Bitcoin whale 'awakens' after 10 years.

Fatunad

sr. member

Activity: 2226

Merit: 347

Quote from: bitterguy28 on July 30, 2023, 11:46:28 PM

Quote from: tread93 on June 13, 2023, 10:00:03 PM

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.

Maybe it is indeed Elon Musk or some of His gang mate in whales group because i think there are only few of them that can do such action.
but what we must look into this is how fast the transaction and this is the advantage of Bitcoin or crypto in other way of transacting , Imagine with that huge amount we can send from one wallet to another wallet.

And thats be beauty of Bitcoin and this is one of the reasons on why its been that been widely recognized or having that demand and attention.

-Even how big or small amount you would be transferring then it would really be just taking up a few minutes (or depending on the network condition)
-You could make out p2p transaction
-You cant really be known in speaking about identity
-Small fee transaction compared into those money transfers out there

Speaking about awakening of wallets, then it could be neither that someone had found out their keys finally or they did really just put up that 10 year limit before they would
really be harvesting on the coins that they had invested and hold it for too long. There's nothing we can do if those whales would really be deciding on selling out their coins.
Its theirs and not ours on which it would really be expected that it would really be bring out that some significant impact in regarding the price but as long that demand and recognition
would really be there, then recovery would really be always on the line.

RalphFunk

newbie

Activity: 11

Merit: 0

It only make sense for whale to withdraw at this point, which can be negative especially right now with the BTC price

bitterguy28

full member

Activity: 2170

Merit: 182

“FRX: Ferocious Alpha”

Quote from: tread93 on June 13, 2023, 10:00:03 PM

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.

Maybe it is indeed Elon Musk or some of His gang mate in whales group because i think there are only few of them that can do such action.
but what we must look into this is how fast the transaction and this is the advantage of Bitcoin or crypto in other way of transacting , Imagine with that huge amount we can send from one wallet to another wallet.

Latviand

full member

Activity: 1540

Merit: 219

Quote from: Kayaman85 on July 27, 2023, 11:16:20 AM

HODL those coins!

Nah, holding on for their only works when you have other means to make a living, never marry the bag, remember that when the price is skyrocketing, it will always correct itself and then go down and then many people end up regretting not selling at the peak price and then reinvest again and then continue hodling until the next ATH.Also, try to enjoy life a little, spend money to experience stuff that's otherwise would've been missed if you just invested all of your money on bitcoin waiting for something that takes a long time. Life isn't just about money, there's more to it than that.

I cringe a little bit when OP said something about the intentions of the whale unknown, we're not supposed to know that shit anyways, what they do with their bitcoins is none of our business, I'm pretty sure that they'll say it if they wanted us to know about it right? What's the point of bitcoin protecting your privacy when everyone in the community wants to know why you did this or did that?

bayu7adi

hero member

Activity: 1470

Merit: 555

dont be greedy

Quote from: Botnake on July 27, 2023, 06:06:10 AM

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

during the period known as the 'Satoshi era,' when it received 1,432.92 BTC at a price of $195 per Bitcoin.

Is it already the Satoshi era? I thought the Satoshi era was the time when Bitcoin was still very cheap. This year, it's already $195 per Bitcoin, so an investor would have to invest a lot of money to buy more Bitcoins.

I believed the Satoshi era was the time between 2009 to 2010.

Do you mean the era of Satoshi, when he was still the central figure in the development of Bitcoin? If so, indeed, his presence was prominent in the year 2009.

However, deciding to invest in Bitcoin during that time was akin to investing in a startup with an uncertain future. We now know that Bitcoin has achieved remarkable success, having multiplied exponentially in size. Presently, everyone acknowledges that Bitcoin has undergone a tremendous transformation from its early days of skepticism.

Investors employ their own calculations and considerations. There are still plenty of daring investors willing to allocate their funds to assets with a slim chance of success, much like investing in Bitcoin during the Satoshi era.

Botnake

hero member

Activity: 2856

Merit: 667

Quote from: Kayaman85 on July 27, 2023, 11:16:20 AM

HODL those coins!

Can't hold for life if you want to enjoy your holdings, even whales understands that.

Kayaman85

full member

Activity: 210

Merit: 101

HODL those coins!

michellee

hero member

Activity: 2604

Merit: 816

🐺Spinarium.com🐺 - iGaming casino

With that news, it would raise some hope for the FUDsters to tell people and make them panic and sell their Bitcoins because people thought that would be a sign that the price of Bitcoin would get dumped by the whales. But it has nothing to do with it because the whales may want to take a share of the profits they have saved for years.

And when there is a prediction that the price of Bitcoin will rise above $100k, surely it will make the old holders of Bitcoin more interested. And if they "only" hold 50 Bitcoins, that already makes them a multi-millionaire.

So new Bitcoin holders shouldn't panic and respond casually because whatever happens, they better keep holding the Bitcoin. And if their ultimate goal is to sell Bitcoin at the next high, they should keep holding on to Bitcoin until it hits their target price.

Botnake

hero member

Activity: 2856

Merit: 667

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

during the period known as the 'Satoshi era,' when it received 1,432.92 BTC at a price of $195 per Bitcoin.

