Some times I read articles that write about very old bitcoins like come from 2010, 2011 years. They woke up and were moved in on chain transactions in 2023.
I read some discussions that those old bitcoin movements can create fear on the market. People think those old bitcoins can be dumped on the market and will cause a price fall.
I don't think those old bitcoins are enough to dump the market. Those coins and movements only cause uncertainty and affect people with weak mentality.
Please share your opinion.
Most times such articles are built up to exert fears and tension among traders in the market, panicking to sell out based on what they have read. Some of these article company's have lost audience as it were and therefore making up a subject as this to cause FUD among unsophisticated investors in bitcoin could attract a traffic wave for them among crypto enthusiasts .
If anyone with such decades old bitcoin decides to sell, it's possible that such person or persons has got a dire need to deal with money and that doesn't mean it's going to have a devastating effect on the market. The market doesn't always have to be rosy anyway.