Mt Gox wall of withdrawals

[relative]

http://bitcoinmonitor.com/

guess what happened shortly after 16:00

what's up with the regular transactions of 46k bitcoins btw?

[dinzy]

I am assuming that they are the Gox BTC being brought back in slowly

[mjsbuddha]

FLY YOU FOOLS!

[Tasty Champa]

what's up with the regular transactions of 46k bitcoins btw?

If that is MtGox, that is smart.

[MaGNeT]

Wow. Look at block 133233:

http://blockexplorer.com/block/0000000000000464742a8d6147c4ef3a0d41658f643d624555a1cfa9c80aa0f3

Transactions?: 146
Total BTC?: 2420579.8421275
Size?: 67.463 kilobytes

WOW 

[Tx2000]

Sell sell sell!

[relative]

total amount doesnt mean anything. if I make 5 transfers from an address that contains 100k total amount is 500k, even though I might have "spent" only 5 BTC.

if you look at it more closely it probably means they payed out about 2000 BTC in that block - from that address.

[Gabi]

3 transfers of 45000 bitcoins each just appeared in bitcoin monitor

[BCEmporium]

ABANDON YOUR POSTS!!! FLEEEEE!!!!

http://www.youtube.com/watch?v=sbBW-DMJFGw&feature=youtu.be

[relative]

3 transfers of 45000 bitcoins each just appeared in bitcoin monitor

3 people got their 50 BTC each out of the same 45k pot.
move the mouse courser over the transaction on bitcoin monitor.

[andes]

In Bitcoin monitor, why does a +/- 45k transaction show up recurrently in the last minutes? Anyone has a clue?

[FlipPro]

This is all madness  .

[spruce]

Sell sell sell!

Sell what?

Everybody just withdrew all their Bitcoins. All that is left in the exchange is Dollars...

Per Bitcoinmonitor, at 15:30 UTC (80 minutes ago) the "big wallet" showed a balance of 49,900 BTC.

It's been taking consistent hits since then, so I assume it belongs to MtGox. Just now, 16:50 UTC, it showed as 44,386.

I assume from the round figure of 50,000 BTC start (nearly) this is not their entire stock of BTC.

[spruce]

duplicate post

[Justsomeforumuser]

Looks like someone has put up 50k BTC and continuously juggled them around until around 5k were sold and is still pushing them through the system..

But, why? Why not just keep say 5x10k in the 5 biggest exchanges and slowly melt them down if you're cashing out?

Why do they keep showing up as smaller and smaller chunk? Like a BTC iceberg..

Are those blue bubble transactions between BTC clients / wallets or between exchanges and users?

[fitty]

Sell sell sell!

Sell what?

Everybody just withdrew all their Bitcoins. All that is left in the exchange is Dollars...

Per Bitcoinmonitor, at 15:30 UTC (80 minutes ago) the "big wallet" showed a balance of 49,900 BTC.

It's been taking consistent hits since then, so I assume it belongs to MtGox. Just now, 16:50 UTC, it showed as 44,386.

I assume from the round figure of 50,000 BTC start (nearly) this is not their entire stock of BTC.

Agreed. It looks like MtGox is paying out of that 50k wallet.

[spruce]

Sell sell sell!

Sell what?

Everybody just withdrew all their Bitcoins. All that is left in the exchange is Dollars...

Per Bitcoinmonitor, at 15:30 UTC (80 minutes ago) the "big wallet" showed a balance of 49,900 BTC.

It's been taking consistent hits since then, so I assume it belongs to MtGox. Just now, 16:50 UTC, it showed as 44,386.

I assume from the round figure of 50,000 BTC start (nearly) this is not their entire stock of BTC.

Agreed. It looks like MtGox is paying out of that 50k wallet.

But I just checked my own small withdrawal from Mt Gox and it came from three even smaller accounts, not one.

Can anyone explain?

[Bazil]

Well clearly these big transactions are MtGox related somehow

[andes]

I heard someone say that 80% of BTC did not circulate.

If that recent block had 2.5 million btc in transactions, does that mean that app. 40% of btc where moved, or no?

[BCEmporium]

I heard someone say that 80% of BTC did not circulate.

If that recent block had 2.5 million btc in transactions, does that mean that app. 40% of btc where moved, or no?

Assuming those btc aren't the same, being transacted over and over, and that has something to do with MtGox...