Topic: Japan's Dormant accounts waking up finally (Read 364 times)
Your attempt to fud projects is futile. Sending payments in btc from an exchange or whatever someone used doesn't mean anything. The fact that you fud and talk trash on every project does. The fact that you talk shit about projects you work for does. The fact that you don't know C++ well as your advertising does. The fact that you login to vpses that arent yours and should not be logging into anymore does. The fact that you try to blackmail the people you work for exposing their passwords does. Please don't call yourself a C++ dev try to sell people updates for your faulty code and please take some more classes on how to develop c++ before ever calling yourself a dev again. I would advise everyone never ever to use this so called dev, as you can see what he does to projects he works for. And tries to steal from the projects if they are successfull. If this doesn't work goes into fudding mode and tries to bring the project down.
That's quite interesting and I think it will surely affect the price of bitcoin in one way or the other.
If people are going long for bitcoin then BTC can increase in the upcoming months.
It might also go the other way around if people have come back to sell their bitcoins
I really think it's gonna go positive this time for bitcoin.
If people are going long for bitcoin then BTC can increase in the upcoming months.
It might also go the other way around if people have come back to sell their bitcoins
I really think it's gonna go positive this time for bitcoin.
You guys seem to forget something.
Not only you're confusing BTC addresses and accounts on an exchange platform (the article is talking about accounts) but you don't understand that a dormant account can be empty (no BTC, no fiat? nothing) and if the persons were inactive for a while you can suppose that was the case.
If they had any money/coins left on it they would transfer it somewhere else before leaving, or if they still had something they would log in from time to time to check their accounts, so they wouldn't be dormant accounts.
And it's not because there are a bunch of accounts waking up that Bitcoin will get a correction the following days. It's totally stupid.
It's not as if we had 1000 persons owing 1000 BTC each and starting to sell all the same day.
Not only you're confusing BTC addresses and accounts on an exchange platform (the article is talking about accounts) but you don't understand that a dormant account can be empty (no BTC, no fiat? nothing) and if the persons were inactive for a while you can suppose that was the case.
If they had any money/coins left on it they would transfer it somewhere else before leaving, or if they still had something they would log in from time to time to check their accounts, so they wouldn't be dormant accounts.
And it's not because there are a bunch of accounts waking up that Bitcoin will get a correction the following days. It's totally stupid.
It's not as if we had 1000 persons owing 1000 BTC each and starting to sell all the same day.
If dormant accounts are waking up, they will certainly sell their Bitcoin rather than starting trading again, if this happens
in the near future there will be a correction. But until now the price of Bitcoin is still above $ 11,000 most likely dormant
accounts decide to start trading again. And fortunately there are some gold and stocks investors to move their assets to
Bitcoin. Hopefully with this incident the price of Bitcoin will rise even higher.
in the near future there will be a correction. But until now the price of Bitcoin is still above $ 11,000 most likely dormant
accounts decide to start trading again. And fortunately there are some gold and stocks investors to move their assets to
Bitcoin. Hopefully with this incident the price of Bitcoin will rise even higher.
I can't agree with you with some of the information you provided. Yes, it may affect all of these to bitcoin market value as everyone are eyeing on it now that btc market price goes high or more thab 10k usd to which dead walley addresses now started to become active. And in regards to gold investment to bitcoin then yes it is basically a good choice to transfer investment in bitcoin but all of these could be troublesome knowing the news lately regarding on scam. There are many scammers around and wether we hate them or hate much they are really the problem here needed to get rid first the scammers, hackers and the likes.
Its actually not something anybody to be concerned about on the movement of accounts. I am quite sure that a lot of people must have bought bitcoin at the time when it was above $10,000 while some others would have purchased even higher than that and when the price crashed at the time, they just decide to keep it there and watch rather than counting their losses which is what they have done and now that the price has increased, it is expected that movement will happen.
How it can affect us ?
1) Price might be affected if these accounts starts trading
2) Since some Investors are moving from Gold to Bitcoins this might mean start of a golden era for cryptocurrencies
1- If they own the dormant addresses with a huge amount of btc, the price will get a heavy drop for sure.1) Price might be affected if these accounts starts trading
2) Since some Investors are moving from Gold to Bitcoins this might mean start of a golden era for cryptocurrencies
No, they own an account in a trading platform. They are the old Japanese traders who has no activity for quite a long time. I don't think they'll store Btc on their account.
