A $400 Million Dollar Bitcoin investor is all the talk with news articles popping up in several financial new sites, all over social media and various chat forums. On the outset this is good in the short term giving Bitcoin as well as the Alt Coins a push up in the markets.
On the flip side of the coin determining the overall goals of the mysterious investor gives pause for thought.
Breaking it down a simple 2% gain equals a 8 million dollar profit, but given the volatility in cryptocurrency trading, there are safer ways to get that kind of return through other trading options.
There is a small very slim chance that this could be a crypto whale planning a historic pump and dump, but again there are much safer ways to get the kind of return that would be expected.
There are several legitimate reasons such a large amount could move from one address to another.
A new exchange could be making themselves ready for launch. ( https://www.altcoin.io comes to mind)
An existing exchange may be thinking of expanding their offerings ( the recent upgrade to Binance comes to mind)
There has been lots of discussion from traditional exchanges in regards to entering the Crypto markets. (Robinhood for example has started offering Crypto options)
Or maybe just maybe Satoshi Nakamoto is back and just wanted to burn off a few coins so we could breach that $10,000 resistance mark once again.
Who knows, my advice mind your own and keep on trac.. HODL what looks good, dump what you need to, buy the dips, and take your profits when you can.
