The Dormant Address have been woke up, Are you worry?

[blue Snow]

https://twitter.com/search?q=dormant%20address%20%23BTC&src

I actually don't care about this because for me btc price will always fluctuate for various reasons. But when I look at this, maybe a bit worried, I don't know how many people in 10 years ago still own a lot of Bitcoin until today and sell it at the same time. So What you're though?. why are they selling it now, and not on ATH acouple years ago?.

[1714745823]

1714745823

[1714745823]

1714745823

[1714745823]

1714745823

[Nwada001]

https://bitcointalk.org/index.php?topic=5449753.msg62130052#msg62130052
We have a similar things discussed on the above threads, Those holders all waking up at the same time, in this bearish market, since they are not actually moving all their crypto to an exchange account i don't think their is anything we should worry about.

[LoyceMobile]

What are you afraid of? A coordinated large sale from the Bitcoin whale club after holding for 12 years? That doesn't seem very likely to me.

[_act_]

why are they selling it now, and not on ATH acouple years ago?.

Only the whales can know why they are selling now.

But we do not need to be afraid of anything because even if some whales sell, a time is coming that many people will buy and the price will rise again.

When bitcoin is not yet maturn up to this, bitcoin still continue to increase.

[BIT-BENDER]

I am not scared at all about the development, they are smart investors, had those amount of bitcoin and probably saved it up somewhere safe, and then are okay with the profit they have made so far.

You can just assume they wait for another all time high, they have been saving those bitcoin for year and high chances they have seen several all time high and even lows, in summary they have all made good profits from their investments and are ready to reactive those wallet.

In terms of if it would affect the market, it would to a degree but it won’t be something to worry about, there are lots of accounts like that, that’s how popular bitcoin is.

[michellee]

I'm not too worried about it and am still calm. The owner wants to wait for the next bull run to ensure his bitcoins are ready to take huge profits.

Why should we care about a wallet containing a large number of bitcoins? I think the owner also doesn't want to sell it at a low price, let alone dump it because it won't make him get a big profit even though, at the current price, it's still a big profit.

We don't need to think about wallet owners with many bitcoins because that's none of our business. We have to pay attention to how we can also have a lot of bitcoins.

[Eternad]

https://bitcointalk.org/index.php?topic=5449753.msg62130052#msg62130052
We have a similar things discussed on the above threads, Those holders all waking up at the same time, in this bearish market, since they are not actually moving all their crypto to an exchange account i don't think their is anything we should worry about.

It’s normal that they will not send their balance on exchange directly because they knew how big their recovered Bitcoin.This user will obviously use mixers to maintain their privacy before they will send their token on exchange. I’m sure the owner of this wallet know the existence of whale alert bot and everyone is watching on their wallet movement.

I will do the same if I will be an owner of this kind of huge BTC to stop the public eyes that looking on my asset. But this kind of transfer is nothing to be worried and we all know that there’s only wallet that can cause havoc in crypto once become active again and that is Satoshi. 

[dragonvslinux]

But when I look at this, maybe a bit worried, I don't know how many people in 10 years ago still own a lot of Bitcoin until today and sell it at the same time. So What you're though?

For reference sake, there was a larger dormant address that woke up near the lows at $16K, also to presumably dump Bitcoin. It's not uncommon to see this sort of activity in bear markets.

Maybe it's not common knowledge here, but dormant addresses waking up to dump coins near the lows is also relatively common, for example the 2018 bear market lows with 5-7 year old addresses.

why are they selling it now, and not on ATH acouple years ago?.

If you consider that this whale bought 1K Bitcoin for $7 back in May 2011 for $7K, then they are still up 400,000% with it being worth $27.5m 

Sure it was worth over $60m at ATH, but $27.5m is still a lot of money from a $7K investment, so I wouldn't say they are missing out on major gains here. 600 BTC was otherwise left in the wallet, so seems like someone wanted to cash out 40% after such incredible gains. Probably they thought they might as well retire with $10m if I had to guess, but also keep the majority of their holdings.

[SquirrelJulietGarden]

See the total photo for total value of 1,000 BTC that is about $27,500,000.

In terms of if it would affect the market, it would to a degree but it won’t be something to worry about, there are lots of accounts like that, that’s how popular bitcoin is.

It won't affect Bitcoin on the market. Because if total trading volume in the last 24 hours is $15,759,266,859 which is considerably bigger than value of 1,000 BTC from that address.

Is selling pressure of 1,000 BTC from old era (12 years ago) is bigger than selling pressure of 1,000 BTC in 2020 or 2023? They are the same amount of BTC and the same in value. Only mentally weak people think that it might create some big impacts on the market.

[BeManga]

https://twitter.com/search?q=dormant%20address%20%23BTC&src

I actually don't care about this because for me btc price will always fluctuate for various reasons. But when I look at this, maybe a bit worried, I don't know how many people in 10 years ago still own a lot of Bitcoin until today and sell it at the same time. So What you're though?. why are they selling it now, and not on ATH acouple years ago?.

