Bitcoin Forum

The owner of this address bought a million dollars worth of Bitcoin every day from August 11, 2021 to January 1, 2023.

https://bitinfocharts.com/bitcoin/address/bc1qw0pswznckx7s6tjmd2f5hrx4q6kc5nyrdxku50
Received:   17,536.2628 BTC (517 ins)   first: 2021-07-25   last: 2022-12-28
Sent:   17,536.2628 BTC (517 outs)   first: 2023-01-01   last: 2023-03-05
Profit from price change:   -239,395,601.9 USD

Approximately $460 million was spent buying Bitcoin, resulting in a loss of over $239 million. Perhaps this investor did not know that the DCA strategy is better to use for a longer period, or perhaps he found a more profitable investment.

Well not everyone focuses on the DCA approach,  some are just stolen hand who are. Accumulating Bitcoin for a longer period, if one thinks of all the DCA value then we, May not have memorable Bitcoin spending such as the Bitcoin pizza day.

Originally spending over ten thousand Bitcoin on a pizza is quite insane for someone who has a long-term DCA approach mindset,  but to him, he wants to just make that memory,  so it is to those who just stock up Bitcoin for the long term without minding to DCA they are among the Bitcoin OGs.

The mistake is that he did not knew that 2022 will never be a good year for bitcoin and all other cryptocurrencies, but if you go back to history, we know that history will juxtapose into the future which was what happened again in 2022 just like 2018 when the price of all coins crashed.

He continued DCA at the wrong time and sold at the wrong time when he supposed to buy more or wait. Supposing he is able to wait again till 2024/2025 he would have gained massively.

In anything we are investing on, we should learn more about it before investing at all.

he only went wrong when he decided to sell or continue DCA with poor planning. or it could be that there is an urgent need for him to sell the Bitcoin he owns even with the losses he already knows.
we will not know exactly what was planned. but what is clear is that he must have considered the loss when he had to sell the Bitcoin he had previously collected.

As long as the owner of that address will still hold the exact amount that he DCA and will wait for the bull run. It's possible that he can retain his losses and win over some of them. But this will require patience. DCA is still the best strategy but this should be a long term game.
If you're investing millions in it and you've become short as you buy BTC then you should be prepared for the risk that you're takin. It isn't easy to do this strategy consistently even if you've got a lot of money because the paper losses might just discourage you.

There will always be a losing trade if you choose a very specific timespan — even with the most bullish asset in existence. But if this dude continues on the DC-averaging in, then chances are, he/she'll be in the positives some time in the future.

By the way, a lot of coins were sold on March 5, when bitcoin was worth $22,350. But after the sale, the price of bitcoin fell to 20,000 thousand dollars. The investor could lose even more than 10% of the capital. Bitcoins were most likely not sold on an exchange, but on a closed trading platform for whales.
This was probably not the last money, and if an investor spent 2-10% of his capital to buy bitcoin, then we see that billionaires also have losses.

I cants count this as  a lose yet if he decided to hold his Bitcoin for a very long time. Accumulating Bitcoin is one of the best thing to think about when we want a long time investment. Although it might look like he is in loses now but I don't think so because holding for a very long time might be the reason for buying and accumulating. It is very important for us to do some research on Bitcoin timing to know when the market could fall or go up.

I am sure that there are so many accurate speculations outside there that can direct us on when to buy and when to sell so that we can be guided and not to make a mistake of buying before the market falls.

Well, its their money and its up to them on how they would really be that doing into that and also it wasnt just that wrong because we dont know if he do looks after for the long term prospect and not really just into that point. His portfolio might really be that negative (for now) but that owner of said address does really know on where it would be heading. There's no point on cutting losses and there's no point that he would be spending up tons on something that wouldnt be worth. We are talking about millions of dollars on here on which it would really be just that normal that there's always that certain risks because not
everything it would really be going on what we do expect or plan but in speaking about potential then it does really have.

DCA on bitcoin isnt really that bad because sooner or later, we would really be seeing the fruit on what we have done earlier. We might not able to know on how long it would be but
for sure it would really be something that it is really worth to dive in for.

So, how can we really be sure if it's a regular person or a fund? And how do we know if they actually sold the bitcoin or just moved it to cold storage? As far as I can tell, there are still 2535 BTC just chilling at the address bc1qnujzvts45qka3cr2eqqw8ur3q6g6s0ze2wlk5m, which, in my opinion, seems like a cold wallet. Prior to the main transfer, there were two transactions of +1 BTC and -1 BTC, which appear to be test transactions in my view. That's how I would go about it, at least.

