you will have more luck guessing what weather will be 14 October 2078 than what was the reason behind the move
and seriously, is it news worthy at all? 114.000 bitcoins moved! yay! what now?
if there was some evidence the coins were sold and it caused some price drop/rise , maybe then
Topic: [2018-09-04] 111,000 Bitcoin Wallet Becomes Active After 4 Years of Dormancy (Read 269 times)
September 08, 2018, 06:23:27 AM
September 08, 2018, 05:04:23 AM
Or maybe he cashed it out to enjoy his vacation because he ran out of money. I think that was a big whale because not only big investors invest in bitcoin, but also small ones. To say the least, that amount of money is big to be honest. And by the way, they should not point this out. Leave the man do whatever he wants. It is not that he stole something. Although he still is anonymous, pointing that out will perhaps result in getting his wallet hacked.
September 06, 2018, 03:56:15 AM
This news is meaningless as it is difficult to exchange all those bitcoin to any other currency without a note.
What prompted me to reply here is to respond to some analyzes that talk about "The Lost Coins and Its Contribution" and affect the amount offered in the future.
What prompted me to reply here is to respond to some analyzes that talk about "The Lost Coins and Its Contribution" and affect the amount offered in the future.
According to estimates by Forbes, lost bitcoins are roughly 2.7 million to nearly 4 million. That's roughly 17% to 23% of the total 21 million unearthed bitcoins by the year 2040. And many of these bitcoins were lost in the early stages of our most favored cryptocurrency.
September 06, 2018, 03:11:33 AM
Question? If he/she was selling off there coins and not investing them in something else wouldn't they put it on an exchange like Coinbase where they can cash out instead of a exchange that doesn't offer withdrawals to the bank? I'm still learning and this might be a stupid question but I have not noticed anyone asking it so thought I would.
If someone is indeed interested in a big cashout without leaving a lot of traces, they would not cash out to a bank directly. Instead trade it in small batches for Monero or some other privacy coin. They would then move those coins around a bit and finally deposit to another exchange (or multiple exchanges) for encashing in batches of fiat. And if that guy is money laundering at all, it would also mean that he will lose about 30-40% of his wealth while doing all of this since he would need multiple parties to be intermediaries in this entire operation to hide his trail. Let's see what happens. Probably movement in prices of privacy coins will give an indication in the coming days. September 04, 2018, 09:05:25 PM
I bet people will start thinking that the guy is going to cash out all his bitcoin but I think not. My guess he's now trying to accumulate dirt cheap altcoin in exchanges and making smart moves which is buying when there is so much blood in the streets. A wealthy investors wouldn't wait this long just to sell all of it when he can do it in the previous months.
September 04, 2018, 05:47:38 PM
Bitcoin is meant to not disclose owner identity of transactions when moving value. The fact that people are heavily speculating about who or what these funds belong to, perfectly points out that Bitcoin is working as it should. It's none of anyone's business to know who's behind what transaction.
big amount.Its really none of our business on what are the things he would do since its his bitcoin by the way. We can speculate as many as we can but we wont really know the truth behind it.Just be amazed on how that certain person accumulate that much which will somehow interest me.
September 04, 2018, 05:35:06 PM
Maybe Goldman Sachs? We awaited for institutional investors, and so they come....
Institutions aren't going to expose themselves that easily, especially with how they don't want to make it seem like there is any form of actual demand coming from them with how that could trigger the market to go nuts.Institutions have a major gap to overcome in terms of adoption, because for once it was the average person who got in early, and not some corrupt institutions. The last thing they want is to have the market go up again.
Bitcoin is meant to not disclose owner identity of transactions when moving value. The fact that people are heavily speculating about who or what these funds belong to, perfectly points out that Bitcoin is working as it should. It's none of anyone's business to know who's behind what transaction.
That. Not sure why people keep wasting time attempting to trace each and every high value transaction. Ok, you find out that it went to whatever exchange, and then what?
If the price of any coin that's listed on that exchange doesn't increase or decrease shortly after, there is nothing left to link that transaction to. That person could easily withraw these Bitcoins in smaller fractions without trading.
September 04, 2018, 03:38:31 PM
Question? If he/she was selling off there coins and not investing them in something else wouldn't they put it on an exchange like Coinbase where they can cash out instead of a exchange that doesn't offer withdrawals to the bank? I'm still learning and this might be a stupid question but I have not noticed anyone asking it so thought I would.
September 04, 2018, 03:05:12 PM
If these coins were really meant to be sold, they would have been sold during last year's peak already. Also, investors with sense won't send any of these amounts to an exchange as Bitfinex or Binance (both unregulated exchanges within a wide variety of jurisdictions). It's complete madness to even think so.