Is it already the Satoshi era? I thought the Satoshi era was the time when Bitcoin was still very cheap. This year, it's already $195 per Bitcoin, so an investor would have to invest a lot of money to buy more Bitcoins.

I believed the Satoshi era was the time between 2009 to 2010.

348Judah

hero member

Activity: 714

Merit: 521

bitcoin dormant wallet comes back to life ever since 2012 check the value it hold in it.
https://twitter.com/BTCTN/status/1683130878464065537?t=cvSnMM4PCojRGInT9ILIJQ&s=19

Let's not make it as something new seing a situation whereby you see some bitcoin long time dormant wallets coming back to activeness, not only that, they also move some reason huge amount of their sats from one wallet to another, we are only oppotuned to gets updates like this because the blockchain is an open distributed ledger unlike banks whereby you can't know what transpired between other user's accounts, there's also a whale alert system that provides informationa on such occassion.

passwordnow

hero member

Activity: 3136

Merit: 591

Leading Crypto Sports Betting & Casino Platform

Quote from: TimeTeller on July 25, 2023, 04:58:07 PM

We don't know the reasons why suddenly they are waking up after all these years.
Either they just remember their stash or silently following the market.
But no matter what the reason is, it is still part of the 21M supply of bitcoin.
So we can't say, that will have a big impact in the current market value of btc.

Well, the one reason could just be simple they're trying to get rid of it and want to take the fruit of their patience. They're no different from us as they're also people that want to take profit over all these times.

Quote from: justdimin on July 26, 2023, 01:11:01 PM

The intention is that most of them have plenty of wallets and not just one, and they use the other ones and keep a few just for saving as well, and that means they are going to end up making that active when they move it around.

Plus, even though the security of bitcoin is great, it is smarter to end up changing the wallet here and there time to time because that way nobody could hack into your system, otherwise your wallet could be hacked into one way or another, specially ones that move away from legacy address to segwit address makes even more sense to me. This is why I believe that it is not always to sell, sure sometimes it could be for selling but there are many other reasons then selling and that could be the reason.

Good point, there's the possibility that it's not for selling but for those reasons that you've mentioned. But the thing here is, we will never know until we know one or someone comes all of a sudden to be one of those owners and explain what really does with those. Anyway, they've got not obligation in doing so to appear in the public.

Quote from: WatChe on July 26, 2023, 01:51:23 PM

The best time for whales to move or cash out there Bitcoin was when it was at its ATH or above 50k. Its not confirm but there are rumors that such wallets are hacked and its hacker who moved Bitcoin to some other wallets. The question is if whale has kept his Bitcoin quite for almost decade and didn't bother to move them during 2017 and 2021 bull run they why he is moving when market is relatively bearish. This question never got answer on such movements.

If it's during this time, that's still a good timeframe as the price is much higher than 2017 but not of course on 2021. These could be just woke up wallets and owners have just remembered they own it. Well, it's really confusing but will still be ending up with the same reason of dumping or just trying to move it from wallet to wallet.

WatChe

hero member

Activity: 1078

Merit: 566

Quote from: passwordnow on July 25, 2023, 04:27:04 AM

We will never know the intention of a whale that comes back alive after a decade or even two. And this is becoming a typical thing when a whale comes back alive with tons of Bitcoins that have been sleeping for so many years. It just so happens that there are these monitoring bots and software that do track these old Bitcoin addresses that contain a lot of Bitcoins and anything that make them move, it's out of our business but it becomes news after all for many of these media and people that do track them. But if you're going to think of it, this isn't a real matter to think about whenever people are normally moving the Bitcoins that they've held for a long time. They're just like us despite we're not a whale.

The best time for whales to move or cash out there Bitcoin was when it was at its ATH or above 50k. Its not confirm but there are rumors that such wallets are hacked and its hacker who moved Bitcoin to some other wallets. The question is if whale has kept his Bitcoin quite for almost decade and didn't bother to move them during 2017 and 2021 bull run they why he is moving when market is relatively bearish. This question never got answer on such movements.

justdimin

hero member

Activity: 3164

Merit: 675

www.Crypto.Games: Multiple coins, multiple games

Quote from: passwordnow on July 25, 2023, 04:27:04 AM

We will never know the intention of a whale that comes back alive after a decade or even two. And this is becoming a typical thing when a whale comes back alive with tons of Bitcoins that have been sleeping for so many years. It just so happens that there are these monitoring bots and software that do track these old Bitcoin addresses that contain a lot of Bitcoins and anything that make them move, it's out of our business but it becomes news after all for many of these media and people that do track them. But if you're going to think of it, this isn't a real matter to think about whenever people are normally moving the Bitcoins that they've held for a long time. They're just like us despite we're not a whale.

The intention is that most of them have plenty of wallets and not just one, and they use the other ones and keep a few just for saving as well, and that means they are going to end up making that active when they move it around.

Plus, even though the security of bitcoin is great, it is smarter to end up changing the wallet here and there time to time because that way nobody could hack into your system, otherwise your wallet could be hacked into one way or another, specially ones that move away from legacy address to segwit address makes even more sense to me. This is why I believe that it is not always to sell, sure sometimes it could be for selling but there are many other reasons then selling and that could be the reason.

