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kryptopojken (OP)
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January 17, 2016, 09:41:02 AM |
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What's up with these huge blocks in the last hours? several 300k btc blocks as well as one over 600k btc moved. Anyone know wtf is going on??
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"Governments are good at cutting off the heads of a centrally
controlled
networks like Napster, but pure P2P networks like Gnutella and Tor seem
to be holding their own." -- Satoshi
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iikun
Legendary
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Activity: 1062
Merit: 1003
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January 17, 2016, 09:51:16 AM |
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I doubt movement of that size is anything to worry about. It's not like anyone would be silly enough to dump it because they'd only be shooting themselves in the foot.
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kryptopojken (OP)
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January 17, 2016, 09:58:24 AM |
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I doubt movement of that size is anything to worry about. It's not like anyone would be silly enough to dump it because they'd only be shooting themselves in the foot.
Agree. But imagine if you saw over 10% of all the USD in the world was moved. It's interesting to know why and where |
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iikun
Legendary
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Activity: 1062
Merit: 1003
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January 17, 2016, 10:11:23 AM |
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I doubt movement of that size is anything to worry about. It's not like anyone would be silly enough to dump it because they'd only be shooting themselves in the foot.
Agree. But imagine if you saw over 10% of all the USD in the world was moved. It's interesting to know why and where indeed. Do you have the block numbers handy? |
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iikun
Legendary
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Activity: 1062
Merit: 1003
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January 17, 2016, 05:26:08 PM |
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that first block is far & away the biggest one I've ever seen. With MK safely behind bars for now (I think) it can only be one of the big mining farms shifting its loot. For all the talk of Bitcoin being decentralized, it sure doesn't seem that way sometimes. |
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Snail2
Legendary
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Activity: 1512
Merit: 1000
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January 17, 2016, 06:54:54 PM |
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Probably an exchange moved funds between wallets. Apart from Satoshi himself there are very few whales with that much bitcoins (if any) and whales used to be careful, so AFIAK they used to store their coins in smaller portions, instead of one huge chunk.
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Bobsurplus
Legendary
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Activity: 1008
Merit: 1000
Making money since I was in the womb! @emc2whale
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January 17, 2016, 06:55:32 PM |
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Get ready for the dumps.
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NorrisK
Legendary
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Activity: 1946
Merit: 1007
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January 17, 2016, 08:04:20 PM |
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Maybe some exchanges got a bit spooked from the theft story by cryptsy and are taking improved security measures for their cold storage.
This may include a change of address, which explains the movement of these amounts of coins.
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liquidiser
Member
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Activity: 77
Merit: 10
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January 17, 2016, 08:08:31 PM |
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There were over a million bitcoins moved in that block today. Someone could be preparing for a giant dump. Since I saw those bitcoins move I'm not sure the price will hold. It could have been an exchange or mining pool moving its funds around, and its not guaranteed they will be dumped, but if they are the price will suffer. |
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Valerian77
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January 17, 2016, 11:33:35 PM |
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Output Total contains exchange and fees while Transaction Volume is the net sum |
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MatTheCat
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January 17, 2016, 11:36:52 PM |
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is crypto done??? |
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elite3000
Legendary
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Activity: 1073
Merit: 1000
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January 18, 2016, 02:11:21 AM |
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Just a rich troll trying to make people waste time trying to figure out why so many coins are being moved.
Just ignore
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LFC_Bitcoin
Legendary
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Activity: 3528
Merit: 9561
#1 VIP Crypto Casino
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January 18, 2016, 02:19:16 AM |
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Just a rich troll trying to make people waste time trying to figure out why so many coins are being moved.
Just ignore
This is probably about as interesting as it is. |
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afbitcoins
Legendary
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Activity: 2100
Merit: 1061
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January 18, 2016, 10:26:02 PM |
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Just a rich troll trying to make people waste time trying to figure out why so many coins are being moved.
Just ignore
This is probably about as interesting as it is. haha a rich troll. Interesting idea. It is wierd though. Maybe someone prooving to someone else they own those private keys ? Big deals being made out of the spotlight ? |
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oblivi
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January 19, 2016, 12:12:22 AM |
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Just a rich troll trying to make people waste time trying to figure out why so many coins are being moved.
Just ignore
I can't wait for confidential transactions so we don't have to deal with this bullshit. I mean I wish I wasn't broke and people would comment on how im moving a ton of coins, but imagine you are the rich guy, i would be pretty pissed off that people speculate about my money movements. CT will make the amount of coins being moved invisible. God bless G maxwell. |
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Wolf Rainer
Legendary
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Activity: 1960
Merit: 1022
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January 19, 2016, 12:20:19 AM |
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Get ready for the dumps.
Stop talking bullshit. Always fudding, nobody listen to you. |
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jaberwock
Legendary
Offline
Activity: 2548
Merit: 1073
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January 19, 2016, 12:24:40 AM |
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Just a rich troll trying to make people waste time trying to figure out why so many coins are being moved.
Just ignore
This is probably about as interesting as it is. haha a rich troll. Interesting idea. It is wierd though. Maybe someone prooving to someone else they own those private keys ? Big deals being made out of the spotlight ? Wouldn't be easier just sign a message, like everyone does? Maybe someone is just changing their backup addresses because they think that the previous one might not be so safe |
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BCEmporium
Legendary
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Activity: 1218
Merit: 1000
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January 19, 2016, 12:30:46 AM |
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This sort of behavior is more usual on people that didn't get yet how bitcoin works and think that by moving the same coins from address to address "washes" them up..
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