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letteredhub
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August 22, 2024, 06:14:38 PM
 #21

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.
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August 22, 2024, 06:29:12 PM
 #22

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.

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August 22, 2024, 06:48:01 PM
 #23

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.

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August 23, 2024, 12:01:00 PM
 #24

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?

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August 23, 2024, 01:46:56 PM
 #25

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.

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August 23, 2024, 05:46:23 PM
 #26

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.

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August 29, 2024, 02:50:39 AM
 #27

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.

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August 29, 2024, 02:23:10 PM
 #28

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.
Start learning all about Bitcoin to increase your knowledge. After you register here, take the time to read important topics about Bitcoin to increase your understanding with something related to Bitcoin.

 
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