So, a Bitcoin account from the 'Satoshi era' suddenly decides to stretch its fins and make a massive transfer. Talk about a grand entrance!
Why is this called the Satoshi Era? It was over 4 years after inception. Satoshi era would have to have ended 2012 or earlier, or around when he disappeared.
Either way, it's definitely making waves in the crypto community.
I hope this guy won't start selling it right now haha.
We already have a pretty big pressure on the bitcoin and the crypto market so it will send everything to hell pretty quickly.
But I think people like him will probably wait for bitcoin to go to 100k and beyond before selling even one coin.
We already have a pretty big pressure on the bitcoin and the crypto market so it will send everything to hell pretty quickly.
But I think people like him will probably wait for bitcoin to go to 100k and beyond before selling even one coin.
As others have mentioned too, this is a drop in the water. 1400~ BTC will barely effect the market. Liquidity can eat this amount up easily. It will not "send everything to hell" as you so intelligently (as always) put it crypticj.
this is old news
it was talked about a few days ago with a similar thing.. whereby coins that were generated in 2009. were spent into exchanges like mtgox and the stash in mtgox from 2013 is now moving due to the bankruptcy administration..
whales are people holding 100k plus. like M.saylor, or other entities that OWN their stash..
this however is not a whale, but a shark.. and also its a mtgox stash. thus not an individual owner but a small part of mtgox total hoard stuck in bankruptcy administration
this event is not a sell-off. its just a re-organisation of the mtgox stash ready to pass out to creditors in the future (moving from cold to hot wallets so to speak)
it was talked about a few days ago with a similar thing.. whereby coins that were generated in 2009. were spent into exchanges like mtgox and the stash in mtgox from 2013 is now moving due to the bankruptcy administration..
whales are people holding 100k plus. like M.saylor, or other entities that OWN their stash..
this however is not a whale, but a shark.. and also its a mtgox stash. thus not an individual owner but a small part of mtgox total hoard stuck in bankruptcy administration
this event is not a sell-off. its just a re-organisation of the mtgox stash ready to pass out to creditors in the future (moving from cold to hot wallets so to speak)
On point, as always. Thank you for the insight franky
