Chinese Investor bought 10,000 bitcoin during the dip! - page 14.

ruthbabe

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Quote from: Xester on May 06, 2018, 07:50:20 AM

This person is a Chinese and he is from CHina. Though the Chinese government is not allowing the use of cryptocurrency and ICO in China... [~snip]

What I know is that China only banned ICOs, and has instituted cracked down on digital currency exchanges. But, despite the ban and crackdown, the usage of Bitcoin and cryptocurrencies seems legal as cryptocurrency trading remains unabated in China.

In addition, a news report from Aljazeera says, "China is one of the main exchange markets of bitcoin, although the currency exists in a legal limbo and is prone to speculation. The country hosts some of the biggest "mining pools" in the world where clusters of supercomputers mint new bitcoins and maintain the system. Some of these supercomputers are installed in rural places close to power plants."

JaydenBlackRaven

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Damn that is one hell of an amount! I would feel kind of iffy having to deal with huge transactions like that myself Cheesy Cheesy

This must be someone who either knows something, or someone who never in his life has to worry about money.

lance04

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In this scenario that Chinese investor bought ten thousand bitcoin during the dip it is a great chosen decision to him or to her
because it buy it with the affordable price in the market and if the right time comes that the value of it in the market offered high then it is your opportunity to be also profitable.

tabas

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Quote from: ?? on ??

This is huge, its one of the advantage of volatility, now, he already made more than 30% profit because he knew where and when to invest his money. HW has more money to improve his application and his business, if he has one.

Yeah this guy is still in profit though the price of bitcoin moved back from $9,900 to $8,900 and now it's $7,500 so there's still a good profit for him. What if this angel investor sold most of the bitcoin that he sold during the dip and now he's trying to buy back again when he thinks it's enough to buy again?

Lakshitha1977

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Lucky HIM, Wish we can invest like that, not for 10K BTC, at least 10 BTC, well still a long long way head for us, not sure when we get there this will still be a thing.

well all we can do is going forward at our best speed, for me it's bounty campaigns, doing many as I can, and trying my best to choose good ones, and convert a portion into BTC and other keeping in that token, well may be slow, but still better that not doing anything about it.

SlickMoTwoToe

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Quote from: Xester on May 06, 2018, 07:33:59 AM

https://www.ccn.com/chinese-angel-investor-gathers-10000-bitcoins-during-bear-q1-2018/
There was one Chinese investor who is now trending after he bought 10k bitcoin during the Q1 bear or during the bearish movement at the first quarter of the year. According to the article he was Cai Wensheng the founder of a selfie-app called Meitu which is very popular in China. This man is a good sign that bitcoin really is becoming more attractive to big enterpreneurs across the globe.

Now bitcoin was spreading globally and many country now start adopting bitcoin as their other way of payment and besides china is one of the richest country all over the world that have a great impact in the society.

darkangel11

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Don't let others control your BTC -> self custody

Quote from: yatogami on May 23, 2018, 06:07:12 PM

I wonder how this guy managed to buy all those coins if the Chinese government banned cryptocurrencies and ICOs?
Did he move out of the country? Will he have problems with the authorities if he wants to get back to China?
Anyway, this story shows that despite all artificial barriers bitcoin is still attractive for many investors around the world.

Chinese exchanges moved to other countries if you haven't heard. For instance Huobi is now located in Singapore. They still belong to the Chinese, just aren't registered in China because of the government's stance. So, many Chinese own and trade BTC on a daily basis, even in China. They just can't do it officially.
I'm not an American citizen, but I can shop in America online and have the product shipped to my house. The governent ban means you can't run a company within the country, but it doesn't mean you can't own BTC.

Renampun

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Quote from: Xester on May 06, 2018, 07:33:59 AM

https://www.ccn.com/chinese-angel-investor-gathers-10000-bitcoins-during-bear-q1-2018/
There was one Chinese investor who is now trending after he bought 10k bitcoin during the Q1 bear or during the bearish movement at the first quarter of the year. According to the article he was Cai Wensheng the founder of a selfie-app called Meitu which is very popular in China. This man is a good sign that bitcoin really is becoming more attractive to big enterpreneurs across the globe.

interesting, this is a good sign for cryptocurrency, the cryptocurrency will be increasingly in demand especially for Chinese citizens because there are many people who are open to new things like cryptocurrency...

yatogami

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Quote from: Xester on May 06, 2018, 07:33:59 AM

https://www.ccn.com/chinese-angel-investor-gathers-10000-bitcoins-during-bear-q1-2018/
There was one Chinese investor who is now trending after he bought 10k bitcoin during the Q1 bear or during the bearish movement at the first quarter of the year. According to the article he was Cai Wensheng the founder of a selfie-app called Meitu which is very popular in China. This man is a good sign that bitcoin really is becoming more attractive to big enterpreneurs across the globe.

I wonder how this guy managed to buy all those coins if the Chinese government banned cryptocurrencies and ICOs?
Did he move out of the country? Will he have problems with the authorities if he wants to get back to China?
Anyway, this story shows that despite all artificial barriers bitcoin is still attractive for many investors around the world.

coin-investor

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Quote from: Xester on May 06, 2018, 07:33:59 AM

https://www.ccn.com/chinese-angel-investor-gathers-10000-bitcoins-during-bear-q1-2018/
There was one Chinese investor who is now trending after he bought 10k bitcoin during the Q1 bear or during the bearish movement at the first quarter of the year. According to the article he was Cai Wensheng the founder of a selfie-app called Meitu which is very popular in China. This man is a good sign that bitcoin really is becoming more attractive to big enterpreneurs across the globe.

This is one guy who is not afraid to gamble on cryptocurrency and I'm pretty sure it pays off, we just don't know how much profit he already regains, of course, he will sell some percentage everytime there is a bull run this is to regain his investment, this what makes cryptocurrency investment so exciting.

miti bounty12

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That's a very smart guy. He will become one of the wealthiest people in the world in a few years.

davidlau0797

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Quote from: yazher on May 06, 2018, 08:02:06 AM

One of the whales, this man is a risk taker not only on bitcoins did he invest but some other coins too. i wonder what he would do for that huge money?

Mr. CAI has also invested in many block chain project, in the field of Chinese chain blocks, he was well-known investor, and he is the founder of the beautiful group, its also has long led the capital do endorsement.

He is very bullish on the block chain.

jennyshefard

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It’s true that nowadays bitcoin is getting recognized all over the world. This Chinese investor is also clever because in china crypto currency is blocked but he buy 10000 bicoin which is a clever decision because crypto currency is developing day by day also it has good future. I think this investor is future oriented so he invests money here & took this clever decision.

TheKeyLongThumbI

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There's really no doubt that Chinese are seeing bitcoin as a pot of gold. It has much more worth than gold and silver and the its multipliers can be huge in 1-2 years.

zhuiyongliang8

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Although China has banned cryptocurrency, the Chinese are very interested in investing in bitcoin. China's dictatorship does not affect people's enthusiasm for bitcoin.

I believe bitcoin has a bright future.

online73

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Ecowatt.io

This is amazing news - for me 10 Bitcoins, the amount of which you can only dream of. It's amazing! 10 000 BTC! But, the same says about the interest in digital gold, where are the arguments about this news, people who say that Bitcoin will soon burst? I think that the infusion into the crypto economy will grow with the years, and this news is an additional confirmation.

Sithara007

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Still not as lucky as the Winklewii. They had purchased their 100,000 coins for around 10 million USD in 2013. A few months back, the total value of that investment was $1.5 billion, which represents a 150x rise.

drachman

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Quote from: uszaty43 on May 06, 2018, 07:24:08 PM

Well, if he bought when the price was less than $6000.. then he is gonna be on a x2 in a few months from now as soon as everything recovers back to its all time high (just like it used to be before)

Someone that can buy 10,000 bitcoins is probably not going to sell his coins just because he doubled his investment he is probably thinking about what the future is going to bring and the huge price of bitcoin can reach in the next decade, and to be honest if I had the money I will do the same unfortunately as you may guess I don't have the money to become such a big whale.

Nodehype

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wow, this is so a huge amount

dificanovi

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Quote from: Xester on May 06, 2018, 07:33:59 AM

https://www.ccn.com/chinese-angel-investor-gathers-10000-bitcoins-during-bear-q1-2018/
There was one Chinese investor who is now trending after he bought 10k bitcoin during the Q1 bear or during the bearish movement at the first quarter of the year. According to the article he was Cai Wensheng the founder of a selfie-app called Meitu which is very popular in China. This man is a good sign that bitcoin really is becoming more attractive to big enterpreneurs across the globe.

this is good news, now have started people see the good side of bitcoin. if more and more people are using bitcoin then bitcoin price will be very expensive. nowadays many big companies will use blockchain for the development and progress of their company.
I'm sure in the days to come the price of bitcoin is much more expensive than it is now.

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