Japan's Dormant accounts waking up finally

[Oasisman]

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.

[rodskee]

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.

[audaciousbeing]

Its actually not something anybody to be concerned about on the movement of accounts. I am quite sure that a lot of people must have bought bitcoin at the time when it was above $10,000 while some others would have purchased even higher than that and when the price crashed at the time, they just decide to keep it there and watch rather than counting their losses which is what they have done and now that the price has increased, it is expected that movement will happen.

[jademaxsuy]

I can't agree with you with some of the information you provided. Yes, it may affect all of these to bitcoin market value as everyone are eyeing on it now that btc market price goes high or more thab 10k usd to which dead walley addresses now started to become active. And in regards to gold investment to bitcoin then yes it is basically a good choice to transfer investment in bitcoin but all of these could be troublesome knowing the news lately regarding on scam. There are many scammers around and wether we hate them or hate much they are really the problem here needed to get rid first the scammers, hackers and the likes.

[MCobian]

If dormant accounts are waking up, they will certainly sell their Bitcoin rather than starting trading again, if this happens
in the near future there will be a correction. But until now the price of Bitcoin is still above $ 11,000 most likely dormant
accounts decide to start trading again. And fortunately there are some gold and stocks investors to move their assets to
Bitcoin. Hopefully with this incident the price of Bitcoin will rise even higher.

[LeGaulois]

You guys seem to forget something.

Not only you're confusing BTC addresses and accounts on an exchange platform (the article is talking about accounts) but you don't understand that a dormant account can be empty (no BTC, no fiat? nothing) and if the persons were inactive for a while you can suppose that was the case.

If they had any money/coins left on it they would transfer it somewhere else before leaving, or if they still had something they would log in from time to time to check their accounts, so they wouldn't be dormant accounts.

And it's not because there are a bunch of accounts waking up that Bitcoin will get a correction the following days. It's totally stupid.
It's not as if we had 1000 persons owing 1000 BTC each and starting to sell all the same day.

[pawanjain]

That's quite interesting and I think it will surely affect the price of bitcoin in one way or the other.
If people are going long for bitcoin then BTC can increase in the upcoming months.
It might also go the other way around if people have come back to sell their bitcoins 
I really think it's gonna go positive this time for bitcoin.