Obviously looks like this investor don't have a proper plan to manage his Bitcoin investment or have good knowledge about investment in Bitcoin, someone investing with such an huge amount of money needs proper Bitcoin education,I guess he wouldn't have sold at where he should have hold except if had some problem he needed money to sort himself out. Had this exact experience during my first time investing in Bitcoin, some time around 2017, I bought at the top and sold at low price because I didn't know anything as of then.
Lastly Patient is another key thing we need even when market goes against you because it will definitely go against you as point.

The logic here is very simple, as long as the holdings of bitcoins accumulated or accumulated through DCA are not sold, even if their value drops or stumbles a lot in the market, it cannot be said that he has lost or lost. in saving Bitcoin.

      Because we know that Bitcoin is volatile, and its holder must understand this, and they must also be long term holders who do not care about the price movements that happen in the market because they have a time frame when to sell it.

Yes, as long as you don't sell it, the assets will remain but only the value will decrease.
If it is said that it fails, then it is not true. DCA will provide more asset accumulation with different price values.

Bitcoin is indeed volatile, not even just bitcoin, all altcoins will be more volatile because they are influenced by Bitcoin.
The price movement that continues to fall provides a good opportunity to start buying, and doing DCA with funds that have been provided from the beginning.
Then hold for the long term. Then the profit will be more if the main price target has been reached.
They must be prepared for all conditions in the crypto market.

I believe that this is not the only Bitcoin wallet address of this person, what if there are still a lot of Bitcoin addresses of this? Because if you got a lot of money like this, you are smart enough not to store them in just 1 wallet or address, to be more safety.
But if we only base on this Bitcoin address, yes it's really huge loss for this address. But we'll never know what is the strategy of this Bitcoin address owner.

Just a heads up that distributing bitcoin/crypto holdings over multiple wallet addresses doesn't necessarily mean it'll be more secure, as you could be just splitting up risk. Sometimes, it's better to put all your eggs in one basket and watch that basket carefully.

If he sent his bitcoins to another wallet and it stayed there during the bull run waiting period and still did DCA during this time, he would make a big profit. We also don't know if it was sold or transferred to another wallet. But what is certain is that we must keep doing DCA before the price increases again (although now bitcoin price has started to increase) and not focus on just seeing what other people are doing. We can miss doing DCA if we compare one wallet to another while we haven't managed to collect a lot of bitcoins in this waiting period. So use this waiting period to our advantage.

DCA doesn’t always work. If you use dca to enter and exit trades then it won’t help you in the bottoms and tops. If you spend too much time buying at the top or selling at the bottom then you would be better off just buying everything at once.

It’s not a full proof strategy. When Bitcoin went below $20k, I bought a lot. I didn’t dca because I knew it wouldn’t stay below $20K for long and I would be buying it at a higher price which is what happened. Same when it was over $50K, just sold everything pretty much because I knew the top was near.

https://i.ibb.co/vjB1ZSN/image.jpg (https://ibb.co/87BM6Hy)
Bitcoin was bought for 11 months for more than $30,000 and for 6 months for less than $30,000. If bitcoin purchases continued in 2023, then the strategy could have yielded results, but everything was spoiled by purchases of bitcoin more than $ 50,000 :)
When miners make a big profit due to the difference between the price of mining a coin and the sale price, then you can’t buy.

I see this was also discussed on reddit (https://www.reddit.com/r/CryptoCurrency/comments/yp21e4/the_dca_everyone_talks_about/) a few months ago. I would not say that this is a "failed DCA strategy" of an individual, most likely it is a fund of some sort or even cold storage that is being moved to another wallet. I would assume that the movement was initiated by someone accessing the funds and moving them manually, or some automated process (this would explain why it was moving in chunks rather than all at once). Besides, the entire fund is still sitting at the new addresses and has not been moved to any wallets of known exchanges, so I think it is wrong to assume that the Bitcoins have been sold.

All in all, OP, I think your statement about "failed" DCA strategy is misleading to say the least. There are many other possible explanations for what happened here. How do you know that Bitcoins were actually sold? No clear evidence exists in the blockchain of any such sale. So, I think it's pretty clear that there was no sell-off and the coins were simply transferred to new addresses, possibly as part of an update to improve security.

