As we know that once Bitcoin goes up everything else goes up, once Bitcoin goes down everything else goes down.
Have you heard of an anonymous cryptocurrency trader who buys $400 Million in Bitcoin? A lot of people have been talking about it and I want to talk about it as well.
So there's an anonymous crypto trader and he ended up buying $400 million in Bitcoin.
You see when Bitcoin price comes down the smart people they buy it but the people that are not so smart when it comes to trading they sell once Bitcoin goes down because they think that Bitcoin is about to crash.
When it was December Bitcoin was up and all the other Altcoins were also up and then once new year hit, everything started going down, but we're seeing a gradual increase in prices.
Bitcoin Price Graph From 2018-01-22 To 2018-02-22 Coinmarketcap.com
So we don't know who it is, many others are also trying to discover who it is that bought this huge amount of Bitcoin. But yeah pretty much when a Whale comes and dumps like $400 million, automatically the price of Bitcoin goes up and if a Whale who has that amount to dump, we can assume that this Whale is an intelligent person, he understands that market. If he knows how to make money and if he knows where to spend his money and spent his money on Bitcoin, he knows what he is doing.
So always try to emulate the smart people what they're doing because if you want to be successful, you have to emulate the successful. And this guy he's purchasing $400 Million and that is kind of amazing to be honest. So if the prices go up which is pretty much considered to be going up in the coming future, he could be a billionaire big time.
Why I wanted to share something today about this Whale who bought this $400 Million Bitcoin and what he did, we can learn from the intelligence of people like the Whale that we should always buy low and sell high and that we should never ever let fear dictate our actions because that's pretty much what news always try to do. They try to install fear so that it can dictate your actions.
Note:
I am not a financial advisor, take risks on your own. These articles are just for the purpose of information.
Thanks
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That's a shit ton of money to spend on bitcoin
Would be nice to be the person to do bidding on such a purchace