2009 coins on the move? Probably not Satoshi

[hatshepsut93]

it is very likely that these coins were moved by an early miner as a middle finger to Craig Scammer Wright as the address that these coins came from was among the list of addresses that CSW claimed he owns and also more importantly claimed he has lost access to long time ago.
now the real owner anonymously moves the coins to show the middle finger to CSW and poke even more holes in his empty claims.

I've read on reddit that 70 out of the presented by CWS addresses were already spent, so I don't see a strong need to move coins just to prove something. And it looks like 10 BTC were sent to a mixing service or an exchange, so it's a bit more likely that an early miner decided to cash out a portion of their coins.

What's much more interesting to me is that both the original address and the new 40 BTC address received a lot of dust since the address has woken up. Why would anyone send small amounts of coins to a stranger? Do they hope to use it for tracking them?

[1714487556]

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[wwzsocki]

...this news has affected the price negatively. And I'm also thinking that maybe some bad actors are going to take advantage of this news and create FUD...

Exactly, I have the same thoughts about this news.

We have already experienced a massive selling pressure in the 10,000$ price range and this news will only add fuel to the fire because it is seen as something bad for the market or at least such narrative is common from what I see. It could be made on purpose, to shake off last weak hands and buy cheaper BTC, when this is still possible because all indicators and off-on chain analysis are flashing red that we are entering a bull market.

Of course, we have still one more barrier to achieve this goal, which is the 10.000$ sealing, but believe me, once it is broken, then there will be no stopping for BTC and the move to the upside can be massive, so every opportunity to buy cheaper will be exploited by bad actors and we have to be big skinned at this times because corrections and high volatility will be enormous.

In my opinion this is great news for the "Kleiman case" because it proves that C.W. is lying in his statements. From what I know it should be impossible to move these coins from "Tulip Trust" without all these "bounded couriers", additional encrypted parts (which should be still delivered) and years of waiting. This address is on his lists provided to the court   .

No if you wanted to shake coins out to drop  well under 6000 you would do 1 or 2 blocks a days...

Maybe you are right, but I just found an interesting comment in another thread about the same topic, which perfectly fits into the narrative of my post.

There was a flash crash on Bitstamp just now:


https://bitcoinity.org/markets/bitstamp/USD

Who tf panic sold because of this? Damn weak hands  

Of course, we all are only speculating and nobody knows nothing for sure. We are actually testing the 8800$ support and this news helped bears to achieve these levels, but if it holds, then BTC will go probably up again!!!

[philipma1957]

No if you wanted to shake coins out to drop  well under 6000 you would do 1 or 2 blocks a days.

The most likely case is this a some one with plenty of blocks under the block number of 10,000

They needed some money and cashed one out.

idiots selling based on 1 block under the 4000 mark are just that idiots selling.

Now  show me a block a day in the low range dropping out  and I would say someone is making a price shift move.

[pixie85]

Maybe it has not affected the price as much as you think!

Bitcoin has been struggling to break 10 thousand and there's been a recent double top that signals a short term reversal. The price is just looking for a support from which it can continue upwards.

It was debunked many times already that those were not Satoshi's coins! Satoshi was not the only person in the world who mined in 2009.

[Baofeng]

@Darker45. However, Hal came on 2010, correct? This is 1 year after the said 50 BTC coinbase was rewarded to the miner.

No, Hal was there since the beginning.



https://twitter.com/halfin/status/1110302988

I speculate that the only miners 1 month after bitcoin's creation might predominantly Satoshi with different computers.

I'm not sure about that, but there could be some miners in the early days, besides Satoshi and Hal himself.

As for the effect on price, obviously, we have some impact as the price goes down on the lower $9'ish. When prior to this we are getting into that 5 digits again.

[BuNga_cute]

I also think the same thing related to the transfer of bitcoin in large numbers from the old address is probably not Satoshi Nakamoto.
Because the earliest adopters of bitcoin aren't just satoshi nakamoto, I'm sure there are some people. Besides the bitcoin transfer like this
don't we as investors become panic and think negatively that bitcoin will dump. In my opinion this is not the first time this has happened
old address move 50 BTC, a few years ago it happened. And does not have any impact on the market.

