A Bitcoin wallet suddenly activates after 11 years - page 2.

minairia3

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Quote from: Dunamisx on March 11, 2022, 08:57:30 AM

-snip
I learnt one thing, that from every rumour, there's an element of truth.
Could this truly be Satoshi's wallet?

An acquaintance of mine bought some bitcoins last 2016 but unfortunately, he lost his private key. As far as I know, he had saved the private key in his mail draft, but he lost access to that private key because he lost his mail password.

But last year the price of Bitcoin skyrocketed, so he thought of his wallet and was able to recover the lost email address by contacting Gmail's support.

Maybe such an incident has happened in this case also because holding for 11 years is a very difficult task. But whatever, I don't think it is Satoshi, because he has been able to hide his footprints very well.

NotFuzzyWarm

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Quote from: stompix on March 11, 2022, 11:00:00 AM

For poeple who claim that one of the main advantages of Bitcoin is its pseudo-anonymity some Bitcoiners do have a really weird fetish of wanting to know who is the guy owning this and that, when has he bought the coins, where is he sending the money, does he plan on selling or not, full name, shoe size,] and favorite pizza.

Seriously, stop with these, what's your business with what other poeple do? Zero! So stop it!...

Spot on!
The world has always been populated with far too many folks that just LOVE to endlessly speculate on just about anything no matter how pointless it is...

eaLiTy

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The problem is that whenever there is a movement from one of the early wallets prior to 2011, the rumor of Satoshi coins moving make the rounds in the media and we have seen that time and again. The fact is there were many users mining the coins during those period and it could be anyone who was holding them and never moved their coins to a new wallet.

The fact is, other than the genesis block and a few early block no one has any idea what are the wallet Satoshi was holding and there is no way to predict whether he kept on mining even after his disappearance from the forum or public space.

Kakmakr

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There are really a whole bunch of Satoshi Stalkers on this forum. Roll Eyes

If Satoshi wanted money.... he would create something revolutionary ...like he did with Bitcoin and the Blockchain and people will never know it is him or they.

Why put the spotlight on himself after all of these years.... when he knows those addresses are being monitored? Remember one thing.... Satoshi developed this technology and then he posted it online for others to start mining the tokens. A lot of people mined coins back then ...and a lot of it.... and they knew it was illegal at the time... so they all hid their true identities. Wink

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Quote from: Bitstar_coin on March 12, 2022, 02:05:10 PM

Is there a way to determine a particular wallet among these old idle wallets belong to satoshi? or just a random guess on all the old wallet that hasn't been active for the past 10 years, it could very well be anyone, i don't get why a genius like satoshi would want to move his/her coins at this price and in this market condition.
Anybody knows if the wallet the coins was moved to belongs to an exchange or not, if the purpose of the move is to sell or for some other reason. Does seem strange that after several years of idleness the owner decided to move the coins now, hope the wallet is not compromise.

There is no way to determine Satoshi's wallet, we may estimate but nothing is confirmed.
BTW, Whoever the wallet is, he's been holding it for 11 years, which is amazing. We should learn from this without worrying. Long-term holding is always profitable.

However, I think it is not Satoshi's wallet at all, it is more likely to be a cold wallet of a large exchange, because if someone had such an amount of BTC at the individual level, he would have sold everything by now, It is reasonable to hold 11 years only at the institutional level and in case of large exchange.

Bitstar_coin

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Is there a way to determine a particular wallet among these old idle wallets belong to satoshi? or just a random guess on all the old wallet that hasn't been active for the past 10 years, it could very well be anyone, i don't get why a genius like satoshi would want to move his/her coins at this price and in this market condition.
Anybody knows if the wallet the coins was moved to belongs to an exchange or not, if the purpose of the move is to sell or for some other reason. Does seem strange that after several years of idleness the owner decided to move the coins now, hope the wallet is not compromise.

doomloop

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Quote from: BlackHatCoiner on March 11, 2022, 09:11:33 AM

It wasn't Satoshi, move on.

That is simply the best thing that we all can all do right now, just to move on. There’s no way that we can prove that this is Satoshi Nakamoto himself making that transaction. And another thing here is that Satoshi doesn’t even want to reveal his identity, and a lot of people has been trying hard for long now to reveal his identity and prove who Satoshi Nakamoto really is, but all of them have failed in doing so.

And we have also seen so many people who claimed to be Satoshi Nakamoto while they are not. And even if you are to know who made this transaction, you are not even sure whether they are the real Satoshi Nakamoto, because he wasn’t the only one that was mining Bitcoin in the early years.

fdc3j

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Quote from: virasog on March 11, 2022, 09:02:32 AM

Quote from: Dunamisx on March 11, 2022, 08:57:30 AM

Could this truly be Satoshi's wallet?

