Bitcoin Forum

I am seeing many large volumes in $24,000 to $380,000 USD moving across the block-chain right now...
Another three $356,000 USD just rolled by...
Just saw two for $640,000 USD...

Tons of them... (About 40+ between that range, and many more $1,000-$6,000... Miners buying more miners?)

Not sure if this is buying/selling, or deposits for cashing-out, or thieves moving some of that stolen BTC from GOX...

But blockchain is zooming tonight!
https://blockchain.info/

P.S. These are individual transactions, not whole blocks of transactions...

Not like the normal volumes I usually see, of only $300-$2,000 USD every day.

Seems like there is millions and millions moving around the last 24 hours...
https://blockchain.info/largest-recent-transactions

Smallest of the last 100 top transactions was $513,912.09 USD... Largest was $9,525,426.76 USD

That is nearly $700,000,000.00 USD moved in 24 hours... Nice!
(Why does that number sound familiar? Oh yea, Mt. Gox... Funny thing to see, no?)

Big blocks of Gox? I'm sure that would be easy to figure out.

How about good news?
It's the Winkie twins getting ready to buy more.

Could be good news, if it is Gox finding their lost wallets they thought were stolen, moving them to a better location! :P

Blockchain didn't identify them as any specific owner... (rolling service or just a lot of legitimate big-ticket purchases... someone buying a town?)

I know, donations from dogecoin, to all the homeless kittens!

P.S. Freaky my internet died after posting that... The FEDs are on to me, because I am on the them... If I disappear, my wallet is yours, the password is "SnuggleBums420", get it before they do!

China has ghost cities, are they for sale?

They will shoot you if you try to film them... But they will rent you a space cheap... lol. (No camera shops!)
http://www.news.com.au/travel/travel-ideas/inside-china8217s-ghost-cities/story-e6frfqd9-1226716277487

I'm 1/2 way through this and it's a freak show. A huge brand new city w/ no people.
http://www.youtube.com/watch?v=rPILhiTJv7E

lol, great minds think alike!

Employment 100%, homeless 50%... Something is broken in the formula... Must be using old 386 computers with old floating-point errors.

You can build it, but you can't use it... It's for the rich people that we haven't invented yet... Still being made at the factory.

Nice places... They need to come to America and build for us... I am tired of looking at these prefab houses with no real design to them.

The winklevii escrowing their fare for the intergalactic virgin thingy perhaps? :)

Virgins are expensive!

Sorry I went on a shopping spree

The virgin space trip is like what $250k a pop?

Russia is mobilising ...

Hey man, about our trade i've reached 5 posts per hour limit so i can't pm you if you can add me on skype it would be cool "sickjoce". i cant pm for another 20 min, btw crytspy is so slow when it comes to deposits and withdrawals.. it can take up to 12 hours for them to show.

May be some team of people are moving largest funds they ever saved Lol.

But if it is mtgox, people will be more than happy ever.

Could be Satoshi Nakamoto, if he was truly unveiled.

It's Satoshi moving his stash around! lol  ;D

Gox found his cold storage
http://4.bp.blogspot.com/-4kl6GJUoQbw/Tok5rCEb1gI/AAAAAAAABN0/ouhT8i0r-1A/s1600/IMG_20110924_141812.jpg

Bullshit!

Bitcoin days destroyed at low levels today. Monitor this realtime at: http://blockr.io/charts

unbelieveable! :o

"With "bitcoin days destroyed", the idea is instead to give more weight to coins which haven't been spent in a while."

You have no clue what the hell you are talking about... That is just an indication of "day-age" weighted to move-volume.

So the coins were not old, and the volume of coins isn't high because value-per-coin is high. When value is high, it is not MANY coins, it is MANY dollars.

$700,000,000 DOLLARS is only about 1,200,000 BTC... and YES that many BTC have been moved over the past 24-hours. I didn't say they were old coins. This is coming right from the freaking block-chain. Add it up yourself if you don't believe me. I gave the freaking link.

That chart only spikes when someone moves millions of coins that have not been seen in months or years. Thus the reason it exists. To show coins moving up from the grave. (New threats to the exchange)

After the dumps last-night... I am sure where the coins were headed... Dumps will continue for the next few days again. $350 here we come!

bitstamp seems to be in the process of being aquired by an investor. This coin movement seems to be related.

Did you do some real and preferably computer-assisted analysis?

Because I just spot checked a few spots in blockchain.info and am seeing a large address repeatedly paying out small amounts.  But the change address makes it look like a big txn.  Its this pattern:

Caps is a big address about 1000 btc, c is a small one.  This is reversed from what you'll see on blockchain.info because that site shows most recent txn first.

A -> B & c
B -> D & e
D -> F & g
...

and so on...

It looks like all the coins came from A, who is paying c, e, and g.  B,D,F are likely just "change" addresses -- that is a different address but owned by the same person.


EDIT: loozik, source?

https://bitcointalk.org/index.php?topic=38711.msg5552821#msg5552821 due diligence is the kind of audit that is done on behalf of the investor.

i ordered 1000 hoverboards.  that's what happened

possibly Gox

Winkies bought Virgin Galactic right away.

i spent 22 btc on miners yesterday. Upgrading from 10-30mh. I figure lots of other people must be buying just as much gridseed/antminer/new chinese 1th.

Destroyed ?! lol xD

Whole point of bitcoin and other coins is they are flexible so I expect even higher volume in future.

Only exchangers have that much. Maybe gox.

so big number

Buffet is buying.

Seeing XYZ amount of bitcoins moving isn't an accurate measurement of ANYTHING. One person could have moved 70,000 USD worth 1000 times. or 7 million 100 times.  If an exchange has 1 million worth come in over the course of say an hour, they might then take that and divide it up among 100 or 1000 wallets automatically to spread risk of it being stolen until someone purchases it. Now you have 2 million moved when only 1 million was really moved. An hour later when they need to pull say 100k of it up for transfer to someone, you've now had 2.1 million move from the original 1 million.

Yup, that's why we should use "bitcoin days destroyed" (BDD?) as a measure.  Explained here:

http://bitcoin.stackexchange.com/questions/845/what-are-bitcoin-days-destroyed

and graphed here:

http://blockr.io/#!/charts

If it was satoshi, He would be moving the first block....

is there any possibility that mtgox announces that they find a large amount the lost coins tmr？