Bitcoin whale 'awakens' after 10 years.

[pooya87]

Regardless of whose coins are these and the MtGox thing, the old coins moving is not as rare as you'd think. In fact coins that weren't touched for many years are moved regularly in such big intervals like 10 years. Even with a quick google search you'd find multiple news articles over the past couple of months about it like these:
https://u.today/dormant-bitcoin-whale-awakens-after-almost-10-years 500 Bitcoins ($22.1 million) after 10 years
https://cryptopotato.com/dormant-btc-whale-wakes-up-sends-60-million-for-the-first-time-in-9-years/ $60 million after 9 years
https://cryptopotato.com/bitcoin-whale-moves-11-million-in-btc-after-12-years-of-inactivity/ $11 million after 12 years

[franky1]

Regardless of whose coins are these and the MtGox thing, the old coins moving is not as rare as you'd think. In fact coins that weren't touched for many years are moved regularly in such big intervals like 10 years. Even with a quick google search you'd find multiple news articles over the past couple of months about it like these:
https://u.today/dormant-bitcoin-whale-awakens-after-almost-10-years 500 Bitcoins ($22.1 million) after 10 years
https://cryptopotato.com/dormant-btc-whale-wakes-up-sends-60-million-for-the-first-time-in-9-years/ $60 million after 9 years
https://cryptopotato.com/bitcoin-whale-moves-11-million-in-btc-after-12-years-of-inactivity/ $11 million after 12 years

(there are many "whale alert" sites that try to link old coins to users via seeing if anyone mentions bitcoin address associations in social media just to then spam them with adverts)
this is why many people look at these silly whale alert stuff.. to try finding out who moved it, especially by seekers not posting the whole address to avoid their posts coming up in their results of possible associations of owners..
.. its standard practice now..

maybe i should move my 11year old stash. just to show how common people can actually hoard for. .. oh wait.. then ill just get greedy/jealous idiot scammers trying to tell me to not use bitcoin and instead move my funds into some broken subnetwork system they can suck me dry from... oh wait they already do(even without moving my stash)

so i think ill keep my stash where it is for a decade or so more. maybe claim the 'longest holder' status when i decide ive had enough

[pooya87]

Regardless of whose coins are these and the MtGox thing, the old coins moving is not as rare as you'd think. In fact coins that weren't touched for many years are moved regularly in such big intervals like 10 years. Even with a quick google search you'd find multiple news articles over the past couple of months about it like these:
https://u.today/dormant-bitcoin-whale-awakens-after-almost-10-years 500 Bitcoins ($22.1 million) after 10 years
https://cryptopotato.com/dormant-btc-whale-wakes-up-sends-60-million-for-the-first-time-in-9-years/ $60 million after 9 years
https://cryptopotato.com/bitcoin-whale-moves-11-million-in-btc-after-12-years-of-inactivity/ $11 million after 12 years

(there are many "whale alert" sites that try to link old coins to users via seeing if anyone mentions bitcoin address associations in social media just to then spam them with adverts)
this is why many people look at these silly whale alert stuff.. to try finding out who moved it, especially by seekers not posting the whole address to avoid their posts coming up in their results of possible associations of owners..
.. its standard practice now..

Things like whalealert were created to manipulate the market/price. It is basically a scare tactic they use only when they think the market reacts to it the way they want. This is why they only largely report some of these coin movements everywhere not all of them. And they do it at times like this when there is a drop with a chance of getting bigger.

maybe i should move my 11year old stash. just to show how common people can actually hoard for. .. oh wait.. then ill just get greedy/jealous idiot scammers trying to tell me to not use bitcoin and instead move my funds into some broken subnetwork system they can suck me dry from... oh wait they already do(even without moving my stash)

so i think ill keep my stash where it is for a decade or so more. maybe claim the 'longest holder' status when i decide ive had enough

There is always someone with "longest held" coins

BTW here is a list of all the coins that were moved after 10+ years (about 13000 txs) and as we can see the first 6 that also took place this year were spent after 12.5 to 13 years.
The table is sorted based on age (spent UTXO lifespan) in descending order:
https://blockchair.com/bitcoin/outputs?s=lifespan(desc)&q=is_spent(true),lifespan(315500000..)#f=transaction_hash,time,is_spent,lifespan,spending_time

[khiholangkang]

this is old news
it was talked about a few days ago with a similar thing.. whereby coins that were generated in 2009. were spent into exchanges like mtgox and the stash in mtgox from 2013 is now moving due to the bankruptcy administration..

whales are people holding 100k plus. like M.saylor, or other entities that OWN their stash..

this however is not a whale, but a shark.. and also its a mtgox stash. thus not an individual owner but a small part of mtgox total hoard stuck in bankruptcy administration

this event is not a sell-off. its just a re-organisation of the mtgox stash ready to pass out to creditors in the future (moving from cold to hot wallets so to speak)

Even though it was old news, and the answer was true was a pile of MT.gox who was reorganizing and aimed to return the funds to the creditor, I did not care whether it was a shark or the pope but I hoped that the person who was harmed by MT.gox at that time they could Getting compensation in the future, hopefully this will come true.

This is make many speculative, and does not know the direction of why the wallet lives after 10 years of not active, there are people who say that the wallet is the result of a hacking, the discovery of the missing phrase, the investment aimed at 10 years, only the usual activity to renew the wallet and is a reoraganitation of MTGOX accumulation and many more, but it is true that the speculation about this affects market sentiments, whether bitcoin will be sold to the market or not, which might give a little fear for many investor.

[Woodie]

Its no coincidence that once in a while such wallets get to have some activity after being dormant after so many years...my guess like anybody could be that its one of these early adopters & potentially the same whales moving funds once in a while and in one of these wallets am certain you could also find the legendary Satoshi Nakamoto not that it matters but hope they don't heavy sell to push current price down!!

Btw ,with all these whale alert platforms have seen all around Twitter and other social media platforms...what's the motive of these, do they get paid to know when such transactions happen?? And without a face or name to the transaction, what good does it serve?

[Blitzboy]

Well, isn't that interesting? An ancient whale decides to resurface! Waking up after a decade, no less. Just goes to show how unpredictable the Bitcoin market can be. One cant help but wonder about the reasons behind this move. Is the whale planning to cash in on the profits, or are we witnessing the start of a massive shift in the market dynamics? From past experience, we know that whale movements can send shockwaves through the market. Should we brace ourselves for an upcoming storm, or prepare for a bull run? Either way, letss not lose sight of the big picture. Bitcoin has proved time and again its potential to grow, regardless of the market turbulence. Stay strong, HODL on!

[franky1]

Regardless of whose coins are these and the MtGox thing, the old coins moving is not as rare as you'd think. In fact coins that weren't touched for many years are moved regularly in such big intervals like 10 years. Even with a quick google search you'd find multiple news articles over the past couple of months about it like these:
https://u.today/dormant-bitcoin-whale-awakens-after-almost-10-years 500 Bitcoins ($22.1 million) after 10 years
https://cryptopotato.com/dormant-btc-whale-wakes-up-sends-60-million-for-the-first-time-in-9-years/ $60 million after 9 years
https://cryptopotato.com/bitcoin-whale-moves-11-million-in-btc-after-12-years-of-inactivity/ $11 million after 12 years

(there are many "whale alert" sites that try to link old coins to users via seeing if anyone mentions bitcoin address associations in social media just to then spam them with adverts)
this is why many people look at these silly whale alert stuff.. to try finding out who moved it, especially by seekers not posting the whole address to avoid their posts coming up in their results of possible associations of owners..
.. its standard practice now..

Things like whalealert were created to manipulate the market/price. It is basically a scare tactic they use only when they think the market reacts to it the way they want. This is why they only largely report some of these coin movements everywhere not all of them. And they do it at times like this when there is a drop with a chance of getting bigger.

thats the original purpose of whalealert by its creator.. but the USERS that watch whale alerts are those that want to profit from it
they soon realised that when the whale alert was just posting junk tweets about exchanges moving cold/hot wallets stashs it did not affect the markets, so then another bunch of watchers then used these alerts to systematically seek out those that publicise their personal stashes. EG post their addresses into their forum profiles or when they sign up to sig campaigns. and they would get email and PM spam from scammers trying to suggest they use a crypto scam(promoted as a solution)

in short i see absolutely no market benefit of whale alerts. and those watching them wont get any benefit from them unless they are scammers, to which im not fond of those types of idiots

thus i dont check whale alerts.. and when idiots post a whale alert on this forum i try to correct the narrative they play. to atleast explain what the movement is actually linked to. to prevent such speculation nonsense

EG this topics alert(from last weeks movement) was speculated that satoshi himself came back and was moving his stash. which needed correcting before some idiot media group fell foul of that foolish notion.

[Wind_FURY]

This is a total nothing burger as 1,432.93 BTC or $37.8 million would barely move bitcoin's price; and in the first place it would be a total dumb move for a "whale" to dump all that in one market order — assuming that was the person's intention in the first place.

A nothing burger, yet it's still very impressive from an investment perspective. I don't think there are assets outside the world of cryptocurrencies that could give anyone a 100x ROI just for HODLing the investment for 10 years. If Bitcoin surges another 5x from the current price, that would give him a return of 500x from his starting investment. That's more than enough for him/her to retire!

