Topic: 21.08.2019 $ 250 billion transaction record BTC (Read 219 times)
It seems to me that cryptocurrency users have nothing to fear, if such volumes of Bitcoin belong to one person, he still will not be able to greatly affect the cryptocurrency market. In addition, the hype in the market with respect to Bitcoin will intensify soon, since the period is nearing when the real trading of Bitcoin futures in September will be legalized.
if one person owns this amount, he can bring down the entire cryptocurrency market or change everything, for example, exchanging this BTC for ETH, then the BTC will cost $ 200 and ETH $ 10,000. https://bitinfocharts.com/ru/comparison/sentinusd-btc.html#3m
https://radikalno.ru/full/2019/8/24/02bf6acf7c2210be891e9c0bb065ed77-full.jpg.html
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When one understands the uniqueness of these figures, you tend to appreciate the importance of decentralization and also why it's important that some wallet are kept locked until the market matures enough to certain level when the flooding of bitcoins into the market won't make any significant difference in the direction the market is heading.
As much as some would maintain that it would be difficult for someone to control the market, its still very much possible because what is needed is a push in a certain direction and every other market participants would fall into line.
If one person owns this kind of amount, what do you think that the person will still be doing in the crypto currency investment, the only thing he will just be making use of crypto for is either to pay for things or move some little amount of money through it but he can never ever put in such big amount of money when he knows the effect of what such huge amount of money will be.
We have so many people that has already placed order down at some certain amount, and the moment the money pushes the value of bitcoin to that, the trade will be executed making the price to drop even below the price such person bought and he will be the one losing, his $250 billion may later turn to $150 billion if he is not fast in moving it out immediately.
We have so many people that has already placed order down at some certain amount, and the moment the money pushes the value of bitcoin to that, the trade will be executed making the price to drop even below the price such person bought and he will be the one losing, his $250 billion may later turn to $150 billion if he is not fast in moving it out immediately.
With this money and no law intervention, I believe that person can manipulate any coin on coinmarketcap.
that person can turn shitcoin into Big coin, turn big businesses like Ethereum, NEO, Bitcoin Cash into businesses a few thousand dollars.
that person can turn shitcoin into Big coin, turn big businesses like Ethereum, NEO, Bitcoin Cash into businesses a few thousand dollars.
Someone will actually do this? And I don't believe even whales are not holding the cryptos worth of $250 billion!
The prices can be manipulated for sure but I believe manipulation won't stay for too longer so if someone losing their money to bring the prices down surely lot of small investors will buy them back and get more benefits from it.
The prices can be manipulated for sure but I believe manipulation won't stay for too longer so if someone losing their money to bring the prices down surely lot of small investors will buy them back and get more benefits from it.
I also don't believe that whales hold so much as some say. In general I think that whales are given bigger importance than they actually have.
Price could be manipulated but only in some smaller extend, not so relevant for the situation at the market in whole. Story about the manipulation of price is usualy just excuse for unsuccessful traders. Otherwise how could Bitcoin be decentralized and independent if the price is manipulated all the time?
This amount is really huge and can effect any cryptocurrency market, but at the same time it has it reverse effect which is the possibility of market manipulation due to the high capital injected into the market.
That's just one of the many possibilities when there's a surge in amount of bitcoins transacted. Others were saying those transactions came from exchanges. Let me explain it a lot easier, the price right now is 10085 last I checked, which means if you want to have 250 billion dollar worth of bitcoin you have to have around 24 million 789 thousand bitcoins, the total circulation has 17 million 895 thousand bitcoins and max will be 21 million.
So, in order to have 250 billion dollar bitcoin you have to have all bitcoins in existence, all the ones that will be ever mined and on top of that 3 more million bitcoins that can't ever be existing. Hence it is obviously a fake calculation and there is absolutely no one who can have that much money in bitcoin ever, maybe when bitcoin reaches to 1 million each we will see that kind of stuff but for now the max amount anyone has was 1 million bitcoins which was owned by satoshi himself.
It's just misleading because as what thirdspace mentioned there are other ways to count how many bitcoins were moved on each transaction. So, in order to have 250 billion dollar bitcoin you have to have all bitcoins in existence, all the ones that will be ever mined and on top of that 3 more million bitcoins that can't ever be existing. Hence it is obviously a fake calculation and there is absolutely no one who can have that much money in bitcoin ever, maybe when bitcoin reaches to 1 million each we will see that kind of stuff but for now the max amount anyone has was 1 million bitcoins which was owned by satoshi himself.
This amount is enormous and can affect any cryptocurrency market, but it has its reverse effect, which is the possibility of market manipulation because of the high capital injected into the market.
That is a lot of money but I think it will only work in the short term. because the crypto market has so many different manipulation organizations.
As you can see, whenever the market is volatile, there are many signal channels for bitcoin transactions on exchanges.
This shows that the playground is full of sharks and one person cannot change the market.
As you can see, whenever the market is volatile, there are many signal channels for bitcoin transactions on exchanges.
This shows that the playground is full of sharks and one person cannot change the market.
Let me explain it a lot easier, the price right now is 10085 last I checked, which means if you want to have 250 billion dollar worth of bitcoin you have to have around 24 million 789 thousand bitcoins, the total circulation has 17 million 895 thousand bitcoins and max will be 21 million.
So, in order to have 250 billion dollar bitcoin you have to have all bitcoins in existence, all the ones that will be ever mined and on top of that 3 more million bitcoins that can't ever be existing. Hence it is obviously a fake calculation and there is absolutely no one who can have that much money in bitcoin ever, maybe when bitcoin reaches to 1 million each we will see that kind of stuff but for now the max amount anyone has was 1 million bitcoins which was owned by satoshi himself.
So, in order to have 250 billion dollar bitcoin you have to have all bitcoins in existence, all the ones that will be ever mined and on top of that 3 more million bitcoins that can't ever be existing. Hence it is obviously a fake calculation and there is absolutely no one who can have that much money in bitcoin ever, maybe when bitcoin reaches to 1 million each we will see that kind of stuff but for now the max amount anyone has was 1 million bitcoins which was owned by satoshi himself.
From where did you got this $250 billion figure, when the actual figure was less than one-tenth of that amount?
he got it from bitinfocharts.com and the number is for total output volume in USD it means the change amount also included in it, while actual transacted amount was far less than that
blockchain.com has better presentation on the related data
here's what I posted in another thread,
Quote from: https://bitinfocharts.com/bitcoin/
Bitcoins sent last 24h 24,388,961 BTC ($245,164,591,279 USD) 136.33% market cap
Quote from: https://www.blockchain.com/en/stats
Total Output Volume (BTC) 24,390,648.85604316 BTC
Estimated Transaction Volume (BTC) 103,472.11855245 BTC
Estimated Transaction Volume (USD) $1,041,314,428.92
Estimated Transaction Volume (BTC) 103,472.11855245 BTC
Estimated Transaction Volume (USD) $1,041,314,428.92
but bitinfocharts.com was using output volume ~$245B as transaction volume
so it's a matter of perspective, if you have 1BTC and pay 0.2 BTC each in 5 transactions,
is this a total transaction of 3 BTC (1+0.8+0.6+0.4+0.2) or just 1 BTC (0.2*5) ?
Also the good news is for the first time in history bitcoins is actually reacting with the real world , you guys might have heard about the news already...it is going up and down according to the events happening around , generally it does affect but it doesn't account for a more elaborate system.
Therefore it is showing how it is integrating itself with the market and instead of being super volatile it is being slow and steady .
Therefore it is showing how it is integrating itself with the market and instead of being super volatile it is being slow and steady .
That amount is almost the entire cap of all.
$250B is too much to dump if he really had that amount he wouldn't want to destroy this market by dumping it all because there are just millions of people waiting for the price to go down that low. I bet the banks will buy them all which will make this market easier to manipulate for their gain. This will be the end of decentralization.
$250B is too much to dump if he really had that amount he wouldn't want to destroy this market by dumping it all because there are just millions of people waiting for the price to go down that low. I bet the banks will buy them all which will make this market easier to manipulate for their gain. This will be the end of decentralization.
