Topic: Anonymous Cryptocurrency Trader Buys $400 Million in Bitcoin (Read 214 times)

No it doesn't. As I said above, all it shows is $400m worth of bitcoin being transferred to one account, they might not have changed hands at all, just moving from one wallet to another, or multiple wallets to one wallet.

This means $400M bitcoin was sold as well, I think most of these bitcoin were sold for loss, and someone who is very smart will make lots of money with them.

No one other than the people involved in the trade can confirm what currencies were involved and how much. The $400m figure is just derived from the amount of BTC that account added times the price at the time. It could be that they paid more or less than $400m.

Maybe he got the message when BTC crashed below $10,000 and had a few sleepless nights
and came to the conclusion that he had been greedy to keep holding out for top buck.

How do we know this $400m is real money because I know lots of people that jumped ship due
to the high fees so maybe its one of the Bernard MadeOff jobs but this time no one will go to
jail.

It wouldn't take an investment of 180bn to increase the market cap by double. The market cap would increase so much more than that if someone wanted to invest 180bn in to the market.

To be honest, $400,000,000 will not make a huge impact on the price. The total market cap of Bitcoin is currently at

$180,327,445,845. You might agree that it would take a lot more than that, to cause a ripple in the pond. Someone { I would

expect, Wall Street } are flashing some money to pump the price a little, but it will not make any big waves. It will take 450

times that amount for us to see $20,000 per bitcoin again.  

I would think of this as a good sign for the crypto!! I do hope the price will raise this year at least to 20k , cheers!!!

Possibly, but you also can't waive the fact that there may be someone who will do this. There are many reasons why someone can put that much money in btc and probably like the winklevoss twins, he'd end up a billionnaire after the year ends

Man selling 8000 Bitcoins

https://bitcointalksearch.org/topic/i-have-around-8000-btcbut-my-country-are-too-small-cap-to-cash-out-2698402

Well, experts in the financial market states that an anonymous crypto currency enthusiast capitalized on this week's dramatic bitcoin price plunge by scooping up  $400 million worth of bitcoin. Crypto currencies have had a tumultuous start to 2018. At the start of the new year, many digital currencies were riding a wave of price growth, and the market capitalization of the industry grew to the point that a $1 trillion valuation didn't seem unreasonable. Then, early in the new year, prices collapsed, and many of the top 20 crypto currencies slumped considerably. While the price dump may not have been the crypto currency bubble pop that many analysts have predicted, it did mean that top crypto currencies, even industry leader bitcoin, fell to their lowest levels in months. Although bitcoin dipped below $6,000 per coin in early February, according to Market Watch, the price has since risen considerably. In fact, it has climbed by more than 60% in the past two weeks or so, finally climbing back above $10,000. Apparently, the anonymous crypto currency trader who made a major investment in the currency imagines that this upward trend will continue. Nonetheless, bitcoin's price remains far below its all-time high of just under $20,000 per coin, attained late in 2017. Who was the trader who made the astonishing investment? For the time being, his or her identity has been difficult or even impossible to surmise. Crypto currency bulls have begun to argue about the direction of the price of the world's top digital currency. If bitcoin continues to gain back value, the anonymous buyer could soon find him or herself in the crypto billionaire circle.

There is already a thread about this on the front page: https://bitcointalksearch.org/topic/coincidence-or-not-2966977

Movement between addresses does not confirm anything was bought or sold. This could easily be an exchange transferring to a Segwit address.

Whales will generally be good for the price because you'd like to think that someone with such a large holding will be looking to hold for a fairly extended period. Let's not forget that while the usd amount is huge the overall BTC holding isn't that significant relative to total supply.

or maybe this is a crypto whale tries to manipulate the price of bitcoin

I agree we're on the next bull run, that's pretty risky to put so much  just in bitcoin though. Maybe he knows something about the lightning network implementation that we don't...

I think this is the result of the short bullish run happening. What are your thoughts about this?

SOURCE: https://www.investopedia.com/news/anonymous-cryptocurrency-enthusiast-bought-400-million-bitcoin/