In 2011 a group of investors bought 80,000 bitcoins. They have been sold by 17,000,000% more expensive

“Hodl“It is the preferred word of cryptocyerents. It is not an acronym, but a kind of meme or internal joke that is simply a variation of the English verb” hold “(maintain, endure). That term contains a good part of the philosophy of these users, which believe that cryptocurrencies They are a long -term bet that it is necessary to maintain for years to obtain the maximum benefit. There are people who are demonstrating that the thing works.

17,000,000% benefit. Last week, A “whale” (Whatle) Bitcoin sold 80,000 bitcoin for 9,500 million dollars. A user in X (formerly Twitter) detected that mass transaction and the Implicit traceability of the block chain De Bitcoin allowed to know that these bitcoins were acquired (or probably undermined) in 2011 and at that time they had a value of $ 54,000. That means that in these 14 years the benefit of those who sold them has been simply amazing: 17,000,000%.

But it is not the only one. Another early cryptocrevent Roger see– It also recently sold another 80,000 BTC. Acquired them in 2014 for $ 210,000, and at the beginning of the month the transaction was detected according to which he had sold them for 8,600 million dollars. Your benefit: 4,000,000%.

Multimillionaire whales. There have been additional movements that are also very striking although comparatively are in the shadow of the previous two. At the beginning of July two bitcoin portfolios that had been inactive for 14 years transferred 10,000 BTC each to other different wallets. In 2011, those 10,000 BT had cost $ 16,000, and now their joint value would be around 1,000 million dollars.

Bitcoin at maximum. These transactions have occurred Just with Bitcoin achieving historical values. On July 14 the cryptocurrency reached $ 123,000, although since then there has been a small correction and the current value is around $ 118,000.

Hodl and strong will. Some users joked by saying that this seller will end up regretting when (or rather “yes”) Bitcoin reaches a value of one million dollars, but the truth is that those who have sold are a spectacular example of that Hodl philosophy. Keep your bitcoins all these years has had to be an exercise of extraordinary patience, especially when at this time There have been numerous increases (and descents) important that surely caused great temptations to sell then. They resisted, and now they have seen the reward.

Exceptional demand. As they point out In CointegraphBitcoin’s demand is so spectacular that for example the sale of the 80,000 BTC (0.4% of the amount current today) was “completely absorbed by the market” almost immediately. Movements of this magnitude were supposed to affect the price of Bitcoin, but they did not barely. The immediately posterior impact was sensitive (3.5% value drop) but then the side effects of that sale They have been apparently nil. There are analysts who They point that what has happened suggests that BTC will continue to rise soon.

Image | KANCHANARA | Erling Løken Andersen

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