Bitcoin Forum
December 15, 2017, 10:38:47 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 [2] 3 4 5 »  All
  Print  
Author Topic: KNC moved all of their 9000+ BTC Today  (Read 6685 times)
randy8777
Legendary
*
Offline Offline

Activity: 896


View Profile
June 02, 2015, 01:01:00 AM
 #21

why is it so special that a certain party is moving their coins. they most likely did it for security purposes. nothing special to be honest.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1513377527
Hero Member
*
Offline Offline

Posts: 1513377527

View Profile Personal Message (Offline)

Ignore
1513377527
Reply with quote  #2

1513377527
Report to moderator
lyth0s
Legendary
*
Offline Offline

Activity: 1246


World Class Cryptonaire


View Profile
June 02, 2015, 01:05:27 AM
 #22

why is it so special that a certain party is moving their coins. they most likely did it for security purposes. nothing special to be honest.

1) KNC "screwed' a lot of people that had paid them for miners.
2) Large net sells on bitstamp may take place
3) No evidence of any bitcoins behind XBT Provider

Those are the concerns and reasons why I mention all of KNC's coins moving

Monero - Truly Anonymous Digital Cash. Bitcoin Reading List 2017
kwukduck
Legendary
*
Offline Offline

Activity: 1913


View Profile
June 02, 2015, 01:24:28 AM
 #23

Well KNC is a significant player in this economy and they have a strong network to inform them of any upcoming events. This move would only confirm our worries that a massive event is going to happen soon that will move the price lower than anyone will expect without a realistic outlook of recovery.

14b8PdeWLqK3yi3PrNHMmCvSmvDEKEBh3E
CoinCidental
Legendary
*
Offline Offline

Activity: 1246


Si vis pacem, para bellum


View Profile
June 02, 2015, 03:05:39 AM
 #24

Well KNC is a significant player in this economy and they have a strong network to inform them of any upcoming events. This move would only confirm our worries that a massive event is going to happen soon that will move the price lower than anyone will expect without a realistic outlook of recovery.

9000 bts will not cause too much of a price drop, let them dump them cheap and they will be hoovered up

ETFbitcoin
Legendary
*
Offline Offline

Activity: 1162



View Profile
June 02, 2015, 04:37:02 AM
 #25

Well, it could be the reason why bitcoin price went down to $22x
Maybe they were selling their bitcoin because people already know that they are scam & they might run away

Cconvert2G36
Sr. Member
****
Offline Offline

Activity: 392


View Profile
June 02, 2015, 04:43:30 AM
 #26

Well, it could be the reason why bitcoin price went down to $22x
Maybe they were selling their bitcoin because people already know that they are scam & they might run away

WTF are you talking about? They already got the money from the customers, now they mine for themselves. Run away where? From what?

They may be lining them up to be rolled into the bitcoin tracker etn, to a new cold address, maybe sold on exchanges... we won't know anything more until they move again.
Searing
Legendary
*
Offline Offline

Activity: 1568


Tips for help? 1BzbfMHCrTeLjc7eCGrYVhH3QXSRodSuke


View Profile
June 02, 2015, 06:50:33 AM
 #27

Well as posted on other threads....KNC could be in some trouble ..seems their 16nm chips on their IPO farm could be delayed till 2016

...nice to see the wheel has turned and they need to sit on their hands on a "pre-order" lol Smiley

Now if the IPO investors were smart enough to say something in the contract about IPO farm by such and such a date....KNC could get some
big money 'yanked' back

serves the buggers right ...see how they like it on the other side of the pre-order and late delay side of the fence


....supposedly tape out on their 16nm chips was on feb 3rd 2015

Phoenix1969 pointed this link out to me:


http://wccftech.com/tsmcs-16nm-finfet-faces-delays-qualcomm-jumps-ship-samsung/


their press release back on tape out from main site www.kncminer.com

http://venturebeat.com/2015/02/03/accel-partners-invests-15m-in-kncminers-to-build-a-16-nm-processor/


wikipedia on TWSC

http://en.wikipedia.org/wiki/TSMC

They could be very very very screwed in getting their IPO 16nm Farm out this year....serves them right IMHO......see how they like pre-order delays LOL Smiley


Guess they should have put up that Titan scrypt miner farm instead don't ya know.....

anyway made my day!




