Bitcoin Forum

Someone just bought 8000+ bitcoin on coinbase https://ibb.co/pb3Yt9T

That worths 460m + approximately, and only high influenced company or person can bought that, so who might it be?
Is it elon musk again?

only in the form of information that you present?
is there an introduction from you that we can talk about in this thread?
maybe you can edit your post and add your response or point of view as a news anchor, or maybe a paragraph for example.

Nah, I do not think it is Elon. There are many sharks in the crypto markets.

Nonetheless, this is a good sign for the next bull run after a huge dump. The resistence at $53000 seems very tough. The price has been around for 3 days

"someone" no, every whale has been buying big amounts of bitcoin in the dips every time the dip happens. there are lots of them too.

by the way your picture does not prove anything. just like all the previous topics similar to this one, we have no idea if these coins came out of coinbase and even if they did we still have no way of knowing if someone actually bought these coins. it may be coinbase itself sending coins to another wallet of theirs.

It's good that there is someone who just bought a lot of bitcoin, this means that the prices is going to increase again since 8k bitcoins is a lot, I just hope that people aren't going to sell their bitcoin just for the quick buck.

I am not surprised by this news anymore because if you look at the history of coinbase you will see that many people bought Bitcoin in quantities above 1000 Bitcoins while the market fell. Those are the bottom fishing phases or tricks created by the big boys in the market. So rest assured the bull market will continue until similar events cease to happen when Bitcoin falls sharply.

Perhaps, that is institutions that have a large capital buying bitcoin in a big amount. With bitcoin popularity now, bitcoin attracts a big investor to invest their money in bitcoin. The trend is currently still at a downtrend, giving them benefits to buy bitcoin at a low price. But if they don't research bitcoin price and just buying because they see bitcoin price at a downtrend, they will need to have patience because bitcoin price can go down for more.

Perhaps, later we will see another big company buying bitcoin in a big amount to push the price to increase. At least, that will give a chance for bitcoin to gain more popularity among the other big company.

An individual simply buys 8000BTC. This is just too much for a person. I think a certain investment fund bought such a large amount in time to reduce the price of Bitcoin. I believe they were team-operated, had a group of Bitcoin sellers and a group that bought Bitcoin to benefit from the difference.

Not sure if Coinbase Prime purchases are pretty much just Coinbase Pro purchases but just with higher limits and probably lower fees, but that should be it. Kinda unlikely(but definitely not impossible) for a retail trader making such a huge purchase; and in a really really short period too.

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EDIT: totally missed this lul.

Two thoughts are struggling in mн mined with the current situation in the market. One says to me: "The market is too hot. We need a strong and prolonged correction." And the second thought tells me: "Look, big players are buying BTC at these prices, the trend is only gaining momentum." Such purchases lead to the belief, that the bullish trend will continue.

The price of 8000 bitcoin isn't small amount. Is it for one person or any big company? If it really happens, I think he will hold this amount strongly to get huge benefit from his investment.

I think,he made the purchase the right time.Bcoz now bitcoin price lower average $55k-$56k.8000+ bitcoin ?Well,It's a big amount for him. I think, Bitcoin price will rise again and   bitcoin price will be reached $70k this year.Hopefully, he will able to make good profit from his investment.

In my opinion, it doesn't matter who bought it, a company or an individual. Or a group of individuals. The most important thing is that this is the support of the market and a signal that the demand continues despite the fears of a market reversal in the direction of the bearish sentiment (trend). I often hear and read recently that the reversal is real and will have a long-term character, but such purchases just say the opposite. If people buy such volumes of bitcoin, it means they are counting on growth, even in the long term.

Most probably, this is MicroStrategy as they have done these types of buying in the past and put up a statement the next day. Also, it would not be wrong to say that there are plenty of institutional investors waiting to grab one of these opportunities to get into the Bitcoin wave and start their crypto journey. The hype is over the roof this time and no FUDs can break this right now.

Thats more than likely 8000 Bitcoin off the market and into a HODL wallet for
the next 5 to 10 years.

Its a strange time ATM, Bitcoin last time I checked was running at around 54%
dominance, there is a good bit of selling going on by people getting into ALT's
and their Bitcoin is being bought by those who believe in Bitcoin not in pump-n-dump
$hitcoins.

The volume traded in the past 24h is 1,029,561 BTC, so, that 8,000 BTC doesn't represent the 1%. It looks like a big transaction but it isn't at all.

For sure a transaction like that will change the price a bit, but isn't something to worry about, if we follow the whale alert on Twitter we will see transactions like that all days. For an example, 2 hours ago someone sends 3000BTC https://twitter.com/whale_alert/status/1384898935337148426

Just chill dudes, you actually don't know who bought this, whether a whale or a big company. There may be an article about it on major cryptocurrency news websites, better to be updated about that, otherwise - don't get excited, just chill dudes. Crypto doesn't need excitement, you need to be chill and also, you can't catch every moment but have the opportunity to catch the best ones. As I said earlier, it's easier to trade when you don't trade because by checking things constantly and everyday, you make a lot of mistakes.

Btw I think that price will rise and it will reach all time high again, bulls will last till this year, after that, the bears will enjoy the ride. I strong bull run with 3x strong bearish hits this year.

That could be just another institution that has taken advantage of the dip. They know how important it is to buy every dip.

But what's important is that whether it is an institution, an individual whoever they are, what's important is to do the same action every dip. Whilst the others are whining if bitcoin is done, here they are, buying the dip.

Yes, it's a lot.

The whole Sunday dump on Bitstamp was about 4000 BTC and it made the price go down 10 thousand USD.
On the other hand people are buying more OTC, I can bet. We see what they want us to see on the charts. Real deals are made so that we don't know about them and find out when they have to report it to IRS months later ;)

Somone just bought 2000 more bitcoins at coinbase , they for sure buying up

So sad. A whole page of comments and nobody has yet pointed out that

nope. the actual reality is
someone deposited 8000btc into coinbase pro wallet
yep its a 8000btc movement not a dollar deposit
(dollar deposit=buyer)

maybe that someone sold some of those coins but not all.. however unlikely right now
coinbase pro's volume for the entire day of all traders is $127,627,412 = 2320btc
so that 8k hasnt been sold yet

coinbases daily trading volume average is ~$200m=~3600btc

so with there being an 8k btc deposit. expect either a sell off to a factor of 2-3x daily volume either quickly in one day or slowly over multiple days

..
heck the wallet movement may not even be a user.. it can just be a hot/cold wallet shift internally

Impressive growth during the economic crisis because of Covid19, Bitcoin is attracting a lot of individuals and organizations interested in it. I hope to hear more than good news like this. This will help the Crypto market growing and stronger.

Yes, sometimes this happens. I don't even pay attention to it.