Topic: OVER $18 MILLION DOLLARS OUT OF WALLETS IN ONE MONTH!!! (Read 5751 times)

^ LOL! I could care less if you sell, I have already sold, I will continue to sell whatever I mine & earn, and when you see bitcoin breaking 300 again you'll wish you would have listened sooner! NO WORRIES! You might have another chance to dump coins in the 250range... I doubt you would take it though since the decline all the way from $1,000 apparently wasn't convincing enough smh 

HIs point is that he is a moron and has no life other than to come here and keep posting anything he can to get people to sell. That will be all!

The selling price was probably over market price (looking at Draper's statement). They won't take losses by dumping their coins.

Nice dream!! This means the winners will now be dumping and shorting another 48K bitcoin that weren't able to be liquidated before... Now they can. And will.

Keep talking, filthy Bitcoiner, our drones are on the way

Shocking that this amount of BTC is stolen.

OH MY GOD, Draper only got 2000 btc and will have to start buying on the open market, which means the winning bids were above market price, otherwise he would call the winning bidder to rebuy them with a slight premium.

That's 50,000x380$=19,000,000$ NEW MONEY IN NEW WALLETS, DO YOUR DUE DILIGENCE AND BUY BITCOIN OR BECOME THE SAME SUCKER AS FEWCOINS.

YOU HAVE BEEN WARNED

lmfao

Ok well Tim Draper himself bought 2k of them at least... Who didn't see that coming???

I bet Tim Draper bought all the coins just to lower his price per each coin... & he will keep buying... and you fools will see it as strength lmfao

New money is still flowing out everyday man... calculate & be amazed. NOBODY but brokers and people trying to do a quick flip are buying! THE SAME PEOPLE KEEP BUYING!

Do your due diligence, it seems you don't understand bitcoin. Do your own homework and not believe trolltards.
LMFAO

wow this thread is like a troll petting zoo come here, feed it, be careful not to step in the trollshit scattered everywhere, be nice, remember it's not sentient so don't argue with it you will only make it angry

I will eventually stop buying, if there is nothing left to buy.  That's the beauty of a fixed supply.  Eventually they will run out.

We will wake up one of these mornings & the Chinese will have this thing sub 300 you will all keep denying & keep buying!
Good luck to all you perma bulls! Why ride the waves when you could just buy buy buy right???

^ Horribly put... Watch when you calculate these numbers in another month & by then hundreds of millions will be flowing out of bitcoin & you will still be in denial.
There is no hope for you! Good Luck!

*NyXEa, the current #1 holding address, receives the bulk of funds from *dsCqN
*dsCqN receives frequent deposits throughout Nov and early Dec '14 from *qFmW8
*qFmW8 is a confirmed Bitstamp owned address that was used in an audit almost exactly 1 year ago [Bitstamp's statement]



Really? You have proof of that?

From the time of your photo to the time of this writing, there are about;
74,000 more addresses $1+ USD
19,000 more addresses $100+ USD
7,000 more addresses $1,000+ USD
700 more addresses $10,000+ USD



No, you didn't show anything except a photo of a screen that gives the quantities of addresses in broad ranges that couldn't possibly be used to derive any meaningfully precise conclusions.

You've provided nothing. You fail to understand what you talk about and you are a waste of time. I leave you with this.

http://i1.kym-cdn.com/entries/icons/original/000/000/185/nickcage.jpeg

MtGox?

Wow really? You have proof of that??? Like the way you know all the 10K BTC wallets are different people right? LMFAO! Nice joke.



Great! Less people (less wallets) doing more transactions! WOW! Not to mention they're mostly bullshit faucet, gambling and pay per click transactions.

Bitcoin technology will be used in other technologies that cost way less to produce! Technology always evolves and new companies take ideas and run with them! Bitcoin has no protection or capital or CEO or anything to respond to these major threats! They can FORK anything they want but it doesn't change the flawed mining that is needed to run this sytem! This is serious! Many calculations have been done to prove this is not sustainable! Wake up people!!

The wallet belongs to the world's biggest bitcoin exchange, not one person but hundreds of thousands.

New ATH of Bitcoin transactions, much more important than youre junk opinions and current price.

https://i.imgur.com/Sp0R6NE.png

And the short selling has begun...

It keeps moving wallets but it is the same owners... Imagine how many other 10K BTC wallets they have! There's plenty of them just look. I showed my calculation & exact figures with the picture from one month ago. Why does nobody do their own research or due diligence? This is sad. 

