Bitcoin Whale Sold 9,000 BTC After 2 Years HODLing - page 3.

elisabetheva

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Quote from: RokokGudangGaram on August 27, 2020, 08:54:12 AM

Quote from: ?? on ??

At least, that is good for that whale because he can sell bitcoin at $12,000 after waiting for 2 years. But I wonder at what price he bought that bitcoin because if he can buy at $4,000, and sell at $12,000, that is a big profit that he could make. The waiting time for 2 years will be worth it for him because the profit is bigger, but if he still has more bitcoin, I think that will be good for him because he can make another big profit in the future significantly when the bitcoin price can increase so high.

That is indeed true. Sometimes I fell jealous because I am not courageous enough to make such bold movement, to hold coin for a really long time and don't allow market slope to affect my determination. Congratulations to this enthusiasts because now is the time of harvesting of what you have sow and took care for a long time.

It is never too late to invest to get a portion of the reward which is indeed available, there is still enough time available for that because the process of improvement is not this year but will occur next year. those who already have them just keep holding them and those who haven't yet had time to exchange other altcoins to bitcoin. so that at least you can enjoy it even though it's not as big as those who have been holding it for a long time.

Beyerd17

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Quote from: RokokGudangGaram on August 27, 2020, 08:54:12 AM

Quote from: ?? on ??

At least, that is good for that whale because he can sell bitcoin at $12,000 after waiting for 2 years. But I wonder at what price he bought that bitcoin because if he can buy at $4,000, and sell at $12,000, that is a big profit that he could make. The waiting time for 2 years will be worth it for him because the profit is bigger, but if he still has more bitcoin, I think that will be good for him because he can make another big profit in the future significantly when the bitcoin price can increase so high.

That is indeed true. Sometimes I fell jealous because I am not courageous enough to make such bold movement, to hold coin for a really long time and don't allow market slope to affect my determination. Congratulations to this enthusiasts because now is the time of harvesting of what you have sow and took care for a long time.

It's the old buy low and sell high(er)! Problem with that is usually that people start panicking when they see the price heading lower and sometimes quite fast too. They get afraid their're going to lose it all, then they panick and dump. Also people get suckered in buying at or near the top, thinking it's going to moon...

RokokGudangGaram

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Quote from: ?? on ??

At least, that is good for that whale because he can sell bitcoin at $12,000 after waiting for 2 years. But I wonder at what price he bought that bitcoin because if he can buy at $4,000, and sell at $12,000, that is a big profit that he could make. The waiting time for 2 years will be worth it for him because the profit is bigger, but if he still has more bitcoin, I think that will be good for him because he can make another big profit in the future significantly when the bitcoin price can increase so high.

That is indeed true. Sometimes I fell jealous because I am not courageous enough to make such bold movement, to hold coin for a really long time and don't allow market slope to affect my determination. Congratulations to this enthusiasts because now is the time of harvesting of what you have sow and took care for a long time.

Timelord2067

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Quote from: Beyerd17 on August 27, 2020, 01:13:10 AM

I think the shock to many right now is that the price of Bitcoin has stopped rising, and for the last week has been in a slight downtrend. It's painfull to some to look at the daily pricechart and see that one has been losing money. Sometimes the best thing to do is to take a step back.

There' s a whole other set of investors that are looking for stability, so, for BitCoin the reach a reasonable price after it's Covid shock and awe fall is welcome news for advocates and investors alike. (people able to buy just months ago will have at least doubled their funds should they look to cash out).

carriebee

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Quote from: Beyerd17 on August 27, 2020, 01:13:10 AM

I think the shock to many right now is that the price of Bitcoin has stopped rising, and for the last week has been in a slight downtrend. It's painfull to some to look at the daily pricechart and see that one has been losing money. Sometimes the best thing to do is to take a step back.

This is it the price declined lately though many of us expects it could continue rising. There's really a risks for those who have bought at this stage and seeing it's in downtrend is painful indeed. But we can hold and wait for the increase. Anyway, back to the content we can observe how patience is for the above person who holds of btc and take profit after 2 years is well deserved.

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Quote from: cryptoaddictchie on August 27, 2020, 01:51:16 AM

Quote from: Sadlife on August 26, 2020, 07:00:17 PM

That must be the great Institutional short, basically a manipulation to bring down the price again. They want to lower the price, so it can trigger panic. Then buy back and ride the boat.

