Bitcoin Forum

According to this news
https://www.reddit.com/r/jex/comments/a78wxw/what_does_it_mean/

The 53rd largest BTC address,
15xZvLJLAgxh8cxEmAbpx1H35oibHo5cLA

Has been adding +249.999 BTC
pretty much daily since Nov 28, 2018

Current Balance: 14,950 BTC
($52,185,839 USD)

Holds 0.08578% of all BTC

This might suggest that there will be a surge for BTC and other cryptocurrencies?

why "other cryptocurrencies"? this is bitcoin moved :D

and no it does not suggest that at all. neither  does it suggest a drop. people always tend to get over excited about seeing a large amount of bitcoin moved (this is not large though lol).

generally all you can say about these transactions  is either:
- a service is moving coins in or out of their cold storage like exchanges combining lots of inputs into one and putting it in one place
- a whale bought some coins and moved it to their cold storage. which is usually them buying coins off the market so that they don't push the price up, they keep it low while buying elsewhere...

The move doesn't do mean anything to the market, most probably trading exchange moving their coins to a safe location or its just a big whale who just accumulates since the price is really ripe for purchasing big amounts of bitcoin. Sorry to burst the bubble but we won't see a spike in the price as you have speculating.

Yeah this could be possible as we can see that market is down and maybe the owner of that address is a trader/investor that keeps on hoarding Bitcoins for future purposes. It could also be that the owner offers services in exchange of Bitcoins but too expensive services for me maybe a car or real estate transaction or whatever it is then it makes Bitcoin more trusted and known. For me this transaction might trigger a little pump days or months from now due to scarcity.

Its not much of a big deal,you think its a whale accumulating,than can be true but there can be a lot of other reasons too.....

Is that your comment on reddit? If not this, then which is the largest? @Pursuer
OP transaction is transaction, this wasn't money laundering nor has to do something with bitcoin's price. Btw it would affect price if for example it was coming from scam websites like it happened in past with hashocean but no one does it so publicly and no scamer wants his transaction to be easily viewable, especially on top of btc transactions. So don't worry + there is no news about it on major websites, take it easy.

What we all usually do is, speculate and hoard! Probably the owner of 15xZvLJLAgxh8cxEmAbpx1H35oibHo5cLA is doing the same thing. But because of the owner has a deep pocket, the volume looks big to us!

And while we talk about it, the balance is now 15,199.77 BTC. What is unusual though is the amount of BTC accumulated. A precise transaction of 249.999 BTC is something very unusual. Probably the owner speculating that market will go up soon and he is doing this as a ritual to make wealth! Probably, we are all speculating here!

Well, actually there are also 299.999 and 199.999 transactions there too.
And yep, I'd say the same. Somebody (person, institution, consortium, whatever) is accumulating. And the 0.999 part most probably comes from deducting the withdrawal fee by the exchange.


Imho this suggests that somebody believes in Bitcoin and invests big bucks in it. Really big bucks...

I think this is just moving it, and maybe it won't change anything at the price of bitcoin and altcoin, and this might worsen the current market situation.

this has been going on for a while actually. I have seen many cases of this recently which is why I mentioned the possibility in my above comment. there are many big transactions like this and when you follow them back you rarely find any of them link to an exchange wallet which proves this new sneaky way of accumulating bitcoin without letting the market find out about it and go up.

Does anyone even know if this address belongs to an individual or an entity buying btc rather than just being an address owned by an exchange or one of the whales moving their own funds around? Would think if it's some large entity adding btc each week they'd buy more than 750k worth per week.

Nah, it's a normal occurrence that people are moving large funds to another address, perhaps because of changing their storage or simply a routine transfer of money towards other addresses. But then again, since the address is constantly adding up funds on to their address, this could be a part of another service's cold storage that we don't know something about, or is yet to convey their identities. At this point we don't know the intentions of whoever owns that address, but one thing's for sure though: they hold a lot of money on a single address and weirdly adding up the similar amount constantly that could ring a bell in the future.

I just hope that they don't dump on us when the time comes. ::)

If there is upward move of BTC, its quite obvious most of the alt coins will also move upwards as BTC is still the king.
Moving this amount by 53rd largest address in order of holding BTC may be

If there is upward move of BTC, its quite obvious most of the alt coins will also move upwards as BTC is still the king.
Moving this amount by 53rd largest address in order of holding BTC may be for anything, it may be a cheap buying for long hold, nothing can be denied.
Market is in a deep downtrend for last 11 months, there are chances of market upward move anytime now.

That's not something to grow up to. When I first saw the title, I perceived it as the 249K Bitcoin. Only 249. Yes, a great amount, but not very important.

unlike what most people said here i think this can be an indication of a rise on the way in near future because in a way these cases are showing accumulation and we all know that the accumulation is the last phase before a big rally starts.

of course you shouldn't make in vestment decisions based on things like this!

its not a "user speculating"
its an exchange organising its cold store

the only speculating i see is the social drama of the reddit poster and this topic creator

exchanges have always been organising its coldstore daily for years
so many examples.. heres one
https://www.blockchain.com/btc/tx/33b2d09f26364cde78982079f99ae585688c7f96fc6497ef9e59a0fa2f434dae
this is an exchange re-accumilating its cold stores into one main address after reorganising

there are many other examples.. just the other week people were screaming about "6k moved" "66k moved" "8k moved"
which were all the same thing

so relax its not user movements. its just exchanges doing what they do regularly

I can still see the market recovery now and this one is really a good addition.
Maybe some whales are done on getting the bag fuller. FINALLY!!! we will see another bull run before the year ends and will continue to 2019!

