Do people really make millions of $ transactions? - page 4.

BitcoinHodler

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Quote from: JB0011 on October 17, 2016, 05:13:00 PM

... 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).

keep money online? not being safe? what are you talking about.

you do realize that we are talking about "bitcoin" not a third party payment processor wallet thingy like paypal right?

you can keep millions of dollar in bitcoin inside your cold storage and be the safest you can ever be. nobody can hack it from you, nobody can take it from you and nobody can tell you how to use or not use your money.

your examples are also bad because those are third party services and them getting hacked means you should never trust a third party services.

newcoins1978

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Quote from: JB0011 on October 17, 2016, 05:13:00 PM

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).

I have never heard about it but I do think that it has happened before but you cannot do it without the bank there concern they also have to know about it.
You then will have to sign a whole agreement and stuff to keep it short it is a whole process.

Alty

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These ones, although now old are interesting to see / follow.

https://blockchain.info/largest-recent-transactions

Oilacris

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Quote from: JB0011 on October 17, 2016, 05:13:00 PM

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).

If you try to see the recent transfers on blockchain.info you would really see even more amounts of huge amounts of bitcoins lets say 200- 700 btc transfer which is really awesome that these million of dollars are being transfered in online without any hassle.

davis196

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Quote from: JB0011 on October 17, 2016, 05:13:00 PM

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).

I think that using btc is safer than keeping your money in the bank.

Maybe i`m wrong, but the big european banks have big problems right now.

Storing bitcoins in exchange platforms is a bad idea.

romero121

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Huge transactions take place often with bitcoin. In my view most of these transactions were made by users who were rich and to avoid taxation issues move billions through bitcoin addresses as it doesn't reveal identity.

mrkevio

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They aren't fake for sure. They do, why would that be impossible? Check out the richest Bitcoin wallets list, you'll be surprised to find out there are Bitcoin millionaires out there too.

Viyamore

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Yes it's actually happen as the big time investors and big time earners as well as some of them are transacting on different things .most of that i think on some underground transactions .i am not surprise at all to saw that kind of big transactions cause i know anything would be possible as of now .

audaciousbeing

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Even me when I check the statistics on block chain I get to be surprised on how this large amount of Bitcoin moves and try to even convert it and I will be like wow this is a load shit of money but I think what we see is actually not storing but movement of money in thee sense that let's say a gambling site wants to pay big winners and they have to do manual approval at a time. The coins will have to be moved from their own wallet to these people then we see it. I Dont think they will be careless enough to keep such amount in online wallets than can say "we want to do upgrade and you can't have access to your funds".

Quote from: JB0011 on October 17, 2016, 05:13:00 PM

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).

Kakmakr

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There might be several reasons why people move huge amounts like this. One of those might be that exchanges or gambling sites are moving money to cold storage. These businesses receive large amounts of bitcoins every day, and it is better for them to move that kind of money to cold storage, to protect it from hackers.

Most bitcoins are stored in cold storage these days, and sometimes people take this stored funds and sweep it online to be paid out when large orders comes in or to pay out larger winnings or for whales to trade. ^smile^

shinratensei_

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Quote from: JB0011 on October 17, 2016, 05:13:00 PM

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).

That's right, the whales is always transacting a lot of the amount of btc.... a million dollar is always filling in exchanges..... and that is a final calculation from the 2493 transaction.....

AgentofCoin

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Quote from: JB0011 on October 17, 2016, 05:13:00 PM

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).

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.

JB0011

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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).

Topic: Do people really make millions of $ transactions? - page 4. (Read 2659 times)