Topic: Bitcoin Whale bought $150 million worth of Bitcoins during the dip. (Read 355 times)
December 11, 2021, 10:54:54 AM
During the time when the price reached 42K price level, many investors have placed buy orders and some orders were executed. We saw the price recover a huge part of the price fall just in a few minutes and it shows many people were placing orders and waiting for such price and the chance to buy bitcoins at cheaper prices, Since the price movement was really sharp it was hard to buy at dip for the people who didn't place any order, however, the main question can be where this whale is going to sell the bitcoins to take profit, because from what I can see these whales usually hold for years.
December 10, 2021, 09:43:03 AM
Wow, that feels so mesmerizing. I sometimes feel jealous of those whales buying bitcoins in bulk and here I am not even holding 1 whole bitcoin.
I am still proud to be a bitcoin holder though since I do hold in decimals but who would not like to hold 1 bitcoin.
I think it will only get more harder every year to accumulate more in bitcoins which is why the whales are accumulating more in every dip.
I am still proud to be a bitcoin holder though since I do hold in decimals but who would not like to hold 1 bitcoin.
I think it will only get more harder every year to accumulate more in bitcoins which is why the whales are accumulating more in every dip.
December 10, 2021, 08:21:07 AM
That's what whales do. Every time they smell fear in the Bitcoin market, they invest. Every time they detect that spaghetti hands are dumping, they are quick to release cash and purchase cheap Bitcoins in huge amounts. Whether they are institutions or individual investors, they are really taking advantage of the discounted Bitcoin. Most often, the retail investors are the ones who offer these whales Bitcoin at a bargain price.
December 10, 2021, 06:31:40 AM
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.
This is a total market cap that should not impress anyone too much because it is known that this number is something that results from obvious manipulations with coins/tokens supply times their price - and currently we had nearly 15 500 coins on the market. The BTC market cap is just under $900 billion, and for comparison, the US military budget for 2021 is about $750 billion.
I wonder why nobody mentioned that this "whale" dropped 7500 bitcoins in one week when the price was 50-55k, so about twice and little more the sum, they've bought now in $, around 400 million.
At least I posted a link to the address in question, but I didn't scroll down enough to see what you noticed. These are usually 1500 BTC, but at the end of January 2021, they sold almost 10 000 BTC, and another 3000 in early February.
Quote
2021-02-08 20:21:06 -1,500.005 BTC (66,159,971.81 USD)
2021-02-04 19:19:22 -1,500.005 BTC (55,785,714.94 USD)
2021-01-29 23:24:43 -3,000.01 BTC (102,306,406.77 USD)
2021-01-29 19:06:10 -6,000.005 BTC (208,323,712.23 USD)
2021-01-29 15:29:27 -700.002 BTC (26,124,563.47 USD)
2021-02-04 19:19:22 -1,500.005 BTC (55,785,714.94 USD)
2021-01-29 23:24:43 -3,000.01 BTC (102,306,406.77 USD)
2021-01-29 19:06:10 -6,000.005 BTC (208,323,712.23 USD)
2021-01-29 15:29:27 -700.002 BTC (26,124,563.47 USD)
December 10, 2021, 01:43:36 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
There's always that inequality no matter what market you've been dealing into as long there are people who do have those finances where this one involves multi millions then they would always be having the advantage.So forgive me for not getting excited about whale moves
Buying opportunity would be always there and only to those who do see opportunity will really made out steps which they know that
they could take advantage.
Having an advantage is a little bit different from having the power to move the market,,, I guess what I was commenting on earlier was not so much of the advantage of whales and the rich. The rich will always have an advantage in money matters. This is the definition exemplified,,, you have money, you have advantage. More money more advantage.
But I was talking about decentralization, the resistance of Bitcoin to manipulation. If whales can sell and buy AND cause markets to crash or rally,,, it is bad news. So I am glad it is not something Bitcoin worries about. Hence why this news is irrelevant
December 10, 2021, 01:34:05 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, this Anonymous whale wallet saw its first activities in 2019and the wallet is said to hold about $5.9 billions worth of Bitcoin and the third wallet holding the highest bitcoins.
I’m quite happy about the fact that I had enough bitcoin and I never sold it all when the market got to the top, I just sold a part of my coins and left the rest in my wallet and even received a lot of payment in bitcoin when the market was down. When the covid-19 took place, I felt that there might no longer be any bull run again, so I planned to hold my coins for four to five years before I start selling, but it later happened that we saw a bull run, so that’s why I decided to just sell part; the first one when it got to $40k, the next one around $50k, and the last one around $60k. Then the remaining coins will stay till I see bitcoin hit another major bull run. December 10, 2021, 12:53:44 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, this Anonymous whale wallet saw its first activities in 2019and the wallet is said to hold about $5.9 billions worth of Bitcoin and the third wallet holding the highest bitcoins.
