1000 BTC moved after 10 years | Bitcointalksearch.org

Nellayar

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Quote from: Wysi on November 08, 2020, 03:28:31 PM

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.

But if I were the owner of that wallet, I will still keep some bitcoins to my wallet. Because bitcoin is a valuable asset and anytime it may double up the price. Anyway, salute to the owner of that wallet. He just showed how waiting in trading becomes worthy. If I had the same amount of bitcoin today, I probably cash out some of its piece and try to put up a real business in my place. But it is just a dream only since I have no bitcoin even a single piece of it.

hahay

legendary

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That's crazy! Is it the person with the original ownership or is it still the same person, because if it was hodl from 2010 then where was he in 2017? I think that year there were many people who sold their Bitcoin to become billionaires but apparently, there are still others who still hold onto it even though bitcoin reaches the moon. Shocked

Genemind

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If I would have 1000 BTC today, I will still hold half of it and use the other half. What's the sense of having a huge investment if it would be too late for you to enjoy it? I will definitely grab the chance to help my neighbors who are struggling during this pandemic because that's a very huge amount of Bitcoin. 500BTC would be more than enough for me as an investment and 500 could reach out to lots of lives around me.

Kupid002

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Quote from: Lanatsa on November 09, 2020, 05:59:05 PM

Quote from: doomloop on November 09, 2020, 05:31:59 PM

This is not the only time I am seeing something like this, seems like some old guys are starting to move their assets they were storing for a long time. There was an old address that moved their bitcoins and it was reported on this forum, and I think that was October, and now here is another one of the old addresses moving funds again. I’m still looking forward to a run up this year.

Quote from: notblox1 on November 08, 2020, 03:04:05 PM

What would you do with 1000 BTC today?

If I had 1000 BTC and I am still holding them at this time, I am going to sell some of them and leave the rest. The rest I am leaving there is because I still believe that there is going to be another ATH price in future.

Seems like those early adopters had decided to open up their stashes and might really be selling of those coins with the current price we are in.

I don't know why other people got scared when seeing these events yet its good to look at that those people are still alive and unbelievably able to

held up their coins after a decade.After all the years that had passed and able to withstand several dumps and pumps and now they've decided to make

some move.

They are just afraid that it can have big affect in price of Bitcoin once that large owner of Bitcoin sell directly his holding in exchange.

Over all if there is enough demand I don't think we need to be afraid with that even they sell it directly in exchange it will only have short term effect in price .

jaberwock

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We are already printing 900 bitcoins per day. People are forgetting that about miners and what the inflation is like in bitcoin world, we are printing 900 bitcoins PER DAY, so at the end of the day having 1000 btc moved is nothing, it is not even a news, there are miners with tens of thousands of bitcoin just saved aside, whatever is left from the costs and profits they just put it aside I assume, or even if they do end up selling we are talking about almost 1k per day so it is not like something brand new to us.

Sure, it is interesting to see 1k bitcoins move after 10 years because if it was there for 10 years, it is also interesting to move now, but at least we know that in grand scheme of things unless we are talking about 30k+ bitcoins all sold at the same time, we are not going to see anything change for us.

manfredmann

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That is a lot of money if I were to have that kind of money then definitely after investing in real estate priperty like having a subdivision of townhouses and then buy a good car for convenience. Yet, investing in bitcoin still would be ideal if there will be few money left like buying bitcoin while market is cheap and then sell when marker is high or good.

AndySt

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Quote from: Harlot on November 09, 2020, 10:42:16 AM

Yeah it is big money but what I am trying to say is will it have an impact in the market if it is traded in one flush? My answer is NO, Bitcoin's trading volume is reaching by the billions daily and most of that don't give a price movement more than 5%. 15 million dollars being sold won't make a dent or influence the market alone not unless other whales will help him.

In the case of a sale, the market reaction will be for sure, even remembering the past closed auctions organized by the American state and this did not spill out to the free market. By the way, it looks quite surprising that the market did not react strongly to this news. About the amount itself. I remember one story when the appointed external Japanese Manager of a bankrupt cryptocurrency exchange in Japan brought the market to its knees by selling off small parts of the remaining capital of the exchange.

