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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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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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.

qwertyup23

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

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

Well that could be one possible reason on why they allocate their resources into several accounts for security reasons or because they have multiple large transactions. I mean, if I were to own significant amounts of BTCs, I will never be too sure in which wallet I should store them (definitely a physical wallet!).

Another reason could also be a manipulation or control in the market as movements of large amounts of bitcoin tend to startle the market and cause effects on its price. At the end of the day, whales would do anything that would gain more BTCs at their end.

deviant99

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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?

for safety reasons i think if you have big funds in your wallet you might want to check it regularly and move it to other wallet like offline wallet it is to risky to trust in here in the internet

TGD

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Wen Rolex?

To manipulate trading on exchange or that whale wallet is actually a property of a group of investors such as multi signature wallet. But I believe it's trading related, I already read some article about this.
They are participating on exchange trading competition which requires volume to determine the winner. They use multiple wallet to trade to each other, Buying and selling on other accounts bid/order.
This is a common practice of whales to benefits on the rewards.

Aying

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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.

Mpamaegbu

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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.

Mpamaegbu

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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.

shield132

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Quote from: 13abyknight on September 29, 2019, 10:44:42 AM

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

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

There is a wide possible range of speculations that we can make when it comes to why whales move their coins around. Firstly, with whales being whales, it could be an attempt at market manipulation, trying to cause some FUDs when big amounts are seen moving on the blockchain. Secondly, although unclear, it could also be a result of coin tumbling, which the big traders use to get their hands on untraceable coins.

Got it, great comment there. I don't know why but a lot of people thinks it's because they have to move their coins from old wallets into new ones and keep them secure and etc. Well, yes, at some point such transactions are done by exchanges for those purposes but that's rare and it doesn't shine too. But usually whales do huge transactions to gain attention from others because it usually gets under attention very easily and famous news websites like cointelegraph, ccn and etc often post about huge moves from one wallet to another which is an extra help for them to achieve their goal.

13abyknight

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Being a whale is quite the hard task itself as it involves a huge degree of risk of losing a lot of money all at once, all because of one bad decision. Wallet and coin storage services are sometimes known to be shady and any sort of shady activity seen by the user will result in them wanting to move the huge funds to a more secure location.

Drai

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It's basically about security, judging by the biggest bitcoin heists in history, we know that very few things are impossible to hack and the whales know this and having such large funds in one place can be pretty nerve wracking, if I was the one, I wouldn't be able to sleep at night because I would be so scared of a hack attack that might make me lose all my funds, additionally they might also divide it for different purposes, maybe keep different amounts of coins for different purposes, maybe one for HODL, one to trade, one for expenses and so on, to avoid touching the funds you don't wanna touch and additionally, wallets with big funds tend to draw attention so splitting it up removes some of the attention from the funds.

boltz

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Whales nowadays are moving their Bitcoins to cold wallets in order to extra secure their wallets as I would do the same if I had a big amount if coins. Also I wouldn't keep my coins more than 3-4 months in the same wallet and I would move them from an address to another in order to loose the trace of hackers ( as I know there are a lot of them trying to scam people with a lot of bitcoins ). Another reason would be that maybe some wallets are owned by exchanges and they often move into cold wallets ...so there are plenty of reasons why whales and exchanges won't keep the Bitcoins to the same addresses but splitting them into multiple wallets with pieces of bitcoin each other is not an ideal solution.

Apes

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They split into small pieces there must be a reason, Maybe they are trying to avoid hackers to always move their funds randomly. Or by having different addresses, aim to make deposits at one or several specific addresses in exchange to look normal. Does not cause an issue that does not ruin the market.

Ridwan Fauzi

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Quote from: gandame on October 11, 2019, 05:52:24 AM

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

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

Maybe they move it because they pay like online or maybe they move some into there wallet to protect there bitcoin. They keep it safe as you said air maybe they don't want to put an eggs in one basket. Many people are holding big amount of bitcoin so they want to keep safe there bitcoin.

