move and what it show to us. Is it always being a demand or not how long it will be there. There you can guess when to buy and sell it.. Im bet that the whale has his own technical analysis guy to check for him and stay for a long term as it was more safe for him as he got a lot of bitcoin.

Let's keep in mind this could be an "investor" that was already rich (billionaire), to the point that this might not have been a big deal for him/her, or even that he/she sold because BTC didn't bring him enough gains compared to owning Apple stock or Tesla !

It also could be a very big BTC whale and that trade was him buying coins with money already earned by selling at a higher price.

If he is a true BTC believer, he could also have bought thousands of other coins during the last lows, and covered those buys by selling at the current price, keeping a large stash of coins.

We will never know.

if this is true then the trade is one of the biggest and most sucesseful i have geard of. Imagine goinf thru those ups and downs also having balls to invest such ahuge amount of money in the low, when everyone was dcreaming for BTC going to zero. Diamond hands!

Got a price of $ 4000 for 1 bitcoin? Very lucky, I think in 2018 bitcoin value is still around $ 7000- $ 9000. Even though at that time a lot of talk about bitcoin would die, I appreciated his persistence and belief in holding on. Holding for me was very difficult especially coupled with the panic that year because bitcoin fell so deep.

Holding bitcoin for almost two years? He surely deserves the profit.
If a person can hodl and not sell  even after two major bearish trends, then he deserves the profit.
However, it is still not a significant amount of money to affect the market. If the daily trading volume is about $25 billion, then some $108 million isn't something to affect the market.
What he did is just a proof that it doesn't pay to panic sell when there's a price dump.

selling 9000 BTC at the current price is it profitable or losing? because we know 2018 BTC price is very high. so if they sell at the current price it is not impossible for them to sell at a loss

People who leave Bitcoin because they are considered not profitable anymore will regret it later. Because what was shared with all of us
that there was a whale who sold as much as 9000 BTC after 22 months of holding is proof that Bitcoin very profitable. And also this is
a lesson for all of us, patience is the main key to successful investing in Bitcoin. Because most people seeing the price of Bitcoin go down
for a few weeks are already panicking and selling it when it price is cheap.

Correct but if we do base up on the price for the entire year of 2018 then only 1st quarter prices where too high on which if he do sell now then he's still on negatives specially if he bought on somewhere in January  but

if he do able to buy those coins in start of 2nd quarter where it is cheaper specially in December then he  did really make out some good profit on here.
https://i.imgur.com/GCl3cta.png

Most whales from the recent dip had taken their profit since Bitcoin had recovered and reached its highest price this year. This could have been the reason why Bitcoin price dropped recently. I would've done the same, wait patiently before getting my profit. 2 years is quite a long time and he just ripped what he sow. Patience is really needed if you want to earn in crypto. This whale must have waited for this moment to sell at a good price.

And what exactly is a cheap price. Do you know what the cheap price is? Is it 10,000, is it 5,000 or is it 300? Or do you mean 20,000 is cheap?
Whatever the current price of Bitcoin is (or was), someone claim it is going to moon from there. Not sure that is a good idea, and surely 20,000 is very expensive and probably 10,000 also.

Interesting to know his entry price. Anyway, 2 years of hodling, not bad

I think he deserves that after 2 long years. He's enjoying that for sure, and we should be happy about it. It's because no one controls his private keys or mnemonic phrases rather than himself. We don't know if he has plans to buy the dip though. But for now due to the pandemic we are in, I think the profits he had for Bitcoin are his "last resort".

With so much patience, I bet that this is the right time for him. There's no guarantee that BTC will ever reach $20k again, as the market is very unpredictable.

We don't know his age and situation. For instance, If I were a 50 year old, i'd probably sell now and have some fun in my life. What's all that money going to buy you if you're too old to actually use it. We need money when we're young because later we won't have enough energy to really taste the good life. I've been in the crypto space for years and made a lot of money holding, but I feel like I still have time to spend.


Is it really an achievement? I still hold coins from 2014 - 6 years and counting.
There's a lot of people on this forum with coins dating back to the MtGox era of 2012-2013.

Indeed it is an achievement no matter how little it is in your eyes.  Having profit from an investment is good enough to say that the action of that person in investing in late 2018 and selling it for a profit today is another step of his ladder to get richer.

