A Bitcoin wallet suddenly activates after 11 years

Ale88

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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 and such has spark many reactions and controversial views that it may be Satoshi bitcoin wallet, you could recall that the founder was last active on the forum same year the bitcoin wallet address was last active which makes it ignites lot of reactions that such could only be from Satoshi.

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The last time the inoperative address was functioning, Bitcoin was trading at a price of about $0.17. The top crypto asset by market cap has appreciated a staggering 23,150,500% during the time the address’s period of inactivity.
https://dailyhodl.com/2022/03/11/is-that-you-satoshi-over-20000000-in-bitcoin-btc-suddenly-moves-after-lying-low-since-2010/

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.

Other views:

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The most likely theory is that someone accidentally found their long-lost private keys and gained access to a massive fortune. Some are also speculating that the owner got out of jail and finally managed to cash out the cryptocurrency.
https://u.today/satoshi-era-bitcoin-wallet-suddenly-activates-after-11-years?amp

I agree with the second theory, so many people realized in the last few years that they had a lot of bitcoins sitting somewhere, probably because they mined them years and years ago and forgot where they store them. I believe Satoshi will never touch his bitcoins.

ninis45

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Until now, this assumption is still gray, there are those who think this is SN and there are also those who mention holder. if it is SN then it is very natural that he holds it in large numbers because what he believes is valuable and becomes real because it is a fair amount and truth as real it is satosi nakamoto is very possible the year 2010 a few years after the emergence of BTC in which the trust of bitcoin is still fragile

bearexin

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We have heard so many stories of people who joined Bitcoin mining around the time that Satoshi Nakamoto was around, and how a lot of them lost their private keys in one way or the other, so it is also possible that it can be someone who happened to find their own private keys and logged into the wallet to move their funds.

There isn’t a way that we can be so sure that this is Satoshi Nakamoto himself, since there are also other people that were around then and mining Bitcoin, and it is also possible that there are a few of them who might have stashed some Bitcoin in their wallet and saved it till date. So, you just can’t tell.

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Quote from: Darker45 on March 13, 2022, 11:28:43 PM

The details of the dormant Bitcoin wallet was traced back to October of 2010 and since Satoshi Nakamoto was last active on bitcointalk.org in December of 2010, there is reason to believe that the Bitcoin wallet could be Satoshi's. Can you see how absurd is that reasoning? It is devoid of any logic. Where is the connection?

Anyway, I don't even believe this is a case of HODLing. I think this is simply a case of an old Bitcoin wallet finally recovered after many years.

It is most likely true as you said that it is indeed an old wallet that is now reopened. But the question is if it is a matter of holding is it possible that they have that many bitcoin holdings other than Satoshi Nakamoto's?

Anything is possible, it can be an old wallet that the hodler suddenly decided to move it or it's an old forgotten wallet that has been recovered recently after a decade and etc. We can continue to guess and speculate on it but in the end we can't be so certain that it was SN who have moved these bitcoins because they were also miners aside from the Founder.

If indeed it's Satoshi Nakamoto, let him/her be because he/she deserves it and it is really none of our business.

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Quote from: btc78 on March 22, 2022, 11:47:54 PM

Quote from: HODLN on March 22, 2022, 10:40:29 PM

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Could this truly be Satoshi's wallet?

Sounds to me like someone remembered a forgotten laptop. Wouldn't surprise me if satoshi transferred some of his btc one day but with so many other potential individuals it is highly unlikely that any specific event was satoshi.

There is a similar post about that mate recently when a Loss account had been found in Old Laptop containing really a good amount of bitcoin , or maybe this is the story behind this post? i can't dig the thread but surely i come across this .

and also If Satoshi would move coins? surely we will notice because the 1 million Bitcoin In his wallet will alarmed the authority if being claimed .

Satoshi's own name no one knows the truth, and who he really is. I think this case is more likely to someone who is lucky like getting an unexpected fortune. especially with the current KYC it will make it easier for the authorities to investigate so that it will be known who the real owner is, and I don't think satoshi wants that to happen

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Quote from: HODLN on March 22, 2022, 10:40:29 PM

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Could this truly be Satoshi's wallet?

