Bitcoin Forum

A veteran bitcoin wallet with hundreds of BTC is suddenly activated after 9 years. The intention is still not clear and not sure how it will affect the upcoming price!

Source: https://www.msn.com/en-gb/money/technology/bitcoin-wallet-from-the-satoshi-nakamoto-era-suddenly-activates-after-9-years/ar-AAOGFxO?ocid=mailsignout&li=BBoPWjQ (https://www.msn.com/en-gb/money/technology/bitcoin-wallet-from-the-satoshi-nakamoto-era-suddenly-activates-after-9-years/ar-AAOGFxO?ocid=mailsignout&li=BBoPWjQ)

This isn't really that much though. 616 BTC or nearly 30 million is pretty much a drop in the ocean in today's crypto sphere of billions of TVL and trading volumes.

Let us talk about it when its atleast a few 100 million or a billion. The only exciting thing about is that the owner decided to move the funds. It will be very interesting to follow through to what an OG decides to do in these very changed times compared to when the bitcoin were first acquired. Would he lock them into some lending platform, going to buy some million dollar NFTs or just plain deciding to cash out and retire.

I doubt it'll be possible to trace or identify where the funds end up but that would tell anybody a lot about what is going to be the next big thing in crypto.

God damn why couldn't I have been around during those days or even have just heard about bitcoin a year or two earlier.  You always have to wonder though when things like this happen what is exactly going on and who is behind it.  More than likely it is someone's wallet who is already extremely wealthy and didn't care to do anything with the coins or it is someone who lost the coins and just found them...either way, luck mofo's.

How did you know that the transaction being made is from Satoshi Nakamoto?

I tried to check the transaction and get the address I couldn't find it here on the forum no one seems to know this address.

So how are you sure that it was Satoshi who made the transaction?

@btcwish1
I have to disagree with the headline of that article and the one on the subject field ^{[Satoshi era]}.
^{- Satoshi's last forum activity was at the "end of 2010 (https://bitcointalk.org/index.php?action=profile;u=3)" while the owner of that address acquired those BTCitcoins at the "end of 2012 (https://www.blockchain.com/btc/tx/04763621f0647b2c286252537bdb8a0ccbb03959efb9b69c09554d6026cc88e7)".}

Despite moving it to a new address ^{[after two transactions (https://www.blockchain.com/btc/address/1AR1Zk6yHwsunnPf8W8Ha8h8jYhL9ahR2p)]}, it doesn't look like he/she wants to sell those ^{[at least for now]}!

The only interesting thing about this is that the owner most likely has diamond hands. And he/she is worth emulating. That's my assumption because he/she hasn't touched his/her Bitcoin for almost a decade, at least his/her Bitcoin in a particular wallet. Other than this, no big deal.

That amount is only 616 BTC. It surely won't shake the price much. Bitcoin has tens of billions in daily volume. El Salvador alone acquired 700 BTC in a matter of days.

If you follow Whale Alert on Twitter, you will see that it is rather common for hundreds of BTC to move from one wallet to another. As a matter of fact, just 55 minutes ago:

https://i.imgur.com/snrLEWQ.png
https://twitter.com/whale_alert/status/1440655381668106250

The article says "Satoshi Nakamoto era" because the coins in the wallet are apparently 9 years old(you know, the early days); not necessarily that the coins are Satoshi's.

Clasic fund news. Who cares? By the way ... "activates after 9 years" ... means it was last active around 2012? Satoshi disapeared in 2010. 2 years before. Satoshi last post on bitcointalk was on: December 12, 2010, 06:22:33 PM. So they are not Satoshi era coins. Satoshi era coins are coins 11-12 year old.

"not sure how it will affect the upcoming price!" - 600 BTC is nothing. It will not move price in any direction.

Not even 10 times as much would mean anything when it comes to price. But if, say, those 600 BTC ended up in the hands of someone famous like Bezos or Gates, it would already mean that a massive FOMO train would start. Saylor regularly buys BTC in the thousands (5050 BTC 10 days ago) and almost no one considers it anything positive anymore.

I am sure the owner of this wallet is delighted on how his decision to move his Bitcoin has landed on the news...and how he remains to be anonymous until now despite some good people searching and researching the web for some possible association. How his Bitcoin would end up...whether they would be sold to an exchange can be exciting to follow and watch. I am hoping he can also be a member of this forum so he can read this thread dedicated to him (am assuming that he is male though there is no stopping the possibility the the owner can be a she).

IMHO, I believe it's not that big to cause a dump, in Bitcoin price, the market can handle it, for sure, Anyway, if those dormant wallets were suddenly activated by now it means the owner is still alive and kicking Imagine those Bitcoins was sleeping in the old wallets for nine years that's long enough for me I believe the owner of that Bitcoin is rich.

Lol, no one knows if this is Satoshi's wallet or not. It could have been a early bag holders who just decided to touch his coins for the first time. Or someone who forget all about it, find his private key.

