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?
If that amount is in my wallet?i will do the same ting mate because that is a 100% profit from what i see when the time of purchase.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?
But i have different view since i only hold small amount of Bitcoin though i am holding almost same time with this whales.
That's why I often say that bitcoin is not suitable for short term investment, until now I still keep my bitcoins even longer than this person, I believe bitcoin will touch over $ 100k in the next year, but I will see if in the end this year the price touched $ 20k, if it works, chances are we will take a new ATH next year, my message is also to investors who buy bitcoin don't need to panic when bitcoin prices drop, just take that opportunity and hold on to your 1 or 2 years will benefit, lol
Short term or long term the thing is Bitcoin can grow again after losing the value no matter what happen so lets see the next pump sooner.