Chinese Investor bought 10,000 bitcoin during the dip!

[maiduytrinh]

I thought that the bitcoins are strictly prohibited in china? But it seems like Chinese investors wsnt them after all because they always want what is good to their wealth. Rhey knew that the bitcoins will be as great as it is so they will not waste that opportunity because that will be a lot of money. That is a wise move because the dip is a good eay to enter the bitcoins and 10k bitcoins is a lot of money and then the bitcoins will double the price

[MaryClark12]

He is Cai Wensheng, a Chinese angel investor and president of the company that provided the photo retouch application, Meitu, recently announced that he had achieved his goal of accumulating 10,000 Bitcoins. Immediately after the record high of $ 20,000 in December, Bitcoin prices began to decline in January. The world's No. 1 electronic currency reached its lowest level in a year, falling below $ 6,000 in February, and then rising back above $ 7,000. At present, Cai's hoarding assets are worth about $ 96 million.

[nydiacaskey01]

Imagine the damage it can do if this Chinese guy Cai Wensheng dumps his 10,000BTC all at the same time. Would that cause panic to others and Sell their BTC too? And when price of BTC goes down further, and with the ready funds Cai Wensheng have, he can buy it back at lower price and wait for the price again to recover. Possible?

[nicko122]

I'm not surprised at this move by Chinese investors. I think this is the right strategy. They provoked a drop in the price of bitcoin and then just bought a large amount immediately. So now it's better to wait, not to sell your coins.

[clickerz]

He is Cai Wensheng, a Chinese angel investor and president of the company that provided the photo retouch application, Meitu, recently announced that he had achieved his goal of accumulating 10,000 Bitcoins. Immediately after the record high of $ 20,000 in December, Bitcoin prices began to decline in January. The world's No. 1 electronic currency reached its lowest level in a year, falling below $ 6,000 in February, and then rising back above $ 7,000. At present, Cai's hoarding assets are worth about $ 96 million.

Wow, If I were that rich maybe I will do the same.I do believe in cryptocurrency and it is changing lives,really.  These dip right now is just temporary in my opinion and will reach $15,000 or more in coming next bull run. Chinese are aggressive investor too, good in business.

[TamacoBoy]

He took advantage of the bearish market. He also have the resources to make it happen. Hopefully, he'll continue to support bitcoin. If he liquidate it at once, it's kind of creepy situation.

[hongthoa498156@gmail.com]

Earlier, Cai Wensheng successfully invested in domain names, and then began to invest in promising start-ups. Now the main project Tsaya - photo editor Meitu, which collects an audience of 90 million active users every month. The service was launched in December 2016 and was estimated at $ 5 billion. In January 2018, Meitu announced plans to use the block to store user data.

[maivui5411241@gmail.com]

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.

It is a good thing for one to actually see an opportunity and makes use of it. While others are hoping for the downfall of cryptocurrency, some are actually making good money from it. If the said investor had not seen any potential in bitcoin, he definitely would not have acquired 10k worth of it

[greylandm]

It is an achievement for the cryptocurrencies and that people are now aware of it.

[Zebulun18]

I don't think putting resources into bitcoin is a dumb speculation. I see the potential benefit of bitcoin is immense. Numerous individuals are attempting to put resources into bitcoin and I find that they likewise make a considerable measure of benefit from it. I trust the future bitcoin will develop progressively and put resources into bitcoin is completely the correct decision.

[Bessta]

If this is true it only shows that bitcoin despite the dips is still a potential investment. We can still trust bitcoin and to learn our lessons and not to succumb to selling once price is at dip. Taking advantage during bear period is what we should learn, taking risks and hold not letting go when things seem not getting on your side.

[winterland]

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.

He invested free capital, in the hope of making a profit in the future.

This is probably not the first purchase, because immediately 10000 BTC, does not seem like a trial purchase.

Probably not, I think there are some people that have a lot of fiat that are realizing that bitcoin is going to become extremely valuable in the future and think that if they do not invest now it is going to be too late in the future, it will be nice to see that other people are at the top of the wealth of the world instead of the same people being there year after year and all thanks to bitcoin.

[bigblackdeck45]

Yes bitcoin has finally caught the attention of those big time business mens and corporations out there. Soon more and more business men and establishments will eventually do the same thing. Hope they can see the opportunities that bitcoin can offer and take advantage of it just like what we did.

[gohan21]

Chinese investors are so rich that today's profits are due to the chinese investors when they earn a big doub of their investment when such a bitcoin is made up of 10,000 of their start-ups.

[phanquan5111994]

Hello!!!
I do not know whether the Chinese government encourages people to use Bitcoin or not!
But I see people in China and other countries in the world today are using Bitcoin pretty much !!!

[aryaadikariyansyahsuwarto]

it is one way that can make the price of bitcoin rise dramatically, so that we as bitcoin hunters can feel the impact. that's good news, but we also have to be able to keep up with to promote bitcoin in the long run ... !!

[warkop121]

Despite the Chinese government's ban on bitcoin, Chinese people still love love with bitcoin. Examples of such enthusiasm are shown in this kind of investment. This is a sure sign that there is a very good future for bitcoin. You will invest it in whatever way you want and bitcoin is great for investing and very easy to change so you can make millions in just a few months or years rather than investing in a bank whose interest is not too high compared to the level of bitcoin. Also, bitcoin is a good investment in companies that China considers serious. This is the beginning of a company that accepts bitcoin and will revolutionize our currency.

[Zigzagkuy]

That's really great. Maybe there will be a positive effect after the Chinese investor buys 10k of bitcoin. He believes that bitcoin will increase in the future and also believes in the power of bitcoin. Hopefully there will be good positive things for bitcoin.

[SeVenlast]

That's really great. Maybe there will be a positive effect after the Chinese investor buys 10k of bitcoin. He believes that bitcoin will increase in the future and also believes in the power of bitcoin. Hopefully there will be good positive things for bitcoin.

Agree, this is a big advantage that they will get in the future because I am very sure that Bitcoin will be more expensive on the market for the next 5 years.

[Emjohn.]

That chinese investor must be really rich and a risk taker. It means that he is confident that bitcoin could increase further. Well, we all hope that bitcoin will increase in the following months or years.