As per article, creating new accounts may require the KYC, so these traders are using their old accounts as It might have undergone the verification process and may proceed to trading without limits.
Though, I'm not sure what would be the intention of these old traders, whether they dumping their Btc or trading again in crypto. Nevertheless, it will affect the price in both ways.
Agree to that, those old accounts are being verified and by means this old traders are using their old
accounts in order to participate again and do the trade.
Most of those dormant accounts which being waked up are a good sign in terms of activities, old japs
are supporters who understand this technology
With them again in action, it can affect both ways, they can continue monitoring the price and allow
this pumped to move forwardly,
Or they can also completely dumped their assets as they are mentioning that they will not touch their
assets if they'll not see range after$10k.
It's us to see what will be the implication after the accounts are wake up and what will be the price action
after.
How it can affect us ?
1) Price might be affected if these accounts starts trading
2) Since some Investors are moving from Gold to Bitcoins this might mean start of a golden era for cryptocurrencies
1- If they own the dormant addresses with a huge amount of btc, the price will get a heavy drop for sure.1) Price might be affected if these accounts starts trading
2) Since some Investors are moving from Gold to Bitcoins this might mean start of a golden era for cryptocurrencies
No, they own an account in a trading platform. They are the old Japanese traders who has no activity for quite a long time. I don't think they'll store Btc on their account.
As per article, creating new accounts may require the KYC, so these traders are using their old accounts as It might have undergone the verification process and may proceed to trading without limits.
Though, I'm not sure what would be the intention of these old traders, whether they dumping their Btc or trading again in crypto. Nevertheless, it will affect the price in both ways.
Why would the wake up only to sell thier BTC. It would make sense to not wake their account up at all unless it reaches up to its ATH again.
Trading BTC while there is bullrun is profitable than having a bear market. If there is a time to be active in trading is this time and I'm almost sure this is the reason for their accounts to wake up.
They said the opposite that these new accounts are waking up to start trading again.
The survey was done by a Japanese exchange where some old traders are coming back seeing the beginning of a new bull market.
They probably became inactive in 2018 following the crash of BTC from the all time high and the beginning of a bear market. Simply sold what they had and moved on.
I'm one of those people who wouldn't sell below 10 thousand dolars but I also don't walk away just because there's a bear market.
Why would the wake up only to sell thier BTC. It would make sense to not wake their account up at all unless it reaches up to its ATH again.
Trading BTC while there is bullrun is profitable than having a bear market. If there is a time to be active in trading is this time and I'm almost sure this is the reason for their accounts to wake up.
How it can affect us ?
2) Since some Investors are moving from Gold to Bitcoins this might mean start of a golden era for cryptocurrencies
2) Since some Investors are moving from Gold to Bitcoins this might mean start of a golden era for cryptocurrencies
I like this one since we are all waiting for the kick start of BTC in 2020, I guess this should be the right time for the BTC to be on the spotlight.
I mean this might become one of the reason for its price to rise in a matter of days if those people who are holding golds are gonna switch to BTC with full confidence to hold it for long. I can't wait to see the price reach $15,000 again this time and won't be going down for awhile after that.
That's a good sign, they aren't trading like day traders but they are buying bitcoin to hold and wait for the significant increase of the price.
With more buying pressure, the only effect on the market is the price will be bullish, we know that Japan are a pro crypto country, so we have believers that could help to make this market bullish again, more pressure and it will eventually create a FOMO which what we need to see a bull run.
With more buying pressure, the only effect on the market is the price will be bullish, we know that Japan are a pro crypto country, so we have believers that could help to make this market bullish again, more pressure and it will eventually create a FOMO which what we need to see a bull run.
The Japanese are crazy traders as well, so we might even attribute these price rises with some of them revisiting their trading accounts
Traders are not really determined by high or low prices as they can profit in both a spiking and a falling market as long as there's volatility, so I'm thinking these might not be traders but rather hodlers who have been holding on to their assets during the bearish period.... a BTC address is considered dormant despite the fact it still receives transactions. See for example the Top Dormant for 5 years Bitcoin Addresses and the last in dates. What matters is the last TX out
I feel dormant is not the right phrase to use; strong hands or hodlers has a better ring as they were not out of the crypto space and may have been steadily accumulating in preparation for an increase in the price.
The explanation is quite simple.... we have not seen a big spike in the Bitcoin price for a very long time, so people are reacting to the spike.. because they know it might not happen very soon again. (I think we were 12k last year in August)
So people who bought 1 year ago... could not make any profit for a year and most investments are judged over a 1 year (short term) period. I am saying "investment" because those wallets that are dormant are investments and not people buying bitcoins to use it as a currency.
