Virgin coins from 2010 are on the move!

[100bitcoin]

https://www.blockchain.com/btc/tx/54aa0aa03fd0dc5f4a6e2c61fc6267e3ae82c36d122d36e0bd6cb1022a154a01

[Debonaire217]

Your thread was indeed full of meaning.

Honestly, I couldn't stop thinking what is the reason behind this movement of BTC from an address that is active way back 2010, why? Because if we are about to sell BTC, I don't think the bear market is the right time to do it. Or maybe, the owner would just want to move his/her Bitcoin to a newer, safer address because upon observing, the new address is now segwit. But who knows?

There might be a deeper reason behind it.

[minairia3]

Because if we are about to sell BTC, I don't think the bear market is the right time to do it. Or maybe, the owner would just want to move his/her Bitcoin to a newer, safer address because upon observing, the new address is now segwit. But who knows?

This is probably a panic selling. Its already obvious that we are still in the midst of bearish market. Typically a holder wouldnt even move a budge just to sell it on a desperate attempt. But our situation with all the markets are down, some cant be blame for selling and fear to lose their asset some value. Anyway, the market already down by huge since last night and still going down more. I am afraid it would touch down 3k level if this continue.

[20kevin20]

To me it doesn't look like these coins are necessarily being sold. I'm far from the best Blockchain analyst out there, but if I see this correctly, all those BTC have been sent to a single address and then they were split into 15BTC addresses (https://www.blockchain.com/btc/tx/74c8189118f83e45d51ea480cc91f37d8a089efbebf1a2e9bf7a52e16f1f67df).

This is probably a panic selling. Its already obvious that we are still in the midst of bearish market. Typically a holder wouldnt even move a budge just to sell it on a desperate attempt. But our situation with all the markets are down, some cant be blame for selling and fear to lose their asset some value. Anyway, the market already down by huge since last night and still going down more. I am afraid it would touch down 3k level if this continue.

I highly doubt someone holding from 2010 is panic selling. If they've been through and resisted against every single BTC rise and drop it had in its history, the current moves of BTC are nothing compared to the past.

[coupable]

https://www.blockchain.com/btc/tx/54aa0aa03fd0dc5f4a6e2c61fc6267e3ae82c36d122d36e0bd6cb1022a154a01

Three days ago, date of the transaction, someone posted in technical board about recovering an old wallet from early age of bitcoin. We can't get sure that he is the owner of those btc as he didn't provide any specific information and didn't been active since that date.
Link to thread: https://bitcointalk.org/index.php?topic=5231867.0

[makoto1337]

https://www.blockchain.com/btc/tx/54aa0aa03fd0dc5f4a6e2c61fc6267e3ae82c36d122d36e0bd6cb1022a154a01

Three days ago, date of the transaction, someone posted in technical board about recovering an old wallet from early age of bitcoin. We can't get sure that he is the owner of those btc as he didn't provide any specific information and didn't been active since that date.
Link to thread: https://bitcointalk.org/index.php?topic=5231867.0

Nice catch

My initial inclination is that maybe someone's old computer was hacked, but this makes sense as well. Still, I doubt this is the cause of the current sell off. One does not simply HODL for 10 years and then dump after days of dumping.

[Lhaine]

https://www.blockchain.com/btc/tx/54aa0aa03fd0dc5f4a6e2c61fc6267e3ae82c36d122d36e0bd6cb1022a154a01

i think is the reasons why the price decline today. But its good thing to heard that old t btc has still its owner hand even though its too long that he never open that wallet address.
It will just add to the circulation and move to another hands which i think a good news the decline of the price is just temporary.

[Pffrt]

That's not strange but I highly doubt it was a sale because if you look at the BTC distribution, all of the input was made small output of 15 BTC each. Why would anyone do that if he were to sell BTC. It might be a hacking case who wants to break the link. It can also be a case of mixing the BTC.

[coupable]

I doubt this is the cause of the current sell off. One does not simply HODL for 10 years and then dump after days of dumping.

I also doubt if this is the cause of the actual dump because that user confirmed that he doesn't know anything about how to sell or to convert btc, and focus on earning from forks occured during the last few years.
The spotted transaction can be defined as an ordinary movement of btc from one address to another, either the owner moves his savings to another address belongs to him, or sell them offline without using exchanges. Who would sell 1000 btc at once? This is barely impossible that those bitcoins from btc golden age are responsible for the actual decrease in btc price .

[Reatim]

https://www.blockchain.com/btc/tx/54aa0aa03fd0dc5f4a6e2c61fc6267e3ae82c36d122d36e0bd6cb1022a154a01

i think is the reasons why the price decline today. But its good thing to heard that old t btc has still its owner hand even though its too long that he never open that wallet address.
It will just add to the circulation and move to another hands which i think a good news the decline of the price is just temporary.

It is very hard to tell because the amount does not even matched in what is market prices now.look at the value

https://coinmarketcap.com/

too much falling,bitcoin value is at %6000 now and this is really frustrating because we almost seems to expect high when the truth is Halving cant assure us profit.

But Lets Buy now and HODL guys this is our chance.

[eaLiTy]

Who would sell 1000 btc at once?

There are over the counter sales those who deals only in huge amounts and it is indeed possible.

This is barely impossible that those bitcoins from btc golden age are responsible for the actual decrease in btc price .

These movements might not be the reason for the bearish trend but these huge movements can cause panic in the market.

These are the addresses that the coins are resting now.

https://www.blockchain.com/btc/address/1MPbs4TYnHMbfAKqGmW6CVeoJGX44cMiDG    holding 4449.66246641 BTC
https://www.blockchain.com/btc/address/17RWacAg9h8UyZdWnJA28Z7AKW89JjVmDu                665.93113837 BTC
https://www.blockchain.com/btc/address/3HAmBUqKTgxS6VuECrkFCAGtUSSyLa6uqr                   201.98043510 BTC

[DeathAngel]

If somebody has HODLED since 2010 then I really don’t understand why they’d be selling now. It’s probably just a whale moving coins to another wallet.

[Assface16678]

I doubt this is the cause of the current sell off. One does not simply HODL for 10 years and then dump after days of dumping.

I also doubt if this is the cause of the actual dump because that user confirmed that he doesn't know anything about how to sell or to convert btc, and focus on earning from forks occured during the last few years.
The spotted transaction can be defined as an ordinary movement of btc from one address to another, either the owner moves his savings to another address belongs to him, or sell them offline without using exchanges. Who would sell 1000 btc at once? This is barely impossible that those bitcoins from btc golden age are responsible for the actual decrease in btc price .

In creating the bitcoin there are a lot of questions like what does the creator made this kind of coin and how many coins are still remaining on the cloud and more but still one of the popular is what are the coins came from the previous years and how does it become more profitable and we can get a lot of earning from the previous years of starting of crypto there are a lot of people see the potential of this coin to make more profit and now it gives a huge market income and it is better if we are trying to identify it. One of these coin is the bitcoin it goes dump for almost 10 years and now it is coming back from the market and give it's highest market value but still, we are looking toward the profit it can give. Bitcoin and the whole process of it are full of surprise that we can earn more or not it depends on the people.

[Yaunfitda]

If somebody has HODLED since 2010 then I really don’t understand why they’d be selling now. It’s probably just a whale moving coins to another wallet.

Yes, moving doesn't necessarily selling though, it's just the timing of the move that makes everyone nervous. But I just followed and trail, indeed there are no sell-off but just simply consolidating the huge amounts in another wallet.

I'm thinking that maybe the owner is trying to 'manipulate' the market and to picture that he/she is selling to cause panic and then take advantage of the situation to scoop more BTC.

[joinfree]

To me it doesn't look like these coins are necessarily being sold. I'm far from the best Blockchain analyst out there, but if I see this correctly, all those BTC have been sent to a single address and then they were split into 15BTC addresses (https://www.blockchain.com/btc/tx/74c8189118f83e45d51ea480cc91f37d8a089efbebf1a2e9bf7a52e16f1f67df).

This is probably a panic selling. Its already obvious that we are still in the midst of bearish market. Typically a holder wouldnt even move a budge just to sell it on a desperate attempt. But our situation with all the markets are down, some cant be blame for selling and fear to lose their asset some value. Anyway, the market already down by huge since last night and still going down more. I am afraid it would touch down 3k level if this continue.

I highly doubt someone holding from 2010 is panic selling. If they've been through and resisted against every single BTC rise and drop it had in its history, the current moves of BTC are nothing compared to the past.

I agree with you perfectly, someone holding as way back as 2010 is definitely not selling at this point. He probably might be thinking of splitting his funds unto different wallets for further security so that in case it is hacked he does not lose them all. this is the cryptosphere and you can never be too sure of some of the attacks of hackers.

[davis196]

"Virgin coins" is a pretty funny way to describe bitcoins that were mined back in 2009-2010 and were never used in any trading activities or buying goods or services.I would call those coins "baby bitcoins" even though they are one of the oldest bitcoins in existence.The owner of those coins must have forgotten about them,or he just figured out recently what was the password for his wallet.Let's hope that this guy won't sell any of his "virgin bitcoins".

[Lhaine]

If somebody has HODLED since 2010 then I really don’t understand why they’d be selling now. It’s probably just a whale moving coins to another wallet.

well if you have that for long time and not moving any single piece of it. This is still the right time for him to at least claim the profit they forget for long period of time.
It doesnt matter now how much is the price today . Moving it doesnt mean selling it all maybe he just want to sell a portion of what he earn from before and secured other to new wallet.

[coupable]

It doesnt matter now how much is the price today . Moving it doesnt mean selling it all maybe he just want to sell a portion of what he earn from before and secured other to new wallet.

Unfortunetely, he seems not caring about selling at any price or keep anonymous his transactions. He moved 1000 btc to Coinbase exchange according to analysis and start selling them. He didn't come back again since 12th.
Surely, if he tried to sell maximum at any given price, the whole market would be infected by a large drop.
This transaction would be recorded as one of the most brave act made by a person to move millions of dollars at once. This is insane.
https://www.blockchain.com/btc/tx/54aa0aa03fd0dc5f4a6e2c61fc6267e3ae82c36d122d36e0bd6cb1022a154a01

[rdluffy]

In our local section we are trying to figure out about whis "whale"

To our surprise it was someone from here, that has "some" BTC in a flash drive 

https://cointelegraph.com/news/bitcoin-miner-stumbles-upon-8m-stash-from-2010-sells-before-crash

Another history in BitCoin Talk

[Taskford]

Because if we are about to sell BTC, I don't think the bear market is the right time to do it. Or maybe, the owner would just want to move his/her Bitcoin to a newer, safer address because upon observing, the new address is now segwit. But who knows?

This is probably a panic selling. Its already obvious that we are still in the midst of bearish market. Typically a holder wouldnt even move a budge just to sell it on a desperate attempt. But our situation with all the markets are down, some cant be blame for selling and fear to lose their asset some value. Anyway, the market already down by huge since last night and still going down more. I am afraid it would touch down 3k level if this continue.

There are several times that we encounter this fall and those coins doesn't move and its a mystery on why this one move at this point well maybe the old owner got panic from a huge market upset since as of now we don't know on what is the deeper price come since the virus is so strong and hurting badly the economy, so provably the owner moves that since that is his last defense for his losses recently.