Early coins movement ?

[Fundamentals Of]

OTC buyer? That's very unlikely. He's obviously a miner because he's receiving 50 BTC-transactions. The first transaction happened on February 5, 2009. That's not less than a month since launch because Bitcoin was launched on January 3, 2009, that was when Satoshi mined the genesis block. That's a little more than a month.

Was there even a way to buy Bitcoin over the counter at that time? And with how easy to mine Bitcoin back then, people would just do it rather than look for a seller.

[yazher]

Maybe this could actually be someone who has long lost access to the wallet but just recently recovered it and decided to move the funds to a safer destination. It might just be an upgrade in wallet security since all funds are moved into a single address that does not belong to an exchange.

Most likely someone who wanted to sell some of his BTCs and keep some in another high-security storage. As we know, you really need to have some movement of your BTC in order to further secure it and not to give hackers any progress if they wanted to get your BTC by hacking the wallet you are using. By moving your BTC to another wallet, you are actually making a good move here because you are maximizing your security and also assuring that you have still full total control of your BTC despite holding it for more than a decade.

[kaseygriffin]

I see the fact that the address in question consistently receives a small amount of Bitcoin as a reward over a long period of time as indicating that the owner has been actively engaged in mining or engaged in some form of mining activity. reward. It can show that a long-term holder has been accumulating bitcoins gradually over time. Regarding the recent large transaction, I think the owner may decide to use another storage solution for more secure security. Anyway, the true nature and motive behind transactions involving this address may remain a mystery unless additional information comes to light.

[tbct_mt2]

I want to know if satoshi come to spend it's coins will it cause a challenge, definitely everyone has purpose of storing its coins, does it mean that if I should have larger coins of different domination and I happened to make up my mind to sell my coins will it cause a traffic in cryptocurrency market

Just uncertainty and fear. People only can guess and speculate about those transactions, who stay behind those coins and how many bitcoins they have, will they dump those bitcoins or even more in the market?

Just guess and uncertain fear about future. None of us can answer exactly what will happen after that. We can feel fearful but such transactions can be movements of from one wallet to a new wallet. Like from a single signature wallet in the past to a multisig wallet or a cold wallet. Owners can simply move coins to secure them better.

[Aikidoka]

A transaction of 1432.92 btc happened today https://blockchair.com/bitcoin/address/1E6nViR5Xv1wyNXg87SamvtLJ5TyXuksLC .

The odd thing about this address is it ( almost ) contains block rewards from early days , specifically first reward is from block #2718 which is less than a month since launch . Only 2 transactions are not block rewards , a 0.01 btc and a 32.91 btc . All the other are coinbase rewards of 50 btc .

That's actually a huge amount of money (38.26M$ at this current rate). I would say he is probably one of the early investors in Bitcoin who has been holding onto his coins for all these years and now he's trying to transfer them to a more secure wallet, this is just my guess!

I don't think he will simply cash out all of his Bitcoin because that wouldn't be very smart. If he was able to hold onto his Bitcoin all these years and knew that the price of Bitcoin would increase in the future, why wouldn't he continue holding on for a bit longer?

Did satoshi came back to spend his coins ? A very early miner or an early OTC buyer decided to take profits ?

Everything is possible. It could be Satoshi, an early miner, or even a random person who forgot about their wallet seed phrase or private keys and has now recovered them. It is difficult to determine with certainty who the owner of that wallet is.  

Time will tell . I'll try to dig more to see if i can find anything . Any opinions or findings are appreciated .

If you find any further information about this it would be great if you could share more.

[Kemarit]

A transaction of 1432.92 btc happened today https://blockchair.com/bitcoin/address/1E6nViR5Xv1wyNXg87SamvtLJ5TyXuksLC .

The odd thing about this address is it ( almost ) contains block rewards from early days , specifically first reward is from block #2718 which is less than a month since launch . Only 2 transactions are not block rewards , a 0.01 btc and a 32.91 btc . All the other are coinbase rewards of 50 btc .

Did satoshi came back to spend his coins ? A very early miner or an early OTC buyer decided to take profits ?

Time will tell . I'll try to dig more to see if i can find anything . Any opinions or findings are appreciated .

Not really sure what to think about it, I mean why is people engrossed is an old address has moved? And then we will speculated if it is Satoshi where in fact we know that he is not coming back?

Maybe someone hack that bitcoin address, or early adopters find his private keys or seed phrase or someone wanted to move his coins to a another wallet. So for me doesn't make sense to dig on those old address that's why I don't follow those accounts that publish it because maybe the entities has some bad intentions in the first place, create FUD.

[livingfree]

Does it really worth doing investigation of the address transaction and bitcoin movement, Let say after dig to know about the address what benefits do you derived from it or what is the result for doing that?

