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Author Topic: Anonymous trader buys $400 million in bitcoin  (Read 508 times)
alyssa85
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February 17, 2018, 02:12:08 PM
 #1

https://www.marketwatch.com/story/anonymous-trader-buys-400-million-of-bitcoin-2018-02-16

Quote
Go big or go home. That’s the motto of one mysterious investor who put his chips on the table, buying close to $400 million of the No.1 digital currency, bitcoin.

The purchase comes as cryptocurrencies are making a comeback after a dreadful start to 2018.

“Not sure who that big buyer was but many have bought this dip and have added since the rebound and additional regulatory clarity in the U.S. and Asia,” Alex Sunnarborg, Founding Partner of Tetras Capital said.

The unknown trader with the bitcoin address 3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64 purchased the coins between Feb. 9 and Feb. 12, taking his bitcoin balance from 55,000 coins to more than 96,000.

It's probably a hedge fund that has invested a small portion of their funds and doesn't understand that you shouldn't keep it all in one address because the blockchain is public and everyone can see what you've done.


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gentlemand
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February 17, 2018, 02:49:41 PM
Merited by alyssa85 (1)
 #2

It's actually Huboi according to this - https://bitcointalk.org/index.php?topic=2966235.msg30473511#msg30473511

I doubt the real pros make such obvious moves. There'll be all types of autists watching wallets.

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February 17, 2018, 02:57:29 PM
 #3

It's actually Huboi according to this - https://bitcointalk.org/index.php?topic=2966235.msg30473511#msg30473511

I doubt the real pros make such obvious moves. There'll be all types of autists watching wallets.

Thanks! I wonder why this story suddenly blew up. Did people not realize it was an exchange wallet?

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February 17, 2018, 03:00:46 PM
 #4

Well there must have been a lot of sales pressure to be able to absorb the purchase. Smiley

I'm starting to plan my Crypto Coin Tree speculation club

Send me a PM if you would be interested in taking part in the initial planning.
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February 17, 2018, 03:01:41 PM
 #5

Thanks! I wonder why this story suddenly blew up. Did people not realize it was an exchange wallet?

Everyone loves some drama and conspiracy. If there isn't any floating around then they may as well fabricate it to keep themselves ticking over. If there isn't a disaster within ten minutes I tend to get rather twitchy myself.

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February 17, 2018, 03:17:42 PM
 #6

It's actually Huboi according to this - https://bitcointalk.org/index.php?topic=2966235.msg30473511#msg30473511

I doubt the real pros make such obvious moves. There'll be all types of autists watching wallets.
Wow, thanks for this information. I really think that this would be a great news to bitcoin and cryptocurrency. And right now, good things are coming. And those bad things, bitcoin is about to forget that. I can say that bitcoin is now recovering.



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sjefdeklerk
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February 17, 2018, 03:31:54 PM
 #7

It's actually Huboi according to this - https://bitcointalk.org/index.php?topic=2966235.msg30473511#msg30473511

I doubt the real pros make such obvious moves. There'll be all types of autists watching wallets.

NO frikking way. I actually saw this guy buying his coins on Bitfinix and made a topic about it when I saw it happening: https://bitcointalk.org/index.php?topic=2864671.0

See my post where I noted he bought over 20.000 BTC in just 24 hours in that thread.

So this 100% sure isn't some 'exchange'. This is someone who actually purchased the coins because I saw it happening. But he did so in an extremely weird manner, not caring about millions of dollars (by only buying bitfinex and not other exchanges who were sometimes $600 lower already effectively giving away millions and millions of dollars). It's of course possible that it's a hedgefund. But it must then be a pretty stupid one. More likely, it seems to me, it's bitfinex with printed tether.
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February 17, 2018, 03:58:51 PM
 #8

https://www.marketwatch.com/story/anonymous-trader-buys-400-million-of-bitcoin-2018-02-16

Quote
Go big or go home. That’s the motto of one mysterious investor who put his chips on the table, buying close to $400 million of the No.1 digital currency, bitcoin.

The purchase comes as cryptocurrencies are making a comeback after a dreadful start to 2018.

“Not sure who that big buyer was but many have bought this dip and have added since the rebound and additional regulatory clarity in the U.S. and Asia,” Alex Sunnarborg, Founding Partner of Tetras Capital said.

The unknown trader with the bitcoin address 3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64 purchased the coins between Feb. 9 and Feb. 12, taking his bitcoin balance from 55,000 coins to more than 96,000.

It's probably a hedge fund that has invested a small portion of their funds and doesn't understand that you shouldn't keep it all in one address because the blockchain is public and everyone can see what you've done.



well this could be the beginning of the info needed to raise the price of bitcoin and it seems there will be better news from this which is likely to trigger a bitcoin price increase, just wait for the time.
jseverson
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February 17, 2018, 04:29:06 PM
 #9

Thanks! I wonder why this story suddenly blew up. Did people not realize it was an exchange wallet?

Well sites earn money from clicks, and saying someone loaded up on $400m worth of Bitcoins is much more attractive than saying some exchange is gathering coins to an address lol.

But yeah, someone buying that much would certainly have caused a sudden spike, and I haven't noticed any the past few days, so I thought something was wrong. This was either a bad journalist who doesn't do much research, or a good one who can mislead readers for their own agenda.

See my post where I noted he bought over 20.000 BTC in just 24 hours in that thread.

So this 100% sure isn't some 'exchange'. This is someone who actually purchased the coins because I saw it happening. But he did so in an extremely weird manner, not caring about millions of dollars (by only buying bitfinex and not other exchanges who were sometimes $600 lower already effectively giving away millions and millions of dollars). It's of course possible that it's a hedgefund. But it must then be a pretty stupid one. More likely, it seems to me, it's bitfinex with printed tether.

