A Mystery Person Just moved $1B worth of Bitcoin - page 2.

Mulann2

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Quote from: pooya87 on September 13, 2019, 10:47:30 PM

this is ancient history bro. it happened ~10 days ago and there was a lot of speculation about it. it seems like independent is way too late with their getting news. lol

Quote

Such a large amount of bitcoin has the potential to crash the cryptocurrency market if it is cashed in for fiat currency.

since this is old, now we know that it could not.

Lol! When you said this is old news I imagine 2017 -18, but just 10 days ago and you sound like it happened years back and can't not have effect on the price! 10 days ago is pretty recent to me and could still poss as treat to the market in general, that's a huge amount and if it was actually withdrawn should have cause a dent in the price but not sure why yet.

todiboa

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Quote from: yuria3 on September 13, 2019, 10:09:05 PM

The world's largest ever bitcoin transaction has taken place, with just over $1 billion (£802 million) worth of cryptocurrency transferred between accounts.

The single transaction of 94,504 bitcoins represents around 0.5 per cent of all bitcoins currently in existence, and it has left analysts confused by who made it and for what purpose.

Full Story Below:
https://www.independent.co.uk/life-style/gadgets-and-tech/news/bitcoin-mystery-trade-cryptocurrency-market-transaction-blockchain-a9103611.html?amp

I am inclined to believe that this is preparation for the launch of Bitcoin ETF and Bakkt. Although perhaps the transaction had a different goal

Nadziratel

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There is no transaction hash in this title or in the article in the link. Without this, no one can confirm the accuracy of this information.

13abyknight

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This seems to be a blue whale among all the other whales in the ocean. Techincally, a fiat transaction this big wouldn't have even be possible as it would have needed to go through 101 checks and regulations. On the other hand, the fear that this might be an early adopter trying to cash in to fiat is entirely plausible and might cause a hefty fluctuation in the current prices.

TalkStar

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Quote from: fiulpro on September 14, 2019, 03:26:55 AM

I never understand who discloses it ..if it's not the person itself .

Maybe it doesn't matter who disclosed it where this massive transaction between addresses is the key factor.

Personally i am not gonna take this negatively because its a clear sign that sleeping mega investors are starting to show their interests about bitcoin. Perhaps we will see much bigger transaction like this in the near future. Hopefully worldwide investors are waiting to make massive amount of investment on bitcoin but government legalization is the key fact here. I hope Very soon all issues will be solved and people's interest will increase rapidly about bitcoin.

fiulpro

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Why would someone first share a news like this .. it would be more like people's trust being broken since when we use wallets and other things people usually sign the agreement with the particular company that they are not gonna disclose it at the same time if a person moved Bitcoins from one place to many therefore I think its weird how this news made into the market even .

I never understand who discloses it ..if it's not the person itself .

Janation

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Why is this a mystery?

That is the reason why they chose to use Bitcoin rather than use the typical fiat transaction.

This is not a mystery since they are wanting to use cryptocurrency for the decentralization, so they can keep their anonymity. A lot of news about this flies in the past days so I think I would not be surprised that another person did it.

bitbunnny

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Quote from: pooya87 on September 13, 2019, 10:47:30 PM

this is ancient history bro. it happened ~10 days ago and there was a lot of speculation about it. it seems like independent is way too late with their getting news. lol

Quote

Such a large amount of bitcoin has the potential to crash the cryptocurrency market if it is cashed in for fiat currency.

since this is old, now we know that it could not.

Exactly, so such theory is now proven to be wrong. Maybe some will get now that whales don't have such major influence on the market afterall.
And if Bitcoins were obtained legally then there is no reason to hunt that person trying to identify it.

Leonardo7

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It is stall news, this might just be a company or firm helping people to manage their asset. In any way, we have always been safe and will keep been safe. When your mates are conservative, you have to strike your goal without pity. Here we have the test of brave heart.

yuria3

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Quote from: ethereumhunter on September 13, 2019, 11:16:41 PM

I don't want to know that person as I don't have any clue about who is he. I am interested in what will happen in the market if that bitcoin is sent into the exchanges because if that happens, the market will get down in a short time. If he sells a large amount of bitcoin in instant sell, then that will impact the price, and we will see another downtrend. I wonder who the analysts that are confused about that are, but I am sure that the analysts will search that person who already makes the transaction.

But even if they successfully found whoever made the transaction, no one can stop them from selling it. If they obtained their Bitcoin legally.

ethereumhunter

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I don't want to know that person as I don't have any clue about who is he. I am interested in what will happen in the market if that bitcoin is sent into the exchanges because if that happens, the market will get down in a short time. If he sells a large amount of bitcoin in instant sell, then that will impact the price, and we will see another downtrend. I wonder who the analysts that are confused about that are, but I am sure that the analysts will search that person who already makes the transaction.

pooya87

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this is ancient history bro. it happened ~10 days ago and there was a lot of speculation about it. it seems like independent is way too late with their getting news. lol

Quote

Such a large amount of bitcoin has the potential to crash the cryptocurrency market if it is cashed in for fiat currency.

since this is old, now we know that it could not.

yuria3

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The world's largest ever bitcoin transaction has taken place, with just over $1 billion (£802 million) worth of cryptocurrency transferred between accounts.

The single transaction of 94,504 bitcoins represents around 0.5 per cent of all bitcoins currently in existence, and it has left analysts confused by who made it and for what purpose.

Full Story Below:
https://www.independent.co.uk/life-style/gadgets-and-tech/news/bitcoin-mystery-trade-cryptocurrency-market-transaction-blockchain-a9103611.html?amp

Topic: A Mystery Person Just moved $1B worth of Bitcoin - page 2. (Read 360 times)