IMHO there is nothing to be scared of , Bitcoin already have good foundation not only thru online even thought they start selling some user will be happy to buy it

[MainIbem]

You don't need to be worried about the transfer, I think they invested at due time and feeling to sell their investment after long awaiting period. Just as we do say over here about choosing investment plans, from the images above I can see they are all long term investment and not short term; That is even enough for one to sell but maybe they couldn't have patient of waiting any longer or they have this feelings of change their storage to other well secured wallet.
You need not to be threaten over the sudden move. However, transferring bitcoin from one wallet to another wallet isn't prohibited.

[pawel7777]

Those holders all waking up at the same time, in this bearish market, since they are not actually moving all their crypto to an exchange account i don't think their is anything we should worry about.

This, if they held through the ath of nearly $70k, it's not very likely they'll be selling at sub $30k. Even if they were to do it, they'd probably do it slowly, to get the best value out of it.
Of course, it's also possible that those bitcoins will end up on an exchange, but in the worst case scenario, it could only cause some dent in the price, but won't have any significant long-term impact.

The only implication is that some of the analysts would have to re-consider how the bitcoin free float is calculated (bitcoins that are available for trade), maybe excluding coins that have been sitting idle for a few years is not the best approach.

[franky1]

if someone sells 1000coins.. well good.. yes it can cause some temporary price drama.. but the beter part is the long term view. those coins no longer have a realised value of $4-$15 each but $27k each where the new buyer wont want to sell for less than $27k thus those coin are no longer in a pot of participants wanting to sell down the market

yep selling is good as it re adjusts coins realised value to new higher amounts. meaning less people with coins worth single digits.
.. and ironically to say, after all i too have coins from 2012 era but im not selling yet nor ever want to sell too low.. but i do appreciate when other do sell. because thats less other people willing so sell cheap meaning it lessens the chances of willing participants enmasse wanting to sell down to single digits thus less pressure to lower the price to ever go down too low

[LFC_Bitcoin]

Sometimes whales have been known to do this to spook the market. They then short bitcoin hard.

I’m not remotely worried, it could be any number of other random things like people moving bitcoin out of old paper wallets and into cold storage. It could be the Fed selling Silk Road coins, I know they have been talking about that recently. It could be people getting out of jail maybe and now selling. Could be MtGox coins being sorted. It’s nothing to worry about.

[DooMAD]

If it's not your address, it's not your concern.  It's a simple enough concept.  What business is it of yours if someone decides to move their funds after a period of inactivity?  None.  People need to focus on looking after their own wealth and leave others to do the same.

If it were your money, would you appreciate it if random people on a forum were commenting and speculating about it?  Provided there's no ties to a hack/theft/scam/etc, then there's absolutely no reason for anyone to be keeping tabs on these funds.  Leave them be.

[Jawhead999]

Maybe that's address is controlled by one of WO gang in this forum and he's currently laugh after read this thread

There's no proof if the owner behind the dormant address is send it to exchange, it's possible if the owner just send to other wallet. But assuming if the owner sold his coins, the situation might be similar like something happen in his life and he really need to use huge amount money, so he has no choice except sold his coins.

[Lucius]

I actually don't care about this because for me btc price will always fluctuate for various reasons. But when I look at this, maybe a bit worried

Why this thread then? Are you trying to get merits or fill a sig campaign quota?

I don't know how many people in 10 years ago still own a lot of Bitcoin until today and sell it at the same time. So What you're though?. why are they selling it now, and not on ATH acouple years ago?.

Who says they sell at all? If I decide for some reason to move my BTC from about ten years ago to a new address, does that mean I want to sell them? Even if the coins in question end up on some CEX, it does not mean that they will be sold, and even if they are sold, do you even know what a few thousand BTC means in the total daily volume?

[Similificator]

Kinda scary, yes. But not to an extent that would make any sane person get rid of his holdings. Besides, there can be many reasons as to why these investors are moving their Bitcoins only now after all this time like going for a more secured storage, dividing their coins on different wallets, getting prepared early for the upcoming halving, etc., etc. And even if one of the reasons is selling, it would be their loss in the long run. That is, if you aren't a trader that overleverages. Also, thinking about these hoarded Bitcoins being able to get circulated again is actually a great thing for Bitcoin.

[BD Crypto]

Not only these wallets but also there are a lot of big whales who are holding Bitcoin in a large number and they know that Bitcoin will again touch new ATH. So there is nothing to worry and we should welcome those users who backed to us with their dormant addresses. If they sell a little bit then many are here in crypto market to grab Bitcoin in a low price. So practically it's a good sign for Bitcoin and the holders. Hope they will keep holding and don't sell it in this bear market.

[btc_angela]

Don't know, maybe we have to look back as far as 2017 to see that there are a lot of wallets that is dormant then suddenly woke up and moving their coins around. So not sure what is the difference of wallets that has been moved in the last couple of days.

And that is the thing with this twitter account that monitors dormant addresses, nothing is wrong with them. Except for the fact that when someone interprets it as something that is bad. On the other hand, we should be glad to see that millions amount of bitcoin has moved with what? less than 5 dollars and because you have total control of your money as compare to banks wherein when you move that huge amount, it might take days and banks charging you with more fees.