Bitcoin Whale Sold 9,000 BTC After 2 Years HODLing

[Anonylz]

There was no information of how much he sold. I have concern on those monitoring all this whales account what benefit does it bring. Taking few profit from this investment can be for a reason. I can attempt buying into other coin but I dont think this dropped that price of bitcoin. The market is more active than at the beginning of the year and accumulation of bitcoin still continues. I believe every whales at this market have expectation in terms of price and nobody knows the time of the peak of bull run and the time of the bull run, so a little profit taking is allowed.

I tell you that's one job you are not gonna get paid, I think it is self fulfilling for those people who devote so much time monitoring this big whales btc address at least because of their dedication we are aware of this kind of news, this whale really knows how to play it, from 2018 - 2020 is a big difference in price, especially if he bought at around 3k plus, nice profit.

[dothebeats]

This just goes to show that the method 'invest and forget' still works on bitcoin. While having a fat stack of money is a huge help to this being possible, everyone, literally everyone can also do the same if they have the patience and the right judgment call on these type of things. At this point in time, a large sum of money has already been poured out into bitcoin that it's highly improbable that its value will just vanish in a short span of time. The whale was just doing what everyone would do if they know how the bitcoin markets work: buy and hodl.

[rexxarofmoknathal]

Who said that bitcoin is no longer profitable? 

Keep in mind that some might win but more are losing in trading. That whale only profited because he was smart enough to invest in a dumping phase and sell it high at around $12,000. As of now, Bitcoin is losing price again which means a lot of people who invested around $11,800 lost money.

This just goes to show that if you know what you're doing you could play a long waiting game and still ensure profitability. The whale could potentially have waited longer and got higher rewards but I suppose everybody has to draw a line while calculating their risks. The reason I'm saying this is that by the end of the year one would predict a higher price than 12k. In any case, cryptocurrencies provides us all with new opportunities just like back in the day cheap housing was an opportunity for the last 2/3 generations of out time.

[Argoo]

I'd do the same if I were him, it's been almost 2 years so why not taking my profit out of it.

Investors like him could have a target price range and volume, possibly he sees it is reaching his target so he sold it at $12k.

9000x12000 is $108,000,000 upon this basic assumption this is a very huge dumping made, would this also create a huge plunge in bitcoin price? any math geek here?

The article states that it is not known how many of the 9000 bitcoins the whale had, he sold at a price of about $ 12,000. Of course, it was foolish to sell bitcoins when we expect a significant increase in its price within a year. It is possible that the money was urgently needed. However, if the number of sold bitcoins was large, then it is quite possible that, among other things, because of this, we are seeing a slight decrease in its price. But it's better to let the price of bitcoin slow down now than later, when at the end of the year it will start to grow again rapidly.

[wiss19]

That’s going to be a huge profit, although I don’t know what price he bought the Bitcoins at exactly, but the price of Bitcoin was low in 2018, that was after the 2017 bull run and the price dropped. He did really well holding it for two years with all the up and downs, because some people won’t be able to do that.

If I were this whale, I’m probably going to be taking the same move and selling my bitcoins, taking profit and not being greedy, because I know for sure that there are people wouldn’t want to sell, they are waiting for when the price will reach $100,000 for each bitcoin before they get to sell.

[Timelord2067]

If the Whale really has sold their bag, imagine what the "next big thing" they are putting the funds into are and what the returns they hope to get out of those?

[gerica0613]

This is the proof that whale dumps don't do much to the price right now

[Hypnosis00]

Who said that bitcoin is no longer profitable?  

Only those who blindly not to understand crypto and being close-minded individuals not seeing the good of Bitcoin but all just full of negativity.

2 years holding is not quite long, some did it more and patiently wait for the right time because they find it worthy. It just how we look at Bitcoin's potentiality and consider it a long-term investment. May we think about risk, volatility, and yes it affects our minds but our faith is very important that can't change our mind and straight to our goal.

[aioc]

I'd do the same if I were him, it's been almost 2 years so why not taking my profit out of it.

Investors like him could have a target price range and volume, possibly he sees it is reaching his target so he sold it at $12k.

9000x12000 is $108,000,000 upon this basic assumption this is a very huge dumping made, would this also create a huge plunge in bitcoin price? any math geek here?

I am not a math geek if there is a plunge I doubt it will have an effect on the market movement it could, but the market will eventually recover, we have seen this movement so many times in the past, whales dumping for a profit then correction them recover then moving forward it takes a lot than whales dumping to crash the market.

