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MoonIsBlue (OP)
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September 15, 2017, 02:52:53 PM
Last edit: September 15, 2017, 08:56:47 PM by MoonIsBlue |
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So this guy bought an extra 12.36k bitcoins with a wallet value of already over 454 million USD. He knows whatsup! Thought you all would like to see this (eyecandy?) UPDATE: Some bitcoin users notified me that this is the Bittrex cold store wallet (collective of bitcoins hold by exchange users) So it is not a single person! |
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BillyBobZorton
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Activity: 1204
Merit: 1028
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September 15, 2017, 02:57:31 PM |
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So this guy bought an extra 12.36k bitcoins with a wallet value of already over 454 million USD. He knows whatsup! Thought you all would like to see this (eyecandy?) Whales are so happy right now to get massive amounts of bitcoin at a discount. Someone that is already rich understands what game theory is, and understand China banning Bitcoin is actually extremely bullish, because the very second it starts recovering it shows that Bitcoin is capable of generating tremendous bullish power without chinese exchanges participating, and you are seeing it happening right now. I mean look at the massive green candle that's forming of almost $1000+ up in a span of less than 4 hours, and it is happening without the Chinese. Anyone with a few brain cells can see that exchanges are irrelevant. Rich people use over the counter solutions if you ban exchanges anyway. You can't stop Bitcoin, there's no way to stop it, people that want to buy will always find a way. |
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Aveatrex
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September 15, 2017, 03:02:06 PM |
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So this guy bought an extra 12.36k bitcoins with a wallet value of already over 454 million USD. He knows whatsup! Thought you all would like to see this (eyecandy?) This doesn't surprise me at all.I already see bitcoin skyrocketing again in the next few days.If I had that money I would definitely buy bitcoin at that time since the rule is pretty much clear;Buy when people panic sell and sell when people buy. Although I don't know how China bitcoin case will end.We might see a new dip end of september. |
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Variogam
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September 15, 2017, 03:02:23 PM |
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Its Bitfinex cold wallet. So basically people selling Bitcoins in exchange for Tether (tUSD). Good luck for them.
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MoonIsBlue (OP)
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September 15, 2017, 03:03:13 PM |
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Thank god that guy ain't in China. Lordy help him if he is.
He's got them on a cold storage anyways, there's nothing that can happen. Less he has no cash which means he wouldn't be able to get out of the country to acces them xD |
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stupid_seb
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September 15, 2017, 03:07:49 PM |
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Its Bitfinex cold wallet. So basically people selling Bitcoins in exchange for Tether (tUSD). Good luck for them.
Yes!! But people think it's a huge whale... hahaha It's written on it guys!! |
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CryptoBry
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September 15, 2017, 03:11:55 PM |
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There are now many buyers for Bitcoin since the dip have already bottomed as of the moment. What can happen in the next few days will affect Bitcoin and if there would be no more good news then there can some spikes. We are all hoping that Bitcoin can be back for good...bullish and always looking ahead into the future.
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Aamir1
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September 15, 2017, 03:15:04 PM |
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So this guy bought an extra 12.36k bitcoins with a wallet value of already over 454 million USD. He knows whatsup!
Which guy?  Look at the image and see whats written under the wallet address. "wallet: Bitfinex cold-wallet". Didn't you read everything before sharing it here? Sure, you didn't, or you would surely have realized that it is not a "guy" with all those bitcoins but an exchange having all the coins of traders trading in it all the time. |
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Johj
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September 15, 2017, 03:34:28 PM |
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Wow, that's a really good indicator of the longterm optimism on Bitcoin. Wonder how many actual BTC have been lost since it's start.
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madtek
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September 15, 2017, 04:27:34 PM |
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haha I must admin I got convinced, thanks for the clarification gents! false alarm  |
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rext
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September 15, 2017, 04:31:54 PM |
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Horrible, I have never even seen such a large sum. He is a really rich guy. I never thought that anyone would want to invest a dreadful amount of money and bitcoin even though it is the most powerful virtual currency.
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Dhaaaw
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September 15, 2017, 04:34:34 PM |
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This guy is the embodiment of the word INVEST. That's a smart move that everybody should have done, but instead all they did was bitch around and not get anything done, when bitcoin is down it doesnt mean it's time to sell cause it's dying, it means it's time to invest cause it will most certainly make you rich when it goes up again.
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Xavofat
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September 15, 2017, 04:46:45 PM
Last edit: September 15, 2017, 05:13:45 PM by Xavofat |
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Wow, that's a really good indicator of the longterm optimism on Bitcoin.
So people sending Bitcoin to Bitfinex is a sign of optimism? Surely sending fiat to Bitfinex is a sign of optimism because it implies that they're going to convert fiat to crypto. Sending Bitcoin to Bitfinex is a sign of pessimism because it implies that they're going to convert Bitcoin to fiat.
Basically, this is a very bearish sign (a very significant increase in the amount of coins that Bitfinex is holding for their customers) which you and the OP are both incorrectly interpreting as a bullish sign. Anyone with a few brain cells can see that exchanges are irrelevant.
So you've never used an exchange to buy or sell crypto? Other people sure as hell have. |
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Irvinn
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September 15, 2017, 04:47:12 PM |
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Definitely a good purchase of more than 128,000 bitcoins. This guy probably knows that bitcoin will rise in price in the near future and he will earn not one million dollars on this transaction. Well, in some way he now supported bitcoin. Good luck to him.
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ahmedjamal1998
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September 15, 2017, 04:47:49 PM |
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This guy is the embodiment of the word INVEST. That's a smart move that everybody should have done, but instead all they did was bitch around and not get anything done, when bitcoin is down it doesnt mean it's time to sell cause it's dying, it means it's time to invest cause it will most certainly make you rich when it goes up again.
Well if I had the money to buy 12.36k bitcoins I'd surely do lol. Anyway the OP seems to have no idea what he just posted. It's written wide and clear. Bitfinex cold wallet. So it's either people selling (which is idiotic) or bitfinex owners themselves investing more into btc (buying off their platform or something). Guys have to learn to never sell when they see "red". Have some patience until you sell at the price you want. |
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RodeoX
Legendary
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Activity: 3066
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The revolution will be monetized!
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September 15, 2017, 04:53:33 PM |
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I hope the haters understand that they had a chance to buy during the crash. My guess is they will be upset that a few of us bought up their panic sells and will make insane profits when the dust settles.
If you want to be profitable there are lots of stratigies. IMO, the best one for bitcoin is to run counter-market. That means buying when the charts are all red and selling when they are all green.
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lecongnhan123
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September 15, 2017, 04:56:34 PM |
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We just need 10 men can repeat it again, the world cryptocurrency vary a lot. That was the message sent to China, China can't control the price of BTC.
I hope the same thing will happen like this a few more times
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Mometaskers
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September 15, 2017, 08:52:53 PM |
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Whales are so happy right now to get massive amounts of bitcoin at a discount. Someone that is already rich understands what game theory is, and understand China banning Bitcoin is actually extremely bullish, because the very second it starts recovering it shows that Bitcoin is capable of generating tremendous bullish power without chinese exchanges participating, and you are seeing it happening right now. I mean look at the massive green candle that's forming of almost $1000+ up in a span of less than 4 hours, and it is happening without the Chinese.
Anyone with a few brain cells can see that exchanges are irrelevant. Rich people use over the counter solutions if you ban exchanges anyway. You can't stop Bitcoin, there's no way to stop it, people that want to buy will always find a way.
This is why it's always best to be rich to begin with, hehehe. You think China would go through and ban bitcoins? they already banned ICOs. If they also close the exchanges and mines then it's over for the Chinese that invested in it. But then again, you are right with you last statement. It would continue as long as there are those who believe in it. If exchanges disappear, then they'll probably just transact some other way. |
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MoonIsBlue (OP)
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September 15, 2017, 08:55:18 PM |
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So this guy bought an extra 12.36k bitcoins with a wallet value of already over 454 million USD. He knows whatsup!
Which guy? Look at the image and see whats written under the wallet address. "wallet: Bitfinex cold-wallet". Didn't you read everything before sharing it here? Sure, you didn't, or you would surely have realized that it is not a "guy" with all those bitcoins but an exchange having all the coins of traders trading in it all the time. Hm well thanks for the feedback, I'll edit the post a bit to not mislead anyone. Learn something everyday. |
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buwaytress
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Join the world-leading crypto sportsbook NOW!
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September 15, 2017, 09:17:39 PM |
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Phew. Wish I could get my own hands on Tether now selling at this price. This climb back was definitely on the cards, just didn't think it would happen so soon and so drastically. It'll of course not hold, and of course that let down will also be temporarily, hence my wish to have gotten some USDT. From the rather muted response on this forum and other channels, I'm guessing a lot of you silent holders managed to top-up your holdings today. We're all smug now, aren't we?
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