Nearly $10 billion worth of BTC moved in just 15 minutes?

daarul50

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Quote from: posi on December 08, 2019, 11:33:31 AM

Quote from: daarul50 on December 07, 2019, 11:29:40 AM

Quote from: kryptqnick on December 07, 2019, 10:21:47 AM

I also assumed it was an exchange or another sort of company changing wallets to ensure the security or something like that, but since you're claiming it's Bittrex, proof would be nice. Anyway, I've googled it and I think I've found it, so I'm attaching it here: https://cointelegraph.com/news/almost-9-billion-of-bitcoin-moved-on-chain-in-1-hour-record.
I don't think that whale alert makes sense, most of the time it turns out to be a technical operation... I don't even believe that there are 'whales' that can manipulate the market significantly, it's just a chain reaction with separate entities most of the time we see the price changing.

I'd be scared if it was a personal holding Shocked

$10 billion it must be corporate funds. satoshi himself own 1 million bitcoin worth 7.523.610.000 around 7.5 billion , who else holding more than 1 million bitcoin? i don't think anybody does have it in their personal wallet.
this is just an ordinary funds transfer , end of story.
some people taking advantage on this by linking to how the fund prepared for market dump, that is just random.

It definitely can't be a personal holding but the topic used by the OP is misleading cause after i go through the transaction and the Bitcoin sent to the address mentioned was ~ $414Million not $10Billion. However, the coins could belong to the exchange in subject .

That is what i mean , this kind sentiment always been exaggerated.

when the original article says it was $414million approx but then someone quoted it in the wrong way -intentionally or not that will not make any difference- as the sentiment like this very easy to spread mouth by mouth.
and guess what next happened? let the chaos begin, the FUD start to pop up in the main discussion.

yeah sometimes this used for making FUD, often. i get used to this and pretty simple to deal with it, ignore any of these news & speculations .
it has zero value but an entertainment to see that outstanding numbers being discussed.

SaShiRaJaVu

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Quote from: teosanru on December 08, 2019, 11:40:05 AM

All people with their Cryptocurrency holdings get bewildered with just one big whale moving their money. This is because everyone knows how easily this market can be manipulated. I think this is a very big threat to this economy as this makes people dubious about it's future if it can be manipulated so easily.

If you are an investor and if you see a huge volume of bitcoin moved to an exchange wallet then you will panic as a the market will move down if they are planning to dump the coins in the market and there will be panic to take positions so that they will not loose their money and will plan on entering at a later time when the market settles down, but i a have not seen any difference in the market after this news was published Undecided

.

boris2470

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Quote from: veleten on December 07, 2019, 09:36:42 AM

stop following the whale alerts and reading this sort of articles
could be Binance or any other exchange moving their storages , nothing really spectacular has happened
it happens every now and then and it is a clear sign that thews outlet has nothing to write about
big amounts moved , what the price will be next xxx days = the journalists are running out of ideas Grin

FUD is the best that journalists can do. Making a mountain out of molehill, media is catching on, and some stupid readers are going impressed by the headlines, create a panic on the net. Especially when it comes to crypto! I always laugh with people who can’t filter the news.

teosanru

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Quote from: cheezcarls on December 06, 2019, 01:41:36 PM

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.

I think this is really weird and makes the market looks so bad
All people with their Cryptocurrency holdings get bewildered with just one big whale moving their money. This is because everyone knows how easily this market can be manipulated. I think this is a very big threat to this economy as this makes people dubious about it's future if it can be manipulated so easily.

posi

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Quote from: daarul50 on December 07, 2019, 11:29:40 AM

Quote from: kryptqnick on December 07, 2019, 10:21:47 AM

I also assumed it was an exchange or another sort of company changing wallets to ensure the security or something like that, but since you're claiming it's Bittrex, proof would be nice. Anyway, I've googled it and I think I've found it, so I'm attaching it here: https://cointelegraph.com/news/almost-9-billion-of-bitcoin-moved-on-chain-in-1-hour-record.
I don't think that whale alert makes sense, most of the time it turns out to be a technical operation... I don't even believe that there are 'whales' that can manipulate the market significantly, it's just a chain reaction with separate entities most of the time we see the price changing.

I'd be scared if it was a personal holding Shocked

$10 billion it must be corporate funds. satoshi himself own 1 million bitcoin worth 7.523.610.000 around 7.5 billion , who else holding more than 1 million bitcoin? i don't think anybody does have it in their personal wallet.
this is just an ordinary funds transfer , end of story.
some people taking advantage on this by linking to how the fund prepared for market dump, that is just random.

