$150 million is a trifle compared to a daily turnover of tens of billions of $, and I don’t see that as significant news. El Salvador bought 150 BTC in the last dip, and MicroStrategy even bought 7000 BTC worth over $400 million. I know it's a lot of money for an ordinary person, but discussions on topics like this are completely pointless.
Topic: Bitcoin Whale bought $150 million worth of Bitcoins during the dip. - page 2. (Read 335 times)
December 09, 2021, 12:22:00 PM
$150 million is a trifle compared to a daily turnover of tens of billions of $, and I don’t see that as significant news. El Salvador bought 150 BTC in the last dip, and MicroStrategy even bought 7000 BTC worth over $400 million. I know it's a lot of money for an ordinary person, but discussions on topics like this are completely pointless.
December 09, 2021, 12:08:20 PM
$150 million is a trifle compared to a daily turnover of tens of billions of $, and I don’t see that as significant news. El Salvador bought 150 BTC in the last dip, and MicroStrategy even bought 7000 BTC worth over $400 million. I know it's a lot of money for an ordinary person, but discussions on topics like this are completely pointless.
I agree that this news didnt influence significantly because per day there are a lot of transaction which is higher than that amount of BTC. Even the El Savador, MSTR and others company which have bought some BTC didnt give any positif effect to the market. The market cap is still around 2.292 B USD. Dont compare the amount of investment with our asset but on the market cap so you can take a concret conclusion.
December 09, 2021, 07:31:51 AM
Some big whales are buying the current dip as more individuals and companies are buying the Bitcoin market dip as all is set for another bull run, reading over the news I saw where a Bitcoin whale buying $150 million worth of bitcoins...
$150 million is a trifle compared to a daily turnover of tens of billions of $, and I don’t see that as significant news. El Salvador bought 150 BTC in the last dip, and MicroStrategy even bought 7000 BTC worth over $400 million. I know it's a lot of money for an ordinary person, but discussions on topics like this are completely pointless.
I believe that wallet is from one of the institutional investor like grayscale and microstrategy.
Maybe it's Grayscale, but MicroStrategy officially started investing in Bitcoin only in Q3 2020, which means it's not about them, because the amounts associated with the address do not match them.
https://bitinfocharts.com/bitcoin/address/1P5ZEDWTKTFGxQjZphgWPQUpe554WKDfHQ
December 09, 2021, 06:11:09 AM
Dont belive anything whales now selling not buying.
Do you have any proof?
If many whales were to sell, then the bitcoin price would be much lower than it currently is. Rather, the dump is due to investors who speculated with too much leverage and small investors who bought at 60k+ and now got shot. This is a self-reinforcing process until a threshold is reached where more buy than sell again, and the buyers are mostly whales or large investors. And that threshold seemed to have been around 45-46k.
December 09, 2021, 06:04:35 AM
Well, you saw it didn't you? that's how whales make purchases. So meticulous, knowing when they had to get in and when they had to fly. Until now the tetsp whales have been consistent with taking advantage of this huge drop. So it would be funny to type in Bitcoin as a daily trade, because it can backfire for traders.
Meanwhile the whales are under panic sellers, to continue to collect lots of air boost. Keep trying to stay calm in the receding market conditions.
Meanwhile the whales are under panic sellers, to continue to collect lots of air boost. Keep trying to stay calm in the receding market conditions.
December 09, 2021, 05:49:27 AM
Honestly even as a Bitcoin supporter I never see these buying actions as a high point,,, I mean whales buy and sell and move all the time, and if this thing is able to move the market,,, then it is actually bad news to us because it proves Bitcoin is not as decentralized or as resistant to centralized action as we all claim it to be.
So forgive me for not getting excited about whale moves
So forgive me for not getting excited about whale moves
December 09, 2021, 02:58:24 AM
This whale move to buy $150 million worth of Bitcoin made into the news and this is actually good for Bitcoin so it can start to rise again maybe going beyond the last ATH it achieved so far.
Considering that the dip occurred because of weak hands panic selling their bitcoins with an irrational decision, I have to tell you that it would take a lot more for them to stop their panic sell and stop market manipulators from shorting bitcoin and letting the price go back up this soon. A weak news about a large purchase is only going to entertain people for a day or two.
December 09, 2021, 02:47:55 AM
It's like they know something big is going to happen eventually and money will run out which will be replaced by BTC. Inflation or it could be because of Omnicron.
Typo there. 
New variants of viruses will occur in nature, it does not mean they are more effective than older variants in causing disease, there is a panic currently but it is slowing down and that is an acute event, it should have seen a sell-off rather than whales buying. I think this correlation is not correct at this stage.
Someone caused a panic selling and someone did an correct buying, that is how I see this. On Saturday the market crashed in a three hour time span from 60k to 45k and then recovered back to 50k. What is important to note is that the selling trend is still continuing and buying points are open for those who want a discounted price to buy. Because the last few weeks has seen 60k+ prices for too long. Admit it for the middle class this is a high price for their regular income.
The futures market and short selling is to continue and therefore I would say wait and watch for even lower prices. Keep your sell orders high and you should make a profit this year end.
December 09, 2021, 02:12:22 AM
Meanwhile, I found it hard to believe that the Bitcoin belonged to a single individual and it is possible that the wallet is a cold wallet of an organization or an exchange cause no one will dare save such an amount in an online wallet.
What part of the article said it was an online wallet? I personally doubt it's an exchange wallet, due to the nature of the transactions, but it's very difficult to ascertain.If a whale isn't careless enough to store their bitcoins in an online wallet, an exchange would probably know that as well, especially for cold storage.
Aren't these people concerned about address reuse?