       ▀
   ▄▄▄   ▄▀
   ███ ▄▄▄▄  ██
       ████
    ▄  ▀▀▀▀
▄▄
      ██    ▀▀
██▄█▄▄▄████████
▄▄▄▄▄▄▄▄▀▀███▀▀▀
██████████████████
████▄▀▄▀▄▀███▀▀▀▀▀
████▄▀▄▀▄▀███ ▀
████▄▀▄▀▄▀████████
▀█████████████████
]
,CoinPayments,
█████
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████
█████
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████
█████
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████
Dexter770221
Legendary
*
Offline Offline

Activity: 1027


View Profile
June 02, 2015, 07:22:27 AM
 #28

That's what good and useful currency should do, moves from one hands to another. Only that way makes good things like progress and whealth...

Under development Modular UPGRADEABLE Miner (MUM). Looking for investors.
Changing one PCB with screwdriver and you have brand new miner in hand... Plug&Play, scalable from one module to thousands.
Amph
Legendary
*
Offline Offline

Activity: 1722


Zabercoin – An Asset Backed Cryptocurrency


View Profile
June 02, 2015, 07:26:56 AM
 #29

why is it so special that a certain party is moving their coins. they most likely did it for security purposes. nothing special to be honest.

well they, maybe, have done it because they want to dump a portion in the event that the whole fork issue will kill bitcoin or damaging it too much, in the price

it's concerning

THE FUTURE OF
REAL ESTATE
..

║║
║║
║║
▬▬ ● ● ▬▬▬▬▬▬▬ ● ● ▬▬▬▬▬▬▬ ● ● ▬▬▬▬▬▬ ● ● ▬▬

║║
║║
║║
gizmoh
Legendary
*
Offline Offline

Activity: 1302



View Profile
June 02, 2015, 08:10:29 AM
 #30

Coins still in the same address, so its not a bistamp address.

How Ripple Rips you: "The founders of Ripple Labs created 100 billion XRP at Ripple's inception. No more can be created according to the rules of the Ripple protocol. Of the 100 billion created, 20 billion XRP were retained by the creators, seeders, venture capital companies and other founders. The remaining 80 billion were given to Ripple Labs. Ripple Labs intends to distribute and sell 55 of that 80 billion XRP to users and strategic partners. Ripple Labs also had a giveaway of under 200 million XRP (0.002% of all XRP) via World Community Grid that was later discontinued.[29] Ripple Labs will retain the remaining 25 billion"
sandy47bt
Sr. Member
****
Offline Offline

Activity: 266



View Profile
June 02, 2015, 10:01:38 AM
 #31

They didn't sell their bitcoin, i think it's just address for cold storage
Maybe, this is what people talking about "big crash"

uhoh
Hero Member
*****
Offline Offline

Activity: 728


Circle gets the Square


View Profile
June 02, 2015, 12:21:59 PM
 #32

Coins still in the same address, so its not a bistamp address.

This, Stamp sweep straight to cold storage.
Biontic
Full Member
***
Offline Offline

Activity: 121

HodL tight, it's gonna get wild


View Profile WWW
June 02, 2015, 12:29:25 PM
 #33

Well as posted on other threads....KNC could be in some trouble ..seems their 16nm chips on their IPO farm could be delayed till 2016
**snip**

Seems that despite the TSMC stuff - they have managed to get there anyhows!

https://twitter.com/kncminer/status/605651201141690368

"The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself.
 Therefore all progress depends on the unreasonable man." ~George Bernard Shaw
Rampion
Legendary
*
Offline Offline

Activity: 1120


View Profile
June 02, 2015, 01:03:25 PM
 #34

Considering all the FUD about Bitcoin-XT and the block size hard fork this is not a bad time to hedge a bit and sell some BTC.

