Bitcoin Forum

https://www.marketwatch.com/story/anonymous-trader-buys-400-million-of-bitcoin-2018-02-16


It's probably a hedge fund that has invested a small portion of their funds and doesn't understand that you shouldn't keep it all in one address because the blockchain is public and everyone can see what you've done.

It's actually Huboi according to this - https://bitcointalk.org/index.php?topic=2966235.msg30473511#msg30473511

I doubt the real pros make such obvious moves. There'll be all types of autists watching wallets.

Thanks! I wonder why this story suddenly blew up. Did people not realize it was an exchange wallet?

Well there must have been a lot of sales pressure to be able to absorb the purchase. :)

Everyone loves some drama and conspiracy. If there isn't any floating around then they may as well fabricate it to keep themselves ticking over. If there isn't a disaster within ten minutes I tend to get rather twitchy myself.

Wow, thanks for this information. I really think that this would be a great news to bitcoin and cryptocurrency. And right now, good things are coming. And those bad things, bitcoin is about to forget that. I can say that bitcoin is now recovering.

NO frikking way. I actually saw this guy buying his coins on Bitfinix and made a topic about it when I saw it happening: https://bitcointalk.org/index.php?topic=2864671.0

See my post where I noted he bought over 20.000 BTC in just 24 hours in that thread.

So this 100% sure isn't some 'exchange'. This is someone who actually purchased the coins because I saw it happening. But he did so in an extremely weird manner, not caring about millions of dollars (by only buying bitfinex and not other exchanges who were sometimes $600 lower already effectively giving away millions and millions of dollars). It's of course possible that it's a hedgefund. But it must then be a pretty stupid one. More likely, it seems to me, it's bitfinex with printed tether.

well this could be the beginning of the info needed to raise the price of bitcoin and it seems there will be better news from this which is likely to trigger a bitcoin price increase, just wait for the time.

Well sites earn money from clicks, and saying someone loaded up on $400m worth of Bitcoins is much more attractive than saying some exchange is gathering coins to an address lol.

But yeah, someone buying that much would certainly have caused a sudden spike, and I haven't noticed any the past few days, so I thought something was wrong. This was either a bad journalist who doesn't do much research, or a good one who can mislead readers for their own agenda.


The address loaded up on Bitcoins between Feb. 9-12 though, and you posted your observations on Feb. 1,  so maybe you saw a different case? Can't really rule out any market manipulation whenever Tether is involved at this point lol.

So they are just trying to start another massive panic buy. Okay then, let's wait and see how it all plays out. Personally, I think there will a lot of resistance on the way up from those who bought at December highs and didn't sell at January lows, lol. It will take many such buys to move the price beyond $20k. They should have brought the price to $1k first to get rid of bag holders and clear the path to bitcoin Heaven.

Obviously what you see in this guys wallet weren't trades. He was moving BTC from other wallets, most likely exchanges, to 1 single private wallet. So it DOES make sense that he bought the BTC shortly before.

https://www.investopedia.com/contributors/54684/


https://www.reddit.com/r/CryptoCurrency/comments/7y5aa5/us_government_offers_bounty_for_tips_on_pumpdump/ (https://www.reddit.com/r/CryptoCurrency/comments/7y5aa5/us_government_offers_bounty_for_tips_on_pumpdump/)

Blow the whistle on pump-and-dump schemers.
Virtual currency and digital token pumpand-dump schemes continue because they are mostly anonymous.
If you have original information that leads to a successful enforcement action that leads to monetary sanctions of $1 million or more, you could be eligible for a monetary award of between 10 percent and 30 percent.
For more information, or to submit a tip, visit the CFTC’s whistleblower.gov website.

Dear Whisteblowers guys,

I know this dude named Nathan who's pumping bitcoin with hopes perhaps of him dumping his holdings. Since the amount in question is well above the U$1M threshold, I'll settle for a monetary award of ONLY 5% plus a Reuben sandwich on marble rye with a spear of Aunt Bee's homemade pickles.

BTW, this whale was too easy to ID for me. That info, too, was submitted. Can't wait to get my Reuben sandwich. Yummy!


Huobi 100% knows who the dude(s) is/are since bitcoins were sent to them from said wallet address.

regardless of the walletexplorer.com proof, whenever you purchase large amount of bitcoin you don't receive it in a transaction like this f60bb680d4b11a800fa72597dcd21eb803184f064bcf0bb7fb64c2d55d991c42 with 59 inputs and only 1 output any kind of purchase will always have a change address ie. 2 outputs.
additionally when you purchase from exchanges you can not withdraw 6000BTC at a time!
this behavior can only be coming from an exchange service which is moving funds from a lot of addresses to their multisignature cold storage.

p.s. this is what a whale looks like: https://btc.com/bc1q9sh6544xls87x7skjzyfhkty4wq7z76vn7qzq9

A very promising future

Yeah probably one of the guys who doesn't know much about bitcoin and buys just for the sake of it and forgets about it. I think he saw how people were going crazy about bitcoin and decided to spend some money on bitcoin and gift his kids that. This is why the society needs new wealthy elites so that they can use their money more wisely.

Have you actually read the posts above? This is not an actual buy of Bitcoins by a whale,
this is an address of the exchange Huobi that is moving funds from several addresses under
their control (probably to a cold storage wallet with higher security).

No whale would be able to buy that amount of BTC without a ton of slippage either.
400M $ of new capital would increase the BTC price tremendously due to the tiny
float of BTC on most exchanges.

"LOOK! Someone bought a lot of bitcoin, so there must be a reason to own bitcoin, please buy bitcoin!"

lul

What a big amount of money invested on bitcon. If he bought it between Feb 9 and 12 which is 8,000$ plus, he's making millions of dollars already today even if bitcoin falls a bit to 10,000$.

But where's the proof for that? One guy on this forum said "It's Huobi" without any proof at all and then people like you simply started repeating it. Where's the proof?

I saw a guy buying huge amounts of BTC on bitfinex, over 20k in just 1 day in the first week of february. So to me it would make sense if this huge buyer I saw was behind this account. And since he bought the coins in extremely non economic way, I still think it might be Bitfinex themselves with printed tether.

the link to the "proof" that you repeated twice is already posted above by gentlemand literary in the first reply to this topic. did you bother to look at it?
do you even know what "blockchain analysis" means and what "walletexplorer.com" is doing?

I must have missed that. Yeah it does look like Huobi action indeed. Several inputs to 1 output per transaction, coming from Huobi sender. This particular account indeed must be Huobi cold wallet. Thanks.

I was alluding to the dude in question is using Huobi, thus supposedly traceable.

Even if its true or not investing that much will lead you to a never ending wealth. And if im that rich its not far for me to invest that much knowing btc is not yet in the edge of ending soon.

JP Morgan is joining TEH KULT. Maybe isn't them?

https://www.zerohedge.com/news/2018-02-11/jpmorgan-publishes-bitcoin-bible

But who is the person behind it? It must be Jihan Wu finally seeing the light! Hahaha.

Seriously, is it only coincidence that there were big buys from the $6000 "bottom"? It is possible that miners were protecting themselves from unprofitability and monthly loss if Bitcoin falls below some price point, or maybe they believe it was "cheap".

The mind of a miner regarding price, profitability and rising difficulty, https://bitcointalk.org/index.php?topic=2894158.msg29760400#msg29760400

When price was at top and then started to go down, one of the big whales had some big sales in thousands of bitcoins couple times more then 3000 bitcoins were sent at one exchange, probably its the same person or group fund of more then one person, say it company. They sold o top and they bought again in the dip, we talk about that here everyday, someone did it with big money, that is the difference between us and big players they run the game.
In all that it's normal they wish to be anonymous, they wouldn't be able to do it again, and they will be in the news like some pro players on front page's, people who play games with bitcoin and earn billions from that.

theres many of them,i am just wondering what's the motive about this single wallet address purchase,,theres must be a reason why this investor do this action.but whatever it is.the important thing is this helps the market grow again after the huge dip

Nothing like having a bullshit story picked up by other rags, e,g. http://fortune.com/2018/02/19/400-million-bitcoin-anonymous-investor/, eh?

This reminds me of the time when some homeless dude once found a discarded laptop in a dumpster, then tried to sell it for ten bucks to the fist couple he came across, but they being Bitcoiners quickly discovered that the laptop contain mega bitcoins, informing the dude of their finds upon passing on the deal of the century. The homeless dude tried to tip them but the anonymous couple simply said, "Thanks, but no thanks, because that's the way we roll." (paraphrased, but nailed the sentiment)

All the major news outlets picked up the story while I started a thread tearing the event a new asshole cuz ... wait for it ... that's how I roll.  ::)

ive seen this same thread somewhere i just cant remember but same topic.anyway i am glad about this one,this maybe the reason why the price of bitcoin accelerates and not sitting at $11,000 ..and if this continues we will be witnessing the another breakthrough of this ultimate coin.

Is that you Gleb Gamow? Hehehe.

You don't believe that someone or some group of whales really bought $400m worth of Bitcoins, maybe thinking it was at a "low" or something? The chart shows big buys from $6000 on 2/6/2018 and it never came back that low ever since.

I believe it was the big Chinese miners trying to protect themselves. Just my guess for what its worth.

Wow that's huge announcement, seems he know now is a good to time time invest after the price down much from the peak.

Lol. Obviously, most media would always want to drop a catchy line to draw in traffic. Knowing it is an exchange, no one would bother reading much about the news, but not knowing at all, would leave the readers hanging trying to find out all by themselves who the person in question could be until they find the answer, but at least, the media would have been able to fulfill their own mission in the process. This tether involvement though scares the creep out of me based on what I can gather and what a lot of people have been saying.

This thread is hilarious. Nobody reads the 2nd post in this thread which already proofed that it's just an exchange. It's all Huobi orders moving in each transaction tons of wallets into 1 single wallet (their cold wallet).

yeah, yeah cap...
just let people believe in jewish plot

For the idiots here: https://www.walletexplorer.com/wallet/e8fb61953c163500?from_address=3Cbq7aT1tY

Now scroll down that list, look at the big transactions, see who the sender is. Now click on such a big transaction and see how every and each time it's tons of sources addresses moving coins into 1 single address, exactly like an exchange would do when it moves coins into its cold wallet.

Dude, you're buckin' for a lawsuit if you're claimin' that Nathan of Investopedia is full of shit, basing his prowess and venerable research on FACTS gleaned from reliable source in penning the tour de force article now picked up by other [financial-based] rags.

https://www.investopedia.com/contributors/54684/


https://www.linkedin.com/company/orion-consultants/

That is what always ends up happening when the weak hands have truly shown how weak they have been and then they let the big guys who have the bucks and know the future or well informed get the best of what they have been holding. Also, that looks more like a move from an exchange, with the little transactions that has been going on with the wallet. Although someone rightly mentioned huobi, but how can we really know?

The beginning has been noticed already when we started having big volume around the $9000 dip and even more when we had a further drop. Let's hope this ushers in a reversal for bitcoin. Also, I keep having the feelings like bigger players are really trying to get their hands full in the bitcoin market after driving the value down to shake off weak hands. Let's see how this goes.

Or may be a billionaire who just invested a significant fraction of his wealth in Bitcoin? Hedge fund managers are not that stupid to keep all their coins in one wallet. Before they do any investment, they carefully do the research about its potential implications. Well.. my worst fear is that this wallet belongs to some mafia don.

Knock. Knock. Are brain cells at home? Not?

How many more times need it to be said that it wasn't a billionaire or hedge fund? I must admit that the hype around this article has been impressive, but the fact that people still haven't noticed anything is pathetic.

It only takes to a brief moment to browse through the addresses these funds are coming from, which should immediately cause this hyped article to dry out, but nope, people still act like headless chickens.

For a long term legendary member it's quite embarrassing honestly. And care to explain why it is a problem that a mafia don owns a large number of coins? I don't see anything wrong with that. ::)

Do you want to say that Chinese miners would be buying up to protect their mining profits? In my opinion, that would be counterproductive and risky as hell. In short, that would be a really bad move cause they might not get there and lose money at that, for example, if some whale decided to cash out. The price reversal was likely due to a downtrend movement getting limited and exhausting itself. It looks more like $6k was the lower limit below which people who bought in December and didn't sell soon thereafter wouldn't be selling at any price, no matter how low Bitcoin could fall. So it was no use pressing prices any lower.

I agree. This is likely to be an individual who can afford to invest that much money in something as unsure as btc. I don't think this is a blind decision though because for you to put that much money on the table, you have to be prepared and aware of the risks. So that's a calculated investment hoping for a bigger return

You sir are really THE idiot of the thread. Did you even READ any of the posts here? It's been proven 1000x times that it's just Huobi exchange cold wallet.

In the spirit of who's pulling the strings, let's revisit the article partially quoted in the OP, specifically this [quoted verbatim from the original article] ...

https://www.investopedia.com/news/anonymous-cryptocurrency-enthusiast-bought-400-million-bitcoin/


Who is Alex Sunnarborg?

https://www.coindesk.com/author/alexsunnarborg/


https://www.token2049.com/speakers?gclid=Cj0KCQiAzrTUBRCnARIsAL0mqcwR0T43shwNmB6q9k_L4EmnUDlFAM4ahm5MyLki9E2h3S_TtF6QUAYaAkfKEALw_wcB


Before continuing, look who else is scheduled to speak at the alluded to TOKEN2049 conference in Hong Kong (20-21 March 2018) ...