I find it awkward on belittling others because someone holds BTC longer.

He can buy or sell anytime he wanted for. We can only see what tom movement of that bitcoin but we cannot to stop from whales to dump it hard.. This guy might be saving his bitcoin for a lot year now and must be glad to see bitcoin are arise again.

I wonder how much he trust on Bitcoin. It was two freaking years he was holding a digital currency which is more than 100million in values. I must say he has a great patience on him. As bitcoin was so low between these time how he controlled himself from not selling the bitcoin on that time?  ::)

You do really have the point because someone wont really consider on selling out on loss when you have just hold it for 2 years which basically means that he did able to sell out in profits at least.

You've been holding 9k btc for 2 years that you have bought last 2018.We dont know on why he havent wait up for even more longer since he can make out even more money if he decide to held up

but well its his money and he might be rushing up for this price to be attained then release off his bag no matter what kind of reason does he have.

That huge whale might probably reinvest and wait for prices to drop to sub 4000 dollars again, and heck so would anyone with half a brain do also. Dont listen to all the people in here screaming you should buy whatever the price is, they dont care about you or your investment, they only care about themselves.

If the investors was having the patience to hold the coins for a couple of years then he would never sell the coins at a loss. I wonder why he made the decision to sell all of his investment all of a sudden and these are not small numbers by any imagination and the reason for the massive sell off when the possibility of touching the old all time high in the next few months is a real possibility.

It is a massive investment when the price of BTCitcoin was around $6000 and then to undergo two major corrections when he is witnessing millions of his investment going down without knowing how long it could go down and to have the patience to hold for two long years and then to sell off doubling his investment is a smart move and i do not think that he sold all of his coins which is not clear in the article.

That's a lot of profit for that whale. My questions is, how would you withdraw that amount? Will you withdraw it all at once? Or it will raise red flags if you do that?

Well to avoid raising flags everything must be done on the up and up from the get go : use legal money authorities know you have, use an exchange/OTC transaction with everything in order, KYC/AML etc., then when getting the money back, declare the profit to authorities, pay the taxes, and you're good.

I can't see a criminal doing such a big transaction, the first rule of money laundering must surely be to do small transactions.

There should not be any red flags, unless the user is living in a country where Bitcoin is illegal (such as China or India). Since the amount is quite high, I suspect that he might have already gone through the KYC process and may have his bank account linked and verified with the exchange. The withdrawal should be smooth, although it may take 1-2 weeks if the exchange is based in a different country.

Series of transactions had taken place in cryptocurrency world when the amount can't be compare to this $Million. Transaction of this nature can't be done by a crocked individual or organization because of the possibility of be track as money launders. Irrespective of this, doing some kind of KYC will be a no issue with this transaction, as such green light from both end(from exchange to Bank). Flags are for scammers and money launderer's.

For a whale like that, it's as simple as transferring 100 - 200 BTC at a time till its complete or better yet, transfer all  of it at once and get picked up by whale bot alerts. Also, Its important to know that to be able to hold and withdraw such amount, it will require some serious KYC verification. Exchanges like Binance allows users to withdraw a max of 100BTC per day for a VIP 1 KYC verified trading account while offering higher limits for more verification. So far the money wasn't fraudulently gotten, it shouldn't be much of an hassle.

I do not think that this can be called a big profit for the whale. After all, if he is a whale, then most likely his portfolio consists of no more than 50% of bitcoins, while the question remains what share of bitcoins of these 50% he held in the transaction. In addition, cryptocurrency is probably not the only large assets in this whale.
As far as the conclusion is concerned, everything will depend on its goals. It is possible that he will fix a part of the profit in USDT and re-invest the rest.

What a way to make grow your money on a 300%, really wise guy. But no all the users have the balls to hold for 2 years and not all the users have the bankroll to buy 9,000 BTC.

Some people in 2014 sales all their things to buy BTC, houses, cars and all the stuff. Let's remember how the prize was $500 back in those days, so, was a wise bet too.

I wonder what price he got in at. Probably around 6k? That'd be a good 100% profit and that too for a large chunk. Some would say it's a bad trade considering bitcoin seems to be in the early stages of a renewed bull run. But as long as he's happy with the trade, then who's to question it.