Satoshi era Bitcoin wallet wakes up after 14 years, sends 50 BTC to Binance

[hd49728]

It's theirs, it's their right, so you don't need to bother price wont go down low because of them. I was even amazed that such users still exists despite of so many downs and lows of bitcoin on the past years before reaching this height.

It is a free market and people are free to join or to leave.

It's unfair if we as market participants only welcome whales, institutional investors to join the Bitcoin market because we smell that their big capital can increase demand and lift the price up. In contrast if they want to leave, we feel fearful that their bit capital, this time is out, will affect the market with their sell pressure and make price falling.

Capital needs to be lively in and out, we should never think that investors only spend money for purchase and never sell.

[larry_vw_1955]

It's theirs, it's their right, so you don't need to bother price wont go down low because of them.

i consider it my right to know the history of the bitcoin being sold to me though so i can make sure that no one is trying to take advantage of me.

[Kruw]

yes it did. the 50BTC was a "block reward" that it received on July 14,2010. find a better block explorer...

Ah, ok, I found it with blockchair. I was wrong - thank you!

[PrivacyG]

I have dream to find some wallet from that era and cashout it. Sad that this is possible only in dreams

You have a dream to be a thief?

Would I deserve your Bitcoin if I accidentally generated the same Seed or Private Key as yours?  You would not like it but you would like to steal a few Million from a complete stranger, correct?

Immorality is at an All Time High nowadays.  I would be amazed and in shock if my Private Key or Seed collided with an already existing one that has not been emptied, but I would not resort to stealing Money out of it.

[vjudeu]

I would be amazed and in shock if my Private Key or Seed collided with an already existing one that has not been emptied, but I would not resort to stealing Money out of it.

If the public key is not somehow very weak, it may be a good idea to send some small amount there, and then sweep only that, while leaving original coins where they are. In this way, the real owner can be notified, that "someone else knows the key", and hopefully, the owner will then move those coins somewhere else.

[larry_vw_1955]

If the public key is not somehow very weak, it may be a good idea to send some small amount there, and then sweep only that, while leaving original coins where they are. In this way, the real owner can be notified, that "someone else knows the key", and hopefully, the owner will then move those coins somewhere else.

most people would be too dumb to even notice anything had happened if their balance didn't change...people monitor their balance, not necessarily their transaction history.

[SickDayIn]

Everyone commenting here is saying that the miner who has sold the original 50 BTC mined is a whale and dumping it on the market is such a bad thing. It really isn't, and its important not to act blindly here. This individual might not be wealthy at all, even more reason for them to dump it. $3m USD is extremely life changing money, and if an old miner has finally recovered their old coins after losing the seed or passphrase from so long ago, congratulations to them and I am happy for them.

Worry about yourself and not about others and what they do with their funds.

Also anyone saying this is Satoshi is just trying to send fear into the market. Ignore it.

[wiss19]

It is a free market and people are free to join or to leave.

It is literally a free market due to its decentralized property but even on other traditional markets, I think people are still free there to do what they wanted to do.

It's unfair if we as market participants only welcome whales, institutional investors to join the Bitcoin market because we smell that their big capital can increase demand and lift the price up. In contrast if they want to leave, we feel fearful that their bit capital, this time is out, will affect the market with their sell pressure and make price falling.

Capital needs to be lively in and out, we should never think that investors only spend money for purchase and never sell.

Right mate but it is, that, we are talking about Satoshi era BTC wallets here. You know, it looks different than compared to those active wallets which are also owned by the whales and institutional investors. Maybe people think that they are lost coins or the owner of those coins have perished already but to their surprised, those wallets show an activity again, suddenly. Maybe these sellers doesn't want to leave permanently but they only sell their coins because they need a money now and they might come back again later on, so we shouldn't worry about the market.

[arwin100]

Everyone commenting here is saying that the miner who has sold the original 50 BTC mined is a whale and dumping it on the market is such a bad thing. It really isn't, and its important not to act blindly here. This individual might not be wealthy at all, even more reason for them to dump it. $3m USD is extremely life changing money, and if an old miner has finally recovered their old coins after losing the seed or passphrase from so long ago, congratulations to them and I am happy for them.

Worry about yourself and not about others and what they do with their funds.

Also anyone saying this is Satoshi is just trying to send fear into the market. Ignore it.

Maybe there are lucky instances that old miner just found out that he's still have balance left on his old wallet that's why when he locate that he immediately transfer it to binance and enjoy the money he mined before.

People should remember that before you only need few bucks just to acquire large volume of bitcoin or mine it. So the result gain from old bitcoin miner who gained a lot of money from current times is not surprising. Its just this media outlets just want to create fear to people by sensualize that incident and try to clickbait people that there might be more dump will happen. But if people would just realize that 50 BTC is just small percent on total circulating supply and it will not affect the marketcap or volume of bitcoin so there's nothing big changes will happen if that person sold his bitcoin to Binance.

[SickDayIn]

Everyone commenting here is saying that the miner who has sold the original 50 BTC mined is a whale and dumping it on the market is such a bad thing. It really isn't, and its important not to act blindly here. This individual might not be wealthy at all, even more reason for them to dump it. $3m USD is extremely life changing money, and if an old miner has finally recovered their old coins after losing the seed or passphrase from so long ago, congratulations to them and I am happy for them.

Worry about yourself and not about others and what they do with their funds.

Also anyone saying this is Satoshi is just trying to send fear into the market. Ignore it.

Maybe there are lucky instances that old miner just found out that he's still have balance left on his old wallet that's why when he locate that he immediately transfer it to binance and enjoy the money he mined before.

People should remember that before you only need few bucks just to acquire large volume of bitcoin or mine it. So the result gain from old bitcoin miner who gained a lot of money from current times is not surprising. Its just this media outlets just want to create fear to people by sensualize that incident and try to clickbait people that there might be more dump will happen. But if people would just realize that 50 BTC is just small percent on total circulating supply and it will not affect the marketcap or volume of bitcoin so there's nothing big changes will happen if that person sold his bitcoin to Binance.

Yeah I think it's less about 50 BTC being such a big amount being sold to impact the market, and more so the whispers and murmurs that its "Satoshi's old coins". We should only be concerned of Satoshi returning if one of the first few hundred mined blocks has their miners coins starting to be moved. Anyone else is really just trying to spread FUD into the market.

[MeGold666]

50 BTC is nothing to the market, this post is more about envy than anything else.

[NCRO]

Has anyone noticed a recent appearance of old dormant wallets being activated this week?

There's been 7 of them this week from unused wallets from 10+ years ago, each containing between 20-1000 BTC.

None of them appear related on a brief scan through the transactions.

https://x.com/whale_alert/status/1810281440937926696
https://x.com/whale_alert/status/1809649275292246051
https://x.com/whale_alert/status/1809377142951547357
https://x.com/whale_alert/status/1809296484078174655
https://x.com/whale_alert/status/1808761285808427045
https://x.com/whale_alert/status/1808596914268512577
https://x.com/whale_alert/status/1808009908110905351

[larry_vw_1955]

Has anyone noticed a recent appearance of old dormant wallets being activated this week?

There's been 7 of them this week from unused wallets from 10+ years ago, each containing between 20-1000 BTC.

None of them appear related on a brief scan through the transactions.

https://x.com/whale_alert/status/1810281440937926696
https://x.com/whale_alert/status/1809649275292246051
https://x.com/whale_alert/status/1809377142951547357
https://x.com/whale_alert/status/1809296484078174655
https://x.com/whale_alert/status/1808761285808427045
https://x.com/whale_alert/status/1808596914268512577
https://x.com/whale_alert/status/1808009908110905351

they're unloading their wares. they don't think the price can go up much further and they need to sell at the top.

[NCRO]

Here's another one today. Is someone out there brute forcing into these old wallets?

https://x.com/whale_alert/status/1810722932252959005

A dormant address containing 149 #BTC (8,590,673 USD) has just been activated after 10.6 years (worth 81,667 USD in 2013)!

https://whale-alert.io/transaction/bitcoin/313d9505548d40f9fb5ae665a5e410f36134df2c66e50fef4eb02ad2639a54f5

[larry_vw_1955]

Here's another one today. Is someone out there brute forcing into these old wallets?

i think stories like all these whales waking up and moving huge amounts of bitcoin make the general public skeptical of bitcoin that it even has a strict limit on the # of bitcoin that can exist. i'm pretty sure there is a 21 million cap but when i see stories like these, it does make me wonder if that's really true or not.