Topic: A Bitcoin wallet suddenly activates after 11 years - page 3. (Read 677 times)
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.
Just to add though, I stop following his twitter account because of this. Every time there is dormant account that suddenly wakes up and do some transaction, whether moving it to another wallet or selling, there are a lot of speculations that goes along with the movement and most of the time it just created another FUD. And so to remain everyone, bitcoin addresses doesn't have names on it so we really don't know we are the owner of those wallet so stop speculating that it might be Satoshi himself.
I don't know why any time there is an old wallet movement there is always speculation around it and they're tied this down to Satoshi, there are big bag holders of Bitcoin from the Satoshi era as the price was cheap at that time and anyone can easily have a bag load of bitcoin with just small amount of capital. 
Just to add though, I stop following his twitter account because of this. Every time there is dormant account that suddenly wakes up and do some transaction, whether moving it to another wallet or selling, there are a lot of speculations that goes along with the movement and most of the time it just created another FUD. And so to remain everyone, bitcoin addresses doesn't have names on it so we really don't know we are the owner of those wallet so stop speculating that it might be Satoshi himself.
I don't really think it's might necessarily be satoshi wallet address, the wallet address was last active since 2010 those not mean the wallet address belongs to satoshi, the wallet address might just be for someone who bought bitcoin and decided to hold it till now and also am not saying the wallet address is not for satoshi nobody knows the owner of the wallet address, so I believe we can't just jump into conclusion.
I read the news yesterday and I was left with a lot of thoughts, how determined the wallet owners is to have turned around $50,000 investment into almost hundred of million roller asset holding for roughly 11 years is not a small thing and the owner is indeed I steel hand Bitcoin holder. I have read quite a good number of posts about whale movement in the Bitcoin network which shows how active the network will become going forward.
I've read about this news but I have never thought that this was Satoshi's. I don't know what's with people that have thought that with 489 bitcoin is being owned by Satoshi.
There were even people that have thousands of bitcoin and they're not Satoshi. But too bad that many of them have completely forgotten their keys and lost their hard drives.
Well, every bull run, there's always a dead wallet that comes out of its death that holds a lot of bitcoin.
There were even people that have thousands of bitcoin and they're not Satoshi. But too bad that many of them have completely forgotten their keys and lost their hard drives.
Well, every bull run, there's always a dead wallet that comes out of its death that holds a lot of bitcoin.
Whoever owns the wallet is lucky to have been part of the early days of bitcoin, If I were lucky enough, I should have been wise enough to accumulate enough bitcoin in its earliest days. I don't believe it's Satoshi's wallet.
People should stop the notion that any dormant bitcoin wallet from 2010 and earlier are Satoshi's. By that time, there are tens or even hundreds of people that know bitcoin, and were probably mining too just to see what the project really is. Also at that time, bitcoin can already be exchanged to fiat, so for sure there are those who tried to mine it while they can and just see what can they make out of it. It is fascinating to see that someone still has access to bitcoins of old, but do we really have to connect it to Satoshi always?
Do we always have to argue every time the old wallet is reactivated? I don't think it looks good because all cases like this don't belong to satoshi in the end.
You don't have to doubt anything about satoshi and his bitcoin holdings in his famous wallet, he may still be selling the bitcoin [if he is still alive] he owns from mining which we may not be able to detect his wallet. Obviously satoshi has plenty of options for that, but we don't have to argue every time an old wallet is activated. I'm pretty sure that the owner of the wallet at the OP isn't a satoshi, and I really don't think so.
You don't have to doubt anything about satoshi and his bitcoin holdings in his famous wallet, he may still be selling the bitcoin [if he is still alive] he owns from mining which we may not be able to detect his wallet. Obviously satoshi has plenty of options for that, but we don't have to argue every time an old wallet is activated. I'm pretty sure that the owner of the wallet at the OP isn't a satoshi, and I really don't think so.
Could this truly be Satoshi's wallet?
Nope, not at all. I believe that Satoshi is smart enough to not touch all those dust inputs in his address; yet, the transaction has touched some 20 almost worthless inputs.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$ ?
Perhaps the user in question just wanted to move his/her BTCitcoins into a better or rather more secure wallet, as opposed to exporting the private keys or other stuff... 
Despite if it's Satoshi or not, I doubt that he is but anyway, it's outstanding that someone kept Bitcoin for that long. Who knows, was this wallet lost for over a decade and recovered just now? Was he waiting for the right moment to wake up? Was he actually holding on purpose since 2010? There are a lot of questions, unfortunately, we'll never receive the corresponding answers. I doubt about the second though, since we're way far from November's ATH, while the market isn't at its best state currently.
Satoshi wasn't the only person who used bitcoin in 2010, and it's really not surprising that the amount is large by today's standards, because back then it was a small amount, so maybe someone found their old wallet. If Satoshi tried to dump, it would happen on a much larger scale.
I just read this news and surprised to know this. Can anyone tell me did he tried to withdraw money into fiat or it was just a movement between the wallets.
