Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

This man here bought 18,600 BTCs at $63k.
Current Loss: -404,775,658.1 USD

https://bitinfocharts.com/bitcoin/address/3K5dmrkBMS8ZVgERMLwiw7PJuG8GWTbo8e

What you posted is a lie.

Quote from: philipma1957 on April 19, 2022, 06:10:41 PM

Quote from: AlcoHoDL on April 19, 2022, 06:03:42 PM

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.

Thanks for your feedback, I meant to say unrealized loss.
I have edited the post with the correct word usage.
I know he's going to HODL it and I mean he should.

Thank you