How it can affect us ?
1) Price might be affected if these accounts starts trading
2) Since some Investors are moving from Gold to Bitcoins this might mean start of a golden era for cryptocurrencies
1- If they own the dormant addresses with a huge amount of btc, the price will get a heavy drop for sure.
No, they own an account in a trading platform. They are the old Japanese traders who has no activity for quite a long time. I don't think they'll store Btc on their account.
As per article, creating new accounts may require the KYC, so these traders are using their old accounts as It might have undergone the verification process and may proceed to trading without limits.
Though, I'm not sure what would be the intention of these old traders, whether they dumping their Btc or trading again in crypto. Nevertheless, it will affect the price in both ways.
Agree to that, those old accounts are being verified and by means this old traders are using their old
accounts in order to participate again and do the trade.
Most of those dormant accounts which being waked up are a good sign in terms of activities, old japs
are supporters who understand this technology
With them again in action, it can affect both ways, they can continue monitoring the price and allow
this pumped to move forwardly,
Or they can also completely dumped their assets as they are mentioning that they will not touch their
assets if they'll not see range after$10k.
It's us to see what will be the implication after the accounts are wake up and what will be the price action
after.
