Anonymous trader buys $400 million in bitcoin

[sjefdeklerk]

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?

I must have missed that. Yeah it does look like Huobi action indeed. Several inputs to 1 output per transaction, coming from Huobi sender. This particular account indeed must be Huobi cold wallet. Thanks.

[1714053363]

1714053363

[1714053363]

1714053363

[1714053363]

1714053363

[YuTü.Co.in]

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?

I must have missed that. Yeah it does look like Huobi action indeed. Several inputs to 1 output per transaction, coming from Huobi sender. This particular account indeed must be Huobi cold wallet. Thanks.

I was alluding to the dude in question is using Huobi, thus supposedly traceable.

[Natsuu]

Even if its true or not investing that much will lead you to a never ending wealth. And if im that rich its not far for me to invest that much knowing btc is not yet in the edge of ending soon.

[fabiorem]

JP Morgan is joining TEH KULT. Maybe isn't them?

https://www.zerohedge.com/news/2018-02-11/jpmorgan-publishes-bitcoin-bible

[Wind_FURY]

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.

But who is the person behind it? It must be Jihan Wu finally seeing the light! Hahaha.

Seriously, is it only coincidence that there were big buys from the $6000 "bottom"? It is possible that miners were protecting themselves from unprofitability and monthly loss if Bitcoin falls below some price point, or maybe they believe it was "cheap".

The mind of a miner regarding price, profitability and rising difficulty, https://bitcointalk.org/index.php?topic=2894158.msg29760400#msg29760400

[iv4n]

When price was at top and then started to go down, one of the big whales had some big sales in thousands of bitcoins couple times more then 3000 bitcoins were sent at one exchange, probably its the same person or group fund of more then one person, say it company. They sold o top and they bought again in the dip, we talk about that here everyday, someone did it with big money, that is the difference between us and big players they run the game.
In all that it's normal they wish to be anonymous, they wouldn't be able to do it again, and they will be in the news like some pro players on front page's, people who play games with bitcoin and earn billions from that.

[carlisle1]

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.

theres many of them,i am just wondering what's the motive about this single wallet address purchase,,theres must be a reason why this investor do this action.but whatever it is.the important thing is this helps the market grow again after the huge dip

[YuTü.Co.in]

Nothing like having a bullshit story picked up by other rags, e,g. http://fortune.com/2018/02/19/400-million-bitcoin-anonymous-investor/, eh?

This reminds me of the time when some homeless dude once found a discarded laptop in a dumpster, then tried to sell it for ten bucks to the fist couple he came across, but they being Bitcoiners quickly discovered that the laptop contain mega bitcoins, informing the dude of their finds upon passing on the deal of the century. The homeless dude tried to tip them but the anonymous couple simply said, "Thanks, but no thanks, because that's the way we roll." (paraphrased, but nailed the sentiment)

All the major news outlets picked up the story while I started a thread tearing the event a new asshole cuz ... wait for it ... that's how I roll.  

[Johnzky]

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

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.

ive seen this same thread somewhere i just cant remember but same topic.anyway i am glad about this one,this maybe the reason why the price of bitcoin accelerates and not sitting at $11,000 ..and if this continues we will be witnessing the another breakthrough of this ultimate coin.

[Wind_FURY]

Nothing like having a bullshit story picked up by other rags, e,g. http://fortune.com/2018/02/19/400-million-bitcoin-anonymous-investor/, eh?

This reminds me of the time when some homeless dude once found a discarded laptop in a dumpster, then tried to sell it for ten bucks to the fist couple he came across, but they being Bitcoiners quickly discovered that the laptop contain mega bitcoins, informing the dude of their finds upon passing on the deal of the century. The homeless dude tried to tip them but the anonymous couple simply said, "Thanks, but no thanks, because that's the way we roll." (paraphrased, but nailed the sentiment)

All the major news outlets picked up the story while I started a thread tearing the event a new asshole cuz ... wait for it ... that's how I roll.  

Is that you Gleb Gamow? Hehehe.

You don't believe that someone or some group of whales really bought $400m worth of Bitcoins, maybe thinking it was at a "low" or something? The chart shows big buys from $6000 on 2/6/2018 and it never came back that low ever since.

I believe it was the big Chinese miners trying to protect themselves. Just my guess for what its worth.

[bitcoinstress]

Wow that's huge announcement, seems he know now is a good to time time invest after the price down much from the peak.

[coinplus]

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.

Lol. Obviously, most media would always want to drop a catchy line to draw in traffic. Knowing it is an exchange, no one would bother reading much about the news, but not knowing at all, would leave the readers hanging trying to find out all by themselves who the person in question could be until they find the answer, but at least, the media would have been able to fulfill their own mission in the process. This tether involvement though scares the creep out of me based on what I can gather and what a lot of people have been saying.

[sjefdeklerk]

This thread is hilarious. Nobody reads the 2nd post in this thread which already proofed that it's just an exchange. It's all Huobi orders moving in each transaction tons of wallets into 1 single wallet (their cold wallet).

[LuckyDriller]

yeah, yeah cap...
just let people believe in jewish plot

[sjefdeklerk]

For the idiots here: https://www.walletexplorer.com/wallet/e8fb61953c163500?from_address=3Cbq7aT1tY

Now scroll down that list, look at the big transactions, see who the sender is. Now click on such a big transaction and see how every and each time it's tons of sources addresses moving coins into 1 single address, exactly like an exchange would do when it moves coins into its cold wallet.

[YuTü.Co.in]

For the idiots here: https://www.walletexplorer.com/wallet/e8fb61953c163500?from_address=3Cbq7aT1tY

Now scroll down that list, look at the big transactions, see who the sender is. Now click on such a big transaction and see how every and each time it's tons of sources addresses moving coins into 1 single address, exactly like an exchange would do when it moves coins into its cold wallet.

Dude, you're buckin' for a lawsuit if you're claimin' that Nathan of Investopedia is full of shit, basing his prowess and venerable research on FACTS gleaned from reliable source in penning the tour de force article now picked up by other [financial-based] rags.

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

Nathan Reiff is a writer and musician based in the New York City area. He holds degrees from Yale University and the University of Michigan. Nathan has previously worked for Orion Consultants and Partners in Performance and has written for Internet Brands on subjects ranging from money matters to personal and home development. His interests include technology, travel, and food.

https://www.linkedin.com/company/orion-consultants/

Established in 1974, Orion is a small, dynamic company specializing in consulting for prominent Wall Street and international investment banks.  By using systematic qualitative methods, Orion presents its clients with in-depth market research and offers strategic performance analysis and recommendations.  For more than twenty years, Orion has established a niche in the domestic and European fixed income area.

[el kaka22]

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

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.

That is what always ends up happening when the weak hands have truly shown how weak they have been and then they let the big guys who have the bucks and know the future or well informed get the best of what they have been holding. Also, that looks more like a move from an exchange, with the little transactions that has been going on with the wallet. Although someone rightly mentioned huobi, but how can we really know?

The beginning has been noticed already when we started having big volume around the $9000 dip and even more when we had a further drop. Let's hope this ushers in a reversal for bitcoin. Also, I keep having the feelings like bigger players are really trying to get their hands full in the bitcoin market after driving the value down to shake off weak hands. Let's see how this goes.

[Netnox]

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.

Or may be a billionaire who just invested a significant fraction of his wealth in Bitcoin? Hedge fund managers are not that stupid to keep all their coins in one wallet. Before they do any investment, they carefully do the research about its potential implications. Well.. my worst fear is that this wallet belongs to some mafia don.

[BitHodler]

Or may be a billionaire who just invested a significant fraction of his wealth in Bitcoin? Hedge fund managers are not that stupid to keep all their coins in one wallet. Before they do any investment, they carefully do the research about its potential implications. Well.. my worst fear is that this wallet belongs to some mafia don.

Knock. Knock. Are brain cells at home? Not?

How many more times need it to be said that it wasn't a billionaire or hedge fund? I must admit that the hype around this article has been impressive, but the fact that people still haven't noticed anything is pathetic.

It only takes to a brief moment to browse through the addresses these funds are coming from, which should immediately cause this hyped article to dry out, but nope, people still act like headless chickens.

For a long term legendary member it's quite embarrassing honestly. And care to explain why it is a problem that a mafia don owns a large number of coins? I don't see anything wrong with that.

[kryptorian]

Nothing like having a bullshit story picked up by other rags, e,g. http://fortune.com/2018/02/19/400-million-bitcoin-anonymous-investor/, eh?

This reminds me of the time when some homeless dude once found a discarded laptop in a dumpster, then tried to sell it for ten bucks to the fist couple he came across, but they being Bitcoiners quickly discovered that the laptop contain mega bitcoins, informing the dude of their finds upon passing on the deal of the century. The homeless dude tried to tip them but the anonymous couple simply said, "Thanks, but no thanks, because that's the way we roll." (paraphrased, but nailed the sentiment)

All the major news outlets picked up the story while I started a thread tearing the event a new asshole cuz ... wait for it ... that's how I roll. 

Is that you Gleb Gamow? Hehehe.

You don't believe that someone or some group of whales really bought $400m worth of Bitcoins, maybe thinking it was at a "low" or something? The chart shows big buys from $6000 on 2/6/2018 and it never came back that low ever since.

I believe it was the big Chinese miners trying to protect themselves. Just my guess for what its worth.

Do you want to say that Chinese miners would be buying up to protect their mining profits? In my opinion, that would be counterproductive and risky as hell. In short, that would be a really bad move cause they might not get there and lose money at that, for example, if some whale decided to cash out. The price reversal was likely due to a downtrend movement getting limited and exhausting itself. It looks more like $6k was the lower limit below which people who bought in December and didn't sell soon thereafter wouldn't be selling at any price, no matter how low Bitcoin could fall. So it was no use pressing prices any lower.