I think it's just for pleasure and like being a detective that's been started and done by some other folks in the past. There's the interesting part on these finds because they're the early bitcoins that have been mined and it's like always a news when they've been monitored if they ever move and transfer those BTCs.

Well, let me take it the way you said for pleasure otherwise I don't see anything interesting in doing a detective task without someone being assigned to it. Besides I don't think Satoshi would do such transaction knowing the vision & Mission of bitcoin, or even if it was Satoshi there is no offense because I believe might also wants to secure & safeguard his assets.

It's far from being satoshi and I don't really think that it was him. Remember that there's also Hal that even said he's not satoshi while people think that he is.

Whoever is that person, it's just someone who's too early to know bitcoin and you're right that he just want to secure his money on it and everyone deserves to have it whether he's an early adopter or not.

Anyone who is holding enough of bitcoin would likely act the same to move their bitcoin to a better place.

I agree.

[timoshani]

A transaction of 1432.92 btc happened today https://blockchair.com/bitcoin/address/1E6nViR5Xv1wyNXg87SamvtLJ5TyXuksLC .

The odd thing about this address is it ( almost ) contains block rewards from early days , specifically first reward is from block #2718 which is less than a month since launch . Only 2 transactions are not block rewards , a 0.01 btc and a 32.91 btc . All the other are coinbase rewards of 50 btc .

Did satoshi came back to spend his coins ? A very early miner or an early OTC buyer decided to take profits ?

Time will tell . I'll try to dig more to see if i can find anything . Any opinions or findings are appreciated .

 

I would also make a transaction from one of my first wallets, but unfortunately, I cannot. I think that just a person found the opportunity to make this transaction. For example, I remembered the password for a nightmare. Satoshi it or not, you can look at the activity before that. Is this the first transaction in many years???

[greek_hephaestus]

A transaction of 1432.92 btc happened today https://blockchair.com/bitcoin/address/1E6nViR5Xv1wyNXg87SamvtLJ5TyXuksLC .

The odd thing about this address is it ( almost ) contains block rewards from early days , specifically first reward is from block #2718 which is less than a month since launch . Only 2 transactions are not block rewards , a 0.01 btc and a 32.91 btc . All the other are coinbase rewards of 50 btc .

Did satoshi came back to spend his coins ? A very early miner or an early OTC buyer decided to take profits ?

Time will tell . I'll try to dig more to see if i can find anything . Any opinions or findings are appreciated .

 

I would also make a transaction from one of my first wallets, but unfortunately, I cannot. I think that just a person found the opportunity to make this transaction. For example, I remembered the password for a nightmare. Satoshi it or not, you can look at the activity before that. Is this the first transaction in many years???

A transaction of 1432.92 btc happened today https://blockchair.com/bitcoin/address/1E6nViR5Xv1wyNXg87SamvtLJ5TyXuksLC .

The odd thing about this address is it ( almost ) contains block rewards from early days , specifically first reward is from block #2718 which is less than a month since launch . Only 2 transactions are not block rewards , a 0.01 btc and a 32.91 btc . All the other are coinbase rewards of 50 btc .

Did satoshi came back to spend his coins ? A very early miner or an early OTC buyer decided to take profits ?

Time will tell . I'll try to dig more to see if i can find anything . Any opinions or findings are appreciated .

 

I would also make a transaction from one of my first wallets, but unfortunately, I cannot. I think that just a person found the opportunity to make this transaction. For example, I remembered the password for a nightmare. Satoshi it or not, you can look at the activity before that. Is this the first transaction in many years???

The posibilty of early minings are and As time goes on and Bitcoin becomes more and more widely accepted, it is important for individuals who have held their funds for a long time to re-evaluate their security practices and make adjustments accordingly and People only can guess and speculate about those transactions, who stay behind those coins and how many bitcoins they have, will they dump those bitcoins and an early miner, or even a random person who forgot about their wallet seed phrase or private keys and has now recovered them.

[BitcoinBabbler]

The possibility of  early mining are and it is important for individuals who have held their funds for a long time to re-evaluate their security practices and make adjustments accordingly. is a natural thing. While speculating about the motives behind the initial coin movements is tempting, it is important to remember that without concrete evidence or additional information and So for me doesn't make sense to dig on those old address that's why I don't follow those accounts that publish it because maybe the entities has some bad intentions in the first place and It can show that a long-term holder has been accumulating bitcoins gradually over time.

[dunfida]

A transaction of 1432.92 btc happened today https://blockchair.com/bitcoin/address/1E6nViR5Xv1wyNXg87SamvtLJ5TyXuksLC .

The odd thing about this address is it ( almost ) contains block rewards from early days , specifically first reward is from block #2718 which is less than a month since launch . Only 2 transactions are not block rewards , a 0.01 btc and a 32.91 btc . All the other are coinbase rewards of 50 btc .

Did satoshi came back to spend his coins ? A very early miner or an early OTC buyer decided to take profits ?

Time will tell . I'll try to dig more to see if i can find anything . Any opinions or findings are appreciated .

 

No one knows if this one is Satoshi or some early miners or adopters who had just decided to access their wallets for a very long time and made out some decision on selling it on.Its none of our business if they would really be deciding to sell it out since its their money after all.It did really just turn out that they did make that enourmous amount of profits over a decade time and now they are really that tending to harvest
or snip out some money which they do really deserve it. It is really just that we are bit jealous when these fellas tend to sell out but not all because there would be those people who are really just that curious
when it comes to these movements on which it is really just that great to see that these big amounts is really making up some big sells on various exchangers on which there's nothing
we can do since its their money.

[Bushdark]

No need to investigate any further mates, I confess now I did that transaction .

Well for one reason I don't see why we want to investigate about other people funds, I thought the whole essence of this decentralized system is to remain anonymous from the government system and control our funds. But I do agree though, its either an old miner trying to move his funds for safety purpose or an old investor who totally abandoned his BTC allowing it to grow and now back to move it out to safety, well it could be anyone and I don't think knowing him would make  any difference instead I intend to hold such BTC as he did one day

there is nothing wrong trying to know what's happening in the Bitcoin space and how money is moving. You will be surprised that he is not the holy one watching, even the government are also taking a smart move on us and how we are using the Blockchain to execute transactions thinking that they don't know what's happening and how we are moving our Bitcoin. This is one of the reasons why we don't have to depend on centralized exchange because we might get the wrong impressive when we decide to send our funds there for reasons that are best known to us.

[ImThour]

Damn, that 1.4k BTC is currently worth $37 million. I am happy for them if they recovered their wallet. And if someone cracked the private key of this wallet, they are super lucky and got rewarded exponentially.

Is it satoshi? No. Hal Finney was satoshi and I will keep on spreading this until you believe it. satoshi can never move his coins however he gave access to his wife though.

[HmmMAA]

I don't think it's a lost wallet that was recovered because the address has been constantly receiving a monthly reward of 0.0000547BTC. If it were other tokens I would have probably thought that the owner staked it in a kind of staking program that generates reward and when the time has elapsed, he/she decided to withdraw it to a different address.

These transactions are not from staking ( coins are not on an exchange ) , they are dusting attacks https://coinloan.io/blog/how-dangerous-is-crypto-dusting-attack/ .
That 547 satoshi is a common used amount for this kind of attack .

And then we will speculated if it is Satoshi where in fact we know that he is not coming back?

How do you know that satoshi isn't coming back ? Do you have direct communication with him ? Do you know something that you should share with us ?

Was there even a way to buy Bitcoin over the counter at that time?

There was always a way to buy OTC . Someone could have posted an offer for selling his mined btc and a buyer took it . The first transaction of the whole batch was made in 2013 , so it could be an otc buyer .

As for the comments i saw about why investigating , bitcoin is pro anonymity etc .
This is a public ledger , that's what makes bitcoin different and that's why it was invented . Anyone can see what's going on onchain . Your privacy is protected by the protocol , but you can't be anonymous .

For me it's an important thing if satoshi comes back and move his coins . It would mean that a bag of 1M+ coins will flood the market . Such a move could send btc to low prices , if not close to zero . If you guys don't understand the value of having the information firsthand  then i feel sorry for you . 

[Kakmakr]

This is the great thing about this technology.... right.

You can see when tokens are moved, but in most cases.. nobody knows who it is that are moving those coins. In the fiat system, only Banks and governments have access to that information, but in Bitcoin this is totally pseudo anonymous.

I think this is just an early miners that are shifting coins around in cold storage. He might get ready for a dump.... or he or she just wants to do some coin management. 

[Renampun]

No need to investigate any further mates, I confess now I did that transaction .

Well for one reason I don't see why we want to investigate about other people funds, I thought the whole essence of this decentralized system is to remain anonymous from the government system and control our funds. But I do agree though, its either an old miner trying to move his funds for safety purpose or an old investor who totally abandoned his BTC allowing it to grow and now back to move it out to safety, well it could be anyone and I don't think knowing him would make  any difference instead I intend to hold such BTC as he did one day

what's wrong with monitoring transactions from Bitcoin wallets? There's nothing wrong with that, because it's posted on the blockchain for everyone to see. and also even though we are here to monitor transactions from the wallet, we do not violate anyone's privacy because even if we know the transaction was made on the blockchain, we do not know who and where he did it.

so it needs to be underlined that all transactions from wallets on the blockchain can be monitored and there is nothing wrong with that because we also need to know what these wallets are doing because it can affect prices in the market.

[Mr. Magkaisa]

A transaction of 1432.92 btc happened today https://blockchair.com/bitcoin/address/1E6nViR5Xv1wyNXg87SamvtLJ5TyXuksLC .

The odd thing about this address is it ( almost ) contains block rewards from early days , specifically first reward is from block #2718 which is less than a month since launch . Only 2 transactions are not block rewards , a 0.01 btc and a 32.91 btc . All the other are coinbase rewards of 50 btc .

Did satoshi came back to spend his coins ? A very early miner or an early OTC buyer decided to take profits ?

Time will tell . I'll try to dig more to see if i can find anything . Any opinions or findings are appreciated .

 

     -  Wow! A huge amount in the amount of 37M$ was released in just one day? It's like, it was just stored in the owner's wallet for a few years, after the year passed he didn't immediately remember that he had hidden bitcoins. Or he may have remembered that he just forgot where he put the record of the password or private key of his wallet. It's possible that's what happened.

we also don't know if satoshi is the owner of that 1432btc. But whether it's satoshi or not, we don't care about that, as long as I can say that whoever that person is, it can be said that he is already rich and that Bitcoin has made him rich.

[OcTradism]

     -  Wow! A huge amount in the amount of 37M$ was released in just one day?

we also don't know if satoshi is the owner of that 1432btc. But whether it's satoshi or not, we don't care about that, as long as I can say that whoever that person is, it can be said that he is already rich and that Bitcoin has made him rich.

The person owns that wallet address only is rich if he sells his bitcoin, cashes it out.

$37M is only a number on paper, in estimation from Bitcoin price on the market. We don't know what will happen just after one more minute so rich or poor, only if we cash something out and have cash in hands. If someone owns 1432 BTC since 2009, maybe he owns more than that amount.

It is my dream but if I have 1432 BTC, I will plan to cash it out 10% with each Bitcoin halving and all time high range for each halving. I know I can not cash out at all time high but I will pick a price range after Bitcoin breaks out from a previous all time high.

[bussybuddy]

Sometimes I just see speculation as the solution to the problem, but agree that's also possible. For me, it's up to us to see if this issue will have a lot of answers given to it, fearing our own speculation or feeling calm about this, everything is up to us. I think as many people have mentioned the luck of finding the private key to access it again, and it seems to be a stroke of luck. Even if the worst case scenario is something like the OP happens, the re-assumption of the issue that panic is created gets everyone's attention.

[CryptSafe]

Did satoshi came back to spend his coins ? A very early miner or an early OTC buyer decided to take profits...

I don't think Satoshi came back, maybe some person found his forgotten wallets, or came to know that he/she has the BTC in his wallets but this possibility can not be applied here as i can see wallet was taking transaction till May, 2021. So i think the owner was aware of this wallet and do know the potential of BTC but question is why he didn't book any profits back in 2021 when BTCwas ATH and why he transfered the funds now. I hope he is not wishing to sell hem now, or maybe he wants to moe them to another safe place who knows. There could be many if.

I think new generation investors should learn from this as it can be a good teacher or point to learn from. Atbthe early stage these investors bought or mined and kept for a longer time believing their investment to pay back after a long time and here this particular investor took profit not just profit but a good amount of money for holding a long time.
OP your points are quite alright maybe a good follow up might reveal more to the wallet activities.

You are totally right about getting lesson from this wallet's owner. But still, many investors can't do the same as this wallet owner did Like no output in the last 13 years. Only money going in. Like he was a miner back then and not now. And I don't have a rough idea about how much it cost back then in mining l, but i do know he must have another way of earning money from where he face the expenses of mining. Point is, holding do pay off and make people rich but this person would be more rich when BTC was at ATH, well maybe as i said earlier he must have some other plans. I am wondering if he keep them hold more and sell even close to new ATH then he will make more than enough money (haha i know money is never enough)

Money is never enough mate as everyone would want to make more money even  you too would want more money to your account. It is very challenging to stay without falling back to your investment as a means of back up just as this wallet holder did for years without touching his bitcoin assets. I believe the holder had some other things that got him or her engaged without falling back to their bitcoin assets. This really paid off greatly as the profits realized from holding for a long time was sumptuous to go by.  Indeed if everyone could learn from this wallet holder who hold for a very long time, I think it would help alot and possibly give a boost in bitcoin price because it would result to scarcity when there are more than a million holding for a longer time.