Topic: Chinese investor loses $400,000,000 in Bitcoin (Read 828 times)
Your analysis is wrong how can you say he has lost when he is still in position of the said amount of bitcoin since he has not sold the bitcoin in his possession, because if he hodl and Wait for price rise he will still recover and even make remarkable profits on the bitcoin because the bitcoin market is always volatile.
I think he is still making a profit and not missing if he buys his $5000 worth of bitcoin during March he sold it for $ 6000.You know that an investor who has a large amount of bitcoin knows what he is doing and I believe he will not sell his bitcoin if he know he can lose it.
it's not true is not it? until he cashed them until he lost his money 
How true really is this news? I am not convinced about this. $400,000,000 is a whole lot of money. But no matter what, I still will not blame the investor for deciding to hodl. He should even hodl more till Bitcoin bounces back fully.
I agree with you because I don't believe in that. Chinese investors are very smart people, so I don't think that they can make such a big mistake in the crypto world.
He had some 100,000 Bitcoins on March 2018 when Bitcoin was $10,000 to $12,000. Now Bitcoin is $6,000
Read:
At least one individual in China took the term “HODL” to heart as his or her Bitcoin wallet has seen a total of 93,947 BTC transferred to it since March 25, 2018. The wallet’s address is 1KAt6STtisWMMVo5XGdos9P7DBNNsFfjx7 and it currently possesses 85,947 of the total amount in Bitcoin that it originally had, after selling exactly 8,000 BTC off.
Read more: https://cryptovest.com/news
Read:
At least one individual in China took the term “HODL” to heart as his or her Bitcoin wallet has seen a total of 93,947 BTC transferred to it since March 25, 2018. The wallet’s address is 1KAt6STtisWMMVo5XGdos9P7DBNNsFfjx7 and it currently possesses 85,947 of the total amount in Bitcoin that it originally had, after selling exactly 8,000 BTC off.
Read more: https://cryptovest.com/news
I
really wonder how traders are able to hold this much big amount and how carelessly people lose this much big amount in BTC is such an easy way. The transaction is considered in loss only when the holder sells the particular amount or stakes in BTC in lesser than the price at which he bought. We can easily see the power of BTC and how holding the BTC for a long-term can make you a billionaire.
I am sure that he will make huge profit in future. Such a big investor will be very much patient with his investment.
Just because he had close to 100k Bitcoins in March doesn't automatically mean he bought them all in March. If he had bought at any point pre-December 2017 (all time high at that point was around ~$5k), he'd still have made at least ~$8 million dollars in profit by selling off 8k coins.
If nothing else, this scenario puts into perspective how well Bitcoin is doing despite the bear market. Same time last year, Bitcoin was trading for around ~$2k if I remember correctly.
well he just lost opportunity and the lesson from this case is dont be greedy and just hold your coins cause market will definetly recover. If nothing else, this scenario puts into perspective how well Bitcoin is doing despite the bear market. Same time last year, Bitcoin was trading for around ~$2k if I remember correctly.
Wooww. I can't imagine that earn money with all my life even BTC rise up to 1M$. And hi has a big loss. I hope he is right.
the latest info from the wallet at 2018-07-01 13:03:15 he has sent all the remaining bitcon with a total of 85947.12740781 BTC.
Hopefully he does not sell it at current prices ... because if that happens, bitcoin prices will drop significantly
Hopefully he does not sell it at current prices ... because if that happens, bitcoin prices will drop significantly
wow ... if that's the case I think the number is very big. maybe investors in China can learn the experience of investing in bitcoin. I think that's a big disappointment. but must be patient because if terlanjur sold then will not get anything.
He had some 100,000 Bitcoins on March 2018 when Bitcoin was $10,000 to $12,000. Now Bitcoin is $6,000
Read:
At least one individual in China took the term “HODL” to heart as his or her Bitcoin wallet has seen a total of 93,947 BTC transferred to it since March 25, 2018. The wallet’s address is 1KAt6STtisWMMVo5XGdos9P7DBNNsFfjx7 and it currently possesses 85,947 of the total amount in Bitcoin that it originally had, after selling exactly 8,000 BTC off.
