Some "whales" preparing for selling operations?

[cassander]

As we may know, aside some few huge wallets, there is no more real activity around bitcoin (around 10 million$ / day, to be compared with total capitalization)

I've read here that some of these huge accounts that have been silent during monthes/years have split their assets into several smaller accounts

What lead me to conclude that Bitcoin won't recover, main reason being that I know noone still believing in it. Nobody to "invest" in apart from those almost religious about it (there is obviously a bias reading a bitcoin forum compared to real life : 10 millions$/day shifts says that too)
https://nsa39.casimages.com/img/2018/12/08//181208110944337730.png

Imagine what will happen when of of this sells, only 1 account may represent the amount of 1 month usual activity in bitcoin market!!

My opinion : Bitcoin is just out of date, too old to compete for beeing a currency, what it was desigend for (remember, this was not meant to be a speculative asset)
But it showed the way. Blockchain has lots of good ideas

[nicster551]

As we may know, aside some few huge wallets, there is no more real activity around bitcoin (around 10 million$ / day, to be compared with total capitalization)

I've read here that some of these huge accounts that have been silent during monthes/years have split their assets into several smaller accounts

What lead me to conclude that Bitcoin won't recover, main reason being that I know noone still believing in it. Nobody to "invest" in apart from those almost religious about it (there is obviously a bias reading a bitcoin forum compared to real life : 10 millions$/day shifts says that too)


Imagine what will happen when of of this sells, only 1 account may represent the amount of 1 month usual activity in bitcoin market!!

My opinion : Bitcoin is just out of date, too old to compete for beeing a currency, what it was desigend for (remember, this was not meant to be a speculative asset)
But it showed the way. Blockchain has lots of good ideas

Of course not. We are in the bear trend right now and whales would prepare for selling? Are you kidding? They have had already planned that when Bitcoin is peaking and obviously they are now preparing to buy.

[charlotte04]

As we may know, aside some few huge wallets, there is no more real activity around bitcoin (around 10 million$ / day, to be compared with total capitalization)

I've read here that some of these huge accounts that have been silent during monthes/years have split their assets into several smaller accounts

What lead me to conclude that Bitcoin won't recover, main reason being that I know noone still believing in it. Nobody to "invest" in apart from those almost religious about it (there is obviously a bias reading a bitcoin forum compared to real life : 10 millions$/day shifts says that too)


Imagine what will happen when of of this sells, only 1 account may represent the amount of 1 month usual activity in bitcoin market!!

My opinion : Bitcoin is just out of date, too old to compete for beeing a currency, what it was desigend for (remember, this was not meant to be a speculative asset)
But it showed the way. Blockchain has lots of good ideas

They have obviously started that "selling operation" awhile back ago when everything was at the top, and now they are preparing for a buying one.

[cassander]

I see no point to this. The huge theoric value of their wallets is well above real value, because of real transactions. To say simpler, they already own everything, owning more would only need completly freeze the market.
10 million$ / day already means nothing exists anymore around bitcoin.
If 50000BTC are sold at once .. uh ... they just can't be sold actually, nobody in front to buy this at "actual price" .. that would redifine a true price 10 times lower.
And that exemple can be repeated 10 times

[Zin-Zang]

As we may know, aside some few huge wallets, there is no more real activity around bitcoin (around 10 million$ / day, to be compared with total capitalization)

I've read here that some of these huge accounts that have been silent during monthes/years have split their assets into several smaller accounts

What lead me to conclude that Bitcoin won't recover, main reason being that I know noone still believing in it. Nobody to "invest" in apart from those almost religious about it (there is obviously a bias reading a bitcoin forum compared to real life : 10 millions$/day shifts says that too)

Imagine what will happen when of of this sells, only 1 account may represent the amount of 1 month usual activity in bitcoin market!!

Unlike most here , you have perceived the truth , Bitcoin is on it's last legs because of a fatal flaw in all PoW coins.
PoW coins can't survive if their input costs exceed their operating costs, which due to their winner take all design is exactly what is destined to happen.

