If you look at Bitcoin and other crypto coins these days, you'll see a lot of red courses. Many of those who trade these days therefore have difficulty achieving good results. Still, there is one (group of) investor(s) who scored a return to dream of today. Still, this dream return can be a nightmare for other investors. let's explain it to you.
Who scored 8.8 million % return on Bitcoin today?
As so often, the names and back numbers are missing, but the evidence is there. Blockchain watchers saw this morning how a Bitcoin whale from 16 addresses moved a total of 800 Bitcoin (BTC). Now it's certainly not a small transaction, but neither is it directly where the cryptopers stop the presses. Still, there is one unique feature that makes this transaction different.
These 16 addresses were all created between August and October 2010. Indeed, prehistory for Bitcoin history. By the way, at that time, it made a legendary leap towards recognition. In these three months, the price shot up from $0.0008 to $0.08. Today's investor made an incredible hit when we look at the situation on the cryptomarkets.
The situation on the crypto exchange remains tense after a recent 40% drop.
When we consider the prices at which these 800 Bitcoin were purchased, despite the red price wave, we arrive at an astronomical return of no less than 8.8 million %. I think that's the highest return ever on a legal investment.
Are these Satoshi Nakamoto's crypto coins?
The wallets have remained active after analysis and there is no signal that the private key has been lost. We can therefore rule out the possibility that the wallets from which these coins come belong or have belonged to Satoshi Nakamoto. What is certain is that this is an 'early adopter' or at least one of the first crypto enthusiasts.
Bitcoin elderly transactions negative for the market
However, this transaction, which brings Bitcoin to the market for sale, is causing turmoil among investors. This is mainly due to the timing. Of course, there are hundreds of reasons why someone sells their Bitcoin. What is striking, however, is that the owner of these coins experienced both lows and the highest price of all time and still saw enough opportunities for further returns. Also, new price falls (such as in 2018 and part of 2019) didn't seem to frighten him either.
With a financial motive (read more accounts than pennies) there is of course no connection. However, there is only one chance that this investor, who apparently has been around for almost 10 years, knows something that has dented his confidence. Therefore, the dream return of this trader(s) could just become the nightmare for other investors. We are convinced that future prices and expectations will, as always, provide the answer to this assumption.
The question is, of course, how the market reacts in this difficult market. The impact of the Coronavirus on Bitcoin trading leads to unexpected additional panic attacks due to an effect that is often underestimated.
