The Mysterious Chinese Bitcoin Whale Hoarded 94,000 BTC

[whitefish]

A staff member from a Chinese Bitcoin forum raised eyebrows upon the discovery of a wallet address that has received over 90,000 Bitcoin since the end of March

Read more: https://cryptovest.com/news/mysterious-chinese-bitcoin-whale-hoarded-94000-btc/ 

[1714954215]

1714954215

[Mpamaegbu]

First off, the word "Hoarding" is accurately wrong in cryptocurrency. The right word should be HODL. Si, what really is the point here? A man can't HODL his coins in peace anymore and wait for the ripe price to offload? I ain't get this.

Chinese or not, the sixth largest or not, there's nothing wrong in that.

[whitefish]

First off, the word "Hoarding" is accurately wrong in cryptocurrency. The right word should be HODL. Si, what really is the point here? A man can't HODL his coins in peace anymore and wait for the ripe price to offload? I ain't get this.

Chinese or not, the sixth largest or not, there's nothing wrong in that.

yeah.. He/she got a loads of btc and now he/she is dumping little by little and that's why or maybe why btc price is not stable.

[bhadz]

Wow that's a lot of bitcoin, he had sold 8,000BTC @ $8,000 and still he has nearly 86k BTC on hold. If the point is just to expose this wallet, there's no way to find out who's the owner of this.
This guy can now retire for the rest of his life and just enjoy his profits looking at the markets everywhere. I hope he won't sell with a single blow or the owner of this wallet owns an exchange?

[keycellko]

Well,we're all guilty for hoarding coins. This is because we believe that hodling would incrwase our profits even more. If this guy right here isnt chinese would it even matter? Whales are there and we know they exist. They are the ones who has the most bitcoin and they have the most influence on the price. The minute they sell in bulk bitcoin price dips.

[kaya11]

Well,we're all guilty for hoarding coins. This is because we believe that hodling would incrwase our profits even more. If this guy right here isnt chinese would it even matter? Whales are there and we know they exist. They are the ones who has the most bitcoin and they have the most influence on the price. The minute they sell in bulk bitcoin price dips.

So they have the power over us? Sad to know we are not even an inch closer to what they could do in the price. As of now we are barely making it out alive from the dip, hope that no more big BTC will go out in an instant.

[Indamuck]

Having almost 100,000 btc for sure makes you a crypto whale.  But in terms of monetary value it's still only around 600 million.  This is still a very small amount compared to the ultra wealthy such as Jeff Bezos.  This amount of bitcoins would be less than 1 percent of his total net worth.  The entire marketcap right now is under 250billion which is still extremely small as well.

[colendi9]

to understand BITCOIN so that no one can be selected. EVERY DAY OF EVERYONE. DAMAGED MONEY IS LOSS OF MONEY WHICH IS DIFFERENT SUCH AS MONEY

[kevoh]

A staff member from a Chinese Bitcoin forum raised eyebrows upon the discovery of a wallet address that has received over 90,000 Bitcoin since the end of March

Read more: https://cryptovest.com/news/mysterious-chinese-bitcoin-whale-hoarded-94000-btc/ 

Is there without doubt why this so called wallet is not owned by an exchange? I have read the article and the reason given for it is not convincing enough!

[AmazingDynamo]

A staff member from a Chinese Bitcoin forum raised eyebrows upon the discovery of a wallet address that has received over 90,000 Bitcoin since the end of March

Read more: https://cryptovest.com/news/mysterious-chinese-bitcoin-whale-hoarded-94000-btc/ 

if he acquired that bitcoin then why is that the price is too low and started to drop during march, 94k bitcoin is too large so that the price must be affected. If he will sell it how much drop will happen?

[BrewMaster]

it says mysterious then it says it is Chinese. LOL. sometimes these article writers crack me up.
here is the summary of this article:
"we found a bitcoin address that contained a large amount of bitcoin. then we made an article about it. to make it inetersting enough so that people take the bait and click it, we added the Chinese drama to it. we call ourselves journalists..."

