1000 BTC moved after 10 years

[CODE200]

This should not be surprising at all, those who knew about bitcoin around that time, that also mined it was able to gained a lot.

What would you do with 1000 BTC today?

If I have such a huge amount of bitcoin, I will only make use of my hardware wallet and hold it. But, probably sell some for other businesses.

I think it is surprising enough. Those bitcoins were inactive for more than 10 years and suddenly someone decides to make a move towards them. Because if I had those amounts of bitcoin, I would have sold them in 2015, or 2017 for a better profit. Because being patient is extremely hard, especially when you saw the price of bitcoin kept going up without having any boundary. I guess this man suddenly found those bitcoins accidentally

If I had 1000, I would sell 500 bitcoin for business purposes. I love to make my own start-up. I have a few awesome idea which I think can change the world on a small scale. And the other bitcoins I will hold and try to sell them whenever it hit $40000 or higher. Then I will amass bitcoin again whenever it goes lower than $20000

more like investment diversification? It is a good thing if I would be asked. Sticking mainly on cryptos as an investment will not generate consistent profit, I think, since the market price is not continuously and consistently increasing as years goes by. There are only periods wherein it is showing upward direction. With this big amount, I'd say there no need for physical work anymore for him. 50-50 investment scheme is ideal but I would probably go for 70-30, wherein 70 percent is in real estate investments, while the remaining would be still in this industry for a reason that I am seeking for a consistent profit.

[1715036875]

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[chip1994]

1000 Bitcoins worth around $15 million moved on November 7 after being dormant for ten years.
Coins are coming from time when satoshi was still active online, and remember that in year 2010 Bitcoin was worth only $0.10

This is the address receiving coins first:
https://www.blockchain.com/btc/address/3QCGV3YWXMEsuJjW2oYVZEPi9f8vXMSqKc

I think this is quite bad news for the crypto market. This Bitcoin holder will soon sell off 1000 BTC when its price goes up and the market will surely be flooded with blood.
so beware for signals like these. I think this is the wallet of the underground organizations and they are planning to manipulate prices in the near future. Especially the margin traders should be careful when trading at this time, the price can fluctuate very high.

[yhiaali3]

The strange thing is not the amount of 1000 Bitcoin, but it is strange how the owner of this wallet managed to store this large amount of Bitcoin all these years without selling it, especially when the price of Bitcoin rose to  20,000$ in 2017??!!
This is a really confusing question!!! For example, was he expected to increase the price of bitcoin more ?? Or was he losing the private keys and then managed to find them?
Some people think this wallet is the property of Satoshi himself!!! But no one knows the exact truth.

[Clement Kaliyar]

What would you do with 1000 BTC today?

If it is an individual moving the coins then he is trying to cash out at the right time which is most probably next year and settle for life, i am not having that kind of money in my entire life as savings and i have no idea what i will be doing, may be invest in real estate and help some underprivileged people in helping them attain their goals and make sure this kind of wealth would not destroy me .

[Bekuciwu9]

1000 Bitcoins worth around $15 million moved on November 7 after being dormant for ten years.
Coins are coming from time when satoshi was still active online, and remember that in year 2010 Bitcoin was worth only $0.10

This is the address receiving coins first:
https://www.blockchain.com/btc/address/3QCGV3YWXMEsuJjW2oYVZEPi9f8vXMSqKc

I think this is quite bad news for the crypto market. This Bitcoin holder will soon sell off 1000 BTC when its price goes up and the market will surely be flooded with blood.
so beware for signals like these. I think this is the wallet of the underground organizations and they are planning to manipulate prices in the near future. Especially the margin traders should be careful when trading at this time, the price can fluctuate very high.

We dont really know what owner will do with that BTC, and it is no even bad thing if he decides to sell those BTC on the market a sits not a lot.For all we know, maybe he alrady sold that BTC to someone directly face to face and not through exchanges.It makes sense to sell that way to avoid paying taxes and fees,

[Reid]

What would you do with 1000 BTC today?

Damn, that's a lot of money. 

If I have that amount?
It's difficult to imagine it.
But, I have set my goals with a business just in my place.
Upgrade my house, make the ground floor a business place, and the other floors as where I live.
It's best for a crisis like this pandemic. People won't need to go all the way out to buy their needs.

