Bitcoin OG sells bitcoin

[Patikno]

Yeah, I'm confused too. I checked the price of Bitcoin around 2012, and the price all year round ranged from around $4 at its lowest to $13 at its peak. So, I am a bit confused where they got the $332 bitcoin each.

Kudos to the guy for holding his bitcoin for more than a decade. If it were me, I would probably have sold them a long time ago.

Based on the cmc site, I saw that Bitcoin price was around $5 at the beginning of the year, and its highest price was around $12 or $13. I am also confused about where the $332 price (from the source OP included) came from, maybe it was 2013, because at that year the price had reached hundreds of dollars, and it started a few months before approaching the end of 2013. Well, I don't know the exact incident, or the price of Bitcoin at that time, as I didn't know anything about Bitcoin at that time. Maybe, the OGs in this forum can explain in more detail based on their firsthand experiences at that time.

[Pablo-wood]

Holding from 2012 till date wow that's such a long time dude. This is real investment and cashing out 2500 isn't completely a bad decision. The proceeds can be invested into something else with a big view of what tlis left will yield in another space of 12 - 14 years. This is huge patience paying off.

I am just wondering how this dude will be feeling selling off those amounts of coin and the kind of luxury and investment choices that will be made in this regard. I will call this a big height of discipline and patience.

[Localhostspeed]

Bitcoin ‘OG’ who bought bitcoin back at 2012 just sold a new batch of bitcoin yesterday. The wallet initially held 5,000 bitcoin but now only has 2,500 after continuous selling from the holder. He seems to be methodical about his selling strategy usually going from 250-500 bitcoin per transaction. Don’t take this as a negative sign because he has been selling since December 2024. This is only to inform and maybe inspire as this is one of the most profitable HOLD-to-exit arcs in bitcoin. The OG’s total profits have exceeded over $500 million.

Though in articles related to this, it said that bitcoin was bought back in 2012 when it was priced at $332 each. But bitcoin wasn’t hitting that high back in 2012 cmiiw. It didn’t peak over $300 until much later on, no?

I think this person deserves to do any thing that he likes with his Bitcoin. This people watch Bitcoin experience the worst times of Bitcoin FUD and they refused to sell but now they are selling their thing gradually. They are enjoying the fruit of their labor, this is what you can do as an investor that has put all you have into buying the only most scarce asset in the world and there is none close to it, don't be surprised if he has more he is holding and nobody knows the wallet belongs to him.

I like the fact that everyone is becoming stronger in this game of holding. If it was then when an old wallet that hold Bitcoin moved, not sell but moved to another wallet, the whole market will panic, you see people run to sell their coins because of the fear but now, it's getting mature each an everyday. If you have billion dollars to sell of Bitcoin, the market is ready to take that load, just bring and sell it, another person will buy it from you.

[lionheart78]

It is no news that pioneers are selling Bitcoin, they have to do it to cash out profit.  I don't know why this topic has become the talk now.  Is someone insinuating something? Like spreading FUD about holders selling their stash now?

As for the seller, I have the feeling that this is not his bitcoin holdings alone, maybe he has far more BTC holdings that is sitting on another wallet address.  But yes, we have to commend the holders that he is able to keep BTC for more than a decade before he start selling.

[SuperBitMan]

There are so many long-term holders who have sold their Bitcoin to make a profit, so it's not something to make a big deal about when they decide to sell to make a profit. But whoever it is, he has secured more than $500 million USD from his investment. That guy must be living the good life somewhere on his yacht.

Yeah some people have sold their bitcoin they have been accumulating for years the reason why will are investing in bitcoin is to make profit and if you think you have made good amount of profit and you decide to sell you can do that and nothing will happen, we are not investing in bitcoin just to hold it for ever we are doing it to sell one day and when we sell we use it for ourselves.
Yeah the guy may be living a good life just like you said however it will be very bad to sell your bitcoin and then later become broke, when you sell your bitcoin make sure you use it very well so you won’t go broke immediately.

[HONDACD125]

When writing these articles, the publisher should always endeavor to use the right information and share the correct stats to avoid misunderstanding from the readers. I wouldn't believe this article, personally but in the meantime, I know there were many investors who bought Bitcoin then at cheap prices. Those investors are gradually selling off their holding, bit by bit. It will take a long time before they will sell everything off, and be in huge profit. If I were this investor, I will leave the remaining Bitcoin for the next 1 decade or 2. Bitcoin should be almost 300k to 500k in price for one.