I’m quite happy about the fact that I had enough bitcoin and I never sold all when the market got to the top,. I just sold a part of my coins and left the rest in my wallet and even received a lot of payment in bitcoin when the market was down. When the covid-19 took place, I felt that there might no longer be any bull run again, so I planned to hold my coins for four to five years before I start selling, but it later happened that we saw a bull run, so that’s why I decided to just sell part ; first one when it got to $40k, the next one around $50k, and the last one around $60k. Then the remaining coins will stay till I see bitcoin hit another major bull run. 
December 09, 2021, 11:30:44 PM
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, this Anonymous whale wallet saw its first activities in 2019and the wallet is said to hold about $5.9 billions worth of Bitcoin and the third wallet holding the highest bitcoins.
https://markets.businessinsider.com/news/currencies/bitcoin-whale-150-million-recent-price-crash-cryptocurrency-wallet-2021-12?utm_campaign=sf-bi-finance&utm_source=facebook.com&utm_medium=social
If they will continue acting like this for the next 2 weeks then Yes we will see more great movement for the market and also from the whales .https://markets.businessinsider.com/news/currencies/bitcoin-whale-150-million-recent-price-crash-cryptocurrency-wallet-2021-12?utm_campaign=sf-bi-finance&utm_source=facebook.com&utm_medium=social
but if just this? then nothing will bring good because look at the market now, there are no growth instead the price stabling at 47-49k and cannot even take 59k again.
December 09, 2021, 07:51:28 PM
Michael Saylor and MicroStrategy also bought a bunch of BTC, this is a big signal for us sardines to DCA. And bag up some altcoins with good fundamentals just like URUS, CHAIN and $ANRX
December 09, 2021, 06:35:55 PM
Please update the title of the thread. There is a big difference between $150 and $150 million.
The whale/corporate who had purchased this huge amount of bitcoins, clearly understands one simple math. There are 7.3 billion people in this world but only 21 millions of bitcoin can ever exist. So it's a accumulation game and the whale want to play it correctly. As simple as that!
The whale/corporate who had purchased this huge amount of bitcoins, clearly understands one simple math. There are 7.3 billion people in this world but only 21 millions of bitcoin can ever exist. So it's a accumulation game and the whale want to play it correctly. As simple as that!
and actually less than 21,000,000 will be useable in time. It is definitely an accumulation
game, there are some who have vast resources who can see into the future and are buying
1000's of Bitcoin at a time. They know in the not so distant future there will be a scramble
to own it but there will only be very limited amounts available on the market.
December 09, 2021, 06:28:03 PM
At this point in time, now that bitcoin has proven itself it would be easy to persuade people to buy into bitcoin during such dips. Also, since the wallet holder already owned a huge amount of bitcoins prior to the recent acquisition, you best believe that they are already extremely knowledgeable about the ins and outs of the market, and that they know what risks they are taking by buying in to the market with that amount during the red season.
Also, moves like this are pretty common during bear seasons. Totally not surprised by this anymore tbh.
Also, moves like this are pretty common during bear seasons. Totally not surprised by this anymore tbh.
I don't think that's a single individual. The wallet may be owned by financial organization or company.
Because some of these companies with strong affinity to btc market, they will find a way how to accumulate more especially when btc is down.
This is like golden opportunity for them to get more, whereas, most small traders or holders are in panic mode.
If they are buying this huge amount, it means, they have strong conviction about crypto market.
I don't think they will stake that tons of money for nothing that they don't believe of.
December 09, 2021, 06:22:21 PM
It’s what the big guys do, they buy low & sell high. Whilst all the noobs are being pathetic & panic selling their future successes away, the whales are laughing & scooping up cheap coins.
And they will exactly utilize some FUD to make the price drop, make people especially small investors panic and then sell the coins in the low rates. And then, whales will buy those BTC. After this, they will probably manipulate or make some good news again, make the price rise up, and sell the BTC in higher price. And, it will be again continuing such as cycle. Market may be difficult to manipulate, but whales know how to do it and utilize it to make themselves get more and more profits.