In any case, if this is just hundred of bitcoin, it wouldn't put a dent on the market right now. We are already huge, trillions worth and billions of transactions. But if you look at the price right now, we have rebounded again to $43k, so if there is an effect, it's a positive one.

It's not about if it's satoshi or not, or if it will affect the price after those activity or not (it just a personal wallet transfer imo, not to an exchange), it just that the owner of this address is somewhat good at holding, so patient which people could learn from.

Also, it's a transfer of $26 millions that only cost a fee of cents, imagine if it's from a bank, it would cost hundred of $ or thousands for the fees.

if already stored, perhaps it cannot make an impact in the market because it's counted in my personal opinion.. And by the way what do you mean activated?. is that possible to happen wherien hard wallet can be deactivated? So it means that the bitcoin that is safe from the volatility and corrections in the market since its not actived? just asking because you know i don't have such knowledge about such things. Lol 

I mean this could be either a coincidence where someone has stumbled upon his long lost wallet in an old hardrive that he forgot about, or it could also somehow related to satoshi himself and these are some funds that he had hidden away, and now was the time for him to use it, but we can't really tell for sure and with this amount related to one individual i am pretty sure that they will be under the radar.

At first glance I missunderstood thread title too. I thought that Bitcoins from Satoshi wallet moved, but it's just a wallet from Satoshi era, it doesn't means that Satoshi owned it.
And as @Tytanowy Janusz pointed out, title is misleading. Satoshi disappeared back in 2010, while last activity on this wallet was in 2012. So, definitely not Satoshi era.
And 616 BTC is a lot of money, but picture of whole market, it's not something significant.

Not necessarily. Many banks have fixed fees, irrelevant whether you send $10 or $26 millions. But I imagine how many AML papers you would have to fill to move so much money :D.

There is no reason to think that this wallet may belong to Satoshi Nakamoto.

What is one of the main reasons Satoshi Nakamoto Bitcoin Wallet is activated after 9 years. Many have said that Satoshi Nakamoto is not alive, but who or what activated his account. What to do to activate his account There will be no bad impact on the bitcoin market?

26M $ is not a significant amount of bitcoin to drop the btc price. Some big companies/countries bought hundreds of btc in one day without dropping the price. I think it's a personal transfer and has nothing related to Satoshi or his era according to the transaction history of that old address. The topic title is misleading.

It is not the first time when old wallet is activates, however, every time when this happens smb in mass media says: “Oh, it is Satoshi!”. Come on! Only 616 BTC! Sure, its huge amount for such an ordinary person like me, but not for whales.
Here ( https://bitinfocharts.com/top-100-dormant_9y-bitcoin-addresses.html ) you can see the Dormant Bitcoin wallets with really HUGE amounts of BTC. Probably once will be activated the wallet with 79 957 BTC (inactive 9 years). But again, that won’t mean that this is Satoshi’s wallet.

Facts. But really, a lot of people are dumb— those people who will immediately dump when a bad news comes. All they know is that "an old wallet that might be Satoshi" is dumping bitcoin; ignoring the fact that the amount is freakishly low to actually move the markets.

That was a long period of hibernation. I say welcome back.

No worries at all if an old Bitcoin wallet suddenly wakes up. It is good, rather than having that Bitcoin wallet and the Bitcoin inside it continue to go dormant forever.

Let us not be worried that it will be dumped not only because it is not that big of an amount but because the owner might finally want to use it and he needs to convert it to fiat first. After all there are a lot of other people who wish to have them.

I won't waste my time reading the article but "Satoshi era" is 11-12 years ago not 9. In 2012 (9 years ago) there was already a sizable bitcoin market where bitcoin was not only being traded but many were also mining it.

The intention of every single bitcoin transaction is unclear and you can never find any correlation between moving coins on-chain and moving price on-exchanges.

Like pooya says, this is not Satoshi era wallets. A year passed since Satoshi left the forums when this wallet was last active. But still, it just goes to show how long people are willing to hodl and just how many super hodlers there are out there. Proof that people had belief then and still had belief now,,, everything in between is temporary.

IMO 616 BTC is a huge amount of money, and while I don't think it'll have direct impact on the price (only the indirect one if this news gets big and people start acting on it), it's worthy of a discussion. Namely, I bet these coins were considered lost forever, since they haven't been moved for 9 years. It was a reasonable assumption, but we can see now that people can just be extra patient about their coins and perform zero activity in a long time. I wonder how much BTC also belongs to people like this and isn't actually lost forever even though it's not circulating.

The title's misleading it's written to make us think Satoshi's back. How many clicked here because we thought a Satoshi owned wallet was active now we're disappointed?

We do always have those kind of regrets on where we do think that where we are on that particular time when bitcoin is just starting off.Im not really that surprised whenever old wallets do really make out some movement

because we know that there are really some hodlers who had strongly and waited up patiently for this market to increase or just simply they had remembered that they had something on their stash which did really

changed up their lives basing up on the amount that they had earned after a very long time.

To avoid further regrets in the future, why not act today and start thinking how to get a hold some of these satoshis or promising coins/tokens? We can't do anything about the past but we can still do much today to influence our future. We need to stop looking back and tell ourselves about what we should have done but look in your future and start strategizing how to take advantage of the current market.

Now this is really interesting. 9 years and still HODLing, wow.  :D  I don't think that there are so many people like this. This is an example of an incredible patience level. To be honest, I would already sell my all coins after seeing the price reaching a level over $60k. Because I would be already a very rich person. Why would I still keep my coins?

Not really. The headline was just intentionally made interesting to gain more readers, but it's technically correct. It's only misleading if you were automatically laser eyed with the "Satoshi Nakamoto" part and not read the whole headline. That, or if you're illiterate with the English language(which is fine).

Fair point, while in the shot term the market might be able to react the long-term potential would be diluted.

Also, like the OP suggested this may not be Satoshi's wallet, there is no evidence for this other than a timestamp. Satoshi's real wallet would probably have thousands of BTC not hundreds.

In any case, it would be interesting to track this whale and see how they act and if they intend to manipulate the market in any way.

I don't blame them because they believe that any wallet that holds a huge amount of Bitcoin belongs to Satoshi. However, it is completely wrong to believe something just because you were told. The OP must have read that it belongs to Satoshi and has already believed, hence even naming the topic based on his believe. Anyways, my only concern is that depending on how much the wallet holds and how far this news spreads, this can cause FUD and we'll even go deeper than we already are.

This has a lot of questions about what is the Satoshi Nakamoto Bitcoin Wallet activated after 9 years. Many say that Satoshi Nakamoto is no longer alive, but who or what activated his account. How to activate his account Will not have a bad impact on the bitcoin market?. We can all never speculate on the identity of the trader and I don't think it was Satoshi Nakamoto's wallet that was activated after 9 years.

One for owl time.

"Gowib gowid". Know it by the "noise" it makes when and if it wanna be noticed.

Satoshis old wallet on bass. You better make up for it. "Jazz fusion things".

XRP has lowered the fee on making a new wallet.

Edit. Half price. Done.

British accent. "Fucked". "Pub artist".

 ::)

You show you relate to time.

The participants who get up early are people who like innovation and challenges. I think such people will succeed. Finding this wallet may just be icing on the cake for his life. Best wishes to him.

It's intentionally misleading and that's why it's worked because people showed interest  :D

take a profit a little bit  :D but after i checked it just moved to other new address with same format i dont know why some old user usually move from old format to SeGwit but this is different

and new address seems not moving maybe just move the balance for better security

or someone find a private key of thoose bitcoin and gonna hodl till bitcoin reach 100K  ;D

What is one of the main reasons why Satoshi Nakamoto Bitcoin Wallet is activated after 9 years. To this day, the true identity of Satoshi Nakamoto remains a mystery. I mean this could be a coincidence that someone happened to find his long lost wallet in an old hard drive he forgot, or it could also be related to satoshi himself and this is some money he has hidden, and now is the time for him to use it, but we can't really say for sure and to what amount this is related to an individual. core. So does it mean that bitcoin is safe from volatility and correction in the market since it hasn't been activated yet?

This will definitely affect the price of Bitcoin in the upcoming market, which could either be an uptrend or a down trend effect.
If this is true according to the link from the website, that Satoshi is the owner of the Bitcoins, then, I am rest assured that he will want to make a judicious use of that strent at hand, which he has kept that way over the years not to suddenly manipulate the price by making it a bubble, nor to kill the price, making it worthless. For him to create such technology, and entrusted it into someone's hands and stayed in the shadow over the years without trace, he deserves respect. Something new is yet to happen. Fingers crossed, eyes watching.

A personal preference because some holders would really consider out on moving their coins once in a while for added security and some people do only prefer on using one wallet.

There are still lots of hodlers out there on Satoshi nakamoto era who had been keeping a hold of their coins even upto this moment and the rest are totally lost in the void.

Good to see that they do able to held up their coins despite of the drastic changes of its price where going from nothing to high peaks.

^ This is not proven that it has come from Satoshi, probably just a simple holder that has a patient to hold his BTC for a long time.
I can't imagine people pointing out that it is Satoshi which is can lead to FUD and wrong information. However, if this huge BTC will sell on the market for the purpose of getting profit we should be alarmed about the possible impact, it could have an effect on the BTC price, it will surely have a short correction of the price. That is huge money and probably the owner of that wallet is very rich or probably has a problem when it will sell at once.

What is one of the main reasons why Satoshi Nakamoto Bitcoin Wallet is activated after 9 years. To this day, the true identity of Satoshi Nakamoto remains a mystery. I mean this could be a coincidence that someone happened to find his long lost wallet in an old hard drive he forgot, or it could also be related to Satoshi himself and this is some money he has hidden, and now is the time for him to use it, but we can't really say for sure and to what amount this is related to an individual. core. So does it mean that bitcoin is safe from volatility and correction in the market since it hasn't been activated yet?