Chinese investor loses $400,000,000 in Bitcoin

[bman01]

That's an interesting post. Well, maybe he did not buy all the coins at a time worth 100K. You can never deny the fluctuations of crypto market.

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[DgurJIupyf]

And I am pleased to see that there are large investors who invest in bitcoin. It does not matter when, today or in March 2018 or December 2017. It is important that investors understand the importance of bitcoin in the future. and what he brought out, says nothing. Maybe he bought coffee in Starbucks and paid with bitcoin.))))

[samiraetn]

Thank you for the article. I will tell that he didn’t lose that much because he just sold 8000 BTC and other are remaining. He will not do lose if he hold the coins instead of sell them in this time. Because I believe that the market will recover within the end of this year and if he sell them at them time he will be profitable.

[jeni99]

I think he will be more damaged if it sells at this time.
 holding assets is something to do in investing. maybe at this time the price is falling but the end of the year could be the price will reach $ 15k and it could happen

[Kertmu]

He had some 100,000 Bitcoins on March 2018 when Bitcoin was $10,000 to $12,000. Now Bitcoin is $6,000

Read:

At least one individual in China took the term “HODL” to heart as his or her Bitcoin wallet has seen a total of 93,947 BTC transferred to it since March 25, 2018. The wallet’s address is 1KAt6STtisWMMVo5XGdos9P7DBNNsFfjx7 and it currently possesses 85,947 of the total amount in Bitcoin that it originally had, after selling exactly 8,000 BTC off.

Read more: https://cryptovest.com/news

I wonder where he took so much, that would have to buy a billion dollars to enter the cryptocurrency.

Although I doubt that it was bought for cash currency, there are transfers to the tranformation of 0.000006 BTC, who probably collects for a very long time  

[pixie85]

He's by no means a loser. Many well known investors and holders like Tim Draper or Richard Branson held coins at the time of the correction and nobody called them losers. They also held coins when they were reaching new highs. Does that make them winners? I sure think it does.

[bobitza]

He had some 100,000 Bitcoins on March 2018 when Bitcoin was $10,000 to $12,000. Now Bitcoin is $6,000

Your calculation is wrong. He would have lost that much if he would have sold. You know the profit/loss only when you are on the same coin i.e. after conversion is done for real.
He sold only (heh, only?!!!?) 8 000BTC of the 100 000 93947BTC. If Bitcoin falls more and he sells, he'll lose more, if Bitcoin recovers before he sells, he will not lose anything.

The key is when will the bitcoin come back? Is that feasible? Or is it never happening? HOLD is not a strange term, but for that big money, it's dying.

[Caxton10]

He had some 100,000 Bitcoins on March 2018 when Bitcoin was $10,000 to $12,000. Now Bitcoin is $6,000

Read:

At least one individual in China took the term “HODL” to heart as his or her Bitcoin wallet has seen a total of 93,947 BTC transferred to it since March 25, 2018. The wallet’s address is 1KAt6STtisWMMVo5XGdos9P7DBNNsFfjx7 and it currently possesses 85,947 of the total amount in Bitcoin that it originally had, after selling exactly 8,000 BTC off.

Read more: https://cryptovest.com/news

Waw. This must be quite devastating giving that he has lost a little below half of his investment but I am positive things will spice up. If I were him, I would exercise patience.

[jaythelingly]

The crypto market is really variable based on this market its like share market when or how the price will vary we don’t know based on this we need to gain knowledge about this problem also its really sorry to know this that it happen so we should always careful before investing money.

[nazarovv]

how can he loose that amount if the bitcoin is still in his wallet.its not lost until he has sold it.

[9jaflick]

I don't think I have lose anything yet in as much as he have not sold a he's BTC yet. The only option here is to keep holding!

[NeuroticFish]

youre right mate,maybe OP is just a newbie that has nothing to know about how market goes

Actually I think that the OP loves to make posts in favor of how bad is to invest in Bitcoin, and about an alleged Bitcoin's doomsday.

The key is when will the bitcoin come back? Is that feasible? Or is it never happening? HOLD is not a strange term, but for that big money, it's dying.

This is a very good question. We don't know when Bitcoin will recover. We don't know if Bitcoin will recover (but common sense and math tells it really should).
For that big amounts of money they should keep their eyes open and at the point Bitcoin fell under a certain level they could have sold. Since they didn't, maybe they expected too much or maybe they expect (more than OP) that Bitcoin will indeed recover to the levels they bought in rather short time (one year or less).

[anon.ph011]

he was not lost yet because if he still holding the bitcoin. but if he sell it it was a sure lost if he hold and get over 15000$ that was a huge profit for a long term of holdings, holding is worth it if you know the routine.

[First77]

he was not lost yet because if he still holding the bitcoin. but if he sell it it was a sure lost if he hold and get over 15000$ that was a huge profit for a long term of holdings, holding is worth it if you know the routine.

A person who has $1,000,000,000 for trading can afford to lose $400,000,000. As they say "Karma" or "as you shall sow so shall you reap"

Worldwide people do $3000/month to $8,000/month jobs.

[Psychee]

Yes, but in the new crypto project as in Socratus you will not lose I guarantee you

[aoihs00]

Just because he had close to 100k Bitcoins in March doesn't automatically mean he bought them all in March. If he had bought at any point pre-December 2017 (all time high at that point was around ~$5k), he'd still have made at least ~$8 million dollars in profit by selling off 8k coins.

If nothing else, this scenario puts into perspective how well Bitcoin is doing despite the bear market. Same time last year, Bitcoin was trading for around ~$2k if I remember correctly.

This is pretty much the nice reply I have seen. I mean I can relate this to one fact that the investor might not have lost anything at all. What if he bought all those bitcoin at the rate of 500 bucks or may be at the rate of couple dollars back in years? With that rate of investment he might not even loose anything unless and until he sells his coins below the rates at which he bought the bitcoins. Just look closer, he will never loose anything until that point and all he has got right now is booming profits, thats all.

[Ri Polok]

I think this is madness, invest all money (a lot of ) in one place is a bad idea.

[AlvinJetton]

The market is quite unstable and unpredictable. What may come off as a safe bet may look like the complete opposite. This loss in investment indicates that if we do not play our cards right and do not have a good strategy, we may end up losing a hefty amount on money.

[guppak]

When the demand is greater than the offer, Bitcoin will look close to recovering then the "mystery" will sell his Bitcoin slowly and when the demand has been met the red will come back. And so on. It will be repeated over and over again. This will actually keep this market alive. There is nothing to worry about. Especially if only as a small fish. Relax. Follow market trends.

[PandoraTV]

The title is deceiving, this Chinese investor has lost absolutely nothing, it is likely someone with immense quanity of money and he is investing in BTC long term.