Hmmm...I can't imagine how you thinking from these word. These word is indeed often to use to give a suggestion to everyone in order to they don't choose one place investment to store their money. So, they just store their money to one place only and it is bitcoin. But the purpose of these word (idiom) is you have to choose another place to store your money such as in ETH or LTC. So, to pair up this idiom with what whales action as OP said it is not suitble. And maybe you have to know, the safest way to store bitcoin it is not in an exchange, you will have many risk that will you face. But hardware wallet is the best place as far as I know.

gandame

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

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

Maybe they move it because they pay like online or maybe they move some into there wallet to protect there bitcoin. They keep it safe as you said air maybe they don't want to put an eggs in one basket. Many people are holding big amount of bitcoin so they want to keep safe there bitcoin.

Shasha80

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Many reasons for whales to move bitcoin around from wallet to wallet, the first reason maybe whales want to make
panic sell. So people who lack knowledge and the newbie will sell their cheap coins, so whales can buy these cheap coins.
The second reason for security, we know that some exchanges have been hacked even with high level of security.
Therefore whales move the coin into several wallet / exchanges, for example if one of the wallet in hacks will not have total loss,
because it still exists in another wallet. This is just my guess which could possibly be wrong.

rocku12345

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Quote from: slaman29 on October 03, 2019, 03:53:56 AM

Quote from: lab rat hoax on October 01, 2019, 04:42:31 PM

I think the important reason is not to put the eggs in the same basket, but of course there are other reasons as well. For example, sometimes I think they do this just to create a panic atmosphere in the market. That is, when we see a large amount of bitcoin transfers from a fixed wallet to a stock exchange wallet, we think that bitcoin will come with a huge sales pressure and the price will drop.

I've seen some people consider crypto the same basket, and any eggs you put into any alts are really the same basket. That's actually true in my experience anyway, although I would say there are two compartments in the basket: Bitcoin and good alts.

Unproven alts and tokens and ICOs? Those aren't baskets. Just roulette.

Why unproven ? There is IEO system today where you can be at least to be confident that receive coins. Good alts are result of deep analyze of today`s market.
Today most of whales are speculants, they want to make some waves on the market for their profit. You know that a lot of traders are neurvy and unexpiriencied, so one of whales mission is to force them to sell or buy.

slaman29

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Quote from: lab rat hoax on October 01, 2019, 04:42:31 PM

I think the important reason is not to put the eggs in the same basket, but of course there are other reasons as well. For example, sometimes I think they do this just to create a panic atmosphere in the market. That is, when we see a large amount of bitcoin transfers from a fixed wallet to a stock exchange wallet, we think that bitcoin will come with a huge sales pressure and the price will drop.

I've seen some people consider crypto the same basket, and any eggs you put into any alts are really the same basket. That's actually true in my experience anyway, although I would say there are two compartments in the basket: Bitcoin and good alts.

Unproven alts and tokens and ICOs? Those aren't baskets. Just roulette.

carlisle1

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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?

WHY seems bothered for bitcoin owners moving their currency here and there?does this concerns you at all?at some point you have already given one of the good reason why they’re doing that or so.

Putting your eggs in one basket in crypto is stupidity since we knew ho great hackers is.

Or maybe the whales is keeping precautions to move bitcoins from time to time so hackers that targeting them won’t concentrate to victimized their wallets since it was moving all around

But in anyway?its their right and you must no care about it

joinfree

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The fact the coin is moved does not mean to be spend. But to make a change it might be like they suspect someone they dont trust anymore might have their private keys. or there might be change in their executive so when ever there is change they must do change .

Pipdips

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About how many Bitcoins does it require to be considered a whale? About 1000 to be a mini whale, and 10000 to be a Big Whale?

If you find a different crypto that is inexpensive and listed on an exchange that shows barely any trading activity on that cyrpto at all, and you go in there with just $1000 worth of that crypto... you can be a whale, right? Not a "Bitcoin whale" but a whale none the less, right?