Thats how trading works. If you are on his shoes wouldnt you sell at a profit already? Sometime we just think that this is whay they thinking what if the whale is really a tycoon decided to invest and sell his profit. Thats business work on some of them but if a certain whale is greedy he can even pulled the price down. Well only a speculative discussion has no ending tales. If the price go down buy more if the price increases take profits. Thats the law of trading, greed can eat you alive when not used properly.

I agree, be a wise trader even if you are only a small trader and take the best opportunity to buy when the price goes down and sell again when the price goes up, the most important thing is to get a profit.
greed only creates losses if your ambition does not match your expectations, when the price goes up you choose to hold it in the hope that the price will continue to rise until it reaches the highest price and it turns out that the price suddenly drops below the price when you first bought it and it is very painful.

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Quote from: Sadlife on August 26, 2020, 07:00:17 PM

That must be the great Institutional short, basically a manipulation to bring down the price again. They want to lower the price, so it can trigger panic. Then buy back and ride the boat.

Thats how trading works. If you are on his shoes wouldnt you sell at a profit already? Sometime we just think that this is whay they thinking what if the whale is really a tycoon decided to invest and sell his profit. Thats business work on some of them but if a certain whale is greedy he can even pulled the price down. Well only a speculative discussion has no ending tales. If the price go down buy more if the price increases take profits. Thats the law of trading, greed can eat you alive when not used properly.

Beyerd17

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I think the shock to many right now is that the price of Bitcoin has stopped rising, and for the last week has been in a slight downtrend. It's painfull to some to look at the daily pricechart and see that one has been losing money. Sometimes the best thing to do is to take a step back.

piebeyb

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Quote from: yohananaomi on August 26, 2020, 01:47:23 AM

Quote from: piebeyb on August 26, 2020, 01:13:00 AM

That's why I often say that bitcoin is not suitable for short term investment, until now I still keep my bitcoins even longer than this person, I believe bitcoin will touch over $ 100k in the next year, but I will see if in the end this year the price touched $ 20k, if it works, chances are we will take a new ATH next year, my message is also to investors who buy bitcoin don't need to panic when bitcoin prices drop, just take that opportunity and hold on to your 1 or 2 years will benefit, lol

agree, that bitcoin will make an increase in the next year and not a prediction so far that the increase will occur this year. but bitcoin will be seen next year's price from the end of this year price will be achieved by bitcoin in what range?
if this happens by the end of this year bitcoin can touch $ 15K +, it is likely that next year bitcoin will experience an increase of 2x or even 3x the price in 2017.

i can't give an exact price prediction in this thread because it is not the place, but i would be happy if you visit my thread here https://bitcointalksearch.org/topic/m.55073975

We're going to see more shocking bitcoin price moves later this year, hoping everyone is on the train and not getting out of it

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Quote from: Sadlife on August 26, 2020, 07:00:17 PM

That must be the great Institutional short, basically a manipulation to bring down the price again. They want to lower the price, so it can trigger panic. Then buy back and ride the boat.
I'm never falling with these kind of strategy once again, that's im not selling, and buying theirs instead.

As much as the amount of bitcoin being moved or being sold, I don't think that it will have enough impact to the market short or long term. That news was like 4 days ago and still the price is above $11k, good indication that there's no impact whatsoever.

There are a lot of reasons why this so called whale decided to sold at $12k, but I don't think that he wanted to bring down the market though. Just profit sharing and probably moving his funds around crypto and stocks market.

Sadlife

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That must be the great Institutional short, basically a manipulation to bring down the price again. They want to lower the price, so it can trigger panic. Then buy back and ride the boat.
I'm never falling with these kind of strategy once again, that's im not selling, and buying theirs instead.

nicecrypto

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Quote from: bitcoinst on August 25, 2020, 02:17:16 PM

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?

It is very profitable if you have the patience for it, this guy is a complete example of a good holder, he never let the market dip to make him panic and sell this is really inspiring, I should also do same with a small amount of btc, held for 2 years and see the outcome.
I am wondering how much he got those 9k btc, he must be 8n a lot of profit by now, not many investment will give such returns.

rodskee

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Quote from: ChrisPop on August 26, 2020, 12:57:59 PM

As always there are many reasons why people buy or sell at certain prices. It could be a nice round number like $10,000 or $12,000 or maybe his PnL sheet shows a nice profits and he wants to walk away with it.
It's nice that the blockchain let us follow the big money traces though.

