Bitcoin whale 'awakens' after 10 years. - page 2.

Reatim

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Quote from: crypticj on June 27, 2023, 03:38:41 AM

Quote from: Z390 on June 13, 2023, 03:47:17 AM

Quote from: crypticj on June 13, 2023, 03:21:22 AM

I hope this guy won't start selling it right now haha.

We already have a pretty big pressure on the bitcoin and the crypto market so it will send everything to hell pretty quickly.

But I think people like him will probably wait for bitcoin to go to 100k and beyond before selling even one coin.

We are talking about Bitcoin here, few whales have sold big numbers of Bitcoin in the past and we don't even noticed, there are more whales that will buy up these thousand pieces of Bitcoin in days, believe that, it has happened before and it will keep happening in future, so, brother whale, if you are listening to this, proceed and sell your Bitcoin, i will keep buying what I can afford and I will one day end up with good numbers of Bitcoin.

The same whales can't keep topping the chart of biggest holders for life, when the time is right there will be new readjustment among the biggest holders, it's nothing alarming.

If he will sell $37.8 million of bitcoins we WILL feel it. Bitcoin will go down because it's a huge sum. And considering that people are also will start selling Bitcoin as it goes down because of the panic, Bitcoin can go pretty low because of the whales. It's not happening all the time, but sometimes the market has a pretty strong reaction.

actually the wallet is already given then we can follow that address to know what really happened, hope that he did not sell or hoping that there is no plan any time soon.
though Indeed that we will be affected once those big whales decides to sell all their coin as there will surely a dumping to come.

bitterguy28

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Quote from: balotelli on June 13, 2023, 02:07:24 AM

A Bitcoin whale account unexpectedly comes back to life after 10 years as it transfers an equivalent of $37.8 million to another wallet. Data on Lookonchain on June 8th reveals that a Bitcoin account that had been dormant for over 10 years has transferred a total of 1,432.93 BTC, equivalent to $37.8 million, to a new address named 'bc1psv'.

if I remember it right , last month there is similar thread that a whale woke up from long time of inactivitiy.

Quote from: Stella Mese on June 26, 2023, 08:15:59 PM

actually if the person wants to sell his btc now I don't think it's right, because I think it would be more appropriate if he sold it at the HALVING of bitcoin or bitcoin during BUL RUN, but of course selling or not is their right (the person who owns bitcoin) so we'll see just how it goes, because bitcoin is fluctuating in nature so in this case it's normal. but i hope we all benefit from our investment in bitcoin.

but how can we hinder if the whale badly needed the money, but since there is no selling instead transferring only then we must not be a problem now.

crypticj

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Quote from: Z390 on June 13, 2023, 03:47:17 AM

Quote from: crypticj on June 13, 2023, 03:21:22 AM

I hope this guy won't start selling it right now haha.

We already have a pretty big pressure on the bitcoin and the crypto market so it will send everything to hell pretty quickly.

But I think people like him will probably wait for bitcoin to go to 100k and beyond before selling even one coin.

We are talking about Bitcoin here, few whales have sold big numbers of Bitcoin in the past and we don't even noticed, there are more whales that will buy up these thousand pieces of Bitcoin in days, believe that, it has happened before and it will keep happening in future, so, brother whale, if you are listening to this, proceed and sell your Bitcoin, i will keep buying what I can afford and I will one day end up with good numbers of Bitcoin.

The same whales can't keep topping the chart of biggest holders for life, when the time is right there will be new readjustment among the biggest holders, it's nothing alarming.

If he will sell $37.8 million of bitcoins we WILL feel it. Bitcoin will go down because it's a huge sum. And considering that people are also will start selling Bitcoin as it goes down because of the panic, Bitcoin can go pretty low because of the whales. It's not happening all the time, but sometimes the market has a pretty strong reaction.

Stella Mese

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actually if the person wants to sell his btc now I don't think it's right, because I think it would be more appropriate if he sold it at the HALVING of bitcoin or bitcoin during BUL RUN, but of course selling or not is their right (the person who owns bitcoin) so we'll see just how it goes, because bitcoin is fluctuating in nature so in this case it's normal. but i hope we all benefit from our investment in bitcoin.

Yatsan

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Not a new thing and for sure there are more to wake up on the next months. One reason I guess, is the upcomming Bitcoin halving. For sure they saw the potential of such event with the previous one and they might be getting ready for something which is why they are moving some of their assets.

Quote from: GeorgeJohn on June 26, 2023, 04:20:37 PM

Quote from: siedemtrzy on June 13, 2023, 02:28:10 AM

Wow, I wonder if he found his lost keys or just really was holding them for 10 years. And if he decided to sell it now it's not the best moment to do that, lol. We'll see how it goes anyway.