Well it's the 53rd largest address, it's not huge news. It's largely irrelevant, in fact.
Not to mention it could be a whale who's simply consolidating all his coins into one wallet.

The amount is good but not strong enough to influence so even if owner wants to sell, I do not think it can affect the price. It can only influence low volume small fishes and shitcoins. Anyway, it is probably exchange's money and just sent to the wallet to hold it.

Either that or it’s a huge exchange for an etf or something that is hoping to be approved.

Tracing the chain and seeing where the funds initially started seems quite a good idea. They may all have been from the same miner or service.

move means just transfer of ownership to me, I don't think it will make any signal to the market.

AFAIK the exchange company or other old miner able to have such massive amount of bits.
Of course if personal trader like me able to do transaction with BTC 249 , I'm sure that I able to control bitcoin value at least 5%  ;D
As long as the company doesn't selling their bitcoin, there is nothing to worry about it.

My guess is that an exchange is moving hot bitcoins into cold storage. Something mt gox should have done and avoided the crash of 2017/2018. 250 btc won't move the market though

If it belongs to an investor, at least it shows that the bitcoin is not dead. It may even be an indicator, that there will be a price surge someday

Well this would not be a very influential attribute on the up word movement of the price if bitcoin or any other cryptocurrency there are still at alot of other whales out there that has alot of bitcoin as well

Interesting, but with tx everyday does it not look like an exchange? either transfering new funds to cold storage or making a new cold storage?

Total received 23,912 BTC and final balance 15,199 BTC i think this is a big exchange wallet so that for this regularly 249 BTC transaction nothing affected in the market. Also i think big whale can store those amount of BTC. If he make this all of amount in only one transaction that was obviously big deal in this bearish market.     

It means nothing, it can be simply moving from one wallet to another and spreading eggs in different, safer baskets.

This maybe due to some person bought decent amount of bitcoin for the long term purpose,he had enough analysis about the bitcoin then bought it?

But having large number of bitcoin transacted is no valuable information to know.

Wow. How was the owner of this wallet when he saw how Bitcoin grow up and down. My heard couldn't take it  ;D

Maybe you're trying to suggest that the transfer of BTC is the start of bullish market. Bitcoin and cryptocurrency holders are preparing for the much awaited recovery. Then after the recovery is the bullish period. Expect to see more of transfering of huge coins into wallets.

such transactions cannot make BTC create a bull market, I know that it is a very large transaction, but that is only enough to stabilize the market.

BCHSV and BCHABC supporters always make bigger sales than that.

Yes indeed, I think this is interesting information. But where did he add bitcoins from?

It may be an indication that crypto market recovery is not far away so the owner of the wallet is taking the opportunity of Bitcoin's current price to fill up his bag.

very extraordinary, in my opinion it is a very good decision, but he will experience a decline temporary at the end of this year.

he must hold for a long time, if he wants to get a bigger profit.

if BTC remembers $ 20K again, then from 1 BTC he gets a profit of $ 16000

will be funny to see a crash towards 0$ so these "billionaires" or "millionaires" of the current will become beggars of tommorrow.

It was my first inclination as these threads seem to pop up every few weeks. Even if it wasn't an exchange it wouldn't really enable us to draw any conclusions. It could be both a positive or a negative or even a complete non-event. I think if you're trying to connect the dots between bitcoin moving between wallets and bitcoin price movements then you're going to come up cold and you should consider looking elsewhere.

And you did not think that in five years he would be a multi-millionaire again? Everything can be in the cryptocurrency world.

There are two options. It could be a miner addy, a big group like ant pool or something like that. The other option is a big exchanger, those business moves big amounts of bitcoins too. If i had to place a bet i would say it was a miners transaction

I doubt this bitcoin movement can have much of an impact on the price and market. I am more wondering how many bitcoins are in circulation that cannot be tracked and this turnover is not displayed in the total cryptocurrency capitalization)

It could be some whales who keep accumulating bitcoin into their wallet in this low price.
As long it is not an exchange wallet address, then the coins won't be dumped in near time likely.
If some peoples continues accumulating bitcoin in such price, then they will gain much profit if the bull comes.

I agree. This is something which I have observed regularly in this extremely volatile cryptocurrency market where everyone tend to lose their shit whenever Bitcoin rallies or falls chanting stuff like 'Moon', 'Bitcoin is dead' etc.

Majority of the crypto investors know nothing about the technology behind this Bitcoin and other popular coins and simply go crazy looking at the charts when they need to actually try to learn more about these currencies if they truly wish for growth of this market in the long term.

Do your research people and invest only what you are willing to lose.

in market times, 8-9 days is a very long time so you should no longer have any doubts about the results of the kind of fund transfer that OP was pointing out. it is now clear that it had absolutely no effects on anything whatsoever.

as for coins in circulation you can calculate them easily by multiplying the number of blocks by their reward (it starts from 50 and halves every 210000 block) and then reduce about 100 of it for truly lost coins like burnt coins and miner mess ups to get the real value of circulating coins. the other type of "lost coins" like people losing their private keys, satoshi's coins,... are not lost and there is no way of measuring them.

Well the big whales are getting bigger and the small fish are being eaten up by the big whales, that's the story here really. While many are capitulating and selling out, the big pockets and wallets are getting phatter and fatter by the day and this is how the rich get richer and the poor get much poorer. I don't know if this is a good thing or not but time will tell. That might be an exchange wallet or some pool or fund wallet of some sort and not belong just to any individual, but then again I could be wrong and it might belong to some 20-year-old miner who mined the crap out of Bitcoin in the early days and become very rich doing it. Let's see if anyone here can crack the code and find out who owns it, would be interesting.