It looks to me like someone's dumping their BTC nice and slowly
with his song.
Topic: Someone's dumping slowly (Read 1997 times)
with his song.
Isn't there a list of the highest net worth bitcoin addresses somewhere here in the forum, that is updated on a regular basis? It seems like anybody that has the ability to continuously dump 500 btc at a time must have enough to be on that list. It would be interesting if someone were able to mine into this data and see which of those addresses is depleting in 500 btc chunks. I don't know how to do it.
Those are the richest addresses but the highest net worth people most likely don't have all their coins in one address. In fact I remember reading that there are 42 thousand addresses with just 50 bitcoin. I would bet that a large portion of those are actually Satoshi. What better.. more clever way to hide your hoard of money than to mine it but assign it a new key for every block reward. I bet he has about 1.5 million bitcoins
That would be a lot of addresses to keep track of!
The right clients handle it nicely.
If you are a programmer it wouldn't be a big deal.
No need to be a programmer, but reading and understanding the code can help you find and trust the right client...
Aren't you talking about Mt. Gox trades? These are all within the system, you won't see personal wallets change unless they're moving them into and out of Mt. Gox constantly.
This is a good thing. I like my bitcoins going up as much as anyone but for the ecosystem to advance, some of the big holders are going to have to let some of their supplies out to increase liquidity and grow the user-base.
This also counters to a good degree the "rising prices leads to hoarding" assertion.
The economy is a machine with many moving parts, some of which are not immediately (or ever) obvious. Just let it do its thing and it'll work out.
This also counters to a good degree the "rising prices leads to hoarding" assertion.
The economy is a machine with many moving parts, some of which are not immediately (or ever) obvious. Just let it do its thing and it'll work out.
Isn't there a list of the highest net worth bitcoin addresses somewhere here in the forum, that is updated on a regular basis? It seems like anybody that has the ability to continuously dump 500 btc at a time must have enough to be on that list. It would be interesting if someone were able to mine into this data and see which of those addresses is depleting in 500 btc chunks. I don't know how to do it.
Those are the richest addresses but the highest net worth people most likely don't have all their coins in one address. In fact I remember reading that there are 42 thousand addresses with just 50 bitcoin. I would bet that a large portion of those are actually Satoshi. What better.. more clever way to hide your hoard of money than to mine it but assign it a new key for every block reward. I bet he has about 1.5 million bitcoins
That would be a lot of addresses to keep track of!
The right clients handle it nicely.
If you are a programmer it wouldn't be a big deal.
No need to be a programmer, but reading and understanding the code can help you find and trust the right client...
Isn't there a list of the highest net worth bitcoin addresses somewhere here in the forum, that is updated on a regular basis? It seems like anybody that has the ability to continuously dump 500 btc at a time must have enough to be on that list. It would be interesting if someone were able to mine into this data and see which of those addresses is depleting in 500 btc chunks. I don't know how to do it.
Those are the richest addresses but the highest net worth people most likely don't have all their coins in one address. In fact I remember reading that there are 42 thousand addresses with just 50 bitcoin. I would bet that a large portion of those are actually Satoshi. What better.. more clever way to hide your hoard of money than to mine it but assign it a new key for every block reward. I bet he has about 1.5 million bitcoins
That would be a lot of addresses to keep track of!
If you are a programmer it wouldn't be a big deal.
Isn't there a list of the highest net worth bitcoin addresses somewhere here in the forum, that is updated on a regular basis? It seems like anybody that has the ability to continuously dump 500 btc at a time must have enough to be on that list. It would be interesting if someone were able to mine into this data and see which of those addresses is depleting in 500 btc chunks. I don't know how to do it.
Those are the richest addresses but the highest net worth people most likely don't have all their coins in one address. In fact I remember reading that there are 42 thousand addresses with just 50 bitcoin. I would bet that a large portion of those are actually Satoshi. What better.. more clever way to hide your hoard of money than to mine it but assign it a new key for every block reward. I bet he has about 1.5 million bitcoins
This is true, but I guess we'll never know unless someone looks. It'd be interesting to see if there actually is one address going down by 500 btc in correlation with these dumps.
get the coins while are cheap, only a fool will keep USD
I don't think it'll be long before lots of you who bought over $20 are racing for the door.
Isn't there a list of the highest net worth bitcoin addresses somewhere here in the forum, that is updated on a regular basis? It seems like anybody that has the ability to continuously dump 500 btc at a time must have enough to be on that list. It would be interesting if someone were able to mine into this data and see which of those addresses is depleting in 500 btc chunks. I don't know how to do it.
Those are the richest addresses but the highest net worth people most likely don't have all their coins in one address. In fact I remember reading that there are 42 thousand addresses with just 50 bitcoin. I would bet that a large portion of those are actually Satoshi. What better.. more clever way to hide your hoard of money than to mine it but assign it a new key for every block reward. I bet he has about 1.5 million bitcoins
Isn't there a list of the highest net worth bitcoin addresses somewhere here in the forum, that is updated on a regular basis? It seems like anybody that has the ability to continuously dump 500 btc at a time must have enough to be on that list. It would be interesting if someone were able to mine into this data and see which of those addresses is depleting in 500 btc chunks. I don't know how to do it.
Yes, I've seen the 500 BTC bot operating (selling) at least twice.
He/she/it responded to a tiny order by going even lower... not the best way to trade.
He/she/it responded to a tiny order by going even lower... not the best way to trade.
I've been trying to trip off some of these 0.0001 before you bots, some of them follow you a long way, but once you do a larger hop, they sometimes don't follow. I guess the point is to be first in the que, which of course could be beneficial.
Yes, I've seen the 500 BTC bot operating (selling) at least twice.
He/she/it responded to a tiny order by going even lower... not the best way to trade.
He/she/it responded to a tiny order by going even lower... not the best way to trade.
It looks to me like someone's dumping their BTC nice and slowly using sell orders of 500 BTC which get pulled and then relisted every now and again.
This has been going on for quite a while now. I guess it's an invisible wall.
They were selling for 42.8 and a few seconds after these sold out another ask appeared right at the top for 500 BTC at 41.82699
Now the lower priced orders have sold the ask price has changed back to 42.8
It looks like someone's got a bot which has been programmed to sell chunks of 500 BTC right at the top of the asks and keep the price at 42.8
It would be interesting to see how it responds if someone baited it to sell much lower.
This has been going on for quite a while now. I guess it's an invisible wall.
They were selling for 42.8 and a few seconds after these sold out another ask appeared right at the top for 500 BTC at 41.82699
Now the lower priced orders have sold the ask price has changed back to 42.8
It looks like someone's got a bot which has been programmed to sell chunks of 500 BTC right at the top of the asks and keep the price at 42.8
It would be interesting to see how it responds if someone baited it to sell much lower.
If he's selling in chunks of 500 - he will run dry sooner or later.
It looks to me like someone's dumping their BTC nice and slowly using sell orders of 500 BTC which get pulled and then relisted every now and again.
This has been going on for quite a while now. I guess it's an invisible wall.
They were selling for 42.8 and a few seconds after these sold out another ask appeared right at the top for 500 BTC at 41.82699
Now the lower priced orders have sold the ask price has changed back to 42.8
It looks like someone's got a bot which has been programmed to sell chunks of 500 BTC right at the top of the asks and keep the price at 42.8
It would be interesting to see how it responds if someone baited it to sell much lower.
This has been going on for quite a while now. I guess it's an invisible wall.
They were selling for 42.8 and a few seconds after these sold out another ask appeared right at the top for 500 BTC at 41.82699
Now the lower priced orders have sold the ask price has changed back to 42.8
It looks like someone's got a bot which has been programmed to sell chunks of 500 BTC right at the top of the asks and keep the price at 42.8
It would be interesting to see how it responds if someone baited it to sell much lower.
Only someone with a large hoard could succeed in baiting it lower, right? And doing so would be self defeating, wouldn't it?
Any idea on how quickly we are burning through these 500 BTC asks? It could be a good indicator of the momentum we'll have after these coins dry up, if that is indeed what is happening right now.
get the coins while are cheap, only a fool will keep USD
It looks to me like someone's dumping their BTC nice and slowly using sell orders of 500 BTC which get pulled and then relisted every now and again.
This has been going on for quite a while now. I guess it's an invisible wall.
They were selling for 42.8 and a few seconds after these sold out another ask appeared right at the top for 500 BTC at 41.82699
Now the lower priced orders have sold the ask price has changed back to 42.8
It looks like someone's got a bot which has been programmed to sell chunks of 500 BTC right at the top of the asks and keep the price at 42.8
It would be interesting to see how it responds if someone baited it to sell much lower.
This has been going on for quite a while now. I guess it's an invisible wall.
They were selling for 42.8 and a few seconds after these sold out another ask appeared right at the top for 500 BTC at 41.82699
Now the lower priced orders have sold the ask price has changed back to 42.8
It looks like someone's got a bot which has been programmed to sell chunks of 500 BTC right at the top of the asks and keep the price at 42.8
It would be interesting to see how it responds if someone baited it to sell much lower.
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