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Title: Anonymous trader buys $400 million in bitcoin Post by: Hydrogen on February 17, 2018, 08:06:18 PM Quote Go big or go home. That’s the motto of one mysterious investor who put his chips on the table, buying close to $400 million of the No.1 digital currency, bitcoin. The purchase comes as cryptocurrencies are making a comeback after a dreadful start to 2018. Major digital currencies lost as much as 50% to start the year as growing regulation and security fears crippled the market, seeing traders bail on their positions. However, the tide has turned. The price of bitcoin BTCUSD, +7.89% has increased more than 60% since trading under $6,000 on February 6, pushing back above $10,000, helped by signs of growing recognition of digital currencies from officials in Washington. “Not sure who that big buyer was but many have bought this dip and have added since the rebound and additional regulatory clarity in the U.S. and Asia,” Alex Sunnarborg, Founding Partner of Tetras Capital said. The unknown trader with the bitcoin address 3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64 purchased the coins between Feb. 9 and Feb. 12, taking his bitcoin balance from 55,000 coins to more than 96,000. https://ei.marketwatch.com/Multimedia/2018/02/16/Photos/NS/MW-GD955_bitcoi_20180216113501_NS.png (Link to image: https://ei.marketwatch.com/Multimedia/2018/02/16/Photos/NS/MW-GD955_bitcoi_20180216113501_NS.png ) The transaction, which was blasted all over social media and online chat forums emboldened bulls who had argued that $6,000 was a bottom. “In the meantime, the $400 million whale is fuel for the Telegram channels where traders lay out their conspiracy theories,” said Jeff Koyen, president of 360 Blockchain USA. “However, I am willing to believe that, seeing bitcoin bottom around $6,000, Wall Street smelled blood and jumped back in,” he said. With bitcoin back above $10,000, the owner of the address is closing is on the bitcoin billionaires club. https://www.marketwatch.com/story/anonymous-trader-buys-400-million-of-bitcoin-2018-02-16 I think most will interpret this as insider trading: "someone with $400 million to burn and big connections to powerful and important people has insider knowledge about bitcoin's future and is calling a bull market." Looks like this could represent the latest uptick in btc value. No clue on who is buying in. With the way things have been going, I wouldn't be surprised if it were Jamie Dimon buying up all the BTC he could get his hands on. Title: Re: Anonymous trader buys $400 million in bitcoin Post by: rodalutor on February 17, 2018, 08:53:13 PM I guess some of the beauty of Bitcoin is that we'll never know. It could be some well known public figure or some completely random guy that we do not know of and very few people do.
I have to think that most people what that amount of funds must have the means to make well informed decisions (just an assumption, could be wrong) and you don't get more informed than having insider information. Title: Re: Anonymous trader buys $400 million in bitcoin Post by: Oceat on February 17, 2018, 09:16:15 PM Quote Go big or go home. That’s the motto of one mysterious investor who put his chips on the table, buying close to $400 million of the No.1 digital currency, bitcoin. The purchase comes as cryptocurrencies are making a comeback after a dreadful start to 2018. Major digital currencies lost as much as 50% to start the year as growing regulation and security fears crippled the market, seeing traders bail on their positions. However, the tide has turned. The price of bitcoin BTCUSD, +7.89% has increased more than 60% since trading under $6,000 on February 6, pushing back above $10,000, helped by signs of growing recognition of digital currencies from officials in Washington. “Not sure who that big buyer was but many have bought this dip and have added since the rebound and additional regulatory clarity in the U.S. and Asia,” Alex Sunnarborg, Founding Partner of Tetras Capital said. The unknown trader with the bitcoin address 3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64 purchased the coins between Feb. 9 and Feb. 12, taking his bitcoin balance from 55,000 coins to more than 