Some times I read articles that write about very old bitcoins like come from 2010, 2011 years. They woke up and were moved in on chain transactions in 2023.
I read some discussions that those old bitcoin movements can create fear on the market. People think those old bitcoins can be dumped on the market and will cause a price fall.
I don't think those old bitcoins are enough to dump the market. Those coins and movements only cause uncertainty and affect people with weak mentality.
Please share your opinion.
Not sure if it will create fear to everyone, at least for those who have been here for a long time, there are many reasons why the coins suddenly move,
a. maybe the owners wanted it to be more secure and so they move to a new address
b. they might have intentions to sell - and this could be where the fear monger wanted to bring out.
c. or it has been hack or that old address private key or mnemonic phrase has been cracked.
But I don't that those old coins will suddenly dump into the market, they can even do OTC sell if they want to not create panic.