Haha, interesting, i was thinking what if I got familiar with Bitcoin in the early days, do I had enough patience to hold till now, I can say with higher confidence that no one of us could have resisted more than a cycle and sold all we had, TBH control greed to not sell is possible in just scenario in which we could have lost the key to Bitcoins and suddenly one found it by luck then you can say we could have made millions but that not the reality most of the early adopters sold their coins years back, very rare to find those people who are still holding and alive.
The maximum of the average community could have serviced till 2016 but if someone is sticking from that even if sold on that time surely is more familiar with Bitcoin's reliability and still, he could have prepared himself for this cycle more efficiently with greater accumulation. Even though I was aware of the targets back in 2023 for the next cycle still I think I haven't prepared well for the accumulation. Becasue I did invest only a small portion of the amount haha as a student this amount is also very big for me but now I o realize I could have took more risk to invest the 2x of my current holding.
Topic: 12 years ago mined 50 Bitcoin just moved (Read 882 times)
LOL. Me and the wife have had a very enjoyable time reading about this transaction. Thanks, all. We are not (knowingly) Satoshi Nakamoto.
Pro Tip: Never, ever throw out your hard drives.
Pro Tip: Never, ever throw out your hard drives.
Interesting, thanks for sharing.
I wonder why they're still using an older address(the ones that start with 1 or 3), and not a new one (the ones that start with bc1).
My guess is that this is someone that found an old miner PC or something like that, and moved the coins around using the same configuration/wallet.
I wonder why they're still using an older address(the ones that start with 1 or 3), and not a new one (the ones that start with bc1).
My guess is that this is someone that found an old miner PC or something like that, and moved the coins around using the same configuration/wallet.
A person with that many coins don’t really care about the transaction fees I guess… I don’t think there are any other advantages of using the new bc1 addresses.
Whoever he is, maybe he just decided to get retired. Or maybe he thinks crypto will go down down more and $1m is still capable of buying lots of stuff nowadays. Sure he missed the chance to get $3m but $1m is still better than $500k (just an example)
The patience of the owner was really strong and all the holding he made surely made him millionaire today. Surely, this is the power of holding and this means holding is the way to make rich in the industry. Imagine moving millions of assets only costs small fees, this is why bitcoin will replace payment system big time in the future. Congratulations to the owner, HODL is GOLD it is.
It was 50 Bitcoins so it was probably a miner, and at that time it was way easier to mine, so it's probable that this person had multiple addresses with 50 Bitcoins each.
If that's the case then he could just been using those other addresses over time to fund a great lifestyle. We simply don't know if he just waited or kept using other coins over time.
Wow...after 12 years the Bitcoin contained with that address finally showed some life and made a transfer. Whoever is the owner of this good volume of Bitcoin can now think of a good life ahead for himself and his family and if he can choose to reside in a good Asian country like where I am then he can be living like a king. It is quite interesting that although we might not be able to discover the real owner of this address...we can be able to track its movement.
There are many such movements where we see that bitcoin mined in early days of launch were moved having good amount of btc in them but that does not directly indicates that it's SN doing so because there were many early miners like Laszlo who were there along with him.But the amount is huge and he is lucky enough to hold for all these years so see how much he is worth now after all those years.
I think it's most probable to think that these coins do not belong to SN, they most probably are from an early miner from 2010 when they could do that with a PC. And then they're just using their coins slowly over the years
There are many such movements where we see that bitcoin mined in early days of launch were moved having good amount of btc in them but that does not directly indicates that it's SN doing so because there were many early miners like Laszlo who were there along with him.But the amount is huge and he is lucky enough to hold for all these years so see how much he is worth now after all those years.
Mystery again. Who knows if this is Satoshi Nakamoto? Or it may anyone who knows Satoshi, those who mine Bitcoin earlier might familiar with Satoshi or it's Satoshi himself. Is that the reason recent dump? Or just I am wondering this? Anyway, 50 Bitcoin is a big amount even at the current rate. Believe the wallet isn't on the wrong hand.
She just found her old pen drive when changing some furniture.
I thought it is you OP mined with those, well btw it is all about the trust of the holder with the bitcoin and of course you will grab the opportunity to have this now, as always the history repeat itself so we can make a bitcoin and hold for a long term at the same time and those holding will become profitable as a reward for holding. Currently accumulation now a coin is ideal and make a wait for the next halving.
good thing the owner still remembers all the password or keys for that particular address. most already forgot or wiped out their hard drives, and now they are regretting they sold or thrown their HDs. that's a very lucky owner out there. enjoying his bitcoins, which, he never thought will be this valuable today.
btw. it wasn't me 
Oh my..No matter, sharing this to others may also rise up the spirit and also a willingness to many more people to focus on Bitcoin. We know how the power of Bitcoin, the power of holding. Well, I can't imagine if I were the person, being very rich. But, we have earned whatever we should earn. Mining Bitcoin was very potential and promising. But now, it is complicated and has high costs.
