Bitcoin Worth Rp 6.3 Trillion Brought Mysterious Figure

in #bitcoin6 years ago

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Jakarta - An anonymous or anonymous bought thousands of Bitcoin in just two transactions, worth up to USD 467.4 million.

Users in a cryptocurrency exchange platform that has purchased no less than 41,000 pieces of Bitcoin, making its assets in the digital currency increased from 55,000 coins to 96,000 coins.

Interestingly, he did the act of chartering in just two transactions, and in close proximity, ie 9 and 12 February. Estimated, he bought Bitcoin approximately 32,000 pieces on February 9 and the rest was completed the next day.

With the value of Bitcoin currently around USD 11,400 (USD 15,4 million), based on data from Coindesk, it is estimated that the total cryptocurrency bought is already worth USD 467.4 million (Rp 6.3 trillion).

Based on the data, this mysterious figure managed to reap a profit of about USD 108.9 million, with total purchases based on the highest value in each day on February 9 and 12 reached USD 358.5 million.

As for the total value of assets held at cryptocurrency is currently in the range of USD 1.09 billion (Rp 14.8 trillion), as quoted from Fortune, Tuesday (20/2/2018).

The amount of his wealth can even make it poke into the top ten list of people owner of the world's largest cryptocurrency assets of Forbes, beating names like Matthew Mellon, Brian Armstrong, and Matthew Roszak sequentially in positions 5, 6, and 7.

The total value of his assets was only slightly adrift with the twin duo Winklevoss, which is estimated to have a wealth in cryptocurrency up to USD 1.1 billion.

Interestingly, this is not his first chartering act. Accounts owned by this mysterious figure had swelled in just one day.

On December 12, 2016, he had only 0.246 coins, but the following morning his Bitcoin account contained 48,627 coins.

At that time, the value of Bitcoin was in the range of USD 17,000, which means he has invested USD 826.6 million in a single day.

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It is always hard to calculate the real market value. Because the market or particular company's value is determined "on the last price, which was paid for the asset".
For example if Company A, has 1 mln coins, released in ICO and the price for a coin was 2 usd, so the market value of Company A, is 2 mln USD.
Meanwhile company B, has 1 mln coins, but 80% of the coins are locked, and held by the management team, so only 200k coins are in the markets, and open for purchases. Then on some exchange coins are being sold for 10 USD per coin, of Company B. That gives 10 x 1 mln = 10 mln market valuation for that Company B. Even if the max coins to purchase is only 200k, which would cost total 2 mln usd, but the market VALUE IS 10 mln USD.

You must be getting me by now :)

nice feedback, ok thanks I'll try

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