So people who bought 1 year ago... could not make any profit for a year and most investments are judged over a 1 year (short term) period. I am saying "investment" because those wallets that are dormant are investments and not people buying bitcoins to use it as a currency.
It can also be a world record that many dormant accounts are waking up due what these account owners see to the market. They can't ignore that it's pumping as it didn't before and that made them start to get back to their accounts.
I think this is usual thing that happens if bitcoin goes like this and once it starts to get into bearish, they'll get back gradually being a dormant account again.
I think this is usual thing that happens if bitcoin goes like this and once it starts to get into bearish, they'll get back gradually being a dormant account again.
And the price just dropped with a wide margin today. While it might too early to predict the influence of Japanese long time holders and those migrating from Gold to bitcoin, the report from crypto whale alert as shown that millions of stable coin are being pumped from different wallet to big exchange such as binance, huobi and the rest for the past 1 week which I believe this is part of the reason while the price is surging. If the long time holder with huge amount enter too, will might see alot of market correction because many of them will be taking profit.
Those owners of dormant accounts are "waking up" only to sell the Bitcoins and take the profits.
Maybe a part of them will buy some Bitcoins,or maybe altcoins,but it's all about selling.This will have an impact over the Bitcoin price and it will push the bulls down and stop the rally.
Well, every rally wouldn't stop if someone's selling, each sells there's' always a counterpart to that, someone's buying it. And we just hit reach 12k, who knows it will take soar higher than this for the next days and months. Maybe a part of them will buy some Bitcoins,or maybe altcoins,but it's all about selling.This will have an impact over the Bitcoin price and it will push the bulls down and stop the rally.
If dormant accounts suddenly wake up because the price of Bitcoin has now gone past $10,000, what would be the most likely and convincing reason? It would be to sell most probably. It won't be buying for sure because Bitcoin has just had its long hibernation time under $10,000.
And so I guess the waking up doesn't have much to do with these:
And especially not with this:
This happened a few months ago already. If a portion of this dole-out actually went to Bitcoin, then it must have happened already in April or May. It is quite unreasonable to expect the same amount to be used to buy Bitcoin after a few months and only when the price of Bitcoin is rallying.
And so I guess the waking up doesn't have much to do with these:
3) Surge in the price of Gold
4) People wants to buy Bitcoins so they don't want to wait to make new accounts , therefore they are using their old accounts which were dormant since long
4) People wants to buy Bitcoins so they don't want to wait to make new accounts , therefore they are using their old accounts which were dormant since long
And especially not with this:
Quote
2) Government paying stimulus around 930$ per household
This happened a few months ago already. If a portion of this dole-out actually went to Bitcoin, then it must have happened already in April or May. It is quite unreasonable to expect the same amount to be used to buy Bitcoin after a few months and only when the price of Bitcoin is rallying.
Its time to wake up for a deep sleep because the bells are ringing. They'd be probably be trading more as its a good time and easy to profit by trading when the market is raging up.
The number of users going to be registering to exchanges are also rising. Its a decade old and crypto had already solidified its usefulness in the worse times, I also think this will really be a change going to the golden era for cryptocurrencies.
Interesting analysis. If we check the activities in creating/using exchanges accounts during all the last pumps, we would get the same result for sure. So this is not something surprising.
Op, how you related the revived accounts with the those who prefer to die before to sell their btc under 10k dollars?
2- Bitcoin is not made to replace gold. Each one has its utilities.
Op, how you related the revived accounts with the those who prefer to die before to sell their btc under 10k dollars?
How it can affect us ?
1) Price might be affected if these accounts starts trading
2) Since some Investors are moving from Gold to Bitcoins this might mean start of a golden era for cryptocurrencies
1- If they own the dormant addresses with a huge amount of btc, the price will get a heavy drop for sure.1) Price might be affected if these accounts starts trading
2) Since some Investors are moving from Gold to Bitcoins this might mean start of a golden era for cryptocurrencies
2- Bitcoin is not made to replace gold. Each one has its utilities.
Anyway,I prefer this situation on the market,rather than the July stagnant and "sleeping" Bitcoin market.
I did really enjoy that stability. Not everybody is a trader or a btc hodler. We need a stable price for bitcoin, this would help in spreading the adoption. Jump to: