Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: sirty143 on August 07, 2020, 03:27:19 PM

Title: Someone Transferred a Billion Dollars in Bitcoin for Less Than $5
Post by: sirty143 on August 07, 2020, 03:27:19 PM
Someone Transferred a Billion Dollars in Bitcoin for Less Than $5

(https://i.imgur.com/UxmvNe7l.jpg)

According to information provided by the crypto Twitter account, Whale Alert, 92,857 BTC ($1,092,603,640) were sent from an unknown wallet for a fee just of $4... See more for yourself here (https://cointelegraph.com/news/someone-transferred-a-billion-dollars-in-bitcoin-for-less-than-5).

Your opinion is greatly appreciated.
Title: Re: Someone Transferred a Billion Dollars in Bitcoin for Less Than $5
Post by: Senin on August 07, 2020, 08:56:43 PM
I am most interested in the question of where and for what purpose such large amounts of money in bitcoins move. Isn't anyone going to sell these bitcoins while their price has risen decently to lock in their profits? At the same time, the price of bitcoin should fall decently, even if it is for a short time. This could stop the current growth rate of the cryptocurrency market.
Title: Re: Someone Transferred a Billion Dollars in Bitcoin for Less Than $5
Post by: Gurujebs on August 08, 2020, 10:55:23 AM
Quote from: Senin on August 07, 2020, 08:56:43 PM
I am most interested in the question of where and for what purpose such large amounts of money in bitcoins move. Isn't anyone going to sell these bitcoins while their price has risen decently to lock in their profits? At the same time, the price of bitcoin should fall decently, even if it is for a short time. This could stop the current growth rate of the cryptocurrency market.
These guys are the main player of BTC. They know there's demand and they don't want to sell now.
Title: Re: Someone Transferred a Billion Dollars in Bitcoin for Less Than $5
Post by: syedrasool2011 on August 08, 2020, 12:52:59 PM
Exactly, I agree! stock market seems overvalued. The protesting is going to hinder reopening and be a catalyst for the spread of the virus. Timing the market is extremely difficult if even possible. Crypto investment right now will be at every wise individual's list. In two to three years you'll be ecstatic with the decision you made today.
Title: Re: Someone Transferred a Billion Dollars in Bitcoin for Less Than $5
Post by: comer on August 08, 2020, 02:38:27 PM
the whales are moving on this moment that the prices of coins in the market place in incredibly in upward trend. I think whoever did such act has a hidden agenda to influence the market movement. hopefully, it was not done for the purpose of pulling the price of btc. We should really on the watch in the coming days so we will not be a victim of a sudden drop of price.
Title: Re: Someone Transferred a Billion Dollars in Bitcoin for Less Than $5
Post by: Gubre on August 24, 2020, 11:50:38 PM
This is one of the most amazing news I've ever heard in bitcoin so far.  I mean who will think that in just small amount there is someone who can make a transaction for such big fund. 
Title: Re: Someone Transferred a Billion Dollars in Bitcoin for Less Than $5
Post by: UNIVERSE on August 24, 2020, 11:59:35 PM
Seriously, what [ercentage is it? So far BTC fee is well known as a high transaction fee. However,. currently, the most booing thing is about the gas fee from eth platfrom. If it is true, it may be because of the high increase of the lightening netwprk and also other wallet types that may have certain small fees. but, does it really make sense?
Title: Re: Someone Transferred a Billion Dollars in Bitcoin for Less Than $5
Post by: wahyudi on August 25, 2020, 01:20:12 PM
worth more than 50 billion US dollars or the equivalent of approximately Rp. 739.2 trillion (exchange rate of Rp. 14? 785 per US dollar) moved from China's digital wallets to other countries last year.

 This suggests Chinese investors are transferring more money than is allowed abroad.

 Launching CNBC, Sunday (23/8/2020), the rules that apply in China regarding the purchase of foreign currency, are limited to 50,000 US dollars a year in financial institutions.
Title: Re: Someone Transferred a Billion Dollars in Bitcoin for Less Than $5
Post by: JokerM on August 30, 2020, 12:40:06 AM
it's fine! let as many people as possible learn about the possibilities of bitcoin and its benefits
Title: Re: Someone Transferred a Billion Dollars in Bitcoin for Less Than $5
Post by: Gurujebs on August 31, 2020, 04:07:04 PM
Quote from: sirty143 on August 07, 2020, 03:27:19 PM
Someone Transferred a Billion Dollars in Bitcoin for Less Than $5

(https://i.imgur.com/UxmvNe7l.jpg)

According to information provided by the crypto Twitter account, Whale Alert, 92,857 BTC ($1,092,603,640) were sent from an unknown wallet for a fee just of $4... See more for yourself here (https://cointelegraph.com/news/someone-transferred-a-billion-dollars-in-bitcoin-for-less-than-5).

Your opinion is greatly appreciated.
As long as innovation and creativity exist, new technologies will come forward to make life easier for everyone.
Bitcoin is disrupting the financial sector as a form of digital asset which government must find a way to finally approve it a store of value with caution.
Title: Re: Someone Transferred a Billion Dollars in Bitcoin for Less Than $5
Post by: ayatoslaw on September 01, 2020, 03:37:42 AM
Quote from: UNIVERSE on August 24, 2020, 11:59:35 PM
Seriously, what [ercentage is it? So far BTC fee is well known as a high transaction fee. However,. currently, the most booing thing is about the gas fee from eth platfrom. If it is true, it may be because of the high increase of the lightening netwprk and also other wallet types that may have certain small fees. but, does it really make sense?
Bitcoin fees are actually very cheap under 1 usd, you can try using a Blockchain wallet, when compared to other wallets, blockchain wallets are safer and also have low costs,
if you try to transfer about 92k bitcoins it probably won't be more than 5 usd,
Title: Re: Someone Transferred a Billion Dollars in Bitcoin for Less Than $5
Post by: FOPL on September 02, 2020, 08:50:15 AM
These are some of the benefits of crypto making it superior to traditional payment options. This will go a long way to accelerate mass adoption as it cost lower to transact with cryptocurrencies. It's more convinient and fast to make payment in crypto. This has caused projects like NOWPayments (https://nowpayments.io/?utm_source=xqanxxx&utm_medium=ambassador&utm_campaign=np) to leverage on these attributes of crypto into global payment system. With their platform, merchants can start accepting crypto payments with instant settlement. Customers are also going to make payment at a very lower fees looking at the fact that cryptos like XRP, Algo, BNB have minuscule fees.
Title: Re: Someone Transferred a Billion Dollars in Bitcoin for Less Than $5
Post by: Tanimariya on September 02, 2020, 11:52:48 AM
Bitcoin tend to be upward. Again, the price of Bitcoin is on a downward trend. I do not know where the source of these bitcoins? The price of bitcoin should be reduced at least a little bit in the market. There must be the presence of Bitcoin so that people can think. Why everyone thinks of price increases. I certainly believe there is a need for time for upward prices. However, if this price falls, it will affect the movement in the market.
Title: Re: Someone Transferred a Billion Dollars in Bitcoin for Less Than $5
Post by: Ten Ryuu on September 02, 2020, 03:44:44 PM
Bitcoin is sure best with huge amount transfer since the transaction fee is not based on the amount but rather on the weight of the transaction.  Often times accumulated dust transaction pays higher tx fee than a normal huge amount transaction.
Title: Re: Someone Transferred a Billion Dollars in Bitcoin for Less Than $5
Post by: sirty143 on September 02, 2020, 04:03:08 PM
Quote from: Gubre on August 24, 2020, 11:50:38 PM
This is one of the most amazing news I've ever heard in bitcoin so far.  I mean who will think that in just small amount there is someone who can make a transaction for such big fund.

That's the beauty of Crypto - faster and cheaper!
Title: Re: Someone Transferred a Billion Dollars in Bitcoin for Less Than $5
Post by: mlawson71 on September 02, 2020, 05:09:52 PM
People have been using cryptos to transfer large sums for a while now. Chinese citizens, despite the ban in China, have transferred nearly $50 billion (https://theforexreview.com/2020/08/21/china-traders-transfer-50-billion-in-crypto-last-year/) for the past year out pf the country using cryptos. It's impressive.
Title: Re: Someone Transferred a Billion Dollars in Bitcoin for Less Than $5
Post by: Babbar Baswa on September 04, 2020, 01:08:32 AM
Sure FATF will be looking into it. People/ Companies doing such Huge transfers make Governments suspicious about origins and end use of Crypto-Currency, Which in turn is limiting number of people using them
Title: Re: Someone Transferred a Billion Dollars in Bitcoin for Less Than $5
Post by: ayatoslaw on September 04, 2020, 02:13:56 AM
Quote from: mlawson71 on September 02, 2020, 05:09:52 PM
People have been using cryptos to transfer large sums for a while now. Chinese citizens, despite the ban in China, have transferred nearly $50 billion (https://theforexreview.com/2020/08/21/china-traders-transfer-50-billion-in-crypto-last-year/) for the past year out pf the country using cryptos. It's impressive.
Even though the state prohibits cryptocurrency, sooner or later those who understand cryptocurrency will use it, because the speed and transaction fees are very concerned, especially sending large amounts of money.
it is only a matter of time for the big countries to use cryptocurrency as a means of payment.
Title: Re: Someone Transferred a Billion Dollars in Bitcoin for Less Than $5
Post by: aiviaa485 on September 05, 2020, 08:33:24 PM
I think this transaction fee is the result of the Bitcoin miner's mistake and it usually ends up being charged again with a real fee for each Bitcoin transaction.
But this fee is fixed so I think it is an advantage for the owner of the Bitcoin and this is something extraordinary.

This is a shock to the owner of tens of thousands of Bitcoin and this is the case of Bitcoin transactions that I just heard from the cryptocurrency market.
Title: Re: Someone Transferred a Billion Dollars in Bitcoin for Less Than $5
Post by: TERMINO on September 09, 2020, 01:34:13 PM
Quote from: JokerM on August 30, 2020, 12:40:06 AM
it's fine! let as many people as possible learn about the possibilities of bitcoin and its benefits
Not fine. Recently, cryptocurrency enthusiast suffered from high gas fee in ethereum even in small amount to transact. In terms of Bitcoin, there is an equivalent payment for every transaction depends in how many Bitcoin you transfer. What was happened seems related to Bitcoin manipulators.
Title: Re: Someone Transferred a Billion Dollars in Bitcoin for Less Than $5
Post by: Salman Hasan on September 15, 2020, 08:43:03 AM
Exactly, I agree! stock market seems overvalued. The protesting is going to hinder reopening and be a catalyst for the spread of the virus. Timing the market is extremely difficult if even possible. Crypto investment right now will be at every wise individual's list. In two to three years you'll be ecstatic with the decision you made today.