A whale took profits for the first time since 2010 sold 1000 Bitcoins

[Ojima-ojo]

As Bitcoin touched its all-time high of $69,000 on match 5th so many whales and old wallets take profits, as Cointelegraph captured today, allot has been going on regarding Bitcoin price and since the bull run is already here, so many old wallets will indeed take profits,  this is the advantages of Bitcoin long term approach,  because this whale, in particular, was said to have been holding since 2010.


What are your thoughts on the current Bitcoin price and how best can taking profits help in increasing your overall Bitcoin accumulation journey?

Link article: https://cointelegraph.com/news/bitcoin-retraces-ath-btc-hodlers-profit?fbclid=IwAR0d3bF9soyuXJa3rOAnkhyiUdrdcKBSScDKTPLTL6XqmHFFIY3qKAD7Vd4

[1714306145]

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[Mahanton]

As Bitcoin touched its all-time high of $69,000 on match 5th so many whales and old wallets take profits, as Cointelegraph captured today, allot has been going on regarding Bitcoin price and since the bull run is already here, so many old wallets will indeed take profits,  this is the advantages of Bitcoin long term approach,  because this whale, in particular, was said to have been holding since 2010.


What are your thoughts on the current Bitcoin price and how best can taking profits help in increasing your overall Bitcoin accumulation journey?

Link article: https://cointelegraph.com/news/bitcoin-retraces-ath-btc-hodlers-profit?fbclid=IwAR0d3bF9soyuXJa3rOAnkhyiUdrdcKBSScDKTPLTL6XqmHFFIY3qKAD7Vd4

Well, its his Bitcoins then he do have the full rights on when to sell. The only thing that i do have in mind is that. Why he didnt wait up for the bull run to come? Does he project that there might be no other pumps
or price increase such as of this moment or current condition? If he had waited a bit more or lets say a year more on the bull run period then for sure he had made out even more millions with those holdings.
Price is projected to hit $150k or more but well no one knows on what the future looks like but if that early holder or miner did decide to take profits then thats a nasty multi-million profit.
It is really just that making up those kind of questions on why he didnt held a little bit further? 15 years wont really be that not long in total but well lets just move on and let him/her
enjoy those huge profits.

[coolcoinz]

Completely normal and this is what I often do when we cross a significant milestone. I don't call it taking profits but prefer to say spent.

So I spent some of my bitcoin that I held since bitcoin was around $1k when we broke $10k for the first time, then $20k in 2018, then again when we got to $23k in the last bull market, then 30, 40, 50, and finally 60k. I did not sell at exactly 68k because it did not feel like a milestone at the time, so I kept holding for 2 years and adding to my stash and sold a little when we revisited that old ATH this week. Now it felt like an important date all of a sudden and spending some of it after years of holding feels like the right thing to do.

Spending a little makes me appreciate what I have and remind myself how real it is.

That said, I think we're getting higher after the halving and maybe even before that, but at least I'll be able to say that I bought myself a gift with my bitcoin at this old ATH.

[ginsan]

So, aggressively selling all your Bitcoin holdings or everything you own is certainly not surprising news anymore. Yes, that's the old wallet that comes back to life with one tx in transferring its ownership to the exchange. I think he's been patient for a long time and maybe this is the time he's been waiting to take advantage. But it was all a decision that he might regret later because he sold everything and left no hope for a real bullrun.

For me, there are no words to express for a big investor because he has been holding it for more than a decade and maybe now he really needs money by selling all his BTC holdings. Apart from that, I remain optimistic that this year Bitcoin will be able to reach $100k, but that is not certain because this is all just speculation but rest assured Bitcoin will continue to grow and the price will continue to rise.

[Nwada001]

What are your thoughts on the current Bitcoin price and how best can taking profits help in increasing your overall Bitcoin accumulation journey?

Bitcoin was never meant to be bought and kept forever in the wallets of holders, but it's meant to be used for different purposes.
 
There are dome whales whose wallet was recorded to have made little sales for the first time and taken profit, which is the best thing I believe everyone should do: take profit when you think the time is right and restock it back when you feel like it's your best entry time. 
 
Personally, I was unable to sell when the price was at $69,000, as it does not stay there for long, and I was hoping for it to get to $70,000 before I could sell a few and take profit, but I ended up selling a few of my holdings at $67,000 and buying them back at $60,500, which was a good one for me, and I'm still holding back my normal volume, yet I was able to secure a small profit.

[tabas]

I doubt it that person it's all that he's got. Yes, 1000 Bitcoins sure are a lot of holdings but if he's been there since the early days of Bitcoin, it's possible that he's got more on his stash and he's kept a lot of it ready to be sold in the market and preparing for his retirement. I think that if there are dormant accounts and bitcoins that have been sold in the market, whoever holds it deserve the money that he's gonna have. But the thig is, these medias are making it look like it is a scary thing when an old account starts moving those bitcoins into exchanges as if it's not a normal thing to hold for a long time and send them to the exchange for that person to profit. And if that person can afford to sell 1k bitcoins, I am pretty sure that he's gonna wait for some more to release the other bitcoins that he's stacked for a very long time.

[Lida93]

Can those of us today also hold this long? It's a rhetorical question I leave for a lot of us today to ponder on. For 14 years holding isn't 14days or weeks. There must have been many like him who bought bitcoin same year 2010 like this whale we are discussing of today but they couldn't hold this far.

To get the greater profits from bitcoin has so much to do with how long we choose to hold it, the longer we hold the more profit that accrue. If my calculations are correct this whale holdings has seen about 4 consecutive bull run circle's but a lot of us can't even hold for a single season. Taking profit is part of bitcoin investment and I think that what the whale has just did.

[Wexnident]

~

I mean, it's been so long so I reckon a lot of old wallets would take profit. I reckon they wanted to wait more when the last ATH happened but well, it corrected itself pretty fast so I guess they didn't have that opportunity. I'm guessing they changed their minds this time around and just wanted to profit when it reached the last time they wanted to do profit.

I'd do the same really. Probably not as long, but I'd profit out whenever I want to, and wait if it hasn't reached what I want (if it hasn't changed). We might be all hodling but at some point, we're all going to sell to profit it out anyway. And it's money that we can afford to lose and, well, at some point said money wouldn't even provide any losses for you even if you sold early since you've been hodling for so long.

[aoluain]

I'm just pondering a few things

a.) The timing - Everyone knows we will pass the ATH and hit $100k for example at some
stage. If that whale DIDNT need to liquidate 1000 Bitcoin why not wait longer for even
bigger profit. The chances are that the whale has more Bitcoin, I doubt it was a full
cash out scenario

b.) do they not think Bitcoin is going higher? they had a chance to sell 1000 Bitcoin at the
last ATH.

c.) how does anyone cash out 1000 Bitcoin and not consider the tax implication, Imagine
paying ~25% tax on it, would they have sought top accounting advice before selling to
minimist the tax liability?

[Dr.Bitcoin_Strange]

It's a quick shoot to take profit at $69k; I personally want to take profit around $100k upward, but that doesn't mean it's a bad idea to sell now and grab the already-earned profit. It could be possible that the whale that sold at $69k might have also bought back when the price crashed down to $64k. The bull market of next year will give Bitcoin its new peak price, which is expected to be above $100,000. If we continue to hold, it means more profit. 

[Fundamentals Of]

Those who have accumulated so much Bitcoin are not looking for ways to increase their Bitcoin holdings. On the contrary, they're probably just looking for the best exit points. Bitcoin was nothing in 2010. These whales must have thousands or tens of thousands of Bitcoin in their wallets. They're definitely not trying to add more. They're selling now because they want to enjoy their massive profit.

But what's interesting to notice is how these coins were quickly absorbed by the market. There was the correction because of the big supply that suddenly hit the market, but the correction didn't stay long. The recovery was almost instant. This means the demand really is very strong now.

[Strongkored]

This is just the beginning because the price will be even higher, especially after the halving, so it's nothing compared to the final ATH after the halving which will make Bitcoin get even more news.
Stick to our target, if the target is after the halving then we should be able to keep holding Bitcoin or continue accumulating it, but it would also be good if we could slowly enjoy what we have been fighting for so far, maybe the percentage sold is only small and that's just to spend it on the right things We have planned it beforehand or we have set it if the price of Bitcoin rises. So selling it in parts is not wrong and keeping it is also not wrong because everyone has different targets.

[peter0425]

As Bitcoin touched its all-time high of $69,000 on match 5th so many whales and old wallets take profits, as Cointelegraph captured today, allot has been going on regarding Bitcoin price and since the bull run is already here, so many old wallets will indeed take profits,  this is the advantages of Bitcoin long term approach,  because this whale, in particular, was said to have been holding since 2010.


What are your thoughts on the current Bitcoin price and how best can taking profits help in increasing your overall Bitcoin accumulation journey?

Link article: https://cointelegraph.com/news/bitcoin-retraces-ath-btc-hodlers-profit?fbclid=IwAR0d3bF9soyuXJa3rOAnkhyiUdrdcKBSScDKTPLTL6XqmHFFIY3qKAD7Vd4

This is normal thing from those who wanted to taste their profit knowing that this Whale have been holding since 2010? damn that is a great opportunity for him to finally spend his long waited income.
those are the people in which We are cryptonians love seeing when people are making their way to the top.
that would be 6.9 million$? what a big money to withdraw.

[yhiaali3]

Well, its his Bitcoins then he do have the full rights on when to sell. The only thing that i do have in mind is that. Why he didnt wait up for the bull run to come? Does he project that there might be no other pumps
or price increase such as of this moment or current condition? If he had waited a bit more or lets say a year more on the bull run period then for sure he had made out even more millions with those holdings.
Price is projected to hit $150k or more but well no one knows on what the future looks like but if that early holder or miner did decide to take profits then thats a nasty multi-million profit.

What you say is logical, but unlike you, I wonder why he did not sell at the previous ATH and sold now. I mean, why did he keep Bitcoin these extra years if he was going to sell at the same price as ATH 69K$? Don't you find this a bit strange?

If he had sold at the previous peak at the same price and then returned and bought at a lower price and sold now, it would have been acceptable, but according to the news, this portfolio has been dormant since 2010, and therefore I am surprised why he did not sell at the previous peak and sell now?

[adaseb]

Anyone trace these bitcoins and can confirm it was sent to an actual exchange? Maybe it was just a coincidence that he decided to move his coins the same time we hit a new ATH.

Pretty crazy holding all these years. Means he most likely has a larger stash and sells whenever we are in a bull market. Very rare to see coins move from this era.

[BABY SHOES]

There is always a story when the price of bitcoin reaches an all-time high this is not strange because the whales always have bitcoin in the old wallet suddenly wake up when the price has reached ATH, otherwise before there was also the same story so I would not be surprised and indeed they have the intention to sell now to get profits back.

The previous accumulation journey will be more because it has taken profits now but if you continue to accumulate then it will be better you will continue to accumulate bitcoin endlessly despite high prices, don't target the current cycle to take profits because the next few years will be more valuable than now.

Maybe after the next 10 years $69K is the lowest point.

[retreat]

Each investor has their own calculations, some bought Bitcoin 5 years ago and then sold it now, some just held it and let it sit longer. Whatever their decision is, it is their strategy to be able to make a profit from Bitcoin investment. But for me personally, I prefer to hold for now because in my opinion the pump is not only now, but there will also be other pumps which might push Bitcoin to $75k or more than that. And when that happens, maybe I will sell some of my Bitcoins to secure a profit.

[STT]

There is some presumption in reading the tape and taking it as an outright sell.   He may just have chosen to be more liquid and active in his BTC holding.   It might be he has a use for the BTC as capital in some enterprise so he retains the asset but indirectly on a balance sheet or various other possibilities.

I dont find it bearish that people deploy their BTC even if it was a sell.  The reason being if the BTC never moves literally for a decade or more then I dont believe it truly qualifies towards the capitalization of BTC.   The holdings of Satoshi for example are not counted, its believed to be out of reach so yes they exist but its not a consideration towards BTC worth.

It is slightly ironic and we could go back to the famous pizza purchase at the beginning.  That was no negative it was a positive in establishing an honest open exchange of value basic as it was it started the ball rolling in usage.   Even now I'd prefer to see BTC actively used and cycled through, a sell today can be a future buy even though some will not buy back I understand that too.  Larger picture Bitcoin is growing in usage and possibilities with more people gaining access to it.

[LoyceMobile]

You can't possibly know if someone didn't sell before. Changes are whales have more than one wallet.

[philipma1957]

As Bitcoin touched its all-time high of $69,000 on match 5th so many whales and old wallets take profits, as Cointelegraph captured today, allot has been going on regarding Bitcoin price and since the bull run is already here, so many old wallets will indeed take profits,  this is the advantages of Bitcoin long term approach,  because this whale, in particular, was said to have been holding since 2010.


What are your thoughts on the current Bitcoin price and how best can taking profits help in increasing your overall Bitcoin accumulation journey?

Link article: https://cointelegraph.com/news/bitcoin-retraces-ath-btc-hodlers-profit?fbclid=IwAR0d3bF9soyuXJa3rOAnkhyiUdrdcKBSScDKTPLTL6XqmHFFIY3qKAD7Vd4

This is normal thing from those who wanted to taste their profit knowing that this Whale have been holding since 2010? damn that is a great opportunity for him to finally spend his long waited income.
those are the people in which We are cryptonians love seeing when people are making their way to the top.
that would be 6.9 million$? what a big money to withdraw.

1000 x 69000 = 69,000,000 = 69 million not 6.9 million

Maybe he has 1000 or even 10000 more coins