Two billion | Bitcointalksearch.org

Oceat

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Quote from: Aikidoka on March 28, 2019, 03:07:07 PM

Quote from: VK.point on March 28, 2019, 02:40:43 PM

2 billion! Shocked

:oThe amount is very fantastic, I have never even imagined such a value in a transaction. I think it's one of the biggest investors we've seen so far. This will be carried away on my dream tonight.

I don't think that the owner of this amount is just a one person, because we are talking here about 2 billions of dollars, which it's an extraordinary amount, also the transactions were made in 2014, so it's so old and I think it's a pool or bitmain.

It's not $2B since the date of the transaction was in 2014 and the price of Bitcoin at that time was $300 to $800 but still, it's a large amount of money if converted to fiat. Just like what they said at the top it was owned by BTC-E a famous exchange before but shut down by the government. It could be a mining pool or a backup wallet.

xWolfx

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Quote from: Coin-1 on March 28, 2019, 11:14:35 PM

You're right. Total received 475,363 BTC. The last transaction has been performed on July 19, 2014, transferring 9,141 BTC.

At that time, the Bitcoin price was about $650. I just calculated the entire amount in US dollars and got another result:
475,363 * $650 = $308,985,950 (~300 million dollars)

I'm realizing where the OP numbers coming from. Today's BTC price is $4000:
475,363 * $4000 = $1,901,452,000 (~2 billion dollars)

In any case, the final balance is 0 BTC, and this Bitcoin address is already empty.

Yeah that is the reason why. In fact, the price is constantly changing but it's truth that it's now empty and that it should be calculated based on the time when the transaction was performed or executed.

Since it's empty right now we can get to that conclusion. But it's good to see things from the eyes of another person to understand their point of view and i believe that it is a really important skill. Since we human being tend to be more emotion than rational beings.

At the end it's still a pretty impressive amount. And if they kept even half of their coins it's impressive how much profit they got.

Pamadar

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Quote from: agatha90 on April 18, 2019, 12:53:10 PM

It seems like he is the millionaire who invested all of his shares in crypto. And I think he has benefited a lot from buying a lot of bitcoin in the year around 2015

If you take your time reading the first page of this thread and those post above you, then you'll be able to know who's the owner of that wallet, it's not an individual but a certain exchange named BTC-e which happened being accused by FBI, good thing that they've manage to allow their participants to withdraw their coins before it closes the exchange.

agatha90

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It seems like he is the millionaire who invested all of his shares in crypto. And I think he has benefited a lot from buying a lot of bitcoin in the year around 2015

aylabadia05

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I made sure that the wallet belonged to a well-known company, because in a very large fund transaction, he moved almost 2 million dollars at different times. this is a very fantastic number of transactions in 2014.

Crypto Girl

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Quote from: Ains_sama on March 28, 2019, 06:05:02 PM

it is a very large amount, and with such a value it will be able to influence prices in the market, but the owner has not yet known it, and it could be Satoshi Nakamoto.

Funny enough, would you just spare Nakamoto for this or better yet read the comments here before posting.

Quote from: Reid on March 29, 2019, 01:05:02 AM

A large possibility that is an exchange.
Question: How did you get that far?

Are you daydreaming that someday you want to have it?
They are running a business so it will just be normal.
Besides, not all of that is their property. Mostly, it would be their customer.
2 bitcoi per user could take you to that high amount.

I think you're the one day dreaming.

Never heard that BTC-e exchange actually, but good thing they let their users to withdraw their money and didn't get that away or at least people should be thankful to FBI.

Kakmakr

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Leading Crypto Sports Betting & Casino Platform

Total BTC Received was 475,363.75803763 BTC and that was way back in 2014 when the average Bitcoin price was about $600. Roll Eyes

..so the movement in that wallet was about $285 000 000 at the time. Tongue

BTC-e exchange users were given enough time to withdraw those bitcoins when it was closed down, but having a hot wallet on an exchange with 4333 transactions, must have been risky with that amount of coins. Roll Eyes

tunapa

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This wallet is likely to be that of an exchange platform , the transactions were dated back to 2014 which means they have probably stopped operations. The wallet is no longer having any balance and probably not in use anymore. That was a huge sum back then but not 2 billion as claimed.

lyks15

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I think this is pool. This amount is too big to hit of an regular or big time investor and I think to have some money you have to invest almost 75% of that digit. And I think no one will invest even the most crazy gambler in this industry will think first before investing that kind amount of money.

Reid

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A large possibility that is an exchange.
Question: How did you get that far?

Are you daydreaming that someday you want to have it?
They are running a business so it will just be normal.
Besides, not all of that is their property. Mostly, it would be their customer.
2 bitcoi per user could take you to that high amount.

Coin-1

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Quote from: pooya87 on March 28, 2019, 10:05:54 PM

i think you need to check the links first before posting a comment next time.
there was no "2 billion transfer in a single transaction", you are just making an assumption based on the title of this topic. if you go to the link posted by OP you can see that $2 billion (which OP is rounding up from $1.9) is the total received in 4333 transactions.