96,000. https://ei.marketwatch.com/Multimedia/2018/02/16/Photos/NS/MW-GD955_bitcoi_20180216113501_NS.png (Link to image: https://ei.marketwatch.com/Multimedia/2018/02/16/Photos/NS/MW-GD955_bitcoi_20180216113501_NS.png ) The transaction, which was blasted all over social media and online chat forums emboldened bulls who had argued that $6,000 was a bottom. “In the meantime, the $400 million whale is fuel for the Telegram channels where traders lay out their conspiracy theories,” said Jeff Koyen, president of 360 Blockchain USA. “However, I am willing to believe that, seeing bitcoin bottom around $6,000, Wall Street smelled blood and jumped back in,” he said. With bitcoin back above $10,000, the owner of the address is closing is on the bitcoin billionaires club. https://www.marketwatch.com/story/anonymous-trader-buys-400-million-of-bitcoin-2018-02-16 I think most will interpret this as insider trading: "someone with $400 million to burn and big connections to powerful and important people has insider knowledge about bitcoin's future and is calling a bull market." Looks like this could represent the latest uptick in btc value. No clue on who is buying in. With the way things have been going, I wouldn't be surprised if it were Jamie Dimon buying up all the BTC he could get his hands on. Title: Re: Anonymous trader buys $400 million in bitcoin Post by: Tankdestroyer on February 17, 2018, 10:22:33 PM With the way things have been going, I wouldn't be surprised if it were Jamie Dimon buying up all the BTC he could get his hands on. i don't think it is Jamie Dimon accumulating Bitcoin. It should be someone more powerful and richer than him. If I were to make an assumption, I wouldn't be surprised that it could be Bill Gates buying Bitcoin after all he got a lot of money to spend and he have good eyes for investments and is the only one who won't regret risking that amount of money. At least that's what I think for now, I might be wrong but he is the only one who won't ever regret even if he lost that hefty sum.Title: Re: Anonymous trader buys $400 million in bitcoin Post by: Lagoons on February 17, 2018, 10:30:45 PM That is so much money. Is it possible to know where the Bitcoin's came from. Was it from an existing wallet, perhaps mined years ago when it was easier. Or someone actually bought it with cash.
Title: Re: Anonymous trader buys $400 million in bitcoin Post by: camito on February 17, 2018, 11:43:04 PM I think this guy really believes in bitcoin. They say investment money you can afford to lose but I don't know if this $400 million is a "money he can afford to lose" if ever or it is such a huge money for him. Well I hope he'll get what he wanted from this lot of bitcoins. :D
Title: Re: Anonymous trader buys $400 million in bitcoin Post by: Agaton on February 18, 2018, 12:23:45 AM This is what a kind of extraordinary happening in bitcoin business, the person that bought at a 400,000,000 U.S dollar is not actually a ordinary person, they know the exact future of bitcoin because they don't even fear their capital invested to encounter any risky thing that supposed to happen in the future, maybe that person is connected to bitcoin creator or one of the management position.
Title: Re: Anonymous trader buys $400 million in bitcoin Post by: Baofeng on February 18, 2018, 12:30:41 AM Probably anyone who has a lot of money to burn. I also doubt that its Jamie Dimon himself. It could be a person or group of persons joining their funds together to push the market today.
I'm not sure about insider trading though. Everything is based on speculation so I conclude that there's no one that will come some things ahead of time. He/She/They maybe trusted bitcoin so much that he/she/they put so much money in the ecosystem right now. Title: Re: Anonymous trader buys $400 million in bitcoin Post by: shahani on February 18, 2018, 12:43:00 AM There are many kinds of bitcoin buyers, some people are only invest small amount of capital while other people invest large capital as they are capable and knowledgeable in bitcoin business already, that kind of person invest a $400 million capital is a long time bitcoin fan, and they have already gain before, and the money that they invested today are already a profit from different transactions that they made before.
