$ (BTC) The Bitcoin Thread - NO SHITCOINERS ALLOWED

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>shorting Bitcoin in the face melting phase

Have fun with that.

thog said:
From what information I've been gathering, wallets seem a lot easier than I thought, and that was the main thing scaring me away from Bitcoin.
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It can get a lot more complicated when you start messing with alts and decentralized exchanges. Bitcoin is relatively simple and more analogous to an actual wallet.
 
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Satoshi-Era Whale Sold $9.5B Bitcoins for Crazy Profits
After 14 years with no movement, a Satoshi-era Bitcoin wallet awoke this week. The wallet, whose owner is unknown, moved two batches of 40,000 BTC each—valued at over $9.5 billion at Bitcoin’s current price.

One of these batches went to a wallet associated with institutional crypto firm Galaxy Digital, suggesting the tokens could already be sold or may be sold in the near future. Prior to this transfer, the wallet in question had never moved cryptocurrency after receiving the BTC all the way back in 2011, not long after Bitcoin’s creation.

Whatever the reason for the movement, one thing is clear: the owner of these tokens stands to make an insane profit. A $9.5 billion Bitcoin sale would rank this individual among the world’s 350 richest people—and that’s assuming they didn’t have $BTC in other wallets that may already have been sold for massive gains.

It also makes clear the incredible potential that comes with getting into cryptocurrencies early. 80,000 BTC was worth less than $70,000 at the time the wallet acquired these tokens in 2011, so a profit realized today would represent a gain of roughly 15 million percent.
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