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mazdafunsun
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July 03, 2018, 05:45:42 PM |
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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/newsThis is relavent only at todays prices, if he takes the HODL strategy to his heart so much then he should continue the same way. Offourse there is a risk that BTC could head even lower but this is the risk we take. If he wasnt aware of the risk he should not have went so deep in btc at first place. |
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phelbaby
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Activity: 434
Merit: 10
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July 03, 2018, 05:50:37 PM |
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We can definitlly say lose when there is no hope of a bitcoin appreciating in value or price,but it not all lose if the price will bonces back.All we need is patient it will definitely come up again.
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oni4an
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July 03, 2018, 06:00:48 PM |
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Did he sell them at a bargain price? I don't really believe that, to be honest. He is clearly a great banker and understood when to sell better. Most likely, the numbers you have named are the sum of his fortune in bitcoins at the moment, not the amount he lost on sale.
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The Cryptologist
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July 09, 2018, 06:25:56 AM |
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Chinese investors really has the most money in this world. I don't think he consider it as his losses because bitcoin is still here. He could still get the money 3x than he invested in just a span of two years. I just feel that this guy's money came from an illegal business so maybe he does not really care at all.
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dadanpradana
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Activity: 280
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July 09, 2018, 12:32:25 PM |
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Come on man, he's still holding his Bitcoin, not yet on sale.
holding and selling it a very different word meaning, and more precisely in it just securing the asset. if only it was Bitcoin on sale would probably wobble the current Bitcoin market and become red again like his red apple.
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pyosar
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Activity: 65
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July 09, 2018, 10:32:03 PM |
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This person probably bought his bitcoins for a long-term investment and I do not think that he now worries because bitcoin fell. This guy knows what he is doing and in the long run such Holders win.
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Coin-1
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Activity: 2618
Merit: 2304
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July 09, 2018, 10:52:18 PM |
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Come on man, he's still holding his Bitcoin, not yet on sale.
holding and selling it a very different word meaning, and more precisely in it just securing the asset. if only it was Bitcoin on sale would probably wobble the current Bitcoin market and become red again like his red apple.
Yes, this investor just sold about 7% of his bitcoins. He is still holding BTC. Probably, he needed some money for vacations or other reasons right now. It matters, what price was when he bought these bitcoins. Sometimes I sell a small chunk of my crypto currencies or tokens too, but I hold a majority of my promising coins. I think it is normal behavior. |
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Psychee
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July 09, 2018, 10:57:53 PM |
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Yes, that's what they should be, because they invest in the wrong place, but in Socratus
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ImTree
Jr. Member
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Activity: 210
Merit: 1
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July 15, 2018, 09:59:20 AM |
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I would not agree that he lost all this money, because he didn't sold his bitcoins, only you need to consider money as lost if you have sold the tokens or bitcoin with the price lower than you have bought them.
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cryptohunter
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MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG
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July 15, 2018, 10:26:38 AM |
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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. But you can make 5000% profits in crypto in a few days. Gold and silver weights too much Money in bank is NOT 100% SAFE Soon need to change thread title to chinese billionaire loving hodling btc buys a 100 tons of gold and a few banks to diversify. |
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Dmitry.Vastov
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July 16, 2018, 07:23:51 PM |
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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/newsAs we all know that bitcoin is a kind of investment and the pumps and dumps are very very common in every kind of investment so one need not to to be panic if the valuation of bitcoin goes down and moreover bitcoin being volatile in nature, keeps on flactuating its valuation and if someone has suffered a huge amount of loss then he must not invested wisely because in in order to get your maximum profit you need to be very precise with your buying , holding and selling your bitcoins. |
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Hughes_Ryan
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Activity: 364
Merit: 10
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July 16, 2018, 07:27:48 PM |
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I only know that a Chinese whale has bought 92,000 BTCs in the past year. And I also think that he would never agree to sell Bitcoin for under $ 15,000. Maybe he will have to wait a long time to get the capital back
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AlexAtom
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Merit: 10
YOUC - www.youengine.io
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July 17, 2018, 01:48:39 AM |
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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/newsWhy did he sell in short time ? If he really wanted to hodl his coin, he would not sell it. At least hodl for 1 year so you won't loss because the volatile market. Owning that amount of bitcoin can easily make bitcoin price dump in the market. Just hold it until everyone looking for btc, the price will rise. |
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Ahimoth
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July 24, 2018, 10:53:24 AM |
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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/newsThis is relavent only at todays prices, if he takes the HODL strategy to his heart so much then he should continue the same way. Offourse there is a risk that BTC could head even lower but this is the risk we take. If he wasnt aware of the risk he should not have went so deep in btc at first place. Every time I encounter news like this I always ask myself if it is really true. Well if I found out that it is really true it makes my heart hurt. Just imagine the amount of loss he suffer with the system we live in. I hope for the best for that Chinese man and I want him to come back. This is a serious kind of problem and it has a solution. |
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nicster551
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July 24, 2018, 11:02:14 AM |
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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/newsNo matter what if you don't sell then you wouldn't lose anything. Maybe he did something to lose his own Bitcoins and that would have been his fault. |
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rez303
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Activity: 338
Merit: 10
StartFi
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July 24, 2018, 11:05:06 AM |
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I only know that a Chinese whale has bought 92,000 BTCs in the past year. And I also think that he would never agree to sell Bitcoin for under $ 15,000. Maybe he will have to wait a long time to get the capital back
I have the same thoughts as you. The way that whales think about Bitcoins will be different from what we think. While prices have fallen and many are worried about selling Bitcoin at a very low price. But the whale thinks it's a good opportunity to buy Bitcoin. |
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Xester
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July 24, 2018, 11:08:28 AM |
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He had some 100,000 Bitcoins on March 2018 when Bitcoin was $10,000 to $12,000. Now Bitcoin is $6,000 Read: At least one individual in China took the term “HODL” to heart as his or her Bitcoin wallet has seen a total of 93,947 BTC transferred to it since March 25, 2018. The wallet’s address is 1KAt6STtisWMMVo5XGdos9P7DBNNsFfjx7 and it currently possesses 85,947 of the total amount in Bitcoin that it originally had, after selling exactly 8,000 BTC off. Read more: https://cryptovest.com/newsWell he will still earn a huge profit by December since we are expecting a 20k$ to 60k$ price movement. Though at this moment he may feel a little disappointed with what happened to bitcoin but he will regain his losses and earn a huge income at the end of this year. So in the end he is not a lose and a potential gainer. |
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kissme09
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PayAccept - Worldwide payments accepted in seconds
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July 24, 2018, 11:14:53 AM |
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I just checked the address you gave, and I saw all the BTC has moved. The total number of Bitcoins received is over 93,000 bits. This is a considerable number. If they buy when the value reaches $ 12,000 then they lose 50% of their investment. This is a stupid investment option.
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Remainder
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July 24, 2018, 11:28:03 AM |
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That's a big number of bitcoin for investment but the investor is trusted bitcoin for his money and I think he is not lose it if he don't sell yet early, as an bitcoin investor also i trust bitcoin that will rise again this year for more than 20k or more as predicted.
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AAfunctionaluppityF
Newbie
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Activity: 112
Merit: 0
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July 24, 2018, 11:34:30 AM |
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It's really stupid to sell to 6000$ if you bought at 12000$.
I have no words...
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