Title: Re: Anonymous trader buys $400 million in bitcoin Post by: dunfida on February 18, 2018, 01:05:07 AM Probably anyone who has a lot of money to burn. I also doubt that its Jamie Dimon himself. It could be a person or group of persons joining their funds together to push the market today. Trust would really be there yet putting up 400 million would really signify on how he do trust bitcoin itself.We wont know if its a pooled funds or just a pure investment of a single person but well no matter which one of those options the important thing here is that bitcoin is always capable on convincing people towards to its potential and the reason why people do still love to risk money on it.I'm not sure about insider trading though. Everything is based on speculation so I conclude that there's no one that will come some things ahead of time. He/She/They maybe trusted bitcoin so much that he/she/they put so much money in the ecosystem right now. Title: Re: Anonymous trader buys $400 million in bitcoin Post by: andika2018 on February 18, 2018, 01:07:17 AM I think this whales are investment firm that want make profits in panic sell yesterday. Seller in a few week ago when market down must be regret with their transaction because bitcoin now rise.
Title: Re: Anonymous trader buys $400 million in bitcoin Post by: heraldlazaro25 on February 18, 2018, 01:12:20 AM Quote Go big or go home. That’s the motto of one mysterious investor who put his chips on the table, buying close to $400 million of the No.1 digital currency, bitcoin. The purchase comes as cryptocurrencies are making a comeback after a dreadful start to 2018. Major digital currencies lost as much as 50% to start the year as growing regulation and security fears crippled the market, seeing traders bail on their positions. However, the tide has turned. The price of bitcoin BTCUSD, +7.89% has increased more than 60% since trading under $6,000 on February 6, pushing back above $10,000, helped by signs of growing recognition of digital currencies from officials in Washington. “Not sure who that big buyer was but many have bought this dip and have added since the rebound and additional regulatory clarity in the U.S. and Asia,” Alex Sunnarborg, Founding Partner of Tetras Capital said. The unknown trader with the bitcoin address 3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64 purchased the coins between Feb. 9 and Feb. 12, taking his bitcoin balance from 55,000 coins to more than 96,000. https://ei.marketwatch.com/Multimedia/2018/02/16/Photos/NS/MW-GD955_bitcoi_20180216113501_NS.png (Link to image: https://ei.marketwatch.com/Multimedia/2018/02/16/Photos/NS/MW-GD955_bitcoi_20180216113501_NS.png ) The transaction, which was blasted all over social media and online chat forums emboldened bulls who had argued that $6,000 was a bottom. “In the meantime, the $400 million whale is fuel for the Telegram channels where traders lay out their conspiracy theories,” said Jeff Koyen, president of 360 Blockchain USA. “However, I am willing to believe that, seeing bitcoin bottom around $6,000, Wall Street smelled blood and jumped back in,” he said. With bitcoin back above $10,000, the owner of the address is closing is on the bitcoin billionaires club. https://www.marketwatch.com/story/anonymous-trader-buys-400-million-of-bitcoin-2018-02-16 I think most will interpret this as insider trading: "someone with $400 million to burn and big connections to powerful and important people has insider knowledge about bitcoin's future and is calling a bull market." Looks like this could represent the latest uptick in btc value. No clue on who is buying in. With the way things have been going, I wouldn't be surprised if it were Jamie Dimon buying up all the BTC he could get his hands on. Title: Re: Anonymous trader buys $400 million in bitcoin Post by: Hazaki on February 18, 2018, 01:18:57 AM There ain't a person insane enough to do such a thing i guess , this is certainly some organization or company , or maybe multiple investors who are willing to make bitcoin rise in value in order to obtain whatever profit they can . What i'm sure of , that these people will certainly get at least 200% of their profit at least for doing such a ballsy move , and this doesn't only encourage people to invest in bitcoin in order to collect profits later on , but also means that people still believe in the OG of all coins , and the community will keep widening no matter the amount of FUD spread among the hodlers .
Title: Re: Anonymous trader buys $400 million in bitcoin Post by: jefbigbob70 on February 18, 2018, 05:38:08 AM Perhaps it was done by some state or TNC. For them, this amount is not as significant as for an individual.
Title: Re: Anonymous trader buys $400 million in bitcoin Post by: eaLiTy on February 18, 2018, 06:03:31 AM I think most will interpret this as insider trading: "someone with $400 million to burn and big connections to powerful and important people has insider knowledge about bitcoin's future and is calling a bull market." Looks like this could represent the latest uptick in btc value. No clue on who is buying in. With the way things have been going, I wouldn't be surprised if it were Jamie Dimon buying up all the BTC he could get his hands on. It is a huge investment and i really doubt how come he could acquire this much amount of coins and from which exchange,since i have not seen anyone selling this much amount of coins,did he actually purchased this much coins from big miners,with all the KYC rules and regulation i am sure that you are not able to invest this much money into any exchange just like that,either way my conclusion is that he did have some big connections to purchase this much coins.Title: Re: Anonymous trader buys $400 million in bitcoin Post by: HabBear on February 18, 2018, 06:11:50 AM I think most will interpret this as insider trading: "someone with $400 million to burn and big connections to powerful and important people has insider knowledge about bitcoin's future and is calling a bull market." Most won't interpret this as insider trading. Bitcoin isn't an organization (or centralized), therefore there's no privileged information to have to give someone an advantage in the markets. Even if developers were going to release some new plan to improve the speed of transactions they'd have to communicate the intent out to the world before they could implement it. Having 'insider information' about Bitcoin is as ridiculous as having 'insider information' about gold. Looks like this could represent the latest uptick in btc value. Yeah, this kind of buying will definitely run the price up, especially over a time frame of just 3 days. But it's not this move only that's sustaining the recent price growth. There's a lot of buying going on because the smart money buys into the dips! Title: Re: Anonymous trader buys $400 million in bitcoin Post by: hase0278 on February 18, 2018, 06:18:09 AM It is a huge investment and i really doubt how come he could acquire this much amount of coins and from which exchange,since i have not seen anyone selling this much amount of coins,did he actually purchased this much coins from big miners,with all the KYC rules and regulation i am sure that you are not able to invest this much money into any exchange just like that,either way my conclusion is that he did have some big connections to purchase this much coins. You are right and not just someone with big connections, he or she is someone who can easily slap the government of their country with money for their silence about this matter or someone powerful that have access even to the government, and it ain't Jamie Dimon IMO. Most probably he/she just bought that amount of coin via peer to peer after all, he cannot even buy that in any exchange.Title: Re: Anonymous trader buys $400 million in bitcoin Post by: kimmali on February 18, 2018, 06:30:38 AM What a huge investment. He truly believes in the power of bitcoin. I haven't heard news before about users trading large amount of money. It is actually a good news since he helped in increasing the price of bitcoin,it brought a big benefit for us and for him. He's a smart investor since he bought bitcoin when the price is still low,he'll probably earn a large amount of profit once the price increases.
Title: Re: Anonymous trader buys $400 million in bitcoin Post by: andrey111 on February 18, 2018, 07:08:20 AM A significant drop in bitcoin for many whale traders was just a holiday. At this time, they were significantly purchased, including the above mentioned trader, who bought bitcoin for $ 44 million. This trader currently has 96,000 coins. He came in 3rd in the top 100 richest bitcoin addresses.
Title: Re: Anonymous trader buys $400 million in bitcoin Post by: npredtorch on February 18, 2018, 07:39:43 AM It is for sure that this a collab and not just a single entity. Well, this might be good news if the purpose of the these people is to keep and hodl for a long time.
Lets hope that they don't dump it early so: 1. We could sell and cash out some btc for fiat 2. Buy low price altcoins Title: Re: Anonymous trader buys $400 million in bitcoin Post by: jjdub7 on February 18, 2018, 07:40:56 AM It's pointless to speculate with the name. Soon or a later it will be public anyway.