TimeTeller

hero member

Activity: 2744

Merit: 588

Quote from: passwordnow on July 25, 2023, 04:52:09 PM

Quote from: hd49728 on July 25, 2023, 05:47:56 AM

Quote from: passwordnow on July 25, 2023, 04:27:04 AM

We will never know the intention of a whale that comes back alive after a decade or even two.

I am doubtful that it is correct if we call such woke-up bitcoins are from whale come backs. I believe that those old-era bitcoins belong to whales who have been still actively latest years. They just woke up their old-era bitcoins and use such woke-up transactions as news.

That's also probably right, they've been active and let those Bitcoins sit there over the long years and are just looking for the right timing to sell. In the end, we're no longer surprised to see that there will be inactive wallets for several years and have been active lately and especially for the next bull run.

Quote from: hd49728 on July 25, 2023, 05:47:56 AM

Quote from: satoshi on June 21, 2010, 12:48:26 PM

Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone.

With those old and inactive/sleeping wallets for so long, we will never know if they were lost already until the owner of it access it again and tries to move it to exchange. But right about those lost BTCs as what satoshi said.

We don't know the reasons why suddenly they are waking up after all these years.
Either they just remember their stash or silently following the market.
But no matter what the reason is, it is still part of the 21M supply of bitcoin.
So we can't say, that will have a big impact in the current market value of btc.

passwordnow

hero member

Activity: 3136

Merit: 591

Leading Crypto Sports Betting & Casino Platform

Quote from: hd49728 on July 25, 2023, 05:47:56 AM

Quote from: passwordnow on July 25, 2023, 04:27:04 AM

We will never know the intention of a whale that comes back alive after a decade or even two.

I am doubtful that it is correct if we call such woke-up bitcoins are from whale come backs. I believe that those old-era bitcoins belong to whales who have been still actively latest years. They just woke up their old-era bitcoins and use such woke-up transactions as news.

That's also probably right, they've been active and let those Bitcoins sit there over the long years and are just looking for the right timing to sell. In the end, we're no longer surprised to see that there will be inactive wallets for several years and have been active lately and especially for the next bull run.

Quote from: hd49728 on July 25, 2023, 05:47:56 AM

Quote from: satoshi on June 21, 2010, 12:48:26 PM

Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone.

With those old and inactive/sleeping wallets for so long, we will never know if they were lost already until the owner of it access it again and tries to move it to exchange. But right about those lost BTCs as what satoshi said.

hd49728

legendary

Activity: 2044

Merit: 1018

Not your keys, not your coins!

Quote from: passwordnow on July 25, 2023, 04:27:04 AM

We will never know the intention of a whale that comes back alive after a decade or even two.

I am doubtful that it is correct if we call such woke-up bitcoins are from whale come backs. I believe that those old-era bitcoins belong to whales who have been still actively latest years. They just woke up their old-era bitcoins and use such woke-up transactions as news.

Quote from: satoshi on June 21, 2010, 12:48:26 PM

Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone.

passwordnow

hero member

Activity: 3136

Merit: 591

Leading Crypto Sports Betting & Casino Platform

We will never know the intention of a whale that comes back alive after a decade or even two. And this is becoming a typical thing when a whale comes back alive with tons of Bitcoins that have been sleeping for so many years. It just so happens that there are these monitoring bots and software that do track these old Bitcoin addresses that contain a lot of Bitcoins and anything that make them move, it's out of our business but it becomes news after all for many of these media and people that do track them. But if you're going to think of it, this isn't a real matter to think about whenever people are normally moving the Bitcoins that they've held for a long time. They're just like us despite we're not a whale.

Learn Bitcoin

hero member

Activity: 462

Merit: 767

Instant cryptocurrency exchange with own reserves!

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

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.

We don't know the intentions of a random anonymous Bitcoin whale. The halving event is coming next year. He is probably preparing for the halving event and might cash some profit afterward. Or was it just a general movement, like moving from an old wallet to a new one? Both are possible. What we are doing is just speculation based on our opinion.

We don't know what is going to happen. If someone is a day trader, it is important news for them to track those news and market movement. If someone is a long-term holder, this is a regular thing for them. Such a thing will happen every week, and holders have nothing to do with it.

Uruhara

hero member

Activity: 630

Merit: 611

almost every month actually I remember reading or hearing about an old bitcoin wallet that was starting to activate and start doing transaction activity. And yeah maybe this is the newest one. Previously I read about people who have experienced a long loss of consciousness (coma). And before he was in a coma he had saved bitcoin and kept it safe. and then I don't know what tragedy happened to him so that he had to lose consciousness for a long time (many years) and if I'm not mistaken a few months ago he started to regain consciousness and was released from the Coma. And he is lucky because he still remembers about saving bitcoins and keeping them safe. So when he realized he tried to reopen the old wallet he had kept. and he must be very happy because the value of the bitcoins he keeps is quite a lot and well I think he is one of the Whales at this time. I'm looking for a link that I read earlier but haven't found yet. And if I remember correctly, he also made an announcement about it on his twitter account.

bitterguy28

full member

Activity: 2170

Merit: 182

“FRX: Ferocious Alpha”

Quote from: tread93 on June 13, 2023, 10:00:03 PM

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

.

