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Author Topic: Do people really make millions of $ transactions?  (Read 2280 times)
Jeremycoin
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October 19, 2016, 05:11:40 PM
 #21

http://prnt.sc/cvl4x0

These BTC amounts are equivalent to millions of $. Do people really make such huge BTC transactions? I'm surprised. What could these transactions be for I wonder? These must be really filthy rich people who have millions of $ of BTCs. I personally would be very wary of keeping millions of my money online like this especially knowing that it isn't safe (example: mtgox and bitfinex hacks).

That kind of transaction could be anything, it could be just someone transfering their own Bitcoin to a new wallet they just made. And it also could be just a very rich people who already have a bunch of Bitcoin spending their money to buy something they want with Bitcoin. You can't expect it always from an exchanger, because it could be from anywhere.

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btccashacc
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October 19, 2016, 05:24:15 PM
 #22

http://prnt.sc/cvl4x0

These BTC amounts are equivalent to millions of $. Do people really make such huge BTC transactions? I'm surprised. What could these transactions be for I wonder? These must be really filthy rich people who have millions of $ of BTCs. I personally would be very wary of keeping millions of my money online like this especially knowing that it isn't safe (example: mtgox and bitfinex hacks).
That's why i like bitcoin, you can send millions of dollar with low fee and simply, imagine if you send them through wire or western union they will cost you much, anyway i am not surprised there are lot of transaction out there with high volume of bitcoin, yeah it might be from exchanger, mining company, or from a person.

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October 19, 2016, 05:30:27 PM
 #23

http://prnt.sc/cvl4x0

These BTC amounts are equivalent to millions of $. Do people really make such huge BTC transactions? I'm surprised. What could these transactions be for I wonder? These must be really filthy rich people who have millions of $ of BTCs. I personally would be very wary of keeping millions of my money online like this especially knowing that it isn't safe (example: mtgox and bitfinex hacks).

you obviously have not got a clue how bitcoin works then because the money is not kept online, and the websites you quote were hacked and the private keys stolen.  Bitcoin has never been hacked and never will be, it is secured by pure math  Grin
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October 19, 2016, 05:32:55 PM
 #24

well its a tough question to answer ..but it would be really safe if u use bitcoins in ur transcations . and I guess in the near future everything will be in the form of bitcoins ..kudos..

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October 19, 2016, 05:33:35 PM
 #25

http://prnt.sc/cvl4x0

These BTC amounts are equivalent to millions of $. Do people really make such huge BTC transactions? I'm surprised. What could these transactions be for I wonder? These must be really filthy rich people who have millions of $ of BTCs. I personally would be very wary of keeping millions of my money online like this especially knowing that it isn't safe (example: mtgox and bitfinex hacks).

Ofcourse they are done but not fake, you can always see such huge transactions in blockchain and there is nothing to be surprised about that as there are a lot of companies or exchanges or gambling sites which are generating or transferring such big amounts every time and some people do that too if they are sending some money from a place to another to save the fees.
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October 19, 2016, 05:41:20 PM
 #26

yes i have also seen many users with a lot of.bitcoins like i have seen a pal having 80btc but never saw anyone with 5000btc those type of transactions are more likly someone moving his exchange bapance from one place to another

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October 19, 2016, 06:00:45 PM
 #27

http://prnt.sc/cvl4x0

These BTC amounts are equivalent to millions of $. Do people really make such huge BTC transactions? I'm surprised. What could these transactions be for I wonder? These must be really filthy rich people who have millions of $ of BTCs. I personally would be very wary of keeping millions of my money online like this especially knowing that it isn't safe (example: mtgox and bitfinex hacks).

People transact millions of dollars in single transactions all the time. There are a lot of whales out there. There was a 6 million dollar transaction the other day of about 10000 BTC (not sure if that is the one on your link, I never open links on this forum).

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October 19, 2016, 06:39:32 PM
 #28

If you just look into blockchain for 5-10 minutes you will be shocked, as well check the poloniex volume, those is just a part of the ammount being into circulation all days, bitcoin its alive unlike some people think its dead because price looks stable.

