Why do whales move Bitcoin around from wallet to wallet?

sheenshane

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Quote from: KyoRider on April 06, 2020, 06:53:20 AM

They used it to buy something or trade
They are moving it due to security reasons

I tend to agree on the last reason for security purpose why they are moving their Bitcoin to another wallet. But the fact is, there is no particular reason for this. We have a lot of theories and assumption about this, but they are the only one who knows the truth.

Probably they are just combining the total input in one wallet or it could be transferring funds from the cold wallet. But I believed most just because of the security matters.

KyoRider

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They used it to buy something or trade
They are moving it due to security reasons

Searing

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Clueless!

Quote from: natefielding on April 05, 2020, 09:01:53 AM

Maybe they use it to something or it can be also because of the security matters..

IF you have a 'big' 'blooming' Satoshi era type wallet and just move, say 100,000,000 USD of BTC to Coinbase and let such sit...folk 'freak out' if they find
such as on 'whale tracker' and 'assume' you are going to sell...then you sit back and simply move it off without selling and buy the dip that you caused...
this only works if you have one big fricking wallet IMHO of major market shaking noteworthiness. (Ah, I could have been 'so evil' and played this game
if I'd only found out about BTC in Jan of 2009 (took down like 5 towers of major bbs game server that same month and year... I woulda been primed...loaded and set..sigh
....instead of 2013.)

natefielding

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Maybe they use it to something or it can be also because of the security matters..

JohnBitCo

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Quote from: Aying on November 05, 2019, 06:35:20 AM

Quote from: Mpamaegbu on November 04, 2019, 04:30:19 PM

I think it's pretty much easier to see such movements of Bitcoin from one wallet to the other as a security measure, besides selling them at exchanges. People who have a huge holdings tend to keep them in private wallets and this is rightly so as that prevents exposing these whales to the risk of rogue hackings at exchanges.

You are right, they are securing their funds at all cost. we know that whales are the huge holders in this industry. they only want their funds not be involve on a hackers desires. they avoid it to them to be hack. that idea is already scattered even in hackers eyes and ears. but they can't stop them to hold and gain more. knowledgable whales are wiser now to hinder any acts of evil deeds.

I do not think whales move the bitcoins to secure their bitcoins from the hackers. They move big amount of bitcoins from one address to another to make the impression that bitcoin is going to be dumped and to manipulate the market. Sometimes they even sell them to dump and other times they do it to create to panic and take advantage of the situation.

old fart

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Bitcoin is the future

Could be for security reasons, might also be for payments.
Sometimes it could be the just want to move their funds around to check if it is still under their control, lol.

miningguru

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Quote from: Sadlife on March 18, 2020, 03:57:08 AM

Probably they're diversifying their Cryptocurrencies and breaking it to smaller pieces cause they're probably thinking that "these wallets might have exploits resulting in security breach" basically they dony trust them. Especially with the recent hacks in Coinbase and other exchanges, that's just how i see it.

Exactly, this is a different kind of technique for them to be safer from the market because which we don't is going to happen in the next second about the market and to the exchanges. A person who has huge funds will always move their funds to different wallet in order to safeguard their funds.

btcltcdigger

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To boldly go where no rabbit has gone before...

Quote from: mr.relax on July 31, 2019, 12:18:31 AM

To move coins means to use BTC for to pay something.
Maybe to reorganize also keys, g.e. an exchange has a new ceo,
so the cold wallet keys have to be different ones than before.

Or it could be a scare tactic.
There's a lot of bots watching these high value wallets, and whenever one is being tampered with, the interest's heart skips a beat as everyone is wondering if a big dump is coming.

Sadlife

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Probably they're diversifying their Cryptocurrencies and breaking it to smaller pieces cause they're probably thinking that "these wallets might have exploits resulting in security breach" basically they dony trust them. Especially with the recent hacks in Coinbase and other exchanges, that's just how i see it.

Bezobraznike

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Quote from: Moshaid on February 22, 2020, 02:40:35 PM

Most of these whales wallets are owned by institutional investors, this type of investors are always using they're funds for huge transactions payment which results to keying down a different investment at the end. The idea of moving funds from one wallet to another is actually not advisable but once a user detects prone in such wallet, the best move is to transfer it out to a different wallet do avoid lost of funds.

One of the possible reasons to move huge amounts of Bitcoins is a security! Is it a breach or whale found a wallet with better security,
nobody can say. There are many possible reasons why someone is moving Bitcoins from one place to another.
I saw some people trade on these movements. They follow exchange addresses and monitor all big incoming or outgoing transactions.
It's interesting for me to read about transactions of huge amounts, and possible reasons for that. I usually see some of that on Twitter,
but I do not trade based on this informations.