The Chinese Bitcoin Miners are Currently Shorting their own coins,
they are not holding them for later , they are selling all of them while shorting them.
Price has no where to go but down.

[cetald]

The market whales now accumulate both BTC and ETH in their wallets. And hamsters sell in fear. When the market goes up, the smart ones will earn, and the stupid will whine that they have previously sold their coins at a loss or for nothing. Nothing changes. History repeats itself

[Zin-Zang]

The market whales now accumulate both BTC and ETH in their wallets. And hamsters sell in fear.

LOL, 

those hamsters are the Bitcoin Miners, and when they go completely bankrupt the BTC Network Dies and those Whales lose everything.

[dewildance]

As we may know, aside some few huge wallets, there is no more real activity around bitcoin (around 10 million$ / day, to be compared with total capitalization)

I've read here that some of these huge accounts that have been silent during monthes/years have split their assets into several smaller accounts

What lead me to conclude that Bitcoin won't recover, main reason being that I know noone still believing in it. Nobody to "invest" in apart from those almost religious about it (there is obviously a bias reading a bitcoin forum compared to real life : 10 millions$/day shifts says that too)


Imagine what will happen when of of this sells, only 1 account may represent the amount of 1 month usual activity in bitcoin market!!

My opinion : Bitcoin is just out of date, too old to compete for beeing a currency, what it was desigend for (remember, this was not meant to be a speculative asset)
But it showed the way. Blockchain has lots of good ideas

It is very smart message for you who is post in first time.

But If you (or we all) think whales will move and you think know what they do, then they probably do opposite what you really think. It is their way of earning.

[cassander]

But If you (or we all) think whales will move and you think know what they do, then they probably do opposite what you really think. It is their way of earning.

what would they buy they don't already have??  You really think you can make 3000$ X 50000 from 50000 BTC ??  , seriously?
their assets in BTC is already so huge that this equivalent capitalisation in FLAT is just hypothetic : to say clearly, considering real market (those like you who buy/sale  and represent these poor 10M$ / day) represent NOTHING. Who would they sell to?
Very few of these wallets can only recover the actual equivalent in currency today, because if only 1% of them sell, price will just be cut down by 10
10 million$/d is just nothing. it is almost dead market

[proTECH77]

Frankly speaking, the whales are in no way preparing for sell neither to sell rather the whales are ready to buy more to keep. Lets us remember what transpire during the year 2013-2015, i think the issue here is that we should be smarter than those whales by not selling to them. As for me am not going to sell not even @7,000$ but will wait patiently for X1000 before a move to sell.

[cassander]

I don't get why they would buy, sorry. They already own all the assets, and actual price of BTC is just maintained (artificialy, probably in a controled way) by very few transactions (dayly amount 10M$)
https://www.crypto-france.com/wp-content/uploads/2017/12/distribution-bitcoin-rich-list.jpg

The owner of 100000BTC CAN'T get 100000 X 300$ , that's just impossible to sell. There is no market for allowing such transaction

[bitfocus]

Don't you think whales will not sale in dip to make some negative profit (loss)?

[davis196]

A big amount of btc moved from one wallet to a few smaller wallets doesn't mean anything.
They might sell here and there,but they won't sell everything.Crypto whales aren't that stupid.They might sell 50% and hold 50% waiting for the next bull run in 2020.

[o_e_l_e_o]

This has already been discussed in this thread: https://bitcointalk.org/index.php?topic=5079682.0

In summary: these wallets belong to Coinbase. All these wallets with ~66,000 BTC in them are linked by various transactions, such as this one from 2013: https://www.blockchain.com/btc/tx/a289ea76bcc396412e90d63b90eb462ea2adb326aa027d5a1bb8864c7c152012. Some of these wallets were emptied around this time last year and split in to 100-200 BTC increments across many addresses. A similar pattern of activity is being seen now with the remaining wallets. This is not a "whale", and these coins are not about to be sold.

Over the next seven days, Coinbase will be running scheduled maintenance across our platform that may cause movements on all Coinbase-supported blockchains. These are controlled, closely monitored movements that are being performed in order to provide enhanced security and protection for our customers.

[BrewMaster]

in case you were living under a rock, the whales have been dumping bitcoin so far. that is why price crashed nearly 50% from a very strong buy support at $6k down to $3k+.

and none of the big transactions that you so far saw on the blockchain had anything to do with it. literary none of them were coins that were sold on exchanges!!! and in the future none of them will ever be that way.
what you are missing is that those large transactions are 99% of the times either P2P trades or a whale simply moving his funds to a safer place. and 1% may be sells on market which is highly unlikely. a whale who wants to crash the market doesn't want you to know it before he dumps otherwise he loses money. and  these days with hundreds of these silly "whale watchers" they will never let you know it.

[jeromix]

This is not a surprise and probably OP your news is a little bit late because the whales are already throwing their bitcoin holdings as you can see coinmarketcap.com webaite where cryptocurrency specifically bitcoin has drop for more and this is not good for the cryptocurrency market.

[noormcs5]

A big amount of btc moved from one wallet to a few smaller wallets doesn't mean anything.
They might sell here and there,but they won't sell everything.Crypto whales aren't that stupid.They might sell 50% and hold 50% waiting for the next bull run in 2020.

You never know what whales are planning to do. Moving the bitcoins from one wallets to many small bitcoin wallets could mean nothing but rather to create fear of panic in market, normal people sells and whales buy more. Just think like how whales may be thinking to make profit.

[Gabrielexas]

Althought blockchain techonology and Bitcoin are separate things (even though bitcoin needs blockchain but blockchain does not need bitcoin)  we need to be reasonable and understand the following:

1) Bitcoin is on the market for 10 years and during this time apart from speculation and bubbles driven by enthusiasts, still there is a lot of serious investment by companies, business and enterprises with bitcoin behind it. So it is very far fetched that bitcoin will ever die.

2) Bitcoin is the most popular and successful crypto currency. Yes banks and governments can create their own and try to make it a success out of it by providing "guarantees" to make people feel comfortable about it, but that will be just another "lie" to replace fiat money with an idea of "freedom" and better control. However only Bitcoin and altcoins alike can really deliver decentralisation and so there is no competition in that space that governments and banks can bring even with their fancy futures ideas.

3) Yes bitcoin is on a bear market and yes it will go more down probably in between $800 to $2,000 before it starts to recover, but that is just what this market is and it will have more cycles like these until it stabilises, but none of this means "game over" nor "forever to the moon" status.

4) Bitcoin will become more popular with time and easier to make payments with so its dead is again far fetched. Projects like Baakat, acceptance of bitcoin which already exists like Microsoft and other big players is just the beginning of a long road of acceptance.

5) EFT acceptance or not will not determine whether bitcoin will survive or not, and that such EFT will probably only occur when these cycles will cease anyway so that will not determine nothing significant about bitcoin future from today's position and perspective.

6) Even if bitcoin would be valued at $1 or less, it still a very strong "currency". Not many currencies in the world today can match the value of $1 or close.

7) Lastly if bitcoin will become worth less than a $1 still a great easy, private and cheap way to send funds across comparing to international bank fees, documentation request, limitations and other services like western union etc... so even at that point bitcoin will be useful as a token of exchange for a lot of people in the globe.

I could point more reasons but I think these are enough to make you think really about bitcoins future.

[franky1]

whales have already sold.
they are just waiting for the lil shrimp feeding off the back of whales to sell so the whales can eat up loads of cheap shrimp

[aad140386]

I do not understand what your conclusions are based on. I believe that now Bitcoin gropes for the bottom, and it is quite understandable why liquidity is declining. When the trend changes, liquidity rises sharply. This is a fairly common practice. As far as I know, quite a lot of over-the-counter Bitcoin operations are currently taking place. It is likely that large players buy bitcoins quietly, so as not to disturb the market, and so that it does not affect the course at the moment. I still continue to believe in cryptocurrencies and I hope that I am not the only one.