The Dormant Address have been woke up, Are you worry?

[TimeTeller]

I know a few people sitting on a few large blocks of crypto that have been dormant for well over 10 years. If you had a lot back in the day and then broke it up into large blocks of coins (say 1000+) and then over the years moved them to spend it's really not that big a deal.

If you do a search, you can see topics similar to this coning up again and again every few months / years.
Unless people come out and tell us, and they probably won't. It's just people posting things to get clicks and or views. But, it's all 100% meaningless.

-Dave

That is true, it doesn't say much where those bitcoins are going to.
Just pure speculation and creating fud in the market, nothing solid out of it.
I don't think the owner will dump such amount of btc all at once.
Even if they will sell it in the market, it may create fud in the market only at a short time period.
The amount is not very significant to change the entire performance of the market.

[bettercrypto]

First of all, we don't care if he sells the bitcoin that this person has. Second, I wonder what the reason is that you are afraid? Are you worried that bitcoin might dump value?

        Because if you're afraid that bitcoin's value will drop a lot, I don't think you should. Because you mentioned that the value of bitcoin often fluctuates in the market, and that is because of the volatility that we also know. But for me, I don't see any reason to worry about that in the picture you showed.

[Myleschetty]

The Bitcoin dormant wallet that just woke up is definitely one of the airgap wallets locked away and planned to open after some certain years and I don't know the reason why some people panic about it when the only worse thing that will happen in the market if the BTC in the wallet is sold is dump price that won't last long since the block halving is around the corner.

[Woodie]

Worried you ask, I don't think so!

If these guys really wanted to sell, they would have done so when it was at its all time high and chances to sell at over 30k have always been there...

For all I know, this could simply be one of those transactions   or maybe our whale is trying to acquire a new acquisition maybe a lambo or nice mansion who knows...

maybe a lost wallet was finally retrieved after years of searching

[dothebeats]

I'm not worrying one bit. One way or another those coins need to be freed up - that is if they still have access to those after all these years. Those coins need to be in circulation to support bitcoin's growth, and there's really no other way of doing that but to sell them in the open market and let other people buy it. I'm sure it caused some panic because people believe that the price will crash from there, but the truth is, these crashes are necessary to place bitcoin's valuation where it should be. It will correct itself, then let the coins be spread around, and eventually it will help in pushing the prices even higher.

[blue Snow]

I see you guys are still strong to hold your asset even with FUD in everywhere, I hope it suits your conscience post.

I actually don't care about this because for me btc price will always fluctuate for various reasons. But when I look at this, maybe a bit worried

Why this thread then? Are you trying to get merits or fill a sig campaign quota?

Both are yes, and I'm not hypocritical about that (merit and quota), because I human..

And 1 more reason is maybe my post can be affected the bitcoin price, maybe my post can make FUD people here to sell their bitcoin in exchange because my bid is still there.

What does "someone managed to generate private keys mean"? 

They move from wallet to wallet, (not from wallet to exchange)

[LogitechMouse]

Worried? I'm not even worried when Bitcoin went down from $69,000 to $17,000 in just a matter of months. Why should I get worried about it?

I spent minutes thinking of possible reasons why should I be worry about dormant accounts transferring their Bitcoins to other address, but can't think of any. I mean that's their advantage of trusting, investing, and holding Bitcoin for a very long time. Just imagine how many years of patiently waiting for the perfect time for them to sell it (if they are selling).

On the other side, there's no news if these dormant accounts that has been woken up really sold the Bitcoins that they're holding. Maybe they're just transferring it from one wallet to another, or maybe they just put it into an exchange in preparation for them selling it if the right time comes. Let them sell their Bitcoins. I guess 7000 BTC getting sold will not make that much difference in terms of the price of Bitcoin right?

[xSkylarx]

I am just amazed, not worried, as to how they were able to recover if it was lost over that span of years, their bitcoin, and also what the story behind it was. For sure, anytime soon, they will sell it. Also,  we ain't newbies anymore; we've already seen how Bitcoin dumps and how it comes back, so for sure, if they sell it, it will be just small bits of dump, and again, I am more worried about halving next year as I am expecting a lot with the price after it.

[Lucius]

Both are yes, and I'm not hypocritical about that (merit and quota), because I human..

