Someone just bought 12000 Bitcoin on coinbase wonder why? - page 2.

Lorence.xD

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Quote from: vintages on April 07, 2021, 06:55:49 PM

I don't know but am I the only one who feel weired when people keeps monitoring who makes a certain purchase of Bitcoin from an exchange or so?

I mean, is Investing in Bitcoin making use seems to disrespect people's privacy and boundaries?

Last time I check, when people send a certain huge amount of USD to their account, many people don't monitor them like this.

Of course they are going to be curious, the amount that was bought is not something to scoff at, how did they disrespect the privacy when they didn't know who was behind the purchase? To answer OPs question as to why that someone has bought 12 thousand bitcoin is because they have the money to do so, as simple as that.

vintages

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I don't know but am I the only one who feel weired when people keeps monitoring who makes a certain purchase of Bitcoin from an exchange or so?

I mean, is Investing in Bitcoin making use seems to disrespect people's privacy and boundaries?

Last time I check, when people send a certain huge amount of USD to their account, many people don't monitor them like this.

iTradeChips

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Quote from: nikolastech on April 07, 2021, 04:51:39 PM

goldman sacks is my guess they bought at 58000, don't think they like to lose money Wink

Geez, that would take a long long time of waiting if they want to earn anything from this. Basically all we want to do is trade and somehow earn on all of this but if you bought bitcoins that expensive then it will take a lot of waiting before you can actually be able to get a profit from this. Times 3 for this would be more than $160,000 per Bitcoin and I think that will only happen possibly by 2030. I don't know if they have 10 years to wait for their profit.

jerrison

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People have seen the importance of Bitcoin and therefore cannot have the luxury of staying behind on the blockchain space as people are busy cashing out and making money and also storing their finances in bitcoin. If care is not taken, the price of Bitcoin can skyrocket and get to the point where affording it will be almost impossible

Quote from: nikolastech on April 07, 2021, 12:40:49 PM

Someone just bought 12000 Bitcoin on coinbase https://cryptoquant.com/overview/full/413?window=hour
This is just a shake out of weak hands, don't get folled here Wink

nikolastech

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Here is screenshot of the buy:
https://ibb.co/58K8Gq6

nikolastech

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Quote from: dkbit98 on April 07, 2021, 01:58:19 PM

Quote from: nikolastech on April 07, 2021, 12:40:49 PM

Someone just bought 12000 Bitcoin on coinbase https://cryptoquant.com/overview/full/413?window=hour
This is just a shake out of weak hands, don't get folled here Wink

This is not a a single individual who purchased and withdraw Bitcoin to his wallet but total amount of Bitcoins for specific time period

https://insights.glassnode.com/the-week-on-chain-week-13-2021/

Did you look link? i dont think you know what you talking about, it is 100% a single buyer, was all bought at same time within 1 hour.

nikolastech

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goldman sacks is my guess they bought at 58000, don't think they like to lose money Wink

stompix

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Quote from: nikolastech on April 07, 2021, 12:40:49 PM

Someone just bought 12000 Bitcoin

No, it didn't.
And recognizing you from the other stupid topic
Why would someone just buy 14666 bitcoins on coinbase

I am trying to understand, why do you start these topics?
You have been given a lot of explanations what those graphs are the first time, why do you keep ignoring them and post the same stuff over and over? Are you desperate for attention that much (or for merit) that you're going to post a new topic like this one every week?

Also, when leaving a link make sure everyone has access to it if a screenshot would mean too much trouble for your usual two-liner post, free accounts can't see the hourly data for the last 7 days on cryptoquant.

dkbit98

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Quote from: nikolastech on April 07, 2021, 12:40:49 PM

Someone just bought 12000 Bitcoin on coinbase https://cryptoquant.com/overview/full/413?window=hour
This is just a shake out of weak hands, don't get folled here Wink

This is not a a single individual who purchased and withdraw Bitcoin to his wallet but total amount of Bitcoins for specific time period and if you look at the Coinbase stats you would see that Bitcoin balance is reducing since December 2020.
And this is not the case only for Coinbase but for all other exchanges like Bitfinex, Bittrex, Bitstamp, Okex, Kraken, Huobi and other exchanges, and in addition to that it looks like miners are currently also accumulation Bitcoin.
You can see this clear trend in one of the previous detailed report from Glassnode, and that is just one more bullish case for Bitcoin but keep in mind that inflow and outflow is not totally accurate science.

https://insights.glassnode.com/the-week-on-chain-week-13-2021/

cr1776

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Quote from: nikolastech on April 07, 2021, 12:40:49 PM

Someone just bought 12000 Bitcoin on coinbase https://cryptoquant.com/overview/full/413?window=hour
This is just a shake out of weak hands, don't get folled here Wink

A transfer out doesn't mean that someone bought or sold, it is just a transfer. It could be internal to coinbase, e.g. to cold storage, or it could be someone who has purchased transferring the coins off the exchange to their own cold storage.

As far as "shake out of weak hands", for every sale there is a buyer, but I agree, everyone who has mined or bought at any point through 2020 has done wonderfully. Trading and market timing may work for a while, but people who timed and got out at $20000 in the last few months has missed a huge opportunity.

7788bitcoin

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Quote from: nikolastech on April 07, 2021, 12:40:49 PM

Someone just bought 12000 Bitcoin on coinbase
This is just a shake out of weak hands, don't get folled here Wink

Why is that when everyone purchase large quantities of bitcoin you and some think that the weak are shaking off their coins, first and foremost the miners are holding huge number of coins and they offload them to maintain their smooth functioning and they usually book their profit when the price of bitcoin is rallies as some of them are holding their coins for years for this rally.

ranochigo

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Crypto Swap Exchange

Coinbase outflows are not indicative of any trading activities as they're totally independent of that. If you're talking about trading Bitcoins, you should look at the trading volume

Outflows can only tell you the amount of Bitcoins that were transferred out of the exchange. Sounds like some people can't really read the text on the graph.

nikolastech

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Someone just bought 12000 Bitcoin on coinbase https://cryptoquant.com/overview/full/413?window=hour
This is just a shake out of weak hands, don't get folled here Wink

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