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
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.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.
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.
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?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.
This thing that have been doing by the whales are there many years ago.
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.
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.
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 exchangefor 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 .