Lucky BTC Holder Activates Bitcoin Wallet with $17.4 Million After 8.8 Years Fac

[Leviathan.007]

On September 22, a bitcoin wallet was activated after 8.8 years, according to information shared by the blockchain service Whale Alert.
Another Satoshi-era wallet activated
The wallet contains 400 Bitcoins. Back in 2012, this amount of BTC was worth $4,335. Now, the fiat equivalent of this crypto amount has surged 4,020 times and constitutes $17,427,633 at the current Bitcoin exchange rate.
Whale Alert tracks down large amounts of cryptocurrencies transferred between blockchain addresses.
Earlier this week, another dormant Bitcoin address was activated after spending 8.8 years in dormancy. That Bitcoin wallet contained 616 BTC worth $29,470,042 at the BTC exchange rate on Monday. Back in 2012, those 616 Bitcoins cost $6,667


Source: https://u.today/lucky-btc-holder-activates-bitcoin-wallet-with-174-million-after-88-years

[Kong Hey Pakboy]

Lucky doesn't give him that much credit, I think that the hodler deserves every ounce of it if he was aware of the address after all this time. In my opinion, it's likely that he believed in bitcoin and that it will grow in the near future and that faith paid off.

[worle1bm]

On September 22, a bitcoin wallet was activated after 8.8 years, according to information shared by the blockchain service Whale Alert.
Another Satoshi-era wallet activated
The wallet contains 400 Bitcoins. Back in 2012, this amount of BTC was worth $4,335. Now, the fiat equivalent of this crypto amount has surged 4,020 times and constitutes $17,427,633 at the current Bitcoin exchange rate.
Whale Alert tracks down large amounts of cryptocurrencies transferred between blockchain addresses.
Earlier this week, another dormant Bitcoin address was activated after spending 8.8 years in dormancy. That Bitcoin wallet contained 616 BTC worth $29,470,042 at the BTC exchange rate on Monday. Back in 2012, those 616 Bitcoins cost $6,667


Source: https://u.today/lucky-btc-holder-activates-bitcoin-wallet-with-174-million-after-88-years

I have also read about the same and there are past instances also of early dormant wallets rising up from the graves and transferring bitcoin to some other addresses and moreover they are once again connected these transfer to Satoshi story to have the interest among readers.But whales are always moving bitcoin like when the prices surge higher and it's not the first time.But this time the transactions have substantial rise and containing lot of bitcoins worth million dollars now which is surprising.

[hitsnorth]

That's the opposite of "pizza man". Man deserves all the profits he got!

[Artemis3]

I guess i would move those coins to a modern cold wallet (ie. Segwit, etc). Maybe have a very small amount for daily use in a hot wallet.

Someone successfully got their retirement plan, for trusting a little anonymous cyberpunk when most people didn't. Congratulations!

[Woodie]

It does not get better than this and by the way 8.8 years is a long time,  someone would have lost their private keys to this wallet and lost all the lost treasure and there might have been a possibility of not remembering where the keys were stored. This BTC holder depends a pat on the back for keeping the keys safe and sound,  enjoy your crypto stash.

Am just wondering, was he a legit hodler or he just happened to find some keys in his storage and opened his treasure chest...

[DapanasFruit]

I am wishing that I am this Bitcoin owner who must have forgotten all of his stash and not have found the keys to be able to transfer the funds therein. Indeed, this must be a very lucky man in the sense that he was not enticed to sell his Bitcoin back in the days when the fiat equivalent was not yet millions. It would be interesting to watch on what he would do with his riches.

[electronicash]

he must have lots of BT which he stored them in many addresses. this could be just his one address with just 400 or 600 btc in it but he could have more.  it pays to be an early investor.

you can do alot with 400BTC, do you think he is dumping his coins or trade or invest to new projects?

invest to new project if its mine.

[Timelord2067]

I would imagine that there will be similar stories from more modern times of people squirreling away a few thousand dollars worth of bitcoin now (probably in paper wallets they forgot the location of, or, hardware wallets they forgot the passwords to) and, in years to come, those coins will have matured into tens of thousands of dollars worth of BTC.

[pjwaffle]

On September 22, a bitcoin wallet was activated after 8.8 years, according to information shared by the blockchain service Whale Alert.
Another Satoshi-era wallet activated
The wallet contains 400 Bitcoins. Back in 2012, this amount of BTC was worth $4,335. Now, the fiat equivalent of this crypto amount has surged 4,020 times and constitutes $17,427,633 at the current Bitcoin exchange rate.
Whale Alert tracks down large amounts of cryptocurrencies transferred between blockchain addresses.
Earlier this week, another dormant Bitcoin address was activated after spending 8.8 years in dormancy. That Bitcoin wallet contained 616 BTC worth $29,470,042 at the BTC exchange rate on Monday. Back in 2012, those 616 Bitcoins cost $6,667


Source: https://u.today/lucky-btc-holder-activates-bitcoin-wallet-with-174-million-after-88-years

I read a lot of things like that really he/she is very lucky and has become a millionaire. The thing that always makes me think is why don't we learn to invest wisely like them. this is like saving money and in 10 years we will have a huge savings account. It's an idea I'm working on right now.

[passwordnow]

Congratulations to whoever they are. They deserve the profits that they'll take if ever they're about to sell a few of it. Well, they should really be enjoying those profits after holding for a long time and also by being as an early investor. It's not that easy to be an early investor because they've believed on bitcoin during those times and there were a lot of backlashes and FUD as well way back then. It's not about luck but it's about how they've believed and understood the promising future of bitcoin.

[MIldic1c]

This is the wealth he deserves. He gave up money and chose time. The best answer that time gave him was huge wealth. Every one of us should have diamond hands. Wealth is small. We can only exchange wealth with time!

[isabellel2]

All of us will have a lucky day but not knowing when that day is undetermined. and this is really a great thing for lucky BTC holders after 8.8 years of storage. I hope in the future the next lucky person will be me because currently I invest and hold a lot of potential coins. I hope one day I will become a millionaire.

[dothebeats]

Props to them for remembering that they have bitcoins all along, and for still knowing how to access it and tinker with it. Or perhaps they just held on to those coins all along and was only waiting for the right time before they unlock it and transfer it to another address that they control. Whatever the case is, that's a thousand bitcoins out of the so-called 'void' since we already saw movement for those coins, and it now belongs to the ecosystem again.

They can call it quits now if they are already okay with $17m and know how to control their assets. If I was in that position, perhaps I'll just take a few million and use it, and the rest I will again keep and forget for another 8 years.

[wissy]

It would actually be better for many people to loose their wallets or private keys for years, we are using our emotions too often which leads to selling stuff too early. Sometimes i wish i would be able to forget about crypto for 5 years and come back then.