The best thing a cryptocurrency investors can do is to make sure that you keep your coin for long time and don't rush or panic to sell out your coin, i believe that people who is into long term investment do make profit whenever the price of Bitcoin accelerate to a certain point that's above the level of the initial price you purchase the coin, it's very good for someone to invest for long term instead of short term investment.

Depends on your vision and preference as an investor. If you're not patient, then long term holding won't fit on your end. You need to know which strategy would suit you well. Ofcourse it would be always easy to say "do not panic" but once you are in their foot, during a market crash, for sure you'd be affected by your thoughts of cutting the loss, those what if's and the likes. We are all prone to it as investors.

aoluain

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Quote from: franky1 on June 13, 2023, 04:13:39 AM

this is old news
it was talked about a few days ago with a similar thing.. whereby coins that were generated in 2009. were spent into exchanges like mtgox and the stash in mtgox from 2013 is now moving due to the bankruptcy administration..

whales are people holding 100k plus. like M.saylor, or other entities that OWN their stash..

this however is not a whale, but a shark.. and also its a mtgox stash. thus not an individual owner but a small part of mtgox total hoard stuck in bankruptcy administration

this event is not a sell-off. its just a re-organisation of the mtgox stash ready to pass out to creditors in the future (moving from cold to hot wallets so to speak)

There we go, I didnt bother reading replies after this post.

Its amazing how this sort of news gets a lot of attention and how it can affect the markets
because of FUD. Some people who get affected by big movements of Bitcoin cant see
that it only affects the markets on the short term.

The sooner the mtgox stash gets divvied out the better, it will put an end to some peoples
nervousness. . .

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Quote from: siedemtrzy on June 13, 2023, 02:28:10 AM

Wow, I wonder if he found his lost keys or just really was holding them for 10 years. And if he decided to sell it now it's not the best moment to do that, lol. We'll see how it goes anyway.

The best thing a cryptocurrency investors can do is to make sure that you keep your coin for long time and don't rush or panic to sell out your coin, i believe that people who is into long term investment do make profit whenever the price of Bitcoin accelerate to a certain point that's above the level of the initial price you purchase the coin, it's very good for someone to invest for long term instead of short term investment.

Ale88

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Quote from: balotelli on June 13, 2023, 02:07:24 AM

A Bitcoin whale account unexpectedly comes back to life after 10 years as it transfers an equivalent of $37.8 million to another wallet. Data on Lookonchain on June 8th reveals that a Bitcoin account that had been dormant for over 10 years has transferred a total of 1,432.93 BTC, equivalent to $37.8 million, to a new address named 'bc1psv'.

The last activity of this account was on April 9, 2013, during the period known as the 'Satoshi era,' when it received 1,432.92 BTC at a price of $195 per Bitcoin. This means the investor had invested $280,000 and could potentially make a profit of nearly $37 million if they decide to sell all the coins in the wallet at this time.

Currently, the intentions of the owner cannot be determined. Data from Cointelegraph shows that every previous awakening of a 'whale' has resulted in significant fluctuations in the Bitcoin market. The event has garnered attention from the cryptocurrency community due to the potential impact of the origin of these coins on early-stage participants.

The first thoughts after reading the thread: it's impressive to see someone who had the possibility to invest/risk almost $300k in bitcoin back in 2013, this person is either super rich, so can lose $300k without any problem, or a huge gambler and believer at the same time. For sure his bet paid out very well!

Second thing, I saw people worried about this guy selling, I don't see the problem, the market won't change because someone is selling 1-2k BTC...

Wimex

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Quote from: balotelli on June 13, 2023, 02:07:24 AM

A Bitcoin whale account unexpectedly comes back to life after 10 years as it transfers an equivalent of $37.8 million to another wallet. Data on Lookonchain on June 8th reveals that a Bitcoin account that had been dormant for over 10 years has transferred a total of 1,432.93 BTC, equivalent to $37.8 million, to a new address named 'bc1psv'.

The last activity of this account was on April 9, 2013, during the period known as the 'Satoshi era,' when it received 1,432.92 BTC at a price of $195 per Bitcoin. This means the investor had invested $280,000 and could potentially make a profit of nearly $37 million if they decide to sell all the coins in the wallet at this time.

Currently, the intentions of the owner cannot be determined. Data from Cointelegraph shows that every previous awakening of a 'whale' has resulted in significant fluctuations in the Bitcoin market. The event has garnered attention from the cryptocurrency community due to the potential impact of the origin of these coins on early-stage participants.

It causes a bit of intrigue what this person did, being inactive and suddenly appearing and selling his assets Randomly, and more so in the bearish situation in which bitcoin is currently. Maybe he had his reasons for doing such an act, maybe he had a beam up his sleeve and decided that it was the right time to make his move, or simply something that goes beyond thinking strategically forced him to do this, no matter the case. , I am almost unequivocal that it will benefit another or others who can buy that amount and see their potential by having them, because when bitcoin fluctuates favorably it will generate great profits, rest assured. It is normal to see that when a whale appears it causes an impact both for the bitcoin community and for its price, but given the amount exposed, I think we can rest easy and not expect much.

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Quote from: Peanutswar on June 26, 2023, 07:44:46 AM

People are afraid of this awaken of the whales because they know the possibility of this account making a sell and this makes the reason why their invested asset crashes, one of the factors this that get triggered every time people see an inactive wallet does have a lot of BTC holding and make a transfer. Even though the hodlers era of BTC knows the possibility that there's a chance they could sell and immediately get a profit some of them will hold for sure and wait for the Halving again for another ATH profit at the end no one knows.
If the market crash because of the whales there's another whale grab the opportunity to bought back again

1,432.93 BTC at $37.8 million will not affect the price of Bitcoin significantly. So there is no need to panic about this awakening and the move of funds. The owner has his reason for moving it and it might not be that he is selling. I am more concerned about this holder's profit from keeping his funds. He invested $280,000 and is collecting $37.8 million in ten years. I have never come across any legal business that can give this kind of profit. The most important thing is to keep your coins safe because Bitcoin will always rise.

Flexystar

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Have you guys noticed how tiny fiat looks when we talk about the transactions in terms of Bitcoin? Just look at it, the whale transferred 1400 bitcoins into other wallet. It sounds so normal when we consider bitcoin with fiat-less value. I think that also defines how powerful bitcoin is when we count it in terms of lets say dollar, 37 million dollars! Crazy.

Quote from: Crypt0Gore on June 13, 2023, 04:24:44 AM

Weeks back there was a rumor that some Bitcoin whales are intentionally changing their wallet, due to few whales losing their long locked Bitcoin inside a wallet that was never moved, I think it's possible that this whale is just trying to stay secured, when Bitcoin sits in a wallet for long time there is a possibility that your key is about to get compromised, that's on the owners side of thing though, I do like changing wallet every single year too, I move all my funds out into a newly created wallet, same thing might be happening here.

You just made me think about my wallet twice and thrice now. I am not sure how true it could be but hope so such situation do not arise in my case with my pocket money (as compared to these whales, lol). May be hackers try to get into big fishes such as the one mentioned in the OP. Obviously if someone is gonna go for crypto wallet then be it a jumbo life settled amount like millions of dollars. Anyways, but it is good precautious step when it comes to safe guarding your crypto. These days even fake apps to fake emails all are embedded with the phishing links. So definitely stay safe guys.

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Amazing to know that this simple act of "resurrection" actually made some dint in the marketplace. Anyway, am sure we could just speculate as to the surrounding story of the wallet owner and the main intent of that move. Let's see if he would be letting go of his BTC or readying to do the same in case there can be a big bullish move of the market.

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Quote from: Cryptomultiplier on June 26, 2023, 07:34:53 AM

Quote from: Blitzboy on June 13, 2023, 09:06:46 AM

Well, isn't that interesting? An ancient whale decides to resurface! Waking up after a decade, no less. Just goes to show how unpredictable the Bitcoin market can be. One cant help but wonder about the reasons behind this move. Is the whale planning to cash in on the profits, or are we witnessing the start of a massive shift in the market dynamics? From past experience, we know that whale movements can send shockwaves through the market. Should we brace ourselves for an upcoming storm, or prepare for a bull run? Either way, letss not lose sight of the big picture. Bitcoin has proved time and again its potential to grow, regardless of the market turbulence. Stay strong, HODL on!

Whale or not, those who just want to trade or have other means to make their profit from BTC will do so regardless of whatever moves the whale does.
The whales may move their funds because as we know they HoDL greater share of the coins and may do so to influence the market. Let's just hope such speculation isn't one of the scam alerts to hack unsuspecting wallets.
Otherwise, I would rather HoDL and see how events turn out , being am not a big investor looking for big profits yet.

People are afraid of this awaken of the whales because they know the possibility of this account making a sell and this makes the reason why their invested asset crashes, one of the factors this that get triggered every time people see an inactive wallet does have a lot of BTC holding and make a transfer. Even though the hodlers era of BTC knows the possibility that there's a chance they could sell and immediately get a profit some of them will hold for sure and wait for the Halving again for another ATH profit at the end no one knows.
If the market crash because of the whales there's another whale grab the opportunity to bought back again

Cryptomultiplier

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Quote from: Blitzboy on June 13, 2023, 09:06:46 AM

Well, isn't that interesting? An ancient whale decides to resurface! Waking up after a decade, no less. Just goes to show how unpredictable the Bitcoin market can be. One cant help but wonder about the reasons behind this move. Is the whale planning to cash in on the profits, or are we witnessing the start of a massive shift in the market dynamics? From past experience, we know that whale movements can send shockwaves through the market. Should we brace ourselves for an upcoming storm, or prepare for a bull run? Either way, letss not lose sight of the big picture. Bitcoin has proved time and again its potential to grow, regardless of the market turbulence. Stay strong, HODL on!

