a few points
1. having 1000 addresses of 2002 coins or 2000 addresses of 1001 coins = same total coins hoarded
2. if instead of 500 people with 2btc hoard it themselves, they deposit it into an exchange its still 1000coins. split or not
3. also if an exchange(main purpose of whale hoards) suddenly has more coins its cold walleting. this is a sign people are putting more coin into an exchange, looking to sell soon.
yep thats right exchanges holding more coins = approaching a higher risk of sell-off happening
yep thats right when an exchange breaks up their cold wallet and pays out to individuals = less hoards. = less coins on exchange = less supply = price rise as there are less sellers because there are less coins to sell
Topic: A rise on Bitcoin addresses that holds 1k BTC or more is a bullish sign! - page 2. (Read 309 times)
October 15, 2019, 07:34:02 AM
October 15, 2019, 06:22:23 AM
More institutional investors and big whales coming in the market? Yes. 100 percent proof this is bullish and means BTC will go to the moon? No, unfortunately.
Keep in mind if any one of these addresses wanted to crash and dump the market, they could definetly, and it'll likely cause a snowball effect and ruin everything.
Big investment is always interesting. I'm more interested about what companies are getting into the scene because it means more adoption.
Keep in mind if any one of these addresses wanted to crash and dump the market, they could definetly, and it'll likely cause a snowball effect and ruin everything.
Big investment is always interesting. I'm more interested about what companies are getting into the scene because it means more adoption.
That doesn't really make much sense. Do you think there weren't any people who dumped 1000 btc at once? It happened hundreds of times before. See the chart it happened when btc hit $20k. Did btc die? No. It will happen again when we see another ATH. Some people will eventually want to cash out.
Quote from: https://cointelegraph.com/news/growth-of-btc-millionaires-now-matches-bitcoins-early-years-new-data
At press time, 3,070 address held more than 1,000 BTC each, representing just 0.01% of the total, according to BitInfoCharts’ Bitcoin Rich List. It should also be noted that many of the richest addresses — specifically the top four — belong to exchanges such as Binance, which hold Bitcoins belonging to millions of users.
What bullish sign? If I have 10 000 BTC and I split them to 10 different addresses each containing 1000BTC what a positive effect this has on anything? By this article, there are 3070 addresses with 1000+ BTC, but they only represent 0.01% of total Bitcoin, a rather negligible figure. And it is publicly known that most of such addresses belong to crypto exchanges, so how can that be an indicator for anything?
Nice PR for that company mentioned in OP directly and in both news links, nothing more than that.
October 15, 2019, 06:17:39 AM
This is just another marker on the road of progress!
Although I wish I had been around when bitcoin when 1k Bitcoin was worth 10 cents or a few hours of hash power.
Dor sure those accounts are either big money or the divided acounts of even bigger money. great for them!
I also wish the best for all of you!
Although I wish I had been around when bitcoin when 1k Bitcoin was worth 10 cents or a few hours of hash power.
Dor sure those accounts are either big money or the divided acounts of even bigger money. great for them!
I also wish the best for all of you!
October 15, 2019, 06:12:51 AM
Recently, there has been a steady increase on the number of unique Bitcoin addresses that holds at least 1k BTC or more and this trend has been consistent for several months now, which started from the earlier period of 2019! As per news articles, most crypto observers had suggested the idea that its possible that big investors and institutions could be behind this trend where it seems they are possibly accumulating BTC under $10k price range.
To my understanding, I think this is a bullish sign for BTC, and whats more exciting is that this trend hasn't happened especially in the 2017 bull market! Kindly share with us your thoughts and ideas about this metric.
Sources: https://glassnode.com/
https://cointelegraph.com/news/2-key-indicators-show-traders-are-accumulating-bitcoin-under-10k
https://cointelegraph.com/news/growth-of-btc-millionaires-now-matches-bitcoins-early-years-new-data
To my understanding, I think this is a bullish sign for BTC, and whats more exciting is that this trend hasn't happened especially in the 2017 bull market! Kindly share with us your thoughts and ideas about this metric.
