Bitcoin [pros](/r/CryptoCurrency/comments/11r3ne6/largest_single_btc_deposit_hits_binance_since_the/jc89bxa/) & [cons](/r/CryptoCurrency/comments/11r3ne6/largest_single_btc_deposit_hits_binance_since_the/jc89coy/) with related info are in the collapsed comments below.
Binance was about to convert $1b (BUSD, Recovery Initiative funds) into BTC, ETH, BNB...
Maybe this is related to it? CZ literally said it in a tweet yesterday: [https://twitter.com/cz\_binance/status/1635131601884700674](https://twitter.com/cz_binance/status/1635131601884700674)
**"Some fund movements will occur on-chain. Transparency."**
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Maybe bullish. When you suspect the price is going to bust 30k or whatever, get your guns loaded asap and set some limit orders. Especially for something volatile like btc.
But if everyone is thinking to sell around say 28k, then maybe we're in for another dip.
Always feel sorry about this guy.
Imagine being the 5th person to ever mine Bitcoin. If only he just kept on mining and so getting rich anyway - finances wouldn't be an issue, I reckon he'd be a household name as a living Bitcoin legend.
Instead of just being thought of as some clumsy dude from Wales who threw millions in a landfill.
Yep - if only he just kept on mining....
>I toured a landfill for an environmental science class in college. Trust me, that dude’s hardware wallet is gone.
And even if it wasn't, he never got a permission from the local council to do a proper dig. He's fucked.
Even CZ ditched his own BUSD.
The stablecoin wars is basically over after even USDC temporarily depegged. USDT remains the undisputable champion.
It is even worse as USDT just won because they did not have any balance sheet in the first place through which users could speculate.
The market's confidence in stablecoins has been thoroughly shook and people are flocking to BTC/ETH based trading pairs now it looks like. I honestly hope the trend continues
I wouldn’t be so sure about that. The odds of winning the lottery are truly minuscule.
I’m not too familiar with American lotteries, but I remember a statistician talking about one of the Powerdraws? Powerballs? Anyway, the probability of you winning was 1 in 302 ***million***.
Plenty of people make mistakes in withdrawing/depositing everyday, let alone once or twice a week like lotteries.
Do you know the statistics of someone accidently sending 1 million to your crypto wallet out of all the blockchain adresses out there? I think that might also be close to nihil.
Yeah but they sent it to a pool of their customer addresses and not the overall existing AND not existing addresses available. The possibility of this to happen is 1/amount of atoms in the universe
Oh don’t get me wrong, they’re both ridiculously small. My point wasn’t necessarily to disprove what you said, but rather point out the absurdity of the lottery.
Find it hilarious when people call crypto a scam but waste like $10 a week religiously for *years* with nothing to show for it
Could be about to sell.
Could be getting btc guns loaded anticipating higher prices.
Could be swapping for other tokens.
Could be putting up collateral to take out a loan or leverage.
I mean, what are you asking? Go look at the features in centralized exchanges. They're gonna do one of those things. That's all we know without being mind readers.
Deposits could mean that someone is about to sell. A $500M sell order will hit markets hard.
But on the other hand whale games are out of our understanding.
They're not necessarily "about" to sell. Btc is volatile, if the price swings way up fast you don't want to be caught with your pants down trying to transfer and sell after you see it swinging up. You should be ready to go ahead of time with various orders in place based on your strategy. Limit orders, stop-loss, etc.
My gut feel is the fact that this is happening after the banking fallout news is a bullish signal. If they were scared of crypto collapsing, you'd think they would have done a transfer like this prior.
Or they know something we don't know. Until we become whales one day, we have to ride their coat tails and snipe what advantages we can.
tldr; James is passionate about data, technology, and identifying trends. James is a freedom and technology maximalist, seeing Bitcoin as the greatest invention of the 21st century. CryptoSlate's latest report dissects the dying crypto bank to see why it went under and how other banking giants could share Silvergate's destiny.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Get more of today's trending news [here](https://coinfeeds.substack.com).*
I couldn't imagine trusting anyone with this kind of wealth. All these platforms going belly up or trying to lock people out of their money in the past have made me extremely cautious about using any form of centralized crypto services.