You can't buy $400 million worth of bitcoin and stay anonymous. He/she is anonymous for us, but not for all agencies and banks. Because you can't just move $400M without being noticed. But it's good that such big capital is moved from fiat to crypto. Title: Re: Anonymous trader buys $400 million in bitcoin Post by: Roachgo04 on February 18, 2018, 08:35:22 AM Quote Go big or go home. That’s the motto of one mysterious investor who put his chips on the table, buying close to $400 million of the No.1 digital currency, bitcoin. The purchase comes as cryptocurrencies are making a comeback after a dreadful start to 2018. Major digital currencies lost as much as 50% to start the year as growing regulation and security fears crippled the market, seeing traders bail on their positions. However, the tide has turned. The price of bitcoin BTCUSD, +7.89% has increased more than 60% since trading under $6,000 on February 6, pushing back above $10,000, helped by signs of growing recognition of digital currencies from officials in Washington. “Not sure who that big buyer was but many have bought this dip and have added since the rebound and additional regulatory clarity in the U.S. and Asia,” Alex Sunnarborg, Founding Partner of Tetras Capital said. The unknown trader with the bitcoin address 3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64 purchased the coins between Feb. 9 and Feb. 12, taking his bitcoin balance from 55,000 coins to more than 96,000. https://ei.marketwatch.com/Multimedia/2018/02/16/Photos/NS/MW-GD955_bitcoi_20180216113501_NS.png (Link to image: https://ei.marketwatch.com/Multimedia/2018/02/16/Photos/NS/MW-GD955_bitcoi_20180216113501_NS.png ) The transaction, which was blasted all over social media and online chat forums emboldened bulls who had argued that $6,000 was a bottom. “In the meantime, the $400 million whale is fuel for the Telegram channels where traders lay out their conspiracy theories,” said Jeff Koyen, president of 360 Blockchain USA. “However, I am willing to believe that, seeing bitcoin bottom around $6,000, Wall Street smelled blood and jumped back in,” he said. With bitcoin back above $10,000, the owner of the address is closing is on the bitcoin billionaires club. https://www.marketwatch.com/story/anonymous-trader-buys-400-million-of-bitcoin-2018-02-16 I think most will interpret this as insider trading: "someone with $400 million to burn and big connections to powerful and important people has insider knowledge about bitcoin's future and is calling a bull market." Looks like this could represent the latest uptick in btc value. No clue on who is buying in. With the way things have been going, I wouldn't be surprised if it were Jamie Dimon buying up all the BTC he could get his hands on. I think this is only the first wave of rebound from the whales. If my analysis is correct this is opportunity that We should take a trader. There will be another two sets of whales to invest in bitcoin. Title: Re: Anonymous trader buys $400 million in bitcoin Post by: hakimcoin on February 18, 2018, 08:47:31 AM I want to be that guy ...
Title: Re: Anonymous trader buys $400 million in bitcoin Post by: Master Third on February 18, 2018, 11:29:31 AM It is a big big wow coming from me. I was so amazed by this mysterious trader that has this kind of big amount and interest to put his money to this number one cryptocurrency in the world. But some part in my mind doesn't believe that this is only a one or two person, I suspect that this is an inside work as others already mention in this thread. A part from the strategy for bitcoin to make twenty thousand dollars every each until it will reach the maximum value. What a great for those who are hodling bitcoins big profit is waiting if this assumption is
true. Title: Re: Anonymous trader buys $400 million in bitcoin Post by: vasrasus on February 18, 2018, 12:41:43 PM It is a big big wow coming from me. I was so amazed by this mysterious trader that has this kind of big amount and interest to put his money to this number one cryptocurrency in the world. But some part in my mind doesn't believe that this is only a one or two person, I suspect that this is an inside work as others already mention in this thread. A part from the strategy for bitcoin to make twenty thousand dollars every each until it will reach the maximum value. What a great for those who are hodling bitcoins big profit is waiting if this assumption is Many stocks holder are shifting now in bitcoin, investors see more potentials in it that stocking it in actual investments i their country, we might see more whales grabbing this opportunity to buy more and invest in long term to earn huge amount when it pumps.true. Title: Re: Anonymous trader buys $400 million in bitcoin Post by: Polipog on February 18, 2018, 01:12:21 PM The anonymous trader who buys bitcoin worth $400,000,000 is the sign of a good beginning in bitcoin business and to all cryptocurrencies, these worth of capital being invested can eliminate all negative issues and doubt about bitcoin business. But the question is, how long that certain person who bought $400 million holds their bitcoin? We better watch out for the next coming days.