[redsun114]

The strange thing is not the amount of 1000 Bitcoin, but it is strange how the owner of this wallet managed to store this large amount of Bitcoin all these years without selling it, especially when the price of Bitcoin rose to  20,000$ in 2017??!!

I am quote sure someone who has 1k BTC must also have other addresses with small balances and maybe he sold some of the coins from other addresses and kept this one as private during all these times.

This is a really confusing question!!! For example, was he expected to increase the price of bitcoin more ?? Or was he losing the private keys and then managed to find them?
Some people think this wallet is the property of Satoshi himself!!! But no one knows the exact truth.

There can be many theories if we assume the private key was lost, maybe someone accidentally got it? I mean at the end of the day it is a string of alphabets and numbers and while chances are near impossible but one might randomly get it.

I hope the coins moved are for a good reason and not for dumping because someone stored so many coins for such a long time then surely he must be a believer in bitcoins.

[Cratoon]

What would you do with 1000 BTC today?

Hold it for 10 more years lol

[Nhor1011]

If I have such big amount of BTC, I will surely help people in need. After securing my families life and future , I will also invest in some businesses for continue living and to help those who are jobless. That is really a big amount which I can't afford to spend.

[el kaka22]

I wouldn't really know what to do with that much money, I have never even had to consider that much money because (I know this sounds pessimistic) there is no way in the world I could ever have 1000 bitcoins one day, maybe 1 bitcoin as a savings in the future (hopefully) but that is the max I can think of when I think of having money aside that I do not spend and only invest.

If I have to consider what I would do, half of that would be enough for me to buy a big house, get a big car, invest into something boring that would give me small return but guaranteed income, and that way I would live without ever working again. The other half would probably go to just keeping it bitcoin or doing silly stuff like starting a new business that I wouldn't mind losing money or just investing few thousand dollars to each silly new project I see.

[Harlot]

15 Million Dollars worth of Bitcoin isn't really big as compared to what big companies are buying right now. These companies use their cash reserves to buy Bitcoin and its worth hundreds of millions which could definitely influence the market, a 15 million dollars worth of Bitcoin won't necessarily move the market not unless it has help with other whales in the process. I don't see it as scary as well since this is just one of the cases where a whale has move after a long period of hodling Bitcoin in their wallet.

For me, it is a big money; we should not compare a company to a certain person because it cannot be differentiated by just looking in their buying power, for sure this individual became so lucky after he take a risk in year 2010. He is one of the lucky people because he got bitcoin when its price is still below $1, anyway luck is being created after all. He created his/her own luck by taking a risks. It is a good to see that there are now movement that happening from these whales, I do not think that he will dump it because for sure he/she will continue to hold it because they already proven that its price is continuing to increase as the time passing by, but there is also a possibility that those whales will do tranche selling.

Yeah it is big money but what I am trying to say is will it have an impact in the market if it is traded in one flush? My answer is NO, Bitcoin's trading volume is reaching by the billions daily and most of that don't give a price movement more than 5%. 15 million dollars being sold won't make a dent or influence the market alone not unless other whales will help him.

[doomloop]

This is not the only time I am seeing something like this, seems like some old guys are starting to move their assets they were storing for a long time. There was an old address that moved their bitcoins and it was reported on this forum, and I think that was October, and now here is another one of the old addresses moving funds again. I’m still looking forward to a run up this year.

What would you do with 1000 BTC today?

If I had 1000 BTC and I am still holding them at this time, I am going to sell some of them and leave the rest. The rest I am leaving there is because I still believe that there is going to be another ATH price in future.

[Lanatsa]

This is not the only time I am seeing something like this, seems like some old guys are starting to move their assets they were storing for a long time. There was an old address that moved their bitcoins and it was reported on this forum, and I think that was October, and now here is another one of the old addresses moving funds again. I’m still looking forward to a run up this year.

What would you do with 1000 BTC today?

If I had 1000 BTC and I am still holding them at this time, I am going to sell some of them and leave the rest. The rest I am leaving there is because I still believe that there is going to be another ATH price in future.

Seems like those early adopters had decided to open up their stashes and might really be selling of those coins with the current price we are in.

