Bitcoin wallet from Satoshi Nakamoto era activates after 9 years

[btcwish1]

A veteran bitcoin wallet with hundreds of BTC is suddenly activated after 9 years. The intention is still not clear and not sure how it will affect the upcoming price!

Source: https://www.msn.com/en-gb/money/technology/bitcoin-wallet-from-the-satoshi-nakamoto-era-suddenly-activates-after-9-years/ar-AAOGFxO?ocid=mailsignout&li=BBoPWjQ

[1715419504]

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[amishmanish]

This isn't really that much though. 616 BTC or nearly 30 million is pretty much a drop in the ocean in today's crypto sphere of billions of TVL and trading volumes.

Let us talk about it when its atleast a few 100 million or a billion. The only exciting thing about is that the owner decided to move the funds. It will be very interesting to follow through to what an OG decides to do in these very changed times compared to when the bitcoin were first acquired. Would he lock them into some lending platform, going to buy some million dollar NFTs or just plain deciding to cash out and retire.

I doubt it'll be possible to trace or identify where the funds end up but that would tell anybody a lot about what is going to be the next big thing in crypto.

[ChiBitCTy]

God damn why couldn't I have been around during those days or even have just heard about bitcoin a year or two earlier.  You always have to wonder though when things like this happen what is exactly going on and who is behind it.  More than likely it is someone's wallet who is already extremely wealthy and didn't care to do anything with the coins or it is someone who lost the coins and just found them...either way, luck mofo's.

[BitMaxz]

How did you know that the transaction being made is from Satoshi Nakamoto?

I tried to check the transaction and get the address I couldn't find it here on the forum no one seems to know this address.

So how are you sure that it was Satoshi who made the transaction?

[SFR10]

@btcwish1
I have to disagree with the headline of that article and the one on the subject field ^{[Satoshi era]}.
^{- Satoshi's last forum activity was at the "end of 2010" while the owner of that address acquired those BTCitcoins at the "end of 2012".}

The intention is still not clear and not sure how it will affect the upcoming price!

Despite moving it to a new address ^{[after two transactions]}, it doesn't look like he/she wants to sell those ^{[at least for now]}!

[Darker45]

The only interesting thing about this is that the owner most likely has diamond hands. And he/she is worth emulating. That's my assumption because he/she hasn't touched his/her Bitcoin for almost a decade, at least his/her Bitcoin in a particular wallet. Other than this, no big deal.

That amount is only 616 BTC. It surely won't shake the price much. Bitcoin has tens of billions in daily volume. El Salvador alone acquired 700 BTC in a matter of days.

If you follow Whale Alert on Twitter, you will see that it is rather common for hundreds of BTC to move from one wallet to another. As a matter of fact, just 55 minutes ago:


https://twitter.com/whale_alert/status/1440655381668106250

[mk4]

How did you know that the transaction being made is from Satoshi Nakamoto?

I tried to check the transaction and get the address I couldn't find it here on the forum no one seems to know this address.

So how are you sure that it was Satoshi who made the transaction?

The article says "Satoshi Nakamoto era" because the coins in the wallet are apparently 9 years old(you know, the early days); not necessarily that the coins are Satoshi's.

[Tytanowy Janusz]

A veteran bitcoin wallet with hundreds of BTC is suddenly activated after 9 years. The intention is still not clear and not sure how it will affect the upcoming price!

Source: https://www.msn.com/en-gb/money/technology/bitcoin-wallet-from-the-satoshi-nakamoto-era-suddenly-activates-after-9-years/ar-AAOGFxO?ocid=mailsignout&li=BBoPWjQ

Clasic fund news. Who cares? By the way ... "activates after 9 years" ... means it was last active around 2012? Satoshi disapeared in 2010. 2 years before. Satoshi last post on bitcointalk was on: December 12, 2010, 06:22:33 PM. So they are not Satoshi era coins. Satoshi era coins are coins 11-12 year old.

"not sure how it will affect the upcoming price!" - 600 BTC is nothing. It will not move price in any direction.

[Lucius]

"not sure how it will affect the upcoming price!" - 600 BTC is nothing. It will not move price in any direction.

Not even 10 times as much would mean anything when it comes to price. But if, say, those 600 BTC ended up in the hands of someone famous like Bezos or Gates, it would already mean that a massive FOMO train would start. Saylor regularly buys BTC in the thousands (5050 BTC 10 days ago) and almost no one considers it anything positive anymore.

[DapanasFruit]

I am sure the owner of this wallet is delighted on how his decision to move his Bitcoin has landed on the news...and how he remains to be anonymous until now despite some good people searching and researching the web for some possible association. How his Bitcoin would end up...whether they would be sold to an exchange can be exciting to follow and watch. I am hoping he can also be a member of this forum so he can read this thread dedicated to him (am assuming that he is male though there is no stopping the possibility the the owner can be a she).

[masterrex]

IMHO, I believe it's not that big to cause a dump, in Bitcoin price, the market can handle it, for sure, Anyway, if those dormant wallets were suddenly activated by now it means the owner is still alive and kicking Imagine those Bitcoins was sleeping in the old wallets for nine years that's long enough for me I believe the owner of that Bitcoin is rich.

[Yaunfitda]

A veteran bitcoin wallet with hundreds of BTC is suddenly activated after 9 years. The intention is still not clear and not sure how it will affect the upcoming price!

Source: https://www.msn.com/en-gb/money/technology/bitcoin-wallet-from-the-satoshi-nakamoto-era-suddenly-activates-after-9-years/ar-AAOGFxO?ocid=mailsignout&li=BBoPWjQ

Lol, no one knows if this is Satoshi's wallet or not. It could have been a early bag holders who just decided to touch his coins for the first time. Or someone who forget all about it, find his private key.

