piramida



Offline



Activity: 1162

Merit: 1005









LegendaryActivity: 1162Merit: 1005 Re: bitcoin bear chart December 22, 2013, 06:04:20 PM #2 Nice dig. Definitely lots of old coins has moved around yesterday, for whatever reason. we would probably know soon. i am satoshi

piramida



Offline



Activity: 1162

Merit: 1005









LegendaryActivity: 1162Merit: 1005 Re: bitcoin bear chart December 22, 2013, 06:29:54 PM #5 it could easily mean a large sell has happened off the books. a sell of this size (130k 3-yr old coins) would crash any exchange, so nobody would do it that way. i am satoshi

granathus



Offline



Activity: 294

Merit: 100









Full MemberActivity: 294Merit: 100 Re: bitcoin bear chart December 22, 2013, 06:32:00 PM #6 Quote from: piramida on December 22, 2013, 06:29:54 PM it could easily mean a large sell has happened off the books. a sell of this size (130k 3-yr old coins) would crash any exchange, so nobody would do it that way.



This is true, it could also mean a number of other things. In any case it has to be considered very bearish that such a chunk of coins has suddenly come into play again. This is true, it could also mean a number of other things. In any case it has to be considered very bearish that such a chunk of coins has suddenly come into play again.

MaxwellsDemon



Offline



Activity: 187

Merit: 109



Converting information into power since 1867







Full MemberActivity: 187Merit: 109Converting information into power since 1867 Re: bitcoin bear chart December 22, 2013, 06:46:35 PM #7 Quote from: piramida on December 22, 2013, 06:29:54 PM 130k 3-yr old coins



How do you figure that? I guessed it would be a smaller amount of older coins, seeing how there were no huge transactions yesterday (involving old coins) and no spike in total output volume. How do you figure that? I guessed it would be a smaller amount of older coins, seeing how there were no huge transactions yesterday (involving old coins) and no spike in total output volume. We're hunting for Leviathan, and Bitcoin is our harpoon.

keewee



Offline



Activity: 1025

Merit: 1000









LegendaryActivity: 1025Merit: 1000 Re: bitcoin bear chart December 22, 2013, 06:46:48 PM #8 There has been a lot of new investment in Bitcoin services and talk of big things to come in 2014. Could this not be coming out of storage to provide funds for some venture (or ventures)? 1keewee2vRp63UWvPBynT55ZYw6SUCKDB

jasonjm



Offline



Activity: 707

Merit: 500







Hero MemberActivity: 707Merit: 500 Re: bitcoin bear chart December 22, 2013, 07:00:57 PM #9



"I've done a bit of blockchain exploring.



The block in question where all the bitcoin days were destroyed is this one:



https://blockchain.info/block/00000000000000048445e1220a78e53de15c74160ffbe4dad0b52099560e045f



About 120,000 btc were moved. There are many transactions in this block in the 4,500-5,000 btc range. I followed the source addresses back in time. The ones I've looked at all trace their heritage to this monstrous transaction from 27 January 2011:



https://blockchain.info/tx/8f8210694d3631a88ff410c573d80caf57db1d8af397bd47687aa4e4c1802464



A single transaction moved 400,000 btc to a single address; this one:



https://blockchain.info/address/1AYtnRppWM7tWQaVLpm7TvcHKrjKxgCRvX



So whoever made the transaction yesterday had 400,000 btc in a single address in 2011. If it isn't Satoshi, who the hell is it?



Note that that 1AY... address had some transactions on 26 November this year; shortly before the ATH on 28 November. A huge whale, perhaps the biggest single holder of btc in existence, is stirring. The question is, why?



EDIT: 400,000 btc in early 2011 was almost 10% of all btc in existence. In a single address. Wow." and copy and paste"I've done a bit of blockchain exploring.The block in question where all the bitcoin days were destroyed is this one:About 120,000 btc were moved. There are many transactions in this block in the 4,500-5,000 btc range. I followed the source addresses back in time. The ones I've looked at all trace their heritage to this monstrous transaction from 27 January 2011:A single transaction moved 400,000 btc to a single address; this one:So whoever made the transaction yesterday had 400,000 btc in a single address in 2011. If it isn't Satoshi, who the hell is it?Note that that 1AY... address had some transactions on 26 November this year; shortly before the ATH on 28 November. A huge whale, perhaps the biggest single holder of btc in existence, is stirring. The question is, why?EDIT: 400,000 btc in early 2011 was almost 10% of all btc in existence. In a single address. Wow."

granathus



Offline



Activity: 294

Merit: 100









Full MemberActivity: 294Merit: 100 Re: bitcoin bear chart December 22, 2013, 07:07:07 PM #10 Quote from: jasonjm on December 22, 2013, 07:00:57 PM



"I've done a bit of blockchain exploring.



The block in question where all the bitcoin days were destroyed is this one:



https://blockchain.info/block/00000000000000048445e1220a78e53de15c74160ffbe4dad0b52099560e045f



About 120,000 btc were moved. There are many transactions in this block in the 4,500-5,000 btc range. I followed the source addresses back in time. The ones I've looked at all trace their heritage to this monstrous transaction from 27 January 2011:



https://blockchain.info/tx/8f8210694d3631a88ff410c573d80caf57db1d8af397bd47687aa4e4c1802464



A single transaction moved 400,000 btc to a single address; this one:



https://blockchain.info/address/1AYtnRppWM7tWQaVLpm7TvcHKrjKxgCRvX



So whoever made the transaction yesterday had 400,000 btc in a single address in 2011. If it isn't Satoshi, who the hell is it?



Note that that 1AY... address had some transactions on 26 November this year; shortly before the ATH on 28 November. A huge whale, perhaps the biggest single holder of btc in existence, is stirring. The question is, why?



EDIT: 400,000 btc in early 2011 was almost 10% of all btc in existence. In a single address. Wow."

and copy and paste"I've done a bit of blockchain exploring.The block in question where all the bitcoin days were destroyed is this one:About 120,000 btc were moved. There are many transactions in this block in the 4,500-5,000 btc range. I followed the source addresses back in time. The ones I've looked at all trace their heritage to this monstrous transaction from 27 January 2011:A single transaction moved 400,000 btc to a single address; this one:So whoever made the transaction yesterday had 400,000 btc in a single address in 2011. If it isn't Satoshi, who the hell is it?Note that that 1AY... address had some transactions on 26 November this year; shortly before the ATH on 28 November. A huge whale, perhaps the biggest single holder of btc in existence, is stirring. The question is, why?EDIT: 400,000 btc in early 2011 was almost 10% of all btc in existence. In a single address. Wow."

Nice research and writeup. This is really interesting, and a bit scary. Nice research and writeup. This is really interesting, and a bit scary.

mgburks77



Offline



Activity: 364

Merit: 250







Sr. MemberActivity: 364Merit: 250 Re: bitcoin bear chart December 22, 2013, 07:10:50 PM #11 Quote A huge whale, perhaps the biggest single holder of btc in existence, is stirring. The question is, why?

Cthulhu rising? Cthulhu rising?

SuperHakka



Offline



Activity: 196

Merit: 100









Full MemberActivity: 196Merit: 100 Re: bitcoin bear chart December 22, 2013, 07:15:12 PM #13 i is getting butterfly feeling in my stomach for some reason 'First they ignore you. Then they laugh at you. Then they attack you. Then you win.' - Mohandas Gandhi

"Whenever I'm about to do something, I think, 'Would an idiot do this?' and if he would, I do not do that thing." - Dwight Schrute

MaxwellsDemon



Offline



Activity: 187

Merit: 109



Converting information into power since 1867







Full MemberActivity: 187Merit: 109Converting information into power since 1867 Re: bitcoin bear chart December 22, 2013, 07:23:29 PM #15 Quote from: jasonjm on December 22, 2013, 07:00:57 PM



"I've done a bit of blockchain exploring.



The block in question where all the bitcoin days were destroyed is this one:



https://blockchain.info/block/00000000000000048445e1220a78e53de15c74160ffbe4dad0b52099560e045f



About 120,000 btc were moved. There are many transactions in this block in the 4,500-5,000 btc range. I followed the source addresses back in time. The ones I've looked at all trace their heritage to this monstrous transaction from 27 January 2011:



https://blockchain.info/tx/8f8210694d3631a88ff410c573d80caf57db1d8af397bd47687aa4e4c1802464



A single transaction moved 400,000 btc to a single address; this one:



https://blockchain.info/address/1AYtnRppWM7tWQaVLpm7TvcHKrjKxgCRvX



So whoever made the transaction yesterday had 400,000 btc in a single address in 2011. If it isn't Satoshi, who the hell is it?



Note that that 1AY... address had some transactions on 26 November this year; shortly before the ATH on 28 November. A huge whale, perhaps the biggest single holder of btc in existence, is stirring. The question is, why?



EDIT: 400,000 btc in early 2011 was almost 10% of all btc in existence. In a single address. Wow."

and copy and paste"I've done a bit of blockchain exploring.The block in question where all the bitcoin days were destroyed is this one:About 120,000 btc were moved. There are many transactions in this block in the 4,500-5,000 btc range. I followed the source addresses back in time. The ones I've looked at all trace their heritage to this monstrous transaction from 27 January 2011:A single transaction moved 400,000 btc to a single address; this one:So whoever made the transaction yesterday had 400,000 btc in a single address in 2011. If it isn't Satoshi, who the hell is it?Note that that 1AY... address had some transactions on 26 November this year; shortly before the ATH on 28 November. A huge whale, perhaps the biggest single holder of btc in existence, is stirring. The question is, why?EDIT: 400,000 btc in early 2011 was almost 10% of all btc in existence. In a single address. Wow."



Wow... You're right, I missed that. ~120k coins, a bit over 1000 days old. And it's pretty clear they were sold, because all the outputs just moved 'as is' to new addresses. No splitting, merging, mixing, or otherwise rearranging. Why would someone do that if not to simply transfer the funds to someone else?



Note that the transactions on Nov. 26 were of negligible quantity; however, if you follow some of the money around, it kinda looks like some of it was sold during 2012. Wow... You're right, I missed that. ~120k coins, a bit over 1000 days old. And it's pretty clear they were sold, because all the outputs just moved 'as is' to new addresses. No splitting, merging, mixing, or otherwise rearranging. Why would someone do that if not to simply transfer the funds to someone else?Note that the transactions on Nov. 26 were of negligible quantity; however, if you follow some of the money around, it kinda looks like some of it was sold during 2012. We're hunting for Leviathan, and Bitcoin is our harpoon.

SuperHakka



Offline



Activity: 196

Merit: 100









Full MemberActivity: 196Merit: 100 Re: bitcoin bear chart December 22, 2013, 07:32:32 PM #16 Quote from: Rampion on December 22, 2013, 07:15:22 PM Old coins moving is a positive sign 99% of the times regardless of short term price action.

positive for who though? one thing is for sure, the fucker who is moving that pile around has been rumbled. he has now a short time to do what he has to do before the markets move against him. strap on yer crash helmets peeps positive for who though? one thing is for sure, the fucker who is moving that pile around has been rumbled. he has now a short time to do what he has to do before the markets move against him. strap on yer crash helmets peeps 'First they ignore you. Then they laugh at you. Then they attack you. Then you win.' - Mohandas Gandhi

"Whenever I'm about to do something, I think, 'Would an idiot do this?' and if he would, I do not do that thing." - Dwight Schrute

knightcoin



Offline



Activity: 238

Merit: 100





Stand on the shoulders of giants







Full MemberActivity: 238Merit: 100Stand on the shoulders of giants Re: bitcoin bear chart December 22, 2013, 07:44:44 PM #17 (actually on that day had a weird lucid dream about it, but with some Casascius coins in the middle ) ...



Anyways just came to my mind another one ...



Jurassic Park T-Rex Breakout

http://www.youtube.com/watch?v=1koa2xAxCAw



as a big Steve Spielberg fan .. I told days ago that we going to need a bigger boat(actually on that day had a weird lucid dream about it, but with some Casascius coins in the middle ) ...Anyways just came to my mind another one ...Jurassic Park T-Rex Breakout http://www.introversion.co.uk/

mit/x11 licence 18.x/16|o|3ffe ::71 mit/x11 licence 18.x/16|o|3ffe ::71

damiano



Offline



Activity: 1246

Merit: 1000





103 days, 21 hours and 10 minutes.







LegendaryActivity: 1246Merit: 1000103 days, 21 hours and 10 minutes. Re: bitcoin bear chart December 22, 2013, 07:45:01 PM #18 It's like a hibernating bear at woke up.



Maybe he got some early insider info.

GeniuSxBoY



Offline



Activity: 616

Merit: 500







Hero MemberActivity: 616Merit: 500 Re: bitcoin bear chart December 22, 2013, 07:46:12 PM #19 I just pulled all my bids. I'm not going to be the sucker stuck with $600 coins. I'd rather play it safe Be humble!