An Article Claims BIG Investors Now Buy the Bulk of BTC

[Shiroslullaby]

The question is, how are big investors moving a lot of coins without it showing up?
Do you think someone is passing over the keys to accounts so they can move the coins without it showing up in a transaction?

If whales were moving a lot of coins, what methods would they use? Because it would be against their interests for people to see them moving so much BTC publicly.
(Sure you could divide the coins between addresses, but if you moved 10,000 coins, for instance, would you really do 1,000 transactions for 10 coins each to hide your move?)

Okay nevermind I'm watching the transactions in realtime and you can clearly see transactions of 200, 300 or more BTC at a time.
https://blockchain.info/tx-index/163606750
Heres a huge transfer

[1714669251]

1714669251

[European Central Bank]

The question is, how are big investors moving a lot of coins without it showing up?
Do you think someone is passing over the keys to accounts so they can move the coins without it showing up in a transaction?

you'd have to be a very dumb whale to pay up and accept a paper wallet with the original private keys on and tuck it away.

at the same time xapo operates a super secure vault type thing that supposedly alot of big shots store their coins on. perhaps they transfer ownership without them moving. maybe they never know what the private keys are. seems unlikely but possible.

Don't trust that VC investors know what they're doing. Somewhere between 75-90% of all VC investments fail. 48 billion VC dollars were lost between 2011 and 2015. I think most of them have more money than brains.

does buying btc directly qualify as venture capital? seems more like long term speculation to me. and i agree with you. vc seems to be shorthand for throwing away as much money as possible in the least time.

[Sniper44]

That would make them the dumbest investors that ever lived. Bitcoin has no intrinsic value like gold does. It's not used in manufacturing anything. If they are the major force behind the economy and they aren't spending them but only hoarding them then their is no economy.

That means they are investing in a money without government backing, with no economy, with no intrinsic value, with almost zero velocity, with bad media attention suppressing widespread use, where financial crimes are the norm in business, where good businesses are dark web based and sell illegal items, where the money printing press is run by a constantly changing and unorganized clusterfuck of leaderless bafoons (devs) and they are buying up all the potential for the money to start being used.

Yeah, that sounds legit. The only good news in this is the Winkledouches will lose all the money Mark Zuckerberg worked so hard to accrue. The most difficult thing the Winkledouches ever did was hire an attorney.

all of these are true but that doesn't make bitcoin a bad investment.

also you have to admit that all of what you said was true, even more true back in 2011 too, back when price was below $1
it was once again true on April 9, 2013
then again we can see how true they are one more time in November 2013 and continued being true until the end of the year.
and this doesn't end there either,
again it was true at the beginning of October 2015
and the most recent one is the June 2016 that all you said became true.

and yeah sure big investors, like giants named WinkleWhatever are losing money at all these times in the history

[QuestionAuthority]

That would make them the dumbest investors that ever lived. Bitcoin has no intrinsic value like gold does. It's not used in manufacturing anything. If they are the major force behind the economy and they aren't spending them but only hoarding them then their is no economy.

That means they are investing in a money without government backing, with no economy, with no intrinsic value, with almost zero velocity, with bad media attention suppressing widespread use, where financial crimes are the norm in business, where good businesses are dark web based and sell illegal items, where the money printing press is run by a constantly changing and unorganized clusterfuck of leaderless bafoons (devs) and they are buying up all the potential for the money to start being used.

Yeah, that sounds legit. The only good news in this is the Winkledouches will lose all the money Mark Zuckerberg worked so hard to accrue. The most difficult thing the Winkledouches ever did was hire an attorney.

all of these are true but that doesn't make bitcoin a bad investment.

also you have to admit that all of what you said was true, even more true back in 2011 too, back when price was below $1
it was once again true on April 9, 2013
then again we can see how true they are one more time in November 2013 and continued being true until the end of the year.
and this doesn't end there either,
again it was true at the beginning of October 2015
and the most recent one is the June 2016 that all you said became true.

and yeah sure big investors, like giants named WinkleWhatever are losing money at all these times in the history

Nothing is a bad investment as long as you know when to get out. When is that exactly?