Sounds to me like someone remembered a forgotten laptop. Wouldn't surprise me if satoshi transferred some of his btc one day but with so many other potential individuals it is highly unlikely that any specific event was satoshi.

There is a similar post about that mate recently when a Loss account had been found in Old Laptop containing really a good amount of bitcoin , or maybe this is the story behind this post? i can't dig the thread but surely i come across this .

and also If Satoshi would move coins? surely we will notice because the 1 million Bitcoin In his wallet will alarmed the authority if being claimed .

HODLN

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Quote

Could this truly be Satoshi's wallet?

Sounds to me like someone remembered a forgotten laptop. Wouldn't surprise me if satoshi transferred some of his btc one day but with so many other potential individuals it is highly unlikely that any specific event was satoshi.

rodskee

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Why don't people stop speculating about SATOSHI connected thing? there are many people who bought Bitcoin in the past and lose their phrases or keys for long time and luckily find it recently and sold their coins in bulk what is the problem for that?
i even had a friend that has bought bitcoin in 2012 and lose access from His wallet and just find it again back in 2018 and decided to sell those 12 Bitcoin?
and besides this is the benefits of Bitcoin for long term that you can just simply sell them when you decide when .

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

(....)

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The most likely theory is that someone accidentally found their long-lost private keys and gained access to a massive fortune. Some are also speculating that the owner got out of jail and finally managed to cash out the cryptocurrency.
https://u.today/satoshi-era-bitcoin-wallet-suddenly-activates-after-11-years?amp

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

I am more positive for this theory because if it will be me, I will have a transaction within 11 years especially when the owner of that wallet is really active on the internet.
I believe that yeah, it's like long-lost private keys and gained access. I am wondering if the owner of those Bitcoin will start taking profits after a long period of time, very worth the wait.

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Quote from: ?? on ??

Quote from: Darker45 on March 13, 2022, 11:28:43 PM

The details of the dormant Bitcoin wallet was traced back to October of 2010 and since Satoshi Nakamoto was last active on bitcointalk.org in December of 2010, there is reason to believe that the Bitcoin wallet could be Satoshi's. Can you see how absurd is that reasoning? It is devoid of any logic. Where is the connection?

Anyway, I don't even believe this is a case of HODLing. I think this is simply a case of an old Bitcoin wallet finally recovered after many years.

It is most likely true as you said that it is indeed an old wallet that is now reopened. But the question is if it is a matter of holding is it possible that they have that many bitcoin holdings other than Satoshi Nakamoto's?

Of course, Satoshi wasn't the only person mining in 2010. As a matter of fact, in that year alone millions of Bitcoin were already mined. The block reward was 50BTC. The difficulty rate was low. A decent CPU is enough to earn a hundred Bitcoin a day. So it wasn't a hard thing to do. Lowly miners in 2010 should have acquired at least thousands of Bitcoin. So there must be a lot of whales from that period. But there's probably no other person who has as many Bitcoin as Satoshi.

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

Could this truly be Satoshi's wallet?

I don't think it's satoshi's wallet, because I believe satoshi is dead and left no ability for others to access his wallet.

What I do think is that many such old wallets exist from longtime users. They probably use their more recent wallet funds first in the event they need them, so a situation like this to me means that whoever owns it is likely out of newer Bitcoin and is having to tap his long held funds for use. Maybe this means someone is cashing out bigtime for something, or maybe it means they've lost faith. Nobody really can say. I do think that most likely it's just someone who has held Bitcoin long enough and is ready to have some fun with their funds. Nobody lives forever, so holding forever is illogical.

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Quote from: ?? on ??

