Bitcoin sold out | Bitcointalksearch.org

jakezyrus

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Quote from: zikabra on November 01, 2017, 08:43:25 AM

It would decrease bitcoin price, and not only if satoshi sells his bitcoins because he is not the only one who is holding large amount of bitcoins.
But look at it in positive way, if that happens bitcoin price will go down and you will be able to buy cheaper bitcoins and sell them later for higher price Wink

some says satoshi nakamoto is dead so , he cant never sell his own bitcoin and the whales are only holding a large amount of bitcoins but i guess they wont either sell it because if they do , it will greatly affect the market and will ruined the bitcoins value. but i dont believe that bitcoin will be sold out because there are still millions of it that arent mined yet and the others are always circulating from one person to another.

Granxis

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Quote from: Lampaster on November 03, 2017, 02:35:25 PM

Satoshi would never do that. Why would he sell such quantities of coins. He understands that this will reduce the price of bitcoin on the market and he will get less profit. Why did he have much money? That is, if it exists. If these coins belong to the group which is not interested in the existence of bitcoin is that it can be used as a mechanism for the destruction of bitcoin.

Sataoshi's Bitcoins sells will not overpower the prices, Bitcoin has a $ 100 billion volume, similar to getting a few drops of water from the sea.

ultrloa

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Quote from: Dalmar on November 02, 2017, 03:27:35 AM

Quote from: investeerder on November 02, 2017, 02:34:08 AM

Quote from: Oilacris on November 02, 2017, 12:19:36 AM

Quote from: pooya87 on November 02, 2017, 12:01:26 AM

first of all they guess that satoshi may have about 1 million bitcoin, nobody knows for sure how much of if satoshi even has access to them or even is alive or not!

secondly, someone who waits this long (8+ years) is not going to suddenly unload 1 million coins on the market to harm what he himself created! that would be idiotic.

and finally 1 million sell off is not going to do anything to the market. but satoshi stash moving may cause some panic, and the bigger market gets the smaller this panic will be.

No one really knows if satoshi do have really that possesion of 1 million bitcoins and same as you said it would really be an idiotic move for him to see his creation to be affected on the possible actions that he would made.If he do need money then he can easily make cash-out but not on bulks for sure.If he do own 1m coins then its none of our business if he would sell it or not.

That's a lot of money Shocked

and I don't think satoshi would not kill his coin since if he really want that he wouldn't take this for so far and I'm really sure that he is smilling right now since this invention really helps those people who's in need of money. But the one bothering me is why does satoshi doesn't show up his identity up till now.

He accpeted smart decision with hiding himself from community.Maybe in future he wonna to talk in showtalk about his invention. Who knows? Things change eveyday so fast. Blockchain can replace world's finance system and it has this potential.

I'm doubting that digital assets can replace the financial systems globally since there are certain aspect for this to became will adopted well and there are certain countries are outdated to the new technology brought up today. But who knows maybe in near future we can see that the domination of the bitcoins and other digital assets will push up and maybe we will be lucky to be a early adopters to earn more on this digital era coming on future.

laluna24

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Quote from: omonuyak on November 03, 2017, 03:47:12 PM

Satoshi can decide to sell of it bitcoin without mush infect on bitcoin pricing. 5% can bring bitcoin down but that will create opportunity to buy bitcoin at the cheap price. Bitcoin can now live without an individual and what ever happened we have achieved a lot of progress in this bitcoin for the past year.

If this would happen a lot of users will buy bitcoin at the cheap price. But if we can see the current situation price is rapidly increasing fast and I dont think it will happen anytime. There are many who supports bitcoin already and it will continue to grow.

oblox

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Effectively count whatever he/she/it/they have out of circulation.

jorneyflair

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Quote from: SpinozaBenedikt on November 01, 2017, 06:00:07 AM

My dear,
tell me somebody what will happen to bitcoin, if Satoshi sell it his 5% that is more than a million units?
Whether it can ruin the market or not?

Firstly, we don't know for sure whether or not satoshi actually have that much bitcoin. It's purely speculation right now whether or not he does have that amount and you'll have to do your own researrch and formulate your own opinion.

If he does sell then it'll definitely crash the market. No doubt.

