-Moving to cold storage
-Partitioning his coins into several wallets rather than on single one
If im a whale i would definitely do the same.
Topic: Why do whales move Bitcoin around from wallet to wallet? - page 5. (Read 3103 times)
Like you said they're whales, whales can't stay at point they move to different location at different time looking for other whales or small fishes to prey on. There transactions are mainly to earn more bitcoin for themselves for a short period of time then they move to another place to do same thing. This is also among the factor of that affects the market.
Many of those whales are probably businesses. Reasons for moving? Can be a few:
- consolidating the inputs
- move some big funds to cold wallet
- move funds out of cold wallet because of some withdrawals (move part to another address in the cold wallet, another part to withdrawal and another part to the hot wallet)
What business was it? They are totally anonymous?
What is the meaning of "consolidating the inputs"?
If I were a whale I'd do the same. For security reasons, for easy accessibility and much more. The wallets are like banks to them. I have quite a number of bank accounts, and I'm not very rich. So, I'd definitely have many wallets if I had the coins.
I think that you should read "check" or "monitor" instead of "control". I think that it was just bad wording. But yeah, let's see what he wanted to say.
@slow death:
Who controls something?
With BTC you are free to move your coins how you want. There is no goverment control.
Your posting reads like a conspiracy theory
Who controls something?
With BTC you are free to move your coins how you want. There is no goverment control.
Your posting reads like a conspiracy theory
Are they splitting the coin up into smaller wallets so they do not keep all their eggs in one basket? Any other reasons why?
Many of those whales are probably businesses. Reasons for moving? Can be a few:
- consolidating the inputs
- move some big funds to cold wallet
- move funds out of cold wallet because of some withdrawals (move part to another address in the cold wallet, another part to withdrawal and another part to the hot wallet)
So now people control transactions from those who have a lot of bitcoins? do these people who have many bitcoins have no right to do whatever they want with their bitcoins? should they be saying what they will do with their own bitcoins? then comes to say that governments are controlling and we have to break free of government control, but keep monitoring and tell what people who have a lot of bitcoins should or should not do with their bitcoins
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.
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.
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?
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?
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