Bitcoin Whale Sold 9,000 BTC After 2 Years HODLing

[Genemind]

Most whales from the recent dip had taken their profit since Bitcoin had recovered and reached its highest price this year. This could have been the reason why Bitcoin price dropped recently. I would've done the same, wait patiently before getting my profit. 2 years is quite a long time and he just ripped what he sow. Patience is really needed if you want to earn in crypto. This whale must have waited for this moment to sell at a good price.

[Beyerd17]

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.

And what exactly is a cheap price. Do you know what the cheap price is? Is it 10,000, is it 5,000 or is it 300? Or do you mean 20,000 is cheap?
Whatever the current price of Bitcoin is (or was), someone claim it is going to moon from there. Not sure that is a good idea, and surely 20,000 is very expensive and probably 10,000 also.

[babykika2027]

Interesting to know his entry price. Anyway, 2 years of hodling, not bad

[cheezcarls]

A Bitcoin whale, who accumulated 9,000 BTC in late 2018, has sold after 22 months and two capitulation phases.

A Bitcoin (BTC) whale — an individual investor who holds a large amount of BTC — took profit after two years. Data from Whalemap suggests the whale purchased nearly 9,000 BTC in the third quarter of 2018.

The whale held on to the BTC for nearly 22 months, through two major capitulation phases. Bitcoin dropped to sub-$4,000 level twice, first in January 2019 and second in March 2020. The investor waited through both periods, ultimately selling at around $12,000.

https://cointelegraph.com/news/this-bitcoin-whale-sold-at-12-000-btc-price-after-hodling-for-2-years


Who said that bitcoin is no longer profitable?  

I think he deserves that after 2 long years. He's enjoying that for sure, and we should be happy about it. It's because no one controls his private keys or mnemonic phrases rather than himself. We don't know if he has plans to buy the dip though. But for now due to the pandemic we are in, I think the profits he had for Bitcoin are his "last resort".

With so much patience, I bet that this is the right time for him. There's no guarantee that BTC will ever reach $20k again, as the market is very unpredictable.

[coolcoinz]

We don't know his age and situation. For instance, If I were a 50 year old, i'd probably sell now and have some fun in my life. What's all that money going to buy you if you're too old to actually use it. We need money when we're young because later we won't have enough energy to really taste the good life. I've been in the crypto space for years and made a lot of money holding, but I feel like I still have time to spend.

Interesting to know his entry price. Anyway, 2 years of hodling, not bad

Is it really an achievement? I still hold coins from 2014 - 6 years and counting.
There's a lot of people on this forum with coins dating back to the MtGox era of 2012-2013.

[serjent05]

Is it really an achievement? I still hold coins from 2014 - 6 years and counting.
There's a lot of people on this forum with coins dating back to the MtGox era of 2012-2013.

Indeed it is an achievement no matter how little it is in your eyes.  Having profit from an investment is good enough to say that the action of that person in investing in late 2018 and selling it for a profit today is another step of his ladder to get richer.

I find it awkward on belittling others because someone holds BTC longer.

[kerjakuat]

He can buy or sell anytime he wanted for. We can only see what tom movement of that bitcoin but we cannot to stop from whales to dump it hard.. This guy might be saving his bitcoin for a lot year now and must be glad to see bitcoin are arise again.

[pathapoddo]

I wonder how much he trust on Bitcoin. It was two freaking years he was holding a digital currency which is more than 100million in values. I must say he has a great patience on him. As bitcoin was so low between these time how he controlled himself from not selling the bitcoin on that time? 

[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.

Welp, he probably bought it at the lowest price since he do able to HODL it for two years then he wouldn't waste his time of hodling just to sell it at the losing price. Perhaps, he probably couldn't wait any longer to witness the next bull run that's why he decided to sell it to this price. I wonder if he will reinvest some altcoins or planning to reinvest after seeing the price drops down below 10k.

You do really have the point because someone wont really consider on selling out on loss when you have just hold it for 2 years which basically means that he did able to sell out in profits at least.

You've been holding 9k btc for 2 years that you have bought last 2018.We dont know on why he havent wait up for even more longer since he can make out even more money if he decide to held up

but well its his money and he might be rushing up for this price to be attained then release off his bag no matter what kind of reason does he have.

[Beyerd17]

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.

Welp, he probably bought it at the lowest price since he do able to HODL it for two years then he wouldn't waste his time of hodling just to sell it at the losing price. Perhaps, he probably couldn't wait any longer to witness the next bull run that's why he decided to sell it to this price. I wonder if he will reinvest some altcoins or planning to reinvest after seeing the price drops down below 10k.

You do really have the point because someone wont really consider on selling out on loss when you have just hold it for 2 years which basically means that he did able to sell out in profits at least.