Since everyone here seems to be misunderstanding what you're trying to explain, try showing your calculations and backup your claim with specific figures.

btw; the richest bitcoin address didn't just go from 1.2% to 1.6%, it was a new address that received the 1.6% on the same day of its creation. If you follow the transaction that funded that address, you'll find that the funds almost assuredly belong to Bitstamp. The same bitcoin was moved about 1 year ago with Bitstamp claiming it to have been an audit.

Play nice, children!

LMFAO, where you stupid enough to buy bitcoins? Didn't you know that 18$ million was going to dissapear from WALLETS?

Oh my, lmfao, what a noobie you are  


PS: instead of lyfao so much, perhaps try and explain what you are saying, so that NORMAL people understand what you are saying instead of only the braindead.

You're dumb as rocks lmfao... Market cap is far from what we are talking about here. Market cap is how many coins in existence X the current exchange rate which is a suckers way to calculate in the Bitcoin market because exchange rate is very very far from actual price. We are calculating the amount of bitcoins in all wallets and putting it into the same dollar terms as a month ago, Why do people keep talking about a lower exchange rate being the cause of this?


Nobody forgot the wallets under $1... Maybe you idiots did but I calculated ALL the amounts in ALL the wallets.
WTF keeps getting so hard to understand about that???
CALCULATE IT YOURSELF & GET BACK TO ME INSTEAD OF TYPING SHIT YOU KNOW NOTHING ABOUT!
You guys keep talking about market cap sounding like complete idiots... Market cap is coins in existence X the current exchange rate! How can you rely on that when exchanges and institutions are trading to each other for profits and them + bots are keeping the price "stable" until they do major dumps/shorting like today with the nice dip down to 375 randomly. It's due to a huge short position that keeps opening at this level from probably the same group of people with massive amounts of money but hey you idiot nerds with computers must be much more correct them then lmfao.

You are officialy retarded when you said money can only flow into bitcoin lmfaooooooo
Just because they can't be destroyed??? lmfao!!!

Do you know what's in it for me??? Getting out while I can when I already made a nice profit in bitcoin which I am sure many on here have too.
My only wish is I would have cashed out near 800 like I was planning but my faith in this system created by scammers and crooks made me hold...
I am trying to save people money.
People who are thinking about buying into bitcoin will think twice after they read these & the many other truthful threads.
That is important.
To save our fellow man pain when you should all know better.

… and yes, the money is flowing into Bitcoin Companies, ie. into the Bitcoin economy.

OP idiot, you also mention that this has never happened before in the history of Bitcoin.  Go do your same "calculations" for this week of 2013 and you'll be shocked at just how many "dollars left bitcoin" that week … market cap dropped a few billion dollars that week.

Not only did you forget all wallets under $1, you forgot the EXCHANGE RATE.

You added up all btc in wallets X exchange rate THEN = your figure from a month ago

Now you "re-added" up all btc in wallets X exchange rate NOW = your figure from time of posting this

Of course there is 18 million dollars less, we are at a lower exchange rate now than then.


If all the ask on the exchanges moved up $100 and someone bought 1 bitcoin up to $480, and you did your math again, would you come here yelling that bitcoin is going to the moon and 13.5 million btc X the $100 raise just flowed into bitcoin? Thats not how it works! This is what you are saying, but the other way around!

I don't think you understand what market cap is. I also don't think you understand that money doesn't flow out of bitcoin. Bitcoins do not get destroyed, they are sold to someone for a price. So every dollar out has to have a dollar in. Thats what the word EXCHANGE means. When people spend coins with merchants, those coins are then sold to someone who gives the merchants dollars, and that person now owns coins. No money has left the system. Technically in bitcoin, there is only money IN. Which is miners adding to the total number of bitcoins. Yes it costs to make these coins, with electricity and equipment, but the exchange rate more than covers this.

Why are you so atiment about trying to convey this idea you have that clearly makes no sense? What is in it for you? Are you trying to get people to sell so you can get cheaper coins? Or do you just like to ramble nonsense? Thats all I've seen you do since you've joined this forum.

No, I'm not an "idiot" you little cunt.  You're the idiot for actually "calculating" this by using another cunt's web page telling you dollar values of wallets (did you even bother to check how that cunt calculated those) and reversing everything to his starting point that basically included 1. number of coins in circulation and 2. USD/BTC rate.  Just look at market cap, which is what you're trying to get back to in any case.  On top of this you've gone and fucked up your calculations in any case, as market cap did not drop by $18mm during the week in question.