Even if he has no plans to dump, it will certainly create some panic in the market and unfortunately people dump on the fear and buy on the hype. If that wallet belong to whales, they can very easily manipulate the market.
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!
Sorry but this is not a sign of being smart.
If Satoshi wanted to use those coins ever again and he would have been in control all the time he would have split his coins into smaller sums and tumbled them to hell during bull seasons in 2011 and 2013 when poeple would have thought it was just one of the usual holders moving coins around when there wasn't that much attention on his persona and wealth not wait 11 years and then suddenly move 500 coins.
Seriously, stop with these, what's your business with what other poeple do? Zero! So stop it!
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.
Sorry but this is not a sign of being smart.
If Satoshi wanted to use those coins ever again and he would have been in control all the time he would have split his coins into smaller sums and tumbled them to hell during bull seasons in 2011 and 2013 when poeple would have thought it was just one of the usual holders moving coins around when there wasn't that much attention on his persona and wealth not wait 11 years and then suddenly move 500 coins.
It can literally be anything.
1. Someone bought BTC back then and decided to hold it until now.
2. Someone bought BTC back then and lost the keys and surprisingly found it now.
3. Someone bought BTC back then sold the computer/drive to someone and may be someone just found the wallet now.
4. Someone was lucky enough to hack someone's computer and move the coins.
5. May be it was indeed Satoshi or one of his friends trying to move the coins.
I can keep going on but there's no point. The thing we should keep a note of is that there are people who HODL for so long.
If they can, we can too. #HODL
We are all just speculation and most likely it could happen, at that time the price of bitcoin was very low and even worthless and everyone could buy it in very large quantities.1. Someone bought BTC back then and decided to hold it until now.
2. Someone bought BTC back then and lost the keys and surprisingly found it now.
3. Someone bought BTC back then sold the computer/drive to someone and may be someone just found the wallet now.
4. Someone was lucky enough to hack someone's computer and move the coins.
5. May be it was indeed Satoshi or one of his friends trying to move the coins.
I can keep going on but there's no point. The thing we should keep a note of is that there are people who HODL for so long.
If they can, we can too. #HODL
and your reasoning also makes sense, because it's possible that some of the things you mentioned happened because we all didn't know the truth and the point at that point was that anyone could own large amounts of bitcoin.
The rumors can be true but never find it officially that was coming from satoshi or anyone else who buy it and hold it for 11 years. And I know nobody will claim it that was their mine to keep safe. This is not just an ordinary person, not belongs to a single person either but I suspected this the wallet compose of many individuals.
But I'm not sure this is a plan, they even miss the 2021 ATH if they wanted to sell it. So probably there is another reason for this ultimate amount of withdrawal, they might be in sharing (just my suspicion).
But I'm not sure this is a plan, they even miss the 2021 ATH if they wanted to sell it. So probably there is another reason for this ultimate amount of withdrawal, they might be in sharing (just my suspicion).
Could this truly be Satoshi's wallet?
It may be since we don't know exactly if Satoshi is a single person or a team so I've come up an idea that it was one of Satoshi's team or Satoshi himself. We can't be certain about who's the owner of that wallet but we know that it's one of the whales today and we can only speculate who's the possible owner but we can't certainly point. One of the rumors about it might be true.
I think if satoshi were wanting to let go of their funds, this is probably how they'd do it (just send smaller fragments of bitcoin over a longer period of time to sell it off).
There were quite a few other people mining bitcoin at the time satoshi did though too and it would seem more likely that its one of those miners (since randomly discovering a wallet makes more sense than someone who's been quite silent returning).
There were quite a few other people mining bitcoin at the time satoshi did though too and it would seem more likely that its one of those miners (since randomly discovering a wallet makes more sense than someone who's been quite silent returning).
It can literally be anything.
1. Someone bought BTC back then and decided to hold it until now.
2. Someone bought BTC back then and lost the keys and surprisingly found it now.
3. Someone bought BTC back then sold the computer/drive to someone and may be someone just found the wallet now.
4. Someone was lucky enough to hack someone's computer and move the coins.
5. May be it was indeed Satoshi or one of his friends trying to move the coins.
I can keep going on but there's no point. The thing we should keep a note of is that there are people who HODL for so long.
If they can, we can too. #HODL
1. Someone bought BTC back then and decided to hold it until now.
2. Someone bought BTC back then and lost the keys and surprisingly found it now.
3. Someone bought BTC back then sold the computer/drive to someone and may be someone just found the wallet now.
4. Someone was lucky enough to hack someone's computer and move the coins.
5. May be it was indeed Satoshi or one of his friends trying to move the coins.
I can keep going on but there's no point. The thing we should keep a note of is that there are people who HODL for so long.
If they can, we can too. #HODL
Satoshi wasn't the only person who used bitcoin in 2010, and it's really not surprising that the amount is large by today's standards, because back then it was a small amount, so maybe someone found their old wallet. If Satoshi tried to dump, it would happen on a much larger scale.
Could this truly be Satoshi's wallet?
Nope, not at all. I believe that Satoshi is smart enough to not touch all those dust inputs in his address; yet, the transaction has touched some 20 almost worthless inputs.
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