[int03h]

I think it's a very normal move. They bought a lot at low prices for a long time and in the profit-taking business is essential to ensure profitability. I will do the same in this case, I will sell 1/3 of all the bitcoins I bought.

[Salamstar]

This type of investor teaches us patience, as he finally made profits after two years and was not affected by the great decline of Bitcoins during the two major events, and this means that his confidence in Bitcoin was great, so he did not give up quickly.

[Beyerd17]

This type of investor teaches us patience, as he finally made profits after two years and was not affected by the great decline of Bitcoins during the two major events, and this means that his confidence in Bitcoin was great, so he did not give up quickly.

If that investor is so great and so damned smart, then why don't we all follow he's lead and sell. If he so great and sold at 12000, why should anyone buy or hold at these price levels? Please tell me at what price would you guys buy, and when would you sell?

[kerjakuat]

This type of investor teaches us patience, as he finally made profits after two years and was not affected by the great decline of Bitcoins during the two major events, and this means that his confidence in Bitcoin was great, so he did not give up quickly.

If that investor is so great and so damned smart, then why don't we all follow he's lead and sell. If he so great and sold at 12000, why should anyone buy or hold at these price levels? Please tell me at what price would you guys buy, and when would you sell?

We all cannot predict the future but we can make a research about the market condition. Technical analysis on how the market move and what it show to us. Is it always being a demand or not how long it will be there. There you can guess when to buy and sell it.. Im bet that the whale has his own technical analysis guy to check for him and stay for a long term as it was more safe for him as he got a lot of bitcoin.

[aesma]

Let's keep in mind this could be an "investor" that was already rich (billionaire), to the point that this might not have been a big deal for him/her, or even that he/she sold because BTC didn't bring him enough gains compared to owning Apple stock or Tesla !

It also could be a very big BTC whale and that trade was him buying coins with money already earned by selling at a higher price.

If he is a true BTC believer, he could also have bought thousands of other coins during the last lows, and covered those buys by selling at the current price, keeping a large stash of coins.

We will never know.

[prehisto]

if this is true then the trade is one of the biggest and most sucesseful i have geard of. Imagine goinf thru those ups and downs also having balls to invest such ahuge amount of money in the low, when everyone was dcreaming for BTC going to zero. Diamond hands!

[nasipadang]

Got a price of $ 4000 for 1 bitcoin? Very lucky, I think in 2018 bitcoin value is still around $ 7000- $ 9000. Even though at that time a lot of talk about bitcoin would die, I appreciated his persistence and belief in holding on. Holding for me was very difficult especially coupled with the panic that year because bitcoin fell so deep.

[goldade]

9000x12000 is $108,000,000 upon this basic assumption this is a very huge dumping made, would this also create a huge plunge in bitcoin price? any math geek here?

Im not good in math but $100M wont really make out some significant impact on Bitcoins price in the market.So this one wont really be that much to worry on.

Back to talk into that whale. This one resembles on how patience do work. 2 years wont really be that easy specially if you do saw when market prices do take hard plunges and repeating the same
movement over the past years.

This do really involves strong self-discipline on following up your target or profit area and this time had come on which it really did pays-off specially if he do able to accumulate on very low levels.

Holding bitcoin for almost two years? He surely deserves the profit.
If a person can hodl and not sell  even after two major bearish trends, then he deserves the profit.
However, it is still not a significant amount of money to affect the market. If the daily trading volume is about $25 billion, then some $108 million isn't something to affect the market.
What he did is just a proof that it doesn't pay to panic sell when there's a price dump.

[arditiyan]

selling 9000 BTC at the current price is it profitable or losing? because we know 2018 BTC price is very high. so if they sell at the current price it is not impossible for them to sell at a loss

[Shasha80]

People who leave Bitcoin because they are considered not profitable anymore will regret it later. Because what was shared with all of us
that there was a whale who sold as much as 9000 BTC after 22 months of holding is proof that Bitcoin very profitable. And also this is
a lesson for all of us, patience is the main key to successful investing in Bitcoin. Because most people seeing the price of Bitcoin go down
for a few weeks are already panicking and selling it when it price is cheap.

[Oilacris]

selling 9000 BTC at the current price is it profitable or losing? because we know 2018 BTC price is very high. so if they sell at the current price it is not impossible for them to sell at a loss

Correct but if we do base up on the price for the entire year of 2018 then only 1st quarter prices where too high on which if he do sell now then he's still on negatives specially if he bought on somewhere in January  but

if he do able to buy those coins in start of 2nd quarter where it is cheaper specially in December then he  did really make out some good profit on here.