Topic: 12 years ago mined 50 Bitcoin just moved - page 2. (Read 776 times)
An important realization: These Bitcoins are not lost and perhaps many more are not lost. The owner maybe have more addresses. These coins were "marked" as lost, now they are not. I would like to know if it was a coincidence or if someone really kept his coins for such a long time. He now owns more like 3 addresses, but it could be 30? We will probably never know.
To have 50 bitcoins untouched for so long requires patience. And money too, because I can't imagine someone having trouble making ends meet and having 50 bitcoins untouched. Another possibility is someone who somehow lost their private keys and found them again or something like that.
Or he probably forgot that he mined Bitcoin years ago, dump his PC somewhere on the attic when he upgrade, and realized that he had some BTC on the stash that he mined 12 years ago. Look for his hardrive and took time to decipher his wallet password since he forgot where he save the keys to it.
It's always the same with Satoshi. When old bitcoins are moved, there is always speculation that it is him, but I don't think he is going to touch the first bitcoins he mined.
I do not think that the person is Satoshi, I think he is some random guy who happen to mine BTC for fun and forgot about it.
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.
You guys always think in terms of "he could've sold".So far apart from 0.5 BTC "likely" sold, or at least gone elsewhere, 49.49 BTC simply moved to this address and remains unspent as of posting: bc1qyzpja5m72nvzhg6meldyk28sfhel2ktv9f956z
Note it's a native segwit address. This could just be another story of a old school miner moving coins to a hardware wallet for example while selling 1% on the way.
To think how that user managed to hold for this long, is something. But that depends if it is intended or if he just lost it and found recently. It is just hard to imagine how an investor would be able to overcome temptations of the past wherein prices have reached several ATHs.Reminds me of the recent article wherein an individual lost his storage containing infos or basically, containing huge crypto money. Just imagining the regret he is feeling, makes me want to treasure the small amount I am having from my investments in this industry.
motivating information. I like this kind of information. because this is quite motivating and inspires me to be strong in holding my bitcoins. and 12 years is a very long time. one word that fits him who has 50BTC and kept it for 12 years is you are amazing. if it was me. then that would be a wonderful thing. it must have been hard for me to hold on for that long.
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.
You guys always think in terms of "he could've sold". Ever thought that with 9% inflation, had he sold, he would've lost about 270k USD in purchasing power and another 3k each month for as long as he keeps holding dollars? Selling because the price is high isn't always the best option. You should sell only when you're able to spend it all. Selling to hold USD makes no sense in a world where they can manipulate its price in relation to other currencies just to hide inflation from the masses. This trick is unsustainable in the long run. I'm pretty sure some people in Turkey thought that selling at the top in 2021 was a good idea. Then bitcoin fell 70%, and they thought they made the best deal of their lives, but then inflation hit 80%, bitcoin rose 10% from the bottom and they're at a 20% loss compared to what they'd have if they just held bitcoin.
To be honest, any miner who could have the courage to hold a bitcoin that was mine when the price was $0.5 deserve to do whatever he chose to do with his bitcoin. I mean 10 years is a big lot of time that many things have happened in the bitcoin industry. If the owner of that wallet address could import his private keys to other chains, he could also spend other coins that were airdroped some years ago.
~snip~
~snip~
It's also possible that this address is just one of many. And that the miner has simply continued to sell one block reward every few years to fund life.
Remember that in 2010 it was not uncommon to have multiple block rewards if you had a PC miner running 24/7 for months.
Also, it seems that the altcoins are still there as of now: https://blockchair.com/search?q=18eXJskHRVvKrqmxD9T6K6UQ6GBC6ya2WS
Very interesting observation. What is also possible is that the person who owns the address already used up all his bitcoins and have now come to the more or less oldest ones to also use them to fund his lifestyle. I can't really think of any other reason to not touch coins for so long and then move them at this point.
There are probably a lot of people who had a few hundred to a couple of thousand BTC from back then and are just slowly moving them as they need funds. Think about it if you sold 200 back in 2017 you had $4 million USD (before tax) here we are 5 years later and you can cash out another million. You can have a really nice lifestyle with that and if you are quiet about it not attract attention. And a couple of years from now you can sell another 50 for?
I don't see it as any differently then someone who back in the late 90s dumped $5000 into APPL to see what might happen an for the last 15 years has been slowly cashing out.
If you don't talk / brag about it nobody will ever know.
Except the IRS....they know.....
-Dave
Very interesting observation. What is also possible is that the person who owns the address already used up all his bitcoins and have now come to the more or less oldest ones to also use them to fund his lifestyle. I can't really think of any other reason to not touch coins for so long and then move them at this point.
He was a kid, now man! maybe 30 years old... he got married, that is, he has a family or a divorce to pay 
but regardless of the story, he is not SN.
In any case, it is as always, surely in the next few days we will be seeing related news, as happens when one of these accounts is wake up:
=50 BTC Mined in 2009 Just Moved, Now This Bitcoin Amount Worth
https://www.coinspeaker.com/btc-mined-2009-moved/
=11-year-old mysterious 50 Bitcoin movements
https://www.cryptopolitan.com/mysterious-50-bitcoin-moved-after-11-years/
=50 Bitcoins Worth $500K That Were Mined In February 2009 Mysteriously Moved Today
https://cryptopotato.com/50-bitcoins-worth-500k-that-were-mined-in-february-2009-mysteriously-moved-today/
Not surprising for people to presume out that it is Satoshi whenever one of those old wallets or coins been moved out without even reconsidering that there are several people who are early adopters of bitcoin or those miners into those early days and after 12 years they neither had find out their private keys or remembered out that they do have some Bitcoins into their stashes. but regardless of the story, he is not SN.In any case, it is as always, surely in the next few days we will be seeing related news, as happens when one of these accounts is wake up:
=50 BTC Mined in 2009 Just Moved, Now This Bitcoin Amount Worth
https://www.coinspeaker.com/btc-mined-2009-moved/
=11-year-old mysterious 50 Bitcoin movements
https://www.cryptopolitan.com/mysterious-50-bitcoin-moved-after-11-years/
=50 Bitcoins Worth $500K That Were Mined In February 2009 Mysteriously Moved Today
https://cryptopotato.com/50-bitcoins-worth-500k-that-were-mined-in-february-2009-mysteriously-moved-today/
Well, i cant really be able to blame them out even myself do really have that initial impression whenever i do hear out that there are old coins had been moving
which is something that you couldnt really avoid.
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.
To be honest, any miner who could have the courage to hold a bitcoin that was mine when the price was $0.5 deserve to do whatever he chose to do with his bitcoin. I mean 10 years is a big lot of time that many things have happened in the bitcoin industry. If the owner of that wallet address could import his private keys to other chains, he could also spend other coins that were airdroped some years ago.
Right after the wallet sent out the 50btc, wallet address 1KrETovXBTFu5caT4DekhwoWZ5zLz1L6bN broadcasted dust to 4 outputs and 18eXJskHRVvKrqmxD9T6K6UQ6GBC6ya2WS was among the wallet that received the dust transaction, why would anyone dust an empty wallet?
Here is the tx hash
https://blockchair.com/bitcoin/transaction/a9979f62df165063f0ea3c5b88d63a584ae08acccb91aeba4dbcc02643ddb935
Another Observation, the 3 other wallets that received the dust transaction seem to have a similar prefix that starts with 1111
He was a kid, now man! maybe 30 years old... he got married, that is, he has a family or a divorce to pay but regardless of the story, he is not SN.
In any case, it is as always, surely in the next few days we will be seeing related news, as happens when one of these accounts is wake up:
=50 BTC Mined in 2009 Just Moved, Now This Bitcoin Amount Worth
https://www.coinspeaker.com/btc-mined-2009-moved/
=11-year-old mysterious 50 Bitcoin movements
https://www.cryptopolitan.com/mysterious-50-bitcoin-moved-after-11-years/
=50 Bitcoins Worth $500K That Were Mined In February 2009 Mysteriously Moved Today
https://cryptopotato.com/50-bitcoins-worth-500k-that-were-mined-in-february-2009-mysteriously-moved-today/
but regardless of the story, he is not SN.In any case, it is as always, surely in the next few days we will be seeing related news, as happens when one of these accounts is wake up:
=50 BTC Mined in 2009 Just Moved, Now This Bitcoin Amount Worth
https://www.coinspeaker.com/btc-mined-2009-moved/
=11-year-old mysterious 50 Bitcoin movements
https://www.cryptopolitan.com/mysterious-50-bitcoin-moved-after-11-years/
=50 Bitcoins Worth $500K That Were Mined In February 2009 Mysteriously Moved Today
https://cryptopotato.com/50-bitcoins-worth-500k-that-were-mined-in-february-2009-mysteriously-moved-today/
legendary
Activity: 2254
Merit: 1052
Leading Crypto Sports Betting & Casino Platform
Valued 0.50 USD at the time of mining, more than 3 million USD last year and ~1 million USD now ... congratulations to the owner!
