Topic: Do people really make millions of $ transactions? (Read 2659 times)
may be if millions $ not transaction but mining , bitcoin not only as transaction but bitcoin can as source of income , get profit more , and get rich
Even one bitcoin is priced more than $700 right now and one block can include 1mb sized total transactions which can easily contain more than 200,000 bitcoin so it is not surprising to see millions dollar worth of bitcoin being transacting in 10 minute blocks.
Anyone knows what is the biggest transaction ever done? I remember reading about a 500.000 BTC transaction... im not sure tho, I may have slipped a couple more zeroes on there, but something along the lines. Who knows who that person is? It's impossible to know, but I bet it's either a very early miner or a business/exchange address.
http://prnt.sc/cvl4x0
These BTC amounts are equivalent to millions of $. Do people really make such huge BTC transactions? I'm surprised. What could these transactions be for I wonder? These must be really filthy rich people who have millions of $ of BTCs. I personally would be very wary of keeping millions of my money online like this especially knowing that it isn't safe (example: mtgox and bitfinex hacks).
These BTC amounts are equivalent to millions of $. Do people really make such huge BTC transactions? I'm surprised. What could these transactions be for I wonder? These must be really filthy rich people who have millions of $ of BTCs. I personally would be very wary of keeping millions of my money online like this especially knowing that it isn't safe (example: mtgox and bitfinex hacks).
Well, I am not surprised. Bitcoin is currency as dollar or euro. So if there is huge transactions in dollars there must be huge transactions in Bitcoins. It's not a secret that there some people huge amount of bitcoin holders, they are businessmen for sure or something like that so they are making investing tradings in cryptocurrency normally. I doubt that they are holding their bitcoins online. There are USB wallets for example or other kinds of wallets we don't know about.
probably more than that because if every udder make 1 transaction per day then obviously limit would cross million. but everyday this much number transaction doesn't take place sometimes more and sometimes less
but i am damn sure that million transaction per day is normal.
but i am damn sure that million transaction per day is normal.
Its pretty normal and it will only be more and more by day since the bitcoin is growing a lot and will be worth more and its also getting so popular these days.
Well I transfer some bitcoins every day, not much from 1 mbtc to 0.1 btc. Sometimes more, when I win on gambling I withdraw more then that, there was situations like that one.
And I`m the one, and how many people are here, how many casinos, investment platforms, faucets, exchanges and traders, and million other stuff. I think this is just a beginning, it will be more soon, just people to start to realize what is bitcoin, and how much bitcoin can change economy, in positive way.
And I`m the one, and how many people are here, how many casinos, investment platforms, faucets, exchanges and traders, and million other stuff. I think this is just a beginning, it will be more soon, just people to start to realize what is bitcoin, and how much bitcoin can change economy, in positive way.
I believe that's transactions are from exchanges, casinos, altcoins ICO and things like that.
I really don't think a normal user hold it all in the same wallet and make huge transactions like this, really crazy numbers.
I really don't think a normal user hold it all in the same wallet and make huge transactions like this, really crazy numbers.
Same bitcoin can move several times through different address daily so it is not surprising to see millions dollar worth of bitcoin being transfered in every block. Current 1 mb block can have those amount of bitcoin so yes what amount of bitcoin we are seeing are real amount per block.
there really is not much to discuss here, because since bitcoin blockchain is a public thing that anybody can see, you can go to one of the block explorers and start looking at the stats.
there may be some whales moving money around from time to time but if you look at the medium amount of $$ transacted each day for a longer period you can make a good conclusion.
there may be some whales moving money around from time to time but if you look at the medium amount of $$ transacted each day for a longer period you can make a good conclusion.
I think such transactions worth millions of $ are usually made by the Chinese who like to move the price up and down. May also be whales which do trading elsewhere but from the charts I have seen that China has a lot of volume regarding bitcoin trading. Some saying they are not true but at least to me they look very realistic.
Such transactions of such huge value also happen from the people dealing with each other through Deep web (accessible via TOR browser) so I am not surprised at all.
In the end bitcoin is money so huge value transactions are a normal thing.
Such transactions of such huge value also happen from the people dealing with each other through Deep web (accessible via TOR browser) so I am not surprised at all.
In the end bitcoin is money so huge value transactions are a normal thing.
probably more than that because if every udder make 1 transaction per day then obviously limit would cross million. but everyday this much number transaction doesn't take place sometimes more and sometimes less
but i am damn sure that million transaction per day is normal.
but i am damn sure that million transaction per day is normal.
http://prnt.sc/cvl4x0
These BTC amounts are equivalent to millions of $. Do people really make such huge BTC transactions? I'm surprised. What could these transactions be for I wonder? These must be really filthy rich people who have millions of $ of BTCs. I personally would be very wary of keeping millions of my money online like this especially knowing that it isn't safe (example: mtgox and bitfinex hacks).
yes it's right keep money , more than money ussually because money online is susceptible from theft These BTC amounts are equivalent to millions of $. Do people really make such huge BTC transactions? I'm surprised. What could these transactions be for I wonder? These must be really filthy rich people who have millions of $ of BTCs. I personally would be very wary of keeping millions of my money online like this especially knowing that it isn't safe (example: mtgox and bitfinex hacks).
