Bitcoin mined in 2010 worth $ 11M since 2010 has just moved.

[zasad@]

https://www.linkedin.com/posts/kretovk_bitcoin-cryptocurrency-btc-activity-6720948226792411136-DE4T/

" Another 20 bitcoin wallets mined in 2010 has awakened, transferring a total of 1000BTC to 35DRQxCBMBe3Erbcue791t89JVB2VwsJi4"

https://www.linkedin.com/posts/kretovk_i-made-some-analysis-of-two-major-awakenings-activity-6721090915710062592-eiiz
"
1. First transaction took place on March 11. The new one took place on October 11. Eleventh date.

2. 1000 bitcoins were transferred.

3. Bitcoins from those wallets has been collected on a P2SH address:
3CU4AYJH23ePNnKsycinP5TSogCNGsyqCc Vs 35DRQxCBMBe3Erbcue791t89JVB2VwsJi4

4. Followed by a split between multiple BECH32 addresses.

5. Both times there was a wallet receiving 200BTC:
1MPbs4TYnHMbfAKqGmW6CVeoJGX44cMiDG vs 1NMtiuhhgtbSUCHVbAx3K6QXsYKTsr8nGj
"

[TokenBot_]

Why is this significant?

[Yogee]

Why is this significant?

Other than feeding their curiosity and invading other bitcoiner's privacy, maybe the people who are monitoring BTC movement from "ancient" wallets like that, whale wallets, or hacker's wallet, fear of big dumping on exchanges. The 1,000 BTC may not be that significant but I'm quite sure the market will have a reaction if the coins mined by Satoshi Nakamoto [NOT CSW], or other wallets with huge BTC holdings, would suddenly move.

[jseverson]

Why is this significant?

What, you mean you don't like watching whales do whale things? Lol.

In all seriousness though, people make stories out of these, and could potentially affect the market depending on the amounts involved. People may hold off on buying or sell early when they anticipate a large amount being dropped, for example. That's probably not as relevant these days considering how much money it takes to move the market, but that can probably be attributed to old habits dying hard.

[crwth]

Why is this significant?

It may not move the market that much to make a significant impact on the price, but it undoubtedly considerable knowing that at any moment, they could just be moving these volumes and create a larger one with one swing. Unless the exchanges are also monitoring what they have on members, specifically whales, then we have nothing to worry about.

It's probably a very early adopter moving his stack of BTC somewhere and cashing out. That amount of BTC is a lot for sure.

[joniboini]

Even if they do want to sell, I doubt they'd do that on open market. They'll probably dump it on OTC and avoid complex KYC and stuff like that to sell his $11M asset. I'm pretty sure most of them knows that they can loss a lot of profits if they dump 1000 BTC into the open market directly.

[mk4]

Why is this significant?

It may or may not be significant, it just depends on how you're going to analyze the fact that a lot of bitcoin from old wallets have been moved. Maybe the coins were just moved to a new wallet? A hardware wallet perhaps? Maybe the coins will be dumped into the markets? Maybe the coins have already been sold to another person/entity? Completely up to you.

Hopefuly this news is not enough to cause another fud wave

Screw it. Let the FUD wave come. More opportunities for cheaper bitcoin.

[CryptopreneurBrainboss]

So obviously, 'what's the significant' questions has already been answered, but just to add some thoughts, news like this usually cause a major dump on the market as traders with anticipation of a dump try to secure their profit. This isn't a guarantee though as the reaction of the market is unpredictable.

Currently it seems nobody cares as the market is still trading as usual without any dump although I won't be surprised if it does dump, most especially as traders would want to secure their profit especially after a fruitful last week trade of bitcoin mooning to $11.400k trading zone from $10.7k due to the Square $50 millions worth purchase of bitcoin news.

Old wallet that haven't moved their coins in quite a number of years are consider holders so it does matter when these coins are moved. The industry revolves around news, they can either make or break the market and obviously whales make use of this golden opportunity to manipulate the market to their will.