But again, if he wants to sell why hasn't he sold back in 2013 when price has spiked or even now? He has vested interest in seeing bitcoin grow, since he is the founder.

carriebee

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Quote from: VuLDK on November 03, 2017, 02:23:03 PM

Quote from: zikabra on November 01, 2017, 08:43:25 AM

It would decrease bitcoin price, and not only if satoshi sells his bitcoins because he is not the only one who is holding large amount of bitcoins.
But look at it in positive way, if that happens bitcoin price will go down and you will be able to buy cheaper bitcoins and sell them later for higher price Wink

I think Bitcoin will increase in the near future, try to hoard it

Exactly, satoshi is not the only one who holds large of bitcoin. Well, I think even he sold all his bitcoin it will continue to rise and skyrocket. Bitcoin had been strong until these years and ever existed because of many supports from the users.

player514

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Quote from: fabiorem on November 03, 2017, 02:56:35 PM

Satoshi died in 2013. These coins will never be sold.

For all we know, satoshi might not even be a single person. There is no evidence pointing towards anything about satoshi and "his" singular personality. It's been theorized that he's actually a group of people, rather than just a single person. Regardless, the bitcoin that satoshi holds will never be moved. Furthermore, the exchanges will always be moving bitcoin around, so I think it will be hard to sell out of all of the bitcoin available.

omonuyak

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Satoshi can decide to sell of it bitcoin without mush infect on bitcoin pricing. 5% can bring bitcoin down but that will create opportunity to buy bitcoin at the cheap price. Bitcoin can now live without an individual and what ever happened we have achieved a lot of progress in this bitcoin for the past year.

fabiorem

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Satoshi died in 2013. These coins will never be sold.

Lampaster

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Satoshi would never do that. Why would he sell such quantities of coins. He understands that this will reduce the price of bitcoin on the market and he will get less profit. Why did he have much money? That is, if it exists. If these coins belong to the group which is not interested in the existence of bitcoin is that it can be used as a mechanism for the destruction of bitcoin.

VuLDK

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Quote from: zikabra on November 01, 2017, 08:43:25 AM

It would decrease bitcoin price, and not only if satoshi sells his bitcoins because he is not the only one who is holding large amount of bitcoins.
But look at it in positive way, if that happens bitcoin price will go down and you will be able to buy cheaper bitcoins and sell them later for higher price Wink

I think Bitcoin will increase in the near future, try to hoard it

el kaka22

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Quote from: SpinozaBenedikt on November 01, 2017, 09:00:42 AM

Quote from: OmegaStarScream on November 01, 2017, 08:48:19 AM

With the current trading volume? It will most likely not ruin the market but definitely result in having a decent decrease in price and then, it will be just a matter of time until the price goes up once again. I doubt he still have access to his coins honestly. (that's assuming he still alive)

Until now, it's not a fact that this is one person. And like any architect of the system, he (they) probably should know the fulcrum of the whole construction. By 2025-2030 he will be the richest man in the world and his secret plan does not know anybody. This makes one think his anonymity, and hence the uncertainty of intention.

So many speculations about satoshi being a group of people who came together to build something great while some imagine satoshi to be a single man from Japan. Whichever way, at this moment, no one really cares, and the only satoshi we know is the legacy that has already been dropped.

I would not blame whoever is behind the name anyway cause if I am the one, I would have done the same and that would have been a huge problem for me. So it is just better going solo and then knowing that you are an unknown god somewhere.

Dalmar

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Quote from: investeerder on November 02, 2017, 02:34:08 AM

Quote from: Oilacris on November 02, 2017, 12:19:36 AM

Quote from: pooya87 on November 02, 2017, 12:01:26 AM

first of all they guess that satoshi may have about 1 million bitcoin, nobody knows for sure how much of if satoshi even has access to them or even is alive or not!

secondly, someone who waits this long (8+ years) is not going to suddenly unload 1 million coins on the market to harm what he himself created! that would be idiotic.

and finally 1 million sell off is not going to do anything to the market. but satoshi stash moving may cause some panic, and the bigger market gets the smaller this panic will be.

No one really knows if satoshi do have really that possesion of 1 million bitcoins and same as you said it would really be an idiotic move for him to see his creation to be affected on the possible actions that he would made.If he do need money then he can easily make cash-out but not on bulks for sure.If he do own 1m coins then its none of our business if he would sell it or not.

That's a lot of money Shocked

and I don't think satoshi would not kill his coin since if he really want that he wouldn't take this for so far and I'm really sure that he is smilling right now since this invention really helps those people who's in need of money. But the one bothering me is why does satoshi doesn't show up his identity up till now.

He accpeted smart decision with hiding himself from community.Maybe in future he wonna to talk in showtalk about his invention. Who knows? Things change eveyday so fast. Blockchain can replace world's finance system and it has this potential.

beerlover

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Quote from: SpinozaBenedikt on November 01, 2017, 06:00:07 AM

My dear,
tell me somebody what will happen to bitcoin, if Satoshi sell it his 5% that is more than a million units?
Whether it can ruin the market or not?

I am not sure that would tend to be much of a problem.

Highest that would happen is the price dropping a little bit and so many people quickly picking it up at that little price until we have it back up again and then at the end satoshi would end up having even a lot lesser but really, why would he even ever want to do that ?

If you are satoshi or even an investor with a lot of bitcoin, would you want to dump all you have for a lot lesser and then buying at a higher value? The market seems like something that will not be affected much with what satoshi has anyway.

TastyChillySauce00

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Quote from: Oilacris on November 02, 2017, 12:19:36 AM

Quote from: pooya87 on November 02, 2017, 12:01:26 AM

first of all they guess that satoshi may have about 1 million bitcoin, nobody knows for sure how much of if satoshi even has access to them or even is alive or not!

secondly, someone who waits this long (8+ years) is not going to suddenly unload 1 million coins on the market to harm what he himself created! that would be idiotic.

and finally 1 million sell off is not going to do anything to the market. but satoshi stash moving may cause some panic, and the bigger market gets the smaller this panic will be.

No one really knows if satoshi do have really that possesion of 1 million bitcoins and same as you said it would really be an idiotic move for him to see his creation to be affected on the possible actions that he would made.If he do need money then he can easily make cash-out but not on bulks for sure.If he do own 1m coins then its none of our business if he would sell it or not.

Idiotic or not, there's still possibility that he could him, there's already some discussion regarding this and from my point of view, the bitcoin that satoshi currently holds have the potential of being harmful to the bitcoin ecosystem.
But however, Satoshi has long gone, or maybe he just destroy the privatkey of an address that contains million of BTC and who knows.

investeerder

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Quote from: Oilacris on November 02, 2017, 12:19:36 AM

Quote from: pooya87 on November 02, 2017, 12:01:26 AM

first of all they guess that satoshi may have about 1 million bitcoin, nobody knows for sure how much of if satoshi even has access to them or even is alive or not!

secondly, someone who waits this long (8+ years) is not going to suddenly unload 1 million coins on the market to harm what he himself created! that would be idiotic.

and finally 1 million sell off is not going to do anything to the market. but satoshi stash moving may cause some panic, and the bigger market gets the smaller this panic will be.

No one really knows if satoshi do have really that possesion of 1 million bitcoins and same as you said it would really be an idiotic move for him to see his creation to be affected on the possible actions that he would made.If he do need money then he can easily make cash-out but not on bulks for sure.If he do own 1m coins then its none of our business if he would sell it or not.

That's a lot of money Shocked

and I don't think satoshi would not kill his coin since if he really want that he wouldn't take this for so far and I'm really sure that he is smilling right now since this invention really helps those people who's in need of money. But the one bothering me is why does satoshi doesn't show up his identity up till now.

Oilacris

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Quote from: pooya87 on November 02, 2017, 12:01:26 AM

first of all they guess that satoshi may have about 1 million bitcoin, nobody knows for sure how much of if satoshi even has access to them or even is alive or not!

secondly, someone who waits this long (8+ years) is not going to suddenly unload 1 million coins on the market to harm what he himself created! that would be idiotic.

and finally 1 million sell off is not going to do anything to the market. but satoshi stash moving may cause some panic, and the bigger market gets the smaller this panic will be.

No one really knows if satoshi do have really that possesion of 1 million bitcoins and same as you said it would really be an idiotic move for him to see his creation to be affected on the possible actions that he would made.If he do need money then he can easily make cash-out but not on bulks for sure.If he do own 1m coins then its none of our business if he would sell it or not.

Freedom Force

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If satoshi is still among us, he is probably already a millionaire, and centainly doesn't have to touch those coins. But if he does, I'm fine with that. He did a pretty good job here, and that reward is something he really deserve.

pooya87

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first of all they guess that satoshi may have about 1 million bitcoin, nobody knows for sure how much of if satoshi even has access to them or even is alive or not!

secondly, someone who waits this long (8+ years) is not going to suddenly unload 1 million coins on the market to harm what he himself created! that would be idiotic.

and finally 1 million sell off is not going to do anything to the market. but satoshi stash moving may cause some panic, and the bigger market gets the smaller this panic will be.

