Lets talk address 1JCe8z4jJVNXSjohjM4i9Hh813dLCNx2Sy

[talkbitcoin]

this link should answer all your doubts about the owner of that key dumping bitcoin cash:
https://blockchair.com/bitcoin-cash/address/1JCe8z4jJVNXSjohjM4i9Hh813dLCNx2Sy

by time i am writing this, it shows the balance still untouched and last "spending" transaction belongs to before fork, actually last year (2016-08-24)

if in the following days you clicked on this link and saw the funds move, you can be sure it was in order to claim the BCC airdrop.

[1715308841]

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[1715308841]

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[1715308841]

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[1715308841]

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[hello_good_sir]

this link should answer all your doubts about the owner of that key dumping bitcoin cash:
https://blockchair.com/bitcoin-cash/address/1JCe8z4jJVNXSjohjM4i9Hh813dLCNx2Sy

by time i am writing this, it shows the balance still untouched and last "spending" transaction belongs to before fork, actually last year (2016-08-24)

if in the following days you clicked on this link and saw the funds move, you can be sure it was in order to claim the BCC airdrop.

I doubt that there was much of a chance of them dumping BCC in the first place.

If they wanted to secure their wallet because of the 1st August bitcoin cash fork, then they would have done so by transferring the entire cold storage to another address that they own. But the fact that they only transferred around half eliminates the possibility that they were dumping BCC.

Anyways, as i said, it is likely that they want to diversify into other things or preserve some of their profits. They have made a bunch off bitcoin since last year already and probably just want to get some btc out when it's still $3000+. Not the best idea, imo. But it's probbaly not going to be a big dump that will flash crash the whole market but rather an unnoticeable dump that will happen gradually. btc price is still going to go up as people are getting ready for Segwit to get activated finally.

[jorneyflair]

The largest single address (1JCe8z4jJVNXSjohjM4i9Hh813dLCNx2Sy) since late last year has recently moved about 57% of the coins to numerous addresses... my first thought given that the movements took place within a 3 hour window on the 8th turning into the 9th of August was that this address belonged to BTC-e... largely due to the news out that they were able to recover 55% of seized funds. But if that were the case and you had control over the master address, why wouldn't you move everything?

Anyone else have thoughts on the recent movement of coins?

Could just be some guy who bought heaps of Bitcoin when the price was nothing and is now selling off all his coins and making some neat profit. 57% though, that is pretty insane and a huge amount when you think about it.

That is probably in cold storage and is slowly selling off his bitcoin, especially when the prices are high like right now.

Don't think it is the address of BTC-e, they should have multiple addresses and wouldn't be dumb enough to store everything in one address.

[talkbitcoin]

...

I doubt that there was much of a chance of them dumping BCC in the first place.

who exactly are "them"? we still don't know who does this address belong to apart from speculating about it.

If they wanted to secure their wallet because of the 1st August bitcoin cash fork, then they would have done so by transferring the entire cold storage to another address that they own. But the fact that they only transferred around half eliminates the possibility that they were dumping BCC.

i wouldn't jump to any conclusions yet. 124,000 bitcoin and bitcoin cash is a lot of money which you can't really sell on any of the exchanges! finding a way to dump it takes time and specially since the price is too low right now it is not a good idea anyways.

Anyways, as i said, it is likely that they want to diversify into other things or preserve some of their profits. They have made a bunch off bitcoin since last year already and probably just want to get some btc out when it's still $3000+.

if i wanted to guess i would have said this simply belongs to a service or something like that. it is their cold storage which they are now diving into, possibly because there have been withdrawals from their service.

[aTriz]

Wonder who it is...

Well, I would say that he probably did some transfers with Bitcoin due to the hard fork and he wanted to make sure he didn't lose his coins, a guess but an educated guess that may be true.

Don't think BTC-e has anything to do with it, if the address did belong to BTC-e they wouldn't have lost any funds at all. BTC-e would probably have over a thousand different addresses and wallets to make it hard to track.

[giveen]

What's the big deal see this link : https://coinmarketcap.com/currencies/bitcoin/ there are 16.5 million bitcoin circulating and that doesn't mean that 16.5 million people own bitcoin right. He might be a whale a real life billionaire nothing wrong in that you have money you buy more bitcoins, seeing the amount he has received he might be a reason for a increase in price. Thanks for sharing this maybe one day we might have 1/4th of this amount.

[jc89]

The largest single address (1JCe8z4jJVNXSjohjM4i9Hh813dLCNx2Sy) since late last year has recently moved about 57% of the coins to numerous addresses... my first thought given that the movements took place within a 3 hour window on the 8th turning into the 9th of August was that this address belonged to BTC-e... largely due to the news out that they were able to recover 55% of seized funds. But if that were the case and you had control over the master address, why wouldn't you move everything?

Anyone else have thoughts on the recent movement of coins?

Darn, if I have even half of that btc in my wallet I'd be converting them into fiat every single day without worrying about the current value. My great grand children will never have to work from that amount! And maybe right now I'd have travelled every travel worthy island in the world. And sponsored lots of foundations and organizations for the welfare of those in need. Okay, that was a wonderful short dream. I'm awake now, lol.

