Topic: Nearly $10 billion worth of BTC moved in just 15 minutes? - page 2. (Read 338 times)
that's a very large amount, fantastic .. if I have a bitcoin worth it, surely I will be able to buy everything I want .. !!
its not a user with that much funds.. its an exchange changing its cold wallet holdings
not newsworthy as it happen regularly. just usually done in 10k btc batches spread out
its not a exchange public market affector.. but more so of just background exchange admin
not newsworthy as it happen regularly. just usually done in 10k btc batches spread out
its not a exchange public market affector.. but more so of just background exchange admin
Most probably they are some investment funds. As a whale would not buy, sell or move a fund that large as that may bring on issues like investigation for money laundering. And people would not just keep moving their funds unless they are upto something. Either the coins are bought or sold. Or stored in a cold wallet for long term.
Could be some sort of fund, not sure why a single person would hold that much at an exchange. Or it belongs to Bittrex themselves.
I still can't get it why people always panic and post something here, will it really affect bitcoins movement? Moving that kind of huge money has never been a reason for a dump nor a pump in price. Maybe there are some occasions but it is just due to people overreacting on the situation. So what if someone moved millions of dollars?
For that scenario, we must have to take more patience before anything else might have happened. I don't think there's no such big deals on for dump or pump on btc price, because if these man who used to moved an asset just keep it and hold for longer period of time; I guess it won't cause huge market crash. Every person must have proper knowledge on what's going on, and don't just rely by speculations because it's not productive as we move towards our potential success in cryptocurrency.
Maybe they are preparing for the forthcoming bull run, this does happen, most times it tends to keep traders on alert. I suspect a conspiracy theorem to keep traders guessing and may not actually be related to any major event or knowing.
Fully agree with the previous post. If moving the market and BTC price would be that easy, we would all be millionaires. You just wait to see whale alert and react to it. It means nothing, at best it can force weak hands to dump and lose money.
I still can't get it why people always panic and post something here, will it really affect bitcoins movement? Moving that kind of huge money has never been a reason for a dump nor a pump in price. Maybe there are some occasions but it is just due to people overreacting on the situation. So what if someone moved millions of dollars?
no matter what speculations they can draw up from this huge transfer of btc, it clearly proves that transferring that great amount of money at a short period of time is very possible in crypto. and of course having a damage fee of small amount of money as tx fee. now compare it with regular remittance center or bank transfer?
how many days it would need to do such transaction and docs attached just to make it happen? clearly this btc tx is a living proof what crypto can do in the long run.. a real danger in the business of payment centers and banks!
how many days it would need to do such transaction and docs attached just to make it happen? clearly this btc tx is a living proof what crypto can do in the long run.. a real danger in the business of payment centers and banks!
Article says BTC being moved carelessly. I think the movement is intentional, for what purpose we don't know. Maybe he's testing something (but why the whole amount and not just 1 BTC at a time) and the addresses shown begin with 3, so they could be segwit wrapped addresses, or multisig or something else.
And how does this affect the market mate? It's time you folks stopped following these whale alerts and invest based on how much you can afford to lose. Leave the whales to play their own games and never invest looking at someone's asset. remember if bitcoin dumps to about $3k these guys would still be worth quite a sum.
One Twitter account has been picking up a bewildering number of Bitcoin transfers of $410M cycled through many wallets. The reason still remains a mystery.
Large transfers of Bitcoin are expected, but recent on-chain movements have been raising eyebrows. One large market player has been moving $410M between addresses, incessantly. In total, nearly $10B in BTC has been moved back-and-forth in just 15 minutes.
Read the full news here
Another one of many Bitcoin and crypto whale alert here!
For me, this is a such a huge amount worth of Bitcoin to be moved in another address in only 15 minutes. However, it's still a mystery whatever the reason is.
These whales are just fortunate enough to accumulate Bitcoin during the early times. Until now, I still regretted in doubting about investing in Bitcoin years ago.
