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Anonymous trader buys $400 million in bitcoin
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[quote:RandomS:MV8zNzY3MjM2XzY3NTA1MDkwXzQwRkVBRjgy] [quote:Anonymous Coward 75993659:MV8zNzY3MjM2XzY3NTA1MDAwXzkxM0MxNENC] $400 Mill to a multibillionaire is chump change. [/quote] Of course it is, but having billions and transferring 400 million into an exchange or btc service in order to be able to buy that much BTC.. ouch. If that order would hit one shot it would cause the price to go absolutely wild as they buy all of the open orders (each of which is slightly higher than the other, and is often for less than 1 BTC) - that's like 40,000 BTC - if you observed the order books for btc on an exchange chances are there are not even 40,000 available to buy heh [/quote]
Original Message
In case you still think there's no future in this..
Anonymous trader buys $400 million in bitcoin
Published: Feb 16
Go big or go home. That’s the motto of one mysterious investor who put his chips on the table, buying close to $400 million of the No.1 digital currency, bitcoin.
The purchase comes as cryptocurrencies are making a comeback after a dreadful start to 2018. Major digital currencies lost as much as 50% to start the year as growing regulation and security fears crippled the market, seeing traders bail on their positions. However, the tide has turned
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