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

Marvell1

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Quote from: BITCOIN4X on March 10, 2024, 11:23:11 AM

Quote from: Marvell1 on March 10, 2024, 09:06:49 AM

Quote from: bittraffic on March 07, 2024, 10:49:08 AM

~Snip

Taking profits is never wrong and people who are satisfied with what they have will often feel happy. What if bitcoin doesn't rise to $120k and falls to $30k, have you thought about that situation? In addition, selling 1000BTC for 60 thousand dollars also brought him millions of percent profit, do you want more? Everyone has their own goals and plans, I won't be too skeptical about their decisions just because they don't think like us.
1000BTC is huge for every investor, but compared to the market it is nothing so don't be too skeptical about everything, this is just a normal profit taking action.

Of course, that's not a bad thing to do even though it could actually get higher returns if it held longer. Selling all the bitcoins in your wallet right now may be very tempting especially since the price is already at a new ATH, but however the price may be more expensive in the future as the halving could trigger a lot of fomo among investors and traders.

Taking profits now with some of your bitcoin is a wise choice, but one may want to sell them now and enjoy them rather than waiting a long time. 1000 bitcoin = $69 million, that's a lot of money to reinvest and diversify into some real assets and also crypto at lower prices.

That guy bought bitcoin for $1 while we bought bitcoin for $10k, $20k, someone even bought it for $40k. That means his profits and ours are very different, even a huge gap. Let's stop imposing our thoughts on others and don't think they are wrong for not waiting a little longer to sell bitcoin at a higher price. If we only spent $1k and made a profit of $60 million, would we want to be more greedy?

Those of us who are buying bitcoin for $20k will sell bitcoin when the price reaches $100k and it only increases 5 times, while his profit is several million times. I don't see any reason to hesitate and not sell them.

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Quote from: doomloop on March 10, 2024, 12:59:24 PM

The most probable reason for why he sold now and didn't wait further is maybe because he needed funds or maybe he is satisfied with the gains and didn't want to wait any longer for any reason known only to him. Who knows? He might have more Bitcoins stored somewhere else and has just sold a small portion of what he holds.

Whatever could be the reason, still overall I love news like these. It makes me feel so happy for the people and it looks like it is going to actually be a good decision, it doesn't mean that we are going to end up with a good or bad decision, of course its going to take some time, but we are at least there, it means a lot. I hope that people could see how great this is, because someone who has been holding for that long finally selling has two great reasons to be happy about.

First of all, it is great because it means less money at long term holders, more money and liquidity for the market and that is always a good thing.

Secondly, it shows that we are growing so much and we are in a good state which is proven by someone finally selling a lot of coins to enjoy after enough patience. Everyone needs money and we cannot complain about selling at the beginning of bull run as halving is on due this year. I am happy when I am able to convince to be a long term holder and more happier when a long term holder enjoys the fruits of their patience.

adaseb

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Some company did an analysis on this individual and they concluded that he most likely has sold in the past similar amounts.

They think he was one of the first GPU miners since most of his blocks found were when the total hashrate was around 5 Gh/s. Which is extremely small. So he could of mined 10000-30000 coins and sells them every few years to take profit.

doomloop

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Quote from: bittraffic on March 07, 2024, 10:49:08 AM

The more I think of the reason why he took profit at the time when people were holding, I think know something will happen that we don't. It could be that there will be a massive sell off?

Why do you think he knows something that we don't? Do you think he is supernatural and can see the future or he has a crystal ball that shows him what is going to happen in the future? If it's none of two, then there is no way for him to know what we don't because no one in the world can know what exactly is going to happen in the future, and we all, including the utmost experts of the market, just make predictions and speculate on the future outcomes.

The most probable reason for why he sold now and didn't wait further is maybe because he needed funds or maybe he is satisfied with the gains and didn't want to wait any longer for any reason known only to him. Who knows? He might have more Bitcoins stored somewhere else and has just sold a small portion of what he holds.

ajiz138

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Do we need to stick around for 15 years to take the same advantage? I think the whale has long invested in other fields for a long time so when buying bitcoin first until now it is able to survive, try to imagine if it is in our position is it possible to continue to hold? We are more curious and in the end it is sold when it is 2x profit.

One of the best ways to take long-term profits is to stick to HODL how strong you do that then the feasibility of profit will be much greater, then we need to have the courage to last for 15 more years or even two decades.
Accumulate over time it will be better but how strong will you be to buy in a high price situation that should sell to take profits.

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That man will live the rest of his life as a freaking millionaire and will never need to work for a single day again. I usually just sell 'some' of what I have during bull runs, and just rebuild when there's blood on the streets. The proceeds of my sale usually goes to other investments that I have, and some I use to indulge a little. A thousand bitcoins may seem a lot, but during bull runs, it gets easily eaten by the volume and will be changing hands a lot of times before the hype dies down.