It definitely can't be a personal holding but the topic used by the OP is misleading cause after i go through the transaction and the Bitcoin sent to the address mentioned was ~ $414Million not $10Billion. However, the coins could belong to the exchange in subject .

daarul50

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Quote from: kryptqnick on December 07, 2019, 10:21:47 AM

I also assumed it was an exchange or another sort of company changing wallets to ensure the security or something like that, but since you're claiming it's Bittrex, proof would be nice. Anyway, I've googled it and I think I've found it, so I'm attaching it here: https://cointelegraph.com/news/almost-9-billion-of-bitcoin-moved-on-chain-in-1-hour-record.
I don't think that whale alert makes sense, most of the time it turns out to be a technical operation... I don't even believe that there are 'whales' that can manipulate the market significantly, it's just a chain reaction with separate entities most of the time we see the price changing.

I'd be scared if it was a personal holding Shocked

$10 billion it must be corporate funds. satoshi himself own 1 million bitcoin worth 7.523.610.000 around 7.5 billion , who else holding more than 1 million bitcoin? i don't think anybody does have it in their personal wallet.
this is just an ordinary funds transfer , end of story.
some people taking advantage on this by linking to how the fund prepared for market dump, that is just random.

BChydro

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Quote from: cheezcarls on December 06, 2019, 01:41:36 PM

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.

When i saw the news about billions of dollars worth of bitcoin moved i was expecting the market to go down as that was the default reaction from the market as everyone will be expecting them to be dumped in the market but instead of the market going down the market started to recover Undecided

.
There is no point in regretting about the past actions each and every investor in the market will regret for not investing in the market when i started Grin

, invest now and look for the future Kiss

.

kryptqnick

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Quote from: ?? on ??

Quote from: alyssa85 on December 07, 2019, 05:39:31 AM

Quote from: cheezcarls on December 06, 2019, 01:41:36 PM

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.

It's likely not a whale but an exchange consolidating it's accounts. If they have a lot of dust they will move it to consolidate it into fewer addresses.

Most bitcoins are held at the major exchanges rather than in whales wallets.

It was an exchange, it was Bittrex. I did make me think though, since all of these wallets were hot for a period. I could only imagine what could happen to the market if there was a hack that big, it would be devastating.

I also assumed it was an exchange or another sort of company changing wallets to ensure the security or something like that, but since you're claiming it's Bittrex, proof would be nice. Anyway, I've googled it and I think I've found it, so I'm attaching it here: https://cointelegraph.com/news/almost-9-billion-of-bitcoin-moved-on-chain-in-1-hour-record.
I don't think that whale alert makes sense, most of the time it turns out to be a technical operation... I don't even believe that there are 'whales' that can manipulate the market significantly, it's just a chain reaction with separate entities most of the time we see the price changing.

Edraket31

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These are just one way of whales for us to be threatened and for us to be panic thinking that they are selling all their Bitcoins and Bitcoin will go down, let's not follow them and let's just enjoy having Bitcoin, as this is just one of their ways for them to buy more Bitcoins once people started panicking and selling at loss, so let's be vigilant and not manipulated by the moves of whales.

veleten

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stop following the whale alerts and reading this sort of articles
could be Binance or any other exchange moving their storages , nothing really spectacular has happened
it happens every now and then and it is a clear sign that thews outlet has nothing to write about
big amounts moved , what the price will be next xxx days = the journalists are running out of ideas Grin

adzino

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Quote from: blckhawk on December 07, 2019, 09:25:22 AM

As the article already stated, not much really seem to care about this phenomena. It's just maybe a whale trying to confuse such whale alerts and just kidding around, though he must have some guts moving such huge amounts on new addresses. Either the reason might be, the prices isn't affected contrary to what other people might think.

True such moving does happen a lot, but not quite sure what you are really trying to say over here. Why would someone be kidding with huge sum of money and coins? They are serious people and I think no sane person would be "kidding" with their financial assets!
What does moving coins have to do with "bravery". Are you implying that they might have lost their coins while moving them? LOL.

blckhawk

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As the article already stated, not much really seem to care about this phenomena. It's just maybe a whale trying to confuse such whale alerts and just kidding around, though he must have some guts moving such huge amounts on new addresses. Either the reason might be, the prices isn't affected contrary to what other people might think.

