Oasisman
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October 14, 2019, 01:44:55 PM |
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Ive read this news earlier today. Though the OP totally copy pasted everything in this article : https://beincrypto.com/whale-moves-1000-btc-to-external-wallet-prepare-to-hodl/amp/ I dont think its a "whale move", even though we are considering a person/company who has 1000btc in his possession a "whale", but Im guessing its just a normal transfer. Not, unless if we're seeing similar things happened simultaneously.
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clickerz
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October 14, 2019, 01:55:39 PM |
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This is what I am thinking too. This is exchange fund and maybe moving to a more secured wallet.Though we are just speculating here, since the transaction is anonymous, we can say too that it is from a whale. Though it can signal that whales are accumulating,I dont think it can hype the situation.Good then that someone is buying by bulk and hold.
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enhu
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October 14, 2019, 01:59:40 PM |
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Someone just decide to keep his coin out of the exchange, isn't that what is being advised most o the time that it isn't safe to keep coins in the exchange?
This move can be a cue that bear is over. They have accumulated a lot so they move gradually their coins out, this could be the exchange itself or a trader whoever he was, we can look at it like he set aside these coins for keeps. If he is someone who withdraw all his funds then he must have gave up taking profits already and just want to hold.
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boltz
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October 14, 2019, 03:39:45 PM |
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If that is a purchase yes, a big whale just accumulated a big amount of bitcoins and I doubt whales are buying when the market is about to go down especially when the funds are being withdrawn to a personal wallet but if they whale already had the bitcoins in Bitstamp exchange its a just a moving transaction as he is in full control of its funds and maybe he is about to move them to another exchange or simply he stop using exchanges and is waiting for the market to swing from bear to bull. Personally if I had that big amount if bitcoins , I would hold them in multiple wallets for extra safety , also cold wallets because so far every year a big exchanges get hacked so why risk it to have it there ?
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Red-Apple
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October 14, 2019, 04:33:31 PM |
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that was my point also. i never said the transaction never occurred. in fact all these transactions are real and are also common. what i said was that there is no reason for anyone to conclude that it was a whale withdrawing funds from Bitstamp. besides in my opinion since the amount is high (1000 BTC) it has a higher chance of NOT being a withdrawal!
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--signature space for rent; sent PM--
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Eugenar
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October 14, 2019, 04:33:48 PM |
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If it is true that a whale moves his assets from Exchange to his personal wallet then I think that is the right step taken by a whale. They want to secure their assets because maybe they assume that the Bullrun market will happen soon and the Bearish market is over.
Meaning to say, that we don't need to worry about bitcoin's market value to lower down, if in case that hodlers and whales are the ones who are planning the majority of the future for bitcoin cryptocurrency. For us as well, we can still have hope through this information as there's no reason for us to sell or convert our cryptocurrency to our fiats. Just consider that, what the whales are doing should be what the small investors are doing.
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The Sceptical Chymist
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October 14, 2019, 04:42:30 PM |
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not sure who would keep 8 million on bitstamp.
Seriously, anyone with that amount of money should not keep it on any exchange, no matter how reputable it may be. And yeah, I'd like to see some proof of this myself--but I don't think this is all that important in any case. Somebody with deep pockets might be moving their purchase to a secure wallet--smart move--or it could be any number of other things. But this isn't going to affect the price of bitcoin, and I'm not sure it really means anything. If it is true that a whale moves his assets from Exchange to his personal wallet then I think that is the right step taken by a whale.
It's the right step for anyone to take, no matter how much bitcoin they have on an exchange. That's the first thing anybody new to bitcoin should learn: don't keep your coins on an exchange.
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Dabs
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October 16, 2019, 01:22:34 PM |
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This made me take a look at whale-alert's website. They only really watch and tweet about transactions exceeding $500k USD value. You could maybe pay to be informed about transactions as small as $100k USD.
So ... as a small fish in a big ocean, that's a good number to avoid hitting anytime soon. I don't mind sticking to a maximum of $100k USD in one transaction every few days and I'll probably be below the radar. Heck, it's hard enough to legitimately earn $100k USD per year.
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lobat999
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October 17, 2019, 03:09:58 AM |
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A major player in the cryptocurrency market has just withdraw 1,000 BTC ($ 8.4 million) from Bitstamp to an External wallet. Is this a sign that Bitcoin is accumulating?
I was wondering if this is a coincidence or not since its has been observed and reported that there is a trend of increasing Bitcoin addresses that holds 1K BTC or more. While some are suggesting whales are accumulating, I personally believe big investors and institutions have joined the bandwagon which could be an indication of a bullish sentiment in crypto. Related thread: A rise on Bitcoin addresses that holds 1k BTC or more is a bullish sign!
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pooya87
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October 17, 2019, 04:25:21 AM |
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not sure who would keep 8 million on bitstamp.
Seriously, anyone with that amount of money should not keep it on any exchange, no matter how reputable it may be. And yeah, I'd like to see some proof of this myself--but I don't think this is all that important in any case. Somebody with deep pockets might be moving their purchase to a secure wallet--smart move--or it could be any number of other things. But this isn't going to affect the price of bitcoin, and I'm not sure it really means anything. it is just not possible for this amount be a "purchase" because you simply can not transfer $8 million (the fiat not equivalent) from your bank to a bitcoin exchange. the bank simply won't allow it. they are closing down accounts for a lot less values such as a couple of thousand dollars!
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Bitcoin is the only decentralized money in existence.
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GreatArkansas
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October 17, 2019, 06:19:30 AM |
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Meaning to say, that we don't need to worry about bitcoin's market value to lower down, if in case that hodlers and whales are the ones who are planning the majority of the future for bitcoin cryptocurrency. (...)
Don't assume early. We don't even who are/is behind those huge transaction, what if the exchange is involved on that transaction or some price manipulation only? Or maybe it is a bear trap to just manipulate the emotions of every trader? Well, I'm not against it. But whenever I see that kind of transaction (transfer from an exchange to external wallet) is considered buying/hodling. But what if those kind of transactions is to transfer in different exchange and dump it?
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steveabrahams
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October 17, 2019, 06:26:25 AM |
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We never know what is it sign but in my opinion it can be that whale just want to stored his coins and waiting for something? It can be a sign too but only you know, we never know about that. The thing is there must be a reason why that whale moving 1000 BTC from an exchange to external wallet.
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SquallLeonhart
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October 17, 2019, 12:48:34 PM |
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I do not understand your theory that much, and how the movement of bitcoin from one wallet to another could mean that we are in accumulation period, if the theory was that they moved fiat into btc, and the transferred it to a wallet, then I could agree with what you are saying. Moving the 1000 btc from the bit stamp to another wallet could be that the whale is moving it to a wallet where it could be sold for the purpose the owner wants to use it for.
If you say we are in accumulation period, I would agree with you, but it would be on another reason and not the reason stated here. This currency price is very attractive, although i still have some analyst that made me understand the price could make more correction in the coming weeks and going to $7000 is something that is unavoidable.
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