You are saying you would keep holding for another decade or two because you don't have them, if you had them, and you knew you could really use that money at the moment, you wouldn't hesitate taking some profit and selling a percentage of the stash at a price that isn't really bad. They must have sold some when Bitcoin was above $120k, for sure, but they probably needed some money right now which is why they decided to liquidate some more of the assets, or maybe, he sensed that the market is not going to go any higher from here, so before the bear market hits us hard, he decided he would prepare for it beforehand.

People of his calibre are set for life, they won't even need to do any business or anything and just use cryptocurrencies, especially Bitcoin, to make a living, because imagine you have a few hundred thousand dollars, and Bitcoin goes back to $30k in the bear market, you buy a bunch again at that price, and wait for the bull run and sell them again above $100k or maybe even $200k since the price will eventually keep going higher after every cycle and block halving.

[Asiska02]

Yeah, I'm confused too. I checked the price of Bitcoin around 2012, and the price all year round ranged from around $4 at its lowest to $13 at its peak. So, I am a bit confused where they got the $332 bitcoin each.

Kudos to the guy for holding his bitcoin for more than a decade. If it were me, I would probably have sold them a long time ago.

Not every holder of Bitcoin today would have being able to hold for this long if they’d had to hold Bitcoin from the early days of it. The price increase from that time till now have shown a significant progress that shows that it became very tempting to most people to sell which most of them did and couldn’t hold till now.

A lot of people that would be fascinated by this guy for holding for this long can only praise him for his resilience and patience throughout all this period, most of them can’t do the same and that’s just the fact about bitcoin investment.

Before now, not until Bitcoin has proven to be very a valuable asset to invest into for the long term, many would only scalp invest into it that they only invest prior to bull run and take profit after bull run, they won’t trust the process to hold for a long term.

[Churchillvv]

The buy price is now where it’s confusing but I’m not gonna look at that because there is no way I will get answer to that no matter how long I keep trying to figure out. But however it’s one of the people who made it to holding to till this day and having the wallet secured is one thing that I think is legendary because of of this guys (OG) usually loss some coins to hacks because they are not able to update the wallet security but he did and made such profit, very much iconic act.

[finaleshot2016]

There’s a bunch of satoshi wallets sold recently and I think that’s okay, holding for years really paid off. I’m only seeing the positive perspective as there are people can be easily affected by emotions and sold early but imagine how he maintain that posture for years, not selling BTC until now. This is a major life decision where your wealth could depend on, some will definitely sold it after a quick pump but some can wait for years and having a primary goal when to sell, it’s a combination of discipline and resillience. And for us, it’s not a major issue, we’ve entered crypto knowing that there are some wallets holding a lot so expect that someday it will be sold.

[tread93]

Bitcoin ‘OG’ who bought bitcoin back at 2012 just sold a new batch of bitcoin yesterday. The wallet initially held 5,000 bitcoin but now only has 2,500 after continuous selling from the holder. He seems to be methodical about his selling strategy usually going from 250-500 bitcoin per transaction. Don’t take this as a negative sign because he has been selling since December 2024. This is only to inform and maybe inspire as this is one of the most profitable HOLD-to-exit arcs in bitcoin. The OG’s total profits have exceeded over $500 million.

Though in articles related to this, it said that bitcoin was bought back in 2012 when it was priced at $332 each. But bitcoin wasn’t hitting that high back in 2012 cmiiw. It didn’t peak over $300 until much later on, no?

Source

Wow, that is incredible. That is a dream lol. I wish that I had got into bitocin early on and  stockpiled man, life would either be incredibly fun and different or perhaps horrific and dull. Money changes people in the wrong state of mind

[LastKiss]

There’s a bunch of satoshi wallets sold recently and I think that’s okay, holding for years really paid off. I’m only seeing the positive perspective as there are people can be easily affected by emotions and sold early but imagine how he maintain that posture for years, not selling BTC until now. This is a major life decision where your wealth could depend on, some will definitely sold it after a quick pump but some can wait for years and having a primary goal when to sell, it’s a combination of discipline and resillience. And for us, it’s not a major issue, we’ve entered crypto knowing that there are some wallets holding a lot so expect that someday it will be sold.

Many Bitcoin OGs are selling their holdings in batches lately, likely to secure the best possible prices without causing excessive market impact. Altough the media made us confused that he's bought it in 2012 maybe typo (which I believe it's 2013) cause if we see it on Arkham it showed 2013 instead of 2012. What’s made it incredible was the discipline required to hold Bitcoin for that long enough through relentless FUD, extreme volatility and multiple market cycles. Anyone without strong conviction would have likely sold much earlier, perhaps after seeing their portfolio go 2x or 3x. Moments like this remind an important lesson that long-term holding Bitcoin has consistently proven to be rewarding. Many people including myself will becoming increasingly confident that patience will reward all of us.

