The Dormant Address have been woke up, Are you worry?

pawel7777

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Quote from: franky1 on April 26, 2023, 02:26:52 PM

people like for instance micheal saylor have bought large clumps of bitcoin all at once.. multiple times.. meaning someone else was selling to him at that same once.

yet markets did not move to any bad degree.

Well, Microstrategy made their biggest purchases in the 2nd half of 2020 (a series of buys totaling over 70k bitcoins) which was in line with the beginning of the biggest bull run, so it's hard to dismiss they might have had some effect on the price.
They were buying OTC so the timing of the impact on the market could've been delayed and it's way harder to measure it.

A full record of their purchases, if anyone's interested, can be found here: https://buybitcoinworldwide.com/microstrategy-statistics/

But yeah, a single buy/sell of a few thousand is not something to get excited about.

Fivestar4everMVP

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Quote from: blue Snow on April 25, 2023, 04:22:00 AM

But when I look at this, maybe a bit worried,

There is absolutely nothing to be worried about, like you said, whether this guys sell it or not, the price of bitcoin will always fluctuate for several reasons, and should I tell you something?
It is actually better for the price of bitcoin to go down because someone dumped a bag, than for it to go down become a big exchange was hacked or went bankrupted - for the first, the price will quickly recover back to its normal price, but for the latter, it will take very much time for the price to recover, simply because, several people are selling in other to cub their loses - and some selling out of lost confidence.

Quote

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?.

It's not like we usually know what the all time high price of bitcoin will be before it reaches that price, if there is a way for us to know, do you think anybody would want to buy bitcoin at the all time high price,?
Think about it and I believe this should answer your question.

paid2

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Why are you worried?

Anyone can need cash, even some whales can need to sell BTC. Who knows ?

Personally I hold my Bitcoin for the long term, I'm not worried about large volume sales and potential price fluctuations, there's nothing you can do about it.

I don't have any particular analysis of the fact that several large wallets are moving BTC in a synchronized way. But I'm not worried about that. We don't know, if it is the same person who has several addresses? And even if it was several people, it doesn't seem to impact the price more than that.

We all know that in the future, there will be other big sales of BTC volumes, there will be future big volumes bought. That's just the way it is.
Fanky1 is 100% right, for every seller there is a buyer, that's the order of things in terms of Bitcoin.

kryptqnick

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I don't see any reason to be concerned about it affecting the price, as waking up doesn't mean intending to sell all holdings at once, and even 27.5 million USD worth of Bitcoin isn't that much, considering that BTC 24-hour Volume is 25.7 billion USD. So it's still a drop, even if a pretty significant drop, even if an owner of such an address somehow decides to sell so many bitcoins at once.
What I see in such news is actually a positive thing, namely that coins that were most likely presumed to have been long-lost turn out to not be lost after all when an old address is suddenly active.

darkangel11

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Quote from: xSkylarx on April 26, 2023, 02:01:31 AM

I am just amazed, not worried, as to how they were able to recover if it was lost over that span of years, their bitcoin, and also what the story behind it was. For sure, anytime soon, they will sell it. Also, we ain't newbies anymore; we've already seen how Bitcoin dumps and how it comes back, so for sure, if they sell it, it will be just small bits of dump, and again, I am more worried about halving next year as I am expecting a lot with the price after it.

I don't think it was a lost address and people sometimes move money around, so no need to worry. One of the most obvious reasons for me to move my money would be to make it a gift to someone and in 10 years a lot of things can happen. Your children grow up, get married, you retire...
Sometimes people die and their relatives take over their savings. This is going to continue as time goes by. 20 years from now somebody will look at the addresses you make right now and say: that had to be a rich whale, hope he doesn't move that 1 whole bitcoin.

bayu7adi

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Quote from: _act_ on April 25, 2023, 04:50:28 AM

Only the whales can know why they are selling now.

It's entirely possible that they're an individual investor without any affiliation to the "whales." Thus, only the owner knows when and why they're selling their BTC.

