Chinese investor loses $400,000,000 in Bitcoin - page 5.

Johnzky

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Quote from: NeuroticFish on June 28, 2018, 01:01:02 AM

Quote from: First77 on June 28, 2018, 12:12:47 AM

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 ~~100 000~~ 93947BTC. If Bitcoin falls more and he sells, he'll lose more, if Bitcoin recovers before he sells, he will not lose anything.

youre right mate,maybe OP is just a newbie that has nothing to know about how market goes

We are not losing any single cents until we sell our bitcoins because only the value has decreasing in downtrent but not volume,so as long as we are having the coins we are not losing anything at all

abojamal

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Big loss already but ..!
The loss is not actually incurred unless the sale is made
And I think this man will sacrifice more time
Rather than sacrificing more dollars
Because it does not guarantee where the market is heading

batang_bitcoin

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Quote from: elwiswoodie on June 29, 2018, 07:30:59 PM

100k BTC is more than enough to make life happy

It is more than enough to live your life completely.

This holder sold some but still he is holding more of it and I guess he has to cash out due to some circumstances but whoever is this Chinese investor, he's really a bitcoin believer.

He is not yet selling all of it so he didn't lost $400M on an instant.

If this guy starts selling on $11,000 there will be another hardship of breaking through another level.

jademacoy

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Well the owner seens to be that rich so he would not mine getting a loss on some of his money. Anyway maybe he did not sell his btc and it was just being invested to altcoins as we all know that btc could be used as a paymeny for investing an ico projects.

elwiswoodie

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Quote from: First77 on June 28, 2018, 12:12:47 AM

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

very horrible
imagine how many houses and cars I can buy with the money
a very fantastic amount, even I was very dreaming to get that big money

100k BTC is more than enough to make life happy

Chachacoin17

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Quote from: aryaadikariyansyahsuwarto on June 29, 2018, 07:08:00 PM

Quote from: NeuroticFish on June 28, 2018, 01:01:02 AM

Quote from: First77 on June 28, 2018, 12:12:47 AM

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 ~~100 000~~ 93947BTC. If Bitcoin falls more and he sells, he'll lose more, if Bitcoin recovers before he sells, he will not lose anything.

that's it if i have it i will be happy .. it is a very exciting amount .. !!

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.

CHENIEN

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Decentralized Ascending Auctions on Blockchain

Cryptocurrency is actually a business, so we don't expect too much that all people here who joins are much on gaining, we consider the fact that sometimes there are also situtions that happens into several forms of capital losses. This business is actually a very lucky and giving more opportunity and chances to the people but it needs also more time and efforts with good strategy and timing in order to avoid any risky things to happens.

aryaadikariyansyahsuwarto

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Quote from: NeuroticFish on June 28, 2018, 01:01:02 AM

Quote from: First77 on June 28, 2018, 12:12:47 AM

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 ~~100 000~~ 93947BTC. If Bitcoin falls more and he sells, he'll lose more, if Bitcoin recovers before he sells, he will not lose anything.

that's it if i have it i will be happy .. it is a very exciting amount .. !!

First77

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Quote from: khaled0111 on June 29, 2018, 06:52:10 PM

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.

khaled0111

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Top Crypto Casino

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.

posi

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The investor in subject didn't loose much if you ask me cause I checked wallet transaction information the investor still buy some bitcoin after the all time high price I mean he/she still invest last month and this month either. So, I won't say he/she loose any investment yet if wise enough.

cyruh203

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investing iin bitcoin is also part of thier business. chinese is very meticulous when it comes in business. so if they have that huge amount aof bitcoin. i think they sell some but not all, chinese has good strategic when it come to business so when the price is slowly down they sell some and dodl the rest.

darkangel11

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

That's a stupid assumption OP. The fact that he transferred that amount to the given address doesn't mean that he had bought the coins right at that moment. What if he bought his coins in November 2017, held on an exchange until the value was right, sold at 20k, withdrew fiat profit and bought more cois again? He may be sipping drinks on his yacht knowing that he still has valuable coins and his fiat is back in the bank.
What's the point of this story? Are you trying to scare holders?

Reatim

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Eloncoin.org - Mars, here we come!

What if he got that bitcoin when it was below 4 digits? So its not a lost on his/her end. I'm sure that that person is a good investor and maybe offloading is a good thing for and that person still profits a lot even though he sold when bitcoin's price is $8K. And he has still a bag full of it, and so I don't think that he will sold again at this price. So there's nothing wrong in holding it out and when bitcoin make another bull run and even touches 5 digit again, that person will make a huge profit again and as if nothing ever happens.

JustinBrenda

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He didn't lose the money yet. I hope he sell it when the price rises high

currencydesigner123

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The crypto currency market can turn out quite profitable for investors, but then potential risk of losing invested money exists. If the investor does not have good strategy and beforehand planning with good market knowledge, the investor will face a loss. The same has probably happened to this investor, but this doesn’t mean this market is a complete loss, a good strategy and timing can bring large profit.

voltagecrypto

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So you think the he lost the amount just for the huge drop. Well, I think if the amount of bitcoin is still with him, he still has the chance to will more than he is thinking lost.

kayakcrypto

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A news is being heard that a Chinese investor has already lost approximately 100000 bitcoins i.e. about 400 million USD worth of botcoins. Not a good news to hear actually.

lissandra3612

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It's hard to know where to go on the organizers. Only fear everything is game shark to lead us to the instance.

spiker777

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I remember there being news about this, people noticing that somebody had purchased 100,000 bitcoins during the dip, not sure how they worked out it was a Chinese investor though, unless somebody previously claimed ownership over the account and then proved it. I guess we're lucky he's not selling out, because that amount of coin could just crash the market on its own.

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