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.

well , it may be Him as Elon is one of the biggest investors in crypto but wondering if he is Holding such vast amount of Bitcoin? when he clearly mentioned supporting altcoin instead.
and also Hoping that this is not an act of Hackers because this will surely effect in the whole crypto once being withdrawn as this is just transferring and another act will follow,

Reatim

sr. member

Activity: 2828

Merit: 357

Eloncoin.org - Mars, here we come!

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

full member

Activity: 2170

Merit: 182

“FRX: Ferocious Alpha”

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

sr. member

Activity: 873

Merit: 268

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

member

Activity: 392

Merit: 31

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

legendary

Activity: 2576

Merit: 1252

Leading Crypto Sports Betting & Casino Platform

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

legendary

Activity: 2436

Merit: 1362

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. . .

GeorgeJohn

hero member

Activity: 1498

Merit: 711

Enjoy 500% bonus + 70 FS

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

legendary

Activity: 2576

Merit: 2880

Catalog Websites

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

full member

Activity: 618

Merit: 145

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.

Fiatless

hero member

Activity: 574

Merit: 554

Leading Crypto Sports Betting & Casino Platform

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

full member

Activity: 1092

Merit: 227

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.

DapanasFruit

member

Activity: 1218

Merit: 49

Binance #Smart World Global Token

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.

Peanutswar

legendary

Activity: 1708

Merit: 1280

Top Crypto Casino

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

full member

Activity: 952

Merit: 232

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

hero member

Activity: 1554

Merit: 762

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.

GideonGono

hero member

Activity: 2086

Merit: 501

★Bitvest.io★ Play Plinko or Invest!

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

sr. member

Activity: 2618

Merit: 439

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

hero member

Activity: 1344

Merit: 583

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.

drwhobox

full member

Activity: 756

Merit: 133

- hello doctor who box

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

sr. member

Activity: 924

Merit: 365

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.

dragonvslinux

legendary

Activity: 1722

Merit: 2213

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.

Firstly, I wouldn't call this "Satoshi era". Satoshi left the forum/community by the end of 2010. So really only 2019/2010 can be conidered Satoshi era. Everyone onwards (up to a certain point) would simply be the innovators era, or early adopters. If you could otherwise put block explorer tx or links in the OP it'd otherwise be appreciated, as it's often quite simply to see where these coins have actually gone.

Quote from: franky1 on June 13, 2023, 07:14:14 AM

Quote from: ImThour on June 13, 2023, 07:02:45 AM

Most likely an account that got hacked by those groups of people who utilize their graphic powers to crack wallets instead of Bitcoin mining.
They might have been working on it since 2020 I guess? Finally, they got it and now they will divide it with 10000s of people.

If I am wrong, then happy for the guy who participated in the initial stages of Bitcoin, that's a big reward for him.

its not a early adopter individual nor a hacker.. its mtgox stash

Do you have a source for this, or is it merely speculation? Last I checked all MtGox coins were more or less labeled and signposted, so that when they move, people are aware that they originate from this source. Similar to Silk Road hack or other type of coins that are in the public eye or domain. Generally speaking, these coins don't move without someone noticing it from automated alerts etc.

Overall this seems like pretty boring/irrelevant news. It can be summarised as someone transferring their coins from a legacy address to segwit/taproot after 10 years. Even if it is a lot of money.

PX-Z

hero member

Activity: 1554

Merit: 880

pxzone.online

It will be a bad idea to sell it now, it could be very reasonable if the owner insinuate on the bull market months ago in the range of 50k above. Guess what, selling those hard fork coin is not bad idea too.

tjtonmoy

sr. member

Activity: 1008

Merit: 366

This will continue to happen. Bitcoin is a long term investment asset. Even if it's not from an individual person, there are people hodling more than this. What happens if they decide to sell all their hodlings? The price goes downhill, right? There will always be people waiting for the DIP to buy more. So the market will go on as it is going right now. Bear market, Bull market, they are part of this system. Some guy popping up with a huge stack means nothing. It has happened before and it will happen again. And also if an individual owns that, then it's their own choice whether they want to sell it or not.
No need to make so much noise about it. Let them enjoy their bitcoin.

flyingcarpet

full member

Activity: 406

Merit: 188

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

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.

We see these news from time to time. Actually, I'm not worried. On the contrary, I am glad. Because someone who has held their bitcoins all these years wouldn't sell bitcoins at a time like this. I'm not worried as it has the power to wait and hasn't sold bitcoin all these years. What I'm happy about is that he didn't lose access to his wallet and all that bitcoin wasn't wasted.

In the past, the word whale used to scare me, but now I know that the market has created itself with such news and whales and we will always hear such news.

Broadanbig

full member

Activity: 462

Merit: 117

OP, this is an old news. It seems you do not research before creating a topic. This happened long ago and has already been talked about on this platform which he previous poster has drawn your attention to.
You should have contributed to the discussion rather than creating new topic for a post already existing here.

someone703

full member

Activity: 944

Merit: 101

PredX - AI-Powered Prediction Market

It is not uncommon for Bitcoin whales to emerge after periods of inactivity and begin to move their holdings. Over the years, there have been cases where inactive wallets containing significant amounts of Bitcoin have been reactivated and their funds moved. Speculation and theories surrounding the identity of Bitcoin whales, including the possibility that some are Satoshi Nakamoto, have spread among the crypto community. However, in the absence of concrete evidence, these theories are still speculative and do not necessarily have an immediate impact on market prices. It should be noted that while whale action can generate interest and speculation, the overall market is influenced by a combination of factors, including market sentiment, technological developments, regulatory news, macroeconomic trends, and widespread cryptocurrency adoption. While Bitcoin whale activities can sometimes create short-term fluctuations, the market's long-term trajectory is influenced by different fundamental factors and broader investor participation. retail investors, institutions, and other market participants.

buwaytress

legendary

Activity: 2968

Merit: 3684

Join the world-leading crypto sportsbook NOW!

