How to Become a Whale
2 min read
Sorry for the semi-clickbait, as becoming a whale is not really an option for everyone, but I do believe it was an option for many.
Part 1
I tracked this whale historically back to the beginning starting 2012 with a named bitcoin wallet
https://bitinfocharts.com/bitcoin/wallet/1099663
As you can see, he started accumulating bitcoin on 06.05.2012 for a whopping $5.06 each.
I think that was a really bald move, as it was already up 5500% compared to 2010 and it was also down more than 80% compared to the Peak of 2011 which was 29$. Anyway, our whale decided to go full ape in and invested not less than $350.000 in. It is a lot of money for sure, but not like a “retire with a Lambo” much money. In 2012 having $350.000 savings put you somewhere between the top 10% and top 5% depending on your income.
After the initial investment our hero had to buy some pizza or pay some amazon delivery so sold some of his investment just to get it closer to the legendary $69.420 and I think he was on the way, but then he realised BTC is here to stay and stopped selling his precious digital gold.
Part 2
On 09.04.2013 he decided to move his funds to another wallet.
https://bitinfocharts.com/bitcoin/address/1HQ3Go3ggs8pFnXuHVHRytPCq5fGG8Hbhx
By 2013 his investment was up to 3500% which is not bad in a year I guess!
But our hero is not a spending type of whale so he just went into full HODL.
Between 2012 June and Today(14.12.2021) Which is a whopping 9+ years he only sold twice. Probably to cover some expenses, but really nothing fancy, considering the amount of money he has.
Sold 1:
Sold 2:
I can’t copy his full history for that period as it is a very long time, while he was doing nothing just sitting on his thousands then millions then multi-millions.
Part 3
In 2020 our Whale moved his asset to a new wallet again and continued his sacred crusade to not spend any bitcoin and HODL.
He messed up to have 69.420 BTC
On the day 05.11.2020, We arrived to a new Milestone as our Hero was celebrating his first Billion and joined the Top ~0.001 wealthiest people on Earth group.
Since that nothing really happened. He is still hodling and peaked at $4.5 Billion 08.11.2021
So just to put it in perspective and also TLDR.
Mr. Whale invested $350.000 in 2012 and in 9 years he accumulated 120.000% gain, without spending almost anything from his initial investment. Diamond hands and balls of Steel.
-Fortune Favors the Brave-
submitted by /u/Markmanus
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