$160,914,073.39 moved through Bitcoin

[Luke]

So I saw this popup on Reddit, there's someone who's shifted $160,914,073.39 worth of Bitcoin which is a crazy amount, you can see the transaction here. That's a CRAZY amount of money, imagine doing that through the banks, you would raise warning flags everywhere when trying to move that amount of money around.

Shows how useful Bitcoin could be for people doing dodgy business who want to shift cash quickly without having to worry about the banks taking an interest in it. Still an amazing amount of money!

With there being 12 million bitcoin around and this person shifting 194,993 bitcoin they managed to shift 1.62% of the total amount of Bitcoin in circulation in one day haha.

You can go here and see millions of dollars being sent around! 😛

 

[KMRock]

Thats just nuts. Surely drugs money/gambling money.

 

[Twisted Fairytale]

I'd like to see them try to cash all of that out of BTC.

Are there really enough people to buy millions worth of Bit Coin?

 

[Gamer Outpost]

I'd like to see them try to cash all of that out of BTC.

Are there really enough people to buy millions worth of Bit Coin?

It'd definitely take a while to get it all into cash. If I were him I'd really try to cash it out / buy stuff with it asap just in case something happens.

 

[coolframe]

I still think that bitcoin won't last a decade, just like e-Gold before.

 

[Luke]

That $160,914,073.39 is now worth $224,536,389.43 now with the way Bitcoin has gone up this week! Crazy!

 

[Pvcomputers]

Holly Crap. Their could be a bug being exploited or something doesn't look right. If was in charge of bitcoin I am sure that would trigger my alarm bells.