Someone moved $1 billion in a single bitcoin transaction

[Karlston]

Someone moved $1 billion in a single bitcoin transaction

We don't know who was responsible for the massive transfer of 94,504 bitcoins.

Enlarge / Holders of large amounts of bitcoin are known as "whales."

Jenny Evans/Getty Images

Late on Thursday night, US Eastern time, someone made one of the biggest transactions in bitcoin history: 94,504 bitcoins. At the then-current bitcoin price of around $10,600, this transaction was worth almost exactly $1 billion. It's now worth around $967 million.

 

Bitcoin's shared transaction ledger is open, but addresses are anonymous by default. As a result, we know that the transaction occurred, but we don't know who made it or why. One analysis indicated that at least a third of the money comes from Huobi Global, a cryptocurrency exchange based in Singapore. So the transaction could reflect big withdrawals from a Huobi customer—or it could mean that Huobi itself was consolidating some of its deposits.

 

This isn't the largest transaction in bitcoin terms. In 2013, for example, someone moved 194,993 bitcoins in a single transaction. But bitcoins were much less valuable back then, so the transaction was only valued at around $150 million.

 

An even larger 2011 transaction moved 550,000 bitcoins. But with bitcoins only worth around $3 at the time, this represented around $1.5 million at the time.

 

However, I can't find any previous examples of bitcoin transactions where the dollar value exceeded $1 billion.

 

Whoever initiated the $1 billion transfer paid a transaction fee of 0.065 bitcoins—around $690 at the time of the transaction.

 

 

 

Source: Someone moved $1 billion in a single bitcoin transaction (Ars Technica)

[Infinite_Vision]

From now on, when I state an opinion, I will state it as an opinion because I don't want some dude to misunderstand the differences between an opinionated statement versus a factual one. Logical thinking. 

 

Thanks Karlston for sharing the news.  (Let me state that this is going to be billed as a factual discussion on this topic as not to trigger a particular dude on here).  For a while now, I was mulling buying a couple of those bitcoin but it seems to high.  You wanna buy low and sell high.  Here are some of my thoughts on why this person might have sold their shares.

 

1.) Bitcoin reached its peak a couple of months ago at $12500.  There is a peak and trough in business.  And as you chart out the year to date, you can see a pattern forming. 

Now, as I just did a quick research, the exchange is founded in China.  Now surprising that the founder of Huobi Global has name is Leon Li.  Surname of Li or Lee is important.  I'm not saying they've done anything wrong, it's just that they are a very powerful family name in ancient time.  

Source: Link 1

Source: Link 2

 

Now, this comes at the heel of someone trying to buy the London Stock Exchange.  The current CEO of the Hong Kong Exchanges and Clearing is (Charles Li) which own the Hong Kong Stock Exchange.  Within a day or so, there is huge movement of money or talk of movement of money in Singapore and Hong Kong.  These are movers and shakers.  They have info before a lot of us do.  I will keep my eyes on the news in the coming days to see if anything happens.  I have my hypothesis but I'll keep it with me at the moment.   Only those who knows know.  Those who eyes are wide open can see it.