[jhongzjhong]

it says mysterious then it says it is Chinese. LOL. sometimes these article writers crack me up.
here is the summary of this article:
"we found a bitcoin address that contained a large amount of bitcoin. then we made an article about it. to make it inetersting enough so that people take the bait and click it, we added the Chinese drama to it. we call ourselves journalists..."

So, your thought mate that is not true? If this happen probably bitcoin now was bouncing back in the market because that is too much huge amount that hold by mistereous Chinese holders. Well, I don't think if that only one person maybe that an exchange or having a business that related with crypto.
I personally amazed that there is one person holding that biggest amount of bitcoin and holding in one wallet.

[jseverson]

yeah.. He/she got a loads of btc and now he/she is dumping little by little and that's why or maybe why btc price is not stable.

I doubt selling small increments of 2000 Bitcoins can move the market substantially. Even if it did, it doesn't explain why Bitcoin has been dropping since the end of December. Can't blame everything on whales. Statistics apparently even say that the owner routinely buys dips.

Is there without doubt why this so called wallet is not owned by an exchange? I have read the article and the reason given for it is not convincing enough!

Why would an exchange keep their money on a different exchange? It's not a bulletproof case for sure, but you'd be hard pressed to answer that question. They're also saying it might be an investment institution, so it's not necessarily an uber rich person.

if he acquired that bitcoin then why is that the price is too low and started to drop during march, 94k bitcoin is too large so that the price must be affected. If he will sell it how much drop will happen?

Just because they consolidated their coins in March doesn't mean they bought in March. They've probably been in the market for a while. There's no telling what might happen, but considering the bear market, it could probably at least trigger another batch of sell-offs. He's not dumping everything if he knows what he's doing though.

[CHENIEN]

Maybe the person behind the owner of that certain large amount of bitcoin is also a member of cryptocurrency management, and that big amount are not own by only one person, maybe they probably get that certain large amount for the purpose of future good balancing system on cryptocurrency business, because cryptocurrency managements are only having the real power to control the system of cryptocurrency business.

[Kertmu]

With such a purse you can easily manipulate the cost Bitcoin in a large range, it is only to throw out a small share - the price immediately decreases.
These are the purses that play the role of the central bank in correcting prices.

[BrewMaster]

it says mysterious then it says it is Chinese. LOL. sometimes these article writers crack me up.
here is the summary of this article:
"we found a bitcoin address that contained a large amount of bitcoin. then we made an article about it. to make it inetersting enough so that people take the bait and click it, we added the Chinese drama to it. we call ourselves journalists..."

So, your thought mate that is not true? If this happen probably bitcoin now was bouncing back in the market because that is too much huge amount that hold by mistereous Chinese holders. Well, I don't think if that only one person maybe that an exchange or having a business that related with crypto.
I personally amazed that there is one person holding that biggest amount of bitcoin and holding in one wallet.

that's the point i am trying to make. that is NOT one person. that is one address. there is a difference between an address and a person.  what we have is an address containing a large sum of bitcoin and some transactions coming in are from certain exchange. that is all the information that we have. nothing more, nothing less.

last time a news like this was published the address they were speculating about belonged to the exchange itself. it was their cold storage!

[deafmaster]

Thanks for sharing this interesting information about crypto and traders.

[carlisle1]

First off, the word "Hoarding" is accurately wrong in cryptocurrency. The right word should be HODL. Si, what really is the point here? A man can't HODL his coins in peace anymore and wait for the ripe price to offload? I ain't get this.

Chinese or not, the sixth largest or not, there's nothing wrong in that.

yeah.. He/she got a loads of btc and now he/she is dumping little by little and that's why or maybe why btc price is not stable.

