Chinese Investor bought 10,000 bitcoin during the dip!

[Jlv]

Great, it means that bitcoin is becoming more attractive to all entrepreneurs and they really trusted the blockchain technology, I believe he will make multi billion dollars profit from here.

[minhlee95]

If I had such an opportunity, I would also acquire a large number of bitcoins during the drawdown, since bitcoin will continue to develop and generate income, which means that investments in it are still relevant.

[onnz423]

Then it looks like he has made a solid $50,000,000 profit then, not bad for a few months work. Though it could have quite easily been the opposite, so he deserves his profit. Normally when somebody like that dumps their coins on the market it causes a crash for everybody else, so hopefully he at least releases them slowly as not to screw everybody else over.

[yoseph]

If I had such an opportunity, I would also acquire a large number of bitcoins during the drawdown, since bitcoin will continue to develop and generate income, which means that investments in it are still relevant.

Well he has certainly gotten them for a cheap price because some people decided to offload their bitcoins and am sure they are really regretting that decision by now. I am sure that he doesn't reside in China since bitcoins been banned there.

[Anonylz]

And what is the problem of this? He was a wise investor and he KNEW that this was gonna happen, the price at less than six thousand dollars was ridiculous cheap, i am glad that i bought a few.

[Koobtcgal]

Great and wonderful news to hear. Bitcoin cryptocurrency are taking over the world now. The time for banks is almost getting over. thank you bitcoin creator Satoshi and the new investor Cai.

[Gintama214]

If I was in his place I would do the same and it would be the natural to do so because if you have a business and have the money, of course, you would invest it in any way you want and bitcoin is a big one to invest and it is very volatile which you can make millions in just  months or years than investing in banks which the interest is not too high compared to the rate of bitcoin. Also, bitcoin is a good investment in a company which the country of China is taking it seriously. This is a start of the companies accepting with bitcoin and will revolutionize our currency.

[Betheng10]

It surely is a good news because big time investors are noticing bitcoin. The bad thing about it is with that huge amount of btc being held by a single person would affect bitcoin in the long run, if he chooses to hold or spend it to be circulated baack in the market.

[Menawikitajodohkok]

sometimes I am also confused when thinking of the country of China. they used to forbid people to invest in cryiptocurrency. even the Chinese state reject Ico / which is associated with cryiptocurrency. but why they forbid but instead violate it yourself .

[Zudalar]

in my opinion it is a very good step taken by some investors in china because such moments will not happen for a second time because it is a very limited moment and invstor china also know the total supply of bitcoin is also very limited so they take advantage of the opportunity there as much as possible.

Yeah well, of course that is your opinion though nobody really knows if he did purchase it for real. Only that person can know that, there's people that purchase coins during the price mini-crash so what about them?

[dimastegar]

10k Bitcoin is a huge amount. I wonder how much money he has. It sounds fantastic to my ears. And this is good news for us as Bitcoin trader. With the arrival of the new pope, the world of crypto will be increasingly trusted by many people.

[Dudeperfect]

Exactly! This is what big whales and institutional investors are doing when it comes to volatility. Even though the great investor Warren Buffet has a different opinion about cryptocurrencies, we must admit his sense of investment strategies and I have observed that his strategies work in crypto too. As he says, "Be greedy when others are fearful and fearful when others are greedy", this investor bought high quantity when the price was at the lowest level. We will see market will mature over the years.

[dificanovi]

https://www.ccn.com/chinese-angel-investor-gathers-10000-bitcoins-during-bear-q1-2018/
There was one Chinese investor who is now trending after he bought 10k bitcoin during the Q1 bear or during the bearish movement at the first quarter of the year. According to the article he was Cai Wensheng the founder of a selfie-app called Meitu which is very popular in China. This man is a good sign that bitcoin really is becoming more attractive to big enterpreneurs across the globe.

this is good news, now have started people see the good side of bitcoin. if more and more people are using bitcoin then bitcoin price will be very expensive. nowadays many big companies will use blockchain for the development and progress of their company.
I'm sure in the days to come the price of bitcoin is much more expensive than it is now.

[Nodehype]

wow, this is so a huge amount

[drachman]

Well, if he bought when the price was less than $6000.. then he is gonna be on a x2 in a few months from now as soon as everything recovers back to its all time high (just like it used to be before)

Someone that can buy 10,000 bitcoins is probably not going to sell his coins just because he doubled his investment he is probably thinking about what the future is going to bring and the huge price of bitcoin can reach in the next decade, and to be honest if I had the money I will do the same unfortunately as you may guess I don't have the money to become such a big whale.

[Sithara007]

Still not as lucky as the Winklewii. They had purchased their 100,000 coins for around 10 million USD in 2013. A few months back, the total value of that investment was $1.5 billion, which represents a 150x rise.

[online73]

This is amazing news - for me 10 Bitcoins, the amount of which you can only dream of. It's amazing! 10 000 BTC! But, the same says about the interest in digital gold, where are the arguments about this news, people who say that Bitcoin will soon burst? I think that the infusion into the crypto economy will grow with the years, and this news is an additional confirmation.

[zhuiyongliang8]

Although China has banned cryptocurrency, the Chinese are very interested in investing in bitcoin. China's dictatorship does not affect people's enthusiasm for bitcoin.

I believe bitcoin has a bright future.

[TheKeyLongThumbI]

There's really no doubt that Chinese are seeing bitcoin as a pot of gold. It has much more worth than gold and silver and the its multipliers can be huge in 1-2 years.

[davidlau0797]

One of the whales, this man is a risk taker not only on bitcoins did he invest but some other coins too. i wonder what he would do for that huge money?

Mr. CAI has also invested in many block chain project, in the field of Chinese chain blocks, he was well-known investor, and he is the founder of the beautiful group, its also has long led the capital do endorsement.

He is very bullish on the block chain.