Massive Crypto Whales Move 318,649 BTC Worth $3 Billion * the bitcoin cafe

[BonfireBob]

Damn, does anyone knows what was the purpose of the transfer?

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[Mandoy]

Damn, does anyone knows what was the purpose of the transfer?

That was how the discussion is flowing since we do not have the idea about the purpose of transfer and what we have are just the numbers and the txid of the transactions being done. Only one thing is clear and that is 3billion$ worth of bitcoin being transferred. This remains a mystery as to who send it, who owns it, and what is the purpose of sending it?. Let us just wait and see maybe somebody  knows the reason and he will comment here in this thread.

[Lucius]

Let us just wait and see maybe somebody  knows the reason and he will comment here in this thread.

Such large transactions in most cases can be linked to crypto exchanges, and by checking some of the posted transactions few addresses are linked to Xapo, so there is no great mystery here. Exchanges are still held a very large percentage of Bitcoins in their wallets, and sometimes move them from one address to another for security reasons.

[henmark]

The most amazing thing is even the fact that the owner was even able to move it without the services of those PayPal and the rest. This is the main function off bitcoin that is scaring lots of people because they know that they will be out of business.

Imagine what PayPal and others would have really made if the whale actually passed the money through them? But there is nothing that they can actually do again right now because the payment system of bitcoin is becoming easier than we think and gradually, every fan or users of those other financial service providers will end up moving completely to bitcoin which will make bitcoin become the world’s global currency even without the approval or the regulation of the government.