Correct me if I'm wrong, but these whales know what they are doing. They are here for the long-term since they have enough BTCs in their arsenal, especially the next year's halving. However, I would not really count on halving's guarantee of BTC's price pump.
If it is linked logically it still makes sense because it has entered December which means the closing year. Large transfers of Bitcoin are expected, but recent on-chain movements have been raising eyebrows. One large market player has been moving $410M between addresses, incessantly. In total, nearly $10B in BTC has been moved back-and-forth in just 15 minutes.
Read the full news here
Another one of many Bitcoin and crypto whale alert here!
For me, this is a such a huge amount worth of Bitcoin to be moved in another address in only 15 minutes. However, it's still a mystery whatever the reason is.
These whales are just fortunate enough to accumulate Bitcoin during the early times. Until now, I still regretted in doubting about investing in Bitcoin years ago.
Correct me if I'm wrong, but these whales know what they are doing. They are here for the long-term since they have enough BTCs in their arsenal, especially the next year's halving. However, I would not really count on halving's guarantee of BTC's price pump.
Naturally, if there is a transaction of that size at the end of the year, whether it's a profit taking or funds that are deliberately used to pump the market.
I thought this quote from the article was funny:
I'm not sure how $410 million worth of bitcoin being moved between wallets signals anything. And that "some have been speculating" is a weaselly phrase in itself.
In addition the article seems to be saying that it's the same $410 million being moved over and over again, so it's not like $10 billion of bitcoin is in play. This is a weird happenstance but not newsworthy IMO. I do find it interesting when large amounts of bitcoin get moved, but not interesting enough to actually keep an eye on whalewatch, and this must have been a very slow news day indeed for beincrypto.com to be reporting on it.
Quote
Some have been speculating that it’s a tell-tale sign that the market is about the experience a downtrend.
I'm not sure how $410 million worth of bitcoin being moved between wallets signals anything. And that "some have been speculating" is a weaselly phrase in itself.
In addition the article seems to be saying that it's the same $410 million being moved over and over again, so it's not like $10 billion of bitcoin is in play. This is a weird happenstance but not newsworthy IMO. I do find it interesting when large amounts of bitcoin get moved, but not interesting enough to actually keep an eye on whalewatch, and this must have been a very slow news day indeed for beincrypto.com to be reporting on it.
One Twitter account has been picking up a bewildering number of Bitcoin transfers of $410M cycled through many wallets. The reason still remains a mystery.
Large transfers of Bitcoin are expected, but recent on-chain movements have been raising eyebrows. One large market player has been moving $410M between addresses, incessantly. In total, nearly $10B in BTC has been moved back-and-forth in just 15 minutes.
Read the full news here
Another one of many Bitcoin and crypto whale alert here!
For me, this is a such a huge amount worth of Bitcoin to be moved in another address in only 15 minutes. However, it's still a mystery whatever the reason is.
These whales are just fortunate enough to accumulate Bitcoin during the early times. Until now, I still regretted in doubting about investing in Bitcoin years ago.
Correct me if I'm wrong, but these whales know what they are doing. They are here for the long-term since they have enough BTCs in their arsenal, especially the next year's halving. However, I would not really count on halving's guarantee of BTC's price pump.
Large transfers of Bitcoin are expected, but recent on-chain movements have been raising eyebrows. One large market player has been moving $410M between addresses, incessantly. In total, nearly $10B in BTC has been moved back-and-forth in just 15 minutes.
Read the full news here
Another one of many Bitcoin and crypto whale alert here!
For me, this is a such a huge amount worth of Bitcoin to be moved in another address in only 15 minutes. However, it's still a mystery whatever the reason is.
These whales are just fortunate enough to accumulate Bitcoin during the early times. Until now, I still regretted in doubting about investing in Bitcoin years ago.
Correct me if I'm wrong, but these whales know what they are doing. They are here for the long-term since they have enough BTCs in their arsenal, especially the next year's halving. However, I would not really count on halving's guarantee of BTC's price pump.
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