Biontic
Full Member
***
Offline Offline

Activity: 121

HodL tight, it's gonna get wild


View Profile WWW
June 02, 2015, 03:24:19 PM
 #35

First 750 btc tranche were just moved to Bitstamp

https://blockchain.info/tx/22e42c59d9c46b4e1524a98e5f61a09be8e015b0d5e52659797dc52ed2aca0fe

"The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself.
 Therefore all progress depends on the unreasonable man." ~George Bernard Shaw
wpalczynski
Legendary
*
Offline Offline

Activity: 1232


Spectiv VR Crowdsale: 12/08/17


View Profile
June 02, 2015, 03:41:14 PM
 #36

Bitcoin days destroyed chart doesnt point to big players having inside knowledge of any upcoming bad events.

https://blockchain.info/charts/bitcoin-days-destroyed?timespan=30days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=



              ▄▄████████████▄▄             
          ▄███▀▀▀░░░░░░░░░░▀▀▀███▄▄         
       ▄██▀▀░░░░░░░░░░░░░░░░░░░░░▀██▄       
     ▄██▀░░░░░░░░░░░░░░░░░░░░░░░░░░▀███     
   ▄██▀░░░░░░░░░░░░░░░▄▄▄▄▄█████████████▄   
  ▄██░░░░░░░░░░░▄▄█████████░░░░░░░░░░░░▀█▌ 
 ▐██░░░░░░░░▄█████▀▀▀▀▀▀▀▀▀████▄░░░░░░░░▀█▌
▐██░░░░░░▄███▀▀███████████████▀▀██▄░░░░░░██▌
████▄░░▄██▀███████▄██████▄████████▀██▄░░░▐██
██░▀████▀██████████████████████████████▄░░██
██░░░▀██▄█████████████████████████▄██▀▀██▄██
██▌░░░░▀███▄████████▀▀▀▀███████▄██▀░░░░░▀███
▐██░░░░░░░▀███▄▄███████████▄▄██▀▀░░░░░░░░██▌
 ▐██░░░░░░░░░░▀▀████████████▀░░░░░░░░░░░▄█▌
  ▀██▄▄▄▄▄▄▄▄▄████████▀▀▀░░░░░░░░░░░░░░▄█▌ 
   ▀███▀▀▀▀▀▀░░░░░░░░░░░░░░░░░░░░░░░░▄██▀   
     ▀██▄░░░░░░░░░░░░░░░░░░░░░░░░░░▄██▀     
       ▀███▄░░░░░░░░░░░░░░░░░░░░▄▄██▀       
          ▀████▄▄░░░░░░░░░░▄▄▄███▀         
              ▀▀▀██████████▀▀▀             

     
                         [ Website ]                     
     
mrhelpful
Legendary
*
Offline Offline

Activity: 1372



View Profile
June 02, 2015, 04:45:57 PM
 #37

If all those coins were to sell off, then we see another price window drop.

Thats a ton of coins being available. I`m just going based on the blockchains transfer speculation here, but why move it, it doesnt make sense to me.
oblivi
Hero Member
*****
Offline Offline

Activity: 686



View Profile
June 02, 2015, 05:13:28 PM
 #38

Considering all the FUD about Bitcoin-XT and the block size hard fork this is not a bad time to hedge a bit and sell some BTC.
Maybe a bit, but 9000? thats insane. Those guys must be huge whales to be treating that kind of money like chump change.

..C..
.....................
........What is C?.........
..............
...........ICO            Dec 1st – Dec 30th............
       ............Open            Dec 1st- Dec 30th............
...................ANN thread      Bounty....................

Shiver
Sr. Member
****
Offline Offline

Activity: 246


View Profile
June 02, 2015, 07:10:35 PM
 #39

Is it a *move* or a *sell*?  Makes a big difference.  It may affect the market if that is misunderstood (and could be an opportunity or a problem depending on what is actually happening).

Still, 9000+ coins is not that significant in market size terms, just a few days of depression before a rebound to compensate an over sell.

hellscabane
Legendary
*
Offline Offline

Activity: 896



View Profile
June 02, 2015, 07:24:18 PM
 #40

Considering all the FUD about Bitcoin-XT and the block size hard fork this is not a bad time to hedge a bit and sell some BTC.
Maybe a bit, but 9000? thats insane. Those guys must be huge whales to be treating that kind of money like chump change.

Well, the fact that their business model requires foundry fabs, it would be expected that they'd have to have a decent amount.

At a minimum getting a working relationship with a company like TSMC to device-in/out and tape in/out requires a minimum investment of $5-10M. Assuming industry-specific working EBITDA would entail financials of at least $75M.

So really 9000 BTC isn't really all that "large" (but it still isn't something to sneeze at).
Pages: « 1 [2] 3 4 5 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!