There's not enough evidence to claimed that stranger as Satoshi Nakamoto. the wallet address probably belong to miners or someone who was worthy enough but recently need for money, or someone finally found his key that was lost cause so many people hold such amount of bitcoin then. But This is an incomplete subject but even after lack of evidence, people like to linked a person with satoshi Nakamoto, that's ridiculous

Lots of reasons you could really throw something on this particular situation.Whether;

-The wallet owner had found its keys recently(same as you said)
-Something in need in financial
-He sees this time is the best time to sell
-He does simply needs money
-He feels to sell those coins for long time

This isnt enough to say that it was Satoshi.

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Quote from: TheGreatPython on March 16, 2022, 02:25:05 PM

Quote from: Darker45 on March 13, 2022, 11:28:43 PM

~snip~

~snip~

The owner of this wallet is very lucky if ever it was recovered after a long time because this makes him an instant millionaire but other than it, this can also be a case of hodling because I know that there are large companies that are holding btc for a long time now up until now. Companies like micro strategies and others. Common people cant hodl that long but why would they sell now when the price was not good as the last pump?

MicroStrategy is not a long time Bitcoin HODLer. It is somehow a late-comer, as a matter of fact. Please correct me if I'm wrong, but the first time MicroStrategy bought Bitcoin was only in August of 2020, which means to say that it owns Bitcoin for only 1 year and several months. We will see how long it will keep its Bitcoin stash.

I don't agree that common people can't HODL that long. I think the owner of this wallet is an ordinary person and not a company. But, again, this is most probably a case of recovery rather than HODLing.

TheGreatPython

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Quote from: Darker45 on March 13, 2022, 11:28:43 PM

The details of the dormant Bitcoin wallet was traced back to October of 2010 and since Satoshi Nakamoto was last active on bitcointalk.org in December of 2010, there is reason to believe that the Bitcoin wallet could be Satoshi's. Can you see how absurd is that reasoning? It is devoid of any logic. Where is the connection?

Anyway, I don't even believe this is a case of HODLing. I think this is simply a case of an old Bitcoin wallet finally recovered after many years.

They think it has a connection because the year are the same but this evidence was not enough. It will be more believable if satoshi posted the same wallet in the forum or on somewhere and he says that it was his own but I don't think he did it? what if satoshi prefer to be anonymous and he don't want to leave any trace.

The owner of this wallet is very lucky if ever it was recovered after a long time because this makes him an instant millionaire but other than it, this can also be a case of hodling because I know that there are large companies that are holding btc for a long time now up until now. Companies like micro strategies and others. Common people cant hodl that long but why would they sell now when the price was not good as the last pump?

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I have followed the link of which OP is sharing the story, I have read it with interest to know the bitcoin wallet to which it refers. The link doesn't show it, I've kept looking on Twitter where the story originates and I find it.

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💤💤 A dormant address containing 489 #BTC (20,242,263 USD) has just been activated after 11.4 years (worth 50 USD in 2010)!

https://twitter.com/whale_alert/status/1501736039190249472?t=UgDf8w5xRoCLgD2Q01nipw&s=19

I have discovered that the address of the bitcoin wallet had 486 bitcoin and if it was active I think there has been an error.

Send bitcoin from Unknown wallet https://blockstream.info/address/17QBWJCGV4QbQhLbhcS7d9yB2S7DPLf4N9

To Unknown wallet https://blockstream.info/address/1LdJ4nyxrJqNB1oyr76rYerb2KDZk9wAvo

By the way the bitcoins are still in the last address. I have also used the blockchain explorer because I can see more details.

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Quote from: Darker45 on March 13, 2022, 11:28:43 PM

The details of the dormant Bitcoin wallet was traced back to October of 2010 and since Satoshi Nakamoto was last active on bitcointalk.org in December of 2010, there is reason to believe that the Bitcoin wallet could be Satoshi's. Can you see how absurd is that reasoning? It is devoid of any logic. Where is the connection?

Anyway, I don't even believe this is a case of HODLing. I think this is simply a case of an old Bitcoin wallet finally recovered after many years.

