Come on man, he's still holding his Bitcoin, not yet on sale.
holding and selling it a very different word meaning, and more precisely in it just securing the asset. if only it was Bitcoin on sale would probably wobble the current Bitcoin market and become red again like his red apple.
Topic: Chinese investor loses $400,000,000 in Bitcoin - page 3. (Read 828 times)
Price fluctuation is a common nature of this market. Bitcoin also face this problem. When price fall that time they need to hold the coin. But I think they can’t do this they sell their coin when price fall down. That’s why they face this loss.
Chinese investors really has the most money in this world. I don't think he consider it as his losses because bitcoin is still here. He could still get the money 3x than he invested in just a span of two years. I just feel that this guy's money came from an illegal business so maybe he does not really care at all.
Did he sell them at a bargain price? I don't really believe that, to be honest. He is clearly a great banker and understood when to sell better. Most likely, the numbers you have named are the sum of his fortune in bitcoins at the moment, not the amount he lost on sale.
We can definitlly say lose when there is no hope of a bitcoin appreciating in value or price,but it not all lose if the price will bonces back.All we need is patient it will definitely come up again.
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
This is relavent only at todays prices, if he takes the HODL strategy to his heart so much then he should continue the same way.
Offourse there is a risk that BTC could head even lower but this is the risk we take.
If he wasnt aware of the risk he should not have went so deep in btc at first place.
The title is deceiving, this Chinese investor has lost absolutely nothing, it is likely someone with immense quanity of money and he is investing in BTC long term.
When the demand is greater than the offer, Bitcoin will look close to recovering then the "mystery" will sell his Bitcoin slowly and when the demand has been met the red will come back. And so on. It will be repeated over and over again. This will actually keep this market alive. There is nothing to worry about. Especially if only as a small fish. Relax. Follow market trends.
The market is quite unstable and unpredictable. What may come off as a safe bet may look like the complete opposite. This loss in investment indicates that if we do not play our cards right and do not have a good strategy, we may end up losing a hefty amount on money.
I think this is madness, invest all money (a lot of ) in one place is a bad idea.
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.
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 ~$2k if I remember correctly.
This is pretty much the nice reply I have seen. I mean I can relate this to one fact that the investor might not have lost anything at all. What if he bought all those bitcoin at the rate of 500 bucks or may be at the rate of couple dollars back in years? With that rate of investment he might not even loose anything unless and until he sells his coins below the rates at which he bought the bitcoins. Just look closer, he will never loose anything until that point and all he has got right now is booming profits, thats all.
Yes, but in the new crypto project as in Socratus you will not lose I guarantee you
he was not lost yet because if he still holding the bitcoin. but if he sell it it was a sure lost if he hold and get over 15000$ that was a huge profit for a long term of holdings, holding is worth it if you know the routine.
A person who has $1,000,000,000 for trading can afford to lose $400,000,000. As they say "Karma" or "as you shall sow so shall you reap"
Worldwide people do $3000/month to $8,000/month jobs.
he was not lost yet because if he still holding the bitcoin. but if he sell it it was a sure lost if he hold and get over 15000$ that was a huge profit for a long term of holdings, holding is worth it if you know the routine.
youre right mate,maybe OP is just a newbie that has nothing to know about how market goes
Actually I think that the OP loves to make posts in favor of how bad is to invest in Bitcoin, and about an alleged Bitcoin's doomsday.
The key is when will the bitcoin come back? Is that feasible? Or is it never happening? HOLD is not a strange term, but for that big money, it's dying.
This is a very good question. We don't know when Bitcoin will recover. We don't know if Bitcoin will recover (but common sense and math tells it really should).
For that big amounts of money they should keep their eyes open and at the point Bitcoin fell under a certain level they could have sold. Since they didn't, maybe they expected too much or maybe they expect (more than OP) that Bitcoin will indeed recover to the levels they bought in rather short time (one year or less).
I don't think I have lose anything yet in as much as he have not sold a he's BTC yet. The only option here is to keep holding!
how can he loose that amount if the bitcoin is still in his wallet.its not lost until he has sold it.
The crypto market is really variable based on this market its like share market when or how the price will vary we don’t know based on this we need to gain knowledge about this problem also its really sorry to know this that it happen so we should always careful before investing money.
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
Waw. This must be quite devastating giving that he has lost a little below half of his investment but I am positive things will spice up. If I were him, I would exercise patience. 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 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 key is when will the bitcoin come back? Is that feasible? Or is it never happening? HOLD is not a strange term, but for that big money, it's dying.
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