[Sadlife]

We can't really prove or disprove if it really is Satoshi himself because he himself said back then to use many different addresses for security.
It maybe some early miner of Bitcoin, who knows but the technicals show a bearish pattern specifically upward diamond pattern that broke out today. So no this is not surprising at all.

[Oceat]

Maybe it has not affected the price as much as you think!

Bitcoin has been struggling to break 10 thousand and there's been a recent double top that signals a short term reversal. The price is just looking for a support from which it can continue upwards.

It was debunked many times already that those were not Satoshi's coins! Satoshi was not the only person in the world who mined in 2009.

Welp, this is the only time that I remember the market suddenly plunge when a certain amount of Bitcoin is being moved. So I'm sure there's a huge impact on it and whoever that person who moved their Bitcoin in an old address is an early investors but we don't know who are they. Best advice is wait a little longer to see if the price would normally back up or just gonna go down for the bottom.

[btc_angela]

...this news has affected the price negatively. And I'm also thinking that maybe some bad actors are going to take advantage of this news and create FUD...

Exactly, I have the same thoughts about this news.

We have already experienced a massive selling pressure in the 10,000$ price range and this news will only add fuel to the fire because it is seen as something bad for the market or at least such narrative is common from what I see. It could be made on purpose, to shake off last weak hands and buy cheaper BTC, when this is still possible because all indicators and off-on chain analysis are flashing red that we are entering a bull market.

Yes, as we can see the market plunges to the low $9k, so it indeed affected the market itself.
Maybe those weak hands just wanted to get out and make profit and doesn't want to see another Covid-19 drop. But perhaps in the next coming days, everything will settle down and time for the market to climb back again.

@Oceat - If I'm not mistaken there was also some drop before when this huge amount of coins are being moved, but what makes this more compelling is that it's a old address that others speculating that it came for Satoshi, which majority of us didn't agree with.

[kryptqnick]

it is very likely that these coins were moved by an early miner as a middle finger to Craig Scammer Wright as the address that these coins came from was among the list of addresses that CSW claimed he owns and also more importantly claimed he has lost access to long time ago.
now the real owner anonymously moves the coins to show the middle finger to CSW and poke even more holes in his empty claims.

It might be true, and it could be a nice move of discrediting Craig. He confirmed that he did not do that, it seems (here's a mention). Maybe now we'll have fewer Craig supporters or perhaps the court will take this into account. So we're talking about a very early adopter, but most likely not Satoshi. I've seen a version that the Kleiman family actually has access to BTC but said the opposite in the court... There weren't many people into BTC back then, I believe, but we still most likely don't know the identity of all of them. So this might remain a mystery.

[aoluain]

it is very likely that these coins were moved by an early miner as a middle finger to Craig Scammer Wright as the address that these coins came from was among the list of addresses that CSW claimed he owns and also more importantly claimed he has lost access to long time ago.
now the real owner anonymously moves the coins to show the middle finger to CSW and poke even more holes in his empty claims.

It might be true, and it could be a nice move of discrediting Craig. He confirmed that he did not do that, it seems (here's a mention). Maybe now we'll have fewer Craig supporters or perhaps the court will take this into account. So we're talking about a very early adopter, but most likely not Satoshi. I've seen a version that the Kleiman family actually has access to BTC but said the opposite in the court... There weren't many people into BTC back then, I believe, but we still most likely don't know the identity of all of them. So this might remain a mystery.

why wait until now to move them though?
the prime time would have been when he first made the statement of not having access to the wallet.

anyway as always some people will read doomsday into anything

[wwzsocki]

...we can see the market plunges to the low $9k, so it indeed affected the market itself...

