A bitcoin whale is ready to sell 5000 Bitcoins or already sold. - page 2.

kotajikikox

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Quote from: Cryptornd on September 05, 2022, 02:19:08 AM

A Bitcoin Whale address which created in 2013 (18xGHNrU26w6HSCEL8DD5o1whfiDaYgp6i) has transferred all of its bitcoins approximately 5,000 BTC at 04:50:38 on Sep 5 (UTC+8) to Kraken exchange, worth of approximately $100 million. The earliest recorded transaction of this address was in December 2013, and the last one was in May 2021.

check more details

https://www.oklink.com/zh-cn/btc/address/18xGHNrU26w6HSCEL8DD5o1whfiDaYgp6i

What this kind of thread will bring us? what is the main objective of posting this here? are we gonna post every transaction each Bitcoin holders? because for me it is a rights of every holders/users on how they will move their coins , and what you know if this has been sold or just to be transferred to other exchange ?
though this is a big amount , yet this post is nothing but just a pure FUD spreading for me.

Piesel

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That wallet could be an exchange got wallet holding the Bitcoin since 2013 and making transfer to the exchange is not a guarantee that the bitcoins are about to be plugged into the market.

We are already used to thos kinds of news and speculations, and one of the questions you should ask yourself is, why haven't the 5,000 Bitcoins been sold when the price was 60k and why wait till when the price is below 20,000 before making the sale attempt? As far as a know this kind of huge Bitcoin movement is not new to us else should get used to them and stop creating news each time there is a Bitcoin movement between wallets.

LittleBitFunny

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Quote from: ?? on ??

Quote from: mk4 on September 05, 2022, 04:16:26 AM

Regardless if it was just an exchange or maybe actually a real person, it doesn't matter. Everyone has every right to buy and sell their bitcoin at whatever price they want. It's literally none of our business.

i think what he meant to say is that the price of bitcoin might get dumped a little if that guy or that company tried to sell it all at once, maybe he just wanted to warn us about it, $100 million dollars is quite a lot, if dumped it we'll see a decrease in the price of bitcoin and therefore in the whole market.

100 million would be huge for retail investors but still not a huge amount of bitcoin if you compare it to the bitcoins Tesla owns. Even if Tesla sold most of its bitcoin to the market and they announced it then. Then you can also see it has an effect on the bitcoin price in the market, but it doesn't last and bitcoin recovers after that.

They are just like us, they are investors so they have the right to sell their bitcoins and this is completely normal. Don't exaggerate the news and even if they sell all that bitcoin, there will be buyers and it won't increase the bitcoin supply either. It's not as scary as people think.

mk4

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Quote from: ?? on ??

i think what he meant to say is that the price of bitcoin might get dumped a little if that guy or that company tried to sell it all at once, maybe he just wanted to warn us about it, $100 million dollars is quite a lot, if dumped it we'll see a decrease in the price of bitcoin and therefore in the whole market.

And yet, it still doesn't matter. Even if it actually is going to be sold, this isn't the first time and this definitely isn't the last time such an amount of coins will be sold. Yet another nothingburger in the long run.

Baofeng

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Nice FUD there, and I think this the problem right now, everyone is looking for this old and big holding of bitcoins and monitoring it to the max and see where and when it will move. And then created this thread and show it publicly, Lol, very lame attempt.

For sure majority of us here knows what the narrative behind this, but the good thing is that nobody cares this 2022. We're getting tired of this rinse and repeat kinda of thread in the last couple of months. "This and that whale move xxxxxx amount of bitcoin". Whatever!!!.

ChiBitCTy

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You have to wonder how many coins this person has overall. Im kind of doubting that this is their only wallet. Holding ever since 2013 shows a ton of patience / diamond hand, plus is nearly 100 million, I sure would be selling all of it when bitcoin is just in the 20k range.

GreatArkansas

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Quote from: darkangel11 on September 05, 2022, 03:07:53 AM

The answer is again:
-You don't know if the coins were sold or just transferred.
(...)

Exactly. Not all are guaranteed to sell their Bitcoins once transferred to the exchange, no one can know here except for the exchange itself.
Some could be only a FUD or trying to manipulate the market.
Another thing is maybe this is just for the show of the owner of the wallet like trying to manipulate the market. Some also use exchanges to hold their Bitcoins but that kind of amount seems too much to hold on exchange. We'll never know.

CryptocurencyKing

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There are a lot of speculations on all these transfers and nothing yiu say could be very accurate but one thing is for sure,
Which ever the effect might be, the market would always aborb and recover. Maybe no one lost, as its a coin that have been hold successfully for almost a decade and the holder has deemed it fit to take profit thereby, giving others (buyers) the opportunity to come into crypto and start there journey.

In the end, it is to be said that this is cryptos and these things happen and the market accommodates its all.

Hamphser

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Quote from: Cryptornd on September 05, 2022, 02:19:08 AM

A Bitcoin Whale address which created in 2013 (18xGHNrU26w6HSCEL8DD5o1whfiDaYgp6i) has transferred all of its bitcoins approximately 5,000 BTC at 04:50:38 on Sep 5 (UTC+8) to Kraken exchange, worth of approximately $100 million. The earliest recorded transaction of this address was in December 2013, and the last one was in May 2021.

So what?

Its their coins and they do have the full rights whether they would be gonna selling their coins that they've been holding for too long or would just decide for it to be holded up even more
but to presume that it was sent on Kraken then it is likely that it would be sold on but well its none of our business since its his coins and needing to free up some load. Cheesy

It could really give out that impact but considering on how this market behaves or works then i wont really be stressing out myself on this particular thing.
If it dips then better have the opportunity to get in.

