Old Bitcoins | Bitcointalksearch.org

reagansimms

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Quote from: FrontEnd on August 20, 2024, 09:36:39 AM

1. Is there any value in "old bitcoins" compared to new ones?
For example, bitcoins that have been on wallet.dat since 2012 have a higher value than bitcoins since 2024?

2. I am also interested in if you transfer bitcoins 2012 year to another wallet, and the change returns to the old one, will they both become bitcoins in 2024?

P.S.
I'm not selling anything.
I couldn't find a similar topic in the search, so I created this topic.

1 Bitcoin you have held since 2012 has the same value as 1 Bitcoin you buy in 2024. The difference lies in the purchase value because the price of Bitcoin in 2012 and the price in 2024 have very different prices. There is no such thing as old Bitcoin or new Bitcoin, the status remains the same because Bitcoin is not updated at any particular time. The Bitcoin stored in Satoshi's wallet is the same as the Bitcoin you bought now because there is no difference in stock even though you just bought it.
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Agbamoni

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Quote from: FrontEnd on August 20, 2024, 09:36:39 AM

1. Is there any value in "old bitcoins" compared to new ones?
For example, bitcoins that have been on wallet.dat since 2012 have a higher value than bitcoins since 2024?

2. I am also interested in if you transfer bitcoins 2012 year to another wallet, and the change returns to the old one, will they both become bitcoins in 2024?

P.S.
I'm not selling anything.
I couldn't find a similar topic in the search, so I created this topic.

You did not ask your question properly though. By my own understanding, there is nothing like old Bitcoin or new Bitcoin. It is the same Bitcoin you have then that you have now. The only difference is that the value of the ones you have in your old wallet would have increased significantly in price if you had not sold them yet. Perhaps you just realize you have some Bitcoin from the earlier days then it is a good time. If you want to sell them know you would have a good profit, but your ca still choose to keep it for more years hoping for more profits.

Asiska02

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Quote from: FrontEnd on August 20, 2024, 09:36:39 AM

1. Is there any value in "old bitcoins" compared to new ones?
For example, bitcoins that have been on wallet.dat since 2012 have a higher value than bitcoins since 2024?

Bitcoin is still bitcoin no matter the year it has been mined and kept in a wallet, it will make no change and can still be used for the same purpose and still maintain same value as the current price it’s been traded in.

Quote

2. I am also interested in if you transfer bitcoins 2012 year to another wallet, and the change returns to the old one, will they both become bitcoins in 2024?

Bitcoin is bitcoin OP, and the wallet it has been transferred to does not matter as long as it can receive bitcoin. Bitcoin is not physical fiat that you can see changes or can differentiate them when you see the year written on it to be printed.

Taskford

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Quote from: letteredhub on August 22, 2024, 01:14:38 PM

Quote from: FrontEnd on August 20, 2024, 09:36:39 AM

1. Is there any value in "old bitcoins" compared to new ones?
For example, bitcoins that have been on wallet.dat since 2012 have a higher value than bitcoins since 2024

This is very technical to answer but I'll attempt answering this in a very simple manner.

There is no difference in actual sense whether old or new bitcoins, the only difference is with time-period. Time/period in the sense that the value of 1BTC in 2012 in fiat is not same with the value now in 2024 in fiat, but however you move that 1BTC to whichever wallet it still remains as one bitcoin only but time valued based on market volatility.

What pretty interesting is they create some rarity of those old bitcoins but people didn't take it seriously and they focus on its current value. We see that there's no big deal either they acquire their bitcoins way back before and even now since if they sell it on exchange they could able to get the same current value.

People don't talk about bitcoin rarity but rather the flow of discussion is always base on its volatility, also on how people could earn a lot more. Its still good that this topic has been posted since we get a great ideas about those old bitcoin since it can somehow help us to know a lot more information about bitcoin.

BlackBoss_

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Quote from: Zigabel on August 22, 2024, 01:48:01 PM

You may only encounter challenges transferring especially if there's been som update on the wallet version and if the Bitcoin was isn't in the recent core of which I think is supposed to update automatically,( I sta d to be corrected if I'm wrong on this) asides this updates, your quantity is very likely to be same but the value mostly will change for good and profit for you.

With Bitcoin private key, you are all good because you can import the private key to many wallets and get access to your bitcoin.

Problems are big only if you store bitcoins in accounts on centralized exchanges, online platforms and don't own private keys. Other reasons can be lack of wallet back ups or lack of testing on your backups and if you made something wrong when backing up your wallets, you will not be able to recover your wallets with bad backups.

How to back up a seed phrase
Reminder: do not keep your money in online accounts

Don't use cool Bitcoin wallet seed phrase with one repeated word!

How Many Bitcoin Seed Phrases Are Only One Repeated Word?

Zigabel

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Bitcoin isn't a hardware so you shouldn't be expecting to observe any physically known change, the only change you are going to observe will be the change in value I mean, that's quite a long holding and over the years Bitcoin has experienced some kind of increase in value which is a significant one to notice within the said period of time.