It's human nature to do such things, but if it's for your comfort, most of the forum members think like you - otherwise, someone would have reported your thread as a "low value topic" and this discussion would most likely not even exist.

And 1 more reason is maybe my post can be affected the bitcoin price, maybe my post can make FUD people here to sell their bitcoin in exchange because my bid is still there.

I thought there was only one member of the forum who could influence the price of Bitcoin with his posts, but now we know there are even two who think they can. Maybe someone should tag you as a member who intentionally spreads FUD and engages in classic signature spam?

[m2017]

https://twitter.com/search?q=dormant%20address%20%23BTC&src

I actually don't care about this because for me btc price will always fluctuate for various reasons. But when I look at this, maybe a bit worried, I don't know how many people in 10 years ago still own a lot of Bitcoin until today and sell it at the same time. So What you're though?. why are they selling it now, and not on ATH acouple years ago?.

So all the same, are you worried or not because of this?

What do you propose to do? Panic and fan the hype about this event?

No one can influence the change of this occurred event (except for this whale). So maybe just relax and not worry about it?

I propose to look at this situation this way: if someone sells, then this is an opportunity for someone to buy.

Why are they selling now? Hmm, it's better to ask them themselves. We still can't find out, even if our guesses turn out to be accurate.

[Cookdata]

I actually don't care about this because for me btc price will always fluctuate for various reasons. But when I look at this, maybe a bit worried, I don't know how many people in 10 years ago still own a lot of Bitcoin until today and sell it at the same time. So What you're though?. why are they selling it now, and not on ATH acouple years ago?.

I think market makers are skilled at manipulating the price of Bitcoin using news like this. I noticed that when there is no positive catalyst to push the price up, such news tends to appear, and market makers often take advantage of the fear, uncertainty, and doubt (FUD) surrounding long-term investors selling their Bitcoin by having an open short order.

I even find it difficult to comprehend why there is FUD over a mere 2k Bitcoin because it is a small amount that can be absorbed by the normal trading volume on weekdays without causing any significant damage but traders will always tend to create panic, and the media also contributes to this by trying to create sensational news that generates attention to their websites.

[majeed]

I actually don't care about this because for me btc price will always fluctuate for various reasons. But when I look at this, maybe a bit worried, I don't know how many people in 10 years ago still own a lot of Bitcoin until today and sell it at the same time. So What you're though?. why are they selling it now, and not on ATH acouple years ago?.

Yo, let's chat about Bitcoins! Over the last decade, the value of Bitcoins has been all over the place, and people have bought and sold them for all sorts of reasons. But hey, it's still a thing, and it's made some peeps some pretty sweet cash. In recent times, the demand for Bitcoins has gone up, which has driven up their value. Now, I get it, you're worried about the people who sell their Bitcoins, but let's be real, it's a volatile asset, and folks sell for all kinds of reasons. But check it out, the future of Bitcoin is looking promising, and more and more investors are getting in on the game every day. So don't stress, we're gonna see some new highs before you know it!

[pawel7777]

So all the same, are you worried or not because of this?

What do you propose to do? Panic and fan the hype about this event?

No one can influence the change of this occurred event (except for this whale). So maybe just relax and not worry about it?

I propose to look at this situation this way: if someone sells, then this is an opportunity for someone to buy.

Why are they selling now? Hmm, it's better to ask them themselves. We still can't find out, even if our guesses turn out to be accurate.

You're right but for the wrong reasons. Yes, we shouldn't be worried about that amount is not big enough to affect the market in any serious way.
But in general, if someone was to move a huge stash of bitcoins to the exchange, then a drop in the price would be expected. As such, it would make sense to take advantage of that, sell and buy back more at a cheaper price. Sounds like a better plan than relaxing and doing nothing.

[franky1]

people like for instance micheal saylor have bought large clumps of bitcoin all at once.. multiple times.. meaning someone else was selling to him at that same once.

yet markets did not move to any bad degree.

yep many time he bought more then 1000coins each. and those times did not cause massive price changes.

so calm down folks
remember for each seller is a buyer

[bayu7adi]

Only the whales can know why they are selling now.

It's entirely possible that they're an individual investor without any affiliation to the "whales." Thus, only the owner knows when and why they're selling their BTC.

Only the whales can know why they are selling now.
But we do not need to be afraid of anything because even if some whales sell, a time is coming that many people will buy and the price will rise again.

Wow, do you think there will be 'many people will buy and the price will rise again'?

It's hard to say for sure, as the existence of Bitcoin will remain decentralized from now on. This makes it a highly speculative investment, subject to each individual's strategy, facts, and opinions. While many people may be tempted to buy Bitcoin after a wallet dump, this can also cause panic, leading some to sell their Bitcoin. It's important to remember that everyone has different levels of resilience and patience. Therefore, mere confidence alone cannot predict a significant surge in Bitcoin purchases after a dump.

[darkangel11]

I am just amazed, not worried, as to how they were able to recover if it was lost over that span of years, their bitcoin, and also what the story behind it was. For sure, anytime soon, they will sell it. Also,  we ain't newbies anymore; we've already seen how Bitcoin dumps and how it comes back, so for sure, if they sell it, it will be just small bits of dump, and again, I am more worried about halving next year as I am expecting a lot with the price after it.

I don't think it was a lost address and people sometimes move money around, so no need to worry. One of the most obvious reasons for me to move my money would be to make it a gift to someone and in 10 years a lot of things can happen. Your children grow up, get married, you retire...
Sometimes people die and their relatives take over their savings. This is going to continue as time goes by. 20 years from now somebody will look at the addresses you make right now and say: that had to be a rich whale, hope he doesn't move that 1 whole bitcoin.

[kryptqnick]

I don't see any reason to be concerned about it affecting the price, as waking up doesn't mean intending to sell all holdings at once, and even 27.5 million USD worth of Bitcoin isn't that much, considering that BTC 24-hour Volume is 25.7 billion USD. So it's still a drop, even if a pretty significant drop, even if an owner of such an address somehow decides to sell so many bitcoins at once.
What I see in such news is actually a positive thing, namely that coins that were most likely presumed to have been long-lost turn out to not be lost after all when an old address is suddenly active.

[paid2]

Why are you worried?

Anyone can need cash, even some whales can need to sell BTC. Who knows ?

Personally I hold my Bitcoin for the long term, I'm not worried about large volume sales and potential price fluctuations, there's nothing you can do about it.

I don't have any particular analysis of the fact that several large wallets are moving BTC in a synchronized way. But I'm not worried about that. We don't know, if it is the same person who has several addresses? And even if it was several people, it doesn't seem to impact the price more than that.

We all know that in the future, there will be other big sales of BTC volumes, there will be future big volumes bought. That's just the way it is.
Fanky1 is 100% right, for every seller there is a buyer, that's the order of things in terms of Bitcoin.

[Fivestar4everMVP]

But when I look at this, maybe a bit worried,

There is absolutely nothing to be worried about, like you said, whether this guys sell it or not, the price of bitcoin will always fluctuate for several reasons, and should I tell you something?
It is actually better for the price of bitcoin to go down because someone dumped a bag, than for it to go down become a big exchange was hacked or went bankrupted - for the first, the price will quickly recover back to its normal price, but for the latter, it will take very much time for the price to recover, simply because, several people are selling in other to cub their loses - and some selling out of lost confidence.

 I don't know how many people in 10 years ago still own a lot of Bitcoin until today and sell it at the same time. So What you're though?.why are they selling it now, and not on ATH acouple years ago?.

It's not  like we usually know what the all time high price of bitcoin will be before it reaches that price, if there is a way for us to know, do you think anybody would want to buy bitcoin at the all time high price,?
Think about it and I believe this should answer your question.

[pawel7777]

people like for instance micheal saylor have bought large clumps of bitcoin all at once.. multiple times.. meaning someone else was selling to him at that same once.

yet markets did not move to any bad degree.

Well, Microstrategy made their biggest purchases in the 2nd half of 2020 (a series of buys totaling over 70k bitcoins) which was in line with the beginning of the biggest bull run, so it's hard to dismiss they might have had some effect on the price.
They were buying OTC so the timing of the impact on the market could've been delayed and it's way harder to measure it.

A full record of their purchases, if anyone's interested, can be found here: https://buybitcoinworldwide.com/microstrategy-statistics/

But yeah, a single buy/sell of a few thousand is not something to get excited about.