Bitcoin Whale Sold 9,000 BTC After 2 Years HODLing - page 4.

Eugenar

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Quote from: Sanugarid on August 25, 2020, 03:34:09 PM

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?

In my point of view, selling half of it would be a better thing to do in order to sustain his investment. There is a chance for the market price to continue increasing. Its price may be stable at this point but possibility is still a possibility, meaning there would always be a chance. I am not asking him to gamble his investment but to simply continue his investment. The amount would still be there, holding the half of it would be giving him a chance to earn more as a reward for his patience from waiting for twenty-two months.

Quote from: smyslov on August 26, 2020, 10:04:34 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.

What could be the reason behind his dumping of his coins when he can dump a percentage of what he's holding he could dumped half of it and wait a little more time for Bitcoin to reach $15k this year which is not really remote, I figure that he still has Bitcoin in his other wallets, no investors will want to dump all his coins he is comfortable at selling with that profit.

It might be due to change of interest. He could have moved his Bitcoin investment to other projects which are showing a higher rate of increase of a project that has caught his attention.

Jawhead999

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Quote from: Beyerd17 on August 26, 2020, 07:07:43 AM

Nothing to worry about, what do you mean by that? I would worry when a huge whale dumps his holdings. That is a clear signal to all of us that NOW is not a good time to buy, but instead a good time to SELL. Why should anyone pick up the tab for that and other whales that made a killing, and possibly be left with holding the bag with large losses later on?

Then, literally you're not HODLing If you lost money on Bitcoin you either bought in the red or you didn't hodl

Bitcoin have a great potential in the future, nothing is impossible to reach new ATH. Even though it takes a long time to wait getting massive adoption. This year is the good start for Bitcoin because many country printing money to pay debt and bank going bankrupt. Bitcoin will be safe haven besides gold.

taufik123

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Of course, the benefits obtained by the Whales are very many. This is because
22 months of patience in bitcoin and buy it gradually. Bitcoin at the $ 4000 level is the most appropriate moment for these whales to buy Bitcoin.
then sell it for $ 12,000.

This is very crazy, how many benefits can be obtained thanks to the patience and strategy used by the Whales.

This is more profitable than anything with just 22 months. Investing in bitcoin makes people get rich quick, but you have to bear all the risks.
large capital provides a great opportunity too.

smyslov

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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.

What could be the reason behind his dumping of his coins when he can dump a percentage of what he's holding he could dumped half of it and wait a little more time for Bitcoin to reach $15k this year which is not really remote, I figure that he still has Bitcoin in his other wallets, no investors will want to dump all his coins he is comfortable at selling with that profit.

maydna

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Perhaps, that is the best solution for him to sell his bitcoin at $12k rather than wait for longer. I think he has his calculation to sell at that price after he waited for 2 years of holding bitcoin. But I think he still has more bitcoin, and he wants to sell it at another high price. But if he already sold all of his bitcoin at $12k, hm I don't think that will make him happy if he knows that bitcoin price can break $15k or even higher in the future. But with that money, he now has time to wait for a flash dump or another downtrend of bitcoin price so he can buy more at a low price.

But if I were him, I will not sell bitcoin just at $12k, but I will wait for the price to increase more than $22k. But selling at $12k to rebuy bitcoin will be the right solution for him as he can get his money again plus he can make a good profit, and wait for another downtrend to repurchase more bitcoin.

Beyerd17

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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.

Nothing to worry about, what do you mean by that? I would worry when a huge whale dumps his holdings. That is a clear signal to all of us that NOW is not a good time to buy, but instead a good time to SELL. Why should anyone pick up the tab for that and other whales that made a killing, and possibly be left with holding the bag with large losses later on?

kamadazje

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He is a wise investor and a very patient investor but I am not very surprise with it as I know that he has plenty of money knowing that he is part of big whales out there.

Upon checking the bitcoin price last 3rd quarter of 2018, the maximum price of bitcoin at that time frame is only $8.2k meaning if he sold it at $12k then he already earned almost $4k in every bitcoin that he holds. What a wonderful return of investment.

carlisle1

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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?

If that amount is in my wallet?i will do the same ting mate because that is a 100% profit from what i see when the time of purchase.

But i have different view since i only hold small amount of Bitcoin though i am holding almost same time with this whales.

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

Short term or long term the thing is Bitcoin can grow again after losing the value no matter what happen so lets see the next pump sooner.

