A Bitcoin wallet suddenly activates after 11 years

[Dunamisx]

Yet another anonymous bitcoin transaction of about 489 btc that is worth $20,000,000 million was said to occur from a domant bitcoin wallet address as reported by a tracking bot called "whale alert" with details traced to October 2010 of it last active date, this  was related to the last active date of bitcoin founder Satoshi Nakamoto on the bitcointalk.org forum in December, 2010 and such has spark many reactions and controversial views that it may be Satoshi bitcoin wallet, you could recall that the founder was last active on the forum same year the bitcoin wallet address was last active which makes it ignites lot of reactions that such could only be from Satoshi.

The last time the inoperative address was functioning,  Bitcoin was trading at a price of about $0.17. The top crypto asset by market cap has appreciated a staggering 23,150,500% during the time the address’s period of inactivity.
https://dailyhodl.com/2022/03/11/is-that-you-satoshi-over-20000000-in-bitcoin-btc-suddenly-moves-after-lying-low-since-2010/

To be sincerely with the way it looks from the above quote, one could easily believe its Satoshi haven being in possession of such huge amount as at then and from the look of the price at $0.17 btc worth placed on (hodl) over a very long time, and the wallet it was transferred into remains anonymous. who could have been smarter in doing this other than the founder himself as of then when information and technology of bitcoin ecosystem is premitive to bitcoiners.

Other views:

The most likely theory is that someone accidentally found their long-lost private keys and gained access to a massive fortune. Some are also speculating that the owner got out of jail and finally managed to cash out the cryptocurrency.
https://u.today/satoshi-era-bitcoin-wallet-suddenly-activates-after-11-years?amp

I learnt one thing, that from every rumour, there's an element of truth.
Could this truly be Satoshi's wallet?

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[virasog]

Could this truly be Satoshi's wallet?

This cannot be determined whether it is a satoshi wallet or any other big whale wallet. What spurries me that who ever is behind that wallet did not move the funds when bitcoin was 20,000$ in 2017, didn't move when bitcoin was twice over 60,000$ , so what the point in moving the coins when bitcoin is under 40,000$ ?

The details can be found here
https://whale-alert.io/transaction/bitcoin/23f998960590b7f27deb8ecc1959b3ccdf6a3762624088904d62c413acff6b38

[BlackHatCoiner]

It wasn't Satoshi, move on.

with details traced to October 2010 of it last active date, this  was related to the last active date of bitcoin founder Satoshi Nakamoto on the bitcointalk.org forum in December, 2010

Which proves what exactly? There were others mining in late 2010.

To be sincerely with the way it looks from the above quote, one could easily believe its Satoshi haven being in possession of such huge amount as at then and from the look of the price at $0.17 btc worth placed on (hodl) over a very long time

Alas if you believed every single theory on the internet, regarding this guy.

Could this truly be Satoshi's wallet?

I'm 100% sure it may be.

[NeuroticFish]

Could this truly be Satoshi's wallet?

Nope, not at all. I believe that Satoshi is smart enough to not touch all those dust inputs in his address; yet, the transaction has touched some 20 almost worthless inputs.

[hatshepsut93]

Satoshi wasn't the only person who used bitcoin in 2010, and it's really not surprising that the amount is large by today's standards, because back then it was a small amount, so maybe someone found their old wallet. If Satoshi tried to dump, it would happen on a much larger scale.

[pawanjain]

It can literally be anything.

1. Someone bought BTC back then and decided to hold it until now.
2. Someone bought BTC back then and lost the keys and surprisingly found it now.
3. Someone bought BTC back then sold the computer/drive to someone and may be someone just found the wallet now.
4. Someone was lucky enough to hack someone's computer and move the coins.
5. May be it was indeed Satoshi or one of his friends trying to move the coins.

I can keep going on but there's no point. The thing we should keep a note of is that there are people who HODL for so long.
If they can, we can too. #HODL

[jackg]

I think if satoshi were wanting to let go of their funds, this is probably how they'd do it (just send smaller fragments of bitcoin over a longer period of time to sell it off).

There were quite a few other people mining bitcoin at the time satoshi did though too and it would seem more likely that its one of those miners (since randomly discovering a wallet makes more sense than someone who's been quite silent returning).

[Oceat]

Could this truly be Satoshi's wallet?

It may be since we don't know exactly if Satoshi is a single person or a team so I've come up an idea that it was one of Satoshi's team or Satoshi himself. We can't be certain about who's the owner of that wallet but we know that it's one of the whales today and we can only speculate who's the possible owner but we can't certainly point.

One of the rumors about it might be true.

[Natalim]

The rumors can be true but never find it officially that was coming from satoshi or anyone else who buy it and hold it for 11 years. And I know nobody will claim it that was their mine to keep safe. This is not just an ordinary person, not belongs to a single person either but I suspected this the wallet compose of many individuals.

But I'm not sure this is a plan, they even miss the 2021 ATH if they wanted to sell it. So probably there is another reason for this ultimate amount of withdrawal, they might be in sharing (just my suspicion).

[bitzizzix]

It can literally be anything.

1. Someone bought BTC back then and decided to hold it until now.
2. Someone bought BTC back then and lost the keys and surprisingly found it now.
3. Someone bought BTC back then sold the computer/drive to someone and may be someone just found the wallet now.
4. Someone was lucky enough to hack someone's computer and move the coins.
5. May be it was indeed Satoshi or one of his friends trying to move the coins.

