Chinese Investor bought 10,000 bitcoin during the dip!

[xuzukami]

In my opinion, it is the wisdom in the money. Researching, understanding the market, knowing and understanding the psychology of investors is what they did to choose the good time to invest.
However, large amounts of bitcoin can easily lead to speculation, which destabilizes the crypto market. One of the main reasons has been the ebullient money market in recent years.

[CrypTM]

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.

[uramadahan]

For big whales like that it is nearly gaurenteed profit even if he only holds for a couple of days or weeks. How much he will still have in years to come will be interesting.

Indeed. I wish I could have that much money.

Also article says "He also pointed out that he has invested in multiple cryptocurrencies other than Bitcoin. Some of them are Theta, Ontology (ONT), Cortex (CTXC), ArcBlock (ABT), Zipper (ZIP), YeeCall (YEE), Dxchain (DXC), Charter (CAF). Some of these have brought him huge returns while some are still bleeding money."

So, I'm sure he definitely made a lot of profit.

[pinoyden]

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.

ico's and some illegal business related to cryptos are only prohibited on china but other legit cryptos like bitcoin , etherium , ripple , etc. are not banned . thats why , chinese investors can still buy and sell them anytime of the day . however , i dont think this news is true because if it is really true then why bitcoins value is still falling? as far as i know , if someone bought a huge amount of coins , the value of those specific coins will also climb upwards due to the demand that they get .

[tonyja2017]

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 is not a good investor or a positive thinker about Bitcoin, he's a whale and he's an expert in market manipulation. Big money transactions are usually market moves and people should be careful with this announcement.

[fighter55]

When big investors join the bitcoin and crypto world, most people tend to believe the credibility of cryptocurrencies. Now I will study this issue more deeply

[aggeyysido]

This man can be called a brave man. Other explanation of its risk (it is possible that justified), I just do not see.

[winterland]

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.

Business are going to adopt bitcoin incredibly fast once there is a demand for them to do it, and for that we need the people to adopt it and many will not do if the business do not accept bitcoin, so in a way we are in a deadlock but it can be broken and I think that one of the biggest drivers of the adoption of bitcoin is going to be an economic crisis.

[poli_btc]

Crazy move.But I guess he knows what he's doing.And having some information went to this risk which could double his fortune but still bankrupt him.

[mrbamboo]

I'm not sure about this information either. But why do you know? China is now banned from Bitcoin because its government fears Bitcoin will be a powerful tool for corrupt money laundering officials to turn corrupt money into secret property. Apparently Bitcoin is illegal in the country, so how can that person save up to 10,000 bits? If you answered that the Bitcoin trader's anonymity is undisputed, why are 10,000 Bitcoins found? I find it absurd.

[ETHtotheMOON1]

I'm not sure about this information either. But why do you know? China is now banned from Bitcoin because its government fears Bitcoin will be a powerful tool for corrupt money laundering officials to turn corrupt money into secret property. Apparently Bitcoin is illegal in the country, so how can that person save up to 10,000 bits? If you answered that the Bitcoin trader's anonymity is undisputed, why are 10,000 Bitcoins found? I find it absurd.

he can easily hold it with a Hong Kong company for instance, it's just a little technical detail, no reason to believe it's not true. if he has companies all over the world, it couldn't be easier.

[mrbamboo]

For big whales like that it is nearly gaurenteed profit even if he only holds for a couple of days or weeks. How much he will still have in years to come will be interesting.

Indeed. I wish I could have that much money.

Also article says "He also pointed out that he has invested in multiple cryptocurrencies other than Bitcoin. Some of them are Theta, Ontology (ONT), Cortex (CTXC), ArcBlock (ABT), Zipper (ZIP), YeeCall (YEE), Dxchain (DXC), Charter (CAF). Some of these have brought him huge returns while some are still bleeding money."

So, I'm sure he definitely made a lot of profit.

If that is the case, then Chinese investors are going to have a spectacular investment because Bitcoin and Altcoin prices are low. Chinese investors are very rich and they have very special thoughts. If the Bitcoin and Altcoin prices peak at the end of the year, as it did in December 2017, Chinese investors are likely to be among the top billionaires in the world. Do they find Bitcoin to be a big leap forward?

[Syarief28]

One of the popes, this man is a risk taker not only on the bitcoin he invests, but also some other coins. I wonder what he will do for the big money?
This is very impressive news and actually he might be able to be alone to restore the market. 10,000 bitcoin and this is not a bad joke and of course it will be very scary

[Amokomowo2005]

Omg this is outrageous, much money flowing into cryptocurrency, it means we have people that still believe in btc despite all the fall price we are experiencing.

[jacksonhen]

We need more investors to buy more bitcoin. 10,000 is a large amount but that is not enough to guarantee the price of bitcoin rises. Right now we need breakthroughs from big companies to adopt bitcoin, I read the news that starbuck and some big US companies will adopt Bitcoin as a transaction tool with their chosen wallet to be used. I think for the near future there is no good news so that bitcoin can rise in price again, hopefully by the end of the year there will be a pleasant surprise.

[BitcoinConte]

When big investors join the bitcoin and crypto world, most people tend to believe the credibility of cryptocurrencies. Now I will study this issue more deeply

[skidanchikbizon]

Such purchases say that the whales of the investment world are confidently entering the crypto-currency market. In the near future, we expect growth in the capitalization of the Crypto-currency.

[gabbie2010]

This is indeed a subtle way of investing by the Chinese business man, he firmly belief in bitcoin and invested a whopping 10K worth of btc, this is massive having taken the risk into consideration  I wouldn't be surprise to seeing this man becoming a multi millionaire in few years to come.

[CrimBit]

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 a smart and brave person, because he buys in large quantities regardless of the negative issues about Bitcoin, the advantages he enters at the right time, when the price is cheap. and now he has made a big profit if he sells it. I am happy to hear this news, because Bitcoin is still in great demand for investors even though the country prohibits Bitcoin from operating in its territory.

[Hawkinsjr10]

Is this true?
If it's true what 10,000 bitcoin is? That's very much whether China also wants to invest in bitcoin.