maartunn2022-11-11

2,000 Bitcoin moved with the age of 10 year. WHAT does it MEAN for Bitcoin?

Today there was (again) a transaction with old Bitcoin. Over that past months, I've been reporting these movements very often. In general, old coins moving is bearish. But given the frequency of recent moves, it might be even more concerning for long-term. Let's do a break-down 👇 Todays movement was coming from 2012. Back than, Bitcoin was just a minor experiment, while trading at $10. The people who were involved in Bitcoin were Cyberpunks, Miners, Visionaries, Criminals and so on. These coins have gone through multiple bear/bull markets, halvings, Mt.Gox, Blocksize wars, BTC Forks, COVID-20 capitulation. For that reason it's very surprising that have been multiple transactions with old coins on the move. What made them to move this coins right now, on a price decline while these OG-whales usually selling when price moves up? Is the outlook less bright than all those major Bitcoin events as I described above? I don't have the answer, but I'm happy to hear your thoughts about it 😉