Sources: https://glassnode.com/
https://cointelegraph.com/news/2-key-indicators-show-traders-are-accumulating-bitcoin-under-10k
https://cointelegraph.com/news/growth-of-btc-millionaires-now-matches-bitcoins-early-years-new-data
A lot of indications is happening right now, we even have a halving coming up it's going to happen next year, but all the indication and are not converting to what should happen right now, we should be enjoying right now because this should be the time that we are moving to another milestone, but unfortunately it's not happening, we will have to wait before the start of the year before all these materialize.
October 15, 2019, 06:09:20 AM
Recently, there has been a steady increase on the number of unique Bitcoin addresses that holds at least 1k BTC or more and this trend has been consistent for several months now, which started from the earlier period of 2019! As per news articles, most crypto observers had suggested the idea that its possible that big investors and institutions could be behind this trend where it seems they are possibly accumulating BTC under $10k price range.
To my understanding, I think this is a bullish sign for BTC, and whats more exciting is that this trend hasn't happened especially in the 2017 bull market! Kindly share with us your thoughts and ideas about this metric.
Sources: https://glassnode.com/
https://cointelegraph.com/news/2-key-indicators-show-traders-are-accumulating-bitcoin-under-10k
https://cointelegraph.com/news/growth-of-btc-millionaires-now-matches-bitcoins-early-years-new-data
To my understanding, I think this is a bullish sign for BTC, and whats more exciting is that this trend hasn't happened especially in the 2017 bull market! Kindly share with us your thoughts and ideas about this metric.
Sources: https://glassnode.com/
https://cointelegraph.com/news/2-key-indicators-show-traders-are-accumulating-bitcoin-under-10k
https://cointelegraph.com/news/growth-of-btc-millionaires-now-matches-bitcoins-early-years-new-data
It looks like the accumulation and holding of Bitcoins. The price is good enough to purchase large volumes now but nothing more will happen i think.
October 15, 2019, 05:55:42 AM
Quote from: https://cointelegraph.com/news/growth-of-btc-millionaires-now-matches-bitcoins-early-years-new-data
At press time, 3,070 address held more than 1,000 BTC each, representing just 0.01% of the total, according to BitInfoCharts’ Bitcoin Rich List. It should also be noted that many of the richest addresses — specifically the top four — belong to exchanges such as Binance, which hold Bitcoins belonging to millions of users.
What bullish sign? If I have 10 000 BTC and I split them to 10 different addresses each containing 1000BTC what a positive effect this has on anything? By this article, there are 3070 addresses with 1000+ BTC, but they only represent 0.01% of total Bitcoin, a rather negligible figure. And it is publicly known that most of such addresses belong to crypto exchanges, so how can that be an indicator for anything?
Nice PR for that company mentioned in OP directly and in both news links, nothing more than that.
October 15, 2019, 05:25:50 AM
Bullish in the future? yes.
Actually I am not confidently rely on this factor, wallet addresses ain't no indicator of a bullish market since anyone can own more than 1 wallet.
If whales are thinking of minimizing the risk while holding, they will certainly think of spreading their bitcoins in different wallets, so that's the possibility i'm seeing in this news.
But they don't actually do something like this. Whales prefer to stay low key, they don't usually make a move which is something that will notice everyone. Actually I am not confidently rely on this factor, wallet addresses ain't no indicator of a bullish market since anyone can own more than 1 wallet.
If whales are thinking of minimizing the risk while holding, they will certainly think of spreading their bitcoins in different wallets, so that's the possibility i'm seeing in this news.
It's too early to make an assumption, we can say that this may be a sign but its really hard to say as of now. We can just think that whales are now making a move for the possible things to happen whether it is positive or a negative one.
