Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
LewisPirenne
on 24/12/2017, 01:11:39 UTC
This is merely a public service announcement.  Our 35K BTC spamming whale is back with his batches of tx.

As discussed a few days ago, this 35K BTC whale address started spamming on Dec 20,

https://blockchain.info/address/19Rd2Z4ckdPEs34KEmKpbddpK7ngp1sR6g

but he stopped after BTC bottomed at 10K and specifically with the green candlestick that goes from 13K to 14.8K.

But now he is back, paying 1k satoshi/byte, despite optimal fee for getting into next block at around 400~500 satoshi/byte.  

https://blockchain.info/address/197D9cfnEM3NwBGsmw4N99h18pkosoufkf
https://blockchain.info/tx/56a314ac0e58fe97daf97d75b73f8b6b4660488f099ffd37c22a774d2971420d

Note the coincidental downturn in the chart and those who trade the market can derive whatever conclusion they wish.  

For those interested in fee market, we are now down to backlogs with 400 satoshi/byte txs.  So for those who believes that it's mining cartel price gouging rather than whale manipulation, this is a data point for future reference on possible cartel price fixing scheme.