Re: A transfer of 249.999 BTC happened just now, really amazing

Quote from: Pursuer on December 18, 2018, 09:33:29 AM

Quote from: I_wanna_to_communicate on December 18, 2018, 09:05:53 AM

This might suggest that there will be a surge for BTC and other cryptocurrencies?

why "other cryptocurrencies"? this is bitcoin moved Cheesy

and no it does not suggest that at all. neither does it suggest a drop. people always tend to get over excited about seeing a large amount of bitcoin moved (this is not large though lol).

generally all you can say about these transactions is either:
- a service is moving coins in or out of their cold storage like exchanges combining lots of inputs into one and putting it in one place
- a whale bought some coins and moved it to their cold storage. which is usually them buying coins off the market so that they don't push the price up, they keep it low while buying elsewhere...

Yeah this could be possible as we can see that market is down and maybe the owner of that address is a trader/investor that keeps on hoarding Bitcoins for future purposes. It could also be that the owner offers services in exchange of Bitcoins but too expensive services for me maybe a car or real estate transaction or whatever it is then it makes Bitcoin more trusted and known. For me this transaction might trigger a little pump days or months from now due to scarcity.