bitcoin bear chart - page 7. | Bitcointalksearch.org

GeniuSxBoY

hero member

Activity: 616

Merit: 500

Quote from: piramida on December 22, 2013, 02:53:47 PM

relax, whoever had 400k coins in 2011, surely knows better than to dump them all on exchange

he sat tight when it was at 1200, and no fundamentals has changed for him to suddenly need to cash out millions usd through an exchange where he would pay taxes when withdrawing and kill bitcoin in the process

could be either a simple reorg or an off-books sale, these are not coming to gox.

Keyword:Could. You don't know. I don't know.

I'm playing it safe. I like the amount of money I've made so far, I'd like to keep it.

I can't keep what I made secure with that big of a raincloud looming over my head.

piramida

legendary

Activity: 1176

Merit: 1010

Borsche

relax, whoever had 400k coins in 2011, surely knows better than to dump them all on exchange

he sat tight when it was at 1200, and no fundamentals has changed for him to suddenly need to cash out millions usd through an exchange where he would pay taxes when withdrawing and kill bitcoin in the process

could be either a simple reorg or an off-books sale, these are not coming to gox.

PS still, out of curiosity, 0.1 btc bounty to whomever can provably link this move to an identity of the mover.

GeniuSxBoY

hero member

Activity: 616

Merit: 500

I just pulled all my bids. I'm not going to be the sucker stuck with $600 coins. I'd rather play it safe

damiano

legendary

Activity: 1246

Merit: 1000

103 days, 21 hours and 10 minutes.

It's like a hibernating bear at woke up.

Maybe he got some early insider info.

knightcoin

full member

Activity: 238

Merit: 100

Stand on the shoulders of giants

as a big Steve Spielberg fan .. I told days ago that we going to need a bigger boat Grin

(actually on that day had a weird lucid dream about it, but with some Casascius coins in the middle ) ...

Anyways just came to my mind another one ...

Jurassic Park T-Rex Breakout
http://www.youtube.com/watch?v=1koa2xAxCAw

Cool

SuperHakka

full member

Activity: 196

Merit: 100

Quote from: Rampion on December 22, 2013, 02:15:22 PM

Old coins moving is a positive sign 99% of the times regardless of short term price action.

positive for who though? one thing is for sure, the fucker who is moving that pile around has been rumbled. he has now a short time to do what he has to do before the markets move against him. strap on yer crash helmets peeps Shocked

MaxwellsDemon

full member

Activity: 187

Merit: 109

Converting information into power since 1867

Quote from: jasonjm on December 22, 2013, 02:00:57 PM

and copy and paste

"I've done a bit of blockchain exploring.

The block in question where all the bitcoin days were destroyed is this one:

https://blockchain.info/block/00000000000000048445e1220a78e53de15c74160ffbe4dad0b52099560e045f

About 120,000 btc were moved. There are many transactions in this block in the 4,500-5,000 btc range. I followed the source addresses back in time. The ones I've looked at all trace their heritage to this monstrous transaction from 27 January 2011:

https://blockchain.info/tx/8f8210694d3631a88ff410c573d80caf57db1d8af397bd47687aa4e4c1802464

A single transaction moved 400,000 btc to a single address; this one:

https://blockchain.info/address/1AYtnRppWM7tWQaVLpm7TvcHKrjKxgCRvX

So whoever made the transaction yesterday had 400,000 btc in a single address in 2011. If it isn't Satoshi, who the hell is it?

Note that that 1AY... address had some transactions on 26 November this year; shortly before the ATH on 28 November. A huge whale, perhaps the biggest single holder of btc in existence, is stirring. The question is, why?

EDIT: 400,000 btc in early 2011 was almost 10% of all btc in existence. In a single address. Wow."

Wow... You're right, I missed that. ~120k coins, a bit over 1000 days old. And it's pretty clear they were sold, because all the outputs just moved 'as is' to new addresses. No splitting, merging, mixing, or otherwise rearranging. Why would someone do that if not to simply transfer the funds to someone else?

Note that the transactions on Nov. 26 were of negligible quantity; however, if you follow some of the money around, it kinda looks like some of it was sold during 2012.

Rampion

legendary

Activity: 1148

Merit: 1018

Old coins moving is a positive sign 99% of the times regardless of short term price action.