Only 50BTC mined around 2009 was enough to push total cryptocurrency market capitalization over seven 7 billion dollars down, immediately following the news about the transaction, and of course, bitcoin led the way. I only wonder what would happen if indeed more from these early mined Bitcoins will be moved?

https://www.publish0x.com/scripts/what-if-satoshi-actually-sent-those-bitcoins-xkkkoek

In my opinion, this is not important if this was Satoshi or not, the fact is that this news brings panic to the cryptomarket and that was only one transaction. When people will see bigger moves from these early wallets, there will be no way for BTC to sustain in such a selling pressure and for sure we will see big corrections and extremely low prices.

I really hope, that all these early Bitcoins will stay inside these wallets or will be moved wisely, very slowly, to not cause the panic, because we see the market reacts really bad on even minimal amounts of BTC transferred from them.

[pixie85]

Maybe it has not affected the price as much as you think!

Bitcoin has been struggling to break 10 thousand and there's been a recent double top that signals a short term reversal. The price is just looking for a support from which it can continue upwards.

It was debunked many times already that those were not Satoshi's coins! Satoshi was not the only person in the world who mined in 2009.

Welp, this is the only time that I remember the market suddenly plunge when a certain amount of Bitcoin is being moved. So I'm sure there's a huge impact on it and whoever that person who moved their Bitcoin in an old address is an early investors but we don't know who are they. Best advice is wait a little longer to see if the price would normally back up or just gonna go down for the bottom.

What bottom are you talking about? Back to 3000 dollar bottom? You can forget about that.

Bitcoin was mined by a few people in the early days and the thought that it's Satoshi is simply ridiculous because it's such a small amount.

If Satoshi wanted to move money you'd see a million bitcoins being moved not 50.

[Janation]

It is funny how hard Craig trying to prove it.

A lot of people obviously know that it is not Craig, he is not Wright  Either way, people are saying that someone moved it and it is not Craig, if it is not Satoshi, then it is someone having fun while Craig desperately wants to take it all.

[Nathanz]

It is funny how hard Craig trying to prove it.

A lot of people obviously know that it is not Craig, he is not Wright  Either way, people are saying that someone moved it and it is not Craig, if it is not Satoshi, then it is someone having fun while Craig desperately wants to take it all.

Agreed. Craig really just boasted what he doesnt really have and the one who is responsible for moving that 50 BTC from an old wallet slapped it on his face that his arrogance is over. Funny thing though. It doesn't matter who the person behind that is, the important thing is that Craig Wright is proven to be a poseur

[reliable]

I can see how the cryptocurrency has taken several giant steps forward. It took many years before cryptocurrency became popular and affordable. It will be many years before this is available worldwide.

It would not be far away when the crypto will be used widely across the globe. Now as things is going to change post Corona Virus, we will have everywhere possible to go with the digital payment and less of manual intervention. Crypto is going to play a hug role in this space and in coming time this will be hitting a huge demand from the people.

[alani123]

it is very likely that these coins were moved by an early miner as a middle finger to Craig Scammer Wright as the address that these coins came from was among the list of addresses that CSW claimed he owns and also more importantly claimed he has lost access to long time ago.
now the real owner anonymously moves the coins to show the middle finger to CSW and poke even more holes in his empty claims.

It might be true, and it could be a nice move of discrediting Craig. He confirmed that he did not do that, it seems (here's a mention). Maybe now we'll have fewer Craig supporters or perhaps the court will take this into account. So we're talking about a very early adopter, but most likely not Satoshi. I've seen a version that the Kleiman family actually has access to BTC but said the opposite in the court... There weren't many people into BTC back then, I believe, but we still most likely don't know the identity of all of them. So this might remain a mystery.

why wait until now to move them though?
the prime time would have been when he first made the statement of not having access to the wallet.

anyway as always some people will read doomsday into anything

Well, craig has a concrete way of proving ownership. But in not doing so, he's just making a full of himself. Now the early miner statement from 100 something mined blocks only makes him look like an idiot with cryptographic proof. And that's hopefully something the court can acknowledge. I'm sure he never cared about proving anything in a concrete way anyway, other than fooling some people that know little to nothing about bitcoin and were therefore likely to embezzle.