Quote from: _act_ on April 25, 2023, 04:50:28 AM

Only the whales can know why they are selling now.
But we do not need to be afraid of anything because even if some whales sell, a time is coming that many people will buy and the price will rise again.

Wow, do you think there will be 'many people will buy and the price will rise again'?

It's hard to say for sure, as the existence of Bitcoin will remain decentralized from now on. This makes it a highly speculative investment, subject to each individual's strategy, facts, and opinions. While many people may be tempted to buy Bitcoin after a wallet dump, this can also cause panic, leading some to sell their Bitcoin. It's important to remember that everyone has different levels of resilience and patience. Therefore, mere confidence alone cannot predict a significant surge in Bitcoin purchases after a dump.

franky1

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people like for instance micheal saylor have bought large clumps of bitcoin all at once.. multiple times.. meaning someone else was selling to him at that same once.

yet markets did not move to any bad degree.

yep many time he bought more then 1000coins each. and those times did not cause massive price changes.

so calm down folks
remember for each seller is a buyer

pawel7777

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Quote from: m2017 on April 26, 2023, 05:35:31 AM

So all the same, are you worried or not because of this? Wink

What do you propose to do? Panic and fan the hype about this event?

No one can influence the change of this occurred event (except for this whale). So maybe just relax and not worry about it?

I propose to look at this situation this way: if someone sells, then this is an opportunity for someone to buy. Wink

Why are they selling now? Hmm, it's better to ask them themselves. We still can't find out, even if our guesses turn out to be accurate.

You're right but for the wrong reasons. Yes, we shouldn't be worried about that amount is not big enough to affect the market in any serious way.
But in general, if someone was to move a huge stash of bitcoins to the exchange, then a drop in the price would be expected. As such, it would make sense to take advantage of that, sell and buy back more at a cheaper price. Sounds like a better plan than relaxing and doing nothing.

majeed

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Quote from: blue Snow on April 25, 2023, 04:22:00 AM

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?.

Yo, let's chat about Bitcoins! Over the last decade, the value of Bitcoins has been all over the place, and people have bought and sold them for all sorts of reasons. But hey, it's still a thing, and it's made some peeps some pretty sweet cash. In recent times, the demand for Bitcoins has gone up, which has driven up their value. Now, I get it, you're worried about the people who sell their Bitcoins, but let's be real, it's a volatile asset, and folks sell for all kinds of reasons. But check it out, the future of Bitcoin is looking promising, and more and more investors are getting in on the game every day. So don't stress, we're gonna see some new highs before you know it!

Cookdata

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Quote from: blue Snow on April 25, 2023, 04:22:00 AM

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?.

I think market makers are skilled at manipulating the price of Bitcoin using news like this. I noticed that when there is no positive catalyst to push the price up, such news tends to appear, and market makers often take advantage of the fear, uncertainty, and doubt (FUD) surrounding long-term investors selling their Bitcoin by having an open short order.

I even find it difficult to comprehend why there is FUD over a mere 2k Bitcoin because it is a small amount that can be absorbed by the normal trading volume on weekdays without causing any significant damage but traders will always tend to create panic, and the media also contributes to this by trying to create sensational news that generates attention to their websites.

m2017

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Quote from: blue Snow on April 25, 2023, 04:22:00 AM

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?.

So all the same, are you worried or not because of this? Wink

What do you propose to do? Panic and fan the hype about this event?

No one can influence the change of this occurred event (except for this whale). So maybe just relax and not worry about it?

I propose to look at this situation this way: if someone sells, then this is an opportunity for someone to buy. Wink

Why are they selling now? Hmm, it's better to ask them themselves. We still can't find out, even if our guesses turn out to be accurate.

Lucius

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Quote from: blue Snow on April 25, 2023, 09:05:09 PM

Both are yes, and I'm not hypocritical about that (merit and quota), because I human..