Now, what we can do is do our best for our best life and experience, if we cannot make a similar experience as the person, we can try our best by trading or investing in Bitcoin, being patient and waiting until Bitcoin makes its price ATH again, more than ATH and skyrocketing.
I thought it is you OP mined with those, well btw it is all about the trust of the holder with the bitcoin and of course you will grab the opportunity to have this now, as always the history repeat itself so we can make a bitcoin and hold for a long term at the same time and those holding will become profitable as a reward for holding. Currently accumulation now a coin is ideal and make a wait for the next halving.
Wow, thats amazing and very interesting holding story, Just Imagine 12 long years of holding and waiting for that 50 bitcoin to remain untouched, it's pretty hard because it's tempting to see the BTC price spike at 69K but still, he doesn't but just recently it was moved, Anyway whoever the owner of that address he has truly possess a diamond hand and congratulations your 0.50 cents in 2010 is worth more that a million dollars right now!
It can also be the case that those coins were mined and are just one of many addresses that hold 50 btc, which was the reward at the time.
This could be someone that is slowly selling btc to live a nice life over time. It's not necessarily all the coins they have.
What I find really interesting about this and similar historical Bitcoin which havent
moved is that the owners are and were able to HODL for so long through the various highs
we have seen, notably the recent $69,000 high.
I like also how a move like this generates a lot of speculation, I wonder if the owner is on the
forum looking at this thread?
Who knows what the reason for this move is, it could be any number of reasons.
My only curiosity lies in the time of movement. if he didnt move for 12 years and didnt sell at ATH up till 50k why moving now. Actually there are no assurance he is selling, no indication that he moved the coin himself as well and no reason known to profit more now. Do we have any staking platform for bitcoin at the moment? moved is that the owners are and were able to HODL for so long through the various highs
we have seen, notably the recent $69,000 high.
I like also how a move like this generates a lot of speculation, I wonder if the owner is on the
forum looking at this thread?
Who knows what the reason for this move is, it could be any number of reasons.
Wow, thats amazing and very interesting holding story, Just Imagine 12 long years of holding and waiting for that 50 bitcoin to remain untouched, it's pretty hard because it's tempting to see the BTC price spike at 69K but still, he doesn't but just recently it was moved, Anyway whoever the owner of that address he has truly possess a diamond hand and congratulations your 0.50 cents in 2010 is worth more that a million dollars right now!
~snip~
Well, according to your words, if I assume that he did not have access to his account, then how did he access now ? I don't think this could be the cause . I think he is a long-term holder .And I also think that as we already saw he has been able to hold for so long, waiting for another bull-run is not a big deal for him. 
Very interesting info. I appreciate it when something like that happens . that wallet holder is really lucky . coz When he mined 50 bitcoins the price was very low but now when he transferred the bitcoins it is worth more than million dollars. But if he had access to his wallet a few months earlier ,when the price of bitcoin was over $65k he could have sold his bitcoins for 3x from present price.
This is a very surprising event. But if Bitcoin goes to $65k again someday he can sell them if he wants. If you sell now, you will get the market price. If you sell after a few days, you will get more than that. That will have to wait. Bitcoin market will improve very soon. Till then market condition will be seen.
The profit is huge imagine from 50 cent to $1 million, Hodling Is the only sure method on cryptocurrency. I think he had something else that consumed his time that made him not to focus on selling his bitcoin even when the price hit 60k. One other criterion that energises Hodling bitcoin is the access to different earnings or income. Like I said, he could be a business man.
Very interesting info. I appreciate it when something like that happens . that wallet holder is really lucky . coz When he mined 50 bitcoins the price was very low but now when he transferred the bitcoins it is worth more than million dollars. But if he had access to his wallet a few months earlier ,when the price of bitcoin was over $65k he could have sold his bitcoins for 3x from present price.
This is a very surprising event. But if Bitcoin goes to $65k again someday he can sell them if he wants. If you sell now, you will get the market price. If you sell after a few days, you will get more than that. That will have to wait. Bitcoin market will improve very soon. Till then market condition will be seen. ~snip~
Not only 3x I think could sold more than 3x from present price . If you look the previous history of bitcoin then you will see how bull-runs have taken after each bearish market. According to many market analysis, the next halving will start in mid-2024 and the price may reach close to 100k. So I would like to say him to hold well for some more time.Jump to: