Bitcoin Forum

thousands of bitcoin transferred to bitfinex recently.i hope its not for buy usd.all i can do is hope. if they buy altcoins that may be spark to green market.if not i dont want to talk about it.
update: 5000 btc moved to bitflyer
update: 10000 btc to bitflyer
and many others to bitrex and poloniex.there are also around 200m usdt transfers

Such large wallet movements began to increase day by day. Information should be made about what is the purpose. Otherwise, this will be considered market manipulation.

These coins could be transferred absolutely for any purpose. It is not worth sounding the alarm because it seems to me that in the near future we will have a very good future in the cryptocurrency market

This is not a small scale, of course, seeing the transaction that you explained, I think the market movement will be better

because OP is looking up different exchange names, or maybe posting from memory and then creates statements like this out of his imagination with a random big number :D
otherwise you have no way of knowing where coins are moving to! it is not like these exchanges flag their own addresses saying these belong to us! not to mention that every day thousands of bitcoin are moving in an out of every exchange!

Such issues are often exhaled with many purposes, including pumping and dumping on the market. without proof of blockchain transfer this can lead to many perceptions.
more rational in assessing information better the key to success in crypto.

Whatever purpose those transfers would have made for, we can just worry, "what if those funds are used for market manipulation?" — well even if this the reason. We can't do anything about it.

It's manipulation all along. Those with money control the market.

Cryptomarket is independent market and no one control it except than Whales. Its all about traders activities and performance. More interest of user taking price of BTC to sky, but at the same time, other altcoin also get their price to moon according to price of particular altcoin against BTC.

Now as Exchangers are independent third parties offering trading in various manner to trader. Geographical barriers and fiat exchangers are also plays considerable role in maintaining price of BTC at certain rate, even they can also manipulate market.

 

there is no way that you can know how much bitcoin is going where unless these exchanges publicly tell you that they have received 5000, 10000 bitcoin in their wallets which obviously is not going to happen ever. so what you are telling us here is either a lie you are telling for whatever weird reason that might have or you saw some transaction on a block explorer and your imagination started running wild with it.

the funny part is that every couple of weeks we see a topic like this one be created talking with confidence about how a large amount of bitcoin was moved to an exchange and they usually say it is moved to be dumped and crash the market. then weeks go by with price being the same as always.

the other funny part is that these numbers aren't even realistic. if you think about it 10k bitcoin is equal to $65 million. and you can NOT even trust an exchange with that much money not to mention you can NEVER withdraw that much money from an exchange, the banks won't even allow it.

The exchange rate had gotten higher, that means people are being more frequent in exchanging, it's a good sign for bitcoin. Also, more transfer doesn't mean that it's being manipulated or something bad would happen, but even if something bad happens, the crypto is in a very stable position for imposing any loss to the investors.

the price is still the same as before without much change which shows there are not sells or buys happening that can change this balance. and with the high volume still in effect it shows that there is an accumulation going on.
so if anything there is coins exiting exchanges as whales buy 5000 10000 bitcoin and move them to their cold storage to get ready for the rise that is coming.

Agreed with all your points and for once i had also started searching regarding this updates but didn't find anything.This kind of news creates panic amongs new investors and people who follow bitcointalk for updates.

maybe they were transferred just to raise up Bitcoin. we cannot know for sure what it was done for, but it seems to me that there will be nothing wrong with it

There are services which index the wallets of exchanges, thus it is pretty possible to see how much they're receiving, although you're usually overtaken by events, and it indeed really doesn't tell you anything..

I'm pretty sure that there are certain exchanges, Coinbase et al, which let you trade with such amounts..?

I have to agree indeed, it's mostly people spreading FUD for w/e reason...

What exactly do you mean by this? I think volumes compared to previous year have decreased significantly?

The traffic surely has decreased, and is still decreasing...
[1] https://www.alexa.com/siteinfo/coinbase.com
[2] https://www.alexa.com/siteinfo/bitfinex.com
[3] https://www.alexa.com/siteinfo/binance.com

This is  a small volume problem  for the market
For this reason,the volume  must increase in the market

NB The numbers you mentioned may be exaggerated.

market manipulation is from GHOST payments.
EG a exchange has an account with its mysql database given funds that were not due to deposits. and then trades occur using that fake balance.

however if trades occur because someone with coin deposited their coin and wanted to do trade.. that fair trade, not manipulation.

we also hope that there is indeed a transfer of bitcoin there that happens. but until now there has been no significant effect. the market is still red.

