dormant addresses are waking up?

[blckhawk]

We can have different scenarios here that may explain these transactions. Its either:

(1) There is a single owner that suddenly remembered about his bitcoins and decided to use them or suddenly found his list of public and private keys, or

(2) This could be a group of early bitcoin holders that had talks and decided now is the time to pull out or transfer those bitcoins.

Either way, 8 years is way too long and I it's unlikely that it's planned. It's maybe a forgotten asset and remembered, while luckily keeping private keys safe.

[Zeke_23]

One question OP, how did you 'specifically' found this addresses?
I am guessing you have been monitoring it before now to know when the owner made this move.
Anyways, three particular thing is involved here;
1) Perhaps the owner suddenly remembered he had some certain amount of Bitcoin

2) The owner has been hodling since and probably finally decided to make use of the funds (Not sure why he didn't spend not even one when the price was 20k though)

3) Someone else got hold of the private key or assess to the funds. (I hope this is not the case here)

I have a list with dormant addresses around 2700 and I'm monitoring their activity for personal reasons.
Few days back I checked the balance on all of them and I saw that the funds were moved for some.

We don't know if is one person or a group. Also we don't know if is the owner..but it has the private keys.
The funds were only moved to other addresses.

Maybe this has been done by a single person, as you said this wallet already been existed since 2011. I think an individual store it and do not intend to move or use it over the past few years for his own reasons. This may be his time to make a move.
Well, we don't know his reasons.

[CryptoBry]

All below addresses were emptied this year. Most of them in Sept. 2019. Around 2982 BTC in 21 addresses.
All addresses were first used in 2011, and dormant until now.

No spending transactions on them so the public key was not known.
The owner he suddenly remembered after 8 years that he had some BTC?

What are your opinions?

I am not alarmed with these Bitcoin addresses suddenly waking up after years of being dormant, me thinks this is just another natural occurrence in this industry. Whatever reason/s the holders may have for this decision, it is only them that knows. This is just plainly strange as 8 years is a long period of time and why the holder/s did take advantage of the bull run in 2017 is another mystery.

On the other hand, can this be connected with the recent soar of the Bitcoin price? Maybe holders realized that it is time to let go of these coins and convert them into fiat money. I would be interested if there can be more wallets waking up and suddenly doing some transactions and not just these few enumerated above.

[Eugenar]

There are possibilities that these addresses are own by whales that just the market passes till right now, I have a huge speculation that they know what will happen why they hodl such big amount of bitcoin from 2011. In this case, we can perceive that market will be much lively as they participate in trading. At the same time, I have a fear that it can make the bitcoin market price decline a little bit as lost bitcoin is a key to huge market price.
 

[angrybirdy]

There are possibilities that these addresses are own by whales that just the market passes till right now, I have a huge speculation that they know what will happen why they hodl such big amount of bitcoin from 2011. In this case, we can perceive that market will be much lively as they participate in trading.

Different speculations are now coming into our minds. A sudden movement of a dormant wallet which is suddenly appeared after all these years.
There is a higher percentage that this is owned by a whale and there must be something huge that will happen in the market for the next following days or months.

[marcbitcoins]

Waiting for 8 years is a very long period of waiting for Bitcoin to become more expensive and perhaps they should sell their Bitcoins on 2017 so i think it was not planned to keep it. Maybe the owner(s) lost the private keys and found it then they sell the Bitcoin right away as Bitcoin value today is still much expensive compared to 8 years ago.

[DabsPoorVersion]

Waiting for 8 years is a very long period of waiting for Bitcoin to become more expensive and perhaps they should sell their Bitcoins on 2017 so i think it was not planned to keep it. Maybe the owner(s) lost the private keys and found it then they sell the Bitcoin right away as Bitcoin value today is still much expensive compared to 8 years ago.

It very long-awaited years for the owner of this wallet. Yes, the owner might have lost his private key and suddenly found it or else I think he just forgot about it and suddenly appear in his mind that he is holding much Bitcoin.