You may only encounter challenges transferring especially if there's been som update on the wallet version and if the Bitcoin was isn't in the recent core of which I think is supposed to update automatically,( I sta d to be corrected if I'm wrong on this) asides this updates, your quantity is very likely to be same but the value mostly will change for good and profit for you.

nakamura12

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The value of old bitcoins and new bitcoins is the same. Bitcoin is Bitcoin no matter how old it is or how new it is however it may have more value if someone is willing to pay more money just to have the old bitcoin but as I explained the value is the same as the new one or should I say, it depends on the market. If you transfer the old Bitcoin to a new wallet then it will be transferred and it is the same old bitcoin since it will be included in the block the data of the old bitcoin.

letteredhub

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Quote from: FrontEnd on August 20, 2024, 09:36:39 AM

1. Is there any value in "old bitcoins" compared to new ones?
For example, bitcoins that have been on wallet.dat since 2012 have a higher value than bitcoins since 2024

This is very technical to answer but I'll attempt answering this in a very simple manner.

There is no difference in actual sense whether old or new bitcoins, the only difference is with time-period. Time/period in the sense that the value of 1BTC in 2012 in fiat is not same with the value now in 2024 in fiat, but however you move that 1BTC to whichever wallet it still remains as one bitcoin only but time valued based on market volatility.

348Judah

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Quote from: FrontEnd on August 20, 2024, 09:36:39 AM

1. Is there any value in "old bitcoins" compared to new ones?
For example, bitcoins that have been on wallet.dat since 2012 have a higher value than bitcoins since 2024?

It all depends on the quantity you're having in consideration, for instance if you have 1btc as at 2012 and now you're also having 1btc in 2024, the difference is clear because the first one you had earlier since 2012 would have increased in value and that alone will have to depend on the rate of how much one bitcoin is valued in USD till this time, then you one you're having in this year will also have to increase in value over time if you can hold.

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Quote from: FrontEnd on August 20, 2024, 09:36:39 AM

1. Is there any value in "old bitcoins" compared to new ones?
For example, bitcoins that have been on wallet.dat since 2012 have a higher value than bitcoins since 2024?
~snip~

I can confirm that these "old coins" can sometimes be more valuable than "new coins" for the reason that some people will pay more for a coin that has not been moved for a long time because it allows them not to pay taxes. Of course, in that case, those who buy such coins should also buy the private keys of the addresses where these coins are located in order to be able to sign a message proving ownership.

Also, new coins can sometimes have a premium price, there were stories that the so-called "virgin coins" from miners can achieve up to 20% higher price than regular ones - although that was a long time ago when BTC was much cheaper than today.

nc50lc

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Quote from: FrontEnd on August 20, 2024, 09:36:39 AM

1. Is there any value in "old bitcoins" compared to new ones?
For example, bitcoins that have been on wallet.dat since 2012 have a higher value than bitcoins since 2024?

Just remember this to understand it: wallet.dat files don't contain bitcoins, it contains "private keys".
Units of bitcoins are "unspent transaction outputs" (UTXO) that are locked in the Bitcoin Blockchain which can be unlocked by the private keys in your wallet.

So, in terms of being old, it's only a matter of being included to an old block which has no special characteristics compared to UTXO in the newer blocks.

Quote from: FrontEnd on August 20, 2024, 09:36:39 AM

2. I am also interested in if you transfer bitcoins 2012 year to another wallet, and the change returns to the old one, will they both become bitcoins in 2024?

Once you spent an old UTXO, it whole value should be spent.
The transaction will create new output(s) (the recipient, and change if there's an excess amount)
and that transaction will be saved in the latest block mined by a miner that accepted that transaction to his mempool.

So, since the UTXO are now in a new block, those are now basically "bitcoins in 2024". Although such term doesn't exist.

ultrloa

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Quote from: FrontEnd on August 20, 2024, 09:36:39 AM

1. Is there any value in "old bitcoins" compared to new ones?
For example, bitcoins that have been on wallet.dat since 2012 have a higher value than bitcoins since 2024?

2. I am also interested in if you transfer bitcoins 2012 year to another wallet, and the change returns to the old one, will they both become bitcoins in 2024?

P.S.
I'm not selling anything.
I couldn't find a similar topic in the search, so I created this topic.

Remain the same and nothing will change about that since you receive the same value even if you bought it many years ago.

But there's a good article regarding different rarity of bitcoins come check it in this link Bitcoin Satoshi from Uncommon to Mythic

Question two will also be the same. Nothing will be change and again you can still get same btc and also same current value. Everything is the same and those added names maybe created just for hype and maybe they want people to think about that there is a possible good value if they hold old bitcoins.

dzungmobile

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Quote from: uchegod-21 on August 21, 2024, 03:35:54 PM

What happens is that in 2012, you could easily see upto 20BTC in someone's custody which is very rare now. You can be seeing bitcoin in decimals now such as 0.04BTC

You can see this information with Bitcoin Rich List for addresses, not for people. Because it's impossible to identify all Bitcoin owners, and with on-chain data, we only can identify addresses.

https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

The chart can help you to see changes with time too.
https://www.bitcoinmagazinepro.com/charts/addresses-greater-than-10-btc/

tabas

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I think that I've probably read somewhere that there is this kind of NFT calculator or evaluator thingy that it's more valuable to have old Bitcoins and it's getting more value but that's another kind of value on top of the actual rate of Bitcoin. But as everyone is pointing out, there's no sense in it. Bitcoin is Bitcoin, old and new are having the same value and if what I've said is what made you think that there's a better value for the older type of Bitcoins, it's just another form of an NFT. I can't just remember where I have read that kind of thing.

uchegod-21

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Quote from: FrontEnd on August 20, 2024, 09:36:39 AM

1. Is there any value in "old bitcoins" compared to new ones?
For example, bitcoins that have been on wallet.dat since 2012 have a higher value than bitcoins since 2024?

1BTC = 1BTC
What happens is that in 2012, you could easily see upto 20BTC in someone's custody which is very rare now. You can be seeing bitcoin in decimals now such as 0.04BTC.

Quote from: FrontEnd on August 20, 2024, 09:36:39 AM

2. I am also interested in if you transfer bitcoins 2012 year to another wallet, and the change returns to the old one, will they both become bitcoins in 2024?

BTC will ever remain BTC, whether it is sent BTC or it returned as change and in whichever wallet. Remember bitcoin has a fix supply of 21 million. Fake bitcoin doesn't exist unless you are talking about hard forks of Bitcoin.

moneystery

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bitcoin is still bitcoin, even if it's from 2009 if you keep holding it until 2024 then its value will follow the current bitcoin price, no more and no less.

no need to confuse yourself with the value of bitcoin, because its value will follow the market. no matter how long you hold it, its value will follow the market, for example in 2024 you buy bitcoin worth 100 usd, but in 2025 its value could be 80 usd, even when you hold it for a year, because it is possible that during that year the price of bitcoin has decreased and that has a direct impact on the value of your assets.

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Quote from: FrontEnd on August 20, 2024, 09:36:39 AM

1. Is there any value in "old bitcoins" compared to new ones?
For example, bitcoins that have been on wallet.dat since 2012 have a higher value than bitcoins since 2024?

2. I am also interested in if you transfer bitcoins 2012 year to another wallet, and the change returns to the old one, will they both become bitcoins in 2024?

P.S.
I'm not selling anything.
I couldn't find a similar topic in the search, so I created this topic.

I get what you're thinking OP....
This how it is, Bitcoin Is just like a digital currency that , just like your normal currency it's value could decrease or increase but in the case of Bitcoin from its existence, the value has been increasing massively.
Thus, miners mines bitcoin evry time they solve hash of a particular block to add them to the blockchain(requires a lot of computational power to do this) which earns them rewards,these rewards are in BTC and with this new BTC enters into circulation... Note:there is a fixed amount of bitcoin that can be mined entirely.
However this new coins entering into circulation has no stamps or tag to identify the, besides its a digital world so either you are having bitcoin right from the onset or you're just getting it you have same( bitcoin ) but the price you will be getting a certain quantity of BTC now will be somehow high compared to someone who got his/her own years back.

About the sending, I think it has been addressed... it's simple there's no stamp on it you are only dealing with figures in BTC (micro unit sats).

Ojima-ojo

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Bitcoin is Bitcoin and there is nothing like an update or year number in Bitcoin, the Blockchain only has once the transaction is send to the network, so regardless of what year you held Bitcoin, it doesn't have record in network.

On like fiat currencies like the US dollar which year have a significant effect on the value on the currency in other countries like mine.

dkbit98

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Quote from: FrontEnd on August 20, 2024, 09:36:39 AM

Is there any value in "old bitcoins" compared to new ones?

No difference at all, as it should be.
Old keys could have possibility of forked coins that could be sold to provide more bitcoin after sellings.

Quote from: FrontEnd on August 20, 2024, 09:36:39 AM

I am also interested in if you transfer bitcoins 2012 year to another wallet, and the change returns to the old one, will they both become bitcoins in 2024?

What kind a weird question is this? Roll Eyes

You send all your coins to a new address so there won't be any change, but bitcoin remains bitcoin no matter what kind of transactions you are doing.

Cricktor

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Bitcoin is intentionally and by design non-fungible. There's no valid point for colored bitcoins or this Ordinal theory nonsense giving every Satoshi some unique numberplate or what else this bullshit is about.

For me 1BTC from whatever year is the same as another 1BTC from any other year. I don't care as long as it's the true and only Bitcoin.

The only reason why I care of the age of coins is for tax reasons. In my country I can take profit from selling coins that I held for more than a year tax free. Good enough reason for me to pay attention to. Otherwise, who cares?

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