Shinpako09

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There are many possible answer on why whales keep on doing such thing. Splitting it up, business, market manipulation, security purposes, etc. For you to know what exactly their reason is, ask a whale or become a whale, which is both hard thing to do. For me the nearest possible answer is because of market manipulation. Whales do exist and we all know if they make a move, it creates hearsay from others mischievous thinking without even a basis, resulted into moving the market into their favor.

lab rat hoax

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I think the important reason is not to put the eggs in the same basket, but of course there are other reasons as well. For example, sometimes I think they do this just to create a panic atmosphere in the market. That is, when we see a large amount of bitcoin transfers from a fixed wallet to a stock exchange wallet, we think that bitcoin will come with a huge sales pressure and the price will drop.

Pipdips

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A whale must have a much different trading experience than me because everything they do causes a magnitude of big waves and big reactions. They are on a much weightier level. I feel like a little Minnow compared to them. Or like a mere Plankton floating haplessly in the sea.... Cheesy

ardentvolcanoes

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Quote from: wxa7115 on September 24, 2019, 09:48:58 AM

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?

There are many reasons of why whales could do something like this, the most obvious is that they could feel that there was a chance that their private keys were compromised at some point in the past and they decide to move their coins from an address that could be compromised to a new address that doesn't have that problem, as you say it is also possible that they decide to split their coins to different addresses in order to protect themselves in the case a hacker can obtain one of their private keys.

Now it is also possible that they are doing this in order to create excitement over bitcoin because as we know if someone moves such a huge amount of money then that is bound to make the news.

It's possible that they are working or cooking some news to create artificial movements, either they wanted to pump or dump the value of Bitcoin. There's one common thing from each whales, they always wanted to have control with the market conditions. But there's also some point from what OP's interpretation, it's also possible that they don't want to be compromise and they are protecting the assets that they've hold.

Bezobraznike

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Quote from: 13abyknight on September 29, 2019, 10:44:42 AM

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

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

There is a wide possible range of speculations that we can make when it comes to why whales move their coins around. Firstly, with whales being whales, it could be an attempt at market manipulation, trying to cause some FUDs when big amounts are seen moving on the blockchain. Secondly, although unclear, it could also be a result of coin tumbling, which the big traders use to get their hands on untraceable coins.

Moving huge amounts can be just a market manipulation, now you reminded me about many news articles I have seen
about moving huge amounts of Bitcoins from one wallet to another. It`s very logical when you think about it. In these
articles they talked about addresses and how some of them are exchanges addresses.
Like you say 13abyknight, moving Bitcoins from one wallet to another can be anything. We can just speculate why
someone is transferring so much money. Maybe it`s not polite to know if it`s something personal.

13abyknight

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

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

There is a wide possible range of speculations that we can make when it comes to why whales move their coins around. Firstly, with whales being whales, it could be an attempt at market manipulation, trying to cause some FUDs when big amounts are seen moving on the blockchain. Secondly, although unclear, it could also be a result of coin tumbling, which the big traders use to get their hands on untraceable coins.

bozo333

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When there is a need or they need to exchange into as a fiat cash.

I usually move the funds to my exchange wallet and while on conversion too.

carlfebz2

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Quote from: Muzika on September 28, 2019, 05:34:07 AM

Whales influence the Bitcoin market trends by utilizing certain trading strategies. The Rinse trade is more effective when utilized by a whale, as they have enough assets to trigger a price movement. To achieve this, the whale sells off a large amount of Bitcoin at prices lower than the market rate. This move could cause a chain reaction in the market as small traders panic and sell off their Bitcoins. The panic sell-off would cause the price of Bitcoin to reach a new low, and the whale buys more Bitcoin than he or she had originally sold. Repeating this technique is what they call the "Rinse and Repeat Cycle".