One of the big selling points of bitcoin (selling as in, big reason of why it can be attractive to potential users) is precisely the fact that the network doesn't care if you are moving 10 dollars or 100 million, it's still the same, the size of the transaction doesn't change that much. I think bitcoin has a big appeal to financial whales more than the average guy that wants to buy some coffee.
Yes for me it is possible that there were million dollar bitcoin transactions. They are maybe a founder of gambling sites and investment sites. Or maybe founder of bitcoin that just wanted to transfer their funds on another bitcoin wallet. Whatever the reasons it is possible they make million transactions because of the hassle free transaction that bitcoin can give.
http://prnt.sc/cvl4x0
These BTC amounts are equivalent to millions of $. Do people really make such huge BTC transactions? I'm surprised. What could these transactions be for I wonder? These must be really filthy rich people who have millions of $ of BTCs. I personally would be very wary of keeping millions of my money online like this especially knowing that it isn't safe (example: mtgox and bitfinex hacks).
These BTC amounts are equivalent to millions of $. Do people really make such huge BTC transactions? I'm surprised. What could these transactions be for I wonder? These must be really filthy rich people who have millions of $ of BTCs. I personally would be very wary of keeping millions of my money online like this especially knowing that it isn't safe (example: mtgox and bitfinex hacks).
Those transactions represent bitcoin being moved between two (or more) bitcoin addresses.
They do not represent exchanges (except for deposits from & withdrawals to bitcoin addresses).
Never store your bitcoins within exchanges like MtGox & Bitfinex.
The number one rule of using Bitcoin is that you should be storing your own coins.
All of Bitcoin is online and is safer than the average bank system.
FYI, all your money within the banking system is online and more editable than Bitcoin.
Well said thanks for the info. I myself is really doubtful about the bitcoin security over banking system, i still am doubting it may be editable but i think banking system able to provide a solution for this loophole. And it was i guess the hard copy of transactions
since blockchain is a public ledger and there are many tools to analyze it with getting statistics about transactions, number of them and their sizes and many other things; you can easily find the answer to all these questions.
just go to one of these places with charts like blockchain.info and read the charts!
just go to one of these places with charts like blockchain.info and read the charts!
http://prnt.sc/cvl4x0
These BTC amounts are equivalent to millions of $. Do people really make such huge BTC transactions? I'm surprised. What could these transactions be for I wonder? These must be really filthy rich people who have millions of $ of BTCs. I personally would be very wary of keeping millions of my money online like this especially knowing that it isn't safe (example: mtgox and bitfinex hacks).
ofcourse many people makes bulk transaction per day . since you are using the high profile example of mtgox but here i will give example of my friend who is trader . he made transaction daily of about 2+ btc .These BTC amounts are equivalent to millions of $. Do people really make such huge BTC transactions? I'm surprised. What could these transactions be for I wonder? These must be really filthy rich people who have millions of $ of BTCs. I personally would be very wary of keeping millions of my money online like this especially knowing that it isn't safe (example: mtgox and bitfinex hacks).
so we can say there are many people ( not only bitfinex or mt.gox) who make transactions in big-big amount .
http://prnt.sc/cvl4x0
These BTC amounts are equivalent to millions of $. Do people really make such huge BTC transactions? I'm surprised. What could these transactions be for I wonder? These must be really filthy rich people who have millions of $ of BTCs. I personally would be very wary of keeping millions of my money online like this especially knowing that it isn't safe (example: mtgox and bitfinex hacks).
Some people do keep and make massive transactions like that, and it could potentially be a business moving their bitcoin to an exchange, or it could be an individual buying something big using Bitcoin. Which is unlikely, but still possible. I have no idea what they could or would be buying. These BTC amounts are equivalent to millions of $. Do people really make such huge BTC transactions? I'm surprised. What could these transactions be for I wonder? These must be really filthy rich people who have millions of $ of BTCs. I personally would be very wary of keeping millions of my money online like this especially knowing that it isn't safe (example: mtgox and bitfinex hacks).
The last week we do saw some dealy into the confirmations of transactions, i were able to see 70000 transactions with something around 20bitcoins as fees, even not being huge ammount of transaction, the money into circulation were milions.
That's not the actiion of a sole guy but the addition of thousand of smaller transactions. Yes, rich guy plus rich guy plus rich guy that make very huge amounts.
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