I can keep going on but there's no point. The thing we should keep a note of is that there are people who HODL for so long.
If they can, we can too. #HODL

We are all just speculation and most likely it could happen, at that time the price of bitcoin was very low and even worthless and everyone could buy it in very large quantities.
and your reasoning also makes sense, because it's possible that some of the things you mentioned happened because we all didn't know the truth and the point at that point was that anyone could own large amounts of bitcoin.

[stompix]

For poeple who claim that one of the main advantages of Bitcoin is its pseudo-anonymity some Bitcoiners do have a really weird fetish of wanting to know who is the guy owning this and that, when has he bought the coins, where is he sending the money, does he plan on selling or not, full name, shoe size,] and favorite pizza.

Seriously, stop with these, what's your business with what other poeple do? Zero! So stop it!

who could have been smarter in doing this other than the founder himself as of then when information and technology of bitcoin ecosystem is premitive to bitcoiners.

Sorry but this is not a sign of being smart.

If Satoshi wanted to use those coins ever again and he would have been in control all the time he would have split his coins into smaller sums and tumbled them to hell during bull seasons in 2011 and 2013 when poeple would have thought it was just one of the usual holders moving coins around when there wasn't that much attention on his persona and wealth not wait 11 years and then suddenly move 500 coins.

[noormcs5]

Satoshi wasn't the only person who used bitcoin in 2010, and it's really not surprising that the amount is large by today's standards, because back then it was a small amount, so maybe someone found their old wallet. If Satoshi tried to dump, it would happen on a much larger scale.

I just read this news and surprised to know this. Can anyone tell me did he tried to withdraw money into fiat or it was just a movement between the wallets.
Even if he has no plans to dump, it will certainly create some panic in the market and unfortunately people dump on the fear and buy on the hype. If that wallet belong to whales, they can very easily manipulate the market.

[Ultegra134]

Despite if it's Satoshi or not, I doubt that he is but anyway, it's outstanding that someone kept Bitcoin for that long. Who knows, was this wallet lost for over a decade and recovered just now? Was he waiting for the right moment to wake up? Was he actually holding on purpose since 2010? There are a lot of questions, unfortunately, we'll never receive the corresponding answers. I doubt about the second though, since we're way far from November's ATH, while the market isn't at its best state currently.

[SFR10]

Could this truly be Satoshi's wallet?

Nope, not at all. I believe that Satoshi is smart enough to not touch all those dust inputs in his address; yet, the transaction has touched some 20 almost worthless inputs.

That's a very good point, but the same thing can also be used to trick us ^{[having said that, because of the other output I still don't think it was him/her or them]}.

What spurries me that who ever is behind that wallet did not move the funds when bitcoin was 20,000$ in 2017, didn't move when bitcoin was twice over 60,000$ , so what the point in moving the coins when bitcoin is under 40,000$ ?

Perhaps the user in question just wanted to move his/her BTCitcoins into a better or rather more secure wallet, as opposed to exporting the private keys or other stuff...

[_BlackStar]

Do we always have to argue every time the old wallet is reactivated? I don't think it looks good because all cases like this don't belong to satoshi in the end.

You don't have to doubt anything about satoshi and his bitcoin holdings in his famous wallet, he may still be selling the bitcoin ^{[if he is still alive]} he owns from mining which we may not be able to detect his wallet. Obviously satoshi has plenty of options for that, but we don't have to argue every time an old wallet is activated. I'm pretty sure that the owner of the wallet at the OP isn't a satoshi, and I really don't think so.

[dothebeats]

People should stop the notion that any dormant bitcoin wallet from 2010 and earlier are Satoshi's. By that time, there are tens or even hundreds of people that know bitcoin, and were probably mining too just to see what the project really is. Also at that time, bitcoin can already be exchanged to fiat, so for sure there are those who tried to mine it while they can and just see what can they make out of it. It is fascinating to see that someone still has access to bitcoins of old, but do we really have to connect it to Satoshi always?

[omone1]

Whoever owns the wallet is lucky to have been part of the early days of bitcoin, If I were lucky enough, I should have been wise enough to accumulate enough bitcoin in its earliest days. I don't believe it's Satoshi's wallet.

[boyptc]

I've read about this news but I have never thought that this was Satoshi's. I don't know what's with people that have thought that with 489 bitcoin is being owned by Satoshi.

There were even people that have thousands of bitcoin and they're not Satoshi. But too bad that many of them have completely forgotten their keys and lost their hard drives.

Well, every bull run, there's always a dead wallet that comes out of its death that holds a lot of bitcoin.

[Odusko]

I read the news yesterday and I was left with a lot of thoughts, how determined the wallet owners is to have turned around $50,000 investment into almost hundred of million roller asset holding for roughly 11 years is not a small thing and the owner is indeed I steel hand Bitcoin holder. I have read quite a good number of posts about whale movement in the Bitcoin network which shows how active the network will become going forward.

[Issa56]

I don't really think it's might necessarily be satoshi wallet address, the wallet address was last active since 2010 those not mean the wallet address belongs to satoshi, the wallet address might just be for someone who bought bitcoin and decided to hold it till now and also am not saying the wallet address is not for satoshi nobody knows the owner of the wallet address, so I believe we can't just jump into conclusion.