Topic: Whale transfers 1000 BTC from Bitstamp exchange to External wallet (Read 331 times)

I do not understand your theory that much, and how the movement of bitcoin from one wallet to another could mean that we are in accumulation period, if the theory was that they moved fiat into btc, and the transferred it to a wallet, then I could agree with what you are saying. Moving the 1000 btc from the bit stamp to another wallet could be that the whale is moving it to a wallet where it could be sold for the purpose the owner wants to use it for.

If you say we are in accumulation period, I would agree with you, but it would be on another reason and not the reason stated here. This currency price is very attractive, although i still have some analyst that made me understand the price could make more correction in the coming weeks and going to $7000 is something that is unavoidable.

We never know what is it sign but in my opinion it can be that whale just want to stored his coins and waiting for something? It can be a sign too but only you know, we never know about that. The thing is there must be a reason why that whale moving 1000 BTC from an exchange to external wallet.

Don't assume early. We don't even who are/is behind those huge transaction, what if the exchange is involved on that transaction or some price manipulation only?
Or maybe it is a bear trap to just manipulate the emotions of every trader?
Well, I'm not against it. But whenever I see that kind of transaction (transfer from an exchange to external wallet) is considered buying/hodling. But what if those kind of transactions is to transfer in different exchange and dump it?

it is just not possible for this amount be a "purchase" because you simply can not transfer $8 million (the fiat not equivalent) from your bank to a bitcoin exchange. the bank simply won't allow it. they are closing down accounts for a lot less values such as a couple of thousand dollars!

I was wondering if this is a coincidence or not since its has been observed and reported that there is a trend of increasing Bitcoin addresses that holds 1K BTC or more. While some are suggesting whales are accumulating, I personally believe big investors and institutions have  joined the bandwagon which could be an indication of a bullish sentiment in crypto.

Related thread: A rise on Bitcoin addresses that holds 1k BTC or more is a bullish sign!

This made me take a look at whale-alert's website. They only really watch and tweet about transactions exceeding $500k USD value. You could maybe pay to be informed about transactions as small as $100k USD.

So ... as a small fish in a big ocean, that's a good number to avoid hitting anytime soon. I don't mind sticking to a maximum of $100k USD in one transaction every few days and I'll probably be below the radar. Heck, it's hard enough to legitimately earn $100k USD per year.

Seriously, anyone with that amount of money should not keep it on any exchange, no matter how reputable it may be.

And yeah, I'd like to see some proof of this myself--but I don't think this is all that important in any case.  Somebody with deep pockets might be moving their purchase to a secure wallet--smart move--or it could be any number of other things.  But this isn't going to affect the price of bitcoin, and I'm not sure it really means anything.

It's the right step for anyone to take, no matter how much bitcoin they have on an exchange.  That's the first thing anybody new to bitcoin should learn:  don't keep your coins on an exchange.

Meaning to say, that we don't need to worry about bitcoin's market value to lower down, if in case that hodlers and whales are the ones who are planning the majority of the future for bitcoin cryptocurrency. For us as well, we can still have hope through this information as there's no reason for us to sell or convert our cryptocurrency to our fiats. Just consider that, what the whales are doing should be what the small investors are doing.

that was my point also.
i never said the transaction never occurred. in fact all these transactions are real and are also common.
what i said was that there is no reason for anyone to conclude that it was a whale withdrawing funds from Bitstamp. besides in my opinion since the amount is high (1000 BTC) it has a higher chance of NOT being a withdrawal!

If that is a purchase yes, a big whale just accumulated a big amount of bitcoins and I doubt whales are buying when the market is about to go down especially when the funds are being withdrawn to a personal wallet but if they whale already had the bitcoins in Bitstamp exchange its a just a moving transaction as he is in full control of its funds and maybe he is about to move them to another exchange or simply he stop using exchanges and is waiting for the market to swing from bear to bull. Personally if I had that big amount if bitcoins , I would hold them in multiple wallets for extra safety , also cold wallets because so far every year a big exchanges get hacked so why risk it to have it there ?

Someone just decide to keep his coin out of the exchange, isn't that what is being advised most o the time that it isn't safe to keep coins in the exchange?

This move can be a cue that bear is over. They have accumulated a lot so they move gradually their coins out, this could be the exchange itself or a trader whoever he was, we can look at it like he set aside these coins for keeps. If he is someone who withdraw all his funds then he must have gave up taking profits already and just want to hold.

