Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
philipma1957
on 19/04/2022, 18:10:41 UTC
This man here bought 18,600 BTCs at $63k.
Current Loss: -404,775,658.1 USD

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As others have already pointed out, "current loss" is irrelevant. Like OutOfMemory, a friend of mine bought at the very top of 2017 (at just under $20k). He was "currently losing" for the entire 3 years that followed. But he was smart and did not sell. Since December 2020 he is in "current gain" mode... In fact, there is no real gain or loss, since he has never sold a single sat.

Whoever bought the above 18,600 BTC is smart AF.

Yep and ImThour's statement is 100% incorrect at this moment in time. Since he said currently losing and he is not currently losing a dime.