1000 BTC moved after 10 years - page 2.

Twinkledoe

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Quote from: slapper on November 08, 2020, 10:55:47 PM

Quote from: Oshosondy on November 08, 2020, 02:21:10 PM

This should not be surprising at all, those who knew about bitcoin around that time, that also mined it was able to gained a lot.

Quote from: notblox1 on November 08, 2020, 02:04:05 PM

What would you do with 1000 BTC today?

If I have such a huge amount of bitcoin, I will only make use of my hardware wallet and hold it. But, probably sell some for other businesses.

Cool

I think it is surprising enough. Those bitcoins were inactive for more than 10 years and suddenly someone decides to make a move towards them. Because if I had those amounts of bitcoin, I would have sold them in 2015, or 2017 for a better profit. Because being patient is extremely hard, especially when you saw the price of bitcoin kept going up without having any boundary. I guess this man suddenly found those bitcoins accidentally

If I had 1000, I would sell 500 bitcoin for business purposes. I love to make my own start-up. I have a few awesome idea which I think can change the world on a small scale. And the other bitcoins I will hold and try to sell them whenever it hit $40000 or higher. Then I will amass bitcoin again whenever it goes lower than $20000

Maybe, he just got the right keys to open his bitcoin stash. Tongue

But he's really lucky to have that amount of bitcoin. Who knows, he has the chance not to be slave with 9-5 jobs anymore? He can use it for many important things to get self-sufficient in life. Or maybe, he's still mining via his solar energy. Tongue

I will definitely live a simple life even if I have that amount. Invest in more tangible assets that will grow over time and look for potential businesses that you can set-up with.

Untomabur

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wow 1000 BTC is a lot of money, maybe this user is aware that this is bullish,
and Bitcoin will wake up from a long sleep and be ready to the moon,
I hope 1000 BTC is not sold at the current price.

reliable

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Activity: 868

Merit: 151

Quote from: Strongkored on November 08, 2020, 10:26:19 PM

from $100 to $15M in 10 Year it is really a successful investment and he is great because he has a strong determination to save it all this time, he could be tempted to sell it in 2017 when the BTC price hit ATH. If I had that amount I would start a new business and buy a house.

Quote from: DevilSlayer on November 08, 2020, 07:22:13 PM

For me, it is a big money;

Not only you friends but even people living in rich countries would call it big money too.

That is huge and only some of them in their life would be able to earn such money in their life. Well this is just dream of billions of people across globe to have a million dollar with them and this also proves that if you can foresee the coming time and believe in something then stick to it and result is in front of us.

slapper

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Quote from: Oshosondy on November 08, 2020, 02:21:10 PM

This should not be surprising at all, those who knew about bitcoin around that time, that also mined it was able to gained a lot.

Quote from: notblox1 on November 08, 2020, 02:04:05 PM

What would you do with 1000 BTC today?

If I have such a huge amount of bitcoin, I will only make use of my hardware wallet and hold it. But, probably sell some for other businesses.

Cool

I think it is surprising enough. Those bitcoins were inactive for more than 10 years and suddenly someone decides to make a move towards them. Because if I had those amounts of bitcoin, I would have sold them in 2015, or 2017 for a better profit. Because being patient is extremely hard, especially when you saw the price of bitcoin kept going up without having any boundary. I guess this man suddenly found those bitcoins accidentally

If I had 1000, I would sell 500 bitcoin for business purposes. I love to make my own start-up. I have a few awesome idea which I think can change the world on a small scale. And the other bitcoins I will hold and try to sell them whenever it hit $40000 or higher. Then I will amass bitcoin again whenever it goes lower than $20000

Strongkored

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from $100 to $15M in 10 Year it is really a successful investment and he is great because he has a strong determination to save it all this time, he could be tempted to sell it in 2017 when the BTC price hit ATH. If I had that amount I would start a new business and buy a house.

Quote from: DevilSlayer on November 08, 2020, 07:22:13 PM

For me, it is a big money;

Not only you friends but even people living in rich countries would call it big money too.

DevilSlayer

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Activity: 1456

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Quote from: Harlot on November 08, 2020, 05:29:26 PM

15 Million Dollars worth of Bitcoin isn't really big as compared to what big companies are buying right now. These companies use their cash reserves to buy Bitcoin and its worth hundreds of millions which could definitely influence the market, a 15 million dollars worth of Bitcoin won't necessarily move the market not unless it has help with other whales in the process. I don't see it as scary as well since this is just one of the cases where a whale has move after a long period of hodling Bitcoin in their wallet.