Title: Re: Anonymous trader buys $400 million in bitcoin Post by: zenrol28 on February 18, 2018, 01:33:43 PM This wallet may have multiple owners. As we all know anyone can send bitcoin to a single wallet. And if it does, they might be something up very big in the future. Better be very careful than sorry in the future.
Title: Re: Anonymous trader buys $400 million in bitcoin Post by: PETES on February 18, 2018, 04:05:37 PM The anonymous trader who buys bitcoin worth $400,000,000 is the sign of a good beginning in bitcoin business and to all cryptocurrencies, these worth of capital being invested can eliminate all negative issues and doubt about bitcoin business. But the question is, how long that certain person who bought $400 million holds their bitcoin? We better watch out for the next coming days. That's surely one of big whales and see bitcoin as a good investment and stored asset that this will be huge for the upcoming years. No wonder bitcoin had already gathered tons of attention and some see this a big threat for economic stability that's why some countries had already banned it and some regulate the usage. Title: Re: Anonymous trader buys $400 million in bitcoin Post by: hakimcoin on February 19, 2018, 05:01:21 PM Now bitcoin rate up
Title: Re: Anonymous trader buys $400 million in bitcoin Post by: jaysabi on February 19, 2018, 05:16:04 PM Quote Go big or go home. That’s the motto of one mysterious investor who put his chips on the table, buying close to $400 million of the No.1 digital currency, bitcoin. The purchase comes as cryptocurrencies are making a comeback after a dreadful start to 2018. Major digital currencies lost as much as 50% to start the year as growing regulation and security fears crippled the market, seeing traders bail on their positions. However, the tide has turned. The price of bitcoin BTCUSD, +7.89% has increased more than 60% since trading under $6,000 on February 6, pushing back above $10,000, helped by signs of growing recognition of digital currencies from officials in Washington. “Not sure who that big buyer was but many have bought this dip and have added since the rebound and additional regulatory clarity in the U.S. and Asia,” Alex Sunnarborg, Founding Partner of Tetras Capital said. The unknown trader with the bitcoin address 3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64 purchased the coins between Feb. 9 and Feb. 12, taking his bitcoin balance from 55,000 coins to more than 96,000. https://ei.marketwatch.com/Multimedia/2018/02/16/Photos/NS/MW-GD955_bitcoi_20180216113501_NS.png (Link to image: https://ei.marketwatch.com/Multimedia/2018/02/16/Photos/NS/MW-GD955_bitcoi_20180216113501_NS.png ) The transaction, which was blasted all over social media and online chat forums emboldened bulls who had argued that $6,000 was a bottom. “In the meantime, the $400 million whale is fuel for the Telegram channels where traders lay out their conspiracy theories,” said Jeff Koyen, president of 360 Blockchain USA. “However, I am willing to believe that, seeing bitcoin bottom around $6,000, Wall Street smelled blood and jumped back in,” he said. With bitcoin back above $10,000, the owner of the address is closing is on the bitcoin billionaires club. https://www.marketwatch.com/story/anonymous-trader-buys-400-million-of-bitcoin-2018-02-16 I think most will interpret this as insider trading: "someone with $400 million to burn and big connections to powerful and important people has insider knowledge about bitcoin's future and is calling a bull market." Looks like this could represent the latest uptick in btc value. No clue on who is buying in. With the way things have been going, I wouldn't be surprised if it were Jamie Dimon buying up all the BTC he could get his hands on. How does one have "insider information" on bitcoin? It's not a company, everything is open source. There is no trader who has access to nonpublic information because bitcoin isn't a centralized operation that makes public disclosures of information. Further, how do we even know this is a trader? It seems far more likely that it's an exchange or some type of gambling house. Anyone who purchased that much Bitcoinat one time would move the price far more than any price move over the last week. These coins were more likely already controlled by this person and consolidated to one place for whatever reason. Title: Re: Anonymous trader buys $400 million in bitcoin Post by: BillCoin on February 19, 2018, 05:25:05 PM Funny to see those unproved claims just to cause some media attention.