SuperHakka

full member

Activity: 196

Merit: 100

i is getting butterfly feeling in my stomach for some reason

jasonjm

hero member

Activity: 1288

Merit: 524

Buzz App - Spin wheel, farm rewards

release the ... ?

mgburks77

sr. member

Activity: 364

Merit: 250

Quote

A huge whale, perhaps the biggest single holder of btc in existence, is stirring. The question is, why?

Cthulhu rising?

granathus

full member

Activity: 294

Merit: 100

Quote from: jasonjm on December 22, 2013, 02:00:57 PM

and copy and paste

"I've done a bit of blockchain exploring.

The block in question where all the bitcoin days were destroyed is this one:

https://blockchain.info/block/00000000000000048445e1220a78e53de15c74160ffbe4dad0b52099560e045f

About 120,000 btc were moved. There are many transactions in this block in the 4,500-5,000 btc range. I followed the source addresses back in time. The ones I've looked at all trace their heritage to this monstrous transaction from 27 January 2011:

https://blockchain.info/tx/8f8210694d3631a88ff410c573d80caf57db1d8af397bd47687aa4e4c1802464

A single transaction moved 400,000 btc to a single address; this one:

https://blockchain.info/address/1AYtnRppWM7tWQaVLpm7TvcHKrjKxgCRvX

So whoever made the transaction yesterday had 400,000 btc in a single address in 2011. If it isn't Satoshi, who the hell is it?

Note that that 1AY... address had some transactions on 26 November this year; shortly before the ATH on 28 November. A huge whale, perhaps the biggest single holder of btc in existence, is stirring. The question is, why?

EDIT: 400,000 btc in early 2011 was almost 10% of all btc in existence. In a single address. Wow."

Nice research and writeup. This is really interesting, and a bit scary. Shocked

jasonjm

hero member

Activity: 1288

Merit: 524

Buzz App - Spin wheel, farm rewards

and copy and paste

"I've done a bit of blockchain exploring.

The block in question where all the bitcoin days were destroyed is this one:

https://blockchain.info/block/00000000000000048445e1220a78e53de15c74160ffbe4dad0b52099560e045f

About 120,000 btc were moved. There are many transactions in this block in the 4,500-5,000 btc range. I followed the source addresses back in time. The ones I've looked at all trace their heritage to this monstrous transaction from 27 January 2011:

https://blockchain.info/tx/8f8210694d3631a88ff410c573d80caf57db1d8af397bd47687aa4e4c1802464

A single transaction moved 400,000 btc to a single address; this one:

https://blockchain.info/address/1AYtnRppWM7tWQaVLpm7TvcHKrjKxgCRvX

So whoever made the transaction yesterday had 400,000 btc in a single address in 2011. If it isn't Satoshi, who the hell is it?

Note that that 1AY... address had some transactions on 26 November this year; shortly before the ATH on 28 November. A huge whale, perhaps the biggest single holder of btc in existence, is stirring. The question is, why?

EDIT: 400,000 btc in early 2011 was almost 10% of all btc in existence. In a single address. Wow."

keewee

legendary

Activity: 1025

Merit: 1000

There has been a lot of new investment in Bitcoin services and talk of big things to come in 2014. Could this not be coming out of storage to provide funds for some venture (or ventures)?

MaxwellsDemon

full member

Activity: 187

Merit: 109

Converting information into power since 1867

Quote from: piramida on December 22, 2013, 01:29:54 PM

130k 3-yr old coins

How do you figure that? I guessed it would be a smaller amount of older coins, seeing how there were no huge transactions yesterday (involving old coins) and no spike in total output volume.

granathus

full member

Activity: 294

Merit: 100

Quote from: piramida on December 22, 2013, 01:29:54 PM

it could easily mean a large sell has happened off the books. a sell of this size (130k 3-yr old coins) would crash any exchange, so nobody would do it that way.

This is true, it could also mean a number of other things. In any case it has to be considered very bearish that such a chunk of coins has suddenly come into play again.

piramida

legendary

Activity: 1176

Merit: 1010

Borsche

it could easily mean a large sell has happened off the books. a sell of this size (130k 3-yr old coins) would crash any exchange, so nobody would do it that way.

granathus

full member

Activity: 294

Merit: 100

Yup, this is huge... Something is about to go down. Literaly speaking.

zoinky

hero member

Activity: 811

Merit: 1000

Web Developer

Gulp

piramida

legendary

Activity: 1176

Merit: 1010

Borsche

Nice dig. Definitely lots of old coins has moved around yesterday, for whatever reason. we would probably know soon.

Topic: bitcoin bear chart - page 7. (Read 42477 times)