This is what I am thinking too. This is exchange fund and maybe moving to a more secured wallet.Though we are just speculating here, since the transaction is anonymous, we can say too that it is from a whale. Though it can signal that whales are accumulating,I dont think it can hype the situation.Good then that someone is buying by bulk and hold.

Ive read this news earlier today. Though the OP totally copy pasted everything in this article : https://beincrypto.com/whale-moves-1000-btc-to-external-wallet-prepare-to-hodl/amp/

I dont think its a "whale move", even though we are considering a person/company who has 1000btc in his possession a "whale", but Im guessing its just a normal transfer. Not, unless if we're seeing similar things happened simultaneously.

If they transfer from Bitstamp maybe they are buyer from there than choose to hold it or the second scenario that is by Bitstamp itself  
We need see the received address, is it want sending again or not. Maybe around 1 week i will try see it.
If not moved, yes a chance he hold it. But if moved that address maybe cold wallet from Bitstamp.
There is many possibility. So keep believe with yourself.
I think Bitcoin will stronger soon!

It might not necessarily be a purchase but just transferring of funds from an exchange entity up to an individual's wallet. Or it could be someone trying to wash away the tracks/origins of their coins that's why they sent it to Bitstamp then out into the open again. 1000BTC is a lot of coins in today's standards, though not that big in comparison with other whales in the ecosystem. Nevertheless, this movement will not trigger any substantial price movement anytime soon, as it is still considered as a drop in the ocean of bitcoin.

Red-Apple, from the posted link (https://whale-alert.io/transaction/bitcoin/1397f8e570ec545ea558cf21e8007936bea4ea895a65def750df4ed2ffecf866/1) we can navigate to this transaction, and from there we can use WalletExplorer to check any address from the transaction.

I check just the first 2 addresses, and both really belong to Bistamp, which is proof that coins are moved from this exchange to address which is from an unknown owner.

Although it may seem to someone that this is a big player, 1000 BTC in fact it is a very small amount considering nearly 18 million of mined coins. It should be considered though that this is not whale move, maybe exchange is just moving coins to another address.

What made you think it was an individual and not a company? Whatever entity it was this should be a good sign. Everyt time BTC is moved outside an exchange it should be viewed as positive news as the owner can't directly liquidate those within a push of a button. Anyway I don't think a whale holding this amount of BTC would just sell them at market price, instead he would strategize his orders like a good investor/trader.

If this transaction actually happened then it could just be a whale who doesn’t intend to sell anything atm so moving coins off an online exchange is a clever thing to do.

It could easily just be Bitstamp transferring funds too. Either way 8.4 million USD worth isn’t all that much in the grand scheme.

Possibly tho, because some people tend to believe that there will be a good move coming if some "whales" are transferring huge amounts of bitcoin that there must be something that will happen in just few weeks. Or this is just a decoy or just some normal balance movement from bitstamp itself.

When it comes to Bitcoins and cryptocurrencies potential prices, thee is nothing as facts, even those who claim to be experts in the matter of cryptos are just merely making speculations and nothing else. When a whale moves their bitcoins to another wallet only the whale knows the reason why he's doing that.

it is baseless because the source you are using is baseless.
in other words the website called whale-alert is a baseless website that is "alerting" you whenever it catches a large transaction which it misses most of them by the way! and then to make it look interesting they add some guesses to it and publish it as facts.

It may be both, this may bring hype since this has been seen already by many traders/holders/investors. This may bring an effect to its price by the next following days or months. Its still early to predict and its really hard to tell the next following things to happen in the market.

Okay this make sense now.
So roughly, 1,289 bitcoin is in the wallet which is totally crazy. Though, it's too early for now to speculate about sudden pump.

Or could this be just hyping?

It was transferred to their own wallet, and that wallet was considered as HODL wallet, which means an individual whale is holding 1000 BTC. A lot of people are already talking about this and they can see that this might be the sign of an increase in the price of bitcoin.
See narrative part below posted by OP

Sorry for the inconvenience, but this is a document that I trotted. so it is absolutely not baseless


Transactions recorded by Whale Alert.
 

Whale Alert@whale_alert



1,000 #BTC (8,380,470 USD) transferred from #Bitstamp to unknown wallet

Tx: https://whale-alert.io/transaction/bitcoin/1397f8e570ec545ea558cf21e8007936bea4ea895a65def750df4ed2ffecf866/1 …

113
2:21 PM - Oct 13, 2019
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31 people are talking about this


 

Whale Alert@whale_alert



1,000 #BTC (8,380,470 USD) transferred from #Bitstamp to unknown wallet

Tx: https://whale-alert.io/transaction/bitcoin/1397f8e570ec545ea558cf21e8007936bea4ea895a65def750df4ed2ffecf866/1 …

113
2:21 PM - Oct 13, 2019
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31 people are talking about this

"Switch to HODL wallet"

Transactions recorded by Whale Alert.
 
Whale Alert@whale_alert

1,000 #BTC (8,380,470 USD) transferred from #Bitstamp to unknown wallet

Tx: https://whale-alert.io/transaction/bitcoin/1397f8e570ec545ea558cf21e8007936bea4ea895a65def750df4ed2ffecf866/1 …

113
2:21 PM - Oct 13, 2019
Twitter Ads info and privacy

31 people are talking about this


Whale Alert@whale_alert

1,000 #BTC (8,380,470 USD) transferred from #Bitstamp to unknown wallet

Tx: https://whale-alert.io/transaction/bitcoin/1397f8e570ec545ea558cf21e8007936bea4ea895a65def750df4ed2ffecf866/1 …

113
2:21 PM - Oct 13, 2019
Twitter Ads info and privacy

31 people are talking about this

"Switch to HODL wallet"

Wait I'm a bit confused. Did they just purchase 1,000 BTC of coins off bitstamp and their transfer it into their own wallets, or did they just withdraw funds from the exchange - not sure who would keep 8 million on bitstamp.

OP, your links are working, and I can't understand whatever it is you posted, can you please edit it? Also can't find other stories about this and can't find a TXID..?

Yes, I also did not find Tx, the hash that was traded 1000BTC because there was no article link? how do i know this is a whale or a bitstamp that did it.

Vietnamese articles are difficult to translate automatically so this confuses me. 

@OP

How do you exactly know that the bitcoins are transferred from an exchange wallet to a personal wallet?

The link you have posted, has nothing to do with the content and context of this thread. Would you mind rechecking and updating the link to the correct one?

Your link is in the Vietnamese language and unfortunately, can't be translated.


Okay? Where is the transaction hash?
Moreover, you sounded skeptical. Don't get me wrong, I also have my hopes about Bitcoin but I think this has nothing to do about the price.

I do agree with these statement that there is a high possibility that the 1000 btc being transferred was in fact done by bitstamp itself. But still there is a small possibility that it was done by a whale since we do not have a clear evidence as to who really transferred the amount. But even it is only a slight possibility that a whale is the one who did it then I guess Ill have to take in the news and prepare even if the possibility is small.

all you know is that X amount of bitcoin has moved from address1 to address2. everything else (such as this being a whale and not being Bitstamp itself) is purely your imagination.

that is a bullshit website created to only get traffic by posting nonsense about large transactions.

altcoins can only keep up with bitcoin if and only if they start having real world usages, otherwise as long as they are purely for trading purposes they won't even survive in long run let alone keep up!

A major player in the cryptocurrency market has just withdraw 1,000 BTC ($ 8.4 million) from Bitstamp to an External wallet. Is this a sign that Bitcoin is accumulating?

The leading digital currency has held steady around $ 8,300 and seems to prove the mistake of many bears that have called for further breaks below $ 8,000. Instead, Bitcoin remains relatively stable and strangely low volatility.

see more Designing bitcoin exchanges: https://vakaxa.com/vi/cong-ty-thiet-ke-website-san-giao-dich-tien-ao-coin-tai-viet-nam/

With the stability of Bitcoin price, some whales are getting attention - it seems to be a clear sign that we are in a period of accumulation.
An individual earlier today transferred 1,000 BTC (worth about $ 8.3 million) from Bitstamp to an External wallet. Transactions recorded by Whale Alert.
1,000 BTC was sent to a whole new address. This means it has been specifically made to accumulate this BTC. As one user on Twitter wrote, this whale simply transferred their BTC to the "HODL wallet".

Bitcoin has proven resilient at this price level and fears of a collapse are regressing. Panic increased when Bitcoin posted a two-digit loss two weeks ago just a day after Bakkt was released. There were expectations of further price collapse, but this has not yet happened. Instead, we now have a period of time for traders to recover. Bitcoin remains stable and many large altcoins have broken out of support.

The stability of Bitcoin is good news for the entire cryptocurrency market. It has a cumulative period and is the time for other cryptocurrencies to keep up with Bitcoin. It remains to be seen how long this stable period will last before Bitcoin decides its time for again