Old coins on the move - page 2. | Bitcointalksearch.org

MatTheCat

hero member

Activity: 840

Merit: 1000

Quote from: Amph on January 25, 2016, 03:21:28 AM

i don't think that they are dumping, why dumping now when the value is recovering, and thus coins already seen the 1200 ath, i think they will wait untill that point is reached again before even thinking to dump their stash

Well then Amph the Optimistic Sheep...

Lets have a little look at the different spikes in BTC movement (anything over 15K), and what the market done around or after those times.....

Prior to 10th August...we had the Log average give 21K days destroyed........August 14th, Bitcoin flash crashes down to $162 on Finex.

Just after 24th August, a double spike, Bitcoin corrects from $230 down to $195 on Finex.

Around 10th September, a spike of 16K days destroyed...market remains 'flat' albeit trending down over the following few days.

Next big movement was on 2nd Nov, around 20K days destroyed...on 4th November, market tanks from $500 - $380

Then on the 9th Nov, another big movement of BTC around 23K this time......10th November, market tanks from $380 - $300

10th Jan Huge movement of BTC 47K.......12th Jan, market tanks from $450, bottoming out at $350

and now.....on the 25th Jan, another 47K Days Destroyed spike.......

.......and Amph says 'Nothing to Worry About'.

LOL!

Amph...the gift that keeps on giving!

gentlemand

legendary

Activity: 2604

Merit: 3056

Welt Am Draht

Who cares? Maybe they're not allowed to cold store in grandma's pussy any more, maybe they accidentally flashed private keys while jerking off on Skype at the local priest. No one's business but theirs. The only movement worth observation would be Satoshi's coins.

coinzat

sr. member

Activity: 434

Merit: 250

Young but I'm not that bold

Quote from: justspare on January 25, 2016, 04:43:47 AM

I doubt that they are selling their coins, they are probably just moving their coins from 1 account to another.

I agree with you that no one is selling this big quantity in one time, because dumping them in one block is a big lose for the owner, If s/he wants to sell them s/he would sell them in small quantities in several days so s/he will not affect the price in a bad way

justspare

hero member

Activity: 1022

Merit: 538

I doubt that they are selling their coins, they are probably just moving their coins from 1 account to another.

1Referee

legendary

Activity: 2170

Merit: 1427

If these coins were really moved out of their old wallets to be dumped, then I would suspect the exchanges to let the price crash significantly before these coins post. Some exchanges have a hidden agenda and do insider trading. I think it's more likely that it is a large mining pool. Only they have that much coins. Or perhaps an exchange that is spreading their cold wallet coins. Other than that no one else has this many coins.

Amph

legendary

Activity: 3248

Merit: 1070

i don't think that they are dumping, why dumping now when the value is recovering, and thus coins already seen the 1200 ath, i think they will wait untill that point is reached again before even thinking to dump their stash

NorrisK

legendary

Activity: 1946

Merit: 1007

Cold storage movement are very likely. There were some posts last week of 300,000+ bitcoin transactions.

If those coins had been there for a while, they would easily reach those amounts of coin days.

monsanto

legendary

Activity: 1241

Merit: 1005

..like bright metal on a sullen ground.

if you filter days destroyed for only those coins with a minimum age of one year, it looks like a lot of old coins moved recently:

https://blockchain.info/charts/bitcoin-days-destroyed-min-year?timespan=180days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

An exchange accessing a cold wallet or someone preparing to dump perhaps Huh

Topic: Old coins on the move - page 2. (Read 1881 times)