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October 26, 2016, 06:17:01 PM
 #29

Well yes . Filthy rich people and early miners habe made millions of $ worth of transactions loads of times just check the chain. I once was paid by a wallet that contained a few thousand bitcoins !! Can you believe it !?

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October 26, 2016, 06:37:33 PM
 #30

Obviously when there is more then million of bitcoin user so when each person transact 1$ then we still have million $ transaction per day lets assume that not all user send and receive bitcoin daily but  majority of the user transact from $10 to $400 normally so you could make a rough calculation to figure out the number.
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October 26, 2016, 07:30:45 PM
 #31

Yes check transaction in blockchain. There is multiple million$ transaction in a day. Just imaging that there is millions of bitcoin user and if they transact $10 to $1000 them obviously there will huge transaction per day.
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October 26, 2016, 09:55:49 PM
 #32

Those are good news, you know. Reading this board, you sometimes have the feeling a majority of users are faucets users, with many posts only written to cash some signature campaign. It's good to know there are BTC users who don't need that. BTC would not be what it is if there were only people getting it via faucets.
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October 26, 2016, 11:48:25 PM
 #33

Faucets are just an option to earn bitcoins as well signatures, nothing new, and sure its amazing to see big transactions happening at blockchain, those make me feel important even with a small number of coins.


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jerowacik
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October 27, 2016, 12:02:10 AM
 #34

It could happen. because sending money via bitcoin has no limitations. we are free to do anything.
can be individual or a company. because bitcoin is anonymous.

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October 27, 2016, 12:17:58 AM
 #35

I'm sure there are a few people with millions in bitcoin and will move it to different addresses. There's no way to know if they are making transactions or just moving the bitcoins.
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October 27, 2016, 12:40:41 AM
 #36

I'm sure there are a few people with millions in bitcoin and will move it to different addresses. There's no way to know if they are making transactions or just moving the bitcoins.

Yeah I know that too and I believe it that there are a very few people who are making millions of dollars value in bitcoin. But of course, they are not exposing their transactions maybe they are using a lot of addresses when transacting so that the sight of breachers or hackers are not going to get interested to their transactions.

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October 27, 2016, 02:57:47 AM
 #37

I think there is high possibilities where people do big transaction using bitcoin,but it's difficult track and i think for the future there will be more people using bitcoin for big transaction because with bitcoin there won't be any party questioned where we got the money and there is no limit in sending bitcoin

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October 27, 2016, 04:41:40 AM
 #38

I think there is high possibilities where people do big transaction using bitcoin,but it's difficult track and i think for the future there will be more people using bitcoin for big transaction because with bitcoin there won't be any party questioned where we got the money and there is no limit in sending bitcoin

There would  be  more  big transactions would really happen   on bitcoin   as  you mentioned   this transactions are p2p  and  no  third parties  would be  involved  and people would  surely  love  this  kind  of transaction . Its  not  really a shocking news already because   we could able to see transactions  on  blockchain  and   you would  surely see  huge   bitcoin transfer to another wallet.

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October 27, 2016, 04:53:23 AM
 #39

http://prnt.sc/cvl4x0

These BTC amounts are equivalent to millions of $. Do people really make such huge BTC transactions? I'm surprised. What could these transactions be for I wonder? These must be really filthy rich people who have millions of $ of BTCs. I personally would be very wary of keeping millions of my money online like this especially knowing that it isn't safe (example: mtgox and bitfinex hacks).
Of course it is really happening and usualy they save the bitcoins not on exchangers, but they put the bitcoins on offline wallets or online wallet. It is more safe than put the bitcoins on markets, although still there are risk.
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October 27, 2016, 07:11:03 AM
 #40

Just check the 24 hours volume: $103,378,000
it's a lot of money, sometimes I take a look on blockchain.info to see the transactions, there's a lof of "big" ones...

This BIG transactions you printed is probably exchanges, casinos and things like that, the security thing scares me too, it's a lot of money...
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