Coin
Explanation
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 21928. (Read 26609914 times)
April 23, 2015, 08:58:22 PM
April 23, 2015, 07:58:19 PM
April 23, 2015, 06:59:14 PM
April 23, 2015, 06:55:52 PM
people still want bitcoins.
April 23, 2015, 06:10:50 PM
OMG really people?
To think that someone all of a sudden , being and early bird, would decide to offload all those coins right now is comical.
Plus any moron with half a brain knows that people are always watching, why create panic?
To think that someone all of a sudden , being and early bird, would decide to offload all those coins right now is comical.
Plus any moron with half a brain knows that people are always watching, why create panic?
Well, in order to push the price down maybe?
but I don't really think that people would go to such lengths as to move their cold storage coins, especially that many. It could simply be someone putting their coins into another form of cold storage. It could also be an exchange shifting around some coins.or it could be someone who wished to use 100btc and deposit into an exchange that has a maximum daily btc withdrawal of 100btc
April 23, 2015, 05:58:43 PM
April 23, 2015, 05:06:35 PM
OMG really people?
To think that someone all of a sudden , being and early bird, would decide to offload all those coins right now is comical.
Plus any moron with half a brain knows that people are always watching, why create panic?
To think that someone all of a sudden , being and early bird, would decide to offload all those coins right now is comical.
Plus any moron with half a brain knows that people are always watching, why create panic?
Well, in order to push the price down maybe?
but I don't really think that people would go to such lengths as to move their cold storage coins, especially that many. It could simply be someone putting their coins into another form of cold storage. It could also be an exchange shifting around some coins. 
April 23, 2015, 05:01:29 PM
Maybe it was a sale to someone who wanted a ton of coins with no slippage? Maybe they're preparing to sell them on an exchange? Who knows.. but "they sent them to a new wallet and then spend 100" makes no sense.
He sent 100 from the 70k address. The 70k (minus the 100) is still sitting in the original address. It was simply sent back as change.
April 23, 2015, 04:58:38 PM
Maybe it was a sale to someone who wanted a ton of coins with no slippage? Maybe they're preparing to sell them on an exchange? Who knows.. but "they sent them to a new wallet and then spend 100" makes no sense.
He sent 100 from the 70k address. The 70k (minus the 100) is still sitting in the original address. It was simply sent back as change.
What do you think was the point of that
April 23, 2015, 04:58:20 PM
April 23, 2015, 04:54:29 PM
Maybe it was a sale to someone who wanted a ton of coins with no slippage? Maybe they're preparing to sell them on an exchange? Who knows.. but "they sent them to a new wallet and then spend 100" makes no sense.
He sent 100 from the 70k address. The 70k (minus the 100) is still sitting in the original address. It was simply sent back as change.
April 23, 2015, 04:51:42 PM
OMG really people?
To think that someone all of a sudden , being and early bird, would decide to offload all those coins right now is comical.
Plus any moron with half a brain knows that people are always watching, why create panic?
That's what the Bitstamp "Bearwhale" did on october for around $10M worth of BTC sold at $300. A pretty good deal if you ask me (since he didn't sell before).To think that someone all of a sudden , being and early bird, would decide to offload all those coins right now is comical.
Plus any moron with half a brain knows that people are always watching, why create panic?
Say you hold a $10 million in BTC that you haven't touched for two years while you see price going down for more than a year and it doesn't seem to recover.
Eventually the thought of seeing your small fortune vanish is too much and you decide that enough is enough.
Not saying that those days destroyed are somebody who wants to insta-dump everything tomorrow. Just saying that early HODLERS starting to run out of patience now is perfectly understandable, possible and even rational (better to secure some profits regardless of what happens after even if a little late than be left with almost nothing if the descent continues or something really bad happens).
April 23, 2015, 04:46:16 PM
OMG really people?
To think that someone all of a sudden , being and early bird, would decide to offload all those coins right now is comical.
Plus any moron with half a brain knows that people are always watching, why create panic?
To think that someone all of a sudden , being and early bird, would decide to offload all those coins right now is comical.
Plus any moron with half a brain knows that people are always watching, why create panic?
April 23, 2015, 04:43:25 PM
taken from stackexchange.com with 84 upvotez:
"With "bitcoin days destroyed", the idea is instead to give more weight to coins which haven't been spent in a while. [ ... ] This is believed to give a better indication of how much real economic activity is occurring on the bitcoin network. [ ... ] The graph of overall bitcoin days destroyed is believed to show that the genuine level of activity in the Bitcoin economy is continually increasing [ ... ]"
"With "bitcoin days destroyed", the idea is instead to give more weight to coins which haven't been spent in a while. [ ... ] This is believed to give a better indication of how much real economic activity is occurring on the bitcoin network. [ ... ] The graph of overall bitcoin days destroyed is believed to show that the genuine level of activity in the Bitcoin economy is continually increasing [ ... ]"
Well, just looking at those huge spikes we can tell that the graph does not show "genuine level of activity in the Bitcoin economy".