October 15, 2019, 05:25:01 AM
More institutional investors and big whales coming in the market? Yes. 100 percent proof this is bullish and means BTC will go to the moon? No, unfortunately.
Keep in mind if any one of these addresses wanted to crash and dump the market, they could definetly, and it'll likely cause a snowball effect and ruin everything.
Big investment is always interesting. I'm more interested about what companies are getting into the scene because it means more adoption.
Keep in mind if any one of these addresses wanted to crash and dump the market, they could definetly, and it'll likely cause a snowball effect and ruin everything.
Big investment is always interesting. I'm more interested about what companies are getting into the scene because it means more adoption.
That doesn't really make much sense. Do you think there weren't any people who dumped 1000 btc at once? It happened hundreds of times before. See the chart it happened when btc hit $20k. Did btc die? No. It will happen again when we see another ATH. Some people will eventually want to cash out.
October 15, 2019, 05:18:09 AM
Bullish in the future? yes.
Actually I am not confidently rely on this factor, wallet addresses ain't no indicator of a bullish market since anyone can own more than 1 wallet.
If whales are thinking of minimizing the risk while holding, they will certainly think of spreading their bitcoins in different wallets, so that's the possibility i'm seeing in this news.
Actually I am not confidently rely on this factor, wallet addresses ain't no indicator of a bullish market since anyone can own more than 1 wallet.
If whales are thinking of minimizing the risk while holding, they will certainly think of spreading their bitcoins in different wallets, so that's the possibility i'm seeing in this news.
October 15, 2019, 05:14:55 AM
Well, these indicators may hold some truth. However, for as long as the candles are red in blood, there is no huge accumulation happening. The price movement of Bitcoin is still directed downward. It does not reflect accumulation at all. It reflects selling more than buying.
There are several possibilities than could be deduced from this. This might only mean some whales are breaking down their huge BTC holdings into smaller portions and saved them in different wallets for safekeeping.
There are several possibilities than could be deduced from this. This might only mean some whales are breaking down their huge BTC holdings into smaller portions and saved them in different wallets for safekeeping.
October 15, 2019, 05:09:35 AM
More institutional investors and big whales coming in the market? Yes. 100 percent proof this is bullish and means BTC will go to the moon? No, unfortunately.
Keep in mind if any one of these addresses wanted to crash and dump the market, they could definetly, and it'll likely cause a snowball effect and ruin everything.
Big investment is always interesting. I'm more interested about what companies are getting into the scene because it means more adoption.
Keep in mind if any one of these addresses wanted to crash and dump the market, they could definetly, and it'll likely cause a snowball effect and ruin everything.
Big investment is always interesting. I'm more interested about what companies are getting into the scene because it means more adoption.
October 15, 2019, 04:56:12 AM
Recently, there has been a steady increase on the number of unique Bitcoin addresses that holds at least 1k BTC or more and this trend has been consistent for several months now, which started from the earlier period of 2019! As per news articles, most crypto observers had suggested the idea that its possible that big investors and institutions could be behind this trend where it seems they are possibly accumulating BTC under $10k price range.
To my understanding, I think this is a bullish sign for BTC, and whats more exciting is that this trend hasn't happened especially in the 2017 bull market! Kindly share with us your thoughts and ideas about this metric.
Sources: https://glassnode.com/
https://cointelegraph.com/news/2-key-indicators-show-traders-are-accumulating-bitcoin-under-10k
https://cointelegraph.com/news/growth-of-btc-millionaires-now-matches-bitcoins-early-years-new-data
To my understanding, I think this is a bullish sign for BTC, and whats more exciting is that this trend hasn't happened especially in the 2017 bull market! Kindly share with us your thoughts and ideas about this metric.
Sources: https://glassnode.com/
https://cointelegraph.com/news/2-key-indicators-show-traders-are-accumulating-bitcoin-under-10k
https://cointelegraph.com/news/growth-of-btc-millionaires-now-matches-bitcoins-early-years-new-data
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