The address loaded up on Bitcoins between Feb. 9-12 though, and you posted your observations on Feb. 1,  so maybe you saw a different case? Can't really rule out any market manipulation whenever Tether is involved at this point lol.

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February 17, 2018, 04:34:17 PM
 #10

well this could be the beginning of the info needed to raise the price of bitcoin and it seems there will be better news from this which is likely to trigger a bitcoin price increase, just wait for the time.

So they are just trying to start another massive panic buy. Okay then, let's wait and see how it all plays out. Personally, I think there will a lot of resistance on the way up from those who bought at December highs and didn't sell at January lows, lol. It will take many such buys to move the price beyond $20k. They should have brought the price to $1k first to get rid of bag holders and clear the path to bitcoin Heaven.
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February 17, 2018, 04:35:50 PM
 #11

The address loaded up on Bitcoins between Feb. 9-12 though, and you posted your observations on Feb. 1,  so maybe you saw a different case? Can't really rule out any market manipulation whenever Tether is involved at this point lol.

Obviously what you see in this guys wallet weren't trades. He was moving BTC from other wallets, most likely exchanges, to 1 single private wallet. So it DOES make sense that he bought the BTC shortly before.
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February 17, 2018, 06:43:18 PM
 #12

well this could be the beginning of the info needed to raise the price of bitcoin and it seems there will be better news from this which is likely to trigger a bitcoin price increase, just wait for the time.

So they are just trying to start another massive panic buy. Okay then, let's wait and see how it all plays out. Personally, I think there will a lot of resistance on the way up from those who bought at December highs and didn't sell at January lows, lol. It will take many such buys to move the price beyond $20k. They should have brought the price to $1k first to get rid of bag holders and clear the path to bitcoin Heaven.

https://www.investopedia.com/contributors/54684/

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Read more: Nathan Reiff Bio | Investopedia https://www.investopedia.com/contributors/54684/#ixzz57OLFvkYa
Follow us: Investopedia on Facebook

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Dear Whisteblowers guys,

I know this dude named Nathan who's pumping bitcoin with hopes perhaps of him dumping his holdings. Since the amount in question is well above the U$1M threshold, I'll settle for a monetary award of ONLY 5% plus a Reuben sandwich on marble rye with a spear of Aunt Bee's homemade pickles.

BTW, this whale was too easy to ID for me. That info, too, was submitted. Can't wait to get my Reuben sandwich. Yummy!


Huobi 100% knows who the dude(s) is/are since bitcoins were sent to them from said wallet address.





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February 18, 2018, 04:54:02 AM
 #13

regardless of the walletexplorer.com proof, whenever you purchase large amount of bitcoin you don't receive it in a transaction like this f60bb680d4b11a800fa72597dcd21eb803184f064bcf0bb7fb64c2d55d991c42 with 59 inputs and only 1 output any kind of purchase will always have a change address ie. 2 outputs.
additionally when you purchase from exchanges you can not withdraw 6000BTC at a time!
this behavior can only be coming from an exchange service which is moving funds from a lot of addresses to their multisignature cold storage.

p.s. this is what a whale looks like: https://btc.com/bc1q9sh6544xls87x7skjzyfhkty4wq7z76vn7qzq9

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February 18, 2018, 09:36:46 AM
 #14

A very promising future

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February 18, 2018, 09:41:21 AM
 #15

Yeah probably one of the guys who doesn't know much about bitcoin and buys just for the sake of it and forgets about it. I think he saw how people were going crazy about bitcoin and decided to spend some money on bitcoin and gift his kids that. This is why the society needs new wealthy elites so that they can use their money more wisely.


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February 18, 2018, 09:49:47 AM
 #16

Yeah probably one of the guys who doesn't know much about bitcoin and buys just for the sake of it and forgets about it. ...

Have you actually read the posts above? This is not an actual buy of Bitcoins by a whale,
this is an address of the exchange Huobi that is moving funds from several addresses under
their control (probably to a cold storage wallet with higher security).

No whale would be able to buy that amount of BTC without a ton of slippage either.
400M $ of new capital would increase the BTC price tremendously due to the tiny
float of BTC on most exchanges.
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February 18, 2018, 09:54:02 AM
 #17

"LOOK! Someone bought a lot of bitcoin, so there must be a reason to own bitcoin, please buy bitcoin!"

lul

:
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February 18, 2018, 12:51:49 PM
 #18

What a big amount of money invested on bitcon. If he bought it between Feb 9 and 12 which is 8,000$ plus, he's making millions of dollars already today even if bitcoin falls a bit to 10,000$.

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February 18, 2018, 01:51:24 PM
 #19

this is an address of the exchange Huobi that is moving funds from several addresses under
their control (probably to a cold storage wallet with higher security).

But where's the proof for that? One guy on this forum said "It's Huobi" without any proof at all and then people like you simply started repeating it. Where's the proof?

I saw a guy buying huge amounts of BTC on bitfinex, over 20k in just 1 day in the first week of february. So to me it would make sense if this huge buyer I saw was behind this account. And since he bought the coins in extremely non economic way, I still think it might be Bitfinex themselves with printed tether.
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February 18, 2018, 02:14:47 PM
 #20

this is an address of the exchange Huobi that is moving funds from several addresses under
their control (probably to a cold storage wallet with higher security).

But where's the proof for that? One guy on this forum said "It's Huobi" without any proof at all and then people like you simply started repeating it. Where's the proof?

the link to the "proof" that you repeated twice is already posted above by gentlemand literary in the first reply to this topic. did you bother to look at it?
do you even know what "blockchain analysis" means and what "walletexplorer.com" is doing?

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