A transfer of 249.999 BTC happened just now, really amazing

[I_wanna_to_communicate]

According to this news
https://www.reddit.com/r/jex/comments/a78wxw/what_does_it_mean/

The 53rd largest BTC address,
15xZvLJLAgxh8cxEmAbpx1H35oibHo5cLA

Has been adding +249.999 BTC
pretty much daily since Nov 28, 2018

Current Balance: 14,950 BTC
($52,185,839 USD)

Holds 0.08578% of all BTC

This might suggest that there will be a surge for BTC and other cryptocurrencies?

[Pursuer]

This might suggest that there will be a surge for BTC and other cryptocurrencies?

why "other cryptocurrencies"? this is bitcoin moved

and no it does not suggest that at all. neither  does it suggest a drop. people always tend to get over excited about seeing a large amount of bitcoin moved (this is not large though lol).

generally all you can say about these transactions  is either:
- a service is moving coins in or out of their cold storage like exchanges combining lots of inputs into one and putting it in one place
- a whale bought some coins and moved it to their cold storage. which is usually them buying coins off the market so that they don't push the price up, they keep it low while buying elsewhere...

[Yaunfitda]

The move doesn't do mean anything to the market, most probably trading exchange moving their coins to a safe location or its just a big whale who just accumulates since the price is really ripe for purchasing big amounts of bitcoin. Sorry to burst the bubble but we won't see a spike in the price as you have speculating.

[0t3p0t]

This might suggest that there will be a surge for BTC and other cryptocurrencies?

why "other cryptocurrencies"? this is bitcoin moved

and no it does not suggest that at all. neither  does it suggest a drop. people always tend to get over excited about seeing a large amount of bitcoin moved (this is not large though lol).

generally all you can say about these transactions  is either:
- a service is moving coins in or out of their cold storage like exchanges combining lots of inputs into one and putting it in one place
- a whale bought some coins and moved it to their cold storage. which is usually them buying coins off the market so that they don't push the price up, they keep it low while buying elsewhere...

Yeah this could be possible as we can see that market is down and maybe the owner of that address is a trader/investor that keeps on hoarding Bitcoins for future purposes. It could also be that the owner offers services in exchange of Bitcoins but too expensive services for me maybe a car or real estate transaction or whatever it is then it makes Bitcoin more trusted and known. For me this transaction might trigger a little pump days or months from now due to scarcity.

[tuvok007]

Its not much of a big deal,you think its a whale accumulating,than can be true but there can be a lot of other reasons too.....

[shield132]

Is that your comment on reddit? If not this, then which is the largest? @Pursuer
OP transaction is transaction, this wasn't money laundering nor has to do something with bitcoin's price. Btw it would affect price if for example it was coming from scam websites like it happened in past with hashocean but no one does it so publicly and no scamer wants his transaction to be easily viewable, especially on top of btc transactions. So don't worry + there is no news about it on major websites, take it easy.

[avikz]

According to this news
https://www.reddit.com/r/jex/comments/a78wxw/what_does_it_mean/

The 53rd largest BTC address,
15xZvLJLAgxh8cxEmAbpx1H35oibHo5cLA

Has been adding +249.999 BTC
pretty much daily since Nov 28, 2018

Current Balance: 14,950 BTC
($52,185,839 USD)

Holds 0.08578% of all BTC

This might suggest that there will be a surge for BTC and other cryptocurrencies?

What we all usually do is, speculate and hoard! Probably the owner of 15xZvLJLAgxh8cxEmAbpx1H35oibHo5cLA is doing the same thing. But because of the owner has a deep pocket, the volume looks big to us!

And while we talk about it, the balance is now 15,199.77 BTC. What is unusual though is the amount of BTC accumulated. A precise transaction of 249.999 BTC is something very unusual. Probably the owner speculating that market will go up soon and he is doing this as a ritual to make wealth! Probably, we are all speculating here!

[NeuroticFish]

A precise transaction of 249.999 BTC is something very unusual.

Well, actually there are also 299.999 and 199.999 transactions there too.
And yep, I'd say the same. Somebody (person, institution, consortium, whatever) is accumulating. And the 0.999 part most probably comes from deducting the withdrawal fee by the exchange.

This might suggest that there will be a surge for BTC and other cryptocurrencies?

Imho this suggests that somebody believes in Bitcoin and invests big bucks in it. Really big bucks...

[kalstarzz]

I think this is just moving it, and maybe it won't change anything at the price of bitcoin and altcoin, and this might worsen the current market situation.

[Pursuer]

A precise transaction of 249.999 BTC is something very unusual.