With the word MAYBE means speculation and you dont have enough proof to say that the man is the reason of this pumps and dumps

And beside i dont see any wrong about what hes doing because its the owners prerogative on what to do with hes assets and funds,lets respect the man and lets continue in our work

[redsap]

Thats was vey unexpected discover. Well i think if the holder still mysterius it can possible if that was an investor or hacker wallet. If we are seeing the recived in march. But still that person should becarefull to do with the wallet

[112tigra112]

A staff member from a Chinese Bitcoin forum raised eyebrows upon the discovery of a wallet address that has received over 90,000 Bitcoin since the end of March

Read more: https://cryptovest.com/news/mysterious-chinese-bitcoin-whale-hoarded-94000-btc/ 

This is literally one of the disadvantages of the cryptocurrencies,  that's some of mysterious Guy which would have a great amount of money can just shake all the market.

[ajochems]

Wow that's a lot of bitcoin, he had sold 8,000BTC @ $8,000 and still he has nearly 86k BTC on hold. If the point is just to expose this wallet, there's no way to find out who's the owner of this.
This guy can now retire for the rest of his life and just enjoy his profits looking at the markets everywhere. I hope he won't sell with a single blow or the owner of this wallet owns an exchange?

If they had 94,000 BTC,he will retire from his regular job .He will enjoy the rest of his life with this holding bitcoin.If they want to manipulate the price of bitcoin,partially it's possible.But it will be temporary one,if the people start to inverse at low value.The demand of bitcoin will increase and the price will increase automatically.

[vintages]

Even while their government seems to be busy banning cryptocurrency and ICO...many of their citizens are busy investing, what an irony of life. This is just to show them that cryptocurrency has it larger investor from from the Asia counties like Japan, China etc. regardless of what their government feel or say about cryptocurrency most particularly bitcoin.

[Pamadar]

Thats was vey unexpected discover. Well i think if the holder still mysterius it can possible if that was an investor or hacker wallet. If we are seeing the recived in march. But still that person should becarefull to do with the wallet

Oh well without real identity we can't assume who owns that particular wallet, that's a huge amount of coins where the owner can enjoy the profits,
it can move the value of bitcoin if that will be dumped in a particular exchange, this owner really became a millionaire and it needed to be more careful
with such amount of wealth.

[stompix]

Hmmm...Deja-vu?
Yes, deja-vu.

95,000 Bitcoin transferred to an exchange!

it says mysterious then it says it is Chinese. LOL. sometimes these article writers crack me up.
here is the summary of this article:
"we found a bitcoin address that contained a large amount of bitcoin. then we made an article about it. to make it inetersting enough so that people take the bait and click it, we added the Chinese drama to it. we call ourselves journalists..."

let me continue...
and we will receive a lot of clicks even weeks after we have posted the article as people on that bitcointalk thingy will open a topic about it every day

If they had 94,000 BTC,he will retire from his regular job .He will enjoy the rest of his life with this holding bitcoin.If they want to manipulate the price of bitcoin,partially it's possible.

Is he suffering from dissociative identity disorder?

Well,we're all guilty for hoarding coins. This is because we believe that hodling would incrwase our profits even more. If this guy right here isnt chinese would it even matter? Whales are there and we know they exist. They are the ones who has the most bitcoin and they have the most influence on the price. The minute they sell in bulk bitcoin price dips.

So they have the power over us? Sad to know we are not even an inch closer to what they could do in the price. As of now we are barely making it out alive from the dip, hope that no more big BTC will go out in an instant.

My god, the drama on this topic is getting ridiculous.
All the infidels should shout their prayers, the purge is upon us.

Now seriously, can we stop talking about doomsday about every damn time an exchange is moving its coins around?

[bhadz]

Wow that's a lot of bitcoin, he had sold 8,000BTC @ $8,000 and still he has nearly 86k BTC on hold. If the point is just to expose this wallet, there's no way to find out who's the owner of this.
This guy can now retire for the rest of his life and just enjoy his profits looking at the markets everywhere. I hope he won't sell with a single blow or the owner of this wallet owns an exchange?

If they had 94,000 BTC,he will retire from his regular job .He will enjoy the rest of his life with this holding bitcoin.If they want to manipulate the price of bitcoin,partially it's possible.But it will be temporary one,if the people start to inverse at low value.The demand of bitcoin will increase and the price will increase automatically.

I can sense that guy is more of an investor and he doesn't have a regular job but to grow his investments through different platforms and investments like bitcoin/cryptocurrency. And I don't think that this guy wants to manipulate the price if he wanted to do so, he can do it when it was under $6,000 but it looks to be more accurate that he is only waiting for the right time to sell. More of it, we are wrong and this guy is a total supporter of bitcoin that sees future profits.

[googs84]

He must be owning a business or some kind from where he is getting much of the bitcoins coming in his way. Or else he might be oldest investors on the crypto space and thus got them very cheap earlier. But it does state that he started to receive lot of bitcoin since the march month only and if that is the case then I am pretty sure the first is the reason for this. There is also no proof that who he is the person or whether its organisation itself. This is the pseudo anonymous space and thats why we will never for what, how he/she/they got that much in their wallets.

[VentureHero]

As long as the volumes in this market are this low, anybody with a reasonable amount of BTC can influence it.

[thetruth123123]

 I've heard about that that thing this is insane that some mysterious guy can just affect market so hard by moving his funds from one wallet to another

[Dortira]

I wish I would have such significant amount of Bitcoin on my wallet,  but to be honest I don't know what I would do with them, money is really not the main point why I am here.

[okala]

A staff member from a Chinese Bitcoin forum raised eyebrows upon the discovery of a wallet address that has received over 90,000 Bitcoin since the end of March

Read more: https://cryptovest.com/news/mysterious-chinese-bitcoin-whale-hoarded-94000-btc/ 

The investor must have had faith in bitcoin and that is why he keep holding and buying it!  How I wish I have such huge fund to invest into bitcoin like this Chinese mysterious investor.  I think this will make him to be among the whales and in future he or she may be  people that will decide what happen in future in cryptocurrencies market.

[Shenzou]

A staff member from a Chinese Bitcoin forum raised eyebrows upon the discovery of a wallet address that has received over 90,000 Bitcoin since the end of March

Read more: https://cryptovest.com/news/mysterious-chinese-bitcoin-whale-hoarded-94000-btc/ 

I mean i really find it hard to believe that one person could actually hold that much amount of bitcoin, since the blockchain network is technically anonymous there is no way to find out whether this wallet belongs to one person or an exchange website for example, and they say that the BTC came from tow different exchanges, means probably they are using tow address and this one as a backup, because there is no way that one person could get that amount just from exchange.

[Lorence.xD]

A staff member from a Chinese Bitcoin forum raised eyebrows upon the discovery of a wallet address that has received over 90,000 Bitcoin since the end of March

Read more: https://cryptovest.com/news/mysterious-chinese-bitcoin-whale-hoarded-94000-btc/ 

This is literally one of the disadvantages of the cryptocurrencies,  that's some of mysterious Guy which would have a great amount of money can just shake all the market.

Mysterious Individual hoard 94k of Bitcoin? what's wrong with that? What ever he do to that amount of Bitcoin is none of our concerns, moving or dumping 8k affects the market? i see no relation to the price market on HOARDING or  8k Bitcoin movement in the trading market. If this individual dump the 94k of Bitcoin in one trading transaction yes, it will affect the market price value of Bitcoin.

[MNDan]

It seems very strange for me that this amount of money transferred even not affected the price at all,  earlier in this market if we would have somewhere transferred such a big amount of money, price would be falling as hell.