This is really amazing, this is another pointer to the fact that bitcoin has changed alot of lives, this makes me wanna ask myself where was I when this money was being shared 
.But it is what it is by the way, it is not possible that every body would be aware of bitcoin the time it was launched.
My guess now is that, probably this is one of those guys that maybe lost access to their wallet, but luckily for him now, he managed to regain access, a big congratulations to who ever it is, $1 million dollars is alot of money.
These moves don't mean much to me. After all, it's someone's investment over the time being and they are allowed to enjoy the profits its yield in time. Sometimes, these users comes to the realisation of there possession of these coins out of unforseen circumstances. I recall a news about a user searching the waste dump site of there town with permission from the mayor to explore the dump ste in search for his hard disc that contained bitcoins and a promise of contributing some of its funds to the town if found. That could be some possible scenario of forget and recall events but, its truly inspiring as to how long ago these guys could hold and only get to move them now. Not just holding, but neve forgetting or compromising there keys and passwords.
Salute to the miner who did not even touch the bitcoins when bitcoin was at its peak after 2017. I mean come on at that time the valuation of those mined coins would have been more than that.
Here is short “rough” journey of this guy as per the highest peaks for year to year basis.
2011 - $30 - $1,500
2013 - $1,000 - $ 50,000
2014 - $ 600 - $ 30,000
2017 - $ 19,000 - $ 9,50,000
2020 - $ 29,374 - $ 14,68,700
2021 - $ 68,000 - $ 34,00,000
That’s wider ups and downs. Turning $1,500 into multi million wallet, that’s something impossible from bitcoin.
Here is short “rough” journey of this guy as per the highest peaks for year to year basis.
2011 - $30 - $1,500
2013 - $1,000 - $ 50,000
2014 - $ 600 - $ 30,000
2017 - $ 19,000 - $ 9,50,000
2020 - $ 29,374 - $ 14,68,700
2021 - $ 68,000 - $ 34,00,000
That’s wider ups and downs. Turning $1,500 into multi million wallet, that’s something impossible from bitcoin.
I did this years ago, I would mine crawl through abandoned computers for stuff, not nefarious, just curiousity. Now I need to start doing this again, with a batch or vbscript that can search a drive letter for wallet files.
it's an old wallet that has been revived, I wonder if it was transacted because the wallet is an inheritance where the owner might have died and the heirs opened the wallet and sold it, no one knows either, could it be one of the satoshi wallets, 50 BTC is enough to finance my life for the next 20 years maybe
With "only" 50 bitcoins in the wallet, it is enough to make the owner one of the richest people in his city of crypto and if he sells some of his bitcoins, he can buy many things in his city. I guess he also wants to claim other altcoins but I don't know, at least that's what I would do if I found my old wallet 
He was very lucky to get those 50 bitcoins and hopefully, he can manage it and take all the profits without getting scammed.
He was very lucky to get those 50 bitcoins and hopefully, he can manage it and take all the profits without getting scammed.
Just imagine for one moment that this is Satoshi Nakamoto and that we will see those coins being donated to the trust that are defending the developers against FakeToshi (CW).... it will be the best evidence that CW is not Satoshi Nakamoto.
An old UTXO moving is no proof of Satoshi Nakamoto's ownership of the coins or even of Satoshi's existence. I would definitely not take that as proof.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.
It is not necessarily voluntarily happening. Some people forget they even ever mined Bitcoins a decade ago. Some people may have died and the heirs got access only now to their computer. Or maybe they lost their seed and only now have they finally found it.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.
It is all speculation really. Who knows and, if I am being honest, who cares?
-
Regards,
PrivacyG
~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: