Re: Why do whales move Bitcoin around from wallet to wallet?

Quote from: Pipdips on July 31, 2019, 03:04:43 AM

I read this today and it made me wonder what exactly is the purpose of whales moving Bitcoin around like this?

https://www.fxstreet.com/cryptocurrencies/news/bitcoin-whales-move-3-billion-in-just-six-hours-201907302301?utm_source=tradingview&utm_medium=rss&utm_campaign=254b9d70-7c4b-481b-a94e-aaac0c60ed14

Are they splitting the coin up into smaller wallets so they do not keep all their eggs in one basket? Any other reasons why?

Even if you have 1 BTC only I will recommend you to put in two different wallets just in case anything bad happens. A wallet can he hacked ,compromised or anything beyond expectation can happen. So now the whales who have 1000s of BTC, do you think it is wise for them to keep them in a single place ? Absolutely NO.