The Cryptovator

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When this kind of news spread then I assume FUDDERS working behind that. Because we don't know exactly the reality behind of scenes. It's quite impossible to trace whether wallet owners will be sold or want to cut the chain links. I am wondering who is stupid who didn't sell in ATH and wants to sell now. Or who knows if whales manipulating markets to accumulate more at a cheap price. Everything is possible in cryptocurrency.

Bitstar_coin

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How long does it take to sell 5000 BTC? according to OP's post, the last transaction was in May 2021 and till now he/she hasn't sold. Why is the btc still in the wallet when it has been moved a year ago to the exchange?
Or the btc in question belongs to kraken exchange and they decided to move it from their old wallet to the exchange for reasons best known to them.

bitcampaign

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each exchange has its own rules for example KYC of course this big whale is not anonymous either if indeed he is going to sell 5k BTC , even though he sells i don't think the bitcoin price will drop drastically because people will buy it at the current price or he might just move to save it somewhere

pooya87

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Quote from: NotATether on September 05, 2022, 02:37:03 AM

And how can we be sure that the source isn't also an exchange address? Because there's no way Kraken could handle $100M deposits without intensive KYC.

I don't think the receiver's bank can handle $100 million deposit either, that raises a lot of red flags specially if it is one of those banks that are already against bitcoin and shut down customers' accounts.

Quote from: DaveF on September 05, 2022, 06:28:32 AM

Either there have been more of these FUD threads lately or I am just noticing them more.

This type of FUD increases in numbers during the times when price is either falling or at least is not rising. Otherwise there is a significant decrease (even drop to zero) of this type of FUD when price is rising.

For example I haven't seen any FUD posts about the ~4900 transactions that transferred between 10k to 63.3k bitcoins (or $470 million to $1.5 billion) during the weeks when price was climbing up from $40k to $69k (between 2021-09-29 and 2021-11-10).
https://blockchair.com/bitcoin/transactions?s=output_total(desc)&q=time(2021-09-29..2021-11-10),output_total(1000000000000..)#f=time,output_total,output_total_usd,hash

dimonstration

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Quote from: NotATether on September 05, 2022, 02:37:03 AM

And how can we be sure that the source isn't also an exchange address? Because there's no way Kraken could handle $100M deposits without intensive KYC.

This is true. There’s a possibility too that this Bitcoin belongs to a project treasury like what Luna do when UST under attack. I think a single whale will not put all his money on exchange at a single deposit since it will be risky for him to do that. It’s more believable to assume that this money belongs to a project or group that involves on investment.

Upgrade00

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Why does this need a thread?

Transactions are available on the public ledger, but this does not mean every transaction above a certain amount should be scrutinized.
People can choose to trade or move their coins to a different storage form when they need to

noorman0

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@Op, there are millions of crytocurrency dollars that are deposited to the centralized exchange every day, and you only speculate this one?
Besides, if thousands of bitcoin belong to someone, I doubt that he will throw away at once because the volume of demand is too small even as a binance. Maybe there are only requests above thousands of units at prices below @$100. And even then the whales will not be as stupid as being thought.

DaveF

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Either there have been more of these FUD threads lately or I am just noticing them more.
But as others have said it's 100% not important. The average daily movement of BTC through exchanges is on the order of 1 million BTC a day. 5000 or 10000 being dumped in if it really does happen is not that big a number. And we don't know why, it's happening that is another big reason. And we don't know where that BTC came from. Fine thiis TX was to Kraken, could it be Jesse Powell's coins and he was just sending them to the exchange to store them there? We just don't know.

-Dave

P2PECS

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Quote from: mk4 on September 05, 2022, 04:16:26 AM

Regardless if it was just an exchange or maybe actually a real person, it doesn't matter. Everyone has every right to buy and sell their bitcoin at whatever price they want. It's literally none of our business.

And besides, I believe that this is of concern to short-termism. I think about holding BTC at least until 2030. If someone sells a lot of bitcoins today it doesn't affect me.

NeuroticFish

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Quote from: Cryptornd on September 05, 2022, 02:19:08 AM

Trying to scare some newbies, eh?
What you posted is no useful information: it's data available to whoever wants to read it and everybody can transfer his funds wherever he wants. And we should not care.
What you posted is FUD: the numbers can be seen as big and scary by the inexperienced, but it's actually just a fraction of the coins sold and bought on a daily basis. Even more, somebody with such amounts of coins is usually not so stupid to break the price and sell at a loss.

Still, we're in bear market, so the price can still go lower (or higher!). Traders have to stay alert, HODLers can buy more or just enjoy the ride.

Quote from: spiker777 on September 05, 2022, 03:15:38 AM

this transaction is more than a year ago. the whale probably have sold them already or used exchange to transfer them to another wallet so he can not be traced but one thing is certain that he'll not be keeping that much btc in an exchange account for this long.

You should take another look: https://mempool.space/tx/4e51e9c29620f676e49e4a3670be158fa626866c032b46a2a2ee254c861604c6
Even more, please don't quote such big images at full size. You can edit the img tag and change the height to make it smaller.

mk4

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Regardless if it was just an exchange or maybe actually a real person, it doesn't matter. Everyone has every right to buy and sell their bitcoin at whatever price they want. It's literally none of our business.

Topic: A bitcoin whale is ready to sell 5000 Bitcoins or already sold. - page 2. (Read 599 times)