It's human nature to do such things, but if it's for your comfort, most of the forum members think like you - otherwise, someone would have reported your thread as a "low value topic" and this discussion would most likely not even exist.

Quote from: blue Snow on April 25, 2023, 09:05:09 PM

And 1 more reason is maybe my post can be affected the bitcoin price, maybe my post can make FUD people here to sell their bitcoin in exchange because my bid is still there.

I thought there was only one member of the forum who could influence the price of Bitcoin with his posts, but now we know there are even two who think they can. Maybe someone should tag you as a member who intentionally spreads FUD and engages in classic signature spam?

xSkylarx

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I am just amazed, not worried, as to how they were able to recover if it was lost over that span of years, their bitcoin, and also what the story behind it was. For sure, anytime soon, they will sell it. Also, we ain't newbies anymore; we've already seen how Bitcoin dumps and how it comes back, so for sure, if they sell it, it will be just small bits of dump, and again, I am more worried about halving next year as I am expecting a lot with the price after it.

LogitechMouse

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Worried? I'm not even worried when Bitcoin went down from $69,000 to $17,000 in just a matter of months. Why should I get worried about it?

I spent minutes thinking of possible reasons why should I be worry about dormant accounts transferring their Bitcoins to other address, but can't think of any. I mean that's their advantage of trusting, investing, and holding Bitcoin for a very long time. Just imagine how many years of patiently waiting for the perfect time for them to sell it (if they are selling).

On the other side, there's no news if these dormant accounts that has been woken up really sold the Bitcoins that they're holding. Maybe they're just transferring it from one wallet to another, or maybe they just put it into an exchange in preparation for them selling it if the right time comes. Let them sell their Bitcoins. I guess 7000 BTC getting sold will not make that much difference in terms of the price of Bitcoin right?

blue Snow

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I see you guys are still strong to hold your asset even with FUD in everywhere, I hope it suits your conscience post.

Quote from: Lucius on April 25, 2023, 09:36:10 AM

Quote from: blue Snow on April 25, 2023, 04:22:00 AM

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

Why this thread then? Are you trying to get merits or fill a sig campaign quota?

Both are yes, and I'm not hypocritical about that (merit and quota), because I human..

And 1 more reason is maybe my post can be affected the bitcoin price, maybe my post can make FUD people here to sell their bitcoin in exchange because my bid is still there.

Quote from: apogio on April 25, 2023, 11:41:56 AM

What does "someone managed to generate private keys mean"? Tongue

They move from wallet to wallet, (not from wallet to exchange)

dothebeats

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I'm not worrying one bit. One way or another those coins need to be freed up - that is if they still have access to those after all these years. Those coins need to be in circulation to support bitcoin's growth, and there's really no other way of doing that but to sell them in the open market and let other people buy it. I'm sure it caused some panic because people believe that the price will crash from there, but the truth is, these crashes are necessary to place bitcoin's valuation where it should be. It will correct itself, then let the coins be spread around, and eventually it will help in pushing the prices even higher.

Woodie

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Worried you ask, I don't think so!

If these guys really wanted to sell, they would have done so when it was at its all time high and chances to sell at over 30k have always been there...

For all I know, this could simply be one of those transactions Roll Eyes

or maybe our whale is trying to acquire a new acquisition maybe a lambo or nice mansion who knows...

maybe a lost wallet was finally retrieved after years of searching Tongue

Myleschetty

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The Bitcoin dormant wallet that just woke up is definitely one of the airgap wallets locked away and planned to open after some certain years and I don't know the reason why some people panic about it when the only worse thing that will happen in the market if the BTC in the wallet is sold is dump price that won't last long since the block halving is around the corner.

bettercrypto

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First of all, we don't care if he sells the bitcoin that this person has. Second, I wonder what the reason is that you are afraid? Are you worried that bitcoin might dump value?

Because if you're afraid that bitcoin's value will drop a lot, I don't think you should. Because you mentioned that the value of bitcoin often fluctuates in the market, and that is because of the volatility that we also know. But for me, I don't see any reason to worry about that in the picture you showed.

