|
psibbett
Newbie
Offline
Activity: 16
Merit: 2
|
|
February 17, 2018, 05:45:24 PM Merited by DeathAngel (2) |
|
I agree we're on the next bull run, that's pretty risky to put so much just in bitcoin though. Maybe he knows something about the lightning network implementation that we don't...
|
|
|
|
recsoninlight (OP)
Jr. Member
Offline
Activity: 167
Merit: 1
|
|
February 17, 2018, 05:48:26 PM |
|
I agree we're on the next bull run, that's pretty risky to put so much just in bitcoin though. Maybe he knows something about the lightning network implementation that we don't...
or maybe this is a crypto whale tries to manipulate the price of bitcoin
|
|
|
|
jimbo2000
|
|
February 17, 2018, 05:50:26 PM |
|
Whales will generally be good for the price because you'd like to think that someone with such a large holding will be looking to hold for a fairly extended period. Let's not forget that while the usd amount is huge the overall BTC holding isn't that significant relative to total supply.
|
███████████████████████ ▀▄ Platio ▄▀ ███████████████████████
|
|
|
o_e_l_e_o
In memoriam
Legendary
Offline
Activity: 2268
Merit: 18638
|
|
February 17, 2018, 05:52:08 PM |
|
There is already a thread about this on the front page: https://bitcointalk.org/index.php?topic=2966977.0Movement between addresses does not confirm anything was bought or sold. This could easily be an exchange transferring to a Segwit address.
|
|
|
|
Shrinath
Member
Offline
Activity: 112
Merit: 17
|
|
February 17, 2018, 11:43:45 PM |
|
Well, experts in the financial market states that an anonymous crypto currency enthusiast capitalized on this week's dramatic bitcoin price plunge by scooping up $400 million worth of bitcoin. Crypto currencies have had a tumultuous start to 2018. At the start of the new year, many digital currencies were riding a wave of price growth, and the market capitalization of the industry grew to the point that a $1 trillion valuation didn't seem unreasonable. Then, early in the new year, prices collapsed, and many of the top 20 crypto currencies slumped considerably. While the price dump may not have been the crypto currency bubble pop that many analysts have predicted, it did mean that top crypto currencies, even industry leader bitcoin, fell to their lowest levels in months. Although bitcoin dipped below $6,000 per coin in early February, according to Market Watch, the price has since risen considerably. In fact, it has climbed by more than 60% in the past two weeks or so, finally climbing back above $10,000. Apparently, the anonymous crypto currency trader who made a major investment in the currency imagines that this upward trend will continue. Nonetheless, bitcoin's price remains far below its all-time high of just under $20,000 per coin, attained late in 2017. Who was the trader who made the astonishing investment? For the time being, his or her identity has been difficult or even impossible to surmise. Crypto currency bulls have begun to argue about the direction of the price of the world's top digital currency. If bitcoin continues to gain back value, the anonymous buyer could soon find him or herself in the crypto billionaire circle.
|
|
|
|
First77
Member
Offline
Activity: 266
Merit: 32
|
|
February 18, 2018, 12:06:19 PM |
|
|
|
|
|
gabmen
|
|
February 18, 2018, 12:48:53 PM |
|
Possibly, but you also can't waive the fact that there may be someone who will do this. There are many reasons why someone can put that much money in btc and probably like the winklevoss twins, he'd end up a billionnaire after the year ends
|
Report to moderator . ██████████. .████████████████. .██████████████████████. -█████████████████████████████ .██████████████████████████████████. -█████████████████████████████████████████ -███████████████████████████████████████████████ .-█████████████████████████████████████████████████████. .████████████████████████████████████████████████████████████ .██████████████████████████████████████████████████████████████. .██████████████████████████████████████████████████████████████. ..███████████████████████████████
|
|
|
01BTC
Member
Offline
Activity: 462
Merit: 18
|
|
February 18, 2018, 12:55:47 PM |
|
I would think of this as a good sign for the crypto!! I do hope the price will raise this year at least to 20k , cheers!!!
|
|
|
|
Kprawn
Legendary
Offline
Activity: 1904
Merit: 1074
|
|
February 18, 2018, 01:21:15 PM |
|
To be honest, $400,000,000 will not make a huge impact on the price. The total market cap of Bitcoin is currently at $180,327,445,845. You might agree that it would take a lot more than that, to cause a ripple in the pond. Someone { I would expect, Wall Street } are flashing some money to pump the price a little, but it will not make any big waves. It will take 450 times that amount for us to see $20,000 per bitcoin again.
|
|
|
|
jimbo2000
|
|
February 18, 2018, 09:29:04 PM |
|
To be honest, $400,000,000 will not make a huge impact on the price. The total market cap of Bitcoin is currently at $180,327,445,845. You might agree that it would take a lot more than that, to cause a ripple in the pond. Someone { I would expect, Wall Street } are flashing some money to pump the price a little, but it will not make any big waves. It will take 450 times that amount for us to see $20,000 per bitcoin again. It wouldn't take an investment of 180bn to increase the market cap by double. The market cap would increase so much more than that if someone wanted to invest 180bn in to the market.
|
███████████████████████ ▀▄ Platio ▄▀ ███████████████████████
|
|
|
RNC
Newbie
Offline
Activity: 42
Merit: 0
|
|
February 18, 2018, 10:33:31 PM |
|
Maybe he got the message when BTC crashed below $10,000 and had a few sleepless nights and came to the conclusion that he had been greedy to keep holding out for top buck. How do we know this $400m is real money because I know lots of people that jumped ship due to the high fees so maybe its one of the Bernard MadeOff jobs but this time no one will go to jail.
|
|
|
|
jimbo2000
|
|
February 19, 2018, 01:15:58 PM |
|
Maybe he got the message when BTC crashed below $10,000 and had a few sleepless nights and came to the conclusion that he had been greedy to keep holding out for top buck. How do we know this $400m is real money because I know lots of people that jumped ship due to the high fees so maybe its one of the Bernard MadeOff jobs but this time no one will go to jail. No one other than the people involved in the trade can confirm what currencies were involved and how much. The $400m figure is just derived from the amount of BTC that account added times the price at the time. It could be that they paid more or less than $400m.
|
███████████████████████ ▀▄ Platio ▄▀ ███████████████████████
|
|
|
trumper
|
|
February 19, 2018, 01:24:44 PM |
|
This means $400M bitcoin was sold as well, I think most of these bitcoin were sold for loss, and someone who is very smart will make lots of money with them.
|
|
|
|
jimbo2000
|
|
February 20, 2018, 05:07:14 PM |
|
This means $400M bitcoin was sold as well, I think most of these bitcoin were sold for loss, and someone who is very smart will make lots of money with them.
No it doesn't. As I said above, all it shows is $400m worth of bitcoin being transferred to one account, they might not have changed hands at all, just moving from one wallet to another, or multiple wallets to one wallet.
|
███████████████████████ ▀▄ Platio ▄▀ ███████████████████████
|
|
|
|