[boltz]

Hi,

All below addresses were emptied this year. Most of them in Sept. 2019. Around 2982 BTC in 21 addresses.
All addresses were first used in 2011, and dormant until now.
BCH is still there except 1 address.

No spending transactions on them so the public key was not known.
The owner he suddenly remembered after 8 years that he had some BTC?

12CpK8apTJfaMSiPYhGMDdaRRFYoS721Px
13GUJutC6GKgJQTcGzCtznDDYFQKVJFVwp
13Sa73PU9Ar5sE4SdFcBdbg9ntbNcMQhaA
14k4GhqA1svNZPbssdAjgdnfzWTpAigZVH
14nppk7sMVv91n1Nch6DQKaFto3wVmh8yT
16KVwFVDfU3DKrvnGGSM7hsGp3MnvHczuB
17tXBRCQzQz87zYetp3wwJRms4fcWN4a8v
18ws2qaW2xBRWGCmfjnDiDHa55A5iSJogP
18xEu7DB8u58ivNa3VwEFeEc4ZbjtMVtPD
19w2MURRz5LsjNHCckmp65YX4WCc7kJdJF
1APGxVLKXhXepeaAjV6z3s4d7xCYXXDwmj
1Aw7mXtLMDjTBNcaqjv6cT935BEQQr5vRF
1B3m4F831f9u6ySnpYbUwgriJAgS3tuso5
1BpqxJp2LEban4mJou5rDHYmzA9eTwKbXY
1CbvcQXEYrqXqbBczHL8to3xeVZ3EsgrhH
1DKwr32h5F6uuUmePdT7esZ21AfK7ovASK
1FRtwC64bWcMb7RGBcwLJTup6tYrCMs9ge
1HQT2UZEK4i3yHnYbVTaXNccgnM45th94f
1MtUY5R3xixWfthqrprVPWMMTwR5A7GU2x
1nYrmtXVjX9G3Q86tdKcKQRCq2MPVvNp9

What are your opinions?

Just because he simply didn't sell any of his bitcoin doesn't mean he forgot about them so there are more scenarios :

1. The owner needed some urgent cash in order to buy something

2. He forgot about them ( one lucky guy who mined in 2011 )

3. Long term holder so he didn't need to make any transactions without any significant reason

4. He cashed out and he's one happy guy

5. Several personal owns those address ( maybe a group of whales or investors or maybe even a project )

The amount he had its still low to make a significant impact in the Bitcoin price but he can be considered a mini whale as there are still 2982 BTC which is not a small amount we can't deny it. When the bull run will begin we will see transaction of 10k Bitcoin moving out and that is something normal around a bullish market.

[Ailmand]

We cannot confirm if these 21 addresses are owned by just one person, but it would be a coincidence if they became active all at the same time. It could be an early adapter of bitcoin. Guest have forgotten that he has a bitcoin or just have found the access to his wallet again because if I were that person I would have chose to sell my bitcoin last 2017, and not today. Or it could be that he needs cash immediately or he had set this specific time to sell.

[drotika]

-snip-

As you are not the author of this collection (did not find these addresses by yourself in blockchain), it is always good style to make the reference to the original post: https://bitcointalk.org/index.php?topic=1306983.msg52879592#msg52879592

However, thank you for transorming all the public keys to final addresses.

these titles were in the wrong range and moved to a safe place

2**169 > 2**170 Bit are all within this range
0x2000000000000000000000000000000000000000000:0x3ffffffffffffffffffffffffffffffffffffffffff

[hahahafr]

It's pretty funny anytime there is such spike in  the price of BTC these things happen. Well i guess everybody has his/her sell target for BTC and probably this is theirs. I am just waiting to see the day that Satoshi is also going to move any of his genesis block rewards> He might be waiting for $50K per coin then.  

[mascherono]

It's about 8 years already passed away now the owner remembered that he had some BTC around 3000. He wants to exchange them now?

[Yaunfitda]

Good find, those addresses are really dormant, so we don't know what suddenly he just dumped everything in 2019. He could have liquidate it during the peak in 2017 and I'm sure he will have a windfall that time.

