Contact Us Privacy Terms. Hackernoon Newsletter curates great stories by real tech professionals Get solid gold sent to your inbox. In other words, the whales bought the freaking dip. Bitcointalk is also a good source to find invite links to slack, telegram and discord channels which also provide a wealth of quality information and direct updates from the developers themselves. Bitcoin whales — investors or firms with at least 1, BTC — bought the crypto market dip with a vengeance in late , possibly spurring the rally. Follow tipsters on twitter.
Diar: Whales Own 1/4 of All BTC – And They’re Buying More
A reason for the recent up-and-down behavior of bitcoin may have been uncovered. The total in question comes to about 77, bitcoins. Whales are individuals that hold mass amounts of a specific cryptocurrency. One would think that if whales are moving mass amounts of money throughout different wallets and accounts, the dips in price would be even larger. The good news is that at press time, this all remains pure speculation. One hypothesis is that the transactions have something to do with the Chinese Ponzi scheme Plus Token. In addition, they each took place within a half hour of each .
Bitcoin Cooling Off
Martin Young Aug 15, The fear, uncertainty and doubt is palpable today on bitcoin markets. Yet still the panic ensues as traders quickly liquidate positions for fears of further losses. But are the whales doing the opposite? The BTC fear index , a measure of fear and greed, has plunged to a low not seen since the depths of crypto winter in Research director at The Block, Larry Cermak, observed that two thirds of Coinbase customers with large BTC holdings have actually been buying over the past 24 hours. The recovery is already in motion, for bitcoin at least.
Diar: Whales Own 1/4 of All BTC – And They’re Buying More
A reason for the recent up-and-down behavior of sstopped may have been uncovered. The total in question comes to about 77, bitcoins. Whales are individuals that hold mass amounts of a specific cryptocurrency. One would think that if whales are moving mass amounts of money throughout different wallets and accounts, the dips in price would be even larger.
The good buykng is that at press time, this all stoopped pure speculation. One hypothesis is that the transactions have something to do with the Chinese Ponzi scheme Plus Token. Bitcoin whales stopped buying dips addition, they each took place within a half hour of each. Whale Alert, a platform that reports on large crypto transactions, took to Twitter to release the following stoppfd.
It is likely that the devs developers moved or unlocked the locked supply of the coin total supply , These transactions bitcoin whales stopped buying dips follow another large one that took place earlier in the week.
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Now those bitcoin whales are cooling things off by cashing in on some of their profits. Cryptocurrencies on small exchanges getting added onto larger and more popular exchanges increases user adoption Pump and dump groups, usually with really small and shady cryptocurrencies which are easier to manipulate. BlockEx Nov Source: Shutterstock. Now it seems they are cashing in on some of their fortunes as the buying momentum stops dead in its tracks. Ideally sopped want to invest into a cryptocurrency when it is nice and cheap, then sell it after the price has risen substantially.
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