Lucius

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Nice story about how you can make money by investing in BTC, but in this case it's about someone who was a rich man before the investment because 9000 BTC costs a lot even at a price of only $3000-$4000. While some will disagree that it should have sold now, or that it should have sold only a portion - it may be a strategic sale in anticipation of some new big dump or there is an intention to invest the money in something else.

Although the profit is very significant in this case, it should be taken into account that in the case of legal withdrawal, this person must count on paying taxes, which in some countries can be quite high. However, if the lucky person lives in some countries where there are no such taxes or investing in crypto is regulated in some other way, it is possible that he will keep all the profits for himself.

Zackgeno96

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Quote from: Sanugarid on August 25, 2020, 03:34:09 PM

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?

No, the investor would have thought about this as well, he would either have sold it in chunks or maybe OTC trading, but selling on market would easily make the price crash below $10k pretty easily for some time where the investor could have lost serious money in the process. Hats off to him for accumulating this many bitcoin and making so much profit on top of it, only a few understand the advantages of bitcoin and out of those people only a small percentage of people invest a large portion of their wealth into bitcoin. He came, conquered and left, huge respect for him in the end.

hatshepsut93

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I take these whale alerts with a grain of salt, you can't prove with 100% certainty that and address or a collection of wallets belong to one person, it could easily belong to a service or an organization.

But even if it's indeed like they say, kudos to the whale, taking a 200-300% profit in 2 years is pretty good, even if Bitcoin has potential for much higher prices, there's nothing wrong with taking this kind of profit. However, I would always leave at least 10% of all my coins for the future, because there's always a chance for crazy high prices like $300,000 or more.

john_nautica

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Quote from: tranthidung on August 25, 2020, 11:21:41 PM

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.

Maybe that whale expected too much and missed the first chance to take profit in 2019. Then now the whale took profit with a second chance, in 2020. If he did not expect too much for the rally in 2019, he has at least 2 chances to double their BTC, the dump in late of 2019 and the latest one in early of 2020.

Fortunately, he accumulated bitcoin, hold it patiently and have not yet been panic by FUDs. Eventually, he had chances to take good profit.

Patience, determinantion, and stick with your plan as well as your belief in Bitcoin.

Definitely. Holding Bitcoin is huge risk but if you have faith in it, patience and determination to stick and go on with your decision you will surely reap what you sow. In this regard, Bitcoin is really worth for long term investments.

yohananaomi

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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.

piebeyb

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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

lienfaye

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Holding for almost 2 years end up really worth it for him/her because he made profit. Its an example of being patient with his investment, he never lose hope despite of the ups and down of the market.

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

Who said that bitcoin is no longer profitable?

Well those who said that are not patient enough and just want to see the result of their investment in short time. It is still profitable if you hold and sell at perfect time.

Debonaire217

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I wonder how much is the the transaction fee of that, or maybe, this whale have multiple accounts to hodl the bitcoin and when he sold it, the transaction fee will be higher.

Anyway, it somehow proves that patience do really give us a profit in terms of investment. Imagine if that whale bought at $4000, sold at $12000. By the way, have you seen the transaction in block explorer? He could have been one of the reason why the market goes back to $11500 now.

tranthidung

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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.

Maybe that whale expected too much and missed the first chance to take profit in 2019. Then now the whale took profit with a second chance, in 2020. If he did not expect too much for the rally in 2019, he has at least 2 chances to double their BTC, the dump in late of 2019 and the latest one in early of 2020.

Fortunately, he accumulated bitcoin, hold it patiently and have not yet been panic by FUDs. Eventually, he had chances to take good profit.

Patience, determinantion, and stick with your plan as well as your belief in Bitcoin.

Reatim

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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?

Thats a huge profit mate and i really admire people with this Guts and risk to invest large amount and can keep it for 2 years.
Imagine how much the price of Bitcoin in the 3rd quarter of 2018 and how much when he sell recently?

The Price ranging from 6-7$k and now making it double after 2 years?

no banks or even other investment company can offer you such profit ,and now for sure this whale is waiting for the correction or another Dump to buy back again.

Is this the reason why suddenly the price of Bitcoin falls down again ?

MCobian

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Investing in Bitcoin must have patience, because we never know when the target is achieved. What the whale does with
hold Bitcoin for 22 months is still relatively fast. I found several articles of many people buying Bitcoin at an all time high
price until now they still hold Bitcoin that they have. Indeed, that is the correct way of investing in Bitcoin, we must be
patient until our selling target reached.

Gotumoot

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I would really consider taking profit as of this time we are in a pandemic a global crisis and there are so many people who lose their job.
I think it is a great move for whoever the whale is who knows what the person is going through.

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