You've been holding 9k btc for 2 years that you have bought last 2018.We dont know on why he havent wait up for even more longer since he can make out even more money if he decide to held up

but well its his money and he might be rushing up for this price to be attained then release off his bag no matter what kind of reason does he have.

That huge whale might probably reinvest and wait for prices to drop to sub 4000 dollars again, and heck so would anyone with half a brain do also. Dont listen to all the people in here screaming you should buy whatever the price is, they dont care about you or your investment, they only care about themselves.

[BChydro]

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

If the investors was having the patience to hold the coins for a couple of years then he would never sell the coins at a loss. I wonder why he made the decision to sell all of his investment all of a sudden and these are not small numbers by any imagination and the reason for the massive sell off when the possibility of touching the old all time high in the next few months is a real possibility.

[eaLiTy]

The whale held on to the BTC for nearly 22 months, through two major capitulation phases. Bitcoin dropped to sub-$4,000 level twice, first in January 2019 and second in March 2020. The investor waited through both periods, ultimately selling at around $12,000.

It is a massive investment when the price of BTCitcoin was around $6000 and then to undergo two major corrections when he is witnessing millions of his investment going down without knowing how long it could go down and to have the patience to hold for two long years and then to sell off doubling his investment is a smart move and i do not think that he sold all of his coins which is not clear in the article.

[proscratcher]

That's a lot of profit for that whale. My questions is, how would you withdraw that amount? Will you withdraw it all at once? Or it will raise red flags if you do that?

[aesma]

That's a lot of profit for that whale. My questions is, how would you withdraw that amount? Will you withdraw it all at once? Or it will raise red flags if you do that?

Well to avoid raising flags everything must be done on the up and up from the get go : use legal money authorities know you have, use an exchange/OTC transaction with everything in order, KYC/AML etc., then when getting the money back, declare the profit to authorities, pay the taxes, and you're good.

I can't see a criminal doing such a big transaction, the first rule of money laundering must surely be to do small transactions.

[Vishnu.Reang]

That's a lot of profit for that whale. My questions is, how would you withdraw that amount? Will you withdraw it all at once? Or it will raise red flags if you do that?

There should not be any red flags, unless the user is living in a country where Bitcoin is illegal (such as China or India). Since the amount is quite high, I suspect that he might have already gone through the KYC process and may have his bank account linked and verified with the exchange. The withdrawal should be smooth, although it may take 1-2 weeks if the exchange is based in a different country.

[Sebas.tian]

That's a lot of profit for that whale. My questions is, how would you withdraw that amount? Will you withdraw it all at once? Or it will raise red flags if you do that?

Series of transactions had taken place in cryptocurrency world when the amount can't be compare to this $Million. Transaction of this nature can't be done by a crocked individual or organization because of the possibility of be track as money launders. Irrespective of this, doing some kind of KYC will be a no issue with this transaction, as such green light from both end(from exchange to Bank). Flags are for scammers and money launderer's.

[nelson4lov]

That's a lot of profit for that whale. My questions is, how would you withdraw that amount? Will you withdraw it all at once? Or it will raise red flags if you do that?

For a whale like that, it's as simple as transferring 100 - 200 BTC at a time till its complete or better yet, transfer all  of it at once and get picked up by whale bot alerts. Also, Its important to know that to be able to hold and withdraw such amount, it will require some serious KYC verification. Exchanges like Binance allows users to withdraw a max of 100BTC per day for a VIP 1 KYC verified trading account while offering higher limits for more verification. So far the money wasn't fraudulently gotten, it shouldn't be much of an hassle.

[spike420211]

That's a lot of profit for that whale. My questions is, how would you withdraw that amount? Will you withdraw it all at once? Or it will raise red flags if you do that?

I do not think that this can be called a big profit for the whale. After all, if he is a whale, then most likely his portfolio consists of no more than 50% of bitcoins, while the question remains what share of bitcoins of these 50% he held in the transaction. In addition, cryptocurrency is probably not the only large assets in this whale.
As far as the conclusion is concerned, everything will depend on its goals. It is possible that he will fix a part of the profit in USDT and re-invest the rest.

[seoincorporation]

What a way to make grow your money on a 300%, really wise guy. But no all the users have the balls to hold for 2 years and not all the users have the bankroll to buy 9,000 BTC.

Some people in 2014 sales all their things to buy BTC, houses, cars and all the stuff. Let's remember how the prize was $500 back in those days, so, was a wise bet too.

[SomeJasonGuy]

I wonder what price he got in at. Probably around 6k? That'd be a good 100% profit and that too for a large chunk. Some would say it's a bad trade considering bitcoin seems to be in the early stages of a renewed bull run. But as long as he's happy with the trade, then who's to question it.