Yeah, the statement is not logical after all in 2010 with a small amount any one can stash a huge amount of Bitcoin, that Bitcoin is giving out for free just to create awareness for the new digital currency for it to gain activities some of those old Bitcoin holders are waking up their wallet now that their little investments in 2010 have turned to a fortune at the moment and will want to get active with the wallet any way no mentioning of any transactions on the wallet yet.

Darker45

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The details of the dormant Bitcoin wallet was traced back to October of 2010 and since Satoshi Nakamoto was last active on bitcointalk.org in December of 2010, there is reason to believe that the Bitcoin wallet could be Satoshi's. Can you see how absurd is that reasoning? It is devoid of any logic. Where is the connection?

Anyway, I don't even believe this is a case of HODLing. I think this is simply a case of an old Bitcoin wallet finally recovered after many years.

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

We have all been expecting Satoshi to come back for many years now, is this Satoshi wallet or one of those many fund stories any time the is activities on a whale addresses the fact is Satoshi will never return. We just have to move on and let the search for Satoshi's identity be put to rest.

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Quote from: NotFuzzyWarm on March 12, 2022, 04:25:40 PM

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...

Well should we pretend let's say satoshi is died .

And treat like those coins held in his wallet worth 44 billion dollar now would forever remain there untouchable.
We might stop this endless & pointless speculation if we found a proof that satoshi are no longer in this world.
So yeah let's pretend satoshi is died.

7788bitcoin

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Quote from: minairia3 on March 12, 2022, 04:42:30 PM

~
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.

It is possible that he lost his keys and now found out the private keys for the wallet, but the fact is there are a lot of users who mined during the initial days and never moved their coins and there is no need for them to move them as some of the moved from casual miners to serious miners and there is no need for them to use those wallets unless there is an emergency.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

kawetsriyanto

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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.

Maidak

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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.

Botnake

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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.

Odusko

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Quote from: Dave1 on March 11, 2022, 02:58:46 PM

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.

Dave1

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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.

Issa56

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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.

Odusko

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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.

boyptc

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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.

omone1

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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.

dothebeats

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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?

_BlackStar

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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.

SFR10

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Quote from: NeuroticFish on March 11, 2022, 09:12:18 AM

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

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.

That's a very good point, but the same thing can also be used to trick us ^{[having said that, because of the other output I still don't think it was him/her or them]}.

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

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...

Ultegra134

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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.

noormcs5

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Quote from: hatshepsut93 on March 11, 2022, 09:39:51 AM

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.

stompix

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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!

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

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.

bitzizzix

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Quote from: pawanjain on March 11, 2022, 09:51:52 AM

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.
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.

Natalim

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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).

Oceat

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

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.

jackg

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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).

pawanjain

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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

hatshepsut93

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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.

NeuroticFish

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

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.

BlackHatCoiner

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It wasn't Satoshi, move on.

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

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

Which proves what exactly? There were others mining in late 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

Alas if you believed every single theory on the internet, regarding this guy.

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

Could this truly be Satoshi's wallet?

I'm 100% sure it may be.

virasog

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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

Dunamisx

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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 and such has spark many reactions and controversial views that it may be Satoshi bitcoin wallet, you could recall that the founder was last active on the forum same year the bitcoin wallet address was last active which makes it ignites lot of reactions that such could only be from Satoshi.

Quote

The last time the inoperative address was functioning, Bitcoin was trading at a price of about $0.17. The top crypto asset by market cap has appreciated a staggering 23,150,500% during the time the address’s period of inactivity.
https://dailyhodl.com/2022/03/11/is-that-you-satoshi-over-20000000-in-bitcoin-btc-suddenly-moves-after-lying-low-since-2010/

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.

Other views:

Quote

The most likely theory is that someone accidentally found their long-lost private keys and gained access to a massive fortune. Some are also speculating that the owner got out of jail and finally managed to cash out the cryptocurrency.
https://u.today/satoshi-era-bitcoin-wallet-suddenly-activates-after-11-years?amp

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

Topic: A Bitcoin wallet suddenly activates after 11 years (Read 677 times)