What sort of BS is this? This data is entirely inaccurate and I just checked Coinmarketcap to confirm it. On 21st August, the total cryptocurrency trade volume (24 hour) was $49 billion and around half of that came from the altcoins. From where did you got this $250 billion figure, when the actual figure was less than one-tenth of that amount?
Devil is in the detail there, very often on graphs the data can show a spike to a price that exists only momentarily. I dont take so much notice of a price that doesnt last, its sometimes just an error its shown at all.
I wouldn't underline the size of BTC market so much as the breadth and distribution of the market cap. We have so many people involved now that the price is not decided on one exchange or one nation or people, its a global phenomena and I think a proper price is occurring over 24 hours as every market must participate in that alteration especially if its sudden or unusual.
Prices are developed and become accurate over time.
I wouldn't underline the size of BTC market so much as the breadth and distribution of the market cap. We have so many people involved now that the price is not decided on one exchange or one nation or people, its a global phenomena and I think a proper price is occurring over 24 hours as every market must participate in that alteration especially if its sudden or unusual.
Prices are developed and become accurate over time.
Someone will actually do this? And I don't believe even whales are not holding the cryptos worth of $250 billion!
The prices can be manipulated for sure but I believe manipulation won't stay for too longer so if someone losing their money to bring the prices down surely lot of small investors will buy them back and get more benefits from it.
I don't think someone holds something like that and i don't think it is transacted in a one go with a single person. I believe it is owned by an exchange who's transferring funds to their main wallet. Do you think whales would do that? To transact such a big amount in a one go? The prices can be manipulated for sure but I believe manipulation won't stay for too longer so if someone losing their money to bring the prices down surely lot of small investors will buy them back and get more benefits from it.
If someone invested one-tenth of this amount on any cryptocurrency will lead to high price, which makes the possibility of control and manipulation possible.
BTC market is too big to be manipulated by one person. There are millions of currencies with unknown owners, and the mining process continues.
Who is going to do this mad is someone who wants to lose his money.
This one!BTC market is too big to be manipulated by one person. There are millions of currencies with unknown owners, and the mining process continues.
Who is going to do this mad is someone who wants to lose his money.
BTC market is indeed to big and manipulation or getting big portion of its entire supply wont really be that simple yet one do has the money would consider the risk first before shooting up his billions of dollars to invest on not only to BTC but also in other altcoins as well.
Someone will actually do this? And I don't believe even whales are not holding the cryptos worth of $250 billion!
The prices can be manipulated for sure but I believe manipulation won't stay for too longer so if someone losing their money to bring the prices down surely lot of small investors will buy them back and get more benefits from it.
The prices can be manipulated for sure but I believe manipulation won't stay for too longer so if someone losing their money to bring the prices down surely lot of small investors will buy them back and get more benefits from it.
If someone invested one-tenth of this amount on any cryptocurrency will lead to high price, which makes the possibility of control and manipulation possible.
BTC market is too big to be manipulated by one person. There are millions of currencies with unknown owners, and the mining process continues.
Who is going to do this mad is someone who wants to lose his money.
BTC market is too big to be manipulated by one person. There are millions of currencies with unknown owners, and the mining process continues.
Who is going to do this mad is someone who wants to lose his money.
if one person owns this amount, he can bring down the entire cryptocurrency market or change everything, for example, exchanging this BTC for ETH, then the BTC will cost $ 200 and ETH $ 10,000. https://bitinfocharts.com/ru/comparison/sentinusd-btc.html#3m
https://d.radikal.ru/d31/1908/7f/ce5d66e82c44.jpg
https://radikalno.ru/full/2019/8/24/02bf6acf7c2210be891e9c0bb065ed77-full.jpg.html
"donat eth 0x57119a8879088ae78442533c2e9e6649631004c6 "
https://d.radikal.ru/d31/1908/7f/ce5d66e82c44.jpg
https://radikalno.ru/full/2019/8/24/02bf6acf7c2210be891e9c0bb065ed77-full.jpg.html
"donat eth 0x57119a8879088ae78442533c2e9e6649631004c6 "
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