[coinableS]

Same address moving big money again, this time its one of many inputs totaling a $1 billion dollar transaction moving all to a P2SH addr 

1JCe8z4jJVNXSjohjM4i9Hh813dLCNx2Sy

https://www.blockchain.com/btc/tx/4410c8d14ff9f87ceeed1d65cb58e7c7b2422b2d7529afc675208ce2ce09ed7d

[Slow death]

Same address moving big money again, this time its one of many inputs totaling a $1 billion dollar transaction moving all to a P2SH addr 

1JCe8z4jJVNXSjohjM4i9Hh813dLCNx2Sy

https://www.blockchain.com/btc/tx/4410c8d14ff9f87ceeed1d65cb58e7c7b2422b2d7529afc675208ce2ce09ed7d

imagine if we could also see the banking movements made by all the people of the world, surely many corrupt politicians would not like this function



Joking aside, keeping track of this address will not reveal the identity of the owner... this is the other side of bitcoin which can sometimes be a disadvantageous especially when some scammer is stealing too many bitcoins

[pooya87]

Same address moving big money again, this time its one of many inputs totaling a $1 billion dollar transaction moving all to a P2SH addr 

i honestly don't understand the weird obsession with selective addresses are specially when the obsession is only over the amount since there is no information about who and why!

unlike popular belief the large amounts are being transferred using bitcoin regularly. you can see lots of them on the blockchain almost every week.
this is the list of about ~34000 transactions that have a output total of bigger than 1000BTC (from 1000 to 157457BTC or $10 million+ only in 2019

[gentlemand]

What is it with these big movements and massively wasteful fees? Is it a macho thing? 1/100th of that fee would've moved it just as rapidly. I presume the sender was monitoring his sex slave's minge and set the fee at optimal wetness.

[boyptc]

Same address moving big money again, this time its one of many inputs totaling a $1 billion dollar transaction moving all to a P2SH addr  

1JCe8z4jJVNXSjohjM4i9Hh813dLCNx2Sy

https://www.blockchain.com/btc/tx/4410c8d14ff9f87ceeed1d65cb58e7c7b2422b2d7529afc675208ce2ce09ed7d

The address "37XuVSEpWW4trkfmvWzegTHQt7BdktSKUs" must be the new stock address for those coins.

Since you have opened this up, I think someone from media will have this cover as their daily dose of content. And will put up a popular title "a whale moves huge amount".

[leea-1334]

I guess there are only plenty of people monitoring and watching these addresses,,, as well as automated bots tracking and analyzing them every single moment, and pushing out special reports to show the owners where the money ends up at.

So we do not need to watch it. Benefits are for others with means, not us;)

[mishax1]

I think he's just finally splitting his BTC BCH BSV coins

https://www.blockchain.com/btc/address/1JCe8z4jJVNXSjohjM4i9Hh813dLCNx2Sy
https://www.blockchain.com/bch/address/1JCe8z4jJVNXSjohjM4i9Hh813dLCNx2Sy
https://bchsvexplorer.com/address/1JCe8z4jJVNXSjohjM4i9Hh813dLCNx2Sy

[gentlemand]

Here's an interesting angle from Nick Szabo - https://twitter.com/NickSzabo4/status/1169848736819773440

The gist is a confirmation is only truly secure when a double spend becomes economically unproductive which means 40-50 days for a tx of this magnitude.

It doesn't really make much sense as they'd be double spending something rendered worthless by the double spend but still worth pondering.

[stompix]

What is it with these big movements and massively wasteful fees? Is it a macho thing? 1/100th of that fee would've moved it just as rapidly. I presume the sender was monitoring his sex slave's minge and set the fee at optimal wetness.

Is better this way, if he had used a 2sat/b we would have another wave of threads, whale moves 1 billion from his right pocket to his left pocket for just 5$.

It doesn't really make much sense as they'd be double spending something rendered worthless by the double spend but still worth pondering.

That and let's not forget that this so-called attack cost is purely hypothetical, it doesn't mean that if you have that money and you're willing to spend it will automatically happen, you still need to get that hash rate, are the big farms going to let themselves bribed? I doubt it.

[exstasie]

Here's an interesting angle from Nick Szabo - https://twitter.com/NickSzabo4/status/1169848736819773440

The gist is a confirmation is only truly secure when a double spend becomes economically unproductive which means 40-50 days for a tx of this magnitude.

It doesn't really make much sense as they'd be double spending something rendered worthless by the double spend but still worth pondering.

A successful 51% attack and double spend probably isn't going to render the network worthless. The protections against double spending are wholly market-based. There should be widespread acknowledgment that if the rewards are large enough, miners will act dishonestly. That's basically the entire idea underlying honest mining: you need to pay miners more than they can make by stealing from you.

We make this assumption that miners are invested in the long term network prospects, years out, and therefore would never double spend attack. In reality, the mining incentives only address short term rationality. Anything else is just abstract game theoretical speculation.

[STT]

We make this assumption that miners are invested in the long term network prospects, years out, and therefore would never double spend attack.

94k is alot but this long term supply chain of equipment investment is no small thing, also they are never likely to be so well organised as to present 51%.   I remember years ago there was great concern that a pool of miners was approaching too close to a majority of the hashing power and receiving many complaints they were being counter productive by appearing as a latent threat.   In theory that results in a lower price as less trust is then given to the network as secure, I dont think thats the case right now as its clearly a mistake for a decentralized network.