He is already satisfied with his profits so no one can tell him what to do. It's really great seeing success investors
like this, a very inspirations for people who also wants to have same results.
Buy in the dip then hold till it reached your target goals, for sure you'll be getting the same outcome, bitcoin whale
or investors who really understand the game.
Now he's going to enjoy then wait for another opportunities, for sure he will monitor the market and see what's the
best position to buy back.

pixie85

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Quote from: coupable on August 25, 2020, 05:04:09 PM

Quote from: ololajulo on August 25, 2020, 04:43:50 PM

There was no information of how much he sold. I have concern on those monitoring all this whales account what benefit does it bring.

There was no information to confirm the full story. Full article mentioned in op, made by coindesk, was written based on a tweet shared by someone called "Byzantine General" without a single proof that this did really happened. The full tweet was a chart image of btc price and this text:

Quote

This whale is a legend.

See that big bubble around 6k in 2018?

That's almost 9k BTC that was accumulated there.
He finally took profit, after 2 years and 2 major capitulation events.

Link to tweet: https://twitter.com/ByzGeneral/status/1297449142353092609
In this reply to the tweet, Mr "Byzantine General" seems not to answer properly on how he got the information about that whale or even how he knew he is a whale:
https://i.ibb.co/G0by8xj/klgycwdjh6459.png
https://twitter.com/CarlesMassa/status/1297476603153350656

Am i missing something here? Huh

So in short this general is saying that if 9000 Bitcoins entered a wallet in 2018 and lef the wallet now it means those coins were purchased back then and sold now. Cheesy

I can think of several other ways to produce the same outcome. How many of us changed wallets and sent coins from a centralized walletor a web wallet to a desktop or hardware wallet? Did he really send it to an exchange and sell everything?

You can see alt this speculation is for the sake of making big news. We dropped from 12 thousand so it had to be a whale selling - let's find a wallet that moved coins at that time and tweet about it.

ChrisPop

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As always there are many reasons why people buy or sell at certain prices. It could be a nice round number like $10,000 or $12,000 or maybe his PnL sheet shows a nice profits and he wants to walk away with it.
It's nice that the blockchain let us follow the big money traces though.

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Quote from: bitcoinst on August 25, 2020, 02:17:16 PM

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?

Great call, he might probably make more profit if he continue to hold but i think its already a great call for sure the profit is huge already and investing in bitcoin or cryptocurrency is always a big risk.

It might take a long time before it reach a higher amount or the market could always possibly dump as always so it is not worth it to wait everytime.

Timelord2067

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Also, it is difficult to estimate how much of the 9,000 BTC the whale sold.

No one here can actually confirm the coins were sold, the only thing that is know for certain is that the coins were moved out of that wallet address, quite likely to multiple wallet addresses diversifying the value into more realistic sizes (and to also protect against theft losses)

reliable

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Quote from: Twentyonepaylots on August 26, 2020, 11:18:13 AM

Quote from: bL4nkcode on August 25, 2020, 06:13:25 PM

If it's true, then that would be super worth it if s/he bought those on $3k range and sold for todate price. Anyhow seems btc still good at 11kish, so nothing to worry of this dump.

Super worth indeed, if he bought at $3K then he made it around 3x from his capital. The cryptomarket is not that small for a 9k bitcoin dump to impact the bitcoin price that noticeable, I believe when he did that no one even notice it.

I think this whale trusts bitcoin more than any asset, the amount that he hold isn't small, maybe a businessman? hmm

It is always good and said also that whenever the market is low, or prices had fallen we should be buying it and sell it on high or when you have reached your prices. Bitcoin always bounce back, and this gives ample opportunity for people to buy and sell it. Though holding period could be small or big which is not known but high chances in the end you will make money if continue holding it.

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Quote from: bitcoinst on August 25, 2020, 02:17:16 PM

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 guess he must have bought that Bitcoin at the time when bitcoin was booming owing to its new awareness and without limitations in different nations and then came the plunge in 2018 when things went bearish and has not been on the All Time High levels. He must have bought somewhere around the price he sold it. The investment in bitcoin needs patience.

Twentyonepaylots

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Quote from: bL4nkcode on August 25, 2020, 06:13:25 PM

If it's true, then that would be super worth it if s/he bought those on $3k range and sold for todate price. Anyhow seems btc still good at 11kish, so nothing to worry of this dump.

Super worth indeed, if he bought at $3K then he made it around 3x from his capital. The cryptomarket is not that small for a 9k bitcoin dump to impact the bitcoin price that noticeable, I believe when he did that no one even notice it.

I think this whale trusts bitcoin more than any asset, the amount that he hold isn't small, maybe a businessman? hmm

Topic: Bitcoin Whale Sold 9,000 BTC After 2 Years HODLing - page 3. (Read 892 times)