[gambitcoin53]

A staff member from a Chinese Bitcoin forum raised eyebrows upon the discovery of a wallet address that has received over 90,000 Bitcoin since the end of March

Read more: https://cryptovest.com/news/mysterious-chinese-bitcoin-whale-hoarded-94000-btc/ 

lol, everybody does that, hodl-ing bitcoin, maybe the man has invested a long time ago then gained much to that amount, hoarding? i dont think so, he is just a bigtime holder of bitcoin and nothing to get amazed at aside from being known and identified as a millionaire through bitcoin, i wonder where will he be hiding, oops there goes the tax people, better hide... lol

[wuvdoll]

A staff member from a Chinese Bitcoin forum raised eyebrows upon the discovery of a wallet address that has received over 90,000 Bitcoin since the end of March

Read more: https://cryptovest.com/news/mysterious-chinese-bitcoin-whale-hoarded-94000-btc/ 

I mean i really find it hard to believe that one person could actually hold that much amount of bitcoin, since the blockchain network is technically anonymous there is no way to find out whether this wallet belongs to one person or an exchange website for example, and they say that the BTC came from tow different exchanges, means probably they are using tow address and this one as a backup, because there is no way that one person could get that amount just from exchange.

Why should that be so hard to believe ?
There are lots of rich business men who believed so much in bitcoin right from the onset and invested a lot in it.If you have invested $10k back then when it all started, we know that is like a chicken change to someone who was wealthy right from the beginning.

Moreover, there are so many whales and there are so many wallet with huge number of bitcoins than that which are not even exchanges, so all these ones about someone mysterious or someone being a Chinese and having a lot in his wallet is just absurd.

[EveryoneMATTERS]

A staff member from a Chinese Bitcoin forum raised eyebrows upon the discovery of a wallet address that has received over 90,000 Bitcoin since the end of March

Read more: https://cryptovest.com/news/mysterious-chinese-bitcoin-whale-hoarded-94000-btc/  

well that person is probably LIKASHING(not the real lika just his AKA) he used to bet 200 btc at a time on just-dice. I saw that person bet billions in under a minute some days, good guy he deserves it gave me 1 btc which i lost because i was quite ignorant at the time as a xmas present.

or a big miner, no one will every know the truth haha. i did try to advise him to stop gambling.

[Bitfling]

A staff member from a Chinese Bitcoin forum raised eyebrows upon the discovery of a wallet address that has received over 90,000 Bitcoin since the end of March

Read more: https://cryptovest.com/news/mysterious-chinese-bitcoin-whale-hoarded-94000-btc/ 

China right now is biggest economy country in the world beside america and japan. Its should be institutional, the best thing from this news is institutional money already come to cryptocurrency market and they start to hold bitcoin.
I am believe it will make cryptocurrency market rising again and can reach trillion dollar market cap

[yslyv]

that is why volatility is so high. those few whales has enough coins and cash to manipulate whole the market very easily. they decide the trend of the market. they decide when the market is going to recover.

[ReiMomo]

That's amazing way of collecting Bitcoins and the Chinese have proved that an individual can gain this much BTC in their wallet address. I think this is something we cannot agree upon but need to analyze on what terms the particular person have raised this much fund in the wallet. May be they have collected funds from major whales or from some of the major institutions.

[Betwrong]

First off, the word "Hoarding" is accurately wrong in cryptocurrency. The right word should be HODL. Si, what really is the point here? A man can't HODL his coins in peace anymore and wait for the ripe price to offload? I ain't get this.

Chinese or not, the sixth largest or not, there's nothing wrong in that.

yeah.. He/she got a loads of btc and now he/she is dumping little by little and that's why or maybe why btc price is not stable.

Seriously? Today's trading volume, for example, is equal to 700,278 BTC. So even selling 94,000 BTC in one day wouldn't impact the market big time, but we are talking here about possible selling little by little, and that's why his/her actions can't be the reason of the current price instability for sure.

Btw, I don't think that the fact the BTC came to the wallet from two different exchanges eliminates the possibility of the wallet being a cold storage of an exchange, as the article suggests.

[dothebeats]

How can one party identify who controls a specific address? Moving funds around isn't really that bad, and it's possible that it's just an exchange moving their coins to a new address in order to minimize the risk of getting hacked. Hoarding also isn't a problem since this isn't any state-issued currency and there are no legal implications if one decides to hoard his/her coins. I don't really get the fuss around whenever a huge amount of coins are being transferred. It's not as if someone would dump it in an exchange which, IMO is a pretty dumb move.

[tepakpak]

Yes this god is probably one cause of the decline in bitcoin prices now. All is very mysterious, when someone already has a lot of BTC they will be very easy to manipulate the price in the crypto market.

[sumanto]

I hear that news is not just china but some groups like MTgox I read they also save and have hundreds of thousands that can be a time bomb to destroy bitcoin prices.

[Secionz]

94,000 BTCs ? I just need to hold my breathe. Still I cannot believe into this. Now Satoshi is a Chinese ? Sorry for off-topic.

I guess that guy must be running some ponzi or a wallet services. I am relatively new here hence totally confused on this.

[nidacoinlove]

94,000 BTCs ? I just need to hold my breathe. Still I cannot believe into this. Now Satoshi is a Chinese ? Sorry for off-topic.

I guess that guy must be running some ponzi or a wallet services. I am relatively new here hence totally confused on this.

I have no concern with it that how many Bitcoin is someone holding in his wallet but te real concern for me is why is someone observing a wallet? How is it possible for someone to keep a check on others wallets? Don't you think it is indicating towards the weak security and where did the privacy issues go? It is a very serious matter which could take Bitcoin to failure.

[realcrypto]

Wow! This is great, the person that have this quantity of bitcoin knows what the future holds for bitcoin. I wish I have money to buy even half of the amount of bitcoin this person have.

[GangNamSK]

that is why volatility is so high. those few whales has enough coins and cash to manipulate whole the market very easily. they decide the trend of the market. they decide when the market is going to recover.

These whales are sure to be together to make plans to manipulate the electronic financial market. But I believe they do not make a strong move in the market they create waves to stimulate demand for the market. To maintain strong electronic money.

[OrangeSeller]

First off, the word "Hoarding" is accurately wrong in cryptocurrency. The right word should be HODL. Si, what really is the point here? A man can't HODL his coins in peace anymore and wait for the ripe price to offload? I ain't get this.

Chinese or not, the sixth largest or not, there's nothing wrong in that.

yeah.. He/she got a loads of btc and now he/she is dumping little by little and that's why or maybe why btc price is not stable.

Why is that some of you are just so annoyingly trying to push everything to the dump in the market. How can you proof he is a Chinese whale and how can you proof he has been the one dumping. Speculation, FUD has been the reasoning of a whole lot of you.
Anyone can decide to hold whatever he likes as long as he wants it and I do not see any issue or problem in that, but trying to bring about something that is not there, or something you simply cannot even proof as you are just assuming things in your head is the main problem here.

[Carlos Caprio]

Anyone who has that much bitcoin must be a billionaire. Like me, having 2 or 3 bitcoins also wants to sell it because it is profitable and can be used for living needs. This mysterious man is a big speculator who has big capital and plays for long. He will sell bitcoin little by little with the desired profit, and sell or buy again according to the price game he wants. Because large speculators are conductors in bitcoin trading.

[asrafkhairulazzam22]

wow .. if he sells it it will greatly destroy the bitcoin market
it's really a very big whale. hoping he would hoard without selling it in the slightest

[gudongud]

A staff member from a Chinese Bitcoin forum raised eyebrows upon the discovery of a wallet address that has received over 90,000 Bitcoin since the end of March

Read more: https://cryptovest.com/news/mysterious-chinese-bitcoin-whale-hoarded-94000-btc/ 

The investor must have had faith in bitcoin and that is why he keep holding and buying it!  How I wish I have such huge fund to invest into bitcoin like this Chinese mysterious investor.  I think this will make him to be among the whales and in future he or she may be  people that will decide what happen in future in cryptocurrencies market.

