14 years activating 80,000 BTC?

[bitLeap]

Very rare and clearly rare large amount of bitcoin wakes up from a long sleep for more than 14 years activating 80,000 BTC ($$8.6B). Clearly this is called treasure, Well the whales hold the key so strong, he is the real Hodler.

According to Arkham:

A single entity moved $8.6 BILLION of BTC from 8 addresses in the past day.

All of the Bitcoin was moved into the original wallets on either 2nd April or 4th May 2011 and has been held for over 14 years.

Currently, the Bitcoin is sitting in 8 new addresses and has not been moved subsequently.

https://x.com/arkham/status/1941186502488359409
https://intel.arkm.com/explorer/entity/1b186a9c-1972-46c8-9de7-d2e8e3db28d7
https://x.com/whale_alert/status/1941136744755126698


What do you think about this, I mean 14 years is a very long time, is there anyone on this forum who is also able to uncover a hidden treasure for 14 years? And what about the rumors about the possibility of Quantum Computing which I personally do not understand how it works.

I just believe that he is a pure hodler.

[logfiles]

What is the possibility that that person had other stash else where that they have been slowly cashing out whilst that bigger stash has been on HODL. I mean we do have those old Satoshi era addresses getting active sporadically like this case --- Satoshi-era wallet (Jan 2009) moves 50 BTC. And that more is more than enough to make life easy flowing for a while, leaving the bigger stash untouched for years.

[Popkon6]

Those who are genuine holders have basically been holding for a long time, for a decade or more than a century, they have not thought about selling Bitcoin since the past. That is why they have been able to sustain their Bitcoin investment until the present. If 14 years is a huge time for normal holders, then those who are genuine holders are basically ready to keep Bitcoin for a longer period, I think such genuine holders exist in WO thread.
However, I think it is necessary for them to keep Bitcoin for a longer period, because the money they have can give luxury to life for a short time. But holding this huge wealth for the future will be much better and the future will be sure. This is the best way to be financially successful.

[Rustam Meraj]

This movement represents security upgrade other than sale as coins were moved to new addresses not for exchange. It is very rare for individuals to stumble upon such old large Bitcoin stashes. These usually belong to early adopters those who recovered lost keys. And if we talk about quantum computing while it could theoretically threaten Bitcoin encryption by breaking its security algorithms like ECDSA current quantum computers are not powerful enough and experts believe real threat is still almost decade away. Bitcoin community is actively working on post quantum cryptography to develop new quantum resistant security measures and can upgrade Bitcoin protocol to implement these ensuring its long term safety.

[m2017]

What do you think about this, I mean 14 years is a very long time, is there anyone on this forum who is also able to uncover a hidden treasure for 14 years?

Here the true treasure is the "endurance and patience" of the owner of this wallet, who, during these long, almost one and a half decades, seeing all the ups and downs of bitcoin, despite everything, kept faith in this asset and continued to store it.

And what about the rumors about the possibility of Quantum Computing which I personally do not understand how it works.

Do you think that these old and fat wallets were hacked by a quantum computer and the money was stolen? Theoretically, it is possible, but I am not sure that the power of quantum computers is now enough to do such a thing.

I just believe that he is a pure hodler.

In fact, we don't know who moved these bitcoin and for what reasons. Maybe it was a trade deal, maybe it was a move from old wallets to new ones with the same owner, maybe these bitcoin were stolen or confiscated by law enforcement and therefore were moved to new addresses. There could be many reasons.

[TastyChillySauce00]

It seems to be pure hodler, but on the other hand I could hardly believe anyone holding 14 years and didn't get interested to make some sell once in a while, this guy literally holding BTC from when it was less than $1 all the way to $100,000.
If he's a hodler, he's a really good one at that .

[notocactus]

A single entity moved $8.6 BILLION of BTC from 8 addresses in the past day.

All of the Bitcoin was moved into the original wallets on either 2nd April or 4th May 2011 and has been held for over 14 years.

What do you think about this, I mean 14 years is a very long time, is there anyone on this forum who is also able to uncover a hidden treasure for 14 years? And what about the rumors about the possibility of Quantum Computing which I personally do not understand how it works.

I just believe that he is a pure hodler.

I don't see anything seriously about that and with my experience, I consider it as either a normal restructure of bitcoin storage from someone for personal purpose or a pure movement to fud the market.

It is nothing serious if someone moved his bitcoin from an old walet to new wallets. All Bitcoiners have full rights with non custodial wallets for doing such bitcoin movements.

It is movements from someone with very long term inactive bitcoins.
https://www.bitcoinmagazinepro.com/charts/hodl-waves/

It is not like Uncover a lost Bitcoin wallet!

[cryptxwiz]

Admit it, whose bitcoins are these? And of course, let's theorize. I don't believe this is a long-time hodler. It's very unlikely, no matter how rich a person might be, it just doesn't make sense. Absolutely illogical. I'm sure there's a story behind it... some kind of Hollywood script. The possible options are limitless... Maybe the CIA was looking through confiscated disks, maybe an uncle died and left his old computer in the garage, maybe... a lot could happen, maybe a person woke up from a coma... maybe a person spent all these 10 years picking the key or...

I registered here just to create this thread, but someone beat me to it. In short, I'm sure this isn't just a hodler. There's definitely a story behind this.

[Jaycoinz]

Those who are genuine holders have basically been holding for a long time, for a decade or more than a century, they have not thought about selling Bitcoin since the past. That is why they have been able to sustain their Bitcoin investment until the present. If 14 years is a huge time for normal holders, then those who are genuine holders are basically ready to keep Bitcoin for a longer period, I think such genuine holders exist in WO thread.
However, I think it is necessary for them to keep Bitcoin for a longer period, because the money they have can give luxury to life for a short time. But holding this huge wealth for the future will be much better and the future will be sure. This is the best way to be financially successful.

Lol, over a century? Do you know the meaning of that word? I guess you are just trying to highlight how long it is possible for someone to hold but atleast keep it within the range of reasoning and understanding. So let me throw some light to that how bogus that statement of yours is, so a century is every 100 years and how is it possible that a Bitcoin holders has that ability when Bitcoin itself haven't lived up to 2 decades.

[X-ray]

Still no clear information about what this BTC movement is all about.

For all I know it could be an OTC deal and now changing hand or something else.

We'll let the expert blockchain tracker figure out the truth but hopefully it won't just get dumped to the market because it's not some measly amount.

[ayesha201009]

you can't really know why a tx has happened unless you're involved in.
I don't think such crazy re-evaluation in 14 years, but btc is going to outperform in  the same time any other asset.

[cryptxwiz]

Just all logic denies that this was a hodler's move. The probability of such a thing is extremely low. 14 years of hodling – that's either a very successful person, and I mean at a billionaire level, or an idealist with a very advanced ideology, or it's still a story we'll probably never know. But definitely not a simple one. This is absolutely not an ordinary hodler. After 14 years, even at the $5,000 mark, an ordinary hodler would have already sold. There were countless points where a typical hodler would have sold. There's definitely some kind of story here, but no one is going to draw attention to themselves after becoming a billionaire. If someone tries to dive down the rabbit hole, at most they'll find what's already on the surface. Only the owner of the wallet can reveal this secret. But I am absolutely sure – this was not the move of a hodler whose bitcoins these were. It could be anything, but not a specific person who hodled for so long.

[DanWalker]

I registered here just to create this thread, but someone beat me to it. In short, I'm sure this isn't just a hodler. There's definitely a story behind this.

There are bound to be hundreds, thousands of conspiracy theories surrounding this. Because theoretically, it's hard to imagine that someone could hold bitcoin for 14 years without selling any bitcoin while the price of bitcoin has increased millions of times, unless they knew something in advance that the world didn't.

But a hypothesis is just a hypothesis, and if we don't have any convincing evidence, we have to admit that they are indeed pure holders and that is quite a feat.

[michellee]

Nothing. I don't think much about that because even if he want to sell in a price more than $200k, that will be that person decision. We may difficult to find who is that person if that person don't want to show up. We also don't know that person so why we bother think that? If he want to sell his Bitcoin, he will use the way that he want. He may a pure hodler but if I were that person, I will not move my Bitcoin if nothing bad happen and I will keep it to the safe place. Many speculation about that person why he moved his Bitcoin.

[Ivystar5]

If could be one of the old guys in this forum ? fact is that whales or the holder must have some source of income or some bitcoin held in a separate wallet where he could be laying hands on taking profit while the what remains untouched for years but another big question that is here is the fact that he could see a future in bitcoin for the next 15 years just to keep holding.

About the speculation that it could be quantum computing I don't buy the idea of quantum computing, it's purely someone with a great vision and believed in what people had little faith on and just decided to ghost his holdings.

[fuguebtc]

Still no clear information about what this BTC movement is all about.

For all I know it could be an OTC deal and now changing hand or something else.

We'll let the expert blockchain tracker figure out the truth but hopefully it won't just get dumped to the market because it's not some measly amount.

Even if they want to sell those bitcoins, there is nothing to worry about because usually for such large sell orders, they will sell them through OTC instead of selling directly on the market. Because selling directly to the market not only negatively affects the market but also does not benefit the seller. Because when the market panics, prices will drop significantly and they will not be able to sell at the high price they expected. Additionally, selling via OTC will ensure more privacy and security as well as higher liquidity.

[Zlantann]

What do you think about this, I mean 14 years is a very long time, is there anyone on this forum who is also able to uncover a hidden treasure for 14 years? And what about the rumors about the possibility of Quantum Computing which I personally do not understand how it works.

The news is almost everywhere in and outside the forum. The good news is that this FUD is not having any impact on the price of Bitcoin. Quantum computers pose more of a threat to banks than Bitcoin, so there is no need to worry. And the possibility of these computers breaking Bitcoin security is slim and the threat is in the future.

I just believe that he is a pure hodler.

Yeah,  it was a true hodler that just moved his coin to different wallets, maybe for security reasons. I think we still have more of such hodling that have been called lost coins.

[passwordnow]

Whoever are the owner/s of those wallets, they're certainly have the diamond hands that we're talkinga about. While a shrimp like us won't get close to that kind of wealth but if I am one of the holders of those wallets. I'd probably sold when Bitcoin reached $200, $1000 to $20000 for the past bull runs.

And what about the rumors about the possibility of Quantum Computing which I personally do not understand how it works.

It's the same as AI, they're all buzz words just to make some hype.

[BitGoba]

And what about the rumors about the possibility of Quantum Computing which I personally do not understand how it works.

Quantum computing is just a FUD, one of many. It’s at least 50 years away from being practical. At the same time, quantum-resistant algorithms are being developed, so when the time comes, Bitcoin will be updated accordingly, just like banks, Visa, Mastercard, and the entire fiat system, because quantum computers pose a real threat to all of them.

[sunsilk]

And what about the rumors about the possibility of Quantum Computing which I personally do not understand how it works.

I've been hearing that since I was new to Bitcoin. There was even another technology that was named before and said that it would destroy blockchain and would be able to decrypt wallets.

But where is it now? I even forgot what it was called. And so, all of these quantum computers, algorithms, or whatever they call it. It's just there to scare people, to scare holders, and so you will start selling and think that Bitcoin is doomed.

While they're able to successfully make those scared ones forced to sell, and they'll take it cheaply.