https://www.token2049.com/speakers?gclid=Cj0KCQiAzrTUBRCnARIsAL0mqcwR0T43shwNmB6q9k_L4EmnUDlFAM4ahm5MyLki9E2h3S_TtF6QUAYaAkfKEALw_wcB


Now, you tell me how it's fuckin humanly possible for a former Orion Consultants, Nathan Reiff, to seek out Alex Sunnarborg who is a professed blockchain research analyst but couldn't connect the simple dots like us mere mortals were able to do literally within seconds - a couple minutes if you're slow or was distracted precisely when three flies were performing a ménage à trois on your ceiling, a forth fly joined in to form a ménage à quatre.

https://twitter.com/alexsunnarborg/status/958761507596263428


Translated: I don't have a fuckin clue on how to read them blockchain thingies but I'm a sought-out guru in the crypto space in knowing when and where Investards should funnel their moneys cuz I'm a blockchain analyst expert recently instrumental in pumping the shit outta Bitcoin prior to speaking at the upcoming Asian dog-and-pony-show conference. Speaking of canines, rumor has it that the following is on the menu ...



Follow this link to see ALL the [financial-based] rags that picked up on the original story, none of which even remotely fact-checked like astute posters in this thread et al. have done to date: https://www.google.com/search?q=Anonymous+trader+buys+%24400+million+in+bitcoin&rlz=1C1CHBF_enUS727US727&source=lnms&tbm=nws&sa=X&ved=0ahUKEwijvq6KuLfZAhVnh1QKHYU6BYYQ_AUICigB&biw=1164&bih=537

We need something to bring the price back. Ever since Tether printing stopped it's only fell. Hopefully there's some serious capital injection coming from somewhere.

In re the last paragraph, I nailed it! --> https://www.youtube.com/watch?v=UQcCIzjz9_s&feature=youtu.be&t=498

Well if it's Huobi or some other big exchange or hedge fund, they're surely trying to fulfill large individual demands, precisely not to make their moves obvious. Newcomers finally finding their way into bitcoin or whales simply about to dump their huge bags of alts? I guess in the big picture, these moves won't matter. But they certainly help prove that Bitcoin in no way is losing its attraction. All the so-called big sell offs have nothing compared to this amount.

I can feel the jealousy from Bitcoin Cash on this type of news!

Don't you think that excessive printing of Tether tokens was the primary cause behind bitcoin's unstoppable price growth in late November and December? So things just returned to kind of normal, where they should have been without Tether. But I'm curious what happened to these tokens and those who bought them. To balance supply and demand they should have been destroyed (burned).

We're gonna try this again. The story isn't who or what entity recently amassed a huge amount of bitcoins. The REAL story is who the fuck is controlling the narrative?


https://www.infowars.com/bitcoin-surging-after-mystery-trader-buys-344-million-in-cryptocurrency/



Seriously? InfoWars quoted MarketWatch?

https://www.marketwatch.com/story/anonymous-trader-buys-400-million-of-bitcoin-2018-02-16


That's odd. My sources, the same FUCKIN INTERNET they use, contributes the source two days priors to ...

https://www.investopedia.com/news/anonymous-cryptocurrency-enthusiast-bought-400-million-bitcoin/


It gets better ...


First, Alex Sunnarborg is quoted by Investopedia, then two laters, MarketWatch picks up the story and sites Alex verbatim. Now, its SiliconANGLE Media stating that Alex told MarketWatch the exact same phrase two days after it was first penned by Investopedia. What next? Satoshi rising from the grave so to quote Alex's comments that was given to SiliconANGLE during an inclusive interview?

http://www.coindaily.co/2018/02/17/trader-btfd-and-scoops-up-400-million-in-bitcoin/


Yep, another blockchain expect advancing the truism sans doing one iota of research like the astute posters on this thread have done.

Imagine, if you will, some bitcoin scientist on the top floor of some London office building, let's say, muses about who the whale in question is after giving Satoshi head after Satoshi proved beyond doubt to said scientist that he is indeed Satoshi regardless if some future Russian clown cites signalling theory in proving that he's not.

If Roger Ver wants, he'll move $1 billion worth of BCH without any problems, so it's not that what you say makes any sense, especially when it comes to the other part of your post. If an exchange accumulates a huge sum of funds in one single wallet, it doesn't mean that a large player entered the game or whatever. Huobi could have just done so for convenience purposes, although it isn't safe for an exchange or any other entities to store that many funds in just one single address. For that reason I believe that it's just a matter of time (probably weeks) before they will redistribute these coins in a more efficient and safer manner.

I do not see any changes with this purchase, with that amount there may be a flash pump. but only a few percent rise.
is this true? or just an issue to increase purchases.