Quote from: franky1 on June 13, 2023, 05:36:32 AM

Quote from: buwaytress on June 13, 2023, 05:30:31 AM

Doubt we really have more than a handful of big whale wallets who no longer are alive.

again this topic is about a MTGOX stash. a stash thats suppose to be of ~200kbtc. all split up into smaller amounts of a few thousands btc each.. so expect lot of movements of a few thousand btc to move from 2013 in the next couple years

also people put funds into retirement plans when they are 20 they they cant touch until they are 60. so dormancy should be thought of as 40+ years. not 2,5,10
heck i have a stash thats 11 years. i have no plans on moving it anytime soon

Precisely! I think there's too much attention given to wallets that wake up, and I really doubt there are more than a known handful of wallets that would surprise people if they "woke up".

I've got a pension balance (hardly worth a few months' min wage) that's been sitting dormant for over 20 years, I couldn't even touch it until I'm 55 anyway, so it's forced dormancy ha.

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?

Don't think they get paid, they're just bots and scripts. Probably want an audience to shill too later or show ads to (if not already done). What good does it serve? I put that very question often to any number of crypto channels/sources I unfortunately have to monitor for work. Whale alerts? Price drop/surge alert? Exchange inflow/outflow alert? I think speculators do act on them, but probably not to the effect desired.

taufik123

legendary

Activity: 2716

Merit: 1855

Rollbit.com | #1 Solana Casino

Quote from: franky1 on June 13, 2023, 09:25:22 AM

most people in bitcoin a decade ago have now retired, maybe stil involved in bitcoin but not financially needing to "work for it".
but this stash is not some single guy hoarding. its MTGOX stash from 2013. meaning alot of smaller investors waiting 10 years for the expensive lawyers to stop milking them and eventually pay out the bankruptcy stuff

Of course, with a lot of money that has been earned from selling Bitcoin which provides thousands of percent profit they will retire early, enjoy their vacations and their old age by buying yachts etc.

But some people I know like Davinci Jeremi a YouTuber who was active in the introduction of Bitcoin since Bitcoin emerged and he advised his followers to buy Bitcoin for only $1.

Now he remains active and is an Application developer and public speaker of Bitcoin.
Enjoying the wealth from holding Bitcoin since 2013 by buying yachts and private jets.

And for small investors waiting 10 years for MTgox payouts seems to be a worthwhile wait.

But whether the Whales or just small investors who received enough Bitcoins will affect the current market, when they dump bitcoins in large quantities.

franky1

legendary

Activity: 4410

Merit: 4766

Quote from: Wind_FURY on June 13, 2023, 09:21:17 AM

Quote from: mk4 on June 13, 2023, 04:06:49 AM

This is a total nothing burger as 1,432.93 BTC or $37.8 million would barely move bitcoin's price; and in the first place it would be a total dumb move for a "whale" to dump all that in one market order — assuming that was the person's intention in the first place.

A nothing burger, yet it's still very impressive from an investment perspective. I don't think there are assets outside the world of cryptocurrencies that could give anyone a 100x ROI just for HODLing the investment for 10 years. If Bitcoin surges another 5x from the current price, that would give him a return of 500x from his starting investment. That's more than enough for him/her to retire!
Cool

most people in bitcoin a decade ago have now retired, maybe stil involved in bitcoin but not financially needing to "work for it".
but this stash is not some single guy hoarding. its MTGOX stash from 2013. meaning alot of smaller investors waiting 10 years for the expensive lawyers to stop milking them and eventually pay out the bankruptcy stuff

Wind_FURY

legendary

Activity: 2898

Merit: 1823

Quote from: mk4 on June 13, 2023, 04:06:49 AM

This is a total nothing burger as 1,432.93 BTC or $37.8 million would barely move bitcoin's price; and in the first place it would be a total dumb move for a "whale" to dump all that in one market order — assuming that was the person's intention in the first place.

A nothing burger, yet it's still very impressive from an investment perspective. I don't think there are assets outside the world of cryptocurrencies that could give anyone a 100x ROI just for HODLing the investment for 10 years. If Bitcoin surges another 5x from the current price, that would give him a return of 500x from his starting investment. That's more than enough for him/her to retire!

Cool

franky1

legendary

Activity: 4410

Merit: 4766

Quote from: pooya87 on June 13, 2023, 07:41:40 AM

Quote from: franky1 on June 13, 2023, 07:27:16 AM

Quote from: pooya87 on June 13, 2023, 07:22:24 AM

Regardless of whose coins are these and the MtGox thing, the old coins moving is not as rare as you'd think. In fact coins that weren't touched for many years are moved regularly in such big intervals like 10 years. Even with a quick google search you'd find multiple news articles over the past couple of months about it like these:
https://u.today/dormant-bitcoin-whale-awakens-after-almost-10-years 500 Bitcoins ($22.1 million) after 10 years
https://cryptopotato.com/dormant-btc-whale-wakes-up-sends-60-million-for-the-first-time-in-9-years/ $60 million after 9 years
https://cryptopotato.com/bitcoin-whale-moves-11-million-in-btc-after-12-years-of-inactivity/ $11 million after 12 years

(there are many "whale alert" sites that try to link old coins to users via seeing if anyone mentions bitcoin address associations in social media just to then spam them with adverts)
this is why many people look at these silly whale alert stuff.. to try finding out who moved it, especially by seekers not posting the whole address to avoid their posts coming up in their results of possible associations of owners..
.. its standard practice now..

Things like whalealert were created to manipulate the market/price. It is basically a scare tactic they use only when they think the market reacts to it the way they want. This is why they only largely report some of these coin movements everywhere not all of them. And they do it at times like this when there is a drop with a chance of getting bigger.

thats the original purpose of whalealert by its creator.. but the USERS that watch whale alerts are those that want to profit from it
they soon realised that when the whale alert was just posting junk tweets about exchanges moving cold/hot wallets stashs it did not affect the markets, so then another bunch of watchers then used these alerts to systematically seek out those that publicise their personal stashes. EG post their addresses into their forum profiles or when they sign up to sig campaigns. and they would get email and PM spam from scammers trying to suggest they use a crypto scam(promoted as a solution)

in short i see absolutely no market benefit of whale alerts. and those watching them wont get any benefit from them unless they are scammers, to which im not fond of those types of idiots

thus i dont check whale alerts.. and when idiots post a whale alert on this forum i try to correct the narrative they play. to atleast explain what the movement is actually linked to. to prevent such speculation nonsense

EG this topics alert(from last weeks movement) was speculated that satoshi himself came back and was moving his stash. which needed correcting before some idiot media group fell foul of that foolish notion.

Blitzboy

hero member

Activity: 1316

Merit: 561

Leading Crypto Sports Betting & Casino Platform

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!

Woodie

hero member

Activity: 1834

Merit: 879

Rollbit.com ⚔️Crypto Futures

Its no coincidence that once in a while such wallets get to have some activity after being dormant after so many years...my guess like anybody could be that its one of these early adopters & potentially the same whales moving funds once in a while and in one of these wallets am certain you could also find the legendary Satoshi Nakamoto not that it matters but hope they don't heavy sell to push current price down!!

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?

khiholangkang

hero member

Activity: 2184

Merit: 599

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)

Even though it was old news, and the answer was true was a pile of MT.gox who was reorganizing and aimed to return the funds to the creditor, I did not care whether it was a shark or the pope but I hoped that the person who was harmed by MT.gox at that time they could Getting compensation in the future, hopefully this will come true.

This is make many speculative, and does not know the direction of why the wallet lives after 10 years of not active, there are people who say that the wallet is the result of a hacking, the discovery of the missing phrase, the investment aimed at 10 years, only the usual activity to renew the wallet and is a reoraganitation of MTGOX accumulation and many more, but it is true that the speculation about this affects market sentiments, whether bitcoin will be sold to the market or not, which might give a little fear for many investor.

pooya87

legendary

Activity: 3472

Merit: 10611

Quote from: franky1 on June 13, 2023, 07:27:16 AM

Quote from: pooya87 on June 13, 2023, 07:22:24 AM

Regardless of whose coins are these and the MtGox thing, the old coins moving is not as rare as you'd think. In fact coins that weren't touched for many years are moved regularly in such big intervals like 10 years. Even with a quick google search you'd find multiple news articles over the past couple of months about it like these:
https://u.today/dormant-bitcoin-whale-awakens-after-almost-10-years 500 Bitcoins ($22.1 million) after 10 years
https://cryptopotato.com/dormant-btc-whale-wakes-up-sends-60-million-for-the-first-time-in-9-years/ $60 million after 9 years
https://cryptopotato.com/bitcoin-whale-moves-11-million-in-btc-after-12-years-of-inactivity/ $11 million after 12 years

(there are many "whale alert" sites that try to link old coins to users via seeing if anyone mentions bitcoin address associations in social media just to then spam them with adverts)
this is why many people look at these silly whale alert stuff.. to try finding out who moved it, especially by seekers not posting the whole address to avoid their posts coming up in their results of possible associations of owners..
.. its standard practice now..

Things like whalealert were created to manipulate the market/price. It is basically a scare tactic they use only when they think the market reacts to it the way they want. This is why they only largely report some of these coin movements everywhere not all of them. And they do it at times like this when there is a drop with a chance of getting bigger.