 

[franky1]

This is a total nothing burger as 1,432.93 BTC or $37.8 million would barely move bitcoin's price; and in the first place it would be a total dumb move for a "whale" to dump all that in one market order — assuming that was the person's intention in the first place.

A nothing burger, yet it's still very impressive from an investment perspective. I don't think there are assets outside the world of cryptocurrencies that could give anyone a 100x ROI just for HODLing the investment for 10 years. If Bitcoin surges another 5x from the current price, that would give him a return of 500x from his starting investment. That's more than enough for him/her to retire!
 

most people in bitcoin a decade ago have now retired, maybe stil involved in bitcoin but not financially needing to "work for it".
but this stash is not some single guy hoarding. its MTGOX stash from 2013. meaning alot of smaller investors waiting 10 years for the expensive lawyers to stop milking them and eventually pay out the bankruptcy stuff

[taufik123]

most people in bitcoin a decade ago have now retired, maybe stil involved in bitcoin but not financially needing to "work for it".
but this stash is not some single guy hoarding. its MTGOX stash from 2013. meaning alot of smaller investors waiting 10 years for the expensive lawyers to stop milking them and eventually pay out the bankruptcy stuff

Of course, with a lot of money that has been earned from selling Bitcoin which provides thousands of percent profit they will retire early, enjoy their vacations and their old age by buying yachts etc.

But some people I know like Davinci Jeremi a YouTuber who was active in the introduction of Bitcoin since Bitcoin emerged and he advised his followers to buy Bitcoin for only $1.

Now he remains active and is an Application developer and public speaker of Bitcoin.
Enjoying the wealth from holding Bitcoin since 2013 by buying yachts and private jets.

And for small investors waiting 10 years for MTgox payouts seems to be a worthwhile wait.

But whether the Whales or just small investors who received enough Bitcoins will affect the current market, when they dump bitcoins in large quantities.

[buwaytress]

Doubt we really have more than a handful of big whale wallets who no longer are alive.

again this topic is about a MTGOX stash. a stash thats suppose to be of ~200kbtc. all split up into smaller amounts of a few thousands btc each.. so expect lot of movements of a few thousand btc to move from 2013 in the next couple years

also people put funds into retirement plans when they are 20 they they cant touch until they are 60. so dormancy should be thought of as 40+ years. not 2,5,10
heck i have a stash thats 11 years. i have no plans on moving it anytime soon

Precisely! I think there's too much attention given to wallets that wake up, and I really doubt there are more than a known handful of wallets that would surprise people if they "woke up".

I've got a pension balance (hardly worth a few months' min wage) that's been sitting dormant for over 20 years, I couldn't even touch it until I'm 55 anyway, so it's forced dormancy ha.

Btw ,with all these whale alert platforms have seen all around Twitter and other social media platforms...what's the motive of these, do they get paid to know when such transactions happen?? And without a face or name to the transaction, what good does it serve?

Don't think they get paid, they're just bots and scripts. Probably want an audience to shill too later or show ads to (if not already done). What good does it serve? I put that very question often to any number of crypto channels/sources I unfortunately have to monitor for work. Whale alerts? Price drop/surge alert? Exchange inflow/outflow alert? I think speculators do act on them, but probably not to the effect desired.

[someone703]

It is not uncommon for Bitcoin whales to emerge after periods of inactivity and begin to move their holdings. Over the years, there have been cases where inactive wallets containing significant amounts of Bitcoin have been reactivated and their funds moved. Speculation and theories surrounding the identity of Bitcoin whales, including the possibility that some are Satoshi Nakamoto, have spread among the crypto community. However, in the absence of concrete evidence, these theories are still speculative and do not necessarily have an immediate impact on market prices. It should be noted that while whale action can generate interest and speculation, the overall market is influenced by a combination of factors, including market sentiment, technological developments, regulatory news, macroeconomic trends, and widespread cryptocurrency adoption. While Bitcoin whale activities can sometimes create short-term fluctuations, the market's long-term trajectory is influenced by different fundamental factors and broader investor participation. retail investors, institutions, and other market participants.

[Broadanbig]

OP, this is an old news. It seems you do not research before creating a topic. This happened long ago and has already been talked about on this platform which he previous poster has drawn your attention to.
You should have contributed to the discussion rather than creating new topic for a post already existing here.

[flyingcarpet]

Currently, the intentions of the owner cannot be determined. Data from Cointelegraph shows that every previous awakening of a 'whale' has resulted in significant fluctuations in the Bitcoin market. The event has garnered attention from the cryptocurrency community due to the potential impact of the origin of these coins on early-stage participants.

We see these news from time to time. Actually, I'm not worried. On the contrary, I am glad. Because someone who has held their bitcoins all these years wouldn't sell bitcoins at a time like this. I'm not worried as it has the power to wait and hasn't sold bitcoin all these years. What I'm happy about is that he didn't lose access to his wallet and all that bitcoin wasn't wasted.

In the past, the word whale used to scare me, but now I know that the market has created itself with such news and whales and we will always hear such news.

[tjtonmoy]

This will continue to happen. Bitcoin is a long term investment asset. Even if it's not from an individual person, there are people hodling more than this. What happens if they decide to sell all their hodlings? The price goes downhill, right? There will always be people waiting for the DIP to buy more. So the market will go on as it is going right now. Bear market, Bull market, they are part of this system. Some guy popping up with a huge stack means nothing. It has happened before and it will happen again. And also if an individual owns that, then it's their own choice whether they want to sell it or not.
No need to make so much noise about it. Let them enjoy their bitcoin.

[PX-Z]

It will be a bad idea to sell it now, it could be very reasonable if the owner insinuate on the bull market months ago in the range of 50k above. Guess what, selling those hard fork coin is not bad idea too.

[dragonvslinux]

The last activity of this account was on April 9, 2013, during the period known as the 'Satoshi era,' when it received 1,432.92 BTC at a price of $195 per Bitcoin. This means the investor had invested $280,000 and could potentially make a profit of nearly $37 million if they decide to sell all the coins in the wallet at this time.

Firstly, I wouldn't call this "Satoshi era". Satoshi left the forum/community by the end of 2010. So really only 2019/2010 can be conidered Satoshi era. Everyone onwards (up to a certain point) would simply be the innovators era, or early adopters. If you could otherwise put block explorer tx or links in the OP it'd otherwise be appreciated, as it's often quite simply to see where these coins have actually gone.

Most likely an account that got hacked by those groups of people who utilize their graphic powers to crack wallets instead of Bitcoin mining.
They might have been working on it since 2020 I guess? Finally, they got it and now they will divide it with 10000s of people.

If I am wrong, then happy for the guy who participated in the initial stages of Bitcoin, that's a big reward for him.

its not a early adopter individual nor a hacker.. its mtgox stash

Do you have a source for this, or is it merely speculation? Last I checked all MtGox coins were more or less labeled and signposted, so that when they move, people are aware that they originate from this source. Similar to Silk Road hack or other type of coins that are in the public eye or domain. Generally speaking, these coins don't move without someone noticing it from automated alerts etc.



Overall this seems like pretty boring/irrelevant news. It can be summarised as someone transferring their coins from a legacy address to segwit/taproot after 10 years. Even if it is a lot of money.

[JoyMarsha]

Btw ,with all these whale alert platforms have seen all around Twitter and other social media platforms...what's the motive of these, do they get paid to know when such transactions happen?? And without a face or name to the transaction, what good does it serve?

Since there are many wallets that store bitcoin and other altcoins, I've been attempting to ask the same questions as yours, if those whale alert platforms that alert the public when there is a significant transfer of bitcoin or any other altcoins from one wallet to the other are compensated for their work or they want to draw the attention of everyone to the said wallet that holds a good amount of bitcoin.

What I can infer from all of this whale alert is that they want the general public to be aware in case there is a decline in the price of bitcoin or the altcoins they hold, it can be attributed to the wallet that contains those coins.

[drwhobox]

It is fascinating just to imagine the amount of patience and believe that guy has. Holding bitcoin for 10 years is nothing but a legendary decision. Also it is possible that he found his lost private keys and make the transaction.

Eagerly waiting for the story to pop up on the internet.

[tread93]

A Bitcoin whale account unexpectedly comes back to life after 10 years as it transfers an equivalent of $37.8 million to another wallet. Data on Lookonchain on June 8th reveals that a Bitcoin account that had been dormant for over 10 years has transferred a total of 1,432.93 BTC, equivalent to $37.8 million, to a new address named 'bc1psv'.

The last activity of this account was on April 9, 2013, during the period known as the 'Satoshi era,' when it received 1,432.92 BTC at a price of $195 per Bitcoin. This means the investor had invested $280,000 and could potentially make a profit of nearly $37 million if they decide to sell all the coins in the wallet at this time.



Currently, the intentions of the owner cannot be determined. Data from Cointelegraph shows that every previous awakening of a 'whale' has resulted in significant fluctuations in the Bitcoin market. The event has garnered attention from the cryptocurrency community due to the potential impact of the origin of these coins on early-stage participants.

Wow, can you imagine moving such a vast fortune from one of your bill folds to the new bill fold in just a matter of minutes?! Thats a lot of money to move. I wonder if this is the work of some crazy hacker, or some super rich royal. Probably Elon Musk tho fr.