A lot of people are claiming this to be an exchange and on some other thread, some are claiming it to be one of those bitfinex ways, if you know what I mean. Well, people will say so many things, but the thing is they are all speculations and we cannot really trace the account to anyone. If it is an exchange like some people are saying, which I want to believe it to be, no shit, but for a single person, I totally doubt and like someone said, pro investors will never draw attention to themselves that way.

Looks like Daddy Bitcoinbucks decided to liquidate some of his holdings ...

https://www.walletexplorer.com/wallet/e8fb61953c163500?from_address=3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64

It looks like the rags can't even connect the dots between two articles they published:

http://bitcoin-newswire.com/2018/02/16/anonymous-trader-buys-400-million-in-bitcoin/

From two years ago, here's an article espousing the wallet address that initially funded the anonymous trader in question: http://bitcoin-newswire.com/2016/06/23/the-mysterious-19000000-litecoin-address-and-some-bitcoin-news/

That's really a valid point.This explanation seems to be logical since we have not seen any big hike in bitcoin prices despite being bitcoin bought in such a huge volume at once.So,probably this would be an exchange's move to its wallet thus making no difference in bitcoin price.

Yet, not a single crypto-based periodical advanced that truism as a distinct possibility because it no maketh grand fodder and mighteth polluteth the official cannon.

I think there's too much of manipulation with Bitcoin market. Why that was made public isn't mysterious, either they intended to cause a massive bullish market activity to make BTC rapidly recover from the long correction or they were just showing off. However, I would say that it did have some psychological effect on those who helped raise the market back to the 8k-10k range.

Of course it means that rich people, who know how to earn money, believe in Bitcoin future. Now it will start gaining  more and more. People’s belief is very important.

https://www.marketwatch.com/story/bitcoin-whales-dump-100-million-of-digital-currency-in-24-hours-2018-04-17


https://www.reddit.com/r/BitcoinMarkets/comments/4x3frd/will_somebody_confirm_here_when_they_actually/d6cbzgj/


3D2oetdNuZUqQHPJmcMDDHYoqkyNVsFk9r seeds 1Kr6QSydW9bFQG1mXiPNNu6WpJGmUa9i1g, ergo a sperm whale.

Market moves lower by 2K sans a whale and it's mundane news; Chinese miner funds BFNX causing the market to drop by U$200 and the sky's falling.

So meaning weak hands will regret after this bad market. 'this crazy man who bough such surprising amount during panic time explain plainly that bitcoin will recover soon if not then,  why would you buy 400$ million ammount of bitcoin if it will put you down?
Congrats to the strong ones.

Wow!  That's alot of money and with that purchase he must have been a very wealthy man with so much faith and believe on bitcoin. Even the deep he sees the crypto potential and this actually has a good effect on the bitcoin market movement😊

But why dump now? Would it not be wiser to sell them slowly on the rise and providing some liquidity than causing another crash? Or why not auction the coins or sell them over the counter?

I think it is a trading platform wallet and not one person putting that into purchase of bitcoin. Bitcoin is going to grow and I think people have started building confident in it again. All the FUD is now dying down and we are now seeing the reality of the the market position. Now is the right time to buy as other are doing and make serious profits from your position in future.

Here's a fuckin novel idea --> reply to the latest posts oppose to commenting on the title alone so to satisfy your signature campaign commitments.

Asking about the anonymity of Bitcoin is unambiguous. You can monitor the value and can buy Bitcoins through Blockchain technology from any authentic investor if you want to buy. Where there you will get what you need and to hold that for long term will give you huge profit at the end. Do what other investors are doing; do not think about negativity but about your investment because all you need from here is to take benefit.

I don’t understand what you are talking about. Just answer the questions or reply to the topic asked. I think it is a company who invested $400 million in bitcoin. No doubt that such a big investment will affect the price because they will hold a huge amount of bitcoin. This anonymous trader wants to set the price of bitcoin according to their wish because they have invested such a big money without any interest.

May be it is one person who wants to hold a large amount of bitcoin. Such a big investors also affect price because when they take all the available stock the price go up and small investors buy bitcoin on low price and when the price become high these investors sell their bitcoin for higher price and make a huge profit. $400 million is a very big amount.

That much is true. Dude, it's been proven that said anonymous trader is none other than an exchange moving its own coins. Nothing more, nothing less. What I've been advancing is that nary a periodical picked up said fact, opting to advancing some agenda via parroting each other. Same true with the most recent SPERM WHALE moving coins.

if there are any transactions, it will only mean a positive trend in the crypto currency market. Although unequivocally, ordinary traders do not operate with such amounts on the market.