Topic: Chinese investor loses $400,000,000 in Bitcoin - page 4. (Read 828 times)
He's by no means a loser. Many well known investors and holders like Tim Draper or Richard Branson held coins at the time of the correction and nobody called them losers. They also held coins when they were reaching new highs. Does that make them winners? I sure think it does.
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 wonder where he took so much, that would have to buy a billion dollars to enter the cryptocurrency.
Although I doubt that it was bought for cash currency, there are transfers to the tranformation of 0.000006 BTC, who probably collects for a very long time
I think he will be more damaged if it sells at this time.
holding assets is something to do in investing. maybe at this time the price is falling but the end of the year could be the price will reach $ 15k and it could happen
holding assets is something to do in investing. maybe at this time the price is falling but the end of the year could be the price will reach $ 15k and it could happen
Thank you for the article. I will tell that he didn’t lose that much because he just sold 8000 BTC and other are remaining. He will not do lose if he hold the coins instead of sell them in this time. Because I believe that the market will recover within the end of this year and if he sell them at them time he will be profitable.
And I am pleased to see that there are large investors who invest in bitcoin. It does not matter when, today or in March 2018 or December 2017. It is important that investors understand the importance of bitcoin in the future. and what he brought out, says nothing. Maybe he bought coffee in Starbucks and paid with bitcoin.))))
That's an interesting post. Well, maybe he did not buy all the coins at a time worth 100K. You can never deny the fluctuations of crypto market.
I wiped out my initial capital investment in 2017, with a 800% profit. 
and the Chinese investor who is down with $400,000,000 in 6 months. What about that ??
It is a loss of money too large, he will not be compensated, he will not get a loss on his own money. Anyway he can not sell his btc and it is only invested in altcoins
Maybe he sold some because he found a better investment or with a small profit, even a 1% profit is a huge amount when we see the number of sold Bitcoins. I think he is not too stupid to sell now and he is planning to hold until the right moment. A person investing such huge amount of money can't be that stupid.
Yes, 5% bank interest for $5,000,000 = $250,000/year (100% safe and insured). Gold and Silver give average profit of 8% to 20% per year and it is safest investment for next 100 years.
There is $10 to $100 worth of Gold in each Computer processor (Intel, qualcomm, celron etc..)
There is 20 grams Silver is in an average sized solar panel. That runs world economy, business and trade.
Guys, you have to remember that this user is a shill for Gold and Silver industry.
I wiped out my initial capital investment in 2017, with a 800% profit.
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
Nothing to lose if these people just hold their assets in bitcoin, but the big mistake here that chinese investors didn't wait for the bull run to happen. Right now were at the midst of uncertainty, and yet the huge fall was part of the best bitcoin price gaining process. So the point here of being very excited, then it's a good vibes over future price increase and that will be much exciting for everybody who patiently hold their bitcoins. If those investors from china could feature out the reality of bitcoin, well its beyond limits and couldn't be predicted in accurate thoughts.
I am not actually sure how correct this information is but as far I know these kind of incident Didn't happen cause it's quite impossible to loss this much amount , this only happen if the holder try to sell it when the market price is down , the seller must understand the market situation before doing any selling or buying.
the investor hasn't lose anything except the for the amount that he sold ,
The investor would only lose his/her investment if he/she sell all of his/her investment .
Who knows maybe someday Bitcoin would go high again then for sure the investor would get a huge profit from the risk that he/she take.
The investor would only lose his/her investment if he/she sell all of his/her investment .
Who knows maybe someday Bitcoin would go high again then for sure the investor would get a huge profit from the risk that he/she take.
The current bitcoin price is very falling, and we should either hold our bitcoins or we buy them again, and I think to be patient for investors.
very sad, his prediction is wrong, I think he should be patient and become a holder for a long time, selling today will only make him suffer huge losses, he will lose half of his investment.
certainly, more sellers make bitcoin prices and market prices down more drastically.
certainly, more sellers make bitcoin prices and market prices down more drastically.
Every game loses and wins, if they sell their assets at the current price it will definitely hurt their assets, because they can not wait for HODL, I guess if they wait patiently, it certainly will not lose that much.
This person may hold BTC for a long time? The price of BTC cannot be seen from a short-term perspective. Now it looks like a loss of 400 million dollars, but if the price of BTC reaches tens of thousands of dollars in the future, it will certainly earn a lot of money.
i lost too , but we dont play on the same galaxy as this whale 
Maybe he transfered his bitcoins to his other account ? It could be happened because we don't know whose address is that, and also we can't track em
Now bitcoin starts falling from $6,200. Past one month Bitcoin is between $5800 to $6200
Well, he has less Bitcoins, it doesn't mean that he has less money.
Anyway, if he believes in bitcoin, he will hold and wait until ATH. If he giveup now and sell all bitcoins, he still multi millionaire.
Anyway, if he believes in bitcoin, he will hold and wait until ATH. If he giveup now and sell all bitcoins, he still multi millionaire.
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
Maybe he transfered his bitcoins to his other account ?
It could be happened because we don't know whose address is that, and also we can't track em
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