Quote

maybe i should move my 11year old stash. just to show how common people can actually hoard for. .. oh wait.. then ill just get greedy/jealous idiot scammers trying to tell me to not use bitcoin and instead move my funds into some broken subnetwork system they can suck me dry from... oh wait they already do(even without moving my stash)

so i think ill keep my stash where it is for a decade or so more. maybe claim the 'longest holder' status when i decide ive had enough

There is always someone with "longest held" coins Cheesy

BTW here is a list of all the coins that were moved after 10+ years (about 13000 txs) and as we can see the first 6 that also took place this year were spent after 12.5 to 13 years.
The table is sorted based on age (spent UTXO lifespan) in descending order:
https://blockchair.com/bitcoin/outputs?s=lifespan(desc)&q=is_spent(true),lifespan(315500000..)#f=transaction_hash,time,is_spent,lifespan,spending_time

franky1

legendary

Activity: 4410

Merit: 4766

Quote from: pooya87 on June 13, 2023, 07:22:24 AM

Regardless of whose coins are these and the MtGox thing, the old coins moving is not as rare as you'd think. In fact coins that weren't touched for many years are moved regularly in such big intervals like 10 years. Even with a quick google search you'd find multiple news articles over the past couple of months about it like these:
https://u.today/dormant-bitcoin-whale-awakens-after-almost-10-years 500 Bitcoins ($22.1 million) after 10 years
https://cryptopotato.com/dormant-btc-whale-wakes-up-sends-60-million-for-the-first-time-in-9-years/ $60 million after 9 years
https://cryptopotato.com/bitcoin-whale-moves-11-million-in-btc-after-12-years-of-inactivity/ $11 million after 12 years

(there are many "whale alert" sites that try to link old coins to users via seeing if anyone mentions bitcoin address associations in social media just to then spam them with adverts)
this is why many people look at these silly whale alert stuff.. to try finding out who moved it, especially by seekers not posting the whole address to avoid their posts coming up in their results of possible associations of owners..
.. its standard practice now..

maybe i should move my 11year old stash. just to show how common people can actually hoard for. .. oh wait.. then ill just get greedy/jealous idiot scammers trying to tell me to not use bitcoin and instead move my funds into some broken subnetwork system they can suck me dry from... oh wait they already do(even without moving my stash)

so i think ill keep my stash where it is for a decade or so more. maybe claim the 'longest holder' status when i decide ive had enough

pooya87

legendary

Activity: 3472

Merit: 10611

Regardless of whose coins are these and the MtGox thing, the old coins moving is not as rare as you'd think. In fact coins that weren't touched for many years are moved regularly in such big intervals like 10 years. Even with a quick google search you'd find multiple news articles over the past couple of months about it like these:
https://u.today/dormant-bitcoin-whale-awakens-after-almost-10-years 500 Bitcoins ($22.1 million) after 10 years
https://cryptopotato.com/dormant-btc-whale-wakes-up-sends-60-million-for-the-first-time-in-9-years/ $60 million after 9 years
https://cryptopotato.com/bitcoin-whale-moves-11-million-in-btc-after-12-years-of-inactivity/ $11 million after 12 years

franky1

legendary

Activity: 4410

Merit: 4766

this topic which starts by saying

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

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'.

refers to this tweet
https://twitter.com/lookonchain/status/1666679589421338626

which refers to this address
1E6nViR5Xv1wyNXg87SamvtLJ5TyXuksLC

which has been talked about before here
https://bitcointalksearch.org/topic/early-coins-movement-5455736

where people assumed last week that the early mined coins of 2009 that moved in 2013(and moved again last week) originated as satoshis stash.. which was not true either, as explained here
https://bitcointalksearch.org/topic/m.62374709

franky1

legendary

Activity: 4410

Merit: 4766

Quote from: ImThour on June 13, 2023, 07:02:45 AM

Most likely an account that got hacked by those groups of people who utilize their graphic powers to crack wallets instead of Bitcoin mining.
They might have been working on it since 2020 I guess? Finally, they got it and now they will divide it with 10000s of people.

If I am wrong, then happy for the guy who participated in the initial stages of Bitcoin, that's a big reward for him.

its not a early adopter individual nor a hacker.. its mtgox stash

ImThour

copper member

Activity: 1470

Merit: 1609

Bitcoin Bottom was at $15.4k

Most likely an account that got hacked by those groups of people who utilize their graphic powers to crack wallets instead of Bitcoin mining.
They might have been working on it since 2020 I guess? Finally, they got it and now they will divide it with 10000s of people.

If I am wrong, then happy for the guy who participated in the initial stages of Bitcoin, that's a big reward for him.

shivansps

hero member

Activity: 1330

Merit: 502

Vave.com - Crypto Casino

I wonder if he lost the key and then found it, or it was a well-thought-out plan and he initially planned not to use the wallet for 10 years. Also wondering if he will now hold bitcoin or dump something at this price, this could affect market sentiment. Maybe 2023 year not the best year for cash out

Maybe it was just a preventive wallet change, as some people do, sometimes transferring funds from one wallet to another but it's unbelievable

BenCodie

legendary

Activity: 1666

Merit: 1037

Quote from: Walesone on June 13, 2023, 03:11:26 AM

So, a Bitcoin account from the 'Satoshi era' suddenly decides to stretch its fins and make a massive transfer. Talk about a grand entrance!

Why is this called the Satoshi Era? It was over 4 years after inception. Satoshi era would have to have ended 2012 or earlier, or around when he disappeared.

Quote from: Walesone on June 13, 2023, 03:11:26 AM

Either way, it's definitely making waves in the crypto community.

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.

As others have mentioned too, this is a drop in the water. 1400~ BTC will barely effect the market. Liquidity can eat this amount up easily. It will not "send everything to hell" as you so intelligently (as always) put it crypticj.