Talking about this kind of experience whereby an investor made a high and long term volume of purchase on bitcoin than taking the DCA method for his purchasing pattern, the two have an advantage and disadvantages but we have to considers the volume and quantity of purchase made here, if he continues to wait in using a DCA pattern he may not achieved a uniformity in his buying price especially when the market price is already bearish, buying much at once is a good idea because the price will also rise with time.

If it was then in time of uncertainties whereby you buy and the market goes more dip, you would have loose some amount because DCA method is best for this kind of situation, but the overall opportunity is if you can hodl for long, till after the next halving, there's high probability for you to make more money.

Hmm, lot of calculations goes into the DCA. To work on it technically we need to understand how much he sold, how much he bought back from the same money that is compounding. If they have done compounding investment which is buying from the profit + principle amount they are actually way profitable than what we think. If we just going to see a overview such as buying and selling at different prices then that’s going to mess up all the calculations for sure.

Adding more comments from above posts such as cold storage movement etc the math never adds up. May be the actual profits data could only be shared by owner of that address.

Different people have different opinions and it doesn't matter if the current value of his investment is low.
It would definitely increase by a lot when the price of bitcoin increases and since he would have a good average price by then, his investment would yield him nice returns.
Timing matters in any kind of investment but DCA is a great strategy if we invest for a long term.

Investing a million everyday consistently means it is almost an amount that they can do without because they make more. A million sounds big but that is an amount of money that some people can keep in an investment daily, that can be a reason the investor decided not to reduce the money he was putting daily. If he has not yet become discouraged with this investment and sold it off at a loss, he will definitely make back his money when bitcoin becomes bullish. The key is to keep the bitcoins safe.

A certain investor wouldnt really be investing millions if he does not have that confidence with Bitcoin because even if we do speak into traditional investment on which a certain individual wouldnt really be
making out such decision if they dont have that long term perspective which does simply means that he has really that confidence with it. It might be looking some sort of error or mistake but we arent
that blind on how Bitcoin did fly with colors specially when bull run kicks in. In order for someone to gain then it would really be just that normal for you to need up to risks.
You wouldnt gain nothing if you wont do nothing.

People would be just simply be amazed and would be focused into someone who do make out huge gains on the time that bull run do happen. This is why its better to mind our own
and not really that too judgmental on whatever these millionaires been doing with their investment decisions. They wouldnt really be making such step
if they wouldnt really be having those considerations.

So many things would had happened in the situation and we aren't aware of, maybe he was given a wrong advise of buying bitcoin when he started that the price will rise the next year but the person giving the advice doesn't know how the market works. The inventors might be some old rich guy that's looking to double his money quickly and would had be disappointed after DCA didn't work for himself then quit.

If he wasn't looking for a quick profit, he won't have sold his Bitcoin instead continue holding and be buying more. Maybe it could be he has decided to cut his losses short and diverted the capital to other investment that he feels will give him more profit in the shortest time.

He might have also sold out of panic of losing out or there was a necessity for him that requires him to go back to his bitcoin investment. That is why when one is accumulating his coins,he should have an emergency spending and also know about the market strategy to enable him overcome the challenges during the bear market. The worst of it is that if you sell due to panic or due to the fact that you invested all your funds on bit coin,when the price gets very dip,your might get discourage and sell off because of lack of knowledge on how to hold for long to make good profit. When holding for long,there is a time that you buy and the time to stop buying.

The DCA strategy, in my opinion, works because many people utilize it. That is usually used by experienced investors who have shown to make money. DCA, in my opinion, won't work if he did not understand how to read a market phase. If you use DCA during the distribution period, you will almost certainly lose a lot of money because the market's next move will be downward. As a result, if you use the DCA strategy to invest, you must also understand how to analyze the market to increase the probability of being profitable in the future.

Might also not be an investor let alone a DCA investment. It may be a random person trying to use bitcoin transactions as a payment escape channel.
Sent up their format and wait for deposits (once, twice, thrice,  maybe time to cash out)

Who knows he might have found a shit coin to perform pump and dump with his team and he was asked to sell at loss since he's gonna make the profits more in his new investment.

All I see is an unwise/inexperienced person trying to aggressively invest in Bitcoin if such is truly buying it newly but I doubt that. This person might already have his coins and trying to safely keep them in many other addresses. Regardless, educating ourselves on how to invest is so important, this is as reading the chart is vital so that we will not just be blind investors. Imagine someone started investing around the peak point of Bitcoin and continues to pump it despite the market being in a long-term bearish phase is foolishness.

But thanks to Bitcoin, the monetary value could be lost for a long time through this, but in the end, such would still laugh if the coin could be kept untouched as the future of Bitcoin is getting more promising every day.

That said, the DCAing should also not be faulted here, there is no perfect approach for it, but one should be more speculative to know when it's a no-no to invest in the market at some times. These are times when the market is obviously bearish in trend.

Most likely this is money laundering, whoever spends huge amounts of money to buy bitcoin at the rate of a million dollars a day surely knows a lot about bitcoin and the DCA strategy.

Also, it is unlikely that whoever has this huge money needed it to start a new investment or found a more profitable investment!!! It is not reasonable to lose 239 million dollars to start a new investment!!! This is suspicious and utterly stupid.

He might have sent the bitcoin to another wallet, as it is highly unlikely that he would have sold at such a large loss.

I looked at the transaction history and it doesn't look to me he is an investor who intends to DCA for hodling purpose, no he is not. I think this is not DCA strategy because we can see barely 24 hours interval for another transaction at which time btc may as well be at same price from the first transaction for interval of each.

What I think is that his action is suspicious and may be hidding some fund from an illegal transaction.

I have checked several recipient wallets from the main wallet transfer transaction, strongly indicating that he distributed balances to be sent to various wallets, assuming they might be money laundering or he deliberately transferred assets because the main wallet was indicated to be unsafe for asset deposits.

If he just moves assets to various other wallets then there is no word "loss" 239 million dollars of primary asset, recorded loss is just accumulated based on the purchase price so he still holds the same amount of BTC but his assets are stuck in multiple wallets, he may have accumulated all BTC assets in one portfolio, because there's no way he could throw away 239 million dollars for any reason.

There is a possibility that the person does not have enough funds to risk in order to continue his daily DCA. This is the first time I heard about someone making a DCA daily. I don't think it makes sense. Maybe a weekly DCA as the shortest span. And DCA system is better used with a long-term goal.

Besides, people should at least familiarize things first before venturing especially if we are talking about big amounts. Over the years, bitcoin's halving is always consistent so far as where the price goes. You don't do a DCA when the price is at its highest or at least make sure that your DCA is enough to cover until the next bitcoin halving. What happened to this guy who is doing a DCA during a major bull run and was only capable of doing it for a few months.

Recovery is still possible though if the person is able to hold it until next year or by 2025.

DCA does not always guarantee you profits. Good planning with market understanding on when to sell and the will to hodl long enough gives you profit. I don't know the reason behind that man's intention to sell, but what he did was wrong if you are willing to get profit from your DCA investment. Hasn't he calculated the total investment and about profit and loss? If he had, then it was a foolish decision, or he was forced to do it. But the lesson to learn from this is, only buying doing DCA doesn't give you profits if you are not able to make the right decision at the right time. This is quite interesting story and we have a lot to learn from it.

DCA also needs a perfect timing, and he should already know this by having such money.
Maybe its just a paper loss, and selling at a big loss is not a good idea at all. Better to wait for the next bull market and for sure he will gets more as BTC is aiming for a new ATH. After this big correction, we might see a better price. I’m doing DCA and I’m playing long, next ATH is the target after all.

Volatility is really one of the disadvantages of bitcoin, and if that person implemented Dca, it is because he believes in Bitcoin so much that he was able to buy such a large amount of bitcoin.

      And there is no doubt that that person is rich, because the value of 460M$ is a huge amount of money, so if it hasn't been sold and if the value of Bitcoin becomes 100k$ on the day of the Bull run, he will still get his money back losses.

we don't know all the angles in this story, hence, can't deduce what really happened. but on the note about the use of DCA, the knowledge really won't assure that you can get profits. it is still on how you implement such strategy during your actual trading.

DCA Strategy is a strategy for beginners who do not know how to invest or do not have enough experience and resources to be able to communicate with advisors, do you think that someone who has access to a million dollars a day will not have advisors to know if this is the right time or not?

The goal may be to achieve a loss so that he does not have to pay taxes in those currencies, or to try to achieve an accounting loss, or for any reason, but this does not indicate that his strategy is stupid or wrong. This address cannot be inferred as a reason for failed DCA Strategy When Buying Bitcoin.
I googled it and didn't find any information about bc1qw0pswznckx7s6tjmd2f5hrx4q6kc5nyrdxku50 does anyone know?

DCA is the best in any kind of situation. But how you are going to make profits depends on your ability to calculate the total spend amount, increase or decrease of value, analysis on when it's the best time to sell and what will happen to the market after this period of time and which will be the best option  in that situation.
So basically profits from DCA depends on choosing the right time to sell and will to hodl until you see potential profits. So what helps you do that? Knowledge for sure.

I don't care for the guy, because I don't think DCA's strategy will fail as long as it aims for the long term. And it doesn't matter what the market conditions are because the goal is as long as they haven't hit the highest price or have the maximum profit they will never sell it, and always take advantage of the dips that occur, and also to increase buying.
and for those who fail maybe because they don't really understand the DCA strategy and also don't have too much knowledge about everything related to bitcoin, because in my opinion the DCA strategy is the best. As long as it is done patiently and consistently and makes purchases and sales at the right time.

You're missing the main point here: Why do you think this person sold?

Just because they emptied his wallet, or because it appears they stopped DCA? Maybe they just started to do DCA with another account... who are we to know.

Also to note is a few of transactions leads to coins not ending up on exchanges, a few examples looked at the biggest transfers:

4,999 BTC: https://bitinfocharts.com/bitcoin/address/bc1qeth6n6ryxexvkx34wnx3nuynun4474h3j0gkhw
4,999 BTC: https://bitinfocharts.com/bitcoin/address/bc1q2we5eqjj8je6lz9xwjattpc3pn4jejc5h0s70f
2,000 BTC: https://bitinfocharts.com/bitcoin/address/bc1qpp3v9k4g5hqjfztextp5nn9808lcru9j8m4n2p

This already accounts for 12K of 17K Bitcoin that wasn't sold. It looks like they just consolidated numerous inputs into a few different addresses for now.

I think that anyone who is financially able to invest a million dollars every day should definitely know about the DCA strategy. It is only obvious that he decided to sell all his bitcoins and this decision may be related to financial problems in real business, or it is possible that he invested in something else, for example Pepe.

What I am surprised is that countries like El Salvador made similar decisions to buy Bitcoin and we discovered that they did not make a good amount of profit, or at least they could have made more profit if they counted the purchase date, so understanding the appropriate strategy for you and the trading period is much more important as the DCA Strategy is for long-term trading and using it With the intention of obtaining a profit within less than 5 years, it may mean a loss.

The strategy has so far proven to be successful for those who want to buy and wait. Whoever bought during the year 2017 lost during that period, but it is an excellent investment if he keeps it until the year 2021 and so on.

Exactly my thought when I just looked up for the transaction. The dollar cost averaging system of investment is one that has somewhat a fix time of investment (weekly or monthly), or strategically when it is obvious in the market that a buy order needs to be placed.
The transaction doesn't look genuine to me.


El Salvador although is a country and not an individual, so there story might be different. However, El Salvador didn't sell at lost, rather they held to their bitcoin and at a time started daily DCA which I don't know the process for now.

If he invested in the long term, DCA is a good strategy and he'll probably win
We well know that until he didn't sold them, he did't lose. Bitcoin is so volatile he should't forget about it
If this person continues on DC-averaging in, probably, he'll will take profit in the future. Hold for the long term
In any way I wish good luck to this person, it's a big money

I don't think the owner of the bitcoin address sold the Bitcoin he bought at a high price for that loss price. The price loss is a huge amount to hold on to that someone can easily lose when he knows that he can get his losses back if he is patient.

Someone who believes in Bitcoin can't pump in a huge amount in bitcoin, only to later sell it all at once, not even selling a little of his bitcoin at a loss but choosing to sell all. That sounds weird and unbelievable to think of.

What I can grab out of this, is the owner of bitcoin transferred the said amount of Bitcoin to another bitcoin address.

The fact is there is not a foolproof strategy to make money on the markets, even something as simple as buying and holding our bitcoin can produce losses if people cannot perform the strategy for long enough, DCA is a good strategy but it requires a huge commitment to keep investing no matter what the price is at the moment, while at the same time you can hold your assets for long enough so they can reevaluate themselves, and this is something the majority of the investors out there cannot do.

I would say that DCA does not make sense to do it in Bitcoin for less than one cycle, that is, for less than 4 years, because otherwise it can happen to you like the case explained in the OP that caught the last rise of the previous cycle and all the way down. To do it right, he should have continued doing DCA until August 2025.

Those with paper hands cannot hold on to their assets if they see the market crashing even if it's just a minor crash, they simply start panicking right at the moment they see the value of their bought Bitcoin falling and they start selling right at that moment thinking that they will lose everything they have which doesn't actually happen because the price eventually goes up again.

And doing DCA doesn't mean that someone needs to buy even when the price is going up if they have already bought at a lower price, they should simply keep holding what they've bought instead of buying at a higher price.

They should already understand the DCA strategy, especially with a large enough amount. I think they know what strategy is needed in the bitcoin investment, with the funds being transferred, they might not sell it, just split it into several wallets or have something they want. plan while we can only speculate what they are doing with the bitcoin.

But I don't think that with millions of dollars just to invest in this meme coin (pepe) is far beyond my reasoning because people who understand bitcoin investment usually won't take risks on large amounts of shitcoin.

Usually noobs does have this kind of behavior on which on the time that they would be seeing some small % negative into their ports whether they do have bought bitcoin or other altcoins which
they would really cut loss and on the time that it would be making out some slight increase then there's that feeling of FOMO which it is really that something no sense to be done.
You would really be able to find for yourself and realize that this is something that needs to be controlled or else you would really be losing money or would really be missing out opportunity
for you to make profits or chances to make some gains too.

Failed DCA strategy with Bitcoin? I dont think so and that person who had been mentioned on OP on accumulating coins but ended up on negative? Its just fine as long
you dont sell it since its paperloss and its not realized until you would be closing up your position. Time will come that those DCA or accumulation you had done
would really be making out some fruit or result someday.

To each his own and in my honest opinion you don't really lose anything in bitcoin unless you sold it but that's definitely a big loss to tank. I don't think he did the DCA strat wrongly here though assuming that he has enough time considering he did this in the span of almost 2 years. It's just that his timing is not that great considering the losses that bitcoin took last year from all the drama. Pretty sure he's a diamond-hand too that holds as much as he could before selling, so he's good to go as long as he follows through with that plan. Otherwise if he has already sold most of his bitcoin holdings then he's really in for a massive loss lmao. Losses aren't realized until you sold as they say.

As long as you are still holding and, its just a paper loss and if he will not panic during this bear trend, there’s a big chance for a bigger profit. DCA might be boring or might discourage you in the long run but if you have the goal and you want to focus on that, you can achieve it. DCA with Bitcoin is not wrong, try also to but other coins and again the golden rule is never go all in, we have to practice this.

Ehh Idk, man DCA'd for 1 1/2 year, I don't think he'd be dumb enough to sell it all at once at a loss that big. He probably separated it into different wallets or something similar to that, or maybe just a new strategy he's trying out. Definitely don't think he sold it though. Plus with the amount of money he has, I don't think a financial advisor would be that hard to get and they should know about the cycles of the Bitcoin market, even if it was simply basing it off of history.

That, or some kind of emergency took place that needed this amount of money but what could possibly need that much?

Well have anyone also thought wether the individual was a government official who have invested stolen money into Bitcoin then by buying a $1 million every day for almost a year and he just not interested in the dollars cost an average of both his entry point and even the exit price of Bitcoin.

But bitcoin as an asset is best held for the long term to be able to properly fall between its potential profits making.

This is a good point. Unless it's a leveraged then you'll just receive a margin call. But holding it long term, unless you cut loss it sell your asset, you won't lose any. That is what you call unrealized profit and loss. Either you dollar cost average going higher or much better if it's on a bear market where price is truly at discounted price. You buy more as log as you believe that the asset BTC will go higher than your average buying price, it will be a win.

Transferring of funds doesn't equate the holder sold it, that person might just probably stack it on a safer vault, exchange, or hard wallet. So unless he sell it or loose it, It will not be a loss but only a normal fluctuation of price.

First I agree with what you said that dca is only applicable for people willing to hold for a few years, it is not recommendable for short-term holdings only. And it is perfect for long-term holders. If only I had a lot of bitcoin during 2017, I could have bought bitcoin during these days and sold it during 2021, probably my life would have improved somehow.

It's just that during these times of 2017 I made a lot of money at least in crowdfunding projects, I didn't think of buying bitcoin at this time. No one knew that one bitcoin would reach more than 60k$ in those days. So now, I'm also trying to save at least a little so that I won't be at zero in the coming bull run next year.

Someone who has money in millions definitely understands how finances work and he probably also know how to manage risks and the investments he made, with all these speculations, we are probably missing something because a millionaire or maybe a billionaire will surely not make such a move that will cost them more than 230 million dollars. There must be another side of the story that is unknown here.

If I have enough money to be able to buy Bitcoins worth a million dollars everyday, I would probably understand how things work, especially if I'm doing DCA, I will surely keep a track of my investments and my target price for selling, and even if I sell some of it, I will surely be doing it for a reason known to me.

There is always potential for loss in trading and investing strategies but if this guy persists then chances are he will get good returns in the next 1-2 years. Of course there is a reason why I say that and maybe you can already guess it.

If this guy went out and stopped trading and took that big loss, then maybe he really did let go of the loss. But I think he just needs to change and plan a better strategy especially the potential for better bitcoin after the halving can be expected. Of course I don't think this guy has quit forever and tried something else, but maybe he's just waiting for the right moment to move on.

During purchasing of bitcoin for investment so that the investors will as well make its own profit, they does not think of the lose during investment because they all know that if you have the spirit of panicking during investment it will definitely affect you, so good investors who knows the duration of their investment will take before selling out their coin especially bitcoin, and secondly bitcoin have potential theirs no time you want to sell your bitcoin it will not have value, so the longer you keep your bitcoin the more it's close bullish season, when you lack panicking towards your investment its when you will make profit in cryptocurrency investment mostly bitcoin

But with that long, I'm sure that person had already seen the best strategy. And yes, I don't think also that this person stopped but a possible scenario is that he/she moves all the funds to another wallet for the safe keep. Because I believe that this person knows what his/her doing and probably saved it waiting for the perfect time to sell and who knows, he/she is also waiting for the next bull run and selling all of it.

Experienced investors don't easily lose, that's what my take. And they will find the best way to survive, not by quitting.

He might stopped but doesnt mean that he had quit up because we know that there's no such thing about unlimited funds and if ever he had make out some DCA on those peak prices then it should be fine because he had been able to do so with Bitcoin unless if he had dca on some shit coins then for sure this losses would really make that huge impact but since we are talking about Bitcoin then it should be fine.
This might be involving that long wait but doesnt mean that he would be needing to wait forever. For sure he would be able to earn profit even more on the time that the market would really be making some
u-turn.

I agree on what others been saying that as long he didnt close his position or havent sold out on loss then it would really be just still that fine. Holding isnt really that hard
but not totally specially you do know and see on having multi millions in negative.  ;D

when it's certain that the market is ready to drop ,Another strategy which I have used in addition to DCA which has profited me in the past is starting to buy first with little amount of money and increasing it while the market dips down, for instance if BTC is expected to drop down from the price of $30k to $25k or lower to start your accumulation you can start by increasing your buy orders with a difference of $5, $10 or whatever price difference that suits you, let's say you buy $10 - $15 - $20 - $25 - $30 - $35 - $40 - $45 - $50.

If it was a sale of coins, then their owner probably did not sell bitcoins on the exchange. There are many other options outside of stock trading for large transactions. There were options about violating the security of the first wallet.
But if the owner was not afraid to keep all the coins in one wallet, then he was not afraid of spying on his coins.

Since it is very clear that if he sell now, he's going to be on a bad lose and sending it to another wallet is the est idea looking like he might have sold it. Rich people don't buy to sell at lose unless the unbearable happens. It is only an average man that would buy Bitcoin to hold for long and sell it due to financial problems he might to facing having no alternative of getting funds to settle his bills than to sell his holdings and settle his problem.

 The rich would always want to hold for a long time so that that can have a taste of the benefs when the value of Bitcoin appreciate very well. We cam decide now when the value of the Bitcoin is being sold or is transfered to another similar wallet.

As a Whale, then you wont really be that so dumb for you to sell on lose specially that even on small percent movement you would neither be gaining or losing, but basing up on the price on which he do
able to get in then he's still definitely on negative as of this moment on which it would be understandable that he had stopped on DCA on the time that he do sees that the price goes down even more.
For now then for sure that he's still monitoring up on his holding but dont mind on touching it out.

There's no sense that you would be selling out in loss. The great missing opportunity on here is that on the time that Bitcoins price hits up $15k on which it is the sweetest spot for you to DCA
if you do have millions of dollars but since this market is unpredictable then you cant really tell on where it would be going and this is why these kind of mistakes and missed
opportunities is really that something very common but doesnt mean that it would be over. As long you arent selling it on loss then those arent considered to be a total loss.

While true, this is usually done OTC rather than independantly for such large amounts (unless someone has a very good reputation for do a high-risk trade). This is because it involves an escrow, or at a minimum a middle-man. So the fact the coins went directly from A to B without going from A to B to C suggests there were no OTC translations or middle-person facilitating such a trade. Also probably worth pointing out that the large institutions that facilitate OTC trades usually have their wallet addresses listed on the various different block explorers as belonging to X,Y,Z, so it's often quite transparent when these OTC trades occur.

As I said initially, if you look more in-depth at the individual transactions, there's no denying it's a consolidation of funds and nothing else. Whether or not they are sent on elsewhere would be a different story.

When exchanging through a bank transfer, the guarantor's wallet is probably used, but if it is an exchange for other cryptocurrencies, then a direct transfer of bitcoins is also possible.If this whale was engaged in consolidation, then why did he first store bitcoins in one address, and then decided to distribute them between different addresses?

Logically when that person has a lot of bitcoins it makes me think that the owner is a person with experience. So emptying his wallet doesn't mean he sold it, and I think more that he did move it to another wallet. I don't think anyone who is ignorant or new to this space would have that kind of money in their wallet.
I agree with you that experience investors will hold on no matter what, no matter how bad the amount in their portfolio is, they will not easily give up and take a loss.

Blind movement?
Trying to understand why he followed to Buy BTC continuously while He knew the market is in Reverse mode and unfortunately, he sold on the wrong time His dedication in 2022 Buying BTC on every spot is really appreciatable.

All i can say is Holding can reward massive in coming time my view.

Man that is so sad and so stupid at the same time. He did DCA right at the point where bull run peaked and kept doing it till we went rock bottom. Even though based on his average price he still might get profitable very soon, might be in just a few months, but this is a very bad way of investing to be honest, you should keep DCA on different levels of price and not only date based DCA so in case price goes up you don't need to do a DCA.

Exactly, this DCA is indeed very suitable for use in the long term, especially in preparation for the next bullish era or targeting a certain period. If the city does DCA and panics every time there are market drops or corrections, well, it's not going to end well.
but, if he decided to sell the BTC under the rate and was not patient,he will exaxtly make the mistakes. except, there is something bad happenned to him and he must sell his BTC for some very important reasons. Because actually we don't know what happen to someone out there.

Yeah if he/she decided to do DCA then selling at these times is not worth it because when we talk about million dollars investment then you should be careful with it and have patience for actual profits to land in your bucket but you see it's our personal call and I would say 3 years time period is good when it will definitely will be more then ATH of $68k so hope for best.

Who would really be on their right mind will really be selling off on cheap or in negative? Remember that you are holding bitcoin and not some fly by night project or altcoins in the market which means that potential and chances about recovery is really indeed high considering its really that sitting on the top of the market rankings, which means that community support is immense.Although we do really just have that market
which is really that truly unpredictable and there's no way that we could be able to tell on what would gonna happen in the future. This is why we do really make out mistakes and bad decisions just because of totally random and unpredictability but just like the rest been saying that DCA on bitcoin is much more worth. You might be seeing negatives but on the time that the market would really make that recovery then
you would really be telling into yourself that you have done such good decision.

It is really just that there are people who are really that impulsive when it comes to price movement is on which on the time that they do see its dipping then they do really panic.Yes its normal since we are
just humans but with due experience and other knowledge that we do have able to get and gain along the way.Then we do really be able to make up that good decisions basing into that.

I think you're slightly missing the point here. Yes the whale held the Bitcoin in one address, but because of the DCA, it was several (dozens) of different inputs. Therefore the consolidation was of various inputs into singular inputs - as is always the case with consolidation of funds - that naturally per tx was a single address. Sure on the face of it it looks like the individual simply transferred Bitcoin from one address to others, because that's what happened, but we're talking about numerous inputs into one address being consolidated into a few others, that's the take away here. Hope that the explains what you were questioning.

This also proves how important it is to select the right entry point when we start to do DCA, the commitment that person showed at the beginning is exactly what you are looking for on someone that is willing to use this strategy, unfortunately for him it was difficult to select a worse moment to begin to do this, so it would not surprise me if he gave up and sold his coins for a loss, however if he had started to perform this strategy once the market had crashed already it is quite likely he will be experimenting some profits already.