The explanation given by other posters for the last spike, in particular, shows why: "coins moved" does not mean "coins changed hands". That goes for "old" coins as well for "new" ones.
April 23, 2015, 04:39:23 PM
Maybe it was a sale to someone who wanted a ton of coins with no slippage? Maybe they're preparing to sell them on an exchange? Who knows.. but "they sent them to a new wallet and then spend 100" makes no sense.
He sent 100 from the 70k address. The 70k (minus the 100) is still sitting in the original address. It was simply sent back as change.
April 23, 2015, 04:35:32 PM
No, unspent outputs count in bdd.
April 23, 2015, 04:34:02 PM
Oh. Wow.
Any more details?
https://blockchain.info/tx/97facbd7e07c4f3140d9ea167c2e54d85bc5f6fd04d9774d80b1284b706920ff
Im not sure where this is. If it was an exchange I would think they would of swept the wallet, or am I wrong?
Could be a lot of things. Perhaps Kraken moving funds in preparation for the MtGox proceedings.
I went back and checked some of the other historical spikes in BDD. They tended to correlate to spikes upwards, not downwards.
(Dec 13, Mar-Apr 14).
I hope we learn more details around this.
There is taint from here (2 yr old though)
https://blockchain.info/address/1BBqjKsYuLEUE9Y5WzdbzCtYzCiQgHqtPN
I don't know so *shrug*
Gox coins is best guess right now i think
Maybe this is a stoploss? Price is approaching the original buying price?
this guy/girl just send 101 btc of the 70k coins - the rest is still in the wallet ?!
finally someone who gets it
Maybe it was a sale to someone who wanted a ton of coins with no slippage? Maybe they're preparing to sell them on an exchange? Who knows.. but "they sent them to a new wallet and then spend 100" makes no sense.
April 23, 2015, 04:28:59 PM
Oh. Wow.
Any more details?
https://blockchain.info/tx/97facbd7e07c4f3140d9ea167c2e54d85bc5f6fd04d9774d80b1284b706920ff
Im not sure where this is. If it was an exchange I would think they would of swept the wallet, or am I wrong?
Could be a lot of things. Perhaps Kraken moving funds in preparation for the MtGox proceedings.
I went back and checked some of the other historical spikes in BDD. They tended to correlate to spikes upwards, not downwards.
(Dec 13, Mar-Apr 14).
I hope we learn more details around this.
There is taint from here (2 yr old though)
https://blockchain.info/address/1BBqjKsYuLEUE9Y5WzdbzCtYzCiQgHqtPN
I don't know so *shrug*
Gox coins is best guess right now i think
Maybe this is a stoploss? Price is approaching the original buying price?
this guy/girl just send 101 btc of the 70k coins - the rest is still in the wallet ?!
finally someone who gets it
April 23, 2015, 04:25:11 PM
Oh. Wow.
Any more details?
https://blockchain.info/tx/97facbd7e07c4f3140d9ea167c2e54d85bc5f6fd04d9774d80b1284b706920ff
Im not sure where this is. If it was an exchange I would think they would of swept the wallet, or am I wrong?
Could be a lot of things. Perhaps Kraken moving funds in preparation for the MtGox proceedings.
I went back and checked some of the other historical spikes in BDD. They tended to correlate to spikes upwards, not downwards.
(Dec 13, Mar-Apr 14).
I hope we learn more details around this.
There is taint from here (2 yr old though)
https://blockchain.info/address/1BBqjKsYuLEUE9Y5WzdbzCtYzCiQgHqtPN
I don't know so *shrug*
Gox coins is best guess right now i think
Maybe this is a stoploss? Price is approaching the original buying price?
this guy/girl just send 101 btc of the 70k coins - the rest is still in the wallet ?!
April 23, 2015, 04:20:11 PM
Holy cow, we haven't seen that since December of last year. Are there actually people waiting for something like this to happen in order to sell their coins as soon as the transaction hits the chain? I will always be really afraid that those coins will be dumped at spot price.
Why would someone who was bright enough to recognise early potential and patient enough to sit out the endless downtrend wake up one morning and destroy what they have with an exchange dump?
This comes up every single time there's a spike like this.
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