I know a few people sitting on a few large blocks of crypto that have been dormant for well over 10 years. If you had a lot back in the day and then broke it up into large blocks of coins (say 1000+) and then over the years moved them to spend it's really not that big a deal.
If you do a search, you can see topics similar to this coning up again and again every few months / years.
Unless people come out and tell us, and they probably won't. It's just people posting things to get clicks and or views. But, it's all 100% meaningless.
-Dave
Topic: The Dormant Address have been woke up, Are you worry? - page 2. (Read 438 times)
Why are they Selling?
It could be due to a change in their financial situation,
or they may have simply lost interest in Btc
It's also possible that they are selling for strategic as you are insinuating or they are taking profits or diversifying their portfolio.
Ultimately, the decision to sell or hold Bitcoin is a personal one and may be influenced by a variety of factors.
It could be due to a change in their financial situation,
or they may have simply lost interest in Btc
It's also possible that they are selling for strategic as you are insinuating or they are taking profits or diversifying their portfolio.
Ultimately, the decision to sell or hold Bitcoin is a personal one and may be influenced by a variety of factors.
OP, I don't see why anyone would worry about this. This happens on a fairly regular basis - someone touching their coins for the first time since 2011/12/13.
And also....like, this is people's money! Why would people simply moving their money be a cause for concern??! The idea that there is something to be worried about just because someone moved some of their bitcoin for the first time in a long time means you are focusing way too much on "price go up, price go down" and not nearly enough on what Bitcoin actually is. Bitcoin is money. There is nothing bad about someone moving their money.
Maybe they are moving it to a newer address type. Maybe they are moving it to an exchange to sell. Maybe they are moving it to buy something. Maybe they are doing something else with it. No matter what they are doing, it doesn't matter, and is not any cause for worry, because it is their money and they can do whatever they want with it! That's kinda the whole point of Bitcoin!
And also....like, this is people's money! Why would people simply moving their money be a cause for concern??! The idea that there is something to be worried about just because someone moved some of their bitcoin for the first time in a long time means you are focusing way too much on "price go up, price go down" and not nearly enough on what Bitcoin actually is. Bitcoin is money. There is nothing bad about someone moving their money.
Maybe they are moving it to a newer address type. Maybe they are moving it to an exchange to sell. Maybe they are moving it to buy something. Maybe they are doing something else with it. No matter what they are doing, it doesn't matter, and is not any cause for worry, because it is their money and they can do whatever they want with it! That's kinda the whole point of Bitcoin!
why are they selling it now, and not on ATH acouple years ago?.
No one knows it's ATH until price had passed through it. I'm sure those selling after ATH would've sold during the ATH, no matter what time plan they had in place. No one likes to miss chances if they could take it. I think that was what happened. Again, it could also be that they couldn't sell before now because they couldn't unlock the wallets. May be they never figured out where they wrote down the private keys or password to the wallets until now. It could also be something totally unrelated to what I think. We never can pointedly tell though, except those involved tell their stories. I actually don't care about this because for me btc price will always fluctuate for various reasons. But when I look at this, maybe a bit worried, I don't know how many people in 10 years ago still own a lot of Bitcoin until today and sell it at the same time. So What you're though?. why are they selling it now, and not on ATH acouple years ago?.
Did not open the link, but did it mention something like he's really selling it? Or they're just moving it into a different address? You know, to get everyone's attention. Because IMO, it doesn't really make sense to just dump that huge amount of Bitcoin at this current price. Regardless, there's really nothing to worry about coz it even barely affect Btc price ,otherwise it would be a good opportunity for us to get fractions again at a lower price.
Not really, this doesn't really mean much to me. People react to what market may do in the future early and then the market does that because they reacted. If you think that it will go down and everyone sells because of that, then it will go down of course, that's the key point here.
I can't believe that I have to say this but if we all ignore and nobody sells because of this then it will also not get any attention neither. This guy has been holding for so long, why would he want to sell now? What changed? I think this 27 million is nothing and should not be cared at all, we are talking about a small amount in the grand scheme of things and if everyone ignores at the same time, even if all 1000 btc were sold, it won't crash the price at all.
I can't believe that I have to say this but if we all ignore and nobody sells because of this then it will also not get any attention neither. This guy has been holding for so long, why would he want to sell now? What changed? I think this 27 million is nothing and should not be cared at all, we are talking about a small amount in the grand scheme of things and if everyone ignores at the same time, even if all 1000 btc were sold, it won't crash the price at all.
1k coin is just 30 minutes of binances 24hour volume
Volume doesn't matter in a dump, what matters is the order book and the depth.
You can have 1 trillion in volume and only $5k in the +/- 2%, guess what a $10k dump would do ?!
make a small lil line
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temporary price drama on one exchange..get over it the drama of such would be over faster then us discussing theoreticals on this forum.
yep as fast as the sell happens. the trade bots will refill the order book just as fast.
just look at the exchanges orderbooks live data. how fast the 'wall bots' cancel orders and re initialise their orders when prices move.
alot of the depth is not real traders wanting to buy/sell. its actually bots creating walls to keep prices in certain ranges so that one exchange matches another exchange within reason.
and yes when prices do move the depth disappears. not due to sell but due to cancelling orders. and seconds later they reappear again to bring the price back to norms
1k coin is just 30 minutes of binances 24hour volume
Volume doesn't matter in a dump, what matters is the order book and the depth.
You can have 1 trillion in volume and only $5k in the +/- 2%, guess what a $10k dump would do ?!
So rather than looking at the volume check the orders and how low would a 1k sell go (you don't even need an account on Binance for that).
There's nothing to be afraid of, we've seen series of these dormant addresses that have woke up and it doesn't matter whether they're about to be sold or they just want to move it into another address.
It is not a trend but sometimes people get do worried when they see people dump bitcoins even if it's not on ATH. The thing is, even if it's not the best time to sell and it's not the bull season, we've got our needs and that's already a lot of decent profits being made by whoever owns those bitcoins.
Even I, if I'm in need having 1k bitcoins. I'd sell some of it just for fulfill some of my needs or even spend it for pleasure. That's the power holding.
It is not a trend but sometimes people get do worried when they see people dump bitcoins even if it's not on ATH. The thing is, even if it's not the best time to sell and it's not the bull season, we've got our needs and that's already a lot of decent profits being made by whoever owns those bitcoins.
Even I, if I'm in need having 1k bitcoins. I'd sell some of it just for fulfill some of my needs or even spend it for pleasure. That's the power holding.
https://twitter.com/search?q=dormant%20address%20%23BTC&src
I actually don't care about this because for me btc price will always fluctuate for various reasons. But when I look at this, maybe a bit worried, I don't know how many people in 10 years ago still own a lot of Bitcoin until today and sell it at the same time. So What you're though?. why are they selling it now, and not on ATH acouple years ago?.
Not impressed. 7k BTC can't move the market considerably nowadays. Besides, they aren't necessarily selling, perhaps they're just consolidating wallets, or moving between wallets?
But I assume it's not simple curiosity from the aspect of the information on the person itself as the fear that guy might have more coins, so more dumping, so Lambo's dream is delayed by another year. You know how rumors work, that guy sells, he's a whale, he must know something, should I do the same?
a 1000 coins is not a whale. think about it they only invested $4k-$15k in 2012..
a whale is the ones with over 100k btc in their control. those are the once you dont want to see beaching
1k coin is just 30 minutes of binances 24hour volume
Not really worried or anything, at the end of the day whatever they do with their bitcoins, we have no agency over since it's theirs, they mined it/earned it, and although the effects of them selling it or even just transferring it to an exchange that could incite the notion of selling it is going to be bad for bitcoin, it's nothing that we can't really weather. Heck, we've gone so low we even doubted if bitcoin would still recover, and it did, so whenever news about bitcoin whales becoming active again breaks out I'm not really scared in particular. For one, it means more bitcoins for us to get around with, and earn in the future, and another, I wouldn't necessarily have to worry bout losing my investment because I diversify my portfolio.
To be honest, there's no way that they will all suddenly sell their bitcoins all at once, they could've done that back when bitcoin was at 70k, I'm sure that there's something different here that we should really just mind our own business, just be prepared nonetheless because whatever happens, if you're prepared then you won't really feel the negative effects if there's any.
https://twitter.com/search?q=dormant%20address%20%23BTC&src
I actually don't care about this because for me btc price will always fluctuate for various reasons. But when I look at this, maybe a bit worried, I don't know how many people in 10 years ago still own a lot of Bitcoin until today and sell it at the same time. So What you're though?. why are they selling it now, and not on ATH acouple years ago?.
Another thing we don't have to assume that they are selling it simply because it moved after a long time. Probably they are even moving to much safer place considering the recent advancement in the wallet.
Take it easy mate, before you start panicking, I heard that old Bitcoin holders are waking up their bitcoin wallet due to possible vulnerable private key exposure, some old wallets are losing their Bitcoin, getting stolen by a lone hacker, the news has spread to the whales around the world and they are moving their Bitcoin into a new wallet.
If I remember correctly, years ago so many people store their Bitcoin private keys on their mail and some online cloud storage services, I think that's how the whale's private keys are leaked, the lesson that everyone should learn from this is to never store your private key online, most times you believe they are safe because no one has access to your mail account but the fact that the private keys are online, they aren't safe completely.
Also, I will like to advise you to move your funds aka assets to a new wallet address every year, I think it's for the greater good, you never know who is watching, even under your roof.
If I remember correctly, years ago so many people store their Bitcoin private keys on their mail and some online cloud storage services, I think that's how the whale's private keys are leaked, the lesson that everyone should learn from this is to never store your private key online, most times you believe they are safe because no one has access to your mail account but the fact that the private keys are online, they aren't safe completely.
Also, I will like to advise you to move your funds aka assets to a new wallet address every year, I think it's for the greater good, you never know who is watching, even under your roof.
Moving your funds to a new wallet address every year is a huge waste of time. Bitcoin is transparent by design if someone is watching your wallet they will be able to track those coins.
If it's not your address, it's not your concern. It's a simple enough concept. What business is it of yours if someone decides to move their funds after a period of inactivity? None. People need to focus on looking after their own wealth and leave others to do the same.
Human nature at its best.
Everyone preaches about privacy, as how to hide your coins, to not talk about it with friends and family, and at the same time, some are dying of curiosity to find out who Satoshi is, how many coins he has, if he still has access to his coins and so on. One moment after they preach about the pseudo-anonymity of Bitcoin and against KYC and other things they want a full DNA sample from the guy that moved x coins.
But I assume it's not simple curiosity from the aspect of the information on the person itself as the fear that guy might have more coins, so more dumping, so Lambo's dream is delayed by another year. You know how rumors work, that guy sells, he's a whale, he must know something, should I do the same?
I'm quite sure a lot think that if people who have sat with their coins untouched for so long have decided to cash out it's because they don't think holding coisn will earn much profit from now on, so that's why the panic right now.
Take it easy mate, before you start panicking, I heard that old Bitcoin holders are waking up their bitcoin wallet due to possible vulnerable private key exposure, some old wallets are losing their Bitcoin, getting stolen by a lone hacker, the news has spread to the whales around the world and they are moving their Bitcoin into a new wallet.
If I remember correctly, years ago so many people store their Bitcoin private keys on their mail and some online cloud storage services, I think that's how the whale's private keys are leaked, the lesson that everyone should learn from this is to never store your private key online, most times you believe they are safe because no one has access to your mail account but the fact that the private keys are online, they aren't safe completely.
Also, I will like to advise you to move your funds aka assets to a new wallet address every year, I think it's for the greater good, you never know who is watching, even under your roof.
If I remember correctly, years ago so many people store their Bitcoin private keys on their mail and some online cloud storage services, I think that's how the whale's private keys are leaked, the lesson that everyone should learn from this is to never store your private key online, most times you believe they are safe because no one has access to your mail account but the fact that the private keys are online, they aren't safe completely.
Also, I will like to advise you to move your funds aka assets to a new wallet address every year, I think it's for the greater good, you never know who is watching, even under your roof.
Worry less OP, nobody knows if it is just a transfer from one wallet to another. This is normal for abandoned wallets by whales to be active again. It wouldn't have an effect on bitcoin price for long,bit just for the moment because they are not the only ones in the market,which makes it impossible for the market to be influenced by that amount of bitcoin. If they sell off their coins,there is always someone ready to buy. It will only be transfered from one wallet to another.
Bitcoin has a solid foundation already and that foundation can't be shaken by the government, or economy challenges like inflation. I don't see why 1000 awakened btc will make investors scared,when the total bitcoin is circulation is more than these trapped ones. I believe that they have made so much profit from it and choose to sell off for some reasons known to the owners,if they sold.
Bitcoin has a solid foundation already and that foundation can't be shaken by the government, or economy challenges like inflation. I don't see why 1000 awakened btc will make investors scared,when the total bitcoin is circulation is more than these trapped ones. I believe that they have made so much profit from it and choose to sell off for some reasons known to the owners,if they sold.
I actually don't care about this because for me btc price will always fluctuate for various reasons. But when I look at this, maybe a bit worried, I don't know how many people in 10 years ago still own a lot of Bitcoin until today and sell it at the same time. So What you're though?. why are they selling it now, and not on ATH acouple years ago?.
Just because someone decided to move their bitcoins doesn't automatically mean that they plan to sell it, and even if they indeed decided to sell now, I see no problem with it. You are not the only one worried though with recent moves as I've seen some ridicolous theories on Twitter earlier today like "someone managed to generate private keys so that's why those old bitcoins are moving" lol. What does "someone managed to generate private keys mean"?
I actually don't care about this because for me btc price will always fluctuate for various reasons. But when I look at this, maybe a bit worried, I don't know how many people in 10 years ago still own a lot of Bitcoin until today and sell it at the same time. So What you're though?. why are they selling it now, and not on ATH acouple years ago?.
Just because someone decided to move their bitcoins doesn't automatically mean that they plan to sell it, and even if they indeed decided to sell now, I see no problem with it. You are not the only one worried though with recent moves as I've seen some ridicolous theories on Twitter earlier today like "someone managed to generate private keys so that's why those old bitcoins are moving" lol. Jump to: