Bitcoin Forum

So this guy bought an extra 12.36k bitcoins  with a wallet value of already over 454 million USD. He knows whatsup!

https://i.imgur.com/U5lhEF5.png

Thought you all would like to see this (eyecandy?)


UPDATE: Some bitcoin users notified me that this is the Bittrex cold store wallet (collective of bitcoins hold by exchange users)

So it is not a single person!

Whales are so happy right now to get massive amounts of bitcoin at a discount. Someone that is already rich understands what game theory is, and understand China banning Bitcoin is actually extremely bullish, because the very second it starts recovering it shows that Bitcoin is capable of generating tremendous bullish power without chinese exchanges participating, and you are seeing it happening right now. I mean look at the massive green candle that's forming of almost $1000+ up in a span of less than 4 hours, and it is happening without the Chinese.

Anyone with a few brain cells can see that exchanges are irrelevant. Rich people use over the counter solutions if you ban exchanges anyway. You can't stop Bitcoin, there's no way to stop it, people that want to buy will always find a way.

This doesn't surprise me at all.I already see bitcoin skyrocketing again in the next few days.If I had that money I would definitely buy bitcoin at that time since the rule is pretty much clear;Buy when people panic sell and sell when people buy.

Although I don't know how  China bitcoin case will end.We might see a new dip end of september.

Its Bitfinex cold wallet. So basically people selling Bitcoins in exchange for Tether (tUSD). Good luck for them.

He's got them on a cold storage anyways, there's nothing that can happen. Less he has no cash which means he wouldn't be able to get out of the country to acces them xD

Yes!!

But people think it's a huge whale... hahaha
It's written on it guys!!

There are now many buyers for Bitcoin since the dip have already bottomed as of the moment. What can happen in the next few days will affect Bitcoin and if there would be no more good news then there can some spikes. We are all hoping that Bitcoin can be back for good...bullish and always looking ahead into the future.

Which guy?  ??? Look at the image and see whats written under the wallet address. "wallet: Bitfinex cold-wallet". Didn't you read everything before sharing it here? Sure, you didn't, or you would surely have realized that it is not a "guy" with all those bitcoins but an exchange having all the coins of traders trading in it all the time.

Wow, that's a really good indicator of the longterm optimism on Bitcoin. Wonder how many actual BTC have been lost since it's start.

haha I must admin I got convinced, thanks for the clarification gents! false alarm 8)

Horrible, I have never even seen such a large sum. He is a really rich guy. I never thought that anyone would want to invest a dreadful amount of money and bitcoin even though it is the most powerful virtual currency.

This guy is the embodiment of the word INVEST. That's a smart move that everybody should have done, but instead all they did was bitch around and not get anything done, when bitcoin is down it doesnt mean it's time to sell cause it's dying, it means it's time to invest cause it will most certainly make you rich when it goes up again.

So people sending Bitcoin to Bitfinex is a sign of optimism?  Surely sending fiat to Bitfinex is a sign of optimism because it implies that they're going to convert fiat to crypto.  Sending Bitcoin to Bitfinex is a sign of pessimism because it implies that they're going to convert Bitcoin to fiat.

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Basically, this is a very bearish sign (a very significant increase in the amount of coins that Bitfinex is holding for their customers) which you and the OP are both incorrectly interpreting as a bullish sign.
So you've never used an exchange to buy or sell crypto?  Other people sure as hell have.

Definitely a good purchase of more than 128,000 bitcoins. This guy probably knows that bitcoin will rise in price in the near future and he will earn not one million dollars on this transaction. Well, in some way he now supported bitcoin. Good luck to him.

Well if I had the money to buy 12.36k bitcoins I'd surely do lol.
Anyway the OP seems to have no idea what he just posted.

It's written wide and clear. Bitfinex cold wallet. So it's either people selling (which is idiotic) or bitfinex owners themselves investing more into btc (buying off their platform or something).

Guys have to learn to never sell when they see "red". Have some patience until you sell at the price you want.

I hope the haters understand that they had a chance to buy during the crash. My guess is they will be upset that a few of us bought up their panic sells and will make insane profits when the dust settles.

If you want to be profitable there are lots of stratigies. IMO, the best one for bitcoin is to run counter-market. That means buying when the charts are all red and selling when they are all green.

We just need 10 men can repeat it again, the world cryptocurrency vary a lot. That was the message sent to China, China can't control the price of BTC.
I hope the same thing will happen like this a few more times

This is why it's always best to be rich to begin with, hehehe. You think China would go through and ban bitcoins? they already banned ICOs. If they also close the exchanges and mines then it's over for the Chinese that invested in it.

But then again, you are right with you last statement. It would continue as long as there are those who believe in it. If exchanges disappear, then they'll probably just transact some other way.

Hm well thanks for the feedback, I'll edit the post a bit to not mislead anyone. Learn something everyday.

Phew. Wish I could get my own hands on Tether now selling at this price. This climb back was definitely on the cards, just didn't think it would happen so soon and so drastically. It'll of course not hold, and of course that let down will also be temporarily, hence my wish to have gotten some USDT. From the rather muted response on this forum and other channels, I'm guessing a lot of you silent holders managed to top-up your holdings today. We're all smug now, aren't we?

I guess they had their regrets now :).  Probably they are thinking and talking to themselves that they should have not panic and sold all their Bitcoins.  Now they have to reenter the market again at higher price.  Sometimes it is really surprising how people do not make their own research and check Bitcoin all time price patterns, instead they always listen to FUDDERS and HYPERS  ;D. 


I could not agree more:).  The red is the go signal to buy not to sell lol, others mistakenly took it as stop signal to hold so they tend to sell their holdings.

This is how people learn.
Great attitude. I love the edit.

Have a great weekend

I did forecast a downtrend for september but I'm quite suprised by the timing still aswell, secretly I hoped this downtrend would have lasted untill the 22nd ish. My budget did not allow me to go hold some eth or btc but I did manage to get some ICO's cheap so I'm rather happy with the result.

Don't think this is a crash though, because it isn't. The price is going to rise back up. This FUD is a temporary facade created by 3rd party interests seeking only their own benefit at the expense of the crypto community.

Well in official terms it is a crash, when stocks fall with 20% or more its referred to as a crash, though since this far too common in this envoirment I think 40-50% could be referred to as a crash.

The good news is, the haters will no longer try their luck trying to time the market, because chances are you will lose compared to simply buying and holding, and taking advantage of every dip for accumulation, that's what smart people that will be rich as fuck in 10 years are doing now. Im glad to see all these millennial are starting to understand the importance of BTC and are following this strategy.

Haters that got burned on a short will guaranteed no longer try to short bitcoin ever again.

Those people who have bought bitcoins during the dip are definitely going to be rich sooner or later. Lucky people indeed and those who sold out their bitcoins during dip can be pity only. I don't know what will be the next move of haters but I am sure smart people are now going to hold on.

I hope this is being learned without too much financial pain. I can understand being timid in markets when this is all new to people. But you have to be disciplined and make judgments based on math not emotions. You must lead markets not follow them. So forget what others are saying about conspiracies or rumors. Place bets you can lose based on facts rather than opinions, and remember the SAS motto - Who dares wins!