i found a transaction that probably caused the bitcoin days destroyed spike. It was in block 412183. [...]
Interesting, thanks. That would suggest more people are withdrawing BTC than depositing at whichever exchange that is.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18854. (Read 26709108 times)
May 18, 2016, 06:56:47 PM
Interesting, thanks. That would suggest more people are withdrawing BTC than depositing at whichever exchange that is.
May 18, 2016, 04:27:15 PM
i found a transaction that probably caused the bitcoin days destroyed spike. It was in block 412183.
Height Time Trans-ns Sum Days Destroyed
412183 2016-05-17 18:14:55 3113 124,993.47355705 BTC 46,925,708
https://bitinfocharts.com/bitcoin/block/412183/000000000000000001c9a2816ed2e303209e3982f6f5f584618307b7d9a94096
According to bitinfocharts it's the #3 Richest Bitcoin Address moving coins.
https://bitinfocharts.com/bitcoin/address/3Kg7Cmooris7cLErTsijq6qR1FH3cTiK2G
The same address provoked a reddit thread when it previously moved coins a year ago. Nobody proved who owned it, but the last poster guesses it belongs to a big exchange. During the latest transaction it sent 67,272 BTC back to itself, and 1,527.77775556 BTC to each of 18 addresses. I only studied one, but it had so many small transactions passing through it that I assume it's an exchanges hot wallet.
This is the transaction.
https://bitinfocharts.com/bitcoin/tx/a13ee5aff1a82d3bcb928dfcf558b97dc41b085bd95c98f189ffa53f303bdc49
This is a quote from the reddit thread about it moving coins a year ago.
https://www.reddit.com/r/Bitcoin/comments/2rrplt/big_coin_movement_just_now_cause_i_know_people/
Height Time Trans-ns Sum Days Destroyed
412183 2016-05-17 18:14:55 3113 124,993.47355705 BTC 46,925,708
https://bitinfocharts.com/bitcoin/block/412183/000000000000000001c9a2816ed2e303209e3982f6f5f584618307b7d9a94096
According to bitinfocharts it's the #3 Richest Bitcoin Address moving coins.
https://bitinfocharts.com/bitcoin/address/3Kg7Cmooris7cLErTsijq6qR1FH3cTiK2G
The same address provoked a reddit thread when it previously moved coins a year ago. Nobody proved who owned it, but the last poster guesses it belongs to a big exchange. During the latest transaction it sent 67,272 BTC back to itself, and 1,527.77775556 BTC to each of 18 addresses. I only studied one, but it had so many small transactions passing through it that I assume it's an exchanges hot wallet.
This is the transaction.
https://bitinfocharts.com/bitcoin/tx/a13ee5aff1a82d3bcb928dfcf558b97dc41b085bd95c98f189ffa53f303bdc49
This is a quote from the reddit thread about it moving coins a year ago.
https://www.reddit.com/r/Bitcoin/comments/2rrplt/big_coin_movement_just_now_cause_i_know_people/
Quote
Given the timing and the fact that a lot have ended up here https://blockchain.info/address/3Kg7Cmooris7cLErTsijq6qR1FH3cTiK2G yet a bunch are still here https://blockchain.info/address/3HyULbPVM739jPVk4i3PKZ4LibhYP1HsLc it seems like a hot and cold wallet and given the size of the funds it looks like an exchange to me.
May 18, 2016, 04:12:06 PM
Get your Cheap coins now!
May 18, 2016, 03:12:45 PM
wowzers very old coins on the move.
The old coins could also just be change from a smaller tx from an old wallet (ie just noise)... anyone looked at the tx ?
EDIT: Or maybe it's Craig Wright lol
i had the same though.
i wouldn't be surprised if it was him, moving even a small amount of bitcoin from 2009-2010 probably makes the days destroyed chart spike like mad.
I checked the transactions with the most bitcoin days destroyed at the bottom of the page here http://blockr.io/trivia/tx
The highest recent one this year was caused by 20,844 old coins moved on 2016-01-07, but the latest one doesn't even show up in ten pages of results.
This is the one from 2016-01-07
http://blockr.io/tx/info/37d30c9e641ae25dc8bb729caba8c0f136fa743b6d48c5a2431eecedcd57b29a
Has anyone tracked down the transaction(s) responsible for the latest spike?
May 18, 2016, 02:29:50 PM
wowzers very old coins on the move.
The old coins could also just be change from a smaller tx from an old wallet (ie just noise)... anyone looked at the tx ?
EDIT: Or maybe it's Craig Wright lol
i had the same though.
i wouldn't be surprised if it was him, moving even a small amount of bitcoin from 2009-2010 probably makes the days destroyed chart spike like mad.
It probably would, but I dont think we will be hearing from him again anytime soon
#pwned 
May 18, 2016, 02:23:47 PM
wowzers very old coins on the move.
The old coins could also just be change from a smaller tx from an old wallet (ie just noise)... anyone looked at the tx ?
EDIT: Or maybe it's Craig Wright lol
i had the same though.
i wouldn't be surprised if it was him, moving even a small amount of bitcoin from 2009-2010 probably makes the days destroyed chart spike like mad.
May 18, 2016, 02:19:54 PM
wowzers very old coins on the move.
crash back to 420 imminent
Nope. You can't stop the unstoppable.crash back to 420 imminent
Every day thousands of people are opening their very first bitcoin wallet.