[btc_angela]

Actually there's another old address that move:



https://www.blockchain.com/btc/address/16RVP9rA26A3pShNauhaY7CCVXSmW6q8VH

it says that the bitcoin went to two foundation as donation:

(a) https://www.fsf.org/ - Free Software Foundation
(b) https://www.aier.org/ - American Institute for Economic Research

https://www.reddit.com/r/CryptoCurrency/comments/j9b78u/2_donations_of_10btc_each_were_made_from_a_block/

[Wind_FURY]

Hopefuly this news is not enough to cause another fud wave

Screw it. Let the FUD wave come. More opportunities for cheaper bitcoin.

Many posters in the forum didn't have this kind of sentiment when Bitcoin crashed to $4,000 to $5,000 earlier this year. It's very good to see more and more of us finally learning/getting the big picture.

[TheHoliestRoger]

Just letting you know that we follow these movements and chart them live:
https://twitter.com/RogerConsortium/status/1315171146866855937

[(o)(o)ilikeboobs(o)(o)]

I don't think they matter because people often forget their bitcoins for a long time and one fine day their owners find their old wallet and send money. That wallet's $ 11 million worth of Bitcoin isn't as much as the wallet Satoshi Nakamoto mined. He has mined over 2 million bitcoins and if he moves them out of that wallet then that's worth considering.
Currently, the chart of bitcoin shows that the market is trending up and not many people are interested in the $ 11 million of an old wallet on the move.

[Haunebu]

This is a regular occurrence in the cryptocurrency market which is why I truly feel that there isn't anything important behind this point though others might interpret it in a different manner.

Early adopters just like other investors move their coins now and then for various reasons of their own. Instead of focusing on such irrelevant stuff, we need to focus on more relevant news such as hacks, blockchain upgrades etc.

[kryptqnick]

That's pretty interesting to me because it seems that such stories did not happen in previous years. So people were hodling, doing nothing. And now, they are starting to use their BTC. It's good to know that people still have access to those wallets. It might also be a good thing because more bitcoins are now in movement rather than in a coma. It might lead to a FUD wave, though, especially if some of those rich addresses are actually selling BTC in big chunks because they've waited for it to go to the moon for 10 years, but now they've lost hope to see Bitcoin worth even $20k again.

[Kunotcoin]

Sound Interesting, just imagine 10 years of holding is not a joke maybe the owner is already rich..who knows..

[Coroline]

Many posters in the forum didn't have this kind of sentiment when Bitcoin crashed to $4,000 to $5,000 earlier this year. It's very good to see more and more of us finally learning/getting the big picture.

Yes, we all need someone like him who can motivate us to stay calm in holding on to Bitcoin. Panic is the first bad thing that has the potential for failure of any investment or business. Making decisions based only on emotions, of course, will make everyone endanger themselves.
We think of a decline in price as a discount to buy again, it is a good idea to keep our brains calm in managing our portfolio

[yazher]

Sound Interesting, just imagine 10 years of holding is not a joke maybe the owner is already rich..who knows..

Yeah! that's another record of holding for so long but how they will gonna sell this BTC? or are they planning to hold it even longer?

The answer is not really confirmed, because those guys have learned the art of anonymity in doing transactions. I'm sure they will gonna dispose their BTC in a slow but surely way of selling it in the crypto market. They will sold it to multiple exchanges.

[Darker45]

Whales are constantly transferring crypto from one account to another. Someone invests in crypto and takes the money back after a while. Nothing surprising.

Except that this is not your typical whale. The only thing that makes the owner a sort of a whale is that he/she owns a thousand BTC. That is a huge amount. Other than that, he is not one who tries to accumulate a large amount and then use the same to somehow move the price and makes money. He did not even buy it.

The surprising thing here is that the Bitcoin is dormant for a decade or so and it has finally moved. That could mean a lot of things. No biggie to some but it also somehow triggers the alarm to others because that could mean dumping and therefore falling of the price. As you know, this could be a basis for a trader's call.

[slaman29]

I think these guys could be just moving for extra security (to new wallets) or just in case old ones were compromised. I know I do that every now and then too, not just to refresh but to just simply get new wallets in case old devices are compromised. You can never be too sure with 50 BTC phew! We can only dream of this:)