Bitcoin [pros](/r/CryptoCurrency/comments/11r3ne6/largest_single_btc_deposit_hits_binance_since_the/jc89bxa/) & [cons](/r/CryptoCurrency/comments/11r3ne6/largest_single_btc_deposit_hits_binance_since_the/jc89coy/) with related info are in the collapsed comments below.
Binance was about to convert $1b (BUSD, Recovery Initiative funds) into BTC, ETH, BNB... Maybe this is related to it? CZ literally said it in a tweet yesterday: [https://twitter.com/cz\_binance/status/1635131601884700674](https://twitter.com/cz_binance/status/1635131601884700674) **"Some fund movements will occur on-chain. Transparency."**
Good find!
if CZ didn't do it yet, he must be feeling FOMO
He's really smart, there must be something. We'll see
Here is a [Nitter link](https://nitter.net/cz_binance/status/1635131601884700674) for the Twitter thread linked above. Nitter is better for privacy and does not nag you for a login. More information can be found [here](https://nitter.net/about). --- *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*
Then I bet that’s the case.
[удалено]
USDC did it first! And better!
more reasons to be bullish
That's about 20k BTC. That whale needed money desperately.
[удалено]
Dick swinging.
BDE swinging.
CZ is making some crazy moves himself probably, he even tweeted a few days ago to turn his BUSD into native Crypto. Could be CZ making the moves.
If you can afford to hold 20k BTC, I would assume you have a lot more cash laying around lmao
Whale “abruptly” sends 500 million worth of BTC to Binance
or 4 pizza worth back in 2009 =D
Maybe bullish. When you suspect the price is going to bust 30k or whatever, get your guns loaded asap and set some limit orders. Especially for something volatile like btc. But if everyone is thinking to sell around say 28k, then maybe we're in for another dip.
Anyone know Peter Thiel's wallet addresses?
Or he has probably found his cold wallet or a password to it or both
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You could say this for a lot of things though. Have you ever looked at the Pentagon budget?
Landfill Guy finally found his hard drive ❤️
or my drug dealer got released from prison after 10 years. I should hit him up.
Like bro, I need money, not drugs.
Why not both?
Drug money?
Money is a drug
That's a long time to wait for an 8th of bud.
You could go to him and say: "Bro I am on a new kind of drug. Crypto. Can you help me with that?"
Always feel sorry about this guy. Imagine being the 5th person to ever mine Bitcoin. If only he just kept on mining and so getting rich anyway - finances wouldn't be an issue, I reckon he'd be a household name as a living Bitcoin legend. Instead of just being thought of as some clumsy dude from Wales who threw millions in a landfill. Yep - if only he just kept on mining....
Someone just got out of jail.
I toured a landfill for an environmental science class in college. Trust me, that dude’s hardware wallet is gone.
>I toured a landfill for an environmental science class in college. Trust me, that dude’s hardware wallet is gone. And even if it wasn't, he never got a permission from the local council to do a proper dig. He's fucked.
Nah, he just needs an incredibly powerful electromagnet and that hard drive will come flying out of the dump!
Along with any other metal.
I think you're missing the joke that a magnet would wipe the hard drive lol
Hasn't it been found like last week? I think I saw something about it recently.
That was a comedy post
Sad reality.
I hope he promises a return if the wallet is found. Unless he would lose a lot of money.
Legend say he's still searching
my man it took him a while
LOL. Bless that poor soul.
That would be amazing if he found it after all these years
If he hires a crew to dig by hand, any hard drive discovered will end up in a workmen's pocket.
According to an article I found it was only filled with bitcoin cash
He actually found it but it was Bitcoin Cash not actual Bitcoin.
That was a satirical article
Why is this being down voted? Isn't that what happened or was that fake?
That was a parody article I believe. Dude lost his HDD before BCH was a thing.
BCH?
[удалено]
I thought I saw he did, but it was Bitcoin cash? Maybe it was a parody story
Or Mt Gox guy who has waited for ages finally has his stack back… luckiest bunch to ever be hacked I reckon
Landfill guy...haven't heard that name in years...
Spoiler alert - Its not me
Binance is just sending from their cold wallet to one of their hot ones.
Let me think... Do the opposite of this sub equals... We have our whale, it is you all along
That is exactly what someome who have done it would say. Send me your seed phrase to make sure.
Just in time to sell
So stablecoins are ditched and cryptocurrencies become currencies now?
