A Bitcoin whale, who accumulated 9,000 BTC in late 2018, has sold after 22 months and two capitulation phases.
A Bitcoin (BTC) whale an individual investor who holds a large amount of BTC took profit after two years. Data from Whalemap suggests the whale purchased nearly 9,000 BTC in the third quarter of 2018.
The whale held on to the BTC for nearly 22 months, through two major capitulation phases. Bitcoin dropped to sub-$4,000 level twice, first in January 2019 and second in March 2020. The investor waited through both periods, ultimately selling at around $12,000.
https://cointelegraph.com/news/this-bitcoin-whale-sold-at-12-000-btc-price-after-hodling-for-2-years
Who said that bitcoin is no longer profitable?
Thats a huge profit mate and i really admire people with this Guts and risk to invest large amount and can keep it for 2 years.A Bitcoin (BTC) whale an individual investor who holds a large amount of BTC took profit after two years. Data from Whalemap suggests the whale purchased nearly 9,000 BTC in the third quarter of 2018.
The whale held on to the BTC for nearly 22 months, through two major capitulation phases. Bitcoin dropped to sub-$4,000 level twice, first in January 2019 and second in March 2020. The investor waited through both periods, ultimately selling at around $12,000.
https://cointelegraph.com/news/this-bitcoin-whale-sold-at-12-000-btc-price-after-hodling-for-2-years
Who said that bitcoin is no longer profitable?
Imagine how much the price of Bitcoin in the 3rd quarter of 2018 and how much when he sell recently?
The Price ranging from 6-7$k and now making it double after 2 years?
no banks or even other investment company can offer you such profit ,and now for sure this whale is waiting for the correction or another Dump to buy back again.
Is this the reason why suddenly the price of Bitcoin falls down again ?