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)

On point, as always. Thank you for the insight franky

franky1

legendary

Activity: 4410

Merit: 4766

Quote from: buwaytress on June 13, 2023, 05:30:31 AM

Actually, I hardly view these dormancies to be "unexpected" anymore these days. I fully expect dormant addresses (how we view them as dormant is also curious, is it 2 years, 5 years, 10?) to be activated at some point. My own wallet from 2017 only "woke up" in 2020, and almost completed 4 years. I'm guessing anyone who holds also finds no need to move (mine was only to upgrade to segwit).

Doubt we really have more than a handful of big whale wallets who no longer are alive.

again this topic is about a MTGOX stash. a stash thats suppose to be of ~200kbtc. all split up into smaller amounts of a few thousands btc each.. so expect lot of movements of a few thousand btc to move from 2013 in the next couple years

also people put funds into retirement plans when they are 20 that they cant touch until they are 60. so dormancy should be thought of as 40+ years. not 2,5,10
heck i have a stash thats 11 years. i have no plans on moving it anytime soon

buwaytress

legendary

Activity: 2968

Merit: 3684

Join the world-leading crypto sportsbook NOW!

Actually, I hardly view these dormancies to be "unexpected" anymore these days. I fully expect dormant addresses (how we view them as dormant is also curious, is it 2 years, 5 years, 10?) to be activated at some point. My own wallet from 2017 only "woke up" in 2020, and almost completed 4 years. I'm guessing anyone who holds also finds no need to move (mine was only to upgrade to segwit).

Doubt we really have more than a handful of big whale wallets who no longer are alive.

UchihaSarada

full member

Activity: 434

Merit: 141

Hire Bitcointalk Camp. Manager @ r7promotions.com

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.

Those coins are from an old era and the news is from an old time. Do you think that sharing a news from April in June is something very laggy?

Quote

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.

If the guy sell those bitcoins in April, price would be dumped or panic effect from that news will cause a price dump. In fact it did not happen on the market and that movement is not for dumping on market.

Logically it is not reasonable to dump your bitcoins in 2023 that is a bear market if you are not in an emergency and need cash when your pocket is empty. It was better to cash out in 2021, 2022 or wait till 2024 or 2025 with a new bull run.

Z-tight

hero member

Activity: 994

Merit: 1089

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

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.

BTC is not stored in a wallet, it is stored on the BTC network and the funds can only be moved with its keys, so you can hold your keys in one wallet software or in a hardware wallet for as long as possible and it will remain safe if you have good operational security of keeping your keys and your seed phrase safe. And surely the best way to do that is to store the funds in cold storage, either in a hardware wallet or in an air-gapped device. If your security hasn't been compromised, i don't see the reason to move your funds annually, it does not increase how secure your funds are.

bettercrypto

sr. member

Activity: 1498

Merit: 271

DGbet.fun - Crypto Sportsbook

If any of those whale investors are very rich now, they might as well plan to hold it for 10 years then after that they will release their Bitcoin to fiat. And he succeeded in his holdings. I also don't think that he lost the private key but rather that is probably his plan with the holdings.

Maybe the bitcoin at that time was around 13$ something, Think about that with his investment of 18,880$ now that he has sold around 37M$ more than his money now. he is already a millionaire.

Crypt0Gore

sr. member

Activity: 952

Merit: 275

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.

Dunamisx

hero member

Activity: 952

Merit: 555

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'.

This is apparently not the first time bitcoin whales have been discovered neither their first time of awakening from long time inactivity, i can count on my threads like this that we've seen them waking up abd holding a larger amount of bitcoin in those wallets and were being moved, so why should we have much concern either on the new generation bitcoin holders or the old time bitcoin whales, some had suspected maybe some of these whales are Satoshi while some mentioned other names, yet that is not big enough to move the market price bullish or bearish.

franky1

legendary

Activity: 4410

Merit: 4766

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)

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

This is a total nothing burger as 1,432.93 BTC or $37.8 million would barely move bitcoin's price; and in the first place it would be a total dumb move for a "whale" to dump all that in one market order — assuming that was the person's intention in the first place.

Avantika jaiswal

jr. member

Activity: 33

Merit: 3

Recently, there have been reports of a Bitcoin whale resurfacing after a decade of inactivity. A Bitcoin whale refers to an individual or entity holding a significant amount of Bitcoin, often with the potential to influence the cryptocurrency market due to the large size of their holdings.

The reemergence of this particular Bitcoin whale has caught the attention of the crypto community and market observers. After ten years of dormancy, the whale has seemingly reawakened and potentially has the power to impact the Bitcoin market dynamics.

Z390

sr. member

Activity: 812

Merit: 315

Vave.com - Crypto Casino

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.

crypticj

sr. member

Activity: 873

Merit: 268

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.

Walesone

newbie

Activity: 17

Merit: 0

So, a Bitcoin account from the 'Satoshi era' suddenly decides to stretch its fins and make a massive transfer. Talk about a grand entrance! I can't help but wonder if this is a strategic move or just someone cashing in on their long-term investment. Either way, it's definitely making waves in the crypto community.

siedemtrzy

jr. member

Activity: 80

Merit: 1

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.

balotelli

full member

Activity: 317

Merit: 104

Why Always Me,.

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.

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