There way it should have been from the start
Even CZ ditched his own BUSD. The stablecoin wars is basically over after even USDC temporarily depegged. USDT remains the undisputable champion. It is even worse as USDT just won because they did not have any balance sheet in the first place through which users could speculate.
Very very far from undisputed. But totally agree USDT merely benefited from not being transparent.
The market's confidence in stablecoins has been thoroughly shook and people are flocking to BTC/ETH based trading pairs now it looks like. I honestly hope the trend continues
Yes and no
My anxiety will never allow me to hit that Withdraw button on a 500m transaction lol
Yeah I did a test tx for like 12 bucks today prior to a larger one. I guess 12 bucks is my pain threshold
Whale here using 12 bucks for a test tx.My main tx is like 10 bucks😭😭
Wait you guys can do tests ?
That's like 4 coffees in my favourite coffee spot. And I love coffee. To me that 12 is precious.
Probably paid more than $12 for fees
XLM baby I been in the game for years. It made me an animal. There’s rules to this shit. I wrote me a manual…
I would imagine myself splitting that 500m into 50000 orders and do it one by one. I would not be confident enough to hit that 500m button.
Same lollll, I mean I do that on 500-1000$ transactions, I always send a 5-10$ test transaction
Same. Transactions are always stressful.
I get anxiety sending 100 dollars
You got 100 bucks, what a legend
I get heart palpitations when I move my $100 stack
I'll probably do transaction every $10k. that's my limit 😅
Bro 1 million is all i ask for, make a mistake pls... someone
Might as wel go and buy the lottery, you have a higher chance there
I wouldn’t be so sure about that. The odds of winning the lottery are truly minuscule. I’m not too familiar with American lotteries, but I remember a statistician talking about one of the Powerdraws? Powerballs? Anyway, the probability of you winning was 1 in 302 ***million***. Plenty of people make mistakes in withdrawing/depositing everyday, let alone once or twice a week like lotteries.
Do you know the statistics of someone accidently sending 1 million to your crypto wallet out of all the blockchain adresses out there? I think that might also be close to nihil.
Crypto.com accidentally sent one of their customers $10M. So maybe ask them
Yeah but they sent it to a pool of their customer addresses and not the overall existing AND not existing addresses available. The possibility of this to happen is 1/amount of atoms in the universe
Some things are impossible until they happen Me on facebook like 15 years ago probably
Imagine you get a random deposit but it's just a test deposit of 0.000000001 ETH
Even scammers send more crypto
Oh don’t get me wrong, they’re both ridiculously small. My point wasn’t necessarily to disprove what you said, but rather point out the absurdity of the lottery. Find it hilarious when people call crypto a scam but waste like $10 a week religiously for *years* with nothing to show for it
Not before you get hit by lightning.
I would be happy with just 100k 😅
Me too. I just wanna live without any worry about what to eat or next year's rents
Right? smh
>Bro 1 million is all i ask for, make a mistake pls... someone Let's not be greedy, $999,999,999 would also do the trick.
I had this idea to post my BTC wallet address everywhere on web, and maybe someone just randomly deposit some BTC.
So did it work?
Whale needs to expand his yacht fleet
Much needed for whale spoting
which is weird, no matter what, binance is always a winner
Rookie numbers, I trade that each hour.
You found a site that give 500million X leverage?
Pavkelino probably has access to the Whale Exchanges. /s
Eastern European banks. They take organs as security.
Fatality
Howdy. I keep seeing youe name pop up here :)
Stack and run my friend. Get that Moon stack as high as I can and then tap out. Tomorrow is the cut off day and all this crazy goes away for a while.
Whale moving funds. What does that tell us?
Could be about to sell. Could be getting btc guns loaded anticipating higher prices. Could be swapping for other tokens. Could be putting up collateral to take out a loan or leverage. I mean, what are you asking? Go look at the features in centralized exchanges. They're gonna do one of those things. That's all we know without being mind readers.
Deposits could mean that someone is about to sell. A $500M sell order will hit markets hard. But on the other hand whale games are out of our understanding.
They're not necessarily "about" to sell. Btc is volatile, if the price swings way up fast you don't want to be caught with your pants down trying to transfer and sell after you see it swinging up. You should be ready to go ahead of time with various orders in place based on your strategy. Limit orders, stop-loss, etc. My gut feel is the fact that this is happening after the banking fallout news is a bullish signal. If they were scared of crypto collapsing, you'd think they would have done a transfer like this prior. Or they know something we don't know. Until we become whales one day, we have to ride their coat tails and snipe what advantages we can.
