Someone just bought 12000 Bitcoin on coinbase wonder why?

[RILWAN]

12k btc that is huge but I dont think outflow indicate a single individual buying and who is ready to risk buying bitcoin at this present price. This could be a movement of bitcoin to other exchange from coinbase for whatever reason.

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[Twentyonepaylots]

It's a transfer, not a buyout. And besides, this purchase is not indicative of what most of you may call as "shaking of the weak hands". It's pretty much just bitcoin being transferred to a coinbase wallet/exchange for all we know. Plus, miners do this on the daily, though not in grand amounts like this, to avoid suspicion, so what makes this situation different from what the miners do on their lunch breaks?

[best123]

Investing in Bitcoin to me is a great investment. This is just the beginning of this great technology. The sky is the limit of Bitcoin. I will keep investing in cryptocurrency because I see future in it. Though, anybody investing in cryptocurrency should take proper care before doing so. Volitility is high atimes.

[Ziskinberg]

It's a transfer, not a buyout. And besides, this purchase is not indicative of what most of you may call as "shaking of the weak hands". It's pretty much just bitcoin being transferred to a coinbase wallet/exchange for all we know. Plus, miners do this on the daily, though not in grand amounts like this, to avoid suspicion, so what makes this situation different from what the miners do on their lunch breaks?

It is obvious that person never knows about it and for sure, he never understands those trading charts and ends up shaking his hands and his head. That might he is panic now and that wanted others to do the same...Hmmm, OP is wanted to make us fool.

Anyway, I have to take some break out from the negative mind, even seeing huge transfer makes their mind think about dumps. That only they understand, dump and pump, but they never know how to give trust to Bitcoin's capability.

[nikolastech]

This is total same way Elon Musk buy, so who know could be him again, one thing sure someone buying big at 58k.

[InvoKing]

The amount of people reading only the first post and replying randomly is incredible.

[aysg76]

Someone just bought 12000 Bitcoin on coinbase https://cryptoquant.com/overview/full/413?window=hour
This is just a shake out of weak hands, don't get folled here

This is not new as we have seen in the past that people who have funds and prefer to invest in Bitcoin have already spent billion in Bitcoin investment.As said above by one of member that this bulk order was not individually placed so it is clear that it's combined output for all individuals on coinbase.Even if it was it would be simple news these days.Tesla invested $1.5 billion and bought 48000 Bitcoins in their custody.So it is just a little amount for billionaires to invest some portion in bitcoin as they are always ready to invest in high yielding assets.So don't be jealous of other investments but be part of Bitcoin with any amount you can afford to invest.

[acener]

It could be a corporation we don't know what is the reason on buying that much.
But most of the time they are using this kind of move to create FOMO so it isn't new to us.
Just make sure that you wouldn't caught up of it and learn to DYOR before investing.

[fladnaG]

I am more interested in the question of why they chose coinbase as a platform for buying so many bitcoins

[nikolastech]

I am more interested in the question of why they chose coinbase as a platform for buying so many bitcoins

Its the same way Elon Musk and Michal Sayler did, Michael showed them all how to do it, so they follow his websites guide

[posi]

yes i wonder why thats why im here but your link was just a chart lol i thought your going to provide reasons for the buy up . let them weak hands sell no problem as long as they earn but itl be a real issue if what happen was a sell out instead of buy out and weak hands also sell because not only they can loose but it also contribute on the fall of the price  . i check the price just now but no major dumps so far  . where are those weak hands , did they learn already  ?

There's no need for the OP to provide a reason for investors to buy up because whenever it a bullish market like this a lot of tricks are usually used by the market manipulator just to shake off the weak hands but sometimes some of those that sold their holding are not weak but the whale's decision followers.
In the end, it all depends on each individual knowledge about the market.

[KryptoKings]

If such a huge number of BTC was bought, it could have pushed the price at much higher level. 12000 BTC is a big number. I don't think anyone will be able to buy so much with fiat. He must have used usdt which means no new money into crypto.

[nikolastech]

These guys know what they doing when they buy 12000 bitcoin at 58k
79k is my target