You're right. Total received 475,363 BTC. The last transaction has been performed on July 19, 2014, transferring 9,141 BTC.

At that time, the Bitcoin price was about $650. I just calculated the entire amount in US dollars and got another result:
475,363 * $650 = $308,985,950 (~300 million dollars)

I'm realizing where the OP numbers coming from. Today's BTC price is $4000:
475,363 * $4000 = $1,901,452,000 (~2 billion dollars)

In any case, the final balance is 0 BTC, and this Bitcoin address is already empty.

pooya87

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Quote from: xWolfx on March 28, 2019, 06:50:35 PM

Quote from: pooya87 on March 27, 2019, 11:46:16 PM

there is this service called walletExplorer which has been doing some blockchain analysis for a long time. if you search addresses in it, they can tell you which service these popular addresses belong to.

it says this address belongs to BTC-e.com which was a big bitcoin exchange back in the days before FBI closed it down.
here is the link: https://www.walletexplorer.com/wallet/BTC-e.com-old?from_address=16R14EH4v8A9GPXkAAP8gcMFBA8oxA8nbY

Yeah i was thinking that it was pretty old. But seems like they had really fishy business models to behave that.

Moving two billion in a single transaction, now that's something. I wonder if anyone would move an even larger amount in a single transaction today or especially when Bitcoin's price reach the roof again. Now that is a pretty interesting doubt i have.

i think you need to check the links first before posting a comment next time.
there was no "2 billion transfer in a single transaction", you are just making an assumption based on the title of this topic. if you go to the link posted by OP you can see that $2 billion (which OP is rounding up from $1.9) is the total received in 4333 transactions.
besides, transaction sizes this big are not uncommon for exchanges' cold storage wallets. check out Bitfinex cold storage on rich list for an example.

xWolfx

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Quote from: pooya87 on March 27, 2019, 11:46:16 PM

there is this service called walletExplorer which has been doing some blockchain analysis for a long time. if you search addresses in it, they can tell you which service these popular addresses belong to.

it says this address belongs to BTC-e.com which was a big bitcoin exchange back in the days before FBI closed it down.
here is the link: https://www.walletexplorer.com/wallet/BTC-e.com-old?from_address=16R14EH4v8A9GPXkAAP8gcMFBA8oxA8nbY

Yeah i was thinking that it was pretty old. But seems like they had really fishy business models to behave that.

Moving two billion in a single transaction, now that's something. I wonder if anyone would move an even larger amount in a single transaction today or especially when Bitcoin's price reach the roof again. Now that is a pretty interesting doubt i have.

BrewMaster

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Quote from: gentlemand on March 28, 2019, 12:34:19 PM

Am I stupid or does the 'don't put too much in one address' make little sense?

Most people keep their backups in the same place with the same method. If it gets compromised everything's going to be toast. If it's over a million paper wallets around the world then there's a chance a fair few will get lost.

I'd rather stick with one address or seed that I know is thoroughly thought through.

sometimes when you have too much bitcoins, it doesn't make much sense to put it in fifty different addresses. specially when you are already handling thousands of addresses.
of course i am talking about this case which is obviously an exchange service. they have multiple cold storages which they keep coins in. and of course that is why when they get hacked a lot of money goes up in smokes at once.

Ains_sama

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it is a very large amount, and with such a value it will be able to influence prices in the market, but the owner has not yet known it, and it could be Satoshi Nakamoto.

okala

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Well it possible that that wallet is own by either an exchange or even a hacker because in that year there was a lots of scam who make away with hug amount of bitcoin, because no person will want to risk such a huge amount in just a single transactions and to just one destination.

Aikidoka

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Quote from: VK.point on March 28, 2019, 02:40:43 PM

2 billion! Shocked

:oThe amount is very fantastic, I have never even imagined such a value in a transaction. I think it's one of the biggest investors we've seen so far. This will be carried away on my dream tonight.

I don't think that the owner of this amount is just a one person, because we are talking here about 2 billions of dollars, which it's an extraordinary amount, also the transactions were made in 2014, so it's so old and I think it's a pool or bitmain.

VK.point

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(https://exip.live/)

2 billion! Shocked

:oThe amount is very fantastic, I have never even imagined such a value in a transaction. I think it's one of the biggest investors we've seen so far. This will be carried away on my dream tonight.

gentlemand

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Am I stupid or does the 'don't put too much in one address' make little sense?

Most people keep their backups in the same place with the same method. If it gets compromised everything's going to be toast. If it's over a million paper wallets around the world then there's a chance a fair few will get lost.

I'd rather stick with one address or seed that I know is thoroughly thought through.

awawo

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That wallet definitely belong to an exchange may be binance or bitman because that huge amount can not be transferred using just one single address, but the date is way back and no one will option in transferring such huge amount in just one single transactions and sending to a single account.

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