Well, actually there are also 299.999 and 199.999 transactions there too.
And yep, I'd say the same. Somebody (person, institution, consortium, whatever) is accumulating. And the 0.999 part most probably comes from deducting the withdrawal fee by the exchange.

this has been going on for a while actually. I have seen many cases of this recently which is why I mentioned the possibility in my above comment. there are many big transactions like this and when you follow them back you rarely find any of them link to an exchange wallet which proves this new sneaky way of accumulating bitcoin without letting the market find out about it and go up.

[rodalutor]

Does anyone even know if this address belongs to an individual or an entity buying btc rather than just being an address owned by an exchange or one of the whales moving their own funds around? Would think if it's some large entity adding btc each week they'd buy more than 750k worth per week.

[dothebeats]

Nah, it's a normal occurrence that people are moving large funds to another address, perhaps because of changing their storage or simply a routine transfer of money towards other addresses. But then again, since the address is constantly adding up funds on to their address, this could be a part of another service's cold storage that we don't know something about, or is yet to convey their identities. At this point we don't know the intentions of whoever owns that address, but one thing's for sure though: they hold a lot of money on a single address and weirdly adding up the similar amount constantly that could ring a bell in the future.

I just hope that they don't dump on us when the time comes.

[pundit]

This might suggest that there will be a surge for BTC and other cryptocurrencies?

why "other cryptocurrencies"? this is bitcoin moved

and no it does not suggest that at all. neither  does it suggest a drop. people always tend to get over excited about seeing a large amount of bitcoin moved (this is not large though lol).

generally all you can say about these transactions  is either:
- a service is moving coins in or out of their cold storage like exchanges combining lots of inputs into one and putting it in one place
- a whale bought some coins and moved it to their cold storage. which is usually them buying coins off the market so that they don't push the price up, they keep it low while buying elsewhere...

If there is upward move of BTC, its quite obvious most of the alt coins will also move upwards as BTC is still the king.
Moving this amount by 53rd largest address in order of holding BTC may be

[pundit]

This might suggest that there will be a surge for BTC and other cryptocurrencies?

why "other cryptocurrencies"? this is bitcoin moved

and no it does not suggest that at all. neither  does it suggest a drop. people always tend to get over excited about seeing a large amount of bitcoin moved (this is not large though lol).

generally all you can say about these transactions  is either:
- a service is moving coins in or out of their cold storage like exchanges combining lots of inputs into one and putting it in one place
- a whale bought some coins and moved it to their cold storage. which is usually them buying coins off the market so that they don't push the price up, they keep it low while buying elsewhere...

If there is upward move of BTC, its quite obvious most of the alt coins will also move upwards as BTC is still the king.
Moving this amount by 53rd largest address in order of holding BTC may be for anything, it may be a cheap buying for long hold, nothing can be denied.
Market is in a deep downtrend for last 11 months, there are chances of market upward move anytime now.

[funchiestz]

That's not something to grow up to. When I first saw the title, I perceived it as the 249K Bitcoin. Only 249. Yes, a great amount, but not very important.

[Red-Apple]

unlike what most people said here i think this can be an indication of a rise on the way in near future because in a way these cases are showing accumulation and we all know that the accumulation is the last phase before a big rally starts.

of course you shouldn't make in vestment decisions based on things like this!

[franky1]

its not a "user speculating"
its an exchange organising its cold store

the only speculating i see is the social drama of the reddit poster and this topic creator

exchanges have always been organising its coldstore daily for years
so many examples.. heres one
https://www.blockchain.com/btc/tx/33b2d09f26364cde78982079f99ae585688c7f96fc6497ef9e59a0fa2f434dae
this is an exchange re-accumilating its cold stores into one main address after reorganising

there are many other examples.. just the other week people were screaming about "6k moved" "66k moved" "8k moved"
which were all the same thing

so relax its not user movements. its just exchanges doing what they do regularly

[cherryganda]

I can still see the market recovery now and this one is really a good addition.
Maybe some whales are done on getting the bag fuller. FINALLY!!! we will see another bull run before the year ends and will continue to 2019!

[evanescence]

According to this news
https://www.reddit.com/r/jex/comments/a78wxw/what_does_it_mean/

The 53rd largest BTC address,
15xZvLJLAgxh8cxEmAbpx1H35oibHo5cLA

Has been adding +249.999 BTC
pretty much daily since Nov 28, 2018

Current Balance: 14,950 BTC
($52,185,839 USD)

Holds 0.08578% of all BTC

This might suggest that there will be a surge for BTC and other cryptocurrencies?

Well it's the 53rd largest address, it's not huge news. It's largely irrelevant, in fact.
Not to mention it could be a whale who's simply consolidating all his coins into one wallet.

[Xardasim]

This might suggest that there will be a surge for BTC and other cryptocurrencies?

The amount is good but not strong enough to influence so even if owner wants to sell, I do not think it can affect the price. It can only influence low volume small fishes and shitcoins. Anyway, it is probably exchange's money and just sent to the wallet to hold it.