You can't really know where those 400M$ worth of bitcoins came from, it could be his 2nd wallet that he just transferred from, it has nothing to do with buying 400M$ worth of bitcoins. Only an exchange would be able to confirm that/mining company that will confirm those coins were sold at spot price, if there is not a proof, then I don't find it right to believe that he actually bought those coins. Title: Re: Anonymous trader buys $400 million in bitcoin Post by: BitcoinTurk on February 19, 2018, 05:32:49 PM The market has gotten a new whale or it is being discussed with the aim of creating a panic atmosphere in the market, with stock exchanges or other people making this move with a new wallet address. The market for the next few days will be moving because of this incident, I think it is useful to be cautious and I would recommend.
Title: Re: Anonymous trader buys $400 million in bitcoin Post by: hackzang12 on February 19, 2018, 06:03:16 PM I think one of the billionaires in U.S or probably in China. If this was an corporation account then they can't easily sell their bitcoin because it's a joint account in just one btc address, one reason why people love blockchain is because it's very transparent.
Title: Re: Anonymous trader buys $400 million in bitcoin Post by: Willitivity on February 19, 2018, 06:42:50 PM That's a whole lot of cash to splash around. Bitcoin is getting a very nice attention and so many are jumping in. But, who knows the person, could still be one of those who preach against Bitcoin but still owns a bagful of it. Another very beautiful part f Cryptocurrency, there is no way to get the actual owner, all we could bdonis guess and continue guessing.
Title: Re: Anonymous trader buys $400 million in bitcoin Post by: hunterWood on February 19, 2018, 06:52:34 PM It's pointless to speculate with the name. Soon or a later it will be public anyway. You can't buy $400 million worth of bitcoin and stay anonymous. He/she is anonymous for us, but not for all agencies and banks. Because you can't just move $400M without being noticed. But it's good that such big capital is moved from fiat to crypto. Maybe this person involved with Crypto since the beginning of Bitcoin, thus didn't put any fiat into it. Title: Re: Anonymous trader buys $400 million in bitcoin Post by: richardsNY on February 19, 2018, 07:28:49 PM I very much doubt that these funds belong to a trader or whatever entity that bought them. If I browse through the address and follow the addresses being part of the massive fund accumulation, it's safe to say that this with a high probability is an exchange. I just don't understand why people keep blindly posting that it's great news that whatever entity bought that many coins. If you just do a few minutes of research yourself, you'll see that the fund movements prior to their final destination address, are exactly how an exchange handles their internal fund structure. From there it actually boggles my mind that this has been subject to so much media attention.
Another scenario might be a very large casino, but I don't know if there are any casinos with that much capital available.... Title: Re: Anonymous trader buys $400 million in bitcoin Post by: scorilo on February 19, 2018, 08:49:33 PM I saw that transaction too. I wasn't sure if it was a buy or just someone moving some funds, maybe an exchange. But still 400 mil is a lot of money. But you still gotta love the small transaction fee it had.
