12 years ago mined 50 Bitcoin just moved

[hZti]

Very interesting observation. What is also possible is that the person who owns the address already used up all his bitcoins and have now come to the more or less oldest ones to also use them to fund his lifestyle. I can't really think of any other reason to not touch coins for so long and then move them at this point.

[DaveF]

Very interesting observation. What is also possible is that the person who owns the address already used up all his bitcoins and have now come to the more or less oldest ones to also use them to fund his lifestyle. I can't really think of any other reason to not touch coins for so long and then move them at this point.

There are probably a lot of people who had a few hundred to a couple of thousand BTC from back then and are just slowly moving them as they need funds. Think about it if you sold 200 back in 2017 you had $4 million USD (before tax) here we are 5 years later and you can cash out another million. You can have a really nice lifestyle with that and if you are quiet about it not attract attention. And a couple of years from now you can sell another 50 for?

I don't see it as any differently then someone who back in the late 90s dumped $5000 into APPL to see what might happen an for the last 15 years has been slowly cashing out.
If you don't talk / brag about it nobody will ever know.
Except the IRS....they know.....

-Dave

[nullama]

To be honest, any miner who could have the courage to hold a bitcoin that was mine when the price was $0.5 deserve to do whatever he chose to do with his bitcoin. I mean 10 years is a big lot of time that many things have happened in the bitcoin industry. If the owner of that wallet address could import his private keys to other chains, he could also spend other coins that were airdroped some years ago.
~snip~

It's also possible that this address is just one of many. And that the miner has simply continued to sell one block reward every few years to fund life.

Remember that in 2010 it was not uncommon to have multiple block rewards if you had a PC miner running 24/7 for months.

Also, it seems that the altcoins are still there as of now: https://blockchair.com/search?q=18eXJskHRVvKrqmxD9T6K6UQ6GBC6ya2WS

[coolcoinz]

Very interesting info. I appreciate it when something like that happens . that wallet holder is really lucky . coz When he mined 50 bitcoins the price was very low but now when he transferred the bitcoins it is worth more than million dollars. But if he had access to his wallet a few months earlier ,when the price of bitcoin was over $65k he could have sold his bitcoins for 3x from present price.

You guys always think in terms of "he could've sold". Ever thought that with 9% inflation, had he sold, he would've lost about 270k USD in purchasing power and another 3k each month for as long as he keeps holding dollars? Selling because the price is high isn't always the best option. You should sell only when you're able to spend it all. Selling to hold USD makes no sense in a world where they can manipulate its price in relation to other currencies just to hide inflation from the masses. This trick is unsustainable in the long run.

I'm pretty sure some people in Turkey thought that selling at the top in 2021 was a good idea. Then bitcoin fell 70%, and they thought they made the best deal of their lives, but then inflation hit 80%, bitcoin rose 10% from the bottom and they're at a 20% loss compared to what they'd have if they just held bitcoin.

[Jatiluhung]

motivating information. I like this kind of information. because this is quite motivating and inspires me to be strong in holding my bitcoins. and 12 years is a very long time. one word that fits him who has 50BTC and kept it for 12 years is you are amazing. if it was me. then that would be a wonderful thing. it must have been hard for me to hold on for that long.

[Yatsan]

To think how that user managed to hold for this long, is something. But that depends if it is intended or if he just lost it and found recently. It is just hard to imagine how an investor would be able to overcome temptations of the past wherein prices have reached several ATHs.Reminds me of the recent article wherein an individual lost his storage containing infos or basically, containing huge crypto money. Just imagining the regret he is feeling, makes me want to treasure the small amount I am having from my investments in this industry.

[dragonvslinux]

Very interesting info. I appreciate it when something like that happens . that wallet holder is really lucky . coz When he mined 50 bitcoins the price was very low but now when he transferred the bitcoins it is worth more than million dollars. But if he had access to his wallet a few months earlier ,when the price of bitcoin was over $65k he could have sold his bitcoins for 3x from present price.

You guys always think in terms of "he could've sold".

So far apart from 0.5 BTC "likely" sold, or at least gone elsewhere, 49.49 BTC simply moved to this address and remains unspent as of posting: bc1qyzpja5m72nvzhg6meldyk28sfhel2ktv9f956z

Note it's a native segwit address. This could just be another story of a old school miner moving coins to a hardware wallet for example while selling 1% on the way.

[BitDane]

To have 50 bitcoins untouched for so long requires patience. And money too, because I can't imagine someone having trouble making ends meet and having 50 bitcoins untouched. Another possibility is someone who somehow lost their private keys and found them again or something like that.

Or he probably forgot that he mined Bitcoin years ago, dump his PC somewhere on the attic when he upgrade, and realized that he had some BTC on the stash that he mined 12 years ago.  Look for his hardrive and took time to decipher his wallet password since he forgot where he save the keys to it.

It's always the same with Satoshi. When old bitcoins are moved, there is always speculation that it is him, but I don't think he is going to touch the first bitcoins he mined.

I do not think that the person is Satoshi, I think he is some random guy who happen to mine BTC for fun and forgot about it.

[MinoRaiola]

An important realization: These Bitcoins are not lost and perhaps many more are not lost. The owner maybe have more addresses. These coins were "marked" as lost, now they are not. I would like to know if it was a coincidence or if someone really kept his coins for such a long time. He now owns more like 3 addresses, but it could be 30? We will probably never know.

[smartaction]

~snip~

Not only 3x I think could sold more than 3x from present price . If you look the previous history of bitcoin then you will see how  bull-runs have taken after each bearish market. According to many market analysis, the next halving will start in mid-2024 and the price may reach close to 100k.  So I would like to say  him to hold well for some more time.

It could also be that he did not have access to the wallet at that time . Or he didn't have about this Bitcoin in mind. Or it may be that one has inherited this wallet from his/her parents or other family members. And the current owner is using it . i am not sure about it but But sometimes I feel like that, it can be happen

[rojan]

Very interesting info. I appreciate it when something like that happens . that wallet holder is really lucky . coz When he mined 50 bitcoins the price was very low but now when he transferred the bitcoins it is worth more than million dollars. But if he had access to his wallet a few months earlier ,when the price of bitcoin was over $65k he could have sold his bitcoins for 3x from present price.

This is a very surprising event.  But if Bitcoin goes to $65k again someday he can sell them if he wants.  If you sell now, you will get the market price.  If you sell after a few days, you will get more than that.  That will have to wait.  Bitcoin market will improve very soon. Till then market condition will be seen.

[Accardo]

The profit is huge imagine from 50 cent to $1 million, Hodling Is the only sure method on cryptocurrency. I think he had something else that consumed his time that made him not to focus on selling his bitcoin even when the price hit 60k. One other criterion that energises Hodling bitcoin is the access to different earnings or income. Like I said, he could be a business man.

[smartaction]

Very interesting info. I appreciate it when something like that happens . that wallet holder is really lucky . coz When he mined 50 bitcoins the price was very low but now when he transferred the bitcoins it is worth more than million dollars. But if he had access to his wallet a few months earlier ,when the price of bitcoin was over $65k he could have sold his bitcoins for 3x from present price.

This is a very surprising event.  But if Bitcoin goes to $65k again someday he can sell them if he wants.  If you sell now, you will get the market price.  If you sell after a few days, you will get more than that.  That will have to wait.  Bitcoin market will improve very soon. Till then market condition will be seen.

Until recently he did not have access to this wallet due to which he did not transfer or sell these bitcoins but now that he has access to these bitcoins it is now very difficult for him to hold these bitcoins. it is huge number of amount . and now it will push him to sell his bitcoin with million of dollars he he.

[|MINER|]

~snip~

Well, according to your words, if I assume that he did not have access to his account, then how did he access now ? I don't think this could be the cause . I think he is a long-term holder .And I also think that as we already saw he has been able to hold for so long, waiting for another bull-run is not a big deal for him.

[masterrex]

Wow, thats amazing and very interesting holding story, Just Imagine 12 long years of holding and waiting for that 50 bitcoin to remain untouched, it's pretty hard because it's tempting to see the BTC price spike at 69K but still, he doesn't but just recently it was moved, Anyway whoever the owner of that address he has truly possess a diamond hand and congratulations your 0.50 cents in 2010 is worth more that a million dollars right now!

[ololajulo]

What I find really interesting about this and similar historical Bitcoin which havent
moved is that the owners are and were able to HODL for so long through the various highs
we have seen, notably the recent $69,000 high.

I like also how a move like this generates a lot of speculation, I wonder if the owner is on the
forum looking at this thread?

Who knows what the reason for this move is, it could be any number of reasons.

My only curiosity lies in the time of movement. if he didnt move for 12 years and didnt sell at ATH up till 50k why moving now. Actually there are no assurance he is selling, no indication that he moved the coin himself as well and no reason known to profit more now. Do we have any staking platform for bitcoin at the moment?

[nullama]

Wow, thats amazing and very interesting holding story, Just Imagine 12 long years of holding and waiting for that 50 bitcoin to remain untouched, it's pretty hard because it's tempting to see the BTC price spike at 69K but still, he doesn't but just recently it was moved, Anyway whoever the owner of that address he has truly possess a diamond hand and congratulations your 0.50 cents in 2010 is worth more that a million dollars right now!

It can also be the case that those coins were mined and are just one of many addresses that hold 50 btc, which was the reward at the time.

This could be someone that is slowly selling btc to live a nice life over time. It's not necessarily all the coins they have.

[Peanutswar]

I thought it is you OP mined with those, well btw it is all about the trust of the holder with the bitcoin and of course you will grab the opportunity to have this now, as always the history repeat itself so we can make a bitcoin and hold for a long term at the same time and those holding will become profitable as a reward for holding. Currently accumulation now a coin is ideal and make a wait for the next halving.

[TelolettOm]

btw. it wasn't me  

Oh my..
No matter, sharing this to others may also rise up the spirit and also a willingness to many more people to focus on Bitcoin. We know how the power of Bitcoin, the power of holding. Well, I can't imagine if I were the person, being very rich. But, we have earned whatever we should earn. Mining Bitcoin was very potential and promising. But now, it is complicated and has high costs.
Now, what we can do is do our best for our best life and experience, if we cannot make a similar experience as the person, we can try our best by trading or investing in Bitcoin, being patient and waiting until Bitcoin makes its price ATH again, more than ATH and skyrocketing.

[AmoreJaz]

I thought it is you OP mined with those, well btw it is all about the trust of the holder with the bitcoin and of course you will grab the opportunity to have this now, as always the history repeat itself so we can make a bitcoin and hold for a long term at the same time and those holding will become profitable as a reward for holding. Currently accumulation now a coin is ideal and make a wait for the next halving.

good thing the owner still remembers all the password or keys for that particular address. most already forgot or wiped out their hard drives, and now they are regretting they sold or thrown their HDs. that's a very lucky owner out there. enjoying his bitcoins, which, he never thought will be this valuable today.