It is not known exactly who he is, but His recent moves with Bitcoin have triggered a real alarm.Who are we talking about? A Bitcoin user who made an unexpected move on his blockchain wallet. For eight years (2015-2023), this person (his exact identity is unknown) maintained the amount of 2.101 Bitcoin static, without moving themHowever, this person decided during 2023 to move these Bitcoins to two different addresses, causing a mismatch.
These kinds of movements shouldn't be strange, but it was a significant amount of these cryptocurrencies that were outside of market circulation. Furthermore, Bitcoin's price has increased dramatically over the course of eight years. Without a doubt, the two transactions this person made (transferring 8 BTC to two different addresses) significantly disrupted the Bitcoin market.
In the first instance, This discrepancy occurs because there was a large amount of money involved: 82 million euros. But, also because sA not inconsiderable sum of 2.101 BTC was placed back on the market. It's important to keep in mind that every four years, a "halving" occurs, meaning the number of Bitcoins that can be mined is reduced, thus minimizing the number of these coins. This reduction in the number of Bitcoins in circulation and that can be mined is necessary to keep the cryptocurrency's price from plummeting.
La The recirculation of 2.101 Bitcoins suddenly increased the amount of these coins and caused the price of this cryptocurrency to drop. The reason? When supply increases, prices fall. It's market logic: a scarce product has more value. But if a scarce product suddenly increases in quantity, its price plummets. And that's what happened to Bitcoin in 2023!
BUY BITCOINThe concepts of “whale” and “holder” in the crypto world
To understand what happened to this user who held more than two thousand Bitcoins for eight years, it is necessary to understand a couple of concepts: “whale"And"holder”. We explain them below:
- WhaleA whale is a holder of a large amount of a single cryptocurrency. Digital currency users tend to monitor the activity of these whales, as large movements can destabilize the markets. It's important to note that a whale stores their multiple cryptocurrencies in a single wallet, which is known, identified, and monitored by the crypto community.
- HolderIn crypto slang, a holder is someone who holds their cryptocurrency for a very long period of time, without moving it, even when the cryptocurrency price fluctuates. They differ from traders in that they don't monitor market movements. Holders hold crypto and reduce the circulating supply.
And what happened in this case? Who kept the amount of 8 for 2.101 years bitcoins, He was both a “whale” and a “holder”It is believed to be a person who bought his Bitcoins in 2015 and then simply forgot about them. For eight years, he held more than two thousand BTC., until he remembered he owned those digital coins. And he must have been in for a big surprise when he learned the value of those Bitcoins eight years after he bought them!
He invested 464 thousand euros and obtained 82 million euros.
When this person completed the amount of 2.101 euros in 2015, each of those coins was worth 220,85 Euros. Then, when these coins were traded in 2023, the value of each BTC was approximately 39.029 euros. Bitcoin's value has increased 177 times in 8 years! This is how the 2.101 BTC, in total, were quoted in 464.000 euros in 2015. But, in 2023 they rose to the price of 82 millones de euros.
We're talking about a big profit. But also a very unexpected move, since suddenly More than 2 Bitcoins returned to circulation. This caused the price of this currency to fall in 2023. However, in 2024 there was a “halving” (reduction in Bitcoin mining capacity) which caused the market to rise, to which was added the support for cryptocurrencies by Donald Trump in the US, which pushed the Bitcoin price up.
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That's what happened to the person who held onto 2.101 Bitcoins for eight years! However, there was also a dose of luck, because the BTC sale happened during a bullish period. We mustn't forget the enormous volatility of Bitcoin and other cryptocurrenciesAny incident can cause the bitcoin price rise or fall drastically. In fact, this sudden sale of over 2000 bitcoins caused a sharp shift in the cryptocurrency market, driving its decline.
It is for this type of circumstances that the so-called "Whales"are always monitored by the cryptocurrency user community. It is even said that in a few years, the "whales" will be the ones controlling Bitcoin prices. But The price of this cryptocurrency also depends on the “halving” or the appearance of other cryptocurrencies on the market. Also, the so-called "Bears", which is the name given to those who sell their cryptocurrencies wholesale when prices drop.
INVITE AND WINWe can talk about a “zoology of the crypto world”, in which there is Whales (people who accumulate a lot of cryptocurrencies), Bears (who are scared by drops in the price of cryptos) and toros (those who buy when cryptocurrencies drop in price). It's clear that this is a complex ecosystem, in which holding cryptocurrencies means being able to affect the market in the future.
