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/ 

[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.