When smart money accumulates, it's very bullish.

Just check http://ondn.net:800/topamount, coins are still centralizing, means large whales are still accumulating more coins

And the bitcoin exchange rate only reflect the coins in circulation, lots of coins are just lost or hoarded forever. If there is only one coin for sell today and there is 1 million dollar to buy, then that coin will worth 1 million dollar, but not the rest of the coins

Look up the term "market cap".  Save yourself some effort in recreating the wheel.  BTW, you left out wallets worth less than 1 USD.  So your results are not valid.

You're an idiot... Money is flowing into bitcoin COMPANIES! Not into buying bitcoin directly. There is a huge difference, no actual dollars are coming into bitcoin, in one month $18mil dollars worth actually left. I am calculating this in dollars because bitcoins can't actually leave or vanish at all but if the value of ALL wallets combined continue to be less when each coin is calculated at the same rate (value) then you can tell holders are selling more and more every month what would that mean to you. The fact that the number 1 bitcoiner went from 1.2% to 1.6% in a day means nothing to you? If owns all those wallets that have 10k btc in them exactly then how centralized is this economy??

This is a fraud. You are all being robbed. Wake up now!

WTF are you on about.  There are NO "actual dollars" in any bitcoin wallet.  Wallets have bitcoin balances, NOT dollar balances.

So, since you've managed to include "all" wallets, tell me, how many actual dollars do I have in my wallets?  I have never even touched a dollar bill in my life.

Bitcoin's market cap is sometimes given a USD value, which is affected by two factors only: the amount of bitcoin in existence and the USD/BTC exchange rate.  No movement between wallets affects this market cap, a value which also does not have that much meaning.  The fact that a certain amount of bitcoin was just traded on an exchange at a rate of $382/bitcoin does not necessarily mean that every bitcoin in existance had a sudden shift in value.

Currently, money is flowing INTO the Bitcoin economy.  Money is spent on mining hardware and electricity and VC money is creating new infrastructure and expertise in the Bitcoin economy.

wow lmfao how can you still not get it??? THIS IS ADDING UP ALL THE WALLETS OWNED BY EVERYONE EVERYWHERE!

The movement's from address y to address x will not cause this calculation to move. $18mil is missing from bitcoin economy in total! Meaning address x to USD!!! Meaning it is gone from bitcoin. What is so hard to understand about that??? You are talking about the brackets because you are dumbs as rocks. I am talking about adding all the wallets in existence together, why is that so hard to understand? CEX,IO wallet + mining farms wallets + Tim Draper's wallet + everyone in fucking bitcoin.

There is now $18mil actual dollars less in ALL bitcoin wallets than one month ago.
The top owner went from 1.2% to 1.6% ownership in 1 day. God knows how many other wallets he own's too. Wake up people!!! You will be sorry if you keep buying!!!

What a weird little echo chamber

How is bitcoin ever "cashed out" of the bitcoin economy? The bitcoins are still there, if anything they have just moved from address x to address y. What does this mean? Well we can only speculate. It could simply mean that the bit-poor are selling their bitcoins TO the bit-rich and the bit-rich are just accumulating more coins.

It could also be that some of these large address are exchanges such as Bitstamp, OKCoin, Huobi, coinbase* etc and that more people are moving their coins to exchanges to trade.

If you are looking at just the fiat amount of bitcoin decreasing that could simply be from the current bitcoin price decline. For example if I own 3 bitcoins currently I would have >1000USD and I would fit in the >$1000 USD bracket. Now if bitcoin price hits $300, now I'm moved down to the >$100 bracket and if you add all of the affected people up there would appear to be less USD in each bracket when really no bitcoin movement has occurred at all (I still have my 3 bitcoins).

There are  many other possibilities as well, but you cannot simply look at how many people fall into USD brackets and state that $18 million USD of bitcoin was "cashed out" of the system.

There is so much wrong with this statement. I think it is you that has the calculations wrong...

so what youre saying is the many people rich with bitcoin are buying christmas presents. shocker.

You guys still don't get it!...
This link https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html has a bar of addresses richer than ___ above the first richest bitcoin owner.
Right now the calculation is

Addresses richer than

1 USD = 1,627,260

100 USD = 509,811

1,000 USD = 204,723

10,000 USD = 74,044

WHICH IS A HUGE JUMP FROM ONE MONTH AGO (shown in the picture on page one of this thread)
When you add up the amounts you will see that ALL THE BITCOIN IN ALL WALLETS EVERYWHERE are $18mil dollars LESS than a month ago meaning over $18mil was completely cashed out & not returning back to bitcoin! Open your eyes people this has never happened on such a massive scale before. Watch what happens when I come back to these numbers in another month & you guys are still in denial! You idiots could get hit by a brick & not even know it, smfh!