What if the old coins on the move offsets the thousands of people are opening their very first bitcoin wallet every day? Does that mean the price won't do anything?
extremely stable price imminent
456 will be sticky as fuck.
hahahahaha
I like your flexibility Adam... you seem to be getting a bit back to your old self....
Three completely different predictions in the past 4 hours.
1) $460 imminent
2) brace yourselves for $420
3) we're gonna be sticking at $456 for a while...
Better than watching a WWF match.
May 18, 2016, 02:14:36 PM
wowzers very old coins on the move.
crash back to 420 imminent
Nope. You can't stop the unstoppable.crash back to 420 imminent
Every day thousands of people are opening their very first bitcoin wallet.
What if the old coins on the move offsets the thousands of people are opening their very first bitcoin wallet every day? Does that mean the price won't do anything?
extremely stable price imminent
456 will be sticky as fuck.
hahahahaha
I like your flexibility Adam... you seem to be getting a bit back to your old self....
Three completely different predictions in the past 4 hours.
1) $460 imminent
2) brace yourselves for $420
3) we're gonna be sticking at $456 for a while...
Better than watching a WWF match.
May 18, 2016, 01:47:44 PM
wowzers very old coins on the move.
crash back to 420 imminent
Nope. You can't stop the unstoppable.crash back to 420 imminent
Every day thousands of people are opening their very first bitcoin wallet.
What if the old coins on the move offsets the thousands of people are opening their very first bitcoin wallet every day? Does that mean the price won't do anything?
extremely stable price imminent
456 will be sticky as fuck.
The old coins could also just be change from a smaller tx from an old wallet (ie just noise)... anyone looked at the tx ?
EDIT: Or maybe it's Craig Wright lol
May 18, 2016, 01:40:20 PM
wowzers very old coins on the move.
crash back to 420 imminent
Nope. You can't stop the unstoppable.crash back to 420 imminent
Every day thousands of people are opening their very first bitcoin wallet.
What if the old coins on the move offsets the thousands of people are opening their very first bitcoin wallet every day? Does that mean the price won't do anything?
May 18, 2016, 01:37:12 PM
wowzers very old coins on the move.
crash back to 420 imminent
Nope. You can't stop the unstoppable.crash back to 420 imminent
Every day thousands of people are opening their very first bitcoin wallet.
What if the old coins on the move offsets the thousands of people are opening their very first bitcoin wallet every day? Does that mean the price won't do anything?
extremely stable price imminent
456 will be sticky as fuck.
May 18, 2016, 01:26:02 PM
wowzers very old coins on the move.
crash back to 420 imminent
Nope. You can't stop the unstoppable.crash back to 420 imminent
Every day thousands of people are opening their very first bitcoin wallet.
What if the old coins on the move offsets the thousands of people are opening their very first bitcoin wallet every day? Does that mean the price won't do anything?
May 18, 2016, 01:05:46 PM
wowzers very old coins on the move.
crash back to 420 imminent
Nope. You can't stop the unstoppable.crash back to 420 imminent
Every day thousands of people are opening their very first bitcoin wallet.
May 18, 2016, 12:59:40 PM
BTCE hit $457 and OKcoin is $455 so the 3rd world exchanges are no longer behind the west for the first time in like a month. Price is definitely going up.
May 18, 2016, 12:34:26 PM
The bitcoin scenery keeps getting dumber and uglier everyday.
Or perhaps you simply paid less attention to scenery when prices were more exciting.
May 18, 2016, 12:27:54 PM
Some early adopter has a different opinion...
You can use BTC as collateral to short Eth.
May 18, 2016, 11:35:42 AM
I don't see it going that far. Might even be happening now (I never can make sense of ETH). At some point very soon, a big holder is going to drop the hammer and giggle into his coffee he's beat everyone else to the dump, including DAO itself.
My neither. I just enjoyed reading the exaggeration that bitcoin advocates try to use. I find the whole thing quite amusing that people like roach are the current most active proponents for bitcoin here. The bitcoin scenery keeps getting dumber and uglier everyday.
ETH isn't a smart choice for any long term investments. Too many variables in the fundamentals that are not yet set. But it's excellent for daytrading. It's momentum (up or down) is mostly strong and fades gradually, and that gives it predictability. BTC momentum is weak, short lasting and unpredictable. BTC is only attractive to "I'll just buy some, and then sit on my ass for years, while hoping really-really hard that I'll get rich" thinking people.
Even though I agree overall with your description of recent performance of ETH as compared with BTC, you should recognize that past performance is not a very exact indicator of future performance.... but yeah, your indication that BTC is likely a much more secure long term investment relative to ETH seems a valid assessment, in spite of your apparent efforts to make fun of it for such attributes.
May 18, 2016, 10:57:01 AM
Good morning Bitcoinland.
Still in the $450s I see.
Sorry, no Chartbuddy quote. Buddy seems to be AWOL today.
Still in the $450s I see.
Sorry, no Chartbuddy quote. Buddy seems to be AWOL today.
May 18, 2016, 10:52:58 AM
BTC looks sooo fucking weak right now and that only few weeks apart from Halving, not the best sign imo.
A stable price is a great thing. It shows that we can hold the $450s no problem, even with over $1.6 million in mined coins being sold each day.
Imagine what happens when that number is cut in half.
Very good point indeed. Halving effect is even stronger in a market with very low volume.
May 18, 2016, 10:17:49 AM
spike back to 460 imminent
I got a feeling
time is now
buy or die
I got a feeling
time is now
buy or die
you post on bitco.in/forum anymore?
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