For me, it is a big money; we should not compare a company to a certain person because it cannot be differentiated by just looking in their buying power, for sure this individual became so lucky after he take a risk in year 2010. He is one of the lucky people because he got bitcoin when its price is still below $1, anyway luck is being created after all. He created his/her own luck by taking a risks. It is a good to see that there are now movement that happening from these whales, I do not think that he will dump it because for sure he/she will continue to hold it because they already proven that its price is continuing to increase as the time passing by, but there is also a possibility that those whales will do tranche selling.

stompix

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Quote from: The Sceptical Chymist on November 08, 2020, 05:52:13 PM

Too bad we don't know who moved those coins.

Craig Wright? Cheesy

Couldn't stop myself Cheesy

Quote from: Stedsm on November 08, 2020, 06:18:19 PM

Why not use all those BTC and create a supercomputer that could mine you the remaining BTC all at once? A billionaire at a shot. Grin

I was thinking about this and while doing the math I realized how times have changed, even the 15 million you would get from all those bitcoins would only be able to buy you around 7k miners no taxes 2 months delivery, not enough for even 1% of the hashrate. Satoshi himself you have trouble buying enough power to mine the majority of the next coins.
The industry is maturing way to fast, at least for me, is becoming more and more like the others Cry

Quote from: Wysi on November 08, 2020, 02:28:31 PM

It's scary when you notice such huge transaction takes place after 10 years,

Why is it scary? Why should anybody be scared of this?
Isn't this one of the advantages of bitcoin, to be able to store it safely for years without anyone knowing who you are?

Stedsm

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Quote from: The Sceptical Chymist on November 08, 2020, 05:52:13 PM

--snip-- The temptation to sell when bitcoin kept rising all those years must have been incredible, and I'm not sure I would have been able to keep holding.

Too bad we don't know who moved those coins.

Well, s/he who held those coins this long surely had that vision - the vision Satoshi had while trying to create and accomplishing his goal through the making of new money - digital money. The guy either knew or had some strong feeling that this is the investment of millennium and could anytime be worth the "time" s/he was going to put in holding them.

Quote from: The Sceptical Chymist on November 08, 2020, 05:52:13 PM

I'd buy a Tesla and a new computer, and I'd probably just go on a general shopping spree on Newegg and some other sites that accept bitcoin. But honestly? I'd try to keep hodling on to as much of it as I could, given the upward momentum we're seeing right now.

Why not use all those BTC and create a supercomputer that could mine you the remaining BTC all at once? A billionaire at a shot. Grin

FlightyPouch

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Activity: 1638

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I guess it is normal for a holder to do this, and in terms if I am the one holding these huge amount I obviously have a good house where my family can live and some safety measures for us and that huge amount. Although you can't be sure that someone's living a luxurious life just because he has 1000 bitcoins. As far as I know there is a guy that has stolen of his huge amount of bitcoins and he's just living normally with that, he doesn't even have a security camera.

The Sceptical Chymist

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Quote from: Stedsm on November 08, 2020, 04:58:06 PM

That's normal considering how so many exchanges move more than 5-10k BTC daily.

It might be normal for a whale to move that amount of bitcoin, but I think the point here is that it's a bunch of coins that haven't moved in 10 years--and I find that to be very interesting.

I can't imagine holding onto that much bitcoin for that long, especially considering everything that's happened in the past decade. If those bitcoins belong to one person, that person must have balls of steel and a stomach of iron. The temptation to sell when bitcoin kept rising all those years must have been incredible, and I'm not sure I would have been able to keep holding.

Too bad we don't know who moved those coins.

Quote from: notblox1 on November 08, 2020, 02:04:05 PM

What would you do with 1000 BTC today?

I'd buy a Tesla and a new computer, and I'd probably just go on a general shopping spree on Newegg and some other sites that accept bitcoin. But honestly? I'd try to keep hodling on to as much of it as I could, given the upward momentum we're seeing right now.

Oasisman

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Activity: 2716

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Imagine a digital currency investment that worth a hundred bucks during 2010, then selling them for $15m after 10 years. Dang! I can't think of any investment that's as massive as this. Even real estates can't be this massive in just 10 years.
I thought someone would say and is linking this transactions as Satoshi's action.

Quote from: notblox1 on November 08, 2020, 02:04:05 PM

What would you do with 1000 BTC today?

Well, that depends on the availability of my funds. If I can still sustain what's needed and necessary for living then I could keep the 1000 till Btc reached $50,000 or $100,000.

