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Author Topic: Do people really make millions of $ transactions?  (Read 2285 times)
thejaytiesto
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October 31, 2016, 06:04:33 PM
 #61

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.

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November 04, 2016, 01:38:20 PM
 #62

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).
yes it's right keep money , more than money ussually because money online is susceptible from theft

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November 04, 2016, 01:52:02 PM
 #63

probably more than that because if every udder make 1 transaction per day then obviously limit would cross million. but everyday this much number transaction doesn't take place sometimes more and sometimes less
 but i am damn sure that million transaction per day is normal.
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November 04, 2016, 02:01:57 PM
 #64

I think such transactions worth millions of $ are usually made by the Chinese who like to move the price up and down. May also be whales which do trading elsewhere but from the charts I have seen that China has a lot of volume regarding bitcoin trading. Some saying they are not true but at least to me they look very realistic.

Such transactions of such huge value also happen from the people dealing with each other through Deep web (accessible via TOR browser) so I am not surprised at all.
In the end bitcoin is money so huge value transactions are a normal thing.
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November 04, 2016, 02:55:08 PM
 #65

there really is not much to discuss here, because since bitcoin blockchain is a public thing that anybody can see, you can go to one of the block explorers and start looking at the stats.

there may be some whales moving money around from time to time but if you look at the medium amount of $$ transacted each day for a longer period you can make a good conclusion.

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November 04, 2016, 03:00:29 PM
 #66

Same bitcoin can move several times through different address daily so it is not surprising to see millions dollar worth of bitcoin being transfered in every block. Current 1 mb block can have those amount of bitcoin so yes what amount of bitcoin we are seeing are real amount per block.

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arcanaaerobics
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November 04, 2016, 07:37:38 PM
 #67

I believe that's transactions are from exchanges, casinos, altcoins ICO and things like that.

I really don't think a normal user hold it all in the same wallet and make huge transactions like this, really crazy numbers.
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November 04, 2016, 07:46:53 PM
 #68

Well I transfer some bitcoins every day, not much from 1 mbtc to 0.1 btc. Sometimes more, when I win on gambling I withdraw more then that, there was situations like that one.
And I`m the one, and how many people are here, how many casinos, investment platforms, faucets, exchanges and traders, and million other stuff. I think this is just a beginning, it will be more soon, just people to start to realize what is bitcoin, and how much bitcoin can change economy, in positive way.


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Hettinger
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November 04, 2016, 08:01:36 PM
 #69

probably more than that because if every udder make 1 transaction per day then obviously limit would cross million. but everyday this much number transaction doesn't take place sometimes more and sometimes less
 but i am damn sure that million transaction per day is normal.

Its pretty normal and it will only be more and more by day since the bitcoin is growing a lot and will be worth more and its also getting so popular these days.
Taki
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November 08, 2016, 08:39:07 AM
 #70

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).

Well, I am not surprised. Bitcoin is currency as dollar or euro. So if there is huge transactions in dollars there must be huge transactions in Bitcoins. It's not a secret that there some people huge amount of bitcoin holders, they are businessmen for sure or something like that so they are making investing tradings in cryptocurrency normally.  I doubt that they are holding their bitcoins online. There are USB wallets for example or other kinds of wallets we don't know about.

   
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pereira4
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November 10, 2016, 04:04:27 PM
 #71

Anyone knows what is the biggest transaction ever done? I remember reading about a 500.000 BTC transaction... im not sure tho, I may have slipped a couple more zeroes on there, but something along the lines. Who knows who that person is? It's impossible to know, but I bet it's either a very early miner or a business/exchange address.

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November 10, 2016, 04:10:08 PM
 #72

Even one bitcoin is priced more than $700 right now and one block can include 1mb sized total transactions which can easily contain more than 200,000 bitcoin so it is not surprising to see millions dollar worth of bitcoin being transacting in 10 minute blocks.

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December 03, 2016, 02:04:18 AM
 #73

may be if millions $ not transaction but mining , bitcoin not only as transaction but bitcoin can as source of income , get profit more , and get rich


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