Lanatsa

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Quote from: doomloop on November 09, 2020, 05:31:59 PM

This is not the only time I am seeing something like this, seems like some old guys are starting to move their assets they were storing for a long time. There was an old address that moved their bitcoins and it was reported on this forum, and I think that was October, and now here is another one of the old addresses moving funds again. I’m still looking forward to a run up this year.

Quote from: notblox1 on November 08, 2020, 03:04:05 PM

What would you do with 1000 BTC today?

If I had 1000 BTC and I am still holding them at this time, I am going to sell some of them and leave the rest. The rest I am leaving there is because I still believe that there is going to be another ATH price in future.

Seems like those early adopters had decided to open up their stashes and might really be selling of those coins with the current price we are in.

I don't know why other people got scared when seeing these events yet its good to look at that those people are still alive and unbelievably able to

held up their coins after a decade.After all the years that had passed and able to withstand several dumps and pumps and now they've decided to make

some move.

doomloop

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This is not the only time I am seeing something like this, seems like some old guys are starting to move their assets they were storing for a long time. There was an old address that moved their bitcoins and it was reported on this forum, and I think that was October, and now here is another one of the old addresses moving funds again. I’m still looking forward to a run up this year.

Quote from: notblox1 on November 08, 2020, 03:04:05 PM

What would you do with 1000 BTC today?

If I had 1000 BTC and I am still holding them at this time, I am going to sell some of them and leave the rest. The rest I am leaving there is because I still believe that there is going to be another ATH price in future.

Harlot

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

Quote from: Harlot on November 08, 2020, 06:29:26 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.

Yeah it is big money but what I am trying to say is will it have an impact in the market if it is traded in one flush? My answer is NO, Bitcoin's trading volume is reaching by the billions daily and most of that don't give a price movement more than 5%. 15 million dollars being sold won't make a dent or influence the market alone not unless other whales will help him.

el kaka22

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I wouldn't really know what to do with that much money, I have never even had to consider that much money because (I know this sounds pessimistic) there is no way in the world I could ever have 1000 bitcoins one day, maybe 1 bitcoin as a savings in the future (hopefully) but that is the max I can think of when I think of having money aside that I do not spend and only invest.

If I have to consider what I would do, half of that would be enough for me to buy a big house, get a big car, invest into something boring that would give me small return but guaranteed income, and that way I would live without ever working again. The other half would probably go to just keeping it bitcoin or doing silly stuff like starting a new business that I wouldn't mind losing money or just investing few thousand dollars to each silly new project I see.

Nhor1011

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If I have such big amount of BTC, I will surely help people in need. After securing my families life and future , I will also invest in some businesses for continue living and to help those who are jobless. That is really a big amount which I can't afford to spend.

Cratoon

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Quote from: notblox1 on November 08, 2020, 03:04:05 PM

What would you do with 1000 BTC today?

Hold it for 10 more years lol

redsun114

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Quote from: yhiaali3 on November 09, 2020, 04:38:00 AM

The strange thing is not the amount of 1000 Bitcoin, but it is strange how the owner of this wallet managed to store this large amount of Bitcoin all these years without selling it, especially when the price of Bitcoin rose to 20,000$ in 2017??!!

I am quote sure someone who has 1k BTC must also have other addresses with small balances and maybe he sold some of the coins from other addresses and kept this one as private during all these times.

Quote from: yhiaali3 on November 09, 2020, 04:38:00 AM

This is a really confusing question!!! For example, was he expected to increase the price of bitcoin more ?? Or was he losing the private keys and then managed to find them?
Some people think this wallet is the property of Satoshi himself!!! But no one knows the exact truth.

There can be many theories if we assume the private key was lost, maybe someone accidentally got it? I mean at the end of the day it is a string of alphabets and numbers and while chances are near impossible but one might randomly get it.

I hope the coins moved are for a good reason and not for dumping because someone stored so many coins for such a long time then surely he must be a believer in bitcoins.