Now, Bitcoin price is really crashing, by decreasing more than -15% during 7 days and still at the rate of $48k. Only one thing that I can say right now for me myself, be patient and close the market for a while, enjoy the weekend and take a sleep
December 09, 2021, 05:56:03 PM
At this point in time, now that bitcoin has proven itself it would be easy to persuade people to buy into bitcoin during such dips. Also, since the wallet holder already owned a huge amount of bitcoins prior to the recent acquisition, you best believe that they are already extremely knowledgeable about the ins and outs of the market, and that they know what risks they are taking by buying in to the market with that amount during the red season.
Also, moves like this are pretty common during bear seasons. Totally not surprised by this anymore tbh.
Also, moves like this are pretty common during bear seasons. Totally not surprised by this anymore tbh.
December 09, 2021, 05:50:18 PM
It’s what the big guys do, they buy low & sell high. Whilst all the noobs are being pathetic & panic selling their future successes away, the whales are laughing & scooping up cheap coins.
This is what whales normally do and they always do the right action towards the current market condition since they always look at the dip as the opportunity to buy. They somewhat like when peoples panicking to sell since this is the perfect time for them to do some action and next to that is hyping that's why we see the market stabilize after the storm. Also if we want to earn then this is good indicator to enter since for sure this is good also good time to ride with them.
December 09, 2021, 05:29:06 PM
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
There's always that inequality no matter what market you've been dealing into as long there are people who do have those finances where this one involves multi millions then they would always be having the advantage.So forgive me for not getting excited about whale moves
Buying opportunity would be always there and only to those who do see opportunity will really made out steps which they know that
they could take advantage.
December 09, 2021, 04:01:21 PM
Are we going to witness war between whales where one group is trying dump the Bitcoin price by selling in parts while other wants to take advantage of it and accumulating Bitcoins to keep the market steady and setting it up for one more bullrun? IMO Bitcoin should cross the mark of $55k again in order to consider as the beginning of next bullrun, in past two days Bitcoin tried to cross $52k but failed multiple times. Let's see if these buys make any impact on current price which is currently impacted negatively.
December 09, 2021, 03:54:34 PM
It’s what the big guys do, they buy low & sell high. Whilst all the noobs are being pathetic & panic selling their future successes away, the whales are laughing & scooping up cheap coins.
December 09, 2021, 03:39:54 PM
Yeah, while some whales are selling, some are obviously taking advantage of the dip to further increase their bags. That good. 150 million worth of Bitcoin is no child's play.
December 09, 2021, 12:20:18 PM
Dont belive anything whales now selling not buying.
Maybe you are correct but i think it is the best time to buying Bitcoin part by part for whale, becouse we see that Bitcoin is $20k down from his new all time high. 
December 09, 2021, 12:00:48 PM
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
yeah...and we know for sure that because of some transfers between adresses.
I wonder why nobody mentioned that this "whale" dropped 7500 bitcoins in one week when the price was 50-55k, so about twice and little more the sum, they've bought now in $, around 400 million.
Quote
704727 2021-10-13 02:44:27 -1,500.005 BTC (84,341,813.21 USD)
704132 2021-10-09 00:23:15 -1,500.005 BTC (81,220,212.89 USD)
704004 2021-10-08 00:14:01 -1,500.005 BTC (81,058,197.78 USD)
703700 2021-10-05 19:54:45 -3,000.01 BTC (150,298,147.9 USD)
704132 2021-10-09 00:23:15 -1,500.005 BTC (81,220,212.89 USD)
704004 2021-10-08 00:14:01 -1,500.005 BTC (81,058,197.78 USD)
703700 2021-10-05 19:54:45 -3,000.01 BTC (150,298,147.9 USD)
But let's try blowing things out of proportions because there is nothing else to do
December 09, 2021, 11:22:00 AM
$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, 11:08:20 AM
$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, 06:31:51 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, 05:11:09 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, 05:04:35 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, 04:49:27 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, 01:58:24 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, 01:47:55 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, 01:12:22 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, 12:25:10 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, 12:03:32 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 08, 2021, 11:55:07 PM
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 08, 2021, 11:54:46 PM
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 08, 2021, 11:46:10 PM
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 $150 million.
What do you mean by address reused this is the first time am coming across such a term.Aren't these people concerned about address reuse?
December 08, 2021, 07:49:04 PM
Well, these aren't good news, because it's a clear signal bitcoin is still very concentrated in few hands, feeding the narrative bitcoin is manipulatable, controlled by few individuals and benefical only for a small group of whales. The correct would be if new or small investors were buying the dip, not the whales.
Anyway, the profit made by this anonymous investor (the third largest bitcoin holder) was insane! It is said he bought 118,405 BTC for an average price of 21,160$ 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, 06:58:40 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, 06:51:35 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, 06:12:25 PM
Dont belive anything whales now selling not buying.
December 08, 2021, 05:59:29 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, 05:44:38 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. 
December 08, 2021, 05:29:08 PM
Aren't these people concerned about address reuse?
December 08, 2021, 04:38:54 PM
It's definitely worth considering that while $150 million sounds like a lot to the average person, it's somewhat like pocket change to some multi-billionaires or companies. They can often run out of places to park or diversify their money but Bitcoin gives them another spending outlet. However, it's very possibly one of the giant companies like Paypal
Its mainly companies making these types of moves, even for someone rich, considering that most wealth is public data to some extent at least. An individual is definitely going to notice that amount of money, so while I get the point your making, it doesn't really matter in the grand scheme of things how much it's worth to them. The important part is this is a significant amount invested into Bitcoin at a dip, which contributes to people gaining faith, and creating a domino effect in buying more Bitcoin. So, while it might not be much to the person or company that's decided to do this, it's definitely quite significant to the wider Bitcoin user base.
December 08, 2021, 03:18:42 PM
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, this Anonymous whale wallet saw its first activities in 2019and the wallet is said to hold about $5.9 billions worth of Bitcoin and the third wallet holding the highest bitcoins.
https://markets.businessinsider.com/news/currencies/bitcoin-whale-150-million-recent-price-crash-cryptocurrency-wallet-2021-12?utm_campaign=sf-bi-finance&utm_source=facebook.com&utm_medium=social
https://markets.businessinsider.com/news/currencies/bitcoin-whale-150-million-recent-price-crash-cryptocurrency-wallet-2021-12?utm_campaign=sf-bi-finance&utm_source=facebook.com&utm_medium=social
It's definitely worth considering that while $150 million sounds like a lot to the average person, it's somewhat like pocket change to some multi-billionaires or companies. They can often run out of places to park or diversify their money but Bitcoin gives them another spending outlet. However, it's very possibly one of the giant companies like Paypal, who are actually a leach on Bitcoin as they take it all and hide it inside their walled garden - then resell it to retail buyers who can benefit if the price rises but must always sell back to Paypal. It could even be companies like Visa or Mastercard who see the writing on the wall and want to get in so they can resell too.
December 08, 2021, 03:11:32 PM
Please update the title of the thread. There is a big difference between $150 and $150 million.
The whale/corporate who had purchased this huge amount of bitcoins, clearly understands one simple math. There are 7.3 billion people in this world but only 21 millions of bitcoin can ever exist. So it's a accumulation game and the whale wanta to play it correctly. As simple as that!
And since they do know that they do have the advantage then they would definitely playing smart out of it which lets just accept the reality that there are really people on this world which is rich enough on making out investment on things which we know that it is really worthThe whale/corporate who had purchased this huge amount of bitcoins, clearly understands one simple math. There are 7.3 billion people in this world but only 21 millions of bitcoin can ever exist. So it's a accumulation game and the whale wanta to play it correctly. As simple as that!
to invest on and we do see its potential like Bitcoin. Tried to end up on monopoly? No it wouldnt end up like that for sure.
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December 08, 2021, 03:09:27 PM
According to the current price of Bitcoin the wallet holder is holding about 112,000 BTC automatically the owner of the BTC is not a whale but Humpback Whale.
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.
Try to change the topic as the above user advise.
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.
Try to change the topic as the above user advise.
December 08, 2021, 02:53:05 PM
Please update the title of the thread. There is a big difference between $150 and $150 million.
The whale/corporate who had purchased this huge amount of bitcoins, clearly understands one simple math. There are 7.3 billion people in this world but only 21 millions of bitcoin can ever exist. So it's a accumulation game and the whale want to play it correctly. As simple as that!
The whale/corporate who had purchased this huge amount of bitcoins, clearly understands one simple math. There are 7.3 billion people in this world but only 21 millions of bitcoin can ever exist. So it's a accumulation game and the whale want to play it correctly. As simple as that!
December 08, 2021, 01:17:58 PM
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, this Anonymous whale wallet saw its first activities in 2019and the wallet is said to hold about $5.9 billions worth of Bitcoin and the third wallet holding the highest bitcoins.
https://markets.businessinsider.com/news/currencies/bitcoin-whale-150-million-recent-price-crash-cryptocurrency-wallet-2021-12?utm_campaign=sf-bi-finance&utm_source=facebook.com&utm_medium=social
https://markets.businessinsider.com/news/currencies/bitcoin-whale-150-million-recent-price-crash-cryptocurrency-wallet-2021-12?utm_campaign=sf-bi-finance&utm_source=facebook.com&utm_medium=social
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