I say congrats to that man for hodling for 14 long years.

dimonstration

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Quote from: snipie on March 10, 2024, 12:05:26 PM

Quote from: famososMuertos on March 10, 2024, 11:24:33 AM

Man, seriously, we speculate about the price or thinking about why 1000 BTC are sold, the reasons can be funny or diverse, although they are from the year 2010, it only indicates as a good example that Hodl is not eternal.

Everyone holding Bitcoin will sell it one day and start investing the money again in a way or another.
Since Bitcoin passed $70k and he sold at $69k then you could imagine how much he missed if he waited just more days!

Considering the time that he waited and how price keeps up and down hard. That 1M the he missed out is probably the amount he can get or less if he recover the wallet earlier. I think the time of waiting is already enough to take profit since there’s no guarantee that the price will still move further above 70K.

I will do the same to take profit as soon as the price hit the previous ATH if I accumulated my Bitcoin 14 years ago. Instead of risking more and take profit less once the price crash.

snipie

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Quote from: famososMuertos on March 10, 2024, 11:24:33 AM

Man, seriously, we speculate about the price or thinking about why 1000 BTC are sold, the reasons can be funny or diverse, although they are from the year 2010, it only indicates as a good example that Hodl is not eternal.

Everyone holding Bitcoin will sell it one day and start investing the money again in a way or another.
We should be happy that BTC1000 returned to the circulation after being out of the market for more than a decade Wink

Since Bitcoin passed $70k and he sold at $69k then you could imagine how much he missed if he waited just more days!

famososMuertos

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Man, seriously, we speculate about the price or thinking about why 1000 BTC are sold, the reasons can be funny or diverse, although they are from the year 2010, it only indicates as a good example that Hodl is not eternal.

It seems that for some there is always a better price, in this case 100,000 in percentage terms, 30% more, and that surely when we are at 100,000, some will say: 150k...!

Fortunately this guy sold theirs BTC from 2010: ty, Well done.

Consequently, those who bought today in 2024 will sell in 2050, it will be news or it will be normal in those years.(!?)

Anyway, what interests us here is knowing that the mythical 100k that seemed like the "psychological" barrier to overcome began very early with the 70k range.
Since, exceeding 70k meant a direct destination to the moon (100,000)...

BITCOIN4X

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Quote from: Marvell1 on March 10, 2024, 09:06:49 AM

Quote from: bittraffic on March 07, 2024, 10:49:08 AM

~Snip

Taking profits is never wrong and people who are satisfied with what they have will often feel happy. What if bitcoin doesn't rise to $120k and falls to $30k, have you thought about that situation? In addition, selling 1000BTC for 60 thousand dollars also brought him millions of percent profit, do you want more? Everyone has their own goals and plans, I won't be too skeptical about their decisions just because they don't think like us.
1000BTC is huge for every investor, but compared to the market it is nothing so don't be too skeptical about everything, this is just a normal profit taking action.

Of course, that's not a bad thing to do even though it could actually get higher returns if it held longer. Selling all the bitcoins in your wallet right now may be very tempting especially since the price is already at a new ATH, but however the price may be more expensive in the future as the halving could trigger a lot of fomo among investors and traders.

Taking profits now with some of your bitcoin is a wise choice, but one may want to sell them now and enjoy them rather than waiting a long time. 1000 bitcoin = $69 million, that's a lot of money to reinvest and diversify into some real assets and also crypto at lower prices.

Marvell1

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Quote from: bittraffic on March 07, 2024, 10:49:08 AM

But why now when the price could go further up to $120K?
He waited since 2010 and then did not take profit back in 2021 at the same price back then so why not wait til 2025 ATH this is probably the biggest that he could get and not just $70M.

The more I think of the reason why he took profit at the time when people were holding, I think know something will happen that we don't. It could be that there will be a massive sell off?

Taking profits is never wrong and people who are satisfied with what they have will often feel happy. What if bitcoin doesn't rise to $120k and falls to $30k, have you thought about that situation? In addition, selling 1000BTC for 60 thousand dollars also brought him millions of percent profit, do you want more? Everyone has their own goals and plans, I won't be too skeptical about their decisions just because they don't think like us.
1000BTC is huge for every investor, but compared to the market it is nothing so don't be too skeptical about everything, this is just a normal profit taking action.

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Quote from: TheGreatPython on March 10, 2024, 03:25:02 AM

The guy got $69 million for coins that he either bought for less than $100 since the price was barely around $0.1 or mined for free because, at that time, one could mine Bitcoins using a personal computer without much computing power because of its low mining difficulty and because of no much competition in the mining sector of it, there were barely a few people that knew about Bitcoin and made transactions with it back then.

What I find surprising is that he didn't wait longer, he has probably been following up with the market and could see that Bitcoin has hit a new all-time high way before the halving event, which means that the price can go way higher than this after the halving which is what it usually does.

The opposite happens to me, what surprises me is that he has waited so long. Would you wait 14 years without knowing if bitcoin is going to disappear or not? Think that in 2010 bitcoin was nothing more than a very volatile sort of startup. And in 14 years you don't know if you'll still be alive. It's probably someone who had quite a lot of money, apart from that amount of bitcoin, because people who are drowning in their meagre resources can't hold on for nearly that long.

TheGreatPython

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The guy got $69 million for coins that he either bought for less than $100 since the price was barely around $0.1 or mined for free because, at that time, one could mine Bitcoins using a personal computer without much computing power because of its low mining difficulty and because of no much competition in the mining sector of it, there were barely a few people that knew about Bitcoin and made transactions with it back then.

What I find surprising is that he didn't wait longer, he has probably been following up with the market and could see that Bitcoin has hit a new all-time high way before the halving event, which means that the price can go way higher than this after the halving which is what it usually does.

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Quote from: bittraffic on March 07, 2024, 10:49:08 AM

But why now when the price could go further up to $120K?
He waited since 2010 and then did not take profit back in 2021 at the same price back then so why not wait til 2025 ATH this is probably the biggest that he could get and not just $70M.

The more I think of the reason why he took profit at the time when people were holding, I think know something will happen that we don't. It could be that there will be a massive sell off?

maybe he took 69k and a lot of coins in nov 2021

and now took 69k a lot of coins in in mar 2024

and still has 8,000 coins left.

Wiwo

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First how and you know that the whale actually sold his Bitcoin, just because by just saying that the Bitcoins were moved from the wallet to an exchange does not signify that he sold out already, because he may have moved the coin there for any other possible reason that could have been the reason.

So for the above reason, there is no way we can know what and how far a whale has gone with his bitcoin holding either he wants to hold them on the exchange instead of his personal wallet that has been left dormant since 2010 that was stated in the article posted.

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Quote from: philipma1957 on March 07, 2024, 10:05:13 AM

Quote from: peter0425 on March 06, 2024, 11:55:02 PM

Quote from: Ojima-ojo on March 06, 2024, 11:21:59 AM

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

For sure he hasnt sold all on which he might released either 1/4 or 1/2 of his bag or even just that lesser. It would be impossible for an early adopter or miner that he would be making that all in sell
considering that he had seen on how Bitcoin increase into its price on which it is enermous and that 14 years of waiting is really that worth. Profit taking? This is always been that a normal thing
and if that person considered out on selling out his coins then there's nothing we can do about that. It could make out that significant drop but it wont really be something that do last.
Dip would be eaten on which this one is already that anticipated.

thecodebear

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Weird time to take profits, right at the start of the bull market, after waiting 13 years haha. But hey if the person has thousands more bitcoin maybe they don't mind only getting $60-something million for 1000 btc instead of waiting a year to get like double that. Either way they are filthy rich.

bittraffic

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But why now when the price could go further up to $120K?
He waited since 2010 and then did not take profit back in 2021 at the same price back then so why not wait til 2025 ATH this is probably the biggest that he could get and not just $70M.

The more I think of the reason why he took profit at the time when people were holding, I think know something will happen that we don't. It could be that there will be a massive sell off?

philipma1957

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Quote from: peter0425 on March 06, 2024, 11:55:02 PM

Quote from: Ojima-ojo on March 06, 2024, 11:21:59 AM

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

LoyceMobile

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

STT

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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.

retreat

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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.

BABY SHOES

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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.

adaseb

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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.

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Quote from: Mahanton on March 06, 2024, 03:52:23 PM

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?

peter0425

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Quote from: Ojima-ojo on March 06, 2024, 11:21:59 AM

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.

Strongkored

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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.

Fundamentals Of

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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.

Dr.Bitcoin_Strange

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Go after the goal... Go!!! It is worth getting!

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.

aoluain

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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?

Wexnident

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Quote from: Ojima-ojo on March 06, 2024, 11:21:59 AM

~

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.

Lida93

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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.

tabas

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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.

Nwada001

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Quote from: Ojima-ojo on March 06, 2024, 11:21:59 AM

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.

ginsan

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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.

coolcoinz

legendary

Activity: 2604

Merit: 1102

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.

Mahanton

hero member

Activity: 2688

Merit: 625

Quote from: Ojima-ojo on March 06, 2024, 11:21:59 AM

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.

Ojima-ojo

sr. member

Activity: 700

Merit: 429

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

Topic: A whale took profits for the first time since 2010 sold 1000 Bitcoins (Read 301 times)