Read more: https://cryptovest.com/news
Read:
At least one individual in China took the term “HODL” to heart as his or her Bitcoin wallet has seen a total of 93,947 BTC transferred to it since March 25, 2018. The wallet’s address is 1KAt6STtisWMMVo5XGdos9P7DBNNsFfjx7 and it currently possesses 85,947 of the total amount in Bitcoin that it originally had, after selling exactly 8,000 BTC off.
Read more: https://cryptovest.com/news
He lost nothing, it's a lost profit, he just did not do anything, so he did not get the profit he could get.
In fact, consider other people's money is not good - a bad sign.
I assume anyone who is investing that kind of money knows what they are doing, and appreciates the risks Vs rewards involved. That said for anyone who invested big money at the ATH must be sweating a little right now, but if you look at some of the predictions for the long term, they might still be very wise investments.
Too Bad, That would have been good when he relax himself and wait for the bull run again... The bitcoin economy is not for him i think... That huge BTC should have been hodling for about 3-4 years to gets its full Earning.
Maybe that Chinese investors felt fear during the falling of bitcoin price or maybe that investors badly needed the money that's why he sell his bitcoin even in a lower price. But i think he still gain profit and not lost if he buy his bitcoin at $5000 during the month of march then he sold at $6000. You know that investors that has a huge amount of bitcoin knows what he did and i believe he will not sell his bitcoin if he know he could lost it and felt regret someday.
If this is exactly what happened to them then we must learn from it. We must know when to hodl and to what extent we should hold. Also we have to know when to sell. Crypto market is volatile and cryptocurrency investment is for risk takers and those who have patience.
The Chinese investor loses $400,000,000 in Bitcoin and the later the price fell. There are more sellers. I think he will be more damaged if it sells at this time. holding assets is something to do in investing.
These new investors don't understand the meaning of hodl. Sometime they do not even know what investment means. Atleast hodl for a couple of years. Ether grew to the current price after 3 years of hodl. Be patient. You're not going to do 100x overnight.
He had some 100,000 Bitcoins on March 2018 when Bitcoin was $10,000 to $12,000. Now Bitcoin is $6,000
Your calculation is wrong. He would have lost that much if he would have sold. You know the profit/loss only when you are on the same coin i.e. after conversion is done for real.
He sold only (heh, only?!!!?) 8 000BTC of the
The Chinese investor loses $400,000,000 in Bitcoin and the later the price fell. There are more sellers. I think he will be more damaged if it sells at this time. holding assets is something to do in investing.
He had some 100,000 Bitcoins on March 2018 when Bitcoin was $10,000 to $12,000. Now Bitcoin is $6,000
Read:
At least one individual in China took the term “HODL” to heart as his or her Bitcoin wallet has seen a total of 93,947 BTC transferred to it since March 25, 2018. The wallet’s address is 1KAt6STtisWMMVo5XGdos9P7DBNNsFfjx7 and it currently possesses 85,947 of the total amount in Bitcoin that it originally had, after selling exactly 8,000 BTC off.
Read more: https://cryptovest.com/news
I don't seem to understand the post also. Are we talking of 2 bitcoin holders here? What has the hodl got to do with loss? You are reason why some thread are uneccesarily deleted by admin because the OP was actually not clear enough to make a sensible contribution. Read:
At least one individual in China took the term “HODL” to heart as his or her Bitcoin wallet has seen a total of 93,947 BTC transferred to it since March 25, 2018. The wallet’s address is 1KAt6STtisWMMVo5XGdos9P7DBNNsFfjx7 and it currently possesses 85,947 of the total amount in Bitcoin that it originally had, after selling exactly 8,000 BTC off.
Read more: https://cryptovest.com/news
There aren’t any realized losses since the investor is still holding the bulk of his BTC. And we do not know what is the price he bought his BTC for.
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