Chinese investor loses $400,000,000 in Bitcoin

[Chachacoin17]

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.

that's it if i have it i will be happy .. it is a very exciting amount .. !!

Nothing to lose if these people just hold their assets in bitcoin, but the big mistake here that chinese investors didn't wait for the bull run to happen. Right now were at the midst of uncertainty, and yet the huge fall was part of the best bitcoin price gaining process. So the point here of being very excited, then it's a good vibes over  future price increase and that will be much exciting for everybody who patiently hold their bitcoins. If those investors from china could feature out the reality of bitcoin, well its beyond limits and couldn't be predicted in accurate thoughts.

[elwiswoodie]

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

very horrible
imagine how many houses and cars I can buy with the money
a very fantastic amount, even I was very dreaming to get that big money

100k BTC is more than enough to make life happy

[jademacoy]

Well the owner seens to be that rich so he would not mine getting a loss on some of his money. Anyway maybe he did not sell his btc and it was just being invested to altcoins as we all know that btc could be used as a paymeny for investing an ico projects.

[batang_bitcoin]

100k BTC is more than enough to make life happy

It is more than enough to live your life completely.

This holder sold some but still he is holding more of it and I guess he has to cash out due to some circumstances but whoever is this Chinese investor, he's really a bitcoin believer.

He is not yet selling all of it so he didn't lost $400M on an instant.

If this guy starts selling on $11,000 there will be another hardship of breaking through another level.

[abojamal]

Big loss already but ..!
The loss is not actually incurred unless the sale is made
And I think this man will sacrifice more time
Rather than sacrificing more dollars
Because it does not guarantee where the market is heading

[Johnzky]

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.

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

We are not losing any single cents until we sell our bitcoins because only the value has decreasing in downtrent but not volume,so as long as we are having the coins we are not losing anything at all

[tegarp90]

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

Maybe he transfered his bitcoins to his other account ?
It could be happened because we don't know whose address is that, and also we can't track em

[squallw]

Well, he has less Bitcoins,  it doesn't mean that he has less money.
Anyway, if he believes in bitcoin, he will hold and wait until ATH. If he giveup now and sell all bitcoins, he still multi millionaire.

[First77]

Maybe he transfered his bitcoins to his other account ? It could be happened because we don't know whose address is that, and also we can't track em

Now bitcoin starts falling from $6,200. Past one month Bitcoin is between $5800 to $6200

[Warbson]

i lost too , but we dont play on the same galaxy as this whale 

[founfition]

This person may hold BTC for a long time? The price of BTC cannot be seen from a short-term perspective. Now it looks like a loss of 400 million dollars, but if the price of BTC reaches tens of thousands of dollars in the future, it will certainly earn a lot of money.

[nicolaz.zhu]

Every game loses and wins, if they sell their assets at the current price it will definitely hurt their assets, because they can not wait for HODL, I guess if they wait patiently, it certainly will not lose that much.

[Baimovic]

very sad, his prediction is wrong, I think he should be patient and become a holder for a long time, selling today will only make him suffer huge losses, he will lose half of his investment.

 certainly, more sellers make bitcoin prices and market prices down more drastically.

[SUDARMONO]

The current bitcoin price is very falling, and we should either hold our bitcoins or we buy them again, and I think to be patient for investors.

[xvids]

the investor hasn't lose anything except the for the amount that he sold ,
The investor would only lose his/her investment if he/she sell all of his/her investment .
Who knows maybe someday Bitcoin would go high again then for sure the investor would get a huge profit from the risk that he/she take.

[Accertarsi]

I am not actually sure how correct this information is but as far I know these kind of incident Didn't happen cause it's quite impossible to loss this much amount , this only happen if the holder try to sell it when the market price is down , the seller must understand the market situation before doing any selling or buying.

[AliMan]

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.

that's it if i have it i will be happy .. it is a very exciting amount .. !!

Nothing to lose if these people just hold their assets in bitcoin, but the big mistake here that chinese investors didn't wait for the bull run to happen. Right now were at the midst of uncertainty, and yet the huge fall was part of the best bitcoin price gaining process. So the point here of being very excited, then it's a good vibes over  future price increase and that will be much exciting for everybody who patiently hold their bitcoins. If those investors from china could feature out the reality of bitcoin, well its beyond limits and couldn't be predicted in accurate thoughts.

I hope that was not a true story because it's so very horrible and devastating. I can't imagine someone losing that kind of amount because of bitcoin. Always be careful to avoid those kind of loss and stay safe. If that news is true then I hope that the owner will not lose confidence and hope just keep on living and have a great comeback.

[Kakmakr]

Maybe he sold some because he found a better investment or with a small profit, even a 1% profit is a huge amount when we see the number of sold Bitcoins. I think he is not too stupid to sell now and he is planning to hold until the right moment. A person investing such huge amount of money can't be that stupid.

Yes, 5% bank interest for $5,000,000 = $250,000/year (100% safe and insured). Gold and Silver give average profit of 8% to 20% per year and it is safest investment for next 100 years.

There is $10 to $100 worth of Gold in each Computer processor (Intel, qualcomm, celron etc..)

There is 20 grams Silver is in an average sized solar panel. That runs world economy, business and trade.

Guys, you have to remember that this user is a shill for Gold and Silver industry. <browse through his post history> He will always drop something in his posts to promote Gold and Silver investments over Bitcoin. His argument is totally ridiculous, because he ignores the opposite outcome in that scenario. <If the Bitcoin price goes beyond the purchase price of that investment, then this person will make a ton of  profit>

I wiped out my initial capital investment in 2017, with a 800% profit.     <How many Goldbugs can say that?> 

[makutu]

It is a loss of money too large, he will not be compensated, he will not get a loss on his own money. Anyway he can not sell his btc and it is only invested in altcoins

[First77]

I wiped out my initial capital investment in 2017, with a 800% profit.     <How many Goldbugs can say that?>  

and the Chinese investor who is down with $400,000,000 in 6 months. What about that ??