This cannot be determined whether it is a satoshi wallet or any other big whale wallet. What spurries me that who ever is behind that wallet did not move the funds when bitcoin was 20,000$ in 2017, didn't move when bitcoin was twice over 60,000$ , so what the point in moving the coins when bitcoin is under 40,000$ ?

The details can be found here
https://whale-alert.io/transaction/bitcoin/23f998960590b7f27deb8ecc1959b3ccdf6a3762624088904d62c413acff6b38

Because it is difficult to time the market? Being a whale does not make you better at speculation.

erep

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All perspectives will assume it is Satoshi because of the transaction proof from 2010. However, it has nothing to do with Satoshi as we know he is not the only one with BTC balance since 2010, when BTC price was $0.09 ^[chart] with an estimated 489 BTC of only $44. I don't see the downside of FUD about Satoshi, but this is portfolio as real proof that BTC is worth holding on to for the long term and maybe in the next 11 years we will have the same luck with the price of $300k BTC.

TimeTeller

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Quote from: aoluain on March 11, 2022, 06:34:39 PM

It seems to me that if the article had omitted the word "Satoshi" there would
be far fewer people infatuated by the possibility of Satoshi's involvement.

Quote

~~Is That You Satoshi?~~ Over $20,000,000 in Bitcoin (BTC) Suddenly Moves After Lying Low Since 2010

You see most of us are interested in the romanticism and intrigue of historical
wallets with big amounts coming to life, less so about the owner and the effects
on the market.

People love to know the mystery of something.
And this of course won't be an exemption to the prying eyes of the crypto community.
Such huge amount will indeed trigger an alert here. Though we don't know if it is Satoshi or not.
Whoever it is, we won't know him unless he himself will disclose his identity.
Either way, just mind your own business as digging into this will not give you any benefit.

aoluain

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It seems to me that if the article had omitted the word "Satoshi" there would
be far fewer people infatuated by the possibility of Satoshi's involvement.

Quote

~~Is That You Satoshi?~~ Over $20,000,000 in Bitcoin (BTC) Suddenly Moves After Lying Low Since 2010

You see most of us are interested in the romanticism and intrigue of historical
wallets with big amounts coming to life, less so about the owner and the effects
on the market.

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Quote from: virasog on March 11, 2022, 09:02:32 AM

Quote from: Dunamisx on March 11, 2022, 08:57:30 AM

Could this truly be Satoshi's wallet?

This cannot be determined whether it is a satoshi wallet or any other big whale wallet. What spurries me that who ever is behind that wallet did not move the funds when bitcoin was 20,000$ in 2017, didn't move when bitcoin was twice over 60,000$ , so what the point in moving the coins when bitcoin is under 40,000$ ?

The details can be found here
https://whale-alert.io/transaction/bitcoin/23f998960590b7f27deb8ecc1959b3ccdf6a3762624088904d62c413acff6b38

Personally I think the most likely scenario is that this person had lost their wallet and now they have recovered it and decided to immediately move their funds to an address from which they have several backups of the seed words and the private keys, another option is that maybe something unexpected came up and they needed money immediately to pay for whatever need that suddenly appeared and as such they are planning to sell even if this is not the optimal time to do so.

suzanne5223

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Quote from: Dunamisx on March 11, 2022, 08:57:30 AM

489 btc

It's BTC not btc.

Quote from: Dunamisx on March 11, 2022, 08:57:30 AM

To be sincerely with the way it looks from the above quote, one could easily believe its Satoshi haven being in possession of such huge amount as at then

It surprises me that some people presume the owner of the wallet that 489BTC while was cold storage since the year 2010 to be Satoshi when it could be anyone among the early Bitcoin miners. Mind you, Laszlo Hanyecz spent 10,000 Bitcoins on that same year when the 489BTC was saved.
If he could spend 10,000BTC on a pizza it means he has more BTC.

DoublerHunter

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Quote from: Maidak on March 11, 2022, 04:01:54 PM

This is nothing new. It is often seen that these old wallets become active. Maybe its have been used as a cold wallet of an exchange or A big whale may be transferring funds, to create volatility in the market. No worries, the Bitcoin market is now very strong at $30K, I don't see any fear of it going down.

^ There could be many possibilities that will happen, it could be a recover BTC wallet or it could be from mining BTC wallet or you are right, it could be from exchange transferring the fund. There is nothing to worry about, BTC will go up once the demand were good in the market and it seems I saw that the adoption s worldwide BTC has an advantage on it like what happened now, Russia and Ukraine are now using BTC on their own needs. I don't think there is Satoshi until now, the great creator of BTC could be passed away and even that is Satoshi, he/they will not spend their BTC as much as possible.

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Quote from: Botnake on March 11, 2022, 03:58:43 PM

Why would we always refer it to satoshi? These are just rumors, $20 million worth of bitcoin is just a small amount of money compared to Satoshi's holding, Do let's calm down ourselves and consider it as a normal transaction from the whales. Besides, in 2010, not only Satoshi owned some bitcoins, maybe he owned the biggest slice but not everything in the circulation.

People should really be thinking up this way on which not only Satoshi owned some bitcoins on that particular period on which there are still who do engage out on early phase and now that it do wake
up for a very long time then we could presume that the owner had just able to find out his lost coins or pk's on opening his wallet for a very long time or just simply the right time for him/her to
sell his coins.No one really knows the story behind so lets mind our own business and let those whales able to cherish out their holding.

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Quote from: Maidak on March 11, 2022, 04:01:54 PM

This is nothing new. It is often seen that these old wallets become active. Maybe its have been used as a cold wallet of an exchange or A big whale may be transferring funds, to create volatility in the market. No worries, the Bitcoin market is now very strong at $30K, I don't see any fear of it going down.

Whatever the case may be, let's just be prepared and see what happens next. Kindly share it to us if you stumble upon articles like this, I haven't seen much of these old accounts getting activated just recently after a long years.

Smartvirus

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With the anonymity that comes with bitcoin addresses, one can hardly say if I Satoshi Nakamoto or not. I understand the controversial view that might be attached to this addresses and transaction but, we'e got to get one thing straight;

* These funds could have been earned either through mining/bought or gotten through other legal means
* Its some one's hodling over the time frame mentioned in OP
* Choosing to take profit now or make transactions with the wallet has got nothing to do with the progress of bitcoin
* Theee are so many other wallet addresses that could have gone mute in the same year too

Be it Satoshi or not, it's got little or no effect on bitcoin aside, pushing towards the bears or the bulls.

HODL

Fortify

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Quote from: Dunamisx on March 11, 2022, 08:57:30 AM

I learnt one thing, that from every rumour, there's an element of truth.

You didn't learn anything true or useful then, sound a bit gullible more than anything. While it's interesting to see a wallet "reactivate" after such a long time, it's pointless trying to work out who the owner might be and you're better off not trying to hypothesis leads because there is no purpose to it. There are lots of people with lots of money out there, maybe this wallet got cracked, maybe someone came out of a coma for ten years, what benefit is it to you? People always trying to unmask Satoshi when part of the charm and mystery around this entity is that they stay unknown forever, it's better that way. Either way, this person has just unlocked a lot of cash, so good luck to them.

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Quote from: Dunamisx on March 11, 2022, 08:57:30 AM

Yet another anonymous bitcoin transaction of about 489 btc that is worth $20,000,000 million was said to occur from a domant bitcoin wallet address as reported by a tracking bot called "whale alert" with details traced to October 2010 of it last active date, this was related to the last active date of bitcoin founder Satoshi Nakamoto on the bitcointalk.org forum in December, 2010

Quote from: Dunamisx on March 11, 2022, 08:57:30 AM

To be sincerely with the way it looks from the above quote, one could easily believe its Satoshi haven being in possession of such huge amount as at then and from the look of the price at $0.17 btc worth placed on (hodl) over a very long time, and the wallet it was transferred into remains anonymous. who could have been smarter in doing this other than the founder himself as of then when information and technology of bitcoin ecosystem is premitive to bitcoiners.

This is NOT strong proof if it is Satoshi's wallet. The last active in 2010 and a big number of BTC on the wallet cannot be the reason you can judge it is a wallet related to Satoshi. There should be some people who became the early BTC holders in 2010, not only Satoshi. If you concluded it as a satoshi wallet, simply very hasty. Anyway, since the price of BTC is very cheap in 2010, people must be easy to collect a large number of BTC on their wallets. So, actually, it is not very surprising to see 498 BTC on a single wallet. Grin

In addition, Satoshi must be smart enough to keep their BTC. He knows if he moves a large number of BTC, it can be monitored by people around the world. And he mustn't sell his BTC in a downtrend phase like the current trend in crypto market. He must sell his BTC when it is in a bullish phase if he wants to sell it.

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This is nothing new. It is often seen that these old wallets become active. Maybe its have been used as a cold wallet of an exchange or A big whale may be transferring funds, to create volatility in the market. No worries, the Bitcoin market is now very strong at $30K, I don't see any fear of it going down.

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