Topic: The Mysterious Chinese Bitcoin Whale Hoarded 94,000 BTC (Read 454 times)
how could that happen when the Chinese government banned bitcoin in his country. it shows that bitcoin is still an investment value, in fact there are still whales coming from countries that prohibit bitcoin.
it says mysterious then it says it is Chinese. LOL. sometimes these article writers crack me up.
here is the summary of this article:
"we found a bitcoin address that contained a large amount of bitcoin. then we made an article about it. to make it inetersting enough so that people take the bait and click it, we added the Chinese drama to it. we call ourselves journalists..."
here is the summary of this article:
"we found a bitcoin address that contained a large amount of bitcoin. then we made an article about it. to make it inetersting enough so that people take the bait and click it, we added the Chinese drama to it. we call ourselves journalists..."
Lol. It is indeed quite amusing. And it is also misleading news. Let us say that it is true, whales like a Chinese citizen may contributed to the movements of the market. A big role rather because of that thousands of bitcoin be/she was holding. But that news is somewhat suspicious. My guts told me so.
I wonder who the individual is, and why would they hold so much in one particular wallet when such a thing would be discovered.
My guess is that it's not an individual, but probably the Chinese government. But you know what, since it's so easy to link to China, I also wouldn't be surprised if it's another government making it seem that it's Chinese.
My guess is that it's not an individual, but probably the Chinese government. But you know what, since it's so easy to link to China, I also wouldn't be surprised if it's another government making it seem that it's Chinese.
The wallet in question is still holding those 94k bitcoins so must be a hodler rather than a mt gox dumper. One thing for sure is that this person is gonna be a zillionaire in future when bitcoin really takes off. I'd be very happy if i had 94 bitcoins let alone 94k! Im' sure there are eyes on that fat one, lets hope he doesn't spill any blood any time soon
well, I don't think that this guy wants to manipulate the price if he wanted to do so, he can do it when it was under $6,000 but it looks to be more accurate that he is only waiting for the right time to sell. More of it, we are wrong and this guy is a total supporter of bitcoin that sees future profits. Any thoughts?
Has anyone confirmed if this is real? Has anyone already noticed any movement? Coz if it's real then maybe it pays to keep track of it, whenever it is adding new coins or when it seems it might dump.
I have heard about that few times but it is amazing for me that is causing no changes in overall mood on the market and even the price was not shaking that days, so probably maybe this information is fake?
The news is over two months old, but still people here are talking about it like it was today. We did indeed see bitcoin get smashed since that news came out, so who knows if it had an effect. Ultimately it's always hard to tell what's happening when large amounts of bitcoin are being moved, whether it's being sold or someone's just changing wallets. That article doesn't exactly say that any bitcoin was sold on any exchange, just that it was bought from exchanges. If that person sold bitcoin privately, that wouldn't affect the market at all. I hear that news is not just china but some groups like MTgox I read they also save and have hundreds of thousands that can be a time bomb to destroy bitcoin prices.
Do you even know what MTGox is? This exchange is dead for years and they don't have any coins. The coins belong to the people who had funds on the exchange during its collapse and will be returned to them very soon. In other words all Gox funds will be distributed among creditors, which won't change anything about the market.
I have heard about that few times but it is amazing for me that is causing no changes in overall mood on the market and even the price was not shaking that days, so probably maybe this information is fake?
Yes, it's most likely made up, just like the so called institutional money coming to Bitcoin
I have heard about that few times but it is amazing for me that is causing no changes in overall mood on the market and even the price was not shaking that days, so probably maybe this information is fake?
Are you sure that the whale is Chinese? For this number of the purse anyone can be, and most likely a group of persons or an organization. These are actually those who can influence the crypto currency market with a single keystroke.
A staff member from a Chinese Bitcoin forum raised eyebrows upon the discovery of a wallet address that has received over 90,000 Bitcoin since the end of March
Read more: https://cryptovest.com/news/mysterious-chinese-bitcoin-whale-hoarded-94000-btc/
The investor must have had faith in bitcoin and that is why he keep holding and buying it! How I wish I have such huge fund to invest into bitcoin like this Chinese mysterious investor. I think this will make him to be among the whales and in future he or she may be people that will decide what happen in future in cryptocurrencies market.Read more: https://cryptovest.com/news/mysterious-chinese-bitcoin-whale-hoarded-94000-btc/
wow .. if he sells it it will greatly destroy the bitcoin market
it's really a very big whale. hoping he would hoard without selling it in the slightest
it's really a very big whale. hoping he would hoard without selling it in the slightest
Anyone who has that much bitcoin must be a billionaire. Like me, having 2 or 3 bitcoins also wants to sell it because it is profitable and can be used for living needs. This mysterious man is a big speculator who has big capital and plays for long. He will sell bitcoin little by little with the desired profit, and sell or buy again according to the price game he wants. Because large speculators are conductors in bitcoin trading.
First off, the word "Hoarding" is accurately wrong in cryptocurrency. The right word should be HODL. Si, what really is the point here? A man can't HODL his coins in peace anymore and wait for the ripe price to offload? I ain't get this.
Chinese or not, the sixth largest or not, there's nothing wrong in that.
Chinese or not, the sixth largest or not, there's nothing wrong in that.
yeah.. He/she got a loads of btc and now he/she is dumping little by little and that's why or maybe why btc price is not stable.
Why is that some of you are just so annoyingly trying to push everything to the dump in the market. How can you proof he is a Chinese whale and how can you proof he has been the one dumping. Speculation, FUD has been the reasoning of a whole lot of you.
Anyone can decide to hold whatever he likes as long as he wants it and I do not see any issue or problem in that, but trying to bring about something that is not there, or something you simply cannot even proof as you are just assuming things in your head is the main problem here.
that is why volatility is so high. those few whales has enough coins and cash to manipulate whole the market very easily. they decide the trend of the market. they decide when the market is going to recover.
These whales are sure to be together to make plans to manipulate the electronic financial market. But I believe they do not make a strong move in the market they create waves to stimulate demand for the market. To maintain strong electronic money.
Wow! This is great, the person that have this quantity of bitcoin knows what the future holds for bitcoin. I wish I have money to buy even half of the amount of bitcoin this person have.
94,000 BTCs ? I just need to hold my breathe. Still I cannot believe into this. Now Satoshi is a Chinese ? Sorry for off-topic.
I guess that guy must be running some ponzi or a wallet services. I am relatively new here hence totally confused on this.
I have no concern with it that how many Bitcoin is someone holding in his wallet but te real concern for me is why is someone observing a wallet? How is it possible for someone to keep a check on others wallets? Don't you think it is indicating towards the weak security and where did the privacy issues go? It is a very serious matter which could take Bitcoin to failure. I guess that guy must be running some ponzi or a wallet services. I am relatively new here hence totally confused on this.
94,000 BTCs ? I just need to hold my breathe. Still I cannot believe into this. Now Satoshi is a Chinese ? Sorry for off-topic.
I guess that guy must be running some ponzi or a wallet services. I am relatively new here hence totally confused on this.
I guess that guy must be running some ponzi or a wallet services. I am relatively new here hence totally confused on this.
I hear that news is not just china but some groups like MTgox I read they also save and have hundreds of thousands that can be a time bomb to destroy bitcoin prices.
Yes this god is probably one cause of the decline in bitcoin prices now. All is very mysterious, when someone already has a lot of BTC they will be very easy to manipulate the price in the crypto market.
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