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Topic: 5,000 BTC from Satoshi-Era Wallet Moved - page 4. (Read 1077 times)

hero member
Activity: 1232
Merit: 669
August 30, 2022, 02:13:07 PM
#12
This dude are still ppl publishing non-sense here to get merit's, activity and maybe some bread?

Also 5,000 BTC isn't that much compared to what some exchanges or funds have.. get over it Smiley
hero member
Activity: 1946
Merit: 502
August 30, 2022, 01:50:56 PM
#11
Bro one whale can easily scoop up 5k btc without flinching, some people are already freaky out about the mtgox news even though it hasn't taken place yet. Sometimes it baffles me why people are too concerned with old wallet asset movement when we have only 21 million btc out of which some already probably lost forever and the most important thing is that 90% of the world's population doesn't own btc yet.  Undecided
legendary
Activity: 2380
Merit: 5213
August 30, 2022, 01:10:43 PM
#10
Is this ok?
Yes.
Each of those small UTXOs adds around 150 satoshi to transactions size. Given that the fee rate used for the transaction in question was only 1.8 satoshi/byte, the fee added by each of them was lower than 547 satoshi and the sender didn't lose anything.
member
Activity: 196
Merit: 67
August 30, 2022, 12:41:56 PM
#9
https://explorer.viawallet.com/btc/tx/0e3bbffe872689e8b0da1f04218aed2f0a50c6de02886873348dc01a478eea4b

This mentioned address 15n6boxiQj45oHcmDjtNMjh35sFWZX4PBt received over the years lots of dust transactions or small BTC values from several people. Whoever moved these ~5000 BTC took these dust transactions or small value transactions too. Is this ok?
hero member
Activity: 1358
Merit: 851
August 30, 2022, 12:21:35 PM
#8
This doesn’t seem like an individual transaction. I just had a quick look. Either on the output address belong to an exchange or a service from where most of the output were spent as small balance to a lot of addresses. While another output has been sent to an address which has 10k bitcoin balance. I guess it's a fund/cold storage of any old service/exchange. Whatever they are, I guess these are not anymore much of thinking about. I have been watching such thread every now and then lately but have hardly seen any big movement on the price.
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
August 30, 2022, 10:37:52 AM
#7
nevertheless kids, its good to understand that there's always people hodling bitcoin waiting for you to forget they have a huge stash they want to unload onto the market and they won't necessarily care if that makes your bitcoin become worth less in price when they do that. they're not using bitcoin to buy something or anything.

Why sort of demonize it though? Everyone has the right to buy or sell their bitcoin, regardless of how it would affect the markets. And why do they need to care anyway? The markets will drop to some extent regardless if the x,xxx BTC owner wants the market to drop or not.
legendary
Activity: 2268
Merit: 18711
August 30, 2022, 10:15:10 AM
#6
What for accounts are these?
Who cares? The bitcoin belongs to this individual. They are free to hold it, move it, sell it, trade it, dump it, anything they want, without any input or interference from third parties. Such is the beauty of bitcoin.

nevertheless kids, its good to understand that there's always people hodling bitcoin waiting for you to forget they have a huge stash they want to unload onto the market
The number of provably lost bitcoin numbers a few thousand at most. There are over 19 million coins in circulation, any of which could be unloaded on to the market at any time. No one is waiting for the market to "forget" about their coins.

Further, moving coins doesn't mean they are being sold.

they're not using bitcoin to buy something or anything.
How do you know that? Perhaps this person has just bought a luxury mansion for $100 million.
legendary
Activity: 2114
Merit: 2248
Playgram - The Telegram Casino
August 30, 2022, 10:03:46 AM
#5
What for accounts are these? One might think lost wallet, but the owner proved that it's not.
It's almost impossible to determine if a wallet is lost. Lack of activity is not enough pointer that an account is lost, it is just dormant at that time.

I personally don't understand the point of following or discussing activity on different addresses. It does not impact the Bitcoin space and it's purely natural to have an address that has not moved or received funds for a period of time.
legendary
Activity: 3500
Merit: 6320
Crypto Swap Exchange
August 30, 2022, 09:53:00 AM
#4
Addresses and money like this move all the time, sometimes people are looking around for them and see them. Many times they do not.
The OP seems to be digging into and poking around old addresses for some reason. I think everyone who gets into BTC does that at some point in time.

Old addresses with a lot of funds are not that big a deal. If they have 1 like that they probably have more.

Not something to worry about the trading volume of BTC is on the order of 1.5 million coins a day. Having a few thousand more dumped into it is not something to worry about.

-Dave
sr. member
Activity: 1190
Merit: 469
August 30, 2022, 09:09:47 AM
#3
first TX was in 2013

not satoshi era
this could be one of the MTgox batches as its more of mtgox era not satoshi era

nevertheless kids, its good to understand that there's always people hodling bitcoin waiting for you to forget they have a huge stash they want to unload onto the market and they won't necessarily care if that makes your bitcoin become worth less in price when they do that. they're not using bitcoin to buy something or anything.
legendary
Activity: 4410
Merit: 4766
August 30, 2022, 06:04:22 AM
#2
first TX was in 2013

not satoshi era
this could be one of the MTgox batches as its more of mtgox era not satoshi era
member
Activity: 196
Merit: 67
August 30, 2022, 05:39:38 AM
#1
5000 BTC from Satoshi-Era Wallet Moved, maybe 3 More Wallets Wait to Send Bitcoin as they have the same origin ~21000 BTC.

A bitcoin address that had been dormant for nearly nine years transferred the entire balance of 5,001.51 BTCs to a new wallet on August 28, with a floating profit of more than $96 million.

source: https://u.today/5000-btc-from-satoshi-era-wallet-moved-3-more-wallets-wait-to-send-bitcoin


address: 15n6boxiQj45oHcmDjtNMjh35sFWZX4PBt
https://explorer.viawallet.com/btc/address/15n6boxiQj45oHcmDjtNMjh35sFWZX4PBt


What for accounts are these? One might think lost wallet, but the owner proved that it's not.


EDIT:
Also 5,000 BTC isn't that much compared to what some exchanges or funds have..

Another transaction with 5,000 dormant Bitcoin  from 7y ~ 10y age band
https://www.technopixel.org/10-thousand-bitcoins-awakened-after-7-years-is-selloff-coming/

This origin (~21000 BTC) is moving all their coins.

One funny detail:

transaction 0219d5bd944889a670687ffdf75e2d265b6066a355118eedd860a6aeb6f2eb32
https://explorer.viawallet.com/btc/tx/0219d5bd944889a670687ffdf75e2d265b6066a355118eedd860a6aeb6f2eb32
1 input ~5000 BTC
171 outputs, several outputs with exactly 47.98469209 BTC

 Huh

Has someone an explanation for these several 47.98469209 BTC? Check the transaction: https://explorer.viawallet.com/btc/tx/0219d5bd944889a670687ffdf75e2d265b6066a355118eedd860a6aeb6f2eb32
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