I don't know why other people got scared when seeing these events yet its good to look at that those people are still alive and unbelievably able to

held up their coins after a decade.After all the years that had passed and able to withstand several dumps and pumps and now they've decided to make

some move.

[AndySt]

Yeah it is big money but what I am trying to say is will it have an impact in the market if it is traded in one flush? My answer is NO, Bitcoin's trading volume is reaching by the billions daily and most of that don't give a price movement more than 5%. 15 million dollars being sold won't make a dent or influence the market alone not unless other whales will help him.

In the case of a sale, the market reaction will be for sure, even remembering the past closed auctions organized by the American state and this did not spill out to the free market. By the way, it looks quite surprising that the market did not react strongly to this news. About the amount itself. I remember one story when the appointed external Japanese Manager of a bankrupt cryptocurrency exchange in Japan brought the market to its knees by selling off small parts of the remaining capital of the exchange.

[manfredmann]

That is a lot of money if I were to have that kind of money then definitely after investing in real estate priperty like having a subdivision of townhouses and then buy a good car for convenience. Yet, investing in bitcoin still would be ideal if there will be few  money left like buying bitcoin while market is cheap and then sell when marker is high or good.

[jaberwock]

We are already printing 900 bitcoins per day. People are forgetting that about miners and what the inflation is like in bitcoin world, we are printing 900 bitcoins PER DAY, so at the end of the day having 1000 btc moved is nothing, it is not even a news, there are miners with tens of thousands of bitcoin just saved aside, whatever is left from the costs and profits they just put it aside I assume, or even if they do end up selling we are talking about almost 1k per day so it is not like something brand new to us.

Sure, it is interesting to see 1k bitcoins move after 10 years because if it was there for 10 years, it is also interesting to move now, but at least we know that in grand scheme of things unless we are talking about 30k+ bitcoins all sold at the same time, we are not going to see anything change for us.

[Kupid002]

This is not the only time I am seeing something like this, seems like some old guys are starting to move their assets they were storing for a long time. There was an old address that moved their bitcoins and it was reported on this forum, and I think that was October, and now here is another one of the old addresses moving funds again. I’m still looking forward to a run up this year.

What would you do with 1000 BTC today?

If I had 1000 BTC and I am still holding them at this time, I am going to sell some of them and leave the rest. The rest I am leaving there is because I still believe that there is going to be another ATH price in future.

Seems like those early adopters had decided to open up their stashes and might really be selling of those coins with the current price we are in.

I don't know why other people got scared when seeing these events yet its good to look at that those people are still alive and unbelievably able to

held up their coins after a decade.After all the years that had passed and able to withstand several dumps and pumps and now they've decided to make

some move.

They are just afraid that it can have big affect in price of Bitcoin once that large owner of Bitcoin sell directly his holding in exchange.

Over all if there is enough demand I don't think we need to be afraid with that even they sell it directly in exchange it will only have short term effect in price .

[Genemind]

If I would have 1000 BTC today, I will still hold half of it and use the other half. What's the sense of having a huge investment if it would be too late for you to enjoy it? I will definitely grab the chance to help my neighbors who are struggling during this pandemic because that's a very huge amount of Bitcoin. 500BTC would be more than enough for me as an investment and 500 could reach out to lots of lives around me.

[hahay]

That's crazy! Is it the person with the original ownership or is it still the same person, because if it was hodl from 2010 then where was he in 2017? I think that year there were many people who sold their Bitcoin to become billionaires but apparently, there are still others who still hold onto it even though bitcoin reaches the moon.

[Nellayar]

It's scary when you notice such huge transaction takes place after 10 years, someone has been holding his nerves all this while and probably tried to withdraw at Bitcoin's peak movement in during 2017 with some set of target and then the market got crashed, I feel this person had been waiting for one more opportunity to cashout and eventually did it.

Couple of Bitcoin can secure future for most of us and not sure what this person would be doing with massive wealth he/she has accumulated all these years out of very lesser investment.

But if I were the owner of that wallet, I will still keep some bitcoins to my wallet. Because bitcoin is a valuable asset and anytime it may double up the price. Anyway, salute to the owner of that wallet. He just showed how waiting in trading becomes worthy. If I had the same amount of bitcoin today, I probably cash out some of its piece and try to put up a real business in my place. But it is just a dream only since I have no bitcoin even a single piece of it.