It is still funny though why the OP or whoever must have imagined this person to be a Chinese investor? Moreover, let us even imagine he is; what is the wrong thing in holding even as much as 1million bitcoin as far as there is simply no problem with it in the first place? Whatever anyone wants to do with their holding is their choice and business, but trying to bring about some funny and lame assumptions like the article and the OP are insisting does not make any sense.

[embargo]

Are you sure that the whale is Chinese? For this number of the purse anyone can be, and most likely a group of persons or an organization. These are actually those who can influence the crypto currency market with a single keystroke.

[Fear]

I have heard about that few times but it is amazing for me that is causing no changes in overall mood on the market and even the price was not shaking that days, so probably maybe this information is fake?

[darkangel11]

I hear that news is not just china but some groups like MTgox I read they also save and have hundreds of thousands that can be a time bomb to destroy bitcoin prices.

Do you even know what MTGox is? This exchange is dead for years and they don't have any coins. The coins belong to the people who had funds on the exchange during its collapse and will be returned to them very soon. In other words all Gox funds will be distributed among creditors, which won't change anything about the market.

I have heard about that few times but it is amazing for me that is causing no changes in overall mood on the market and even the price was not shaking that days, so probably maybe this information is fake?

Yes, it's most likely made up, just like the so called institutional money coming to Bitcoin

[The Sceptical Chymist]

I have heard about that few times but it is amazing for me that is causing no changes in overall mood on the market and even the price was not shaking that days, so probably maybe this information is fake?

The news is over two months old, but still people here are talking about it like it was today.  We did indeed see bitcoin get smashed since that news came out, so who knows if it had an effect.  Ultimately it's always hard to tell what's happening when large amounts of bitcoin are being moved, whether it's being sold or someone's just changing wallets.  That article doesn't exactly say that any bitcoin was sold on any exchange, just that it was bought from exchanges.  If that person sold bitcoin privately, that wouldn't affect the market at all.

[TheCoinGrabber]

Has anyone confirmed if this is real? Has anyone already noticed any movement? Coz if it's real then maybe it pays to keep track of it, whenever it is adding new coins or when it seems it might dump.

[Ajaaraan]

well, I don't think that this guy wants to manipulate the price if he wanted to do so, he can do it when it was under $6,000 but it looks to be more accurate that he is only waiting for the right time to sell. More of it, we are wrong and this guy is a total supporter of bitcoin that sees future profits. Any thoughts?

[KryptoKai]

The wallet in question is still holding those 94k bitcoins so must be a hodler rather than a mt gox dumper. One thing for sure is that this person is gonna be a zillionaire in future when bitcoin really takes off. I'd be very happy if i had 94 bitcoins let alone 94k! Im' sure there are eyes on that fat one, lets hope he doesn't spill any blood any time soon

[TurboRyzen]

I wonder who the individual is, and why would they hold so much in one particular wallet when such a thing would be discovered.

My guess is that it's not an individual, but probably the Chinese government. But you know what, since it's so easy to link to China, I also wouldn't be surprised if it's another government making it seem that it's Chinese.

[maxreish]

it says mysterious then it says it is Chinese. LOL. sometimes these article writers crack me up.
here is the summary of this article:
"we found a bitcoin address that contained a large amount of bitcoin. then we made an article about it. to make it inetersting enough so that people take the bait and click it, we added the Chinese drama to it. we call ourselves journalists..."

Lol. It  is indeed quite amusing. And it is also misleading news. Let us say that it is true, whales like a Chinese citizen may contributed to the movements of the market. A big role rather because of that thousands of bitcoin be/she was holding. But that news is somewhat suspicious. My guts told me so.

[maculeth]

how could that happen when the Chinese government banned bitcoin in his country. it shows that bitcoin is still an investment value, in fact there are still whales coming from countries that prohibit bitcoin.