[Publictalk792]

However, as others report, Bitcoin old timer bought 5,000 coins in 2012 at 332 USD, you are correct to point out that math does not match history, as price of Bitcoin in 2012 never went above 20. Actual cost price of holdings in end is $332 which explains why investor probably bought their coins in late 2013 and has been holding them since, so that they can now have huge profit of over $500 million. This whale has been quietly selling small amounts of 250 to 500 Bitcoin at time since end of 2024 to avoid market crashing, which is considered clever method of taking profits and not showing market crashing. This is amazing hold to exit tale that is helpful in that patience has paid off over years through rises and falls of prices, which may lead to life changing wealth as value of Bitcoin goes up over time.

[Oasisman]

Though in articles related to this, it said that bitcoin was bought back in 2012 when it was priced at $332 each. But bitcoin wasn’t hitting that high back in 2012 cmiiw. It didn’t peak over $300 until much later on, no?

Though you are entirely correct, that doesn't matter anymore, considering how huge this OG bagged after selling portions of his long term holding. Whoever owned this wallet got a huge picture back then on Bitcoin of what's about to come in the future. Not so many people have this kind of mindset, even after hearing about Bitcoin for the first time or even after reading the whitepaper. During that time, I got a rough estimate that 1 out of 100 people believed in Bitcoin and had at least 1 piece in possession. Some may have an unfortunate case of forgetting their key phrases, but for those who don't, this is a complete definition of reaping what you sow. 

[MainIbem]

I wonder how he came up to the conclusion to HODL that much for suchhh a long time.

He is a legend  

He's futuristic and knows that holding Bitcoin for a very long period is the best way to add more value to it, from the OP's post it seems such person has a good knowledge of how Bitcoin operates which is why he didn't sell all at once but in portions and that's how it should be, newbies should learn that when you they make profits after holding for long, you don't sell everything in your portfolio but take some portions of it and still continue accumulating to replace what is being taken from their portfolio

[Vvang]

Bro must have forgotten that he is a human after all, sitting on millions since 2012 and keep living life like its nothing is a cruel way to live life when you know that you have no unlimited life. People always don't want these OGs to sell their bags because they feel like the price would dump but what if they are the OGS? Wouldn't they have sold already?

OGs have every right to sell if they want, they are humans just like us, I have never for once monitored whales bags because it makes no sense to do so, they have the right to enjoy their money and it shouldn't be tampering with my own accumulation.

[Judith87403]

You are correct with such question to that detail.

Bitcoin does not trade at $332. In 2012, prices used to be mostly in the single digits to low teens, with the annual high within $13. The initial time Bitcoin went beyond $300 was in the late 2013, at era of Mt. Gox.

So the articles with claims of 2012 purchase at $332 are nearly certainly wrong or written loosely. Is either the coins were purchased in 2013, or the wallet  accumulated with and got mislabeled as a single 2012 purchase.

Haven said that, the wider point still stands. A holder for long-term scaling out gradually over years is rational, instead of bearish. This is what existence of real cycle look like, not selling out of panic.

[nemesis_incarnate]

You are correct with such question to that detail.

Bitcoin does not trade at $332. In 2012, prices used to be mostly in the single digits to low teens, with the annual high within $13. The initial time Bitcoin went beyond $300 was in the late 2013, at era of Mt. Gox.

So the articles with claims of 2012 purchase at $332 are nearly certainly wrong or written loosely. Is either the coins were purchased in 2013, or the wallet  accumulated with and got mislabeled as a single 2012 purchase.

Haven said that, the wider point still stands. A holder for long-term scaling out gradually over years is rational, instead of bearish. This is what existence of real cycle look like, not selling out of panic.

I strongly agree.

To not to see your results being fixed only for a fracture of what you still hodl is not the way.. Eventually, you would want to see your BTC that's with you to be used via services or converting the smallest fracture of it into fiat..

We can't and shouldn't HODL forever.

[Rashlyowl]

Will the next 10 years bitcoin increase can be tens of thousands of percent? The increase in BTC from now onwards will not be too significant like at the beginning of 2012 to 2020, it's just that it's sure enough for us BTC can reach millions of dollars, so we have to be able to go through that event whether good or bad.

Imagining thousands percent increase is not something I can do at the current BTC price, like something impossible will happen. If that happens, it may have to take all the capitalization from the traditional markets of various countries. 10x - 20x increase from the current price would be a beautiful dream for the community, since I hold BTC, I hope that by 2030 at least Bitcoin will reach its first $1,000,000.