TimeTeller

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Quote from: DaveF on April 25, 2023, 04:41:05 PM

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

That is true, it doesn't say much where those bitcoins are going to.
Just pure speculation and creating fud in the market, nothing solid out of it.
I don't think the owner will dump such amount of btc all at once.
Even if they will sell it in the market, it may create fud in the market only at a short time period.
The amount is not very significant to change the entire performance of the market.

DaveF

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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

Kgdktac

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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.

thecodebear

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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!

Mpamaegbu

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Quote from: blue Snow on April 25, 2023, 04:22:00 AM

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.

Oasisman

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Quote from: blue Snow on April 25, 2023, 04:22:00 AM

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.

el kaka22

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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.

franky1

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Quote from: stompix on April 25, 2023, 01:34:45 PM

Quote from: franky1 on April 25, 2023, 01:01:38 PM

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

____________
   |
   |
   |

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

stompix

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Quote from: franky1 on April 25, 2023, 01:01:38 PM

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).

livingfree

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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.

serveria.com

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Quote from: blue Snow on April 25, 2023, 04:22:00 AM

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?

franky1

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Quote from: stompix on April 25, 2023, 12:18:49 PM

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

panganib999

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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.

Obito

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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.

jrrsparkles

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Quote from: blue Snow on April 25, 2023, 04:22:00 AM

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?.

Nothing to be worried because even 33K and 35K transaction a year back or two didn't even affect the price of Bitcoin for days so the total 7K is nothing compared to the daily trading volume of Bitcoin happening all the exchange.

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.

zeroknowledgeproofs

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Quote from: Z390 on April 25, 2023, 12:11:06 PM

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.

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.

stompix

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Quote from: DooMAD on April 25, 2023, 08:22:49 AM

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.

Z390

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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.

Frankolala

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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.

apogio

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Quote from: Rikafip on April 25, 2023, 10:15:35 AM

Quote from: blue Snow on April 25, 2023, 04:22:00 AM

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"? Tongue

Rikafip

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Quote from: blue Snow on April 25, 2023, 04:22:00 AM

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.

btc_angela

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Don't know, maybe we have to look back as far as 2017 to see that there are a lot of wallets that is dormant then suddenly woke up and moving their coins around. So not sure what is the difference of wallets that has been moved in the last couple of days.

And that is the thing with this twitter account that monitors dormant addresses, nothing is wrong with them. Except for the fact that when someone interprets it as something that is bad. On the other hand, we should be glad to see that millions amount of bitcoin has moved with what? less than 5 dollars and because you have total control of your money as compare to banks wherein when you move that huge amount, it might take days and banks charging you with more fees.

BD Crypto

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Not only these wallets but also there are a lot of big whales who are holding Bitcoin in a large number and they know that Bitcoin will again touch new ATH. So there is nothing to worry and we should welcome those users who backed to us with their dormant addresses. If they sell a little bit then many are here in crypto market to grab Bitcoin in a low price. So practically it's a good sign for Bitcoin and the holders. Hope they will keep holding and don't sell it in this bear market.

Similificator

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Kinda scary, yes. But not to an extent that would make any sane person get rid of his holdings. Besides, there can be many reasons as to why these investors are moving their Bitcoins only now after all this time like going for a more secured storage, dividing their coins on different wallets, getting prepared early for the upcoming halving, etc., etc. And even if one of the reasons is selling, it would be their loss in the long run. That is, if you aren't a trader that overleverages. Also, thinking about these hoarded Bitcoins being able to get circulated again is actually a great thing for Bitcoin.

Lucius

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Quote from: blue Snow on April 25, 2023, 04:22:00 AM

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

Why this thread then? Are you trying to get merits or fill a sig campaign quota?

Quote from: blue Snow on April 25, 2023, 04:22:00 AM

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?.

Who says they sell at all? If I decide for some reason to move my BTC from about ten years ago to a new address, does that mean I want to sell them? Even if the coins in question end up on some CEX, it does not mean that they will be sold, and even if they are sold, do you even know what a few thousand BTC means in the total daily volume?

Jawhead999

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Maybe that's address is controlled by one of WO gang in this forum and he's currently laugh after read this thread Cheesy

There's no proof if the owner behind the dormant address is send it to exchange, it's possible if the owner just send to other wallet. But assuming if the owner sold his coins, the situation might be similar like something happen in his life and he really need to use huge amount money, so he has no choice except sold his coins.

DooMAD

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Leave no FUD unchallenged

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.

If it were your money, would you appreciate it if random people on a forum were commenting and speculating about it? Provided there's no ties to a hack/theft/scam/etc, then there's absolutely no reason for anyone to be keeping tabs on these funds. Leave them be.

LFC_Bitcoin

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Sometimes whales have been known to do this to spook the market. They then short bitcoin hard.

I’m not remotely worried, it could be any number of other random things like people moving bitcoin out of old paper wallets and into cold storage. It could be the Fed selling Silk Road coins, I know they have been talking about that recently. It could be people getting out of jail maybe and now selling. Could be MtGox coins being sorted. It’s nothing to worry about.

franky1

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if someone sells 1000coins.. well good.. yes it can cause some temporary price drama.. but the beter part is the long term view. those coins no longer have a realised value of $4-$15 each but $27k each where the new buyer wont want to sell for less than $27k thus those coin are no longer in a pot of participants wanting to sell down the market

yep selling is good as it re adjusts coins realised value to new higher amounts. meaning less people with coins worth single digits.
.. and ironically to say, after all i too have coins from 2012 era but im not selling yet nor ever want to sell too low.. but i do appreciate when other do sell. because thats less other people willing so sell cheap meaning it lessens the chances of willing participants enmasse wanting to sell down to single digits thus less pressure to lower the price to ever go down too low

pawel7777

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Quote from: Nwada001 on April 25, 2023, 04:23:18 AM

Those holders all waking up at the same time, in this bearish market, since they are not actually moving all their crypto to an exchange account i don't think their is anything we should worry about.

This, if they held through the ath of nearly $70k, it's not very likely they'll be selling at sub $30k. Even if they were to do it, they'd probably do it slowly, to get the best value out of it.
Of course, it's also possible that those bitcoins will end up on an exchange, but in the worst case scenario, it could only cause some dent in the price, but won't have any significant long-term impact.

The only implication is that some of the analysts would have to re-consider how the bitcoin free float is calculated (bitcoins that are available for trade), maybe excluding coins that have been sitting idle for a few years is not the best approach.

MainIbem

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You don't need to be worried about the transfer, I think they invested at due time and feeling to sell their investment after long awaiting period. Just as we do say over here about choosing investment plans, from the images above I can see they are all long term investment and not short term; That is even enough for one to sell but maybe they couldn't have patient of waiting any longer or they have this feelings of change their storage to other well secured wallet.
You need not to be threaten over the sudden move. However, transferring bitcoin from one wallet to another wallet isn't prohibited.

BeManga

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Quote from: blue Snow on April 25, 2023, 04:22:00 AM

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?.

IMHO there is nothing to be scared of , Bitcoin already have good foundation not only thru online even thought they start selling some user will be happy to buy it

SquirrelJulietGarden

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Quote from: blue Snow on April 25, 2023, 04:22:00 AM

See the total photo for total value of 1,000 BTC that is about $27,500,000.

Quote from: BIT-BENDER on April 25, 2023, 05:16:47 AM

In terms of if it would affect the market, it would to a degree but it won’t be something to worry about, there are lots of accounts like that, that’s how popular bitcoin is.

It won't affect Bitcoin on the market. Because if total trading volume in the last 24 hours is $15,759,266,859 which is considerably bigger than value of 1,000 BTC from that address.

Is selling pressure of 1,000 BTC from old era (12 years ago) is bigger than selling pressure of 1,000 BTC in 2020 or 2023? They are the same amount of BTC and the same in value. Only mentally weak people think that it might create some big impacts on the market.

dragonvslinux

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Quote from: blue Snow on April 25, 2023, 04:22:00 AM

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?

For reference sake, there was a larger dormant address that woke up near the lows at $16K, also to presumably dump Bitcoin. It's not uncommon to see this sort of activity in bear markets.

Maybe it's not common knowledge here, but dormant addresses waking up to dump coins near the lows is also relatively common, for example the 2018 bear market lows with 5-7 year old addresses.

Quote from: blue Snow on April 25, 2023, 04:22:00 AM

why are they selling it now, and not on ATH acouple years ago?.

If you consider that this whale bought 1K Bitcoin for $7 back in May 2011 for $7K, then they are still up 400,000% with it being worth $27.5m Wink

Sure it was worth over $60m at ATH, but $27.5m is still a lot of money from a $7K investment, so I wouldn't say they are missing out on major gains here. 600 BTC was otherwise left in the wallet, so seems like someone wanted to cash out 40% after such incredible gains. Probably they thought they might as well retire with $10m if I had to guess, but also keep the majority of their holdings.

Eternad

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Quote from: Nwada001 on April 25, 2023, 04:23:18 AM

https://bitcointalksearch.org/topic/m.62130052
We have a similar things discussed on the above threads, Those holders all waking up at the same time, in this bearish market, since they are not actually moving all their crypto to an exchange account i don't think their is anything we should worry about.

It’s normal that they will not send their balance on exchange directly because they knew how big their recovered Bitcoin.This user will obviously use mixers to maintain their privacy before they will send their token on exchange. I’m sure the owner of this wallet know the existence of whale alert bot and everyone is watching on their wallet movement.

I will do the same if I will be an owner of this kind of huge BTC to stop the public eyes that looking on my asset. But this kind of transfer is nothing to be worried and we all know that there’s only wallet that can cause havoc in crypto once become active again and that is Satoshi. Cheesy

michellee

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I'm not too worried about it and am still calm. The owner wants to wait for the next bull run to ensure his bitcoins are ready to take huge profits.

Why should we care about a wallet containing a large number of bitcoins? I think the owner also doesn't want to sell it at a low price, let alone dump it because it won't make him get a big profit even though, at the current price, it's still a big profit.

We don't need to think about wallet owners with many bitcoins because that's none of our business. We have to pay attention to how we can also have a lot of bitcoins.

BIT-BENDER

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I am not scared at all about the development, they are smart investors, had those amount of bitcoin and probably saved it up somewhere safe, and then are okay with the profit they have made so far.

You can just assume they wait for another all time high, they have been saving those bitcoin for year and high chances they have seen several all time high and even lows, in summary they have all made good profits from their investments and are ready to reactive those wallet.

In terms of if it would affect the market, it would to a degree but it won’t be something to worry about, there are lots of accounts like that, that’s how popular bitcoin is.

_act_

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Quote from: blue Snow on April 25, 2023, 04:22:00 AM

why are they selling it now, and not on ATH acouple years ago?.

Only the whales can know why they are selling now.

But we do not need to be afraid of anything because even if some whales sell, a time is coming that many people will buy and the price will rise again.

When bitcoin is not yet maturn up to this, bitcoin still continue to increase.

LoyceMobile

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What are you afraid of? A coordinated large sale from the Bitcoin whale club after holding for 12 years? That doesn't seem very likely to me.

Nwada001

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https://bitcointalksearch.org/topic/m.62130052
We have a similar things discussed on the above threads, Those holders all waking up at the same time, in this bearish market, since they are not actually moving all their crypto to an exchange account i don't think their is anything we should worry about.

blue Snow

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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?.

Topic: The Dormant Address have been woke up, Are you worry? (Read 430 times)