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?
Great call, he might probably make more profit if he continue to hold but i think its already a great call for sure the profit is huge already and investing in bitcoin or cryptocurrency is always a big risk.
It might take a long time before it reach a higher amount or the market could always possibly dump as always so it is not worth it to wait everytime.