Moshaid

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Most of these whales wallets are owned by institutional investors, this type of investors are always using they're funds for huge transactions payment which results to keying down a different investment at the end. The idea of moving funds from one wallet to another is actually not advisable but once a user detects prone in such wallet, the best move is to transfer it out to a different wallet do avoid lost of funds.

bearexin

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Quote from: mr.relax on February 17, 2020, 06:42:30 AM

Whales do the same as everyone does.

That exactly is the point. Even whales are normal individuals who would like to spend their bitcoins in various such activities. Also most of the whales might even be doing arbitrage trading to make profits from the small price errors on various exchanges and even in this situation they might need to move their bitcoins from one exchange to the another.

Some big whales might even transfer huge amounts which might even give them higher profits. Whales are the ones who usually make most profits from any market movements and in order to make such enormous profits, they do need to move their bitcoins from wallet to wallet or from exchange to exchange. There is nothing new in this.

hahay

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Quote from: fullhdpixel on February 19, 2020, 07:33:41 AM

Quote from: FanatMonet on February 11, 2020, 08:12:19 AM

In general, storing a large amount on one wallet is highly discouraged, it can be hacked, your computer may just fail, you can forget the password and much more. Therefore, breaking a deposit into multiple addresses is a very good idea, especially if you have a large amount.

This could actually make us loose some huge amount in fees. How could it even be possible to break down our whole amount of bitcoins into smaller amounts and then store them on various wallets? This would only lead to lose some excess amount in fees as even transferring smaller amount if bitcoins would cost you the same fees. This is not something which whales might be considering.

There are a lot of secure storage which are been introduced and whales might be storing their excess bitcoins which they have intentions to hold for years into such cold storage and rest they might actively trade with the remaining bitcoins and might shift them from one wallet to the another.

I'm sure fees are not a problem for whales because they have a lot of funds and of course fees are not a problem for him and indeed, anticipating for bad things becomes an important part for them because with them having a lot of bitcoin at least do a separation of one third of coins owned or whatever what they want is a sensible idea but not just to move from wallet to wallet because it is a bad idea, the reasons above still make sense because after all the transactions made whales will at least be of concern to us because the transactions they make will be done in large quantities.

fullhdpixel

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Quote from: FanatMonet on February 11, 2020, 08:12:19 AM

In general, storing a large amount on one wallet is highly discouraged, it can be hacked, your computer may just fail, you can forget the password and much more. Therefore, breaking a deposit into multiple addresses is a very good idea, especially if you have a large amount.

This could actually make us loose some huge amount in fees. How could it even be possible to break down our whole amount of bitcoins into smaller amounts and then store them on various wallets? This would only lead to lose some excess amount in fees as even transferring smaller amount if bitcoins would cost you the same fees. This is not something which whales might be considering.

There are a lot of secure storage which are been introduced and whales might be storing their excess bitcoins which they have intentions to hold for years into such cold storage and rest they might actively trade with the remaining bitcoins and might shift them from one wallet to the another.

tianxie

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Quote from: Pipdips on July 30, 2019, 10:04:43 PM

I read this today and it made me wonder what exactly is the purpose of whales moving Bitcoin around like this?

https://www.fxstreet.com/cryptocurrencies/news/bitcoin-whales-move-3-billion-in-just-six-hours-201907302301?utm_source=tradingview&utm_medium=rss&utm_campaign=254b9d70-7c4b-481b-a94e-aaac0c60ed14

Are they splitting the coin up into smaller wallets so they do not keep all their eggs in one basket? Any other reasons why?

Its OTC deals

mr.relax

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Whales do the same as everyone does.

You transfer if you buy something.
You transfer if you exchange.
You transfer if you consolidate small amounts.
You transfer if you give a loan.
You transfer if you invest.

You receive if you sell.
You receive if you borrow.
You receive if someone invests in your business.

And you transfer if you want to give different people access.

This is no miracle. Whales dont only hodl.

Bitcoin as money would be stupid to only hold.
Cryptos 2020 have to generate interest rates.

FanatMonet

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In general, storing a large amount on one wallet is highly discouraged, it can be hacked, your computer may just fail, you can forget the password and much more. Therefore, breaking a deposit into multiple addresses is a very good idea, especially if you have a large amount.

@prashant

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They generally do many times in a year , i think two more reason they do it, first is that they want to show or depict that whales are alive , second they want to show that either dump or pump is coming so that there will be hype around it, so they can control the movement.

Baoo

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Possibly because the cold wallets are always safe and the whales are always trying to find a way to secure their amounts of Bitcoin, I don't know if this is really useful or not but in my opinion, when your wallet keys are safe then you will never be stolen.
Plus, the security is essential especially when you have a huge amount of BTC or other crypto except tokens because most of them are trash and unprofitable.

TinaK

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As I heard whales are mixing the funds and receive their funds to the key wallets or hardware wallets in such a way.
If there is people to sending the funds to different wallet in the sense we need to conclude they might having hacking threats to their wallet. Other than that I don't think is there any reasons to do such thing.

Topic: Why do whales move Bitcoin around from wallet to wallet? (Read 3103 times)