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jasonjm (OP)
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December 22, 2013, 05:36:46 PM |
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Bitcoin addresses contain a checksum, so it is very unlikely that mistyping an address will cause you to lose money.
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piramida
Legendary
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Activity: 1176
Merit: 1010
Borsche
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December 22, 2013, 06:04:20 PM |
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Nice dig. Definitely lots of old coins has moved around yesterday, for whatever reason. we would probably know soon.
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i am satoshi
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zoinky
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December 22, 2013, 06:12:07 PM |
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Gulp  |
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granathus
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December 22, 2013, 06:25:33 PM |
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Yup, this is huge... Something is about to go down. Literaly speaking.
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piramida
Legendary
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Activity: 1176
Merit: 1010
Borsche
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December 22, 2013, 06:29:54 PM |
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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.
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i am satoshi
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granathus
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December 22, 2013, 06:32:00 PM |
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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. |
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MaxwellsDemon
Full Member
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Activity: 187
Merit: 109
Converting information into power since 1867
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December 22, 2013, 06:46:35 PM |
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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.
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keewee
Legendary
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Activity: 1025
Merit: 1000
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December 22, 2013, 06:46:48 PM |
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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)?
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1keewee2vRp63UWvPBynT55ZYw6SUCKDB
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jasonjm (OP)
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December 22, 2013, 07:00:57 PM |
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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/00000000000000048445e1220a78e53de15c74160ffbe4dad0b52099560e045fAbout 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/8f8210694d3631a88ff410c573d80caf57db1d8af397bd47687aa4e4c1802464A single transaction moved 400,000 btc to a single address; this one: https://blockchain.info/address/1AYtnRppWM7tWQaVLpm7TvcHKrjKxgCRvXSo 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." |
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granathus
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December 22, 2013, 07:07:07 PM |
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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/00000000000000048445e1220a78e53de15c74160ffbe4dad0b52099560e045fAbout 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/8f8210694d3631a88ff410c573d80caf57db1d8af397bd47687aa4e4c1802464A single transaction moved 400,000 btc to a single address; this one: https://blockchain.info/address/1AYtnRppWM7tWQaVLpm7TvcHKrjKxgCRvXSo 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.  |
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mgburks77
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December 22, 2013, 07:10:50 PM |
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A huge whale, perhaps the biggest single holder of btc in existence, is stirring. The question is, why? Cthulhu rising? |
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jasonjm (OP)
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December 22, 2013, 07:14:19 PM |
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release the ... ?
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SuperHakka
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December 22, 2013, 07:15:12 PM |
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i is getting butterfly feeling in my stomach for some reason
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'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
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Rampion
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Activity: 1148
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December 22, 2013, 07:15:22 PM |
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Old coins moving is a positive sign 99% of the times regardless of short term price action.
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MaxwellsDemon
Full Member
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Activity: 187
Merit: 109
Converting information into power since 1867
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December 22, 2013, 07:23:29 PM |
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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/00000000000000048445e1220a78e53de15c74160ffbe4dad0b52099560e045fAbout 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/8f8210694d3631a88ff410c573d80caf57db1d8af397bd47687aa4e4c1802464A single transaction moved 400,000 btc to a single address; this one: https://blockchain.info/address/1AYtnRppWM7tWQaVLpm7TvcHKrjKxgCRvXSo 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.
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SuperHakka
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December 22, 2013, 07:32:32 PM |
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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 |
'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
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knightcoin
Full Member
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Activity: 238
Merit: 100
Stand on the shoulders of giants
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December 22, 2013, 07:44:44 PM |
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as a big Steve Spielberg fan .. I told days ago that we going to need a bigger boat  (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  |
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damiano
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Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
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December 22, 2013, 07:45:01 PM |
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It's like a hibernating bear at woke up.
Maybe he got some early insider info.
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GeniuSxBoY
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December 22, 2013, 07:46:12 PM |
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I just pulled all my bids. I'm not going to be the sucker stuck with $600 coins. I'd rather play it safe
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Be humble!
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piramida
Legendary
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Activity: 1176
Merit: 1010
Borsche
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December 22, 2013, 07:53:47 PM |
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relax, whoever had 400k coins in 2011, surely knows better than to dump them all on exchange  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 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
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