Bitcoin Forum
July 17, 2019, 09:45:08 AM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Pages: [1] 2 3 4 5 6 7 8 »  All
  Print  
Author Topic: bitcoin bear chart  (Read 42381 times)
jasonjm
Hero Member
*****
Offline Offline

Activity: 705
Merit: 500


View Profile
December 22, 2013, 05:36:46 PM
 #1



1563356708
Hero Member
*
Offline Offline

Posts: 1563356708

View Profile Personal Message (Offline)

Ignore
1563356708
Reply with quote  #2

1563356708
Report to moderator
1563356708
Hero Member
*
Offline Offline

Posts: 1563356708

View Profile Personal Message (Offline)

Ignore
1563356708
Reply with quote  #2

1563356708
Report to moderator
1563356708
Hero Member
*
Offline Offline

Posts: 1563356708

View Profile Personal Message (Offline)

Ignore
1563356708
Reply with quote  #2

1563356708
Report to moderator
PLAY NOW
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
piramida
Legendary
*
Offline Offline

Activity: 1148
Merit: 1001



View Profile
December 22, 2013, 06:04:20 PM
 #2

Nice dig. Definitely lots of old coins has moved around yesterday, for whatever reason. we would probably know soon.

i am satoshi
zoinky
Hero Member
*****
Offline Offline

Activity: 812
Merit: 1000


Web Developer


View Profile
December 22, 2013, 06:12:07 PM
 #3

Gulp  Cheesy
granathus
Full Member
***
Offline Offline

Activity: 294
Merit: 100



View Profile
December 22, 2013, 06:25:33 PM
 #4

Yup, this is huge... Something is about to go down. Literaly speaking.
piramida
Legendary
*
Offline Offline

Activity: 1148
Merit: 1001



View Profile
December 22, 2013, 06:29:54 PM
 #5

it could easily mean a large sell has happened off the books. a sell of this size (130k 3-yr old coins) would crash any exchange, so nobody would do it that way.

i am satoshi
granathus
Full Member
***
Offline Offline

Activity: 294
Merit: 100



View Profile
December 22, 2013, 06:32:00 PM
 #6

it could easily mean a large sell has happened off the books. a sell of this size (130k 3-yr old coins) would crash any exchange, so nobody would do it that way.

This is true, it could also mean a number of other things. In any case it has to be considered very bearish that such a chunk of coins has suddenly come into play again.
MaxwellsDemon
Full Member
***
Offline Offline

Activity: 187
Merit: 100

Converting information into power since 1867


View Profile
December 22, 2013, 06:46:35 PM
 #7

130k 3-yr old coins

How do you figure that? I guessed it would be a smaller amount of older coins, seeing how there were no huge transactions yesterday (involving old coins) and no spike in total output volume.

We're hunting for Leviathan, and Bitcoin is our harpoon.
keewee
Legendary
*
Online Online

Activity: 1025
Merit: 1000



View Profile
December 22, 2013, 06:46:48 PM
 #8

There has been a lot of new investment in Bitcoin services and talk of big things to come in 2014. Could this not be coming out of storage to provide funds for some venture (or ventures)?

1keewee2vRp63UWvPBynT55ZYw6SUCKDB
jasonjm
Hero Member
*****
Offline Offline

Activity: 705
Merit: 500


View Profile
December 22, 2013, 07:00:57 PM
 #9

and copy and paste

"I've done a bit of blockchain exploring.

The block in question where all the bitcoin days were destroyed is this one:

https://blockchain.info/block/00000000000000048445e1220a78e53de15c74160ffbe4dad0b52099560e045f

About 120,000 btc were moved. There are many transactions in this block in the 4,500-5,000 btc range. I followed the source addresses back in time. The ones I've looked at all trace their heritage to this monstrous transaction from 27 January 2011:

https://blockchain.info/tx/8f8210694d3631a88ff410c573d80caf57db1d8af397bd47687aa4e4c1802464

A single transaction moved 400,000 btc to a single address; this one:

https://blockchain.info/address/1AYtnRppWM7tWQaVLpm7TvcHKrjKxgCRvX

So whoever made the transaction yesterday had 400,000 btc in a single address in 2011. If it isn't Satoshi, who the hell is it?

Note that that 1AY... address had some transactions on 26 November this year; shortly before the ATH on 28 November. A huge whale, perhaps the biggest single holder of btc in existence, is stirring. The question is, why?

EDIT: 400,000 btc in early 2011 was almost 10% of all btc in existence. In a single address. Wow."
granathus
Full Member
***
Offline Offline

Activity: 294
Merit: 100



View Profile
December 22, 2013, 07:07:07 PM
 #10

and copy and paste

"I've done a bit of blockchain exploring.

The block in question where all the bitcoin days were destroyed is this one:

https://blockchain.info/block/00000000000000048445e1220a78e53de15c74160ffbe4dad0b52099560e045f

About 120,000 btc were moved. There are many transactions in this block in the 4,500-5,000 btc range. I followed the source addresses back in time. The ones I've looked at all trace their heritage to this monstrous transaction from 27 January 2011:

https://blockchain.info/tx/8f8210694d3631a88ff410c573d80caf57db1d8af397bd47687aa4e4c1802464

A single transaction moved 400,000 btc to a single address; this one:

https://blockchain.info/address/1AYtnRppWM7tWQaVLpm7TvcHKrjKxgCRvX

So whoever made the transaction yesterday had 400,000 btc in a single address in 2011. If it isn't Satoshi, who the hell is it?

Note that that 1AY... address had some transactions on 26 November this year; shortly before the ATH on 28 November. A huge whale, perhaps the biggest single holder of btc in existence, is stirring. The question is, why?

EDIT: 400,000 btc in early 2011 was almost 10% of all btc in existence. In a single address. Wow."

Nice research and writeup. This is really interesting, and a bit scary. Shocked
mgburks77
Sr. Member
****
Offline Offline

Activity: 364
Merit: 250


View Profile
December 22, 2013, 07:10:50 PM
 #11

Quote
A huge whale, perhaps the biggest single holder of btc in existence, is stirring. The question is, why?

Cthulhu rising?
jasonjm
Hero Member
*****
Offline Offline

Activity: 705
Merit: 500


View Profile
December 22, 2013, 07:14:19 PM
 #12

release the ... ?
SuperHakka
Full Member
***
Offline Offline

Activity: 196
Merit: 100



View Profile
December 22, 2013, 07:15:12 PM
 #13

i is getting butterfly feeling in my stomach for some reason

'First they ignore you. Then they laugh at you. Then they attack you. Then you win.' - Mohandas Gandhi
"Whenever I'm about to do something, I think, 'Would an idiot do this?' and if he would, I do not do that thing." - Dwight Schrute
Rampion
Legendary
*
Offline Offline

Activity: 1120
Merit: 1000


View Profile
December 22, 2013, 07:15:22 PM
 #14

Old coins moving is a positive sign 99% of the times regardless of short term price action.

MaxwellsDemon
Full Member
***
Offline Offline

Activity: 187
Merit: 100

Converting information into power since 1867


View Profile
December 22, 2013, 07:23:29 PM
 #15

and copy and paste

"I've done a bit of blockchain exploring.

The block in question where all the bitcoin days were destroyed is this one:

https://blockchain.info/block/00000000000000048445e1220a78e53de15c74160ffbe4dad0b52099560e045f

About 120,000 btc were moved. There are many transactions in this block in the 4,500-5,000 btc range. I followed the source addresses back in time. The ones I've looked at all trace their heritage to this monstrous transaction from 27 January 2011:

https://blockchain.info/tx/8f8210694d3631a88ff410c573d80caf57db1d8af397bd47687aa4e4c1802464

A single transaction moved 400,000 btc to a single address; this one:

https://blockchain.info/address/1AYtnRppWM7tWQaVLpm7TvcHKrjKxgCRvX

So whoever made the transaction yesterday had 400,000 btc in a single address in 2011. If it isn't Satoshi, who the hell is it?

Note that that 1AY... address had some transactions on 26 November this year; shortly before the ATH on 28 November. A huge whale, perhaps the biggest single holder of btc in existence, is stirring. The question is, why?

EDIT: 400,000 btc in early 2011 was almost 10% of all btc in existence. In a single address. Wow."


Wow... You're right, I missed that. ~120k coins, a bit over 1000 days old. And it's pretty clear they were sold, because all the outputs just moved 'as is' to new addresses. No splitting, merging, mixing, or otherwise rearranging. Why would someone do that if not to simply transfer the funds to someone else?

Note that the transactions on Nov. 26 were of negligible quantity; however, if you follow some of the money around, it kinda looks like some of it was sold during 2012.

We're hunting for Leviathan, and Bitcoin is our harpoon.
SuperHakka
Full Member
***
Offline Offline

Activity: 196
Merit: 100



View Profile
December 22, 2013, 07:32:32 PM
 #16

Old coins moving is a positive sign 99% of the times regardless of short term price action.
positive for who though? one thing is for sure, the fucker who is moving that pile around has been rumbled. he has now a short time to do what he has to do before the markets move against him. strap on yer crash helmets peeps  Shocked

'First they ignore you. Then they laugh at you. Then they attack you. Then you win.' - Mohandas Gandhi
"Whenever I'm about to do something, I think, 'Would an idiot do this?' and if he would, I do not do that thing." - Dwight Schrute
knightcoin
Full Member
***
Offline Offline

Activity: 238
Merit: 100


Stand on the shoulders of giants


View Profile
December 22, 2013, 07:44:44 PM
 #17

as a big Steve Spielberg fan .. I told days ago that we going to need a bigger boat  Grin (actually on that day had a weird lucid dream about it, but with some Casascius coins in the middle ) ... 

Anyways just came to my mind another one ...

Jurassic Park T-Rex Breakout
http://www.youtube.com/watch?v=1koa2xAxCAw

 Cool

http://www.introversion.co.uk/
mit/x11 licence 18.x/16|o|3ffe ::71
damiano
Legendary
*
Offline Offline

Activity: 1246
Merit: 1000


103 days, 21 hours and 10 minutes.


View Profile
December 22, 2013, 07:45:01 PM
 #18

It's like a hibernating bear at woke up.

Maybe he got some early insider info.
GeniuSxBoY
Hero Member
*****
Offline Offline

Activity: 616
Merit: 500


View Profile
December 22, 2013, 07:46:12 PM
 #19

I just pulled all my bids. I'm not going to be the sucker stuck with $600 coins. I'd rather play it safe

Be humble!
piramida
Legendary
*
Offline Offline

Activity: 1148
Merit: 1001



View Profile
December 22, 2013, 07:53:47 PM
 #20

relax, whoever had 400k coins in 2011, surely knows better than to dump them all on exchange Smiley he sat tight when it was at 1200, and no fundamentals has changed for him to suddenly need to cash out millions usd through an exchange where he would pay taxes when withdrawing and kill bitcoin in the process Smiley could be either a simple reorg or an off-books sale, these are not coming to gox.

PS still, out of curiosity, 0.1 btc bounty to whomever can provably link this move to an identity of the mover.

i am satoshi
Pages: [1] 2 3 4 5 6 7 8 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!