Reid

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Quote from: notblox1 on November 08, 2020, 03:04:05 PM

What would you do with 1000 BTC today?

Damn, that's a lot of money. Cool

If I have that amount?
It's difficult to imagine it.
But, I have set my goals with a business just in my place.
Upgrade my house, make the ground floor a business place, and the other floors as where I live.
It's best for a crisis like this pandemic. People won't need to go all the way out to buy their needs.

Bekuciwu9

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Quote from: chip1994 on November 09, 2020, 03:53:21 AM

Quote from: notblox1 on November 08, 2020, 03:04:05 PM

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

I think this is quite bad news for the crypto market. This Bitcoin holder will soon sell off 1000 BTC when its price goes up and the market will surely be flooded with blood.
so beware for signals like these. I think this is the wallet of the underground organizations and they are planning to manipulate prices in the near future. Especially the margin traders should be careful when trading at this time, the price can fluctuate very high.

We dont really know what owner will do with that BTC, and it is no even bad thing if he decides to sell those BTC on the market a sits not a lot.For all we know, maybe he alrady sold that BTC to someone directly face to face and not through exchanges.It makes sense to sell that way to avoid paying taxes and fees,

Clement Kaliyar

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Quote from: notblox1 on November 08, 2020, 03:04:05 PM

What would you do with 1000 BTC today?

If it is an individual moving the coins then he is trying to cash out at the right time which is most probably next year and settle for life, i am not having that kind of money in my entire life as savings and i have no idea what i will be doing, may be invest in real estate and help some underprivileged people in helping them attain their goals and make sure this kind of wealth would not destroy me Cheesy

.

yhiaali3

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The strange thing is not the amount of 1000 Bitcoin, but it is strange how the owner of this wallet managed to store this large amount of Bitcoin all these years without selling it, especially when the price of Bitcoin rose to 20,000$ in 2017??!!
This is a really confusing question!!! For example, was he expected to increase the price of bitcoin more ?? Or was he losing the private keys and then managed to find them?
Some people think this wallet is the property of Satoshi himself!!! But no one knows the exact truth.

chip1994

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Quote from: notblox1 on November 08, 2020, 03:04:05 PM

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

I think this is quite bad news for the crypto market. This Bitcoin holder will soon sell off 1000 BTC when its price goes up and the market will surely be flooded with blood.
so beware for signals like these. I think this is the wallet of the underground organizations and they are planning to manipulate prices in the near future. Especially the margin traders should be careful when trading at this time, the price can fluctuate very high.

CODE200

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Quote from: slapper on November 08, 2020, 11:55:47 PM

Quote from: Oshosondy on November 08, 2020, 03:21:10 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, 03:04:05 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

more like investment diversification? It is a good thing if I would be asked. Sticking mainly on cryptos as an investment will not generate consistent profit, I think, since the market price is not continuously and consistently increasing as years goes by. There are only periods wherein it is showing upward direction. With this big amount, I'd say there no need for physical work anymore for him. 50-50 investment scheme is ideal but I would probably go for 70-30, wherein 70 percent is in real estate investments, while the remaining would be still in this industry for a reason that I am seeking for a consistent profit.

Twinkledoe

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Quote from: slapper on November 08, 2020, 11:55:47 PM

Quote from: Oshosondy on November 08, 2020, 03:21:10 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, 03:04:05 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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Quote from: Strongkored on November 08, 2020, 11:26:19 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, 08:22:13 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, 03:21:10 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, 03:04:05 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, 08:22:13 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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Quote from: Harlot on November 08, 2020, 06:29:26 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, 06:52:13 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, 07:18:19 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, 03:28:31 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, 06:52:13 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, 06:52:13 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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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, 05:58:06 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, 03:04:05 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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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, 03:04:05 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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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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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, 03:21:10 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, 03:04:05 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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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

sr. member

Activity: 1638

Merit: 261

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

legendary

Activity: 1554

Merit: 1167

Gamble responsibly

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, 03:04:05 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

legendary

Activity: 2086

Merit: 1282

Logo Designer ⛨ BSFL Division1

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 (Read 391 times)