I wonder how long it will take for people to learn to not freak out? Or have they already learned. Looks to me based on the current market price that they haven't learned.
Bitcoin Wallet Reactivated After 12 Years Moves 500 BTC
Honestly, the most interesting thing about this is the transaction :)
There will always be new people around, so there will always be people who haven't learned to not freak out.
True, though it should decrease over time but not likely to be significant in decline for some time.
Also now that I have checked the "news" I bet the Argentina news is a bigger reason for price movement. Whatever. I'm not making any decisions based on this.
Just🍿
What's going on in Argentina?
Heard Strike is pulling out due to gov restrictions with their partner there. Don't know the details.
Sorry guys... I was just consolidating 😂😂😂
No need to freak out.
Some day in the future kids will mock this generations stupidity around bitcoin. I hope I live to see it.
At least they know that legacy addresses are to be upgraded to at least segwit.
I think that's why is moving now.
Yeah, thought that as well.
chill
https://imgprxy.stacker.news/shmx2FOtj8jxJ5BK1041AVXZpXFEqAC_1GJVM0CiSgI/rs:fit:1920:1080/aHR0cHM6Ly9pbWFnZS5ub3N0ci5idWlsZC8xMDMxNjlhOTg0NGNhM2U4NjY2YjE5Yjc2NDdkOWRkNDEyM2RhZjMzYmZhYTVlNmEyNmE0ZTMzZTNiNjk2MWFlLmdpZg
I don't think this has anything to do with the market action. OI was climbing all weekend heading into Monday. I think the degen market was betting on a strong inflow day but GBTC had another huge outflow day and the rest of the etfs didn't make up for it. Price started to drop as the market digested the fact that huge inflow numbers from etfs have stalled at least for now. A whole bunch of degens got liquidated in low volume overnight and wall street piled on when the futures opened. Remains to be seen if etfs will be dip buyers or get spooked and sell. Down day in stock indexes as well.
Thanks, this is why I don't trade :)
I don't trade either but I like observing the markets. I day traded commodity futures for a year after I left my corporate job and before my business really ramped up and it was fun but also far too stressful. I couldn't disconnect. I would be up all hours of the night to see what was happening in Asian and European markets. I did pretty well but then got caught in a natural gas trade that went sideways due to an unseasonably warm beginning to winter and I couldn't defeat the sunk cost and ended up riding it down for months and wiped out almost all my profit from the rest of the year. I did end up with a small profit overall, maybe about 5k but certainly wasn't worth the time invested.
Interesting.
I love seeing stuff like this though. Look, someone is able to use bitcoin they have held all this time. All about your perspective. If they are gonna throw it away for fiat then maybe it will be held by someone with stronger hands.
I turn 54 in less than a week and I still freak out.
Just not about this. :-)
Dang I wish I was that early. Why so many single bitcoin wallets? That's fascinating.
Oh wait, I was thinking of another transaction. The one I linked. I mean I suspect they would want to move from one address to many for privacy. Basic UTXO management is my guess. Some say this is in prep to sell on exchanges but that seems like a big speculation.
Me worrying about consolidating UTXOs while others worry about splitting the UTXOs haha oh well...
Oh to have that problem.
It is fascinating. I've read it was from mining but I have no clue.
Everyone has their price, or life circumstances happen sometimes.
I don't freak out anymore but I remember a time a few years ago when I almost vomited from the volatility. I remember going through some self reflection afterwards and coming out the other side a better investor.
So yes, I think it does take time for people to learn not to freak out and that experience is different for everyone. Presumably some people never get over it.
That said, we can't assume what's happening in this persons life. Maybe they're dying or died. Maybe they're buying houses for their kids. Who knows?
And if you think about it, this is healthy for the network. These 500 BTC will hopefully end up in the hands of 500 or 5000 new people.
After seeing BTC drop more than 80 percent in a relatively short period, I'm no longer scared of anything.
Could be this?
https://www.coindesk.com/markets/2024/04/02/silk-road-bitcoin-worth-2b-moved-by-us-government-on-chain-data/