Title: Re: Anonymous trader buys $400 million in bitcoin Post by: Ranly123 on February 19, 2018, 09:09:12 PM Quote Go big or go home. That’s the motto of one mysterious investor who put his chips on the table, buying close to $400 million of the No.1 digital currency, bitcoin. The purchase comes as cryptocurrencies are making a comeback after a dreadful start to 2018. Major digital currencies lost as much as 50% to start the year as growing regulation and security fears crippled the market, seeing traders bail on their positions. However, the tide has turned. The price of bitcoin BTCUSD, +7.89% has increased more than 60% since trading under $6,000 on February 6, pushing back above $10,000, helped by signs of growing recognition of digital currencies from officials in Washington. “Not sure who that big buyer was but many have bought this dip and have added since the rebound and additional regulatory clarity in the U.S. and Asia,” Alex Sunnarborg, Founding Partner of Tetras Capital said. The unknown trader with the bitcoin address 3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64 purchased the coins between Feb. 9 and Feb. 12, taking his bitcoin balance from 55,000 coins to more than 96,000. https://ei.marketwatch.com/Multimedia/2018/02/16/Photos/NS/MW-GD955_bitcoi_20180216113501_NS.png (Link to image: https://ei.marketwatch.com/Multimedia/2018/02/16/Photos/NS/MW-GD955_bitcoi_20180216113501_NS.png ) The transaction, which was blasted all over social media and online chat forums emboldened bulls who had argued that $6,000 was a bottom. “In the meantime, the $400 million whale is fuel for the Telegram channels where traders lay out their conspiracy theories,” said Jeff Koyen, president of 360 Blockchain USA. “However, I am willing to believe that, seeing bitcoin bottom around $6,000, Wall Street smelled blood and jumped back in,” he said. With bitcoin back above $10,000, the owner of the address is closing is on the bitcoin billionaires club. https://www.marketwatch.com/story/anonymous-trader-buys-400-million-of-bitcoin-2018-02-16 I think most will interpret this as insider trading: "someone with $400 million to burn and big connections to powerful and important people has insider knowledge about bitcoin's future and is calling a bull market." Looks like this could represent the latest uptick in btc value. No clue on who is buying in. With the way things have been going, I wouldn't be surprised if it were Jamie Dimon buying up all the BTC he could get his hands on. Is this what they call whales? Buying big amount of bitcoin is a bit of a gamble yet this lone investor seems to be a tycoon in his business. Nobody see it coming until that $6k jump as quickly up to $10k. I hope there would be another jump to follow, or another person to buy that kind of amount . Title: Re: Anonymous trader buys $400 million in bitcoin Post by: jaysabi on February 19, 2018, 09:29:26 PM I think one of the billionaires in U.S or probably in China. If this was an corporation account then they can't easily sell their bitcoin because it's a joint account in just one btc address, one reason why people love blockchain is because it's very transparent. No billionaire is going to put a billion dollars of their wealth into crypto. That's absurd. That amount of crypto can't even be accumulated this quickly, so it wasn't new purchases. It is probably an exchange or mining operation that already owned the coins and consolidated into one address for any number of reasons. Spend a little time on a blockchain explorer looking at where the funds came from for this address. It seems most likely this is an exchange or some type of gambling book based on the number of range of payments both in and out. Title: Re: Anonymous trader buys $400 million in bitcoin Post by: faceoff97 on February 19, 2018, 11:02:45 PM If this is legit a news, surely the bitcoin value will be easily manipulated. This actually what makes the value volatile, the supply is not equally distributed and larger portion are actually in the small number of people. This scenario is causing more unstable price, we really dint have control over it. Thisw who has bug money has the power to turn thing around. Just invest fund you just really afford to lose.
Title: Re: Anonymous trader buys $400 million in bitcoin Post by: Donceng on March 16, 2018, 07:17:33 PM this is a huge amount, is it possible that they have switched their investment from bank to crypto because in order to avoid the bondage of bankers, this is a great whale, although I do not know how many whales live in this crypto.
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