This wont really be easily to attain yet majority of exchangers now do have that sell limit. Ex. not going below or above $2000 on the current price.
If they do allow such margins or gaps then pure manipulation would really time to time.I do rather believe when a whale is on the move is on faking out sell or buy orders
when they are tending to crash or rise up the price.

Talking about on whales moving their funds from wallet to wallet then most likely the reason will be dividing up the risk on losing their funds.
As a part of their security habits they would do such thing.

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Whales influence the Bitcoin market trends by utilizing certain trading strategies. The Rinse trade is more effective when utilized by a whale, as they have enough assets to trigger a price movement. To achieve this, the whale sells off a large amount of Bitcoin at prices lower than the market rate. This move could cause a chain reaction in the market as small traders panic and sell off their Bitcoins. The panic sell-off would cause the price of Bitcoin to reach a new low, and the whale buys more Bitcoin than he or she had originally sold. Repeating this technique is what they call the "Rinse and Repeat Cycle".

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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?

There are many reasons of why whales could do something like this, the most obvious is that they could feel that there was a chance that their private keys were compromised at some point in the past and they decide to move their coins from an address that could be compromised to a new address that doesn't have that problem, as you say it is also possible that they decide to split their coins to different addresses in order to protect themselves in the case a hacker can obtain one of their private keys.

Now it is also possible that they are doing this in order to create excitement over bitcoin because as we know if someone moves such a huge amount of money then that is bound to make the news.

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Quote from: CryptopreneurBrainboss on September 12, 2019, 01:48:26 PM

Quote from: ololajulo on September 12, 2019, 04:25:27 AM

Quote from: CryptopreneurBrainboss on September 11, 2019, 09:24:10 PM

If they have to move the large amount of coin for security reason and at end of the day the world is watching and noticed, Do we still think the security reason must have been achieved?

The security here has nothing to do with the general public been able to track/monitor their fund as they can easily avoid that by making use of bitcoin mixers to break the transaction between their sending and receiving addresses. The security here, has to do with not putting their egg in one basket (I.e not storing all their bitcoin in a particular wallet). That way incase of any misfortunes they won't be totally affected.

To my understanding most whales aren't usually the type that stay hidden. They love the attention they get, that's why you see most of the so called crypto influencer (sometimes whales) declaring openly the amount of bitcoin they're holding while the whales that stay anonymous don't use mixers to hide their transaction. They leave them traceable to get the general public attention.

I'm believing the same thing that majority of them don't really mind too much to make themselves anonymous.What would be other things that can be done if some whales addresses being discovered out? None.

Public can see on how funds do moves but tracing up everynow and then would be a tedious task and a pointless one.I do agree about getting public attention which is definitely true but it depends because whales doesn't have the same personalities on how they do show-off or not with their current holdings.

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Quote from: ololajulo on September 12, 2019, 04:25:27 AM

Quote from: CryptopreneurBrainboss on September 11, 2019, 09:24:10 PM

If they have to move the large amount of coin for security reason and at end of the day the world is watching and noticed, Do we still think the security reason must have been achieved?

The security here has nothing to do with the general public been able to track/monitor their fund as they can easily avoid that by making use of bitcoin mixers to break the transaction between their sending and receiving addresses. The security here, has to do with not putting their egg in one basket (I.e not storing all their bitcoin in a particular wallet). That way incase of any misfortunes they won't be totally affected.

To my understanding most whales aren't usually the type that stay hidden. They love the attention they get, that's why you see most of the so called crypto influencer (sometimes whales) declaring openly the amount of bitcoin they're holding while the whales that stay anonymous don't use mixers to hide their transaction. They leave them traceable to get the general public attention.

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Quote from: CryptopreneurBrainboss on September 11, 2019, 09:24:10 PM

Have you noticed that this news of whales moving large numbers of bitcoin from wallet A to B or to Exchange etc mostly pops out during the bear market season. Not saying this movement doesn't occur during the bull market but that of the bear market mostly gets hype on by the media. Therefore if we were to substract all the positive obvious reason for this act (movements of coins by whales) like for security measures like "not putting all your eggs in one basket etc, I'll conclude, this movement are made just to cause or fuel existing FUD in the community.

If they have to move the large amount of coin for security reason and at end of the day the world is watching and noticed, Do we still think the security reason must have been achieved?

GreatArkansas

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I just want to share this twitter account which can help you to observe some huge move transaction in Bitcoin.

Quote

Take a look at Whale Alert (@whale_alert): https://twitter.com/whale_alert

There, you can see some tweets about moving huge amount of Bitcoin from every addresses.

P.S. That twitter account also include some altcoins alert, not only on Bitcoin.

imstillthebest

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Quote from: CryptopreneurBrainboss on September 11, 2019, 09:24:10 PM

Have you noticed that this news of whales moving large numbers of bitcoin from wallet A to B or to Exchange etc mostly pops out during the bear market season. Not saying this movement doesn't occur during the bull market but that of the bear market mostly gets hype on by the media. Therefore if we were to substract all the positive obvious reason for this act (movements of coins by whales) like for security measures like "not putting all your eggs in one basket etc, I'll conclude, this movement are made just to cause or fuel existing FUD in the community.

no i dont see it but before i only see several positive news during the bull market . people are contented when the market is in bull run so they dont alarm too much but its the opposite will happen whenever the market is starting to dump . they dont know that if they scare the public by creating bad news the price will dump more evenly due to panic attacks . whales are like us , they also want to earn so they are moving coins from one site to the other .

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Have you noticed that this news of whales moving large numbers of bitcoin from wallet A to B or to Exchange etc mostly pops out during the bear market season. Not saying this movement doesn't occur during the bull market but that of the bear market mostly gets hype on by the media. Therefore if we were to substract all the positive obvious reason for this act (movements of coins by whales) like for security measures like "not putting all your eggs in one basket etc, I'll conclude, this movement are made just to cause or fuel existing FUD in the community.

When those big numbers are reported by this news media most times the market panic and react, the community immediately think someone (a whale) is about to dump his/her bags on the market, so the investors/traders begin to take precautions which is a outcome of FUD. Maybe this might just be coincidence but I have always observe price decline most time when this kinda news is circulation round the community.

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All this happens for a simple reason, you just have to imagine that we are those whales with very large money bills, and if you have a lot of money in a few wallets, every time you want to make a move they will follow up, to try to predict what relevant movement can happen in the market and take preventive measures.

If there are many wallets, they can direct their funds to different Exchanges to take strategic positions to execute their operations. That way it is very difficult to raise suspicions of the movements that the whales have planned.

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Another way to think is they try to hide their profit at the time of cashing out in USD, that's what I know since some places on earth charge tax on crypto earning such as the US and people can declare their coins tax base on transactions, thus moving around and play with the price actions will help (at the time the cash in your hand, your profit is 0 or less, so 0% tax charged). It's the same purpose of someone buy/sell old wallet addresses.

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Quote from: The Sceptical Chymist on August 02, 2019, 01:18:38 PM

I can understand that completely. If I owned a large amount of bitcoin (never going to happen),

Well, I do hope you will own a large amount of BTC one day ...

You deserve it.

Quote from: Pipdips on August 02, 2019, 01:09:52 PM

It's not like they are moving a few hundred bucks around the place. They are moving around more money to buy a small country.....

Which small country is on a sale which you can buy with $3 billion ? lol
If whales have a large amount of bitcoins, their movement of bitcoin from one wallet to another will be of high amount and there is nothing unusual in it.

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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?

Even if you have 1 BTC only I will recommend you to put in two different wallets just in case anything bad happens. A wallet can he hacked ,compromised or anything beyond expectation can happen. So now the whales who have 1000s of BTC, do you think it is wise for them to keep them in a single place ? Absolutely NO.

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Quote from: Docnaster on August 29, 2019, 07:36:16 AM

Quote from: Slow death on July 31, 2019, 05:54:02 AM

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

Are you not unnecessarily dragging a simple question?
It is a question made out of curiosity. Why be snarky and cynical in your response?
Honestly, it baffles my mind as well, why do they move around the large sums of btc. Surely it can't be for hack prevention. pvkeys are pretty secure and unhackable.
So what other reasons could there be?

The problem is not even the individual that moves his btc from one account to the other because he is at liberty to do that and can move it for the most minute reason of getting a good value for money in one exchange site to the more important reason of trying to stay safe. Its his money, and he owes no one an apology to do that. The concern for me is for those who took it upon themselves to start tracking the movement of funds you were not informed of its movement so that an article can be written about it.

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Quote from: Slow death on July 31, 2019, 05:54:02 AM

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

Are you not unnecessarily dragging a simple question?
It is a question made out of curiosity. Why be snarky and cynical in your response?
Honestly, it baffles my mind as well, why do they move around the large sums of btc. Surely it can't be for hack prevention. pvkeys are pretty secure and unhackable.
So what other reasons could there be?

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Frequently bitcoin exchanges, those areas where you can set up an account and purchase or sell bitcoins, has a wallet where you can store your bitcoins and accumulate them. When you purchase bitcoin on a market, you might want to make some bitcoin money in the wallet in the exchange and move some to another one of your wallets. Bitcoin wallets have really great advantages compared to traditional bank accounts, which can be created easily.

http://cryptograbby.com/

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Quote from: Genamant on August 28, 2019, 01:33:21 AM

i can only think few several reasons why first if i am a whale i would not want my Bitcoin to be in one wallet
second there is a possible pump plan.

Well, when holding large volume funds different wallets were used. Another thing the market change happens with the circulation of bitcoin taking place with time. This way whales tend to manipulate the market with the funds being moved between wallets.

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i can only think few several reasons why first if i am a whale i would not want my Bitcoin to be in one wallet
second there is a possible pump plan.

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Quote from: Pipdips on August 03, 2019, 09:02:53 PM

Quote from: Shary on August 03, 2019, 05:25:52 PM

simply, in few words, to not get hacked

Nice reply. I think you are onto something... Cool

^ Or just another reason is probably that is a coincidence, from the whale's wallet to another unknown wallet does not bring whales good benefit that probably manipulates the market. Nevertheless, the article has not shown about transactions of possible splitting transaction but I feel and doubt that maybe at that time the whale is ready to seel the bitcoin into half of his holding. I suspect that the reason for moving to another wallet that means ready to sell anytime because they know bitcoin surge at that time.

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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?

as far as I know, the pope moves from wallet to wallet, which is basically to be safe such as if a scamer wants to steal, does not run out of btc, and or maybe for his own personality

Pipdips

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What are the best books that teach about exactly how the whales operate and manipulate markets?

The whales approach trading differently than normal traders and I'd like to learn more about their perspective.

Ridwan Fauzi

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Does it have something to do with the arbitration strategy? CMIIW

I just thinking about it, they will send bitcoin in wallet an exchange and move to another wallet exchange so as they will get profit to do that.

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the article doesn't give references to any transactions in blockchain
so we can't tell (or guess) if they were consolidating, moving in/out of exchange, or etc
it only says there are several big transactions each from an unknown wallet to another unknown wallet

imo, whales are getting ready to sell when the price of bitcoin surges
or they are just doing it to spread FUD so people get scared and start selling
then whales will scoop up those cheap bitcoin on the market Grin

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Quote from: Shary on August 03, 2019, 05:25:52 PM

simply, in few words, to not get hacked

Nice reply. I think you are onto something... Cool

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simply, in few words, to not get hacked

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People are obviously very curious and some had even come to idea to watch.and monitor orher people's transactions. I haven't really thought about why would someone move coins from one wallet to another but security is the first thing that comes to my mind. And it's not wise to keep all coins in only one wallet. Maybe the reason is also that they want not to be easily traced if someone will investigate transactions.

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Quote from: The Sceptical Chymist on August 02, 2019, 01:18:38 PM

Makes me wonder who these people are, though I'm sure we'll never know unless they disclose their identity--and they'd be silly to do so.

If they were in the USA and they had a bunch of those funds in Binance or Coinbase, they were smart to move the money out of there, or else they would be required to let the whole world soon know who they are.. whether they like it or not.

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Quote from: asajapheth on July 31, 2019, 07:33:37 AM

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 can understand that completely. If I owned a large amount of bitcoin (never going to happen), there's no way in hell I'd keep it all in one wallet, even if it were in cold storage. In fact I'd probably keep multiple paper wallets or their equivalents locked up somewhere--so it makes sense to me that these so-called whales just move their bitcoin around.

Quote from: Pipdips on August 02, 2019, 01:09:52 PM

They are moving around more money to buy a small country.....

Makes me wonder who these people are, though I'm sure we'll never know unless they disclose their identity--and they'd be silly to do so.

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Quote from: sunsilk on August 01, 2019, 03:21:50 PM

Possibly. Moving their coins out of exchanges or just simply transferring it to their another wallet.

That is why I am so curious. Crypto Whales are insiders on what will happen next. If they moved their funds out of exchanges like Binance or Coinbase, I would interested to know. Also I wonder if the whale who did these big transfer is based out of the USA, or perhaps there location just does not even matter.

It's not like they are moving a few hundred bucks around the place. They are moving around more money to buy a small country.....

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Quote from: Pipdips on July 31, 2019, 10:37:59 AM

Did the whale remove coin from exchanges?

Possibly. Moving their coins out of exchanges or just simply transferring it to their another wallet.

Quote from: $anounimus$ on July 31, 2019, 10:56:14 PM

Quote from: milewilda on July 31, 2019, 09:58:41 AM

-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.

Yap maybe om do the same thing, I think that is a natural thing so this is actually not a serious problem.

Yeah, if I'm a whale too I'd do the same. Splitting up the coin to different wallets that I own. Probably to electrum and hardware wallet that I own just to make sure that my funds are well placed. It's much better to see it split than seeing it on one basket.

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Quote from: milewilda on July 31, 2019, 09:58:41 AM

-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.

Yap maybe om do the same thing, I think that is a natural thing so this is actually not a serious problem.

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Quote from: asajapheth on July 31, 2019, 07:33:37 AM

If I were a whale I'd do the same. For security reasons, for easy accessibility and much more.

I agree, If I had a million dollars worth of Bitcoin, I would break it down into separate wallets of probably $50,000 each.

But what is "and much more". What are all of the other reason they move and split the coin down? I ask because there are pros and cons to moving their coin around like that.

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Quote

What business was it? They are totally anonymous?

Do you understand how BTC transactions function?
BTC is anonymous.
Your IP not and your Addresses known to exchanges where you did KYC are not.
What for is the money? THIS is not in the blockchain... Grin

Quote

What is the meaning of "consolidating the inputs"?

Consolidating inputs means,
you send a lot of small incoming funds that reside in many addresses in a low fee transaction to one address.
And you have patience until it confirms.
So you save a lot of fees compared to sending them in normal transactions.

All Big Exchange wallets are known. If you have the right tools you may see if it came from/go to an exchange.

Pipdips

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Did the whale remove coin from exchanges? Can we identify is it was in an exchange or a wallet from the transaction information?

I can see if they had $100MM sitting in a exchange and then removed it, that would make a big impact on an exchange.

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-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.

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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.

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Quote from: NeuroticFish on July 31, 2019, 06:39:29 AM

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"?

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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.

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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.

mr.relax

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@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

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

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)

Slow death

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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

mr.relax

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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.

Pipdips

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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?

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