But it really doesn't make sense to sell it in 2019, so perhaps someone get hold of all that addresses and the privatekey and quickly sell-off to take the money away and enjoy his "bounty". I don't think that the original owner will just dumped it, his been holding it for so long, he could have waited for another new all-time-high before selling and that is the most logical thing to do.

[th3nolo]

Snip.

Maybe the owner of those Bitcoins wants to move them to split them into several wallets to improve their security.

Maybe that's why there was an increase in wallets with more than 1000 bitcoins.

I think that's the most likely reason, dormant addresses securing their Bitcoins.

8 years is enough time for anyone
If not, when?

[pooya87]

they don't look that dormant to me. it is impossible to know for sure and walletexplorer doesn't recognize a couple of them that i searched, but they look more like funds a big service puts in its cold storage specially the way these inputs are created.
for example https://www.blockchain.com/btc/tx/741aa0b3ff1eb733c7b096fb18b0f4ee6891f98a7ad8900f5530b21d0b9db46d
and the change (527.6BTC) goes into what looks more like making payments to withdrawal requests, such as what exchanges do.
could this be Mt Gox?

[joniboini]

Nobody can answer this question with exact precision. I think making a connection is good, but when the nature of the address is unknown (no related address found), then this could turn into something unproductive.

Even if we know which addresses are related to this 'dormant' addresses, it's challenging to find out why exactly the TX happen or who did it. For an average joe at least.

[Kyraishi]

One question OP, how did you 'specifically' found this addresses?
I am guessing you have been monitoring it before now to know when the owner made this move.
Anyways, three particular thing is involved here;
1) Perhaps the owner suddenly remembered he had some certain amount of Bitcoin

2) The owner has been hodling since and probably finally decided to make use of the funds (Not sure why he didn't spend not even one when the price was 20k though)

3) Someone else got hold of the private key or assess to the funds. (I hope this is not the case here)

I have a list with dormant addresses around 2700 and I'm monitoring their activity for personal reasons.
Few days back I checked the balance on all of them and I saw that the funds were moved for some.

We don't know if is one person or a group. Also we don't know if is the owner..but it has the private keys.
The funds were only moved to other addresses.

That's fair mate.

I actually have a different theory, don't think they are actually dormant or that they belong to a single group/person, I think it's something thats more business-related.

It looks like the addresses are likely owned by a fairly rich company or even exchange for that matter. It could be an ICO that was keeping some of their funds in cold storage after they crowdfunded, or could be a cold wallet for an exchange. Wonder why they are suddenly active again though...

[Casdinyard]

It's about 8 years already passed away now the owner remembered that he had some BTC around 3000. He wants to exchange them now?

Oh no, did the year died? LOL!
Anyway, OP mentioned that the funds were transferred and didn't sell.

Moreover, that person or group surely a long term holder, imagine that he missed or didn't sold his bitcoin when it's on ATH last 2017. That profit he could get tho. Or he really have a lot of bitcoin keeping on different wallets. Envy those guys, erffff.

[iparktur]

-snip-

As you are not the author of this collection (did not find these addresses by yourself in blockchain), it is always good style to make the reference to the original post: https://bitcointalk.org/index.php?topic=1306983.msg52879592#msg52879592

However, thank you for transorming all the public keys to final addresses.

these titles were in the wrong range and moved to a safe place

2**169 > 2**170 Bit are all within this range
0x2000000000000000000000000000000000000000000:0x3ffffffffffffffffffffffffffffffffffffffffff

Transactions from each address were made at different times, for several days but for a small period of time.
Therefore, we can assume that these addresses may have one owner or the owners of these addresses communicate with each other and do this together.
The reason (as one option) may be the desire to “update the repository” for the next few years.

[uray]

~snip
One of the things I don't know is margin trading. But first we need to look at the daily margin trading volume to talk about it. I think this figure is too low even for margin trading.

The risk are higher and you need to follow the market trend closely and you need to have a bot to figure out the volumes in all the exchanges in order to understand the market situation, if you are having doubt about the daily margin trading volume then you have to look again, $4,372,987,034 being traded in one future exchange alone in the past 24 hours just combine the total volume and you will understand the huge market.