03-01-2022, 05:08 AM
39th largest BTC wallet sold everything at the bottom and DCA'd back in to $718m pro
<!-- SC_OFF --><div class="md"><p>I was looking into the largest BTC addresses to see what the long-term strategies of different whales might be navigating these different market cycles. </p> <p>As a result I stumbled upon the <a href="https://bitinfocharts.com/bitcoin/address/1MDq7zyLw6oKichbFiDDZ3aaK59byc6CT8">39th largest BTC wallet</a> who sold all their 32.9k BTC on 3/17/20 @$5,180.57 for a loss of $87k. </p> <p>They've since DCA'd back into the market (with $533m) and are now $718m in profit ($1.2b total). It helps that they have half a billion in scratch to throw around, but they still have the huevos to take the L and come back in. I expect they're going to be a HODLer going forward as they haven't sold into the recent pullback on price. </p> <p>No time like the present to set up your DCAs.</p> <p>Benjamin Cowen has a <a href="https://youtu.be/YW_uIO1AZAk">recent video</a> on this topic as well. Yes, he is my muse. No, I will not apologize for my financial proclivities.</p> <p>Edit - fixed some pronouns</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/redbeardedone"> /u/redbeardedone </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/t3odij/39th_largest_btc_wallet_sold_everything_at_the/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/t3odij/39th_largest_btc_wallet_sold_everything_at_the/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>I was looking into the largest BTC addresses to see what the long-term strategies of different whales might be navigating these different market cycles. </p> <p>As a result I stumbled upon the <a href="https://bitinfocharts.com/bitcoin/address/1MDq7zyLw6oKichbFiDDZ3aaK59byc6CT8">39th largest BTC wallet</a> who sold all their 32.9k BTC on 3/17/20 @$5,180.57 for a loss of $87k. </p> <p>They've since DCA'd back into the market (with $533m) and are now $718m in profit ($1.2b total). It helps that they have half a billion in scratch to throw around, but they still have the huevos to take the L and come back in. I expect they're going to be a HODLer going forward as they haven't sold into the recent pullback on price. </p> <p>No time like the present to set up your DCAs.</p> <p>Benjamin Cowen has a <a href="https://youtu.be/YW_uIO1AZAk">recent video</a> on this topic as well. Yes, he is my muse. No, I will not apologize for my financial proclivities.</p> <p>Edit - fixed some pronouns</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/redbeardedone"> /u/redbeardedone </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/t3odij/39th_largest_btc_wallet_sold_everything_at_the/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/t3odij/39th_largest_btc_wallet_sold_everything_at_the/">[comments]</a></span>Kind Regards R