A long-term holder of Bitcoin has moved their cryptocurrency after over ten years of no activity. The Bitcoin whale was spotted by analysts moving over 100 Bitcoin from two separate wallets that had been quiet for the past decade.
The last noted activity (apart from two transactions that brought a modest amount of Bitcoin into the wallets) was nearly 11 years ago and the whale, a Bitcoin miner, has not touched the wallets until now. As pointed out, the occurrence of such a long-term HODLer is so rare it’s only happened a handful of times in recent times:
Some old coins moved today (100 BTC from June 2010).
It’s very rare to see pre-GPU era bitcoins move, it only happened dozens of times in the past few years.
And no, it’s probably not Satoshi. pic.twitter.com/0jZXnmWUes
— Antoine Le Calvez (@khannib) February 24, 2021
The owner of the wallets is the same, as implied by the fact that the two mining address outputs were combined in the latest transaction. Moreover, the last few blocks mined by the address owner were mined in a close amount of time, indicating that the miner suspended their mining Bitcoin activity for both addresses at the same time.
The speculation that a veteran miner like this might be Satoshi, the creator of Bitcoin, is unlikely to hold any weight. This is because the blocks mined range between blocks 60365 and 60385, while Satoshi is suggested to have mined over 1 million Bitcoin.
Bitcoin mine return and value increase
Looking at the current trading price for Bitcoin, the over 100 Bitcoin moved is looking at a value of almost $5 million USD. At the time that the owner mined the tokens, Bitcoin was trading at only $0.08 USD. This means that from then to now, the holdings in the addresses have gained 622,500 times their value. Bitcoin’s value increases have seen exponential spikes, as bull rallies have led to strong new support levels.
The post Whale moves 100 Bitcoin; first activity in over a decade appeared first on Coin Insider.
To make an investment, is basically to put money into the hope of gaining some advantage in the future for your money. The term “investment” can be used in many different ways; it can mean paying for a vacation, buying a new car, paying for college education, or even saving for retirement. Any investment that you make has potential value and there are different strategies you can use to gain the greatest advantage from that investment. Investments can be made in many different fields including the stock market, real estate and bonds.
The stock market is perhaps the most widely recognized form of investment and is usually associated with businesses or the value of stocks. There are a number of strategies, investors can use to gain the greatest advantage from those investments. One of those strategies is to use leverage; increasing the amount of risk you take by putting more money into the investment. Leverage is a term that is used to describe the increased risk/reward ratio of an investment; the higher the level the greater the potential gain.
Real estate is another popularly recognized investment. Real estate includes a variety of assets including residential homes, commercial properties, raw lands and the equity in machinery, equipment and supplies. An investment in real estate typically involves the purchase of land and building materials with the goal of developing that land into a residential or commercial property. When you are investing in stocks, bonds, gold bullion or other commodities you are not buying the physical assets but the equity in a company. A common example of this would be the bonds issued by a corporation.
An important aspect of investing is determining your risk tolerance. Your risk tolerance is basically your ability to accept financial loss without it affecting your income. The stock market is a huge part of the global economy, so there is generally risk in all aspects of that global economy. For that reason many investors will focus on the stock market in their portfolios as an area to be managed and researched in depth. Because the stock market is highly volatile, an investment manager will likely advise an investor to take a long term approach, focusing on improving the overall profitability of the portfolio while reducing risk.
Finally, many investors choose to diversify their investments and invest in different types of securities including government bonds, mutual funds and other potentially risky but potentially rewarding investments. Some examples of these types of investments are real estate notes, commodities, options, specialty stocks and more. Diversification of your portfolio is important because if you have one form of investment you are not as exposed to market movements and fluctuations. For instance, if you own a lot of U.S. Treasuries (the most commonly purchased form of security in the market) the value of those treasuries might drop due to political unrest or other factors. By diversifying your investments you will reduce your exposure to risk but increase your potential for profit.
Regardless of what type of investment you choose to invest in, understanding the process is very important. Your goal is to build wealth over time so that you can provide a comfortable lifestyle for yourself and your family. Understanding how securities like equities, bonds and other investments work can help you achieve your financial goals.