They spread such news as good news, no I disagree with you. Such news is used to create panic and vague uncertainty that will early whales move bitcoin to dump on the market.

Bitcoin market is in fearful time recent weeks and you see any coincidence that such news is used again. Similar news like big whales move their bitcoin and deposit to centralized exchanges, to create fear that whales are preparing for sales on centralized exchanges.

They choose very good time to release news that can affect market participants on panic or fomo. Good news when market makers want the crowd to FOMO, and bad news when market makers want the crowd to be panic.

I'm not aware of a time limit as to when or how long  you can HODL?

If Bitcoin goes to $1,000,000 in value will the people who got it at $20,000
be allowed to liquidate their wallet buy your rekoning?

Moving legacy Bitcoin to an exchange can be seen as a positive thing, its finally
moving and isnt one of those "when is it going to dump" same as the MtGox
Bitcoins. It is seen as painful by a lot of people, but its going to happen, no point
stressing over something you have no control over.

I thought I was the only one that sensed some kind of hostility in Op’s post. If they were able to hold up to this day so why shouldn't they sell? To me I feel it's their reward for being able to keep it safe till now - it's true that that kind of large movement will result in price movement that might affect others but still it can't be helped.

@larry_vw_1955, why do you think Bitcoiners always advise newbies or those that are into Bitcoin to always hold if not to make profit in the future?

It sounds rude, but i feel jealousy from your statement. We don't even know whether the owner just remember he used to mine Bitcoin and manage to restore his Bitcoin or manage to hold over 14 years which isn't easy feat.


I doubt it'll happen when few company decide to hold Bitcoin as one of their treasury. Here's the list if you curious, https://www.coingecko.com/en/public-companies-bitcoin.

They don't say it like it's good news, they mentioned in their article that an old address sending many Bitcoins to an exchange address is often seen as a bearish sign because people deposit coins with the aim of selling them, to cash out.
It's not predatory either. They got it free because there was no demand on Bitcoin when they mined them, as well as there was no competition. Now the demand is very high and people are willing to pay 60K to buy a single coin. What's unusual in it? Why should he burn on donating 50 Bitcoins? Yes, he got it for free but it's completely okay to profit today from them.

You are right, almost every adopter sold it at a super low price and I believe no one would be able to wait till 2024 to sell them at 60K. This is definitely a lost or forgotten coins.

lol what? predatory? It's predatory for someone to sell some of their assets?? That's a bizarre take. Just a regular person deciding to sell (or at least move) some of their bitcoin. Nothing good or bad about it, just someone doing whatever they want with their money, same thing everybody does everyday.

And nobody is "making people" pay $3 million for this. It's a market. People buy and sell willingly at current market price. Also each market participant is an individual who is trying to help themselves, not other people, so your "that's not helping them is it?" comment is super bizarre. Your entire take on this is super bizarre.

This is indeed not a good news, but what can we do?. I can't say it's a free money because they work for it in some kind of way, because the hash power of their computer did the work, and they didn't get the computer for free. Moreover, this shows how important early knowledge is to those who seek.

I don't think this occurrence will stop anytime soon. This wallet that was recently revived was a dormant wallet till the owner decided to transfer the funds to a centralize exchange. There are so many dormant wallets that are currently inactive, but with time, the owners will start moving their funds.

But what surprises me is why the owner choose to move his/her funds at this point in time when Bitcoin price is far below it's ATH.

I disagree.

It is good news.  All that Bitcoin is distributed back to other people.  Chances are, MANY more other people than just one entity considering the amount.  Besides, Bitcoin is circulating so it is working as it should.

I find it kind of dubious how people hope the people who Mined Bitcoin back when Bitcoin was unknown lost their belongings just so we could profit today.  If anything, I think they deserve that Money more than we do.  Thanks to them, Bitcoin exists today.  If you found a decade old Wallet with MILLIONS in it, would you not take the Money out of it?  Any of us would.  I believe it is a deserved win.

If every body who still has Bitcoin from that era sells off or loses their Coins, then there will be newer 'oldest dormant Wallets' that would do the same thing.  In 2040 you may see Wallets from 2013 selling massive amounts.  You can not stop that, it is an infinite cycle unless Bitcoin dies out and there is no body who sells.

As long as they make a profit, it doesn't matter what price they sell bitcoin at. Furthermore, the future is unpredictable so it won't be too bad for those selling bitcoin while it has value 50$ or 100$.
Many investors now like to criticize and call early investors stupid for selling their bitcoins too early. But I bet you that even if you had the opportunity to buy bitcoin at $0.05, you would soon sell it when it reached $1 let alone hold it until it reached $10 or 50$.

Like many predictions and many people believe that bitcoin will touch 1 million in the future, but how many people can buy from now and hold until then or will we sell them soon when it reaches 100k$? We are only good at criticizing others but we are no different from them.

You don't want people to sell their coins? What does it matter to anyone when they mined it and what it cost them to mine it, it is their BTC, and they have the freedom to do whatever they want with it. Early adopters contributed so much to the network, even if it was just believing in BTC and mining it, so many people in their time also heard about BTC, but called it a scam, so i don't think it is right for someone to be jealous of an early adopter who sold some of their coins.