Do people really make millions of $ transactions?

[clickerz]

Huge transactions take place often with bitcoin. In my view most of these transactions were made by users who were rich and to avoid taxation issues move billions through bitcoin addresses as it doesn't reveal identity.

Its possible but they can also be transactions made with illegal activities.They are hiding and using the bitcoin features of anonymity to make those shady transaction.We can only speculate here

[mindrust]

Some of those transactions are belong to big companies. Believe it or not, not everybody on the internet are average Joe's like you (or maybe me) There are also many rich people who adapted bitcoin in early phase. There are also many drug dealers/shady business owners and money launderers who use bitcoin.

[Shady]

Just like with any currency, people purchase with this amount... If not more.

The fact of life is that somebody or a group will create surplus revenue where amounts like this are used in transaction capacity.

There are exchange owners and service providers who deal with this multiple times per time period (Think Xapo after fees or SilkRoad, big companies such as Microsoft or Fiverr who accept it.)

[klopcoin]

Some of those transactions are belong to big companies. Believe it or not, not everybody on the internet are average Joe's like you (or maybe me) There are also many rich people who adapted bitcoin in early phase. There are also many drug dealers/shady business owners and money launderers who use bitcoin.

I believe that there would always be millions of transactions weekly with bitcoins especially in those exchange websites. And they are not just single individuals but big groups that are considered as whales in the economy of bitcoin. Many of them also are occurs in the deep web and other type of dark marketplaces.

Yes I am agree. It already more than one million of $ transaction in bitcoin. The transaction is for good,altcoin and event drug. But I do not like if bitcoin is used for drug. I'd like to use bitcoin to buy good thing although I have to convert it into fiat first.

[noictib]

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 many people makes bulk transaction per day . since you are using the high profile example of mtgox but here i will give example of my friend who is trader . he made transaction daily of about 2+ btc .
so we can say there are many people ( not only bitfinex or mt.gox) who make transactions in big-big amount .

[iam2good]

To make money,you need to have and invest money. The more money you invest the more profit you make.

[jossiel]

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 many people makes bulk transaction per day . since you are using the high profile example of mtgox but here i will give example of my friend who is trader . he made transaction daily of about 2+ btc .
so we can say there are many people ( not only bitfinex or mt.gox) who make transactions in big-big amount .

More and more people in the deep web are transacting worth million of dollars and that is depending everyday with them.

I believe that these people are earning a lot of bitcoins daily that's why millions of dollars in bitcoin are circulating in the market.

And this is good for all of us even though it is hot in the eyes of hackers.

[gandame]

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 many people makes bulk transaction per day . since you are using the high profile example of mtgox but here i will give example of my friend who is trader . he made transaction daily of about 2+ btc .
so we can say there are many people ( not only bitfinex or mt.gox) who make transactions in big-big amount .

Yes many people do big transaction everyday so expect the million transaction of bitcoin. Almost do that is the trader in altcoins different exchanger got million transaction everyday so it very posible that people can make million transaction of usd because many people are big holders of bitcoin.

[ekoice]

Actually miners also transform the huge amounts they get paid for mining. My personal opinion is never store Bitcoins on any exchange since we have already experienced Mt.Gox and Bitfinex.Always store your Bitcoins in your personal wallet.

[triasel]

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 can active features 2AF and confirm number phone to keep your money in wallet..

[groll]

Yes I think it is possible that people make million transactions.  Those were maybe part of the developer of bitcoins or they were pure investors.  Sending btc and receiving btc is more convenient than any money transfer around the world.  And all transactions were private.  It is important that there is confidentiality on it.

[crairezx20]

Actually miners also transform the huge amounts they get paid for mining. My personal opinion is never store Bitcoins on any exchange since we have already experienced Mt.Gox and Bitfinex.Always store your Bitcoins in your personal wallet.

We can not blame them since they are just stay their bitcoin in exchange site because they are ready for buying and or selling if his bitcoin is in main wallet and you send it to exchange it takes  a long time to confirm the fluctuate in trading is not stable so they are just staying it their money.. unless if you are just long tome holders of altcoin..

[tunctioncloud]

That's not the actiion of a sole guy but the addition of thousand of smaller transactions. Yes, rich guy plus rich guy plus rich guy that make very huge amounts.

[Doamader]

The last week we do saw some dealy into the confirmations of transactions, i were able to see 70000 transactions with something around 20bitcoins as fees, even not being huge ammount of transaction, the money into circulation were milions.

[MingLee]

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).

Some people do keep and make massive transactions like that, and it could potentially be a business moving their bitcoin to an exchange, or it could be an individual buying something big using Bitcoin. Which is unlikely, but still possible. I have no idea what they could or would be buying.

[markyminer]

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 many people makes bulk transaction per day . since you are using the high profile example of mtgox but here i will give example of my friend who is trader . he made transaction daily of about 2+ btc .
so we can say there are many people ( not only bitfinex or mt.gox) who make transactions in big-big amount .

Yes many people do big transaction everyday so expect the million transaction of bitcoin. Almost do that is the trader in altcoins different exchanger got million transaction everyday so it very posible that people can make million transaction of usd because many people are big holders of bitcoin.

yes that is a fact that people may be making millions of transaction as people have good amount  of bitcoins and they usually invest their money in alt coins or some where else therefore they  make more transactions.

[pooya87]

since blockchain is a public ledger and there are many tools to analyze it with getting statistics about transactions, number of them and their sizes and many other things; you can easily find the answer to all these questions.
just go to one of these places with charts like blockchain.info and read the charts!

[chixka000]

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).

Those transactions represent bitcoin being moved between two (or more) bitcoin addresses.
They do not represent exchanges (except for deposits from & withdrawals to bitcoin addresses).

Never store your bitcoins within exchanges like MtGox & Bitfinex.
The number one rule of using Bitcoin is that you should be storing your own coins.

All of Bitcoin is online and is safer than the average bank system.
FYI, all your money within the banking system is online and more editable than Bitcoin.

Well said thanks for the info. I myself is really doubtful about the bitcoin security over banking system, i still am doubting it may be editable but i think banking system able to provide a solution for this loophole. And it was i guess the hard copy of transactions

[Xester]

Yes for me it is possible that there were million dollar bitcoin transactions.  They are maybe a founder of gambling sites and investment sites.  Or maybe founder of bitcoin that just wanted to transfer their funds on another bitcoin wallet.  Whatever the reasons it is possible they make million transactions because of the hassle free transaction that bitcoin can give.

[thejaytiesto]

One of the big selling points of bitcoin (selling as in, big reason of why it can be attractive to potential users) is precisely the fact that the network doesn't care if you are moving 10 dollars or 100 million, it's still the same, the size of the transaction doesn't change that much. I think bitcoin has a big appeal to financial whales more than the average guy that wants to buy some coffee.