In any case, if this is just hundred of bitcoin, it wouldn't put a dent on the market right now. We are already huge, trillions worth and billions of transactions. But if you look at the price right now, we have rebounded again to $43k, so if there is an effect, it's a positive one.

[bL4nkcode]

Lol, no one knows if this is Satoshi's wallet or not. It could have been a early bag holders who just decided to touch his coins for the first time. Or someone who forget all about it, find his private key.

In any case, if this is just hundred of bitcoin, it wouldn't put a dent on the market right now. We are already huge, trillions worth and billions of transactions. But if you look at the price right now, we have rebounded again to $43k, so if there is an effect, it's a positive one.

It's not about if it's satoshi or not, or if it will affect the price after those activity or not (it just a personal wallet transfer imo, not to an exchange), it just that the owner of this address is somewhat good at holding, so patient which people could learn from.

Also, it's a transfer of $26 millions that only cost a fee of cents, imagine if it's from a bank, it would cost hundred of $ or thousands for the fees.

[Ararbermas]

A veteran bitcoin wallet with hundreds of BTC is suddenly activated after 9 years. The intention is still not clear and not sure how it will affect the upcoming price!

Source: https://www.msn.com/en-gb/money/technology/bitcoin-wallet-from-the-satoshi-nakamoto-era-suddenly-activates-after-9-years/ar-AAOGFxO?ocid=mailsignout&li=BBoPWjQ

if already stored, perhaps it cannot make an impact in the market because it's counted in my personal opinion.. And by the way what do you mean activated?. is that possible to happen wherien hard wallet can be deactivated? So it means that the bitcoin that is safe from the volatility and corrections in the market since its not actived? just asking because you know i don't have such knowledge about such things. Lol 

[Shenzou]

I mean this could be either a coincidence where someone has stumbled upon his long lost wallet in an old hardrive that he forgot about, or it could also somehow related to satoshi himself and these are some funds that he had hidden away, and now was the time for him to use it, but we can't really tell for sure and with this amount related to one individual i am pretty sure that they will be under the radar.

[LTU_btc]

How did you know that the transaction being made is from Satoshi Nakamoto?

I tried to check the transaction and get the address I couldn't find it here on the forum no one seems to know this address.

So how are you sure that it was Satoshi who made the transaction?

At first glance I missunderstood thread title too. I thought that Bitcoins from Satoshi wallet moved, but it's just a wallet from Satoshi era, it doesn't means that Satoshi owned it.
And as @Tytanowy Janusz pointed out, title is misleading. Satoshi disappeared back in 2010, while last activity on this wallet was in 2012. So, definitely not Satoshi era.
And 616 BTC is a lot of money, but picture of whole market, it's not something significant.

Also, it's a transfer of $26 millions that only cost a fee of cents, imagine if it's from a bank, it would cost hundred of $ or thousands for the fees.

Not necessarily. Many banks have fixed fees, irrelevant whether you send $10 or $26 millions. But I imagine how many AML papers you would have to fill to move so much money .

It may be that Satoshi Nakamoto's paper wallet was stolen by a thief.

There is no reason to think that this wallet may belong to Satoshi Nakamoto.

[Tybi]

A veteran bitcoin wallet with hundreds of BTC is suddenly activated after 9 years. The intention is still not clear and not sure how it will affect the upcoming price!

Source: https://www.msn.com/en-gb/money/technology/bitcoin-wallet-from-the-satoshi-nakamoto-era-suddenly-activates-after-9-years/ar-AAOGFxO?ocid=mailsignout&li=BBoPWjQ

What is one of the main reasons Satoshi Nakamoto Bitcoin Wallet is activated after 9 years. Many have said that Satoshi Nakamoto is not alive, but who or what activated his account. What to do to activate his account There will be no bad impact on the bitcoin market?

[Kavelj22]

IMHO, I believe it's not that big to cause a dump, in Bitcoin price, the market can handle it, for sure, Anyway, if those dormant wallets were suddenly activated by now it means the owner is still alive and kicking Imagine those Bitcoins was sleeping in the old wallets for nine years that's long enough for me I believe the owner of that Bitcoin is rich.

26M $ is not a significant amount of bitcoin to drop the btc price. Some big companies/countries bought hundreds of btc in one day without dropping the price. I think it's a personal transfer and has nothing related to Satoshi or his era according to the transaction history of that old address. The topic title is misleading.

[V-t.Ester]

It is not the first time when old wallet is activates, however, every time when this happens smb in mass media says: “Oh, it is Satoshi!”. Come on! Only 616 BTC! Sure, its huge amount for such an ordinary person like me, but not for whales.
Here ( https://bitinfocharts.com/top-100-dormant_9y-bitcoin-addresses.html ) you can see the Dormant Bitcoin wallets with really HUGE amounts of BTC. Probably once will be activated the wallet with 79 957 BTC (inactive 9 years). But again, that won’t mean that this is Satoshi’s wallet.

[mk4]

26M $ is not a significant amount of bitcoin to drop the btc price. Some big companies/countries bought hundreds of btc in one day without dropping the price. I think it's a personal transfer and has nothing related to Satoshi or his era according to the transaction history of that old address. The topic title is misleading.

Facts. But really, a lot of people are dumb— those people who will immediately dump when a bad news comes. All they know is that "an old wallet that might be Satoshi" is dumping bitcoin; ignoring the fact that the amount is freakishly low to actually move the markets.