Wintersoldier

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Quote from: Wysi on December 07, 2019, 06:50:43 AM

Quote from: blandana on December 07, 2019, 05:47:59 AM

obviously important information but like most responses indicate a downtrend cannot be confirmed simply because of this transaction.

It could be unnecessary though, there's no way to tell. It could just be trying to get attention or could even be someone who is just bored.

Hard to tell.

Yes we cannot identify the exact value even if the claim is true and moreover this might be just a tactic to further manipulate the bitcoin market as most of the users are only dependent on bitcoin nowadays due to the upcoming halving and any such news would send a strong message to the community to turn the tides.

With regards to moving that huge amount of bitcoin in the market just for doing it to catch attention is quite not a good possible reason. Why? because moving certain amounts of bitcoin do really matters for the transaction fees that it have. More bitcoin amount, more transaction fee, and no people would want to waste a huge amount of trans fee just for that. I highly believe that a newly created exchange has been launched and they need to fill their liquidity pool so they transfer that huge amount of Bitcoin.

worle1bm

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Quote from: cheezcarls on December 06, 2019, 01:41:36 PM

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.

Its already the last quater of this year and prices have not shown much movements and seems to be struggling to rise and this news will not affect the market as moving huge amounts of fund in btc is not so big thing but sometimes whales try to manipulate the prices by creating these type of market awareness intentionally to increase the investments and gain profits or try to dump btc so as to invest at lower prices so don't give much attention to such topics and use your mind in this crypto market if you want to survive for long period.

Wysi

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Quote from: blandana on December 07, 2019, 05:47:59 AM

obviously important information but like most responses indicate a downtrend cannot be confirmed simply because of this transaction.

It could be unnecessary though, there's no way to tell. It could just be trying to get attention or could even be someone who is just bored.

Hard to tell.

Yes we cannot identify the exact value even if the claim is true and moreover this might be just a tactic to further manipulate the bitcoin market as most of the users are only dependent on bitcoin nowadays due to the upcoming halving and any such news would send a strong message to the community to turn the tides.

chaoscoinz

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Quote from: cheezcarls on December 06, 2019, 01:41:36 PM

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.

The really scary part is this, what if these whales suddenly decided to all cash out one day? What would happen to the market volatility? Just a little transaction and people fly into Fear, Uncertainty and doubt. I think that the whales know that they play an influential share in the market price movements. Bitcoin may be decentralized but a few early birds still control a lion's share of Bitcoin. This is why the early bird catches his worm, imagine investing when bitcoin was worth a few cents? You too would be considered a whale at this point.

carlisle1

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Quote from: joinfree on December 06, 2019, 03:00:48 PM

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.

supporting this one and to Op?would you please stop putting this kind of issues inside the forum?you are only making those whale actions to become FUD.

Such kind of actions are normal from years before but youn are just exaggerating just to have another Post.mind if you try to just let the good topics enter our forum?
instead of creating post like this?why not encourage people here to use this advantage to buy Bitcoin as the price is falling effect?

blandana

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obviously important information but like most responses indicate a downtrend cannot be confirmed simply because of this transaction.

It could be unnecessary though, there's no way to tell. It could just be trying to get attention or could even be someone who is just bored.

Hard to tell.

alyssa85

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Quote from: cheezcarls on December 06, 2019, 01:41:36 PM

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.

It's likely not a whale but an exchange consolidating it's accounts. If they have a lot of dust they will move it to consolidate it into fewer addresses.

Most bitcoins are held at the major exchanges rather than in whales wallets.

Yaunfitda

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I don't think it's a mystery at all, if you have such huge funds, its better to move it around or even break it up to smaller units for safety and security reasons.

However, I don't know what he need to highlight this kind of movement. Whales, exchanges or even casual joes can do it. So for me this is just a rubbish articles, or what we say here in crypto, another click-bait.

diahsw

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that's a very large amount, fantastic .. if I have a bitcoin worth it, surely I will be able to buy everything I want .. !! Grin

franky1

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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

tsaroz

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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.

malevolent

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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.

AliMan

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Quote from: Astvile on December 06, 2019, 04:33:31 PM

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.

betty11

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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.

Oni Trading

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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.

Astvile

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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?

AmoreJaz

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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!

Dabs

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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.

joinfree

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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.

bitvalak

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Quote from: cheezcarls on December 06, 2019, 01:41:36 PM

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.
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.

The Sceptical Chymist

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I thought this quote from the article was funny:

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.

cheezcarls

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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.

Topic: Nearly $10 billion worth of BTC moved in just 15 minutes? (Read 364 times)