Harlot

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Activity: 1806

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15 Million Dollars worth of Bitcoin isn't really big as compared to what big companies are buying right now. These companies use their cash reserves to buy Bitcoin and its worth hundreds of millions which could definitely influence the market, a 15 million dollars worth of Bitcoin won't necessarily move the market not unless it has help with other whales in the process. I don't see it as scary as well since this is just one of the cases where a whale has move after a long period of hodling Bitcoin in their wallet.

Stedsm

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Activity: 3052

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That's normal considering how so many exchanges move more than 5-10k BTC daily.

And about living with $15 million that may soon be turned into $20 million. I'd just buy a big house with 1 car and 5 bikes, that's my big dream which I want to achieve some day and I know I'll get it done in this life. I'd rather keep 500 BTC with me till a BTC is worth a million dollars and will only spend out of 500 BTC because even when you are rich, you should remember that money attracts more money so I'll just not spend everything blindly and live a normal life.

TimeTeller

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Quote from: Oshosondy on November 08, 2020, 02:21:10 PM

This should not be surprising at all, those who knew about bitcoin around that time, that also mined it was able to gained a lot.

Quote from: notblox1 on November 08, 2020, 02:04:05 PM

What would you do with 1000 BTC today?

If I have such a huge amount of bitcoin, I will only make use of my hardware wallet and hold it. But, probably sell some for other businesses.

Cool

Will live the same lifestyle so people will not be curious about where am I getting my funds.
But will start investing in small businesses that can help me sustain my needs.
Will also look for some real estate properties. And invest.

But that person is lucky, after 10 years he reaped his rewards big time.
Definitely, he's good in securing his bitcoins because a lot already forgot their keys and throw away their equipment, because they don't know btc will become this big.

bitbollo

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lol this is the question of 1 million dollars (roughly) Grin

Each time a large sum of bitcoin staked in 2010 2009 are moved a lot of speculation arise behind possible property owner.
For sure if some one will moving a huge sum like this have already taken legal council since it's very easy get a lot of issue with ant laundering law...

coolcoinz

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Activity: 2814

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I'd keep holding but I'm not an old man nor am I sick. It really depends on your situation. I'd probably sell 1 or 2 to make my home safer, get some more security cameras, a good alarm system, a fireproof vault to keep my hardware wallet in, of course move all my coins to at least 3 different hardware wallets with a backup for each of them. Get some additional safety features like fire sprinklers, some guard dogs, maybe even hire a security company to patrol the area. With that much money at home it might be worth it.

carter34

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Quote

What would you do with 1000 BTC today?

If I have such amount of btc, that means I'm already rich and we see that even rich people don't get tired of more investment, I will invest in other aspect area and not keep hodling all of it. Now bitcoin worth really good money for one, so selling few by every month like 5 for 12months to slowly invest in other business. The slow sell and investment is to monitor the progress of the investment and not to selling in huge number but I won't sell more than 500BTC in all.

Wysi

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It's scary when you notice such huge transaction takes place after 10 years, someone has been holding his nerves all this while and probably tried to withdraw at Bitcoin's peak movement in during 2017 with some set of target and then the market got crashed, I feel this person had been waiting for one more opportunity to cashout and eventually did it.

Couple of Bitcoin can secure future for most of us and not sure what this person would be doing with massive wealth he/she has accumulated all these years out of very lesser investment.

Oshosondy

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This should not be surprising at all, those who knew about bitcoin around that time, that also mined it was able to gained a lot.

Quote from: notblox1 on November 08, 2020, 02:04:05 PM

What would you do with 1000 BTC today?

If I have such a huge amount of bitcoin, I will only make use of my hardware wallet and hold it. But, probably sell some for other businesses.

Cool

notblox1

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Source: BTCparser

1000 Bitcoins worth around $15 million moved on November 7 after being dormant for ten years.
Coins are coming from time when satoshi was still active online, and remember that in year 2010 Bitcoin was worth only $0.10

This is the address receiving coins first:
https://www.blockchain.com/btc/address/3QCGV3YWXMEsuJjW2oYVZEPi9f8vXMSqKc

tx1: 93a7bb7275bf1452d06b5ca5c4d5e783141d5a8364da75e71e44c9cbb28d37e7

And then sending them to more addresses and splitting in many addresses:
tx2: 41bebb474b2fe8e064f22932f7a6f7de7203dd971654337dacaed9c19696adad

What would you do with 1000 BTC today?

Topic: 1000 BTC moved after 10 years - page 2. (Read 397 times)