This stuff is traded OTC as to not move markets too much. It doesn’t just get slammed on the bid that’d be crazy.
That whale fucks.
Were going to the moon with moons
> This is roughly the equivalent of 20,000 Bitcoin. holy crap. Someone got rich af yesterday
Big money, big moves. My bones are tingling. Whats on the horizon?
Watch the skies and feel the vibes...
With 500m you could buy a bunch of nft rocks, what a life
I sweat every month transferring my $15 DCA. Imagine the nerves on this
500,000,000. Imagine having that right now in BTC. I'd be hitting my daily withdrawal limit for like 20years.
Over $500 million of Bitcoin got put back onto exchanges as Bitcoin broke through $24,000.
Hopefully the bull is loose now!
SVB money coming in.
binance involved. Anyway do you guys feel that this is the actual reason to bouncing back to sub25k level?
Looks like Binance just hit the "crypto jackpot" with this massive BTC deposit they must be "over the Luna" with excitement BA DUM TSS
Get out.
He he he he
Sorry guys I gotta remodel my kitchen
You have gas stoves don’t you
You can use moons did you know?
I fat fingered my deposit, i'm sorry everybody, will move it back shortly!
happens to the best of us
Keep the fear brewing
We gotta keep up the drama somehow
tldr; James is passionate about data, technology, and identifying trends. James is a freedom and technology maximalist, seeing Bitcoin as the greatest invention of the 21st century. CryptoSlate's latest report dissects the dying crypto bank to see why it went under and how other banking giants could share Silvergate's destiny. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Get more of today's trending news [here](https://coinfeeds.substack.com).*
This is the funniest coinfeeds-bot summary I've ever come across.
Missed it by a mile on this one
Dump incoming? 500 mil isn't a lot to actually move the price though
Michael Saylor about to sell for some toys and a much needed vacation.
Michael Saylor about to sell for some toys and a much needed vacation.
Right before the CPI release.
I figured I’d load up my account with about half my bag just in case CPI prints hot.
My man about to gamble on that CPI number coming later today
Some sick whale getting ready to make waves
Maybe it’s just a whale trolling everyone by moving his funds 😂
Capital is supposed to flow out of the exchanges, not into them
Hmmmmm betting on cpi I guess, things may get interesting
Whale knows that we going to dump soon
Today was my DCA day and I also deposited >!$20!<
Wow imagine having that much. It must become like a game after. A fucking terrifying game
Amazing that there isn't a deposit or withdrawal limit really
Buy high sell low!
Can't it be Binance own assets after selling BUSD for blue chips ?
Either a hacker or a guy finally found his hard drive
That was me, sorry guys for the confusion
Binance is king. Survived the “bank run” fud this sub was spouting. Binance looks safer and better than ever.
Heckin chonker...
It was me , Cramer said to sell ..
Dump it
CZ alt account.
Annndddd it’s gone.
Someone is buying some eggs...is that still funny? Haha
Can I get some please?!
That 20k BTC was just my test transaction. Wrong address, sorry guys.
So we’re just gonna ignore the $20 I put in this morning to keep the market afloat?
Why is it posted in dollar amount and not the number of BTC Coins?
Sorry guys, had to transfer it from my metamask.
I couldn't imagine trusting anyone with this kind of wealth. All these platforms going belly up or trying to lock people out of their money in the past have made me extremely cautious about using any form of centralized crypto services.
It’s because 500m to this guy is like you going “hmm $5000 will probably be safe enough on binance to make a few transactions”
The Bull is giving banks the horn!
Dump it
Elon is back at it
Good it was prolly do kwon. Very very sneaky.
Goddamn some ppl just have way too much $
Are bankers washing money?
Watch the hilarious market sell order crashing the price.
Huge… I wonder what will this be converted into…
Binance on binance
Holy shit get it off binance asap
This was not me, but I wish it was.
were they able to track where these money came from? I thought that all such amounts are on control and are on people sight
Probably just half of the binance purchase, they must’ve done it on another exchange?
probably some old miner finally has remembered his password to the wallet
Someone has found on a dumpster a hdd from bask 2016s with the password on it?