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?
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?
I guess he must have bought that Bitcoin at the time when bitcoin was booming owing to its new awareness and without limitations in different nations and then came the plunge in 2018 when things went bearish and has not been on the All Time High levels. He must have bought somewhere around the price he sold it. The investment in bitcoin needs patience.