Not everyone is very private conscious, considering that the change address is always the same as the sending address in majority of the transactions (the ones I checked out). Probably, they are satisfied with being pseudo anonymous.Fo a whale, he should be concerned about privacy knowing that the public key is already exposed. It might be transferred somewhere later.
It's not so surprising that rich people are accumulating coins like what Michael Saylor and Bukele are doing. It's like they know something big is going to happen eventually and money will run out which will be replaced by BTC. Inflation or it could be because of Omnicron.
December 09, 2021, 01:25:10 AM
This whale move to buy $150 million worth of Bitcoin made into the news and this is actually good for Bitcoin so it can start to rise again maybe going beyond the last ATH it achieved so far.
Considering that the dip occurred because of weak hands panic selling their bitcoins with an irrational decision, I have to tell you that it would take a lot more for them to stop their panic sell and stop market manipulators from shorting bitcoin and letting the price go back up this soon. A weak news about a large purchase is only going to entertain people for a day or two. December 09, 2021, 01:03:32 AM
This whale move to buy $150 million worth of Bitcoin made into the news and this is actually good for Bitcoin so it can start to rise again maybe going beyond the last ATH it achieved so far. The message is quite clear to all of us: When there is a big dip there is a big opportunity to make fast money in cryptocurrency. And this is just the cycle with Bitcoin and the rest of this industry; for as long as you are not dealing with shitcoins then there is more chance that things will soon get rosy.
December 09, 2021, 12:55:07 AM
It's not new concept as we have seen whales putting out billion dollars into bitcoin during these dips as prices went down from ATH of this year to $46k of which they took advantage and invested but do you know how all this is possible? The panic sellers make them more rich as btc prices are going to rise in future and they will gain much and only holding rather than selling them.This is game at big level and whales have funds to capture big portion of supply.
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December 09, 2021, 12:54:46 AM
I believe that wallet is from one of the institutional investor like grayscale and microstrategy. Imagine the risk involve for that huge amount of money if its only accumulated by a single person. Only billionaire like Elon Musk can do that kind of risky investment since most the real life whale preferred an investment on safe assets.
That money came from tons investors in crypto.
That money came from tons investors in crypto.
December 09, 2021, 12:46:10 AM
Thanks for pointing my attention to the typo error I have corrected it now.
Please update the title of the thread. There is a big difference between $150 and $150 million.
What do you mean by address reused this is the first time am coming across such a term.Aren't these people concerned about address reuse?
December 08, 2021, 08:49:04 PM
Well, these aren't good news, because it's a clear signal bitcoin is still very concentrated in few hands, feeding the narrative bitcoin is manipulatable, controlled by few individuals and benefical only for a small group of whales. The correct would be if new or small investors were buying the dip, not the whales.
Anyway, the profit made by this anonymous investor (the third largest bitcoin holder) was insane! It is said he bought 118,405 BTC for an average price of 21,160$ per coin, since 2019. Considering bitcoin at 50,000$ right now, this investor has made so far 28,840$ profit per bitcoin since the beginning. Total profit of 3,414,800,200$ dolllars!
Anyway, the profit made by this anonymous investor (the third largest bitcoin holder) was insane! It is said he bought 118,405 BTC for an average price of 21,160$ per coin, since 2019. Considering bitcoin at 50,000$ right now, this investor has made so far 28,840$ profit per bitcoin since the beginning. Total profit of 3,414,800,200$ dolllars!
December 08, 2021, 07:58:40 PM
yes, there have been a lot of big whales buying bitcoins during this downturn. In general, the big whales are big companies who want to take profits, such as when the price of Bitcoin decreases they will buy Bitcoin in very large quantities and when the price of bitcoin goes up they sell all the bitcoins they have.
In my opinion, bitcoin holders selling their bitcoins when the price goes down is a stupid act, they can still get bigger profits when the bitcoin price reaches the ATH price, they should be more patient to get bigger profits.
In my opinion, bitcoin holders selling their bitcoins when the price goes down is a stupid act, they can still get bigger profits when the bitcoin price reaches the ATH price, they should be more patient to get bigger profits.
December 08, 2021, 07:51:35 PM
Dont belive anything whales now selling not buying.
Whale or notBig investors or not
Common people or not
Companies or not
It doesnt matter because we are sharing on the same goal and mindset which is to sell high and buy low.
This is the primary actions that we do made.
December 08, 2021, 07:12:25 PM
Dont belive anything whales now selling not buying.
December 08, 2021, 06:59:29 PM
Well it is really hard to determine if that is a whale address or just an exchange transfer their fund into another cold storage/hot wallet.
That is a huge amount and I don't think there is a single person that can afford that big amount and even the most riches man would not be able to afford that even if we know how much investment with Elon Musk. If that is a whale, it perhaps has a small effect on the market price, but I don't see anything there that is a sign that it has an impact.
That is a huge amount and I don't think there is a single person that can afford that big amount and even the most riches man would not be able to afford that even if we know how much investment with Elon Musk. If that is a whale, it perhaps has a small effect on the market price, but I don't see anything there that is a sign that it has an impact.
December 08, 2021, 06:44:38 PM
Meanwhile, I found it hard to believe that the Bitcoin belonged to a single individual and it is possible that the wallet is a cold wallet of an organization or an exchange cause no one will dare save such an amount in an online wallet.
What part of the article said it was an online wallet? I personally doubt it's an exchange wallet, due to the nature of the transactions, but it's very difficult to ascertain.If a whale isn't careless enough to store their bitcoins in an online wallet, an exchange would probably know that as well, especially for cold storage.
Aren't these people concerned about address reuse?
Not everyone is very private conscious, considering that the change address is always the same as the sending address in majority of the transactions (the ones I checked out). Probably, they are satisfied with being pseudo anonymous. Jump to: