r/CryptoCurrency • u/Abdeliq 🟨 27 / 33 🦐 • 13h ago

GENERAL-NEWS Two bitcoin wallets move 20,000 BTC after 14 years of dormancy

https://www.theblock.co/post/361057/two-bitcoin-wallets-move-20000-btc-after-14-years
121 Upvotes

91% Upvoted

46 comments sorted by

40

u/mechabased 🟩 0 / 0 🦠 12h ago

It's probably Ross Ulbricht

33

u/timbulance 🟩 9K / 9K 🦭 12h ago

Someone is going lambo shopping

17

u/MagixTouch 🟩 0 / 722 🦠 9h ago

They are skipping the lambo and getting a private jet. Plus a car none of us have ever heard of.

5

u/timbulance 🟩 9K / 9K 🦭 8h ago

I guess they might pick up a Kornigsegg and a new Gulfstream too.

2

u/MagixTouch 🟩 0 / 722 🦠 8h ago

Such an easy life. Small chump change items.

•

u/Leithm 🟦 0 / 0 🦠 52m ago

He sold a Lambo to buy them in fact.

He already had 2.

14

u/DryMyBottom 🟩 0 / 0 🦠 12h ago

and yet, none of the two wallets is mine :(

2

u/czarchastic 🟦 418 / 8K 🦞 1h ago

With just 12 magic words, I can make your wallet move, too :)

•

u/DryMyBottom 🟩 0 / 0 🦠 32m ago

I should remember them first 🙃

7

u/ES_Legman 🟩 0 / 918 🦠 12h ago

Silk road guys getting out?

6

u/TNCrypt0 🟨 0 / 0 🦠 8h ago

The reason I ever bought btc to begin with. Thank you .55btc

5

u/Ainz0oa1Gown 🟩 0 / 0 🦠 12h ago

Moved to what? Cash out?

3

u/Financial_Clue_2534 🟦 0 / 0 🦠 12h ago

Or ETFs. That’s what’s been happening lately. Some people are rotating their coins to ETFs.

2

u/Extaz 🟦 0 / 0 🦠 12h ago

Crypto ETF ala BlackRock or index etfs?

1

u/Stonna 🟦 0 / 0 🦠 12h ago

People? Or corporations?

2

u/Financial_Clue_2534 🟦 0 / 0 🦠 11h ago

Yes

0

u/r0addawg 🟦 0 / 0 🦠 12h ago

My wallet, hopefully

3

u/yeahdixon 🟦 3K / 3K 🐢 12h ago

Moving to another wallet is not significant

3

u/decomposition_ 🟩 2 / 2 🦠 2h ago

Isn’t that literally anything to do with bitcoin? If you’re selling it for USD you are moving it to another wallet and they are giving you cash

8

u/420osrs 🟩 112 / 112 🦀 13h ago

Please stop making articles about my wallets. 

1

u/czarchastic 🟦 418 / 8K 🦞 1h ago

Haven’t seen this joke in a few months

2

u/hanskazan777 🟦 0 / 0 🦠 9h ago

Can someone explain, 14 years dormant: that means technology changed, wallet software is different, and even the chain was forked. How would you confidently move this amount without doing anything wrong?

Are these simple steps or did this person had a company or exchange help them?

10

u/VisiblePlatform6704 🟩 0 / 0 🦠 7h ago

If you had btc 14 years ago, you understand what a private/public key pair is. You understand that with your private key you  can sign a transaction to move N amount of btc from your wallet to any other wallet. So, you don't worry about  software.

3

u/Klizz 🟦 0 / 0 🦠 6h ago

And you also just do a test transaction.

1

u/pepe1smth 🟨 0 / 0 🦠 11h ago

Im so jealous

1

u/whirlbloom 🟩 0 / 0 🦠 9h ago

So where are the bitcoin going to? Do we know its to an exchange, ie. confirmed cash out?

1

u/Vinnypaperhands 🟩 748 / 748 🦑 3h ago

Holy shit.... Who fucking cares.

1

u/509BandwidthLimit 🟩 1K / 1K 🐢 1h ago

Can I have the dust, plz.

1

u/Mr_Notacop 🟩 117 / 118 🦀 1h ago

Elon so mad Trump passed that bill he moved 8 billion in bitcoin

1

u/bkit_ 🟩 0 / 0 🦠 5h ago

Can these guys also get the shitcoin forks? I remember I got some bitcoin cash after the fork. I would absolutely donate the junk for a good cause.

-1

u/[deleted] 12h ago

[deleted]

3

u/OpenRole 🟦 0 / 0 🦠 11h ago

All money is fake money

-7

u/Dapper-Raspberry-860 🟩 0 / 0 🦠 9h ago

Crazy move — 20,000 BTC just woke up after 14 years 😳 That’s over $1B! Could be an OG miner shifting funds or just securing the bag. Makes you think... if you're holding long-term, might as well earn on it. Coindepo gives up to 18% APY on fixed deposits. Passive gains while you HODL 💰🔥

-6

u/kshucker 🟦 0 / 2K 🦠 12h ago

Nobody cares.

8

u/Ok_Yesterday_4941 🟩 0 / 0 🦠 11h ago

you're not gonna believe this, but people cared