[Sniper44]

That would make them the dumbest investors that ever lived. Bitcoin has no intrinsic value like gold does. It's not used in manufacturing anything. If they are the major force behind the economy and they aren't spending them but only hoarding them then their is no economy.

That means they are investing in a money without government backing, with no economy, with no intrinsic value, with almost zero velocity, with bad media attention suppressing widespread use, where financial crimes are the norm in business, where good businesses are dark web based and sell illegal items, where the money printing press is run by a constantly changing and unorganized clusterfuck of leaderless bafoons (devs) and they are buying up all the potential for the money to start being used.

Yeah, that sounds legit. The only good news in this is the Winkledouches will lose all the money Mark Zuckerberg worked so hard to accrue. The most difficult thing the Winkledouches ever did was hire an attorney.

all of these are true but that doesn't make bitcoin a bad investment.

also you have to admit that all of what you said was true, even more true back in 2011 too, back when price was below $1
it was once again true on April 9, 2013
then again we can see how true they are one more time in November 2013 and continued being true until the end of the year.
and this doesn't end there either,
again it was true at the beginning of October 2015
and the most recent one is the June 2016 that all you said became true.

and yeah sure big investors, like giants named WinkleWhatever are losing money at all these times in the history

Nothing is a bad investment as long as you know when to get out. When is that exactly?

i am not claiming to be a good speculator, or even A speculator that you are asking me this.
this topic is about big investors buying bitcoin now and with all the negative things you said about bitcoin i just wanted to add that bitcoin has been super profitable over the years and those big investors know something that they are investing.

[barbara44]

They probably do to be honest, chances are they see some value with it and or they know that there's a lot of money to be made off of it in the future, because there is no way they would be doing anything otherwise with that money. The richest people in the world buy things for a reason, and if these people are buying a lot of Bitcoin they have a very good reason for it.

Not all rich people buy things for a 'very good reason'. To the majority of them, it's only about profits. There's only a rare percentage of rich people that invest in a certain thing for a noble reason.

[OROBTC]

The twins maybe a real gamblers to gamble and put to risk million or I should I say their billions of investment. If in case the price will go down they will get a heart attack

their average buy in is $10 or less. they're gonna have quite a wait before they get twin heart attacks.

i'll bet there is alot of trading going on behind closed doors. there was the tweet from the bitfury guy a few weeks ago turning down a family office looking for 25,000 btc.

as for the price suppression thing, surely new waves of whales arrive all the time. does this mean the bitcoin price is going to be suppressed until every whale in the whole world has what they want? that's several decades of suppression.

by that point everyone else will have migrated to coins with some actual action leaving all the whales with worthless tokens.

ECB

Your comments are interesting.  I suppose that many (I don't know about most) BIG investors did buy in at much lower prices.  I might not have!  BTC was a tiny, little known speculation back then when I first heard about it.  I doubt I would have put much into unproven BTC.

Also of interest is the Bitfury guy declining to sell a BIG amount to a family office.  I missed that item.  Family Offices often have HUGE amounts of money (as did the one you mentioned).  I only know of one, but they are not that wealthy, they might pony up $2,000,000 or so for BTC, I doubt any larger amount.

*   *   *

It would indeed be of great interest to learn more about the almost surely opaque world of LARGE PURCHASES of BTC (great illustration Shiroslullaby).

What say you all re such large purchases?  Would many of them (OTC) be done via the mining pools?  Do any of the very early wallets with HUGE balances sell much?

So interesting...  

[davis196]

...

Author Chris Vermeulen (a gold guy, but, hey I am too) writes that China and big investors (the Winkelvoss twins have not gone away) represent the bulk of new BTC purchases.

http://www.24hgold.com/english/news-gold-silver-large-investors-become-major-buyers-of-bitcoin.aspx?article=8762349738H11690&redirect=false&contributor=Chris+Vermeulen

I guess that maybe some big sharks manipulate the bitcoin price to gain profit.

This isn`t a surprise for me.

Unfortunately the bitcoin community is still small and not growing fast.

[QuestionAuthority]

The question is, how are big investors moving a lot of coins without it showing up?
Do you think someone is passing over the keys to accounts so they can move the coins without it showing up in a transaction?

you'd have to be a very dumb whale to pay up and accept a paper wallet with the original private keys on and tuck it away.

at the same time xapo operates a super secure vault type thing that supposedly alot of big shots store their coins on. perhaps they transfer ownership without them moving. maybe they never know what the private keys are. seems unlikely but possible.

Don't trust that VC investors know what they're doing. Somewhere between 75-90% of all VC investments fail. 48 billion VC dollars were lost between 2011 and 2015. I think most of them have more money than brains.

does buying btc directly qualify as venture capital? seems more like long term speculation to me. and i agree with you. vc seems to be shorthand for throwing away as much money as possible in the least time.

Buying large amounts of btc is just a part of their plan. Take the winklecunts for example, they bought up as much coin as they could while investing in Bitinstant (which failed) and some stupid Bitcoin IPO (which also failed).

[European Central Bank]

ECB

Your comments are interesting.  I suppose that many (I don't know about most) BIG investors did buy in at much lower prices.  I might not have!  BTC was a tiny, little known speculation back then when I first heard about it.  I doubt I would have put much into unproven BTC.

Also of interest is the Bitfury guy declining to sell a BIG amount to a family office.  I missed that item.  Family Offices often have HUGE amounts of money (as did the one you mentioned).  I only know of one, but they are not that wealthy, they might pony up $2,000,000 or so for BTC, I doubt any larger amount.

*   *   *

It would indeed be of great interest to learn more about the almost surely opaque world of LARGE PURCHASES of BTC (great illustration Shiroslullaby).

What say you all re such large purchases?  Would many of them (OTC) be done via the mining pools?  Do any of the very early wallets with HUGE balances sell much?

So interesting...  

what really, really intrigues me is when is the greater fool theory left behind for good and does it still apply to bitcoin? if i was a super rich person i dunno how i'd feel giving some techno geek asshole a 500x return. i guess they must believe there's a whole world of upside left.

the mining pools have such insane overheads that they'd be crazy to be dealing with exchanges. otc stuff must be happening through them.

[Kprawn]

If I was a gold bug, I would also be interested in investing some of that capital into something that resembles the digital version of gold. In these turmoil economic times, you need a method to move

your wealth, without the restrictions of borders. Most of the other commodities and stock exchanges can be shut down in an instant, if the governments and the bankers gets their way. Bitcoin allows

for capital flight and the flexibility to do this, without the restrictions placed on them by current centralized systems. 

[QuestionAuthority]

If I was a gold bug, I would also be interested in investing some of that capital into something that resembles the digital version of gold. In these turmoil economic times, you need a method to move

your wealth, without the restrictions of borders. Most of the other commodities and stock exchanges can be shut down in an instant, if the governments and the bankers gets their way. Bitcoin allows

for capital flight and the flexibility to do this, without the restrictions placed on them by current centralized systems. 

One small high altitude emp burst could take out all of the electronic devices in Europe at once. Governments will dissipate into dust overnight. Gold will be all that's left.

[European Central Bank]

One small high altitude emp burst could take out all of the electronic devices in Europe at once. Governments will dissipate into dust overnight. Gold will be all that's left.

you can't eat, fire or inject gold. gold's just as much an abstraction as everything else is in the modern world if it turns to dust. i wouldn't take gold for a pile of toilet paper, antibiotics and bullets.