Richest BTC addresses can easily create whale alerts everyday

Marc

New member
People that have addresses that hold more than 50.000BTC could easily send thousands of bitcoins to other owned-by-them addresses everyday. Wouldn't this affect the bitcoin price?
 

Niko

Member
People that have addresses that hold more than 50.000BTC could easily send thousands of bitcoins to other owned-by-them addresses everyday. Wouldn't this affect the bitcoin price?
A lot of these addresses (if not all) are controlled by exchanges and not individuals: https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

Also, If you check this whale alert bot, you can see that millions of dollars are regulary being transfered, and that's not really affecting the price that much.
 

Mauricio

Member
We have been through this from the last 10 years thousands of times or millions of times? But yet Bitcoin market price is 9,415 so where is the affect or to be exactly the massive effect. Nothing is going to happen to bitcoin price except the increased demand.
 

Kellan

Member
This would if it was single entity other than a service. In addition, if someone sends BTC to an exchange, that would have some affect. Sending BTC to themselves wouldn't create much affect once identified. On the other hand, they are whale, they have more works to do than playing sending sending game.
 

Arturo

New member
Maybe it would move the price by a few dollars if there are bots that are monitoring these whale alerts or traders who do so, but generally most people understand that it isn't reliable, just because coins are moved doesn't mean they will be dumped, and because it can be potentially used to manipulate the market on a small scale, traders are even less inclined to pay attention to them.
 

Gustavo

Member
Wouldn't this affect the bitcoin price?
It would affect the price if these bitcoins would be sent to exchanges. I don't know how many times I've read articles claiming the price drop was due to large deposits of bitcoins from a single address to exchange X. Some people speculate and panic over events/news like this so they sell.
 

Jamari

Member
Do you base your decisions on whale alerts? Would you ever sell your coins if you saw 100 thousand Bitcoins move one day?

How does one even trade by looking at whale alerts?

You see coins move from one address to another, what does it mean to you? That he's willing to sell? Maybe he struck a deal and is paying for something or moving money to a different wallet. Maybe he bought a hardware wallet and is moving coins there?
 

Elian

New member
People that have addresses that hold more than 50.000BTC could easily send thousands of bitcoins to other owned-by-them addresses everyday. Wouldn't this affect the bitcoin price?
You can move the bitcoins from one address to another and this has no effect on bitcoin price. The only thing is if the bitcoins are moved to the exchanges, then there is a chance that the whale may sell the bitcoin and the price of bitcoin may fall.
 

Marvin

Member
No this won't effect the price. Because you can move your Bitcoin from one address to another address it has nothing to do with the market. But if you do the same thing but you send all your bitcoins to exchanger than it will surely effect the market. But it has a very small chance that whale will sell all their bitcoin only on your one move to exchanger.
 

Jerry

Member
This actually happens everyday or almost everyday. Most of whales aren't people. Why are whale alerts important? If you see someone transferring a large amount of Bitcoin from their wallet to an exchange, what do you think they are planning to do? In most cases, it’s sell. Conversely, if you see them transferring a large amount of Bitcoin off of an exchange or between wallets, you can know with some certainty that they aren’t planning on liquidating their assets any time soon.
 

Izaiah

Member
People that have addresses that hold more than 50.000BTC could easily send thousands of bitcoins to other owned-by-them addresses everyday. Wouldn't this affect the bitcoin price?
It won't unless there will be FUD surrounding this moved, but after that market will resume as normal. We have seen this many times before, big movement, media trying to create a stir, noobs bite on the news, get nervous and panic sell their Bitcoins.

But after a couple of days, the market understand what really happen, buy Bitcoin again. So if you ever get a chance to see big movements, just stay calm, no need to push that sell button.
 

Ahmad

New member
See as long as they are not going to go and sell those Bitcoins they aren't influencing the price actually.
But if they are sending so much coins then the news will read :
A Whale Just Pumped in 10000$ worth BTC or something like that
Newbies and other people who are new here would run and buy the Bitcoins . Which should have changed the price for sure .
Over the Past years we have seen so many whale alerts, once in a while that we should realize that it's better to ignore them .
There is even a site regarding this ! !
https://whale-alert.io/
Not only that you can filter those things on Twitter too !

This is just hyping the newbies up for spending their money in the cryptocurrencies, even if 10,000 people use 100$ to buy cryptocurrencies , they collectively will be a whale themselves and THUS , those Whales can encash and crash the price and then buy again .

Market manipulation .

Good thing taxation saves them from doing so ...
 

Justice

New member
A lot of these addresses (if not all) are controlled by exchanges and not individuals: https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

Also, If you check this whale alertbot, you can see that millions of dollars are regulary being transfered, and that's not really affecting the price that much.
Yes, whale alert tracks every large movement of btc's across, initially majority thinks this is a good idea to see how whales are moving their stash. But later on, it is being use to create FUD as well. When we see large btc's being move, our reaction will be negative so if can cause some drop in price. But if they are not selling it, then why should be bother by those shifts?
 

Roy

New member
People that have addresses that hold more than 50.000BTC could easily send thousands of bitcoins to other owned-by-them addresses everyday. Wouldn't this affect the bitcoin price?
This thing that have been doing by the whales are there many years ago.
There is no effect on this but if they will do it at once where they will sell all of their Bitcoins then it can affect its price immediately. Transferring of Bitcoin "ONLY" doesn't have any effect to its price but if they will sell it then it can affect and vice versa.
 

Callen

New member
People that have addresses that hold more than 50.000BTC could easily send thousands of bitcoins to other owned-by-them addresses everyday. Wouldn't this affect the bitcoin price?
Could trigger actually sometime on market price. But like a typical event, some are just transferring their fund on exchanges or some other wallets they have.

I also noticed that some got scared or nervous when a message from whale alert bot got some huge transaction, but we cant say they are selling or buying because of funds movement. A normal investor with huge fund can also decide to move his fund to whereever he wants right? Dont be nervous anytime this will occur cause thats normal.
 

Edison

Member
People that have addresses that hold more than 50.000BTC could easily send thousands of bitcoins to other owned-by-them addresses everyday. Wouldn't this affect the bitcoin price?
Nah, lots of money are being transferred everyday from one address to another and they are usually in millions. I once saw someone post an alert of a huge amount of money being moved to a different few addresses and when he posted it here as a whale alert, some people dig into it and said it wasn’t any whale alert, but was just an exchange that is moving that money. So, it happens all the time, until those are experts in identifying it does so, there is really no need calling it a whale alert. If you make use of bots you might keep getting wrong alerts through out the day lol.

Obviously big amount of bitcoins affect market prices but they do not necessarily come from one single address which means following whales may not get you accurate information on market fluctuations but following whales and old addresses possibly help you to assume about market trends as those address holder may get news earlier than us.
 

Mathew

New member
for me, it doesn't make any affect to bitcoin price,except he send it to exchange address , and mostly "whale alert" know which private address or exchange address , and also even though the whale send his btc to market ,it doesn't mean he will sell it .
 

Ayaan

New member
I remember that we already made a discussion about this case before. The richest Bitcoin wallet address(which is already listed) usually belong to the famous and rich exchanges such as BixMex and Binance. Also I guess they have some secret wallet address to help them with price manipulation and the stuff like WhaleAlert will help them to easily add more liquidity by the fomo they make between traders.
 

Braden

Member
for me, it doesn't make any affect to bitcoin price,except he send it to exchange address , and mostly "whale alert" know which private address or exchange address , and also even though the whale send his btc to market ,it doesn't mean he will sell it .
yes indeed he does not necessarily sell it but the panic of someone who makes the price of a dump, because someone would think the whale will sell immediately. we don't know for sure why the pope can send large amounts of bitcoin to the exchange
 

Isaias

New member
Nope, I don't see movements from these wallets as some kind of good indication on where the prices are headed since they just basically show up as normal transaction, however if we see this addresses are accumulating Bitcoin in a way that it shows that they are only ingoing transactions and no outgoing transactions from that address this can be a good sign that the whale is accumulating Bitcoin but also this information can also be manipulated by the whale itself and has been done in the past.
 
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