Whale or not, those who just want to trade or have other means to make their profit from BTC will do so regardless of whatever moves the whale does.
The whales may move their funds because as we know they HoDL greater share of the coins and may do so to influence the market. Let's just hope such speculation isn't one of the scam alerts to hack unsuspecting wallets.
Otherwise, I would rather HoDL and see how events turn out , being am not a big investor looking for big profits yet.

karabiber

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I guess the bitcoin wallet owner found the wallet password after many years. What great luck. Bitcoin is currently at the critical level of $25k and the whale will not want to sell at this point. I think that a wallet that has been waiting for many years will remain inactive for a long time.
The wallet owner can make trial transfers but i don't think he will sell his Bitcoins in 2023. The 2024 Halving is unmissable. When I see the news of whales waking up from sleep, sometimes i think of the possibility that all this was planned. It is very difficult to remember the password of the wallet 10 years ago and of course it is noted somewhere. If the note is known, then the password of the wallet is also known. What i mean is that i think that the activations that took place after many years are planned.

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Are we going to face another FUD because of it?
I wonder what happened to this wallet if it is the same owner then this investor really have a strong hands to hold for that long.
And what could the owner be thinking right now would the Bitcoin be sold or hold till the next halving?

peter0425

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Quote from: balotelli on June 13, 2023, 02:07:24 AM

The last activity of this account was on April 9, 2013, during the period known as the 'Satoshi era,' when it received 1,432.92 BTC at a price of $195 per Bitcoin. This means the investor had invested $280,000 and could potentially make a profit of nearly $37 million if they decide to sell all the coins in the wallet at this time.

there are several whales that becomes active recently , so the reason still not certain if they forgot the address or the key for a while ? or they truly ended up bought to Hold and keep the coins till now(as it is 10 years ).

Quote

Currently, the intentions of the owner cannot be determined. Data from Cointelegraph shows that every previous awakening of a 'whale' has resulted in significant fluctuations in the Bitcoin market. The event has garnered attention from the cryptocurrency community due to the potential impact of the origin of these coins on early-stage participants.

but what those previous and this whale does? they just transferred the coins to other wallets meaning it is still not dumped .

tread93

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Quote from: balotelli on June 13, 2023, 02:07:24 AM

A Bitcoin whale account unexpectedly comes back to life after 10 years as it transfers an equivalent of $37.8 million to another wallet. Data on Lookonchain on June 8th reveals that a Bitcoin account that had been dormant for over 10 years has transferred a total of 1,432.93 BTC, equivalent to $37.8 million, to a new address named 'bc1psv'.

The last activity of this account was on April 9, 2013, during the period known as the 'Satoshi era,' when it received 1,432.92 BTC at a price of $195 per Bitcoin. This means the investor had invested $280,000 and could potentially make a profit of nearly $37 million if they decide to sell all the coins in the wallet at this time.

Currently, the intentions of the owner cannot be determined. Data from Cointelegraph shows that every previous awakening of a 'whale' has resulted in significant fluctuations in the Bitcoin market. The event has garnered attention from the cryptocurrency community due to the potential impact of the origin of these coins on early-stage participants.

Wow, can you imagine moving such a vast fortune from one of your bill folds to the new bill fold in just a matter of minutes?! Thats a lot of money to move. I wonder if this is the work of some crazy hacker, or some super rich royal. Probably Elon Musk tho fr.

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It is fascinating just to imagine the amount of patience and believe that guy has. Holding bitcoin for 10 years is nothing but a legendary decision. Also it is possible that he found his lost private keys and make the transaction.

Eagerly waiting for the story to pop up on the internet.

JoyMarsha

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Quote from: Woodie on June 13, 2023, 08:07:29 AM

Btw ,with all these whale alert platforms have seen all around Twitter and other social media platforms...what's the motive of these, do they get paid to know when such transactions happen?? And without a face or name to the transaction, what good does it serve?

Since there are many wallets that store bitcoin and other altcoins, I've been attempting to ask the same questions as yours, if those whale alert platforms that alert the public when there is a significant transfer of bitcoin or any other altcoins from one wallet to the other are compensated for their work or they want to draw the attention of everyone to the said wallet that holds a good amount of bitcoin.

What I can infer from all of this whale alert is that they want the general public to be aware in case there is a decline in the price of bitcoin or the altcoins they hold, it can be attributed to the wallet that contains those coins.

Topic: Bitcoin whale 'awakens' after 10 years. - page 2. (Read 674 times)