Lets talk address 1JCe8z4jJVNXSjohjM4i9Hh813dLCNx2Sy

[oblox]

The largest single address (1JCe8z4jJVNXSjohjM4i9Hh813dLCNx2Sy) since late last year has recently moved about 57% of the coins to numerous addresses... my first thought given that the movements took place within a 3 hour window on the 8th turning into the 9th of August was that this address belonged to BTC-e... largely due to the news out that they were able to recover 55% of seized funds. But if that were the case and you had control over the master address, why wouldn't you move everything?

Anyone else have thoughts on the recent movement of coins?

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[davis196]

The largest single address (1JCe8z4jJVNXSjohjM4i9Hh813dLCNx2Sy) since late last year has recently moved about 57% of the coins to numerous addresses... my first thought given that the movements took place within a 3 hour window on the 8th turning into the 9th of August was that this address belonged to BTC-e... largely due to the news out that they were able to recover 55% of seized funds. But if that were the case and you had control over the master address, why wouldn't you move everything?

Anyone else have thoughts on the recent movement of coins?

Some big whale is selling his bitcoins and cashing out the profits.
This is the most obvious theory.I thought that BTC-e was closed by the authorities,not hacked.
Anyway,this is a pretty interesting time for bitcoin and bitcoin holders.
The big whales are selling their btc and the price continues to increase.

[btc78]

The largest single address (1JCe8z4jJVNXSjohjM4i9Hh813dLCNx2Sy) since late last year has recently moved about 57% of the coins to numerous addresses... my first thought given that the movements took place within a 3 hour window on the 8th turning into the 9th of August was that this address belonged to BTC-e... largely due to the news out that they were able to recover 55% of seized funds. But if that were the case and you had control over the master address, why wouldn't you move everything?

Anyone else have thoughts on the recent movement of coins?

Some big whale is selling his bitcoins and cashing out the profits.
This is the most obvious theory.I thought that BTC-e was closed by the authorities,not hacked.
Anyway,this is a pretty interesting time for bitcoin and bitcoin holders.
The big whales are selling their btc and the price continues to increase.

BTC-e said that they were able to access 45% of its funds and the 55% has still in the hands of authorities. Or maybe the movement is due to claiming of BCC, that is why it is moving and getting to numerous wallet and maybe the owner doesn't want to have just one big claim of the BCC?

[Kanapka]

The largest single address (1JCe8z4jJVNXSjohjM4i9Hh813dLCNx2Sy) since late last year has recently moved about 57% of the coins to numerous addresses... my first thought given that the movements took place within a 3 hour window on the 8th turning into the 9th of August was that this address belonged to BTC-e... largely due to the news out that they were able to recover 55% of seized funds. But if that were the case and you had control over the master address, why wouldn't you move everything?

Anyone else have thoughts on the recent movement of coins?

Some big whale is selling his bitcoins and cashing out the profits.
This is the most obvious theory.I thought that BTC-e was closed by the authorities,not hacked.
Anyway,this is a pretty interesting time for bitcoin and bitcoin holders.
The big whales are selling their btc and the price continues to increase.

Maybe some big whale isn't totally sure if is a good idea to keep everything in the same address and is just reallocating the coins.

Or he is paranoid for the safety of the private keys

[Pursuer]

The largest single address (1JCe8z4jJVNXSjohjM4i9Hh813dLCNx2Sy) since late last year has recently moved about 57% of the coins to numerous addresses... my first thought given that the movements took place within a 3 hour window on the 8th turning into the 9th of August was that this address belonged to BTC-e... largely due to the news out that they were able to recover 55% of seized funds. But if that were the case and you had control over the master address, why wouldn't you move everything?

Anyone else have thoughts on the recent movement of coins?

Some big whale is selling his bitcoins and cashing out the profits.
This is the most obvious theory.I thought that BTC-e was closed by the authorities,not hacked.
Anyway,this is a pretty interesting time for bitcoin and bitcoin holders.
The big whales are selling their btc and the price continues to increase.

this is awesome if true.
one of the downsides of bitcoin is its distribution, and while that is the best you could hope for but it will always be people who bought bitcoin and are holding it from days of ultra cheap bitcoin like below $100 bitcoin. (this particular address dates back to 2016 though).
and I am always extra happy when I see some whale sells his coins, because those coins are coming into circulation and eventually leads to a much more fair distribution. there is only 21 million coins after all!

p.s. my guess would be a whale moving the coins to a safe place before he imports the old empty private keys into a bitcoin cash wallet to dump the BCC rewards.

[Kakmakr]

I think a lot of people are importing/swiping coins that were in cold storage to extract the Bitcoin Cash after the split. They can make some profits from selling the BCC and also then splitting the hoard into smaller pieces to make it more manageable. You can then "test" with smaller wallets and not risk your whole hoard, when things like this happens again.

Some of the addresses are cold storage for exchanges and gambling operations and big faucets or wallet providers. ^smile^

[krizniq]

about to claim his BCH so moving BTC out ....

[ImHash]

That address has some serious spamming issues there are so many useless and unneeded transactions I think in order to distract any curious cat looking into their history. what is this I'm hearing about authorities having control over the coins? since when any governmental authorities could have access to bitcoins? maybe it's their plan to fool exchanges and pools, because if you say it's the "hacker" then pools might avoid including those TXs in any blocks but if it was the so called "good guys" transferring then it's all fine.

[btcney]

about to claim his BCH so moving BTC out ....

But why would he only move 57% of them? If he wants to secure his wallet before claiming his BCH, then he should have transferred the whole wallet out.

I would suspect that the only reason why omeone would do this if they hold so many coins is that they know this address is safe, aka they are not moving because it is under government seizure or anything of that sort. It is most likely them trying to cash out the bitcoins, either to another whale or on an exchange.

I have no idea why he is doing so many transactions though. Could just make it in one transaction.

I think the dumping theory is most likely, considering the fact that bitcoin price is sky high atm.

[alyssa85]

According to the following comment from January:

https://bitcointalk.org/index.php?topic=1954578.msg19435004#msg19435004

people think the address contains hacked coins from bitfinex. Here is what that comment says:

I am likely wrong, but still it's funny or weird (or whatever else you want to call it) that the first deposit was in August 23th last year, and the last major deposit was in November of last year. Bitfinex announced it was hacked on August 02 of last year, and there were like 120K coins stolen. This address contains 124K coins, and has not seen any major deposit since last year, which might imply that there are no further coins to move in...

I don't know if they are right or not.

[figmentofmyass]

The largest single address (1JCe8z4jJVNXSjohjM4i9Hh813dLCNx2Sy) since late last year has recently moved about 57% of the coins to numerous addresses... my first thought given that the movements took place within a 3 hour window on the 8th turning into the 9th of August was that this address belonged to BTC-e... largely due to the news out that they were able to recover 55% of seized funds. But if that were the case and you had control over the master address, why wouldn't you move everything?

Anyone else have thoughts on the recent movement of coins?

Some big whale is selling his bitcoins and cashing out the profits.
This is the most obvious theory.

any blockchain evidence that coins were sent to exchanges? because it looks to me like they are just being split into different addresses. i'd say it's a whale just re-securing cold storage, or moving coins to recover the BCH.

maybe they're planning to dump the BCH. i'm not even sure what block explorer to use to try and figure out if that's what they're doing. but this is plausible given the timing.

[aeternus]

The largest single address (1JCe8z4jJVNXSjohjM4i9Hh813dLCNx2Sy) since late last year has recently moved about 57% of the coins to numerous addresses... my first thought given that the movements took place within a 3 hour window on the 8th turning into the 9th of August was that this address belonged to BTC-e... largely due to the news out that they were able to recover 55% of seized funds. But if that were the case and you had control over the master address, why wouldn't you move everything?

Anyone else have thoughts on the recent movement of coins?

Some big whale is selling his bitcoins and cashing out the profits.
This is the most obvious theory.

any blockchain evidence that coins were sent to exchanges? because it looks to me like they are just being split into different addresses. i'd say it's a whale just re-securing cold storage, or moving coins to recover the BCH.

maybe they're planning to dump the BCH. i'm not even sure what block explorer to use to try and figure out if that's what they're doing. but this is plausible given the timing.

At this moment anything seems possible but the theory about a whale moving his coins so he can get BCH in return seems the most logical to me due to the timing in which all of this is happening, with so many coin getting your BCH seems like a good idea.

[figmentofmyass]

The largest single address (1JCe8z4jJVNXSjohjM4i9Hh813dLCNx2Sy) since late last year has recently moved about 57% of the coins to numerous addresses... my first thought given that the movements took place within a 3 hour window on the 8th turning into the 9th of August was that this address belonged to BTC-e... largely due to the news out that they were able to recover 55% of seized funds. But if that were the case and you had control over the master address, why wouldn't you move everything?

Anyone else have thoughts on the recent movement of coins?

Some big whale is selling his bitcoins and cashing out the profits.
This is the most obvious theory.

any blockchain evidence that coins were sent to exchanges? because it looks to me like they are just being split into different addresses. i'd say it's a whale just re-securing cold storage, or moving coins to recover the BCH.

maybe they're planning to dump the BCH. i'm not even sure what block explorer to use to try and figure out if that's what they're doing. but this is plausible given the timing.

At this moment anything seems possible but the theory about a whale moving his coins so he can get BCH in return seems the most logical to me due to the timing in which all of this is happening, with so many coin getting your BCH seems like a good idea.

if i were a whale, i'd rather let the BCH sit. it's in the "initial launch volatility" stage of an altcoin price chart, before accumulation has taken place. and moving tens of thousands of BTC around to do it (right after launch) just doesn't seem worth the effort or the risk.

the price has continued its sideways decline, but no significant price movement to support the whale theory. who knows....

[oblox]

Unless all the coins were moved, the claiming BCH makes no sense. Why risk using your private keys to claim BCH when there is still 57k btc sitting at the address?

If these were parsed out to go to the exchanges, how many exchanges actually have the volume deal with 5000+ btc (it doesn't make sense to even regenerate different addresses on one exchange since you're still exposed to exchange risk regardless of new addresses)? Further, usually after you deposit, the exchange sweeps the coins from the address into their cold wallet. When I looked, they weren't swept.

[BitMaxz]

Interesting bitcoin address  never seen a bitcoin wallet that was holding a lots of bitcoin ..  and i think this is a funds where they can control the price of bitcoin..

Unless all the coins were moved, the claiming BCH makes no sense. Why risk using your private keys to claim BCH when there is still 57k btc sitting at the address?

If these were parsed out to go to the exchanges, how many exchanges actually have the volume deal with 5000+ btc (it doesn't make sense to even regenerate different addresses on one exchange since you're still exposed to exchange risk regardless of new addresses)? Further, usually after you deposit, the exchange sweeps the coins from the address into their cold wallet. When I looked, they weren't swept.

You got the point why they are risking their private keys and the address they use just to claim the BCC and i think this is not the real reason why we are seeing a large withdrawal and i think they are just withdrawing the profit if their business and the remaining bitcoin is just for deposit if its a btc-e well they are just use it for buy and sell bitcoin..
Well this is just my thoughts..

[iamTom123]

Interesting bitcoin address  never seen a bitcoin wallet that was holding a lots of bitcoin ..  and i think this is a funds where they can control the price of bitcoin..

Unless all the coins were moved, the claiming BCH makes no sense. Why risk using your private keys to claim BCH when there is still 57k btc sitting at the address?

If these were parsed out to go to the exchanges, how many exchanges actually have the volume deal with 5000+ btc (it doesn't make sense to even regenerate different addresses on one exchange since you're still exposed to exchange risk regardless of new addresses)? Further, usually after you deposit, the exchange sweeps the coins from the address into their cold wallet. When I looked, they weren't swept.

You got the point why they are risking their private keys and the address they use just to claim the BCC and i think this is not the real reason why we are seeing a large withdrawal and i think they are just withdrawing the profit if their business and the remaining bitcoin is just for deposit if its a btc-e well they are just use it for buy and sell bitcoin..
Well this is just my thoughts..

In my own opinion, this is just a normal movement of Bitcoin well the only noticeable is that it is a big bulk of Bitcoin so we are wondering who can this guy be or a group of people (whales as they say)? And what can be the main purpose of such a movement? The only person who can answer all our questions and speculations here is that guy who made the transaction. It is a great wonder that despite such a move, Bitcoin is not really affected and is just continuing its ascend. 

[cpfreeplz]

They're trying to move funds from cold storage so they can sell off that shitcoin known as BCH. We all did it, why not dump your shitty free coins worth nothing for $300 each? Seems like a great deal to me.

[oblox]

They're trying to move funds from cold storage so they can sell off that shitcoin known as BCH. We all did it, why not dump your shitty free coins worth nothing for $300 each? Seems like a great deal to me.

...because you would be a fool to import a private key to BCH with 57k BTC in it... if you were claiming BCH, you would have moved it all out of the address.

[unyil]

Wow it is the number of very large BTC transactions I have ever seen, once a transaction can send 250 BTC. I do not know if it's true BTC-e is being gouged or not. I think there's a limit to withdrawal in a few hours, so maybe that's why he can not directly move everything.

[hello_good_sir]

The largest single address (1JCe8z4jJVNXSjohjM4i9Hh813dLCNx2Sy) since late last year has recently moved about 57% of the coins to numerous addresses... my first thought given that the movements took place within a 3 hour window on the 8th turning into the 9th of August was that this address belonged to BTC-e... largely due to the news out that they were able to recover 55% of seized funds. But if that were the case and you had control over the master address, why wouldn't you move everything?

Anyone else have thoughts on the recent movement of coins?

This seems like a cold storage wallet of some person/company. Usually cold storage wallets are used once, and when the funds are transferred out the remaining funds will be transferred to another cold storage. This is the most secure way of doing it. So this is odd. It's obviously not an old address waking up by any means, first transaction was actually just last year.

Another thing is that, why doesn't he just include all the outputs into one transaction instead of having so many transactions spread out over a period of a day or two?

I think he is slowly depositing money onto exchanges, trying to sell them off whilst the price is high perhaps. After all, he's been holding those coins since $600 or less and has made a great amount of profit off of bitcoin. It could be a dump at once but it's unlikely. I think the dump(if he intends on doing it) is going to be gradual, step by step.