Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Nice spike in BDD... 
Almost as if someone is getting ready for something.
I know history doesn't repeat itself. But history repeats itself.
If this choo choo doesn't start chugging hard we're going to get a smackdown from finex in mid-january.
Disclaimer: I'm full of shit, everything is rosy.
Hi,
Maybe a noob question, but what does this mean?
Thx :-)
The chart?
It means that someone moved a lot of old coins (edit: that haven't been moved in a long time). The general assumption is that it is in order to dump on an exchange. Whether or not that is true can be difficult to know, but traders may treat it as a dump signal nonetheless.
When someone moves a lot of old coins that haven't moved in a long time there is often someone here who finds the transactions they moved in and posts them here. I'm not clever enough to track them but I would be grateful if someone who is posts them here for us to see. I'd like to know exactly how long it was since those coins moved.
Early coins moving is good for long term. Even if they sell and there's a short term drop in price it means that there are less huge wallets hanging over our heads down the road.