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Author Topic: Constant ~25k BTC transactions  (Read 1374 times)
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July 19, 2011, 10:50:59 PM
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anyone noted the regulr transactions showing right now on bitcoin monitor?

that could effect money value? it slowly fall until now.
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enmaku
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July 19, 2011, 10:54:05 PM
 #2

The only things that can affect value are actual trades, not simply movement of currency. If I transfer a large sum of money to a new wallet, it affects Mt Gox, TradeHill, etc precisely zero. Also there aren't enough people watching the market at that level of detail to really care.

The only metric anyone might be using that this could even remotely affect is the total BTC transaction volume, which is shown on bitcoincharts and bitcoinwatch, so someone might be manipulating that, but I've got no idea what purpose such a person could have to do so.

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July 19, 2011, 10:56:40 PM
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if someone has a adress with a single 50k block of btc in it and decides to transfer 1 btc he actually transfers 49999btc to one address and 1 btc to another address

the next time its 49998 BTC + 1 BTC

so nothing unusual propably someone withdrew from mtgox.

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July 19, 2011, 10:57:34 PM
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if someone has a adress with a single 50k block of btc in it and decides to transfer 1 btc he actually transfers 49999btc to one address and 1 btc to another address

the next time its 49998 BTC + 1 BTC

so nothing unusual propably someone withdrew from mtgox.



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July 19, 2011, 11:03:04 PM
 #5

has ceased recently... but why need them to do regular transactions?
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