12 years ago mined 50 Bitcoin just moved

[Drawesome]

She just found her old pen drive when changing some furniture.

[The Cryptovator]

Mystery again. Who knows if this is Satoshi Nakamoto? Or it may anyone who knows Satoshi, those who mine Bitcoin earlier might familiar with Satoshi or it's Satoshi himself. Is that the reason recent dump? Or just I am wondering this? Anyway, 50 Bitcoin is a big amount even at the current rate. Believe the wallet isn't on the wrong hand.

[worle1bm]

There are many such movements where we see that bitcoin mined in early days of launch were moved having good amount of btc in them but that does not directly indicates that it's SN doing so because there were many early miners like Laszlo who were there along with him.But the amount is huge and he is lucky enough to hold for all these years so see how much he is worth now after all those years.

[nullama]

There are many such movements where we see that bitcoin mined in early days of launch were moved having good amount of btc in them but that does not directly indicates that it's SN doing so because there were many early miners like Laszlo who were there along with him.But the amount is huge and he is lucky enough to hold for all these years so see how much he is worth now after all those years.

I think it's most probable to think that these coins do not belong to SN, they most probably are from an early miner from 2010 when they could do that with a PC. And then they're just using their coins slowly over the years

[DapanasFruit]

Wow...after 12 years the Bitcoin contained with that address finally showed some life and made a transfer. Whoever is the owner of this good volume of Bitcoin can now think of a good life ahead for himself and his family and if he can choose to reside in a good Asian country like where I am then he can be living like a king. It is quite interesting that although we might not be able to discover the real owner of this address...we can be able to track its movement.

[nullama]

The patience of the owner was really strong and all the holding he made surely made him millionaire today. Surely, this is the power of holding and this means holding is the way to make rich in the industry. Imagine moving millions of assets only costs small fees, this is why bitcoin will replace payment system big time in the future. Congratulations to the owner, HODL is GOLD it is.

It was 50 Bitcoins so it was probably a miner, and at that time it was way easier to mine, so it's probable that this person had multiple addresses with 50 Bitcoins each.

If that's the case then he could just been using those other addresses over time to fund a great lifestyle. We simply don't know if he just waited or kept using other coins over time.

[mindrust]

Interesting, thanks for sharing.

I wonder why they're still using an older address(the ones that start with 1 or 3), and not a new one (the ones that start with bc1).

My guess is that this is someone that found an old miner PC or something like that, and moved the coins around using the same configuration/wallet.

A person with that many coins don’t really care about the transaction fees I guess… I don’t think there are any other advantages of using the new bc1 addresses.

Whoever he is, maybe he just decided to get retired. Or maybe he thinks crypto will go down down more and $1m is still capable of buying lots of stuff nowadays. Sure he missed the chance to get $3m but $1m is still better than $500k (just an example)

[alllballls]

LOL. Me and the wife have had a very enjoyable time reading about this transaction. Thanks, all. We are not (knowingly) Satoshi Nakamoto.

Pro Tip: Never, ever throw out your hard drives.

[Hamza2424]

Haha, interesting, i was thinking what if I got familiar with Bitcoin in the early days, do I had enough patience to hold till now, I can say with higher confidence that no one of us could have resisted more than a cycle and sold all we had, TBH control greed to not sell is possible in just scenario in which we could have lost the key to Bitcoins and suddenly one found it by luck then you can say we could have made millions but that not the reality most of the early adopters sold their coins years back, very rare to find those people who are still holding and alive.

The maximum of the average community could have serviced till 2016 but if someone is sticking from that even if sold on that time surely is more familiar with Bitcoin's reliability and still, he could have prepared himself for this cycle more efficiently with greater accumulation. Even though I was aware of the targets back in 2023 for the next cycle still I think I haven't prepared well for the accumulation. Becasue I did invest only a small portion of the amount haha as a student this amount is also very big for me but now I o realize I could have took more risk to invest the 2x of my current holding.