Story about an anonymous trader buying $400m Bitcoin is wrong

Herbert2020

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Quote from: nc50lc on March 09, 2018, 06:28:49 AM

Quote from: Herbert2020 on March 09, 2018, 01:19:02 AM

that news was wrong because it was saying 3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64 address was buying bitcoin but it obviously belonged to an exchange called Huobi. possibly their cold storage.

and unless you have proof that transctions like these:
cb7abd706c8021ebb956d2763790532e2d9970c399c4e2ed5b1ae6f7949c57f4 (4571BTC)
b2e26b0b57b7b7dcf8b749dfeab4de70b9b6956e52f5376cae24dfe286d14214 (3037BTC+omni layer thing in it)
and so on are coming from this Kobayashi guy, it still doesn't proof anything if you ask me...

How about this address: 1MaUVgXCgdXLkmXwQ4WDek5yaK86zYXw2q?
I saw a thread saying that this might be the one responsible for the price dip. Since Last Year till February this year, it's been accumulating huge amount of Bitcoins.
Look at how fast and frequent the user sold that 100,000BTC. Although, it looks like another exchange cold storage address.

yeah, i saw that address posted in this same board on the same day (https://bitcointalksearch.org/topic/1mauvgxcgdxlkmxwq4wdek5yak86zyxw2q-3091155) but the guy doesn't provide any proof about why he thinks that address is related to any of this and it was a self moderated topic so i didn't bother arguing with it!
also i search the internet and also looked it up on walletexplorer.com, long story short i also couldn't find any solid relationship between this address and Mt Gox. it is just an address with a large balance, that's all.

Wind_FURY

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Quote from: matuson on March 09, 2018, 07:00:57 AM

Why would you know the reason? You'll never know the real reason. Do you think Kobayashi is the only one? Now a lot of rich people sell their coins in order to pay tax obligations for the past year. That's a lot of money. It is possible that now it will be a tradition. The beginning of the year will always show a drop in the cryptocurrency market.

Tax obligations? What? Did we not go into Bitcoin to avoid paying taxes? Wink

Plus that Kobayashi person may not be the only cause of the crash, but a combination of different factors like profit taking, FUD, and the coming of regulations which may have caused some investors to be afraid of Bitcoin's outlook.

arpon11

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I also read that story last time and I think it might be a false publications and I believe it is just to do this in just to help push bitcoin forward. I think that type of purchase should be able to push bitcoin up to a higher level and enable us to sustain price for a long-term. $400million worth is not a small amount and we should expect this type of purchase when cryptocurrencies is adopted all over the world.

matuson

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Why would you know the reason? You'll never know the real reason. Do you think Kobayashi is the only one? Now a lot of rich people sell their coins in order to pay tax obligations for the past year. That's a lot of money. It is possible that now it will be a tradition. The beginning of the year will always show a drop in the cryptocurrency market.

nc50lc

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Self-proclaimed Genius

Quote from: Herbert2020 on March 09, 2018, 01:19:02 AM

that news was wrong because it was saying 3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64 address was buying bitcoin but it obviously belonged to an exchange called Huobi. possibly their cold storage.

and unless you have proof that transctions like these:
cb7abd706c8021ebb956d2763790532e2d9970c399c4e2ed5b1ae6f7949c57f4 (4571BTC)
b2e26b0b57b7b7dcf8b749dfeab4de70b9b6956e52f5376cae24dfe286d14214 (3037BTC+omni layer thing in it)
and so on are coming from this Kobayashi guy, it still doesn't proof anything if you ask me...

How about this address: 1MaUVgXCgdXLkmXwQ4WDek5yaK86zYXw2q?
I saw a thread saying that this might be the one responsible for the price dip. Since Last Year till February this year, it's been accumulating huge amount of Bitcoins.
Look at how fast and frequent the user sold that 100,000BTC. Although, it looks like another exchange cold storage address.

Herbert2020

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Activity: 1946

Merit: 1137

that news was wrong because it was saying 3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64 address was buying bitcoin but it obviously belonged to an exchange called Huobi. possibly their cold storage.

and unless you have proof that transctions like these:
cb7abd706c8021ebb956d2763790532e2d9970c399c4e2ed5b1ae6f7949c57f4 (4571BTC)
b2e26b0b57b7b7dcf8b749dfeab4de70b9b6956e52f5376cae24dfe286d14214 (3037BTC+omni layer thing in it)
and so on are coming from this Kobayashi guy, it still doesn't proof anything if you ask me...

Wind_FURY

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I am referring to this topic made almost 1 month ago, to everyone's excitement including me.

https://bitcointalksearch.org/topic/anonymous-trader-buys-400-million-in-bitcoin-2966679

What really happened was a MtGox trustee was selling Bitcoins and Bitcoin Cash that totaled to $400m from December to February! Hahaha.

It is possible that he was partly causing the crash.

https://www.coindesk.com/mt-gox-trustee-sells-400-million-bitcoin-bitcoin-cash/

Quote

Notably, wallets associated with the Mt Gox trustee saw significant withdrawals between December and February - the period in which they were sold - including 18,000 BTC that was moved on February 5. As CoinDesk previously reported, that day saw steep declines across all cryptocurrency markets, pushing prices down roughly 50% from their 2018 highs.

According to Kobayashi's report, additional liquidations could be coming, pending approval from the bankruptcy court.

"I plan to consult with the court and determine further sale of BTC and BCC," he wrote.

As it stands, Kobayashi is in possession of 166,344.35827254 BTC - an amount worth $1.7 billion at press time - as well as about $197 million worth of bitcoin cash.

Topic: Story about an anonymous trader buying $400m Bitcoin is wrong (Read 203 times)