That is normal everyday. It is the pumping strategy of some altcoins. If we get information from it, we will easily become wealthy when investing heavily in an altcoin. But be careful because such information is so hard to get out, if it's publicly disclosed, do not believe it because it's a fake strategy that makes many investors think that the altcoin is about to pumped.

Looks like OP is a self proclaimed genius nor an employee of bitflyer for knowing this kind of transaction.
Obviously he's just trolling and want to create fuss otherwise he think that most of the people here are stupid to believe what he says.
I'll believe him if he show the transaction hash of the addresses.

Thank you for this information. With that amount of Bitcoin transferred, I could only conclude 2 things that they will do to it.

1. Someone is going to buy some an altcoin which will boost its market (Probably Ethereum)

2. Sell it.

Let's just hope that they use it to buy some altcoins rather than dump the market even further.

Whats going on here? Is it another reason for dump more or a good sign? The market really hard to predict. How long BTC will gonna be like this? Hopefully there will be a good sign soon.

so wheres the link of all these transaction?200 millions is just a chicken for the market capitalization it cant even move the value of bitcoin with 3% growth so whats the sense of this news?But its ok atleast this is a good news about investors entering again

there is a lot of manipulation for now, yes we are always treated with a short growth and then red with more down from before. I think there are a lot of popes who enjoy the current situation

This is not a small amount of Bitcoin, but still there is no reason to worry about it. I think in the near future we will get more information about this currency movement.

I don't think too much about that, and I only see that the market still going to increase. Bitcoin price itself still stable at that price but I am sure that soon, the price will move to the higher price. I think soon; we are going to break $7k and stable in that price. I think we need to buy more bitcoin so we can make a big profit later.

Probably this will not be a troubling matter. There have been huge transfers in the past too. In most cases it was not for market manipulation,

In my opinion these large transactions are nothing to worry about. We have seen such kind of large transactions in the past which didn't harm anybody or the market.

I don't think exchanges reveal these kind of informations. A lot of btc is transferred everyday and it's not a matter to worry to be honest.

I am well aware of services such as walletexplorer and their parent company or similar chain analysis groups but they are mostly speculating since their results are not accurate.

even if they do allow you, your bank wouldn't. they will flag your account with enough red flags that it will take a long time to clear your name again.
also you know that it is not just about them allowing you to do so. it is also about trust. I don't think anybody is naïve enough to trust exchanges that are either getting hacked or running away every couple of months.
on top of all that there is the gigantic tax problem that you will face if you move that much money to an exchange that is reporting your ass to IRS ;)

Big guys making their move. Better keep an eye on that.

Nice with many bitcoin transfer and hope can make bitcoin price will growing up, we always hope for bitcoin could have great and higher price again for making all of altcoin price will be higher, many people hope could get profit with altcoin at higher price.

Exactly the point, in an era where many crypto enthusiasts are of the view that bitcoin and the altcoins are largely manipulated by a few individuals and to a large extent controlling the prices of the coins on the market. Situations like this can raise few concerns by observers on this kind of sudden large transfer.

Agree, sometimes I am thinking that being rich has many advantages this is one reason they can control market. They can manipulate it just like a kid playing his toy. The thing is what is their reason why they do this? maybe there will be huge dump or anything.

Maybe some peoples are ready to selling their btc if bitcoin etf approved in the future, but this is only one of the possibilities.
Bitcoin volume is the most in the crypto market because btc is the cryptocurrency coin with massive holders and users around the world.
If they want to buy altcoins using that amount of btc, green market of altcoins will be inevitable.

That may be good news, such big amount transfer may be for buying purpose but this is just a hope we can do, I do not see any other reason for transferring such a big amount to exchanges, market is running in side trend for quite some time now, there are chances of bull run from here but again this just a hope, its very difficult to predict any market.

Are you sure the address is not the exchange owner address?
Well, if there are huge amount of bitcoin transferred to some exchange, it means there are some peoples who want to liquid their btc.
Either they liquid it to buying other coins, or to withdraw their money. But if they transferred to bitflyer, i think they want to buy other coins with their btc.

It seems like nothing is wrong with that transferred. Actually, we don't know yet what was the intention for that transferred. Personally, I believe it might be helpful for the growing volume of bitcoin. So no need to worry perhaps it will be good for the crypto market.

Markets are down for two days in a row so perhaps those people are cashing out, bad time to do it as the market was stable and the bull run hasn't started yet

I just found out, this could be bad news and good news, I hope this will be good news in the future for bitcoin

we can really only guess what it was done for. I think that nothing terrible has happened