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[AudraMiller]

When dealing with a decentralized coin as we see in cryptocurrency, we have to make sure that we are aware of massive sales and buys in a coin as this can drastically impact the market. In a recent article published today, there was a withdrawal of over 12000 bitcoin from coinbase in just one hour. This is a massive move and could show impending usage or holding for the long term. Which of these two do you think is more likely?

 

[Wisdom01]

It might be that whales might be moving to a hardware wallet , or they are planning a sell off on a different exchange platform. Those two can cause it

 

[btcmaker]

It might be that whales might be moving to a hardware wallet , or they are planning a sell off on a different exchange platform. Those two can cause it

yes you are right. they make bitcoin value up and earn a lot profit and they use this trick too to sell bitcoin in big profit.

 

[AudraMiller]

It might be that whales might be moving to a hardware wallet , or they are planning a sell off on a different exchange platform. Those two can cause it

The second one is a good option as well. there are various price differences between the exchanges and this can be a good way to profit when you are trading in high quantities. Small differences equate to huge profits when trading in large volumes.

 

[Wisdom01]

The second one is a good option as well. there are various price differences between the exchanges and this can be a good way to profit when you are trading in high quantities. Small differences equate to huge profits when trading in large volumes.

Yeah but the person would still be at loss considering the amount of fees,He would use to send the bitcoin to another bitcoin wallet account

 

[leithy]

This is called arbitrage. The idea sounds good but unless high volume is exchanged, which would be the case with whales, then exchange and transfer fees would be higher than the profit.