Since I wrote this article the richest bitcoiner went from 1.2% ownership to 1.6% ownership in ONE FUCKING DAY... Open you fucking eyes people before all your money is gone.

I'm a trader on a popular p2p exchange  - my average release time is under 1 minute. Basically as soon as a client pays me I send over their BTC.

Are you seriously gonna blame BTC for how long it takes a bank wire + exchange processing time to credit your account?

How much did it take for you to exchange your fiat into BTC tho? you are omiting that part.

OP, you fool. Bitcoin is very much like the iphone, and is introducing the world to cryptocurrencies, like the iPhone introduced the world to smart phones.

At first critics scoffed, but then everyone wanted one. We now have an incredible opportunity to buy bitcoin before the rest of the world realizes how awesome it is. Within one year, a bitcoin will be worth $10,000. That's a riiiising guarantee.

I realized this when I bought my TV on newegg and the transaction only took 20 seconds. All I had to do was send my payment to their custom QR code, after entering my name and address. With a credit card, it would have taken at least 30 seconds.

What link, and does the total value of all transaction outputs include coins that were returned to the sender as change? There are block explorers that include change returned in their output statistics.

Seriously?? The picture is posted and so is the link, just calculate yourself! Nobody here does their own due diligence, it's sad

A 'few huge institutions' buying and selling to each other is not an effective way for each of them to turn a profit.

You sound very much like the folks in early 2011, throughout 2012, early 2013 and still those in the Fall of 2013. They have all cited various reasons for the imminent doom of bitcoin, but the one thing they did have in common was an outlook that failed to materialize.

The evidence you've provided is hardly a compelling reason to suggest the collapse of bitcoin, and particularly not in the face of other factors that counter such a 'revelation'.

Best of luck to you too, filthy Bitcoiner.



You'll need it

I'm really getting bored with you repeating the same old shit. Just try harder, learn some new words... hey whatever, but don't stay the same boring troll.

Greetings and best of luck in your future trolling attempts.

Your Wall st. friend panhandles under the New York Stock Exchange.  He does not own a computer

Can you post a link to information that verifies your figures?

Yes but this can be some large corp that just sends money back and forth between accounts

Don't see the reason for this thread

Consider this case closed.

18millon $ gone from wallets, market cap has gone up, conclusion, we need more dollars gone from wallets. Ask Wall St. friend for advice on how to steal more money.

Ahhh, now I understand, I do that same thing every time I visit my Wall St. friend, taking random pictures of PC monitors for archival reasons AND AS PROOF for my stupid trolling.

The computer in question belonged to Mr. Fewcoins' colleague, as previously stated by Mr. Fewcoins.
Asking for a screen capture would have been an imposition and a breach of etiquette.

You, on the other hand, would have likely reached right over with your grubby hands and started poking away with your filthy fingers without even bothering to ask, uncouth as you are

Yes

5.2 billion + another 1.2 billion, will eventually be -18 million/month. Just basic math, Or is it?
Now if we double that and 36 million goes out of the wallets, btc will be back to 1000$/btc.

Simple, retard math. Complex market workings and so on.....

Where is this proof? Did you take a picture of it?

You are officially retarded please leave and stop spamming my thread when you know nothing about markets as I have already proved

NONE RETARD! No matter how much went in the loss of money in bitcoin was a over $18mil loss in one month alone

He doesn't know... his camera broke, so he can't take pictures of his screen anymore. Perhaps ask the huge institutions or his Wall St friend.

Only money going out of wallets, that's why market cap goes up, highly complex thing with bid and ask. Or so he says.

Thank god, we have you to warn us all, with your "take picture of pc screen" capabilities.

How many millions of dollars went into wallets in one month?

Few coins but a lot of opinion  

Dude what you don't realize is bitcoin will be nothing BUT a bear market now that the first major pop was already initiated to $1,200... This gives you fools enough confidence that it might go that high again. That's all that's needed along with short few hour bull runs that are quickly smashed due to the overflow of coins waiting to be sold at a higher price. You perma bulls are fools!

No.  That's when most bears did some serious dumping.
Enjoy your bag of bear shit.
Can I see you hanky for a sec, need to wipe

What's really funny... a few early retail computer crypto nerds, are being called "huge institutions" now.

 

He didn't know that, because all the bears believe that bitcoin was born in december 2013 at 1200$/btc.

Why didn't you take a picture of your TV, you'll get bigger pictures that way...  

You do realize that bitcoin had a bear market from mid 2011 to mid 2013?

This was a picture I took for myself randomly when my friend on wall st. showed me this list... I never knew money would keep flowing out so fast so I now calculate all the wallets every month, watch what happens lol I really don't care if you don't listen! Many people will listen & us retail investors will save millions collectively but not falling for another scam. You're welcome. I accept differed thank you's later

You just made my day, this is some funny stuff  Perhaps tell us 1 more time, but VERY SLOOOOOOOW.

Indeed, fewcoins is butthurt.

CONFIRMED

^Major butthurt confirmed.  

Um Ok think about this... Even at the current rate $1.4mil in BTC is mined DAILY! It cost half a million per day ($500,000) in electricity just to create that "value"... Market price means nothing these are now a few huge institutions controlling the price constantly buying and selling to each other for profits (hence the massive sideways trading then organized dumps) Everyone retail is holding this now as speculation for $1,000 per coin but they don't understand that will make the market cap over $14 Billion dollars and we can barely hold on to $5mil market cap LOL! All this talk is hilarious blabber by people who can't calculate. The dumbest governments in the world are printing cheaper money!

Great, another troll joining for dinner, just as clueless as fewcoins with an obsession for pictures. 

  Says the guy taking a picture of his PC monitor using a camera. A real brainiac...

Is someone a little upset?

He thinks that 18$ million is a lot of money, because 18>5.2

  What a looser

Lmfao you officially have no clue what bid & ask price is & you have no idea's how markets work... Please leave this thread, thanks

Yes, we understand this

What we don't understand is what's so significant about it?

Cut your loose  

Your stupid picture doesn't show anything usefull, you dildo. Try to make a SCREENSHOT next time, it really is very EASY. YES EAAASSSYYYYY.

What's wrong with a few million dollars out of the hands of a few into the hands of many? NOTHING, how can you not understand this!!!!!!!!!!!!!!!!


OHHHH I KNOW, you are just TROLLLLLING. Mr poor fewcoins.

wow you guys really don't understand what to look for in a market! Im sorry, let me break it down...

The total dollar amount of bitcoin that is being held in ALL wallets right now is $18mil dollars LESS than what this same site is reporting a month ago. Take yourself to https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html and add up all the wallets then look at the picture I took one month ago and add that up! One month ago there was $18mil more dollars in bitcoin wallets. IN ALL WALLETS! Exchange massive wallets, huge holders, venture capitalist, everyone together is now $18mil less than a month ago. WTF is so hard to understand about that??

Why is it so hard to understand the exchange prices right now are being manipulated to same around the same level and slowly decrease to extract money from the unknowing daily. Open your eyes. Im whistle blowing here because people are poised to lose millions form a cleverly crafted scheme created by a few to benefit a few and rip off many.  

I dont get it, what does top #1 owner got to do with "get out while you can".

*yawn*

just from one's A wallet to his B wallet so

His point is that he's piss poor and can't afford to buy 1 BTC at the current price of 382.22$.
So he's trying desperately to talk BTC prices down by spreading FUD.
The only thing he didn't realize was that he's the dumb kid in the room and that nobody is listening.

OVER $18 MILLION DOLLARS OUT OF WALLETS IN ONE MONTH!!! AND 25 NEW BTC CREATED EVERY 10 MINUTES
yet we are still higher than 1 month ago


What does that tell you? Something that fewcoins is unable to comprehend.

I don't... understand... what your point is.

ummm... $18mil US dollars is out of bitcoin in one month go look at the rich list RIGHT NOW then look at this picture!

I finally found with a date on it, I don't know why most of the people on here are in such denial about these things... The jig is up man, Millions flowing out of bitcoin everyday and millions of dollars worth of coins being produced more and more to inflate the system and once again steal from the retail investor. Good luck to all!

You're saying that $18mills out of what, $2 billion or something, that have changed addresses or whatever is worrying to the bitcoin protocol?

Cause you sure do make it seem like it's all over.

Cmon, you're to one who wrote this
and you can't come up with some better and more creative FUD?

https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

I just calculated all the wallets compared to a few weeks ago and was shocked! Went back to calculate the total sum a month ago and it was staggering!!! The top #1 owner is SHOCKING!Over 1.29% even at this stage in the game and nobody can get near. Do your research guys. Get out while you can!