A Mystery Person Just moved $1B worth of Bitcoin

[yuria3]

The world's largest ever bitcoin transaction has taken place, with just over $1 billion (£802 million) worth of cryptocurrency transferred between accounts.

The single transaction of 94,504 bitcoins represents around 0.5 per cent of all bitcoins currently in existence, and it has left analysts confused by who made it and for what purpose.


Full Story Below:
https://www.independent.co.uk/life-style/gadgets-and-tech/news/bitcoin-mystery-trade-cryptocurrency-market-transaction-blockchain-a9103611.html?amp

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[pooya87]

this is ancient history bro. it happened ~10 days ago and there was a lot of speculation about it. it seems like independent is way too late with their getting news. lol

Such a large amount of bitcoin has the potential to crash the cryptocurrency market if it is cashed in for fiat currency.

since this is old, now we know that it could not.

[ethereumhunter]

I don't want to know that person as I don't have any clue about who is he. I am interested in what will happen in the market if that bitcoin is sent into the exchanges because if that happens, the market will get down in a short time. If he sells a large amount of bitcoin in instant sell, then that will impact the price, and we will see another downtrend. I wonder who the analysts that are confused about that are, but I am sure that the analysts will search that person who already makes the transaction.

[yuria3]

I don't want to know that person as I don't have any clue about who is he. I am interested in what will happen in the market if that bitcoin is sent into the exchanges because if that happens, the market will get down in a short time. If he sells a large amount of bitcoin in instant sell, then that will impact the price, and we will see another downtrend. I wonder who the analysts that are confused about that are, but I am sure that the analysts will search that person who already makes the transaction.

But even if they successfully found whoever made the transaction, no one can stop them from selling it. If they obtained their Bitcoin legally.

[Leonardo7]

It is stall news, this might just be a company or firm helping people to manage their asset. In any way, we have always been safe and will keep been safe. When your mates are conservative, you have to strike your goal without pity. Here we have the test of brave heart.

[bitbunnny]

this is ancient history bro. it happened ~10 days ago and there was a lot of speculation about it. it seems like independent is way too late with their getting news. lol

Such a large amount of bitcoin has the potential to crash the cryptocurrency market if it is cashed in for fiat currency.

since this is old, now we know that it could not.

Exactly, so such theory is now proven to be wrong. Maybe some will get now that whales don't have such major influence on the market afterall.
And if Bitcoins were obtained legally then there is no reason to hunt that person trying to identify it.

[Janation]

Why is this a mystery?

That is the reason why they chose to use Bitcoin rather than use the typical fiat transaction.

This is not a mystery since they are wanting to use cryptocurrency for the decentralization, so they can keep their anonymity. A lot of news about this flies in the past days so I think I would not be surprised that another person did it.

[fiulpro]

Why would someone first share a news like this .. it would be more like people's trust being broken since when we use wallets and other things people usually sign the agreement with the particular company that they are not gonna disclose it at the same time if a person moved Bitcoins from one place to many therefore I think its weird how this news made into the market even .

I never understand who discloses it ..if it's not the person itself .

[TalkStar]

I never understand who discloses it ..if it's not the person itself .

Maybe it doesn't matter who disclosed it where this massive transaction between addresses is the key factor.

Personally i am not gonna take this negatively because its a clear sign that sleeping mega investors are starting to show their interests about bitcoin. Perhaps we will see much bigger transaction like this in the near future. Hopefully worldwide investors are waiting to make massive amount of investment on bitcoin but government legalization is the key fact here. I hope Very soon all issues will be solved and people's interest will increase rapidly about bitcoin.

 

[13abyknight]

This seems to be a blue whale among all the other whales in the ocean. Techincally, a fiat transaction this big wouldn't have even be possible as it would have needed to go through 101 checks and regulations. On the other hand, the fear that this might be an early adopter trying to cash in to fiat is entirely plausible and might cause a hefty fluctuation in the current prices.

[Nadziratel]

There is no transaction hash in this title or in the article in the link. Without this, no one can confirm the accuracy of this information.

[todiboa]

The world's largest ever bitcoin transaction has taken place, with just over $1 billion (£802 million) worth of cryptocurrency transferred between accounts.

The single transaction of 94,504 bitcoins represents around 0.5 per cent of all bitcoins currently in existence, and it has left analysts confused by who made it and for what purpose.


Full Story Below:
https://www.independent.co.uk/life-style/gadgets-and-tech/news/bitcoin-mystery-trade-cryptocurrency-market-transaction-blockchain-a9103611.html?amp

I am inclined to believe that this is preparation for the launch of Bitcoin ETF and Bakkt. Although perhaps the transaction had a different goal

[Mulann2]

this is ancient history bro. it happened ~10 days ago and there was a lot of speculation about it. it seems like independent is way too late with their getting news. lol

Such a large amount of bitcoin has the potential to crash the cryptocurrency market if it is cashed in for fiat currency.

since this is old, now we know that it could not.

Lol! When you said this is old news I imagine 2017 -18, but just 10 days ago and you sound like it happened years back and can't not have effect on the price! 10 days ago is pretty recent to me and could still poss as treat to the market in general, that's a huge amount and if it was actually withdrawn should have cause a dent in the price but not sure why yet.

[dessyhodin97]

Wow....that will really affect the price if it gets into exchange

[zviadits]

In my opinion, whale alert has not noticed such large transactions for a long time. I think the whales are getting ready for the bull race, maybe Bakkt launch of the bitcoin futures is the reason for such transactions. What is your opinion?

[boyptc]

That address also moved the fork coins.

BCH and BSV.

Why is this a mystery?

That is the reason why they chose to use Bitcoin rather than use the typical fiat transaction.

This is not a mystery since they are wanting to use cryptocurrency for the decentralization, so they can keep their anonymity. A lot of news about this flies in the past days so I think I would not be surprised that another person did it.

So that there's something to talk to and they have an article to make. I've seen this a few days ago already as I've said.

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".

[CryptoBry]

For the purpose of guessing who can that person be, then this can be a good subject to explore. However, personally speaking, this is too boring to me and should not be getting much attention. We can guess, speculate, debate, discuss and maybe use divine power to know the personality behind such a massive Bitcoin transfer but I am not seeing any benefit or advantage with such a discourse. In the world of fiat money, such a movement is very, very normal and I still have to hear of such a news item being discussed in any media outlet not unless it can be connected with somebody who ha done something controversial.

[YuginKadoya]

Anonymous, as it is many are still speculating but I guess there is no reason to really bother from this since there is nothing happen with the price a slight decrease back then I think, but we are still back on track right now, A possibility that this is a whale is a sure 100% but with Bitcoin being anonymous is a great thing and don't we think that this is a private matter this is his Bitcoin and I think he can do whatever he wants with it so let's just be OK with it and move on there is no harm done in my opinion.

[bitsurfer2014]

I'm not worried about this incident rather, I'm glad to see these kinds of transactions happening unexpectedly just around the

corner! This only demonstrates that there are whales who hold significantly large amount of Bitcoins and and are still riding on

the idea of significant returns  just by holding Bitcoins for a  specific period of time. Imho.

[Bountyhonter]

This news is quite old and if the whale has any intention of dumping the Bitcoin he/she would have done it since.