Do people really make millions of $ transactions?

[JB0011]

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).

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[AgentofCoin]

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.

[shinratensei_]

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 right, the whales is always transacting a lot of the amount of btc.... a million dollar is always filling in exchanges..... and that is a final calculation from the 2493 transaction.....

[Kakmakr]

There might be several reasons why people move huge amounts like this. One of those might be that exchanges or gambling sites are moving money to cold storage. These businesses receive large amounts of bitcoins every day, and it is better for them to move that kind of money to cold storage, to protect it from hackers.

Most bitcoins are stored in cold storage these days, and sometimes people take this stored funds and sweep it online to be paid out when large orders comes in or to pay out larger winnings or for whales to trade. ^smile^

[audaciousbeing]

Even me when I check the statistics on block chain I get to be surprised on how this large amount of Bitcoin moves and try to even convert it and I will be like wow this is a load shit of money but I think what we see is actually not storing but movement of money in thee sense that let's say a gambling site wants to pay big winners and they have to do manual approval at a time. The coins will have to be moved from their own wallet to these  people then we see it. I Dont think they will be careless enough to keep such amount in online wallets than can say "we want to do upgrade and you can't have access to your funds".

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).

[Viyamore]

Yes it's actually happen as the big time investors and big time earners as well as some of them are transacting on different things .most of that i think on some underground transactions .i am not surprise at all to saw that kind of big transactions cause i know anything would be possible as of now .

[mrkevio]

They aren't fake for sure. They do, why would that be impossible? Check out the richest Bitcoin wallets list, you'll be surprised to find out there are Bitcoin millionaires out there too.

[romero121]

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.

[davis196]

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).

I think that using btc is safer than keeping your money in the bank.

Maybe i`m wrong, but the big european banks have big problems right now.

Storing bitcoins in exchange platforms is a bad idea.

[Oilacris]

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).

If you try  to see the recent transfers on  blockchain.info  you would really see even more  amounts  of huge amounts of  bitcoins lets say  200- 700 btc  transfer  which is  really awesome  that these  million of dollars are being transfered  in  online without any hassle.

[Alty]

These ones, although now old are interesting to see / follow.

https://blockchain.info/largest-recent-transactions

[newcoins1978]

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).

I have never heard about it but I do think that it has happened before but you cannot do it without the bank there concern they also have to know about it.
You then will have to sign a whole agreement and stuff to keep it short it is a whole process.

[BitcoinHodler]

... 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).

keep money online? not being safe? what are you talking about.

you do realize that we are talking about "bitcoin" not a third party payment processor wallet thingy like paypal right?

you can keep millions of dollar in bitcoin inside your cold storage and be the safest you can ever be. nobody can hack it from you, nobody can take it from you and nobody can tell you how to use or not use your money.

your examples are also bad because those are third party services and them getting hacked means you should never trust a third party services.

[iqlimasyadiqa]

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.

so true . now many people use bitcoin for such purposes. This should already be dealt with, we need an agency that can regulate bitcoin. because with an institution of the bitcoin could be better.

[~Bitcoin~]

Yes actually this million $ worth of bitcoin in transaction is normal and i think it may be even more than that if block size is not limited to 1mb only by now. Because there are lots of exchanger and whales who have to move several thousands of bitcoin from one account to another account daily whether to process trader's withdraws or traders depositing bitcoin to exchange. It is hard to know for what purpose bitcoin are being transferred but this is true that we may even see more bitcoin being transferred per block in future.

[dothebeats]

If you're watching the transactions from the blockchain then you'll somehow get used to the millions of $ being tossed in different wallets everyday. Also, these are not particularly whales or exchanges; some of them are payouts from mining companies or amounts being moved to cold storage etc. They are accounting for the daily tx volume in terms of $, and also miniscule amounts contribute to that, too. Seeing a couple of thousand btc tx being broadcasted once made me wonder if it's a hacked money or not. Then I realized that there are lots of fat tx being made in the network almost everyday, and it's not my job to care about that and wonder all day lol.

[youhgt2]

yes it can right, i think there are a lot of money with people, and the are making transaction on regular basis and the second is that the number of crypto currency uses is increasing on regular basis that really increasing the amount of transaction.

[bitbunnny]

If those transactions are recorded on blockchain then they are real and existing. But that is not so strange, these are also transactions from different companies, exchangers, payouts from mining etc. But I agree when you see those amounts you could easily get dizzy. 

[Shiroslullaby]

I often wonder if whales who make million dollar transfer of Bitcoins move everything in one transaction,
or if they hide the transfer across multiple transactions to multiple wallets.
They still have to cash out the coins eventually but at least while they are in transit/ storage it would be harder for someone to know exactly how much they are buying/ selling.

[Jeremycoin]

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.