Bitcoin is meant to not disclose owner identity of transactions when moving value. The fact that people are heavily speculating about who or what these funds belong to, perfectly points out that Bitcoin is working as it should. It's none of anyone's business to know who's behind what transaction.
No amount of research will help you in this regard. All people can do is speculate.
Bitcoin is meant to not disclose owner identity of transactions when moving value. The fact that people are heavily speculating about who or what these funds belong to, perfectly points out that Bitcoin is working as it should. It's none of anyone's business to know who's behind what transaction.
It seems like the Reddit post has some validity to it, looks like it's been thoroughly researched.
Do you just assume so because that post looks like it contains a lot of researched information, or have you done research yourself to see if there is some degree of truth to it? No amount of research will help you in this regard. All people can do is speculate.
September 04, 2018, 02:44:14 PM
Nothing special has happened yet, but the threat that the $ 115 million transferred from the purse lot of bitcoins can very much lower the rate of bitcoin if they are put up for sale. If Mt. Gox from Tokyo was able to drop the bitcoin rate in December-Janaar, selling about 21,000 bitcoins in three batches. However, this is only an assumption.
September 04, 2018, 11:50:30 AM
Another stupid article written by a stupid journalist about a stupid reddit post.
It seems like the Reddit post has some validity to it, looks like it's been thoroughly researched.
September 04, 2018, 11:06:49 AM
Very interesting indeed. Another fake news or some sort of FUD? If the news is legit, I'm positive the owner could be a rich Bitcoin whale investor and not Satoshi. Whoever this guy, he intentionally didn't withdraw it last 17 December 2017 as it would create a disastrous impact on the market since its price then would be around $2,220,000,000 billion. It's toooooooo big, really.
September 04, 2018, 11:00:21 AM
Nothing special about that wallet though, its just all speculations and we all know that bitcoin address doesn't have any address attached to it so why bother? I guess media just want to fuel some FUD around or something. Actually if you have the time then you can follow a lot of addresses which move a lot of bitcoin in the ecosystem, but then again at the end of the day, you can just speculate.
September 04, 2018, 10:39:28 AM
We can create a lot of theories on where it is connected from but one thing is for sure that this 800 million dollar worth of BTC lying around since 2014 became active and available right now to be traded in the market, we can see a lot of volatility when this happen and the bad thing is we might see a massive liquidation, and who knows this might even be the reason why the market had triggered the Bear market which started in the first month of 2018, we can expect the market to be more active in the upcoming months when the investors starts buying back shares.
buying back shares? Shares?
September 04, 2018, 10:38:13 AM
Maybe Goldman Sachs? We awaited for institutional investors, and so they come....
September 04, 2018, 09:45:56 AM
Another stupid article written by a stupid journalist about a stupid reddit post.
September 04, 2018, 08:56:53 AM
We can create a lot of theories on where it is connected from but one thing is for sure that this 800 million dollar worth of BTC lying around since 2014 became active and available right now to be traded in the market, we can see a lot of volatility when this happen and the bad thing is we might see a massive liquidation, and who knows this might even be the reason why the market had triggered the Bear market which started in the first month of 2018, we can expect the market to be more active in the upcoming months when the investors starts buying back shares.
September 04, 2018, 07:18:36 AM
A Bitcoin wallet with BTC 111,114, worth around USD 800 million at current exchange rates, had been lying dormant since 2014 but recently became active according to an analysis from a Reddit user. A whole range of theories as to who is behind this wallet is cropping up. Some people think it’s Satoshi, others say it’s a wallet connected to the Silk Road. It’s possible this wallet is connected to Mt Gox or perhaps it’s just an anonymous whale investor.
From this old mega wallet, a total of USD 115 million was sent to crypto exchanges. Clearly, whoever owns this wallet has decided to cash out some of these Bitcoins or might be starting to actively trade. At the time the wallet was created four years ago, the Bitcoins were worth USD 71.5 million.
See more - https://bitcoinnews.com/111000-bitcoin-wallet-becomes-active-after-4-years-of-dormancy/
From this old mega wallet, a total of USD 115 million was sent to crypto exchanges. Clearly, whoever owns this wallet has decided to cash out some of these Bitcoins or might be starting to actively trade. At the time the wallet was created four years ago, the Bitcoins were worth USD 71.5 million.
See more - https://bitcoinnews.com/111000-bitcoin-wallet-becomes-active-after-4-years-of-dormancy/
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