Kept In A Drawer for 12 years, $4,905 Physical Gold Bitcoin Now $48 Million

lol, no video. The public key is only the address that can be looked up on the blockchain explorer, but to transfer the coins from one address to another address, the private key is needed

See this public address 17HzvxMhoke5K3oavLzPGkLy4zd35KjWEb has over 119 bitcoins? I cannot transfer those bitcoins to Coinbase and sell them since I do not have the private key to that address

https://www.blockchain.com/btc/address/17HzvxMhoke5K3oavLzPGkLy4zd35KjWEb

K, K, no video. I cry uncle on this one. I am not versed in the public/private key thingy. When I see talk about keys, all I think about is Pretty Good Privacy and try to remember how THAT all works. I found it fascinating back then.
 
K, K, no video. I cry uncle on this one. I am not versed in the public/private key thingy. When I see talk about keys, all I think about is Pretty Good Privacy and try to remember how THAT all works. I found it fascinating back then.

I think you already got it. The private key has to be hidden because if it wasn't, anyone can take a picture and steal the 1000 bitcoins
 
I think you already got it. The private key has to be hidden because if it wasn't, anyone can take a picture and steal the 1000 bitcoins

And that is why they put the private key under a tamper-proof seal. How about..."Possibly void if removed"?
 
And that is why they put the private key under a tamper-proof seal. How about..."Possibly void if removed"?

Of course, but as I've posted several times now, the current owner should redeem the 1000 bitcoins now and transfer to multiple addresses. See my posts for my reasoning
 
similarly / conversely,
kept in a drawer for many years,
a few million Lehman Brothers / Barings Bank shares,
now zero.
 
Of course, but as I've posted several times now, the current owner should redeem the 1000 bitcoins now and transfer to multiple addresses. See my posts for my reasoning

Yes. Because the guy has a little coin worth 50 million + 1oz. gold value of like 1800 bux. (So 50,001,800 bux), and there are mufasas out there that would kill him for it. :-)
 
In 2021 Bitcoin has also been growing with solid rates.The demand for bitcoin from investors is growing due to the increase in the money supply by the USA and the depreciation of the dollar and other world currencies. So if you still want to deal with it - go for it. The main thing is to read a bunch of information about bitcoin fundamental analysis before investing your effort and cash into it. It is very important to look into as much statistics and experience of other inverstors, as you possibly can so that you can predict the future graphics.
 
I think that the person who kept such a large amount of bitcoins probably already sells them and becomes a millionaire little by little. Yes, it's cool, of course, that bitcoin has grown so much, and this guy is lucky, but I have one question: how to cash out all this money? Does he have to pay taxes to the bank to get this money? It's good that I haven't been involved in cryptocurrency for a year because I knew that sooner or later, this financial bubble would explode, and that's what happened. Now I'm reading articles on Young and Thrifty about trading and how to find a good broker. That's what can bring me money in the future.
 
I think that the person who kept such a large amount of bitcoins probably already sells them and becomes a millionaire little by little. Yes, it's cool, of course, that bitcoin has grown so much, and this guy is lucky, but I have one question: how to cash out all this money? Does he have to pay taxes to the bank to get this money? It's good that I haven't been involved in cryptocurrency for a year because I knew that sooner or later, this financial bubble would explode, and that's what happened. Now I'm reading articles on Young and Thrifty about trading and how to find a good broker. That's what can bring me money in the future.
 
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