Kingofbitcoin12345

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Quote from: SpinozaBenedikt on November 01, 2017, 06:00:07 AM

My dear,
tell me somebody what will happen to bitcoin, if Satoshi sell it his 5% that is more than a million units?
Whether it can ruin the market or not?

There will be a decrease in price but not that huge for the reason bitcoin is in demand like every minute.. If that 5% will not be sold one time and that’s for sure,, no one will even able to buy that.. An staggering millions of dollars bitcoin price is not worth to bought at this price and it is even increasing at this moment.. Nakamoto is a genius man then we can expect him doing what is right..

centralbanksequalsbombs

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Satoshi DIED a few years ago. And also ensured the private keys were destroyed making the ~1million supply of Bitcoin out of existence - thus in reality true max supply of bitcoin is well under 20million coins. You will never find another coin in history , no altcoin that will ever have this sort of fair start of mine combined with the global distribution and demand with this secure open-source consensus system.

madwica

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Quote from: SpinozaBenedikt on November 01, 2017, 06:00:07 AM

My dear,
tell me somebody what will happen to bitcoin, if Satoshi sell it his 5% that is more than a million units?
Whether it can ruin the market or not?

I think the demand will goes down and it will reflect on the bitcoin value because the value of bitcoin will base on the demand by many users in the market.
But i think it will not happen because many people are now building their own mining site and the supplies of bitcoin will not dump and the demand will continue to increase because of continuous adoption by many countries.

bitcub

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You mean satoshi has a still a huge amount of BTC?
I guess he is already dead, because the reserve BTC is not moving anymore. If he is alive he must be greate coin holder.

Quote from: SpinozaBenedikt on November 01, 2017, 06:00:07 AM

My dear,
tell me somebody what will happen to bitcoin, if Satoshi sell it his 5% that is more than a million units?
Whether it can ruin the market or not?

TravelMug

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Quote from: SpinozaBenedikt on November 01, 2017, 06:00:07 AM

My dear,
tell me somebody what will happen to bitcoin, if Satoshi sell it his 5% that is more than a million units?
Whether it can ruin the market or not?

My dear,

Here's what gonna happened when he sold 5% of his stash, the price will go down and plummet because that's how the market react to a huge sell order. And maybe their would be a ensuing panic sell after that. But bitcoin will continue to live and will not be ruin because when the price goes down, investors love to get back bitcoin at a discounted price. The price crash will only be temporary.

Good thing is that Satoshi is not that stupid to sell his stash because he knows what is the effect of his action. He has already built bitcoin and we have put it to the next level.

Question123

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For sure the price of bitcoin will decrease because even 5percent of only it is a lot of bitcoin because satoshi have a lot of bitcoin.
But for sure satoshi will not sell their bitcoin because they support his own business.

krunox123

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I don't bite.

You mean like dumping his Bitcoin? The current price will most likely fluctuate, well, for a short while. Also not likely to happen because he may not have access to his wallet anymore, but nobody knows for sure.

alfs75

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Quote from: SpinozaBenedikt on November 01, 2017, 06:00:07 AM

My dear,
tell me somebody what will happen to bitcoin, if Satoshi sell it his 5% that is more than a million units?
Whether it can ruin the market or not?

No! It's cannot ruin the market because satoshi is only a branches of bitcoin,and they are not the one holding the bitcoins there so many platforms and there's altcoins bitcoiner people goes into alternating coins in case the supply of bitcoin is sold out.trader's must happy to buy bitcoin in a low price and retain it until back to normal.

Mister1k

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Quote from: zikabra on November 01, 2017, 08:43:25 AM

It would decrease bitcoin price, and not only if satoshi sells his bitcoins because he is not the only one who is holding large amount of bitcoins.
But look at it in positive way, if that happens bitcoin price will go down and you will be able to buy cheaper bitcoins and sell them later for higher price Wink

There are many people having their bitcoin in the wallet likely you may find the richest wallet address in the Google results. whenever the hard fork and segwit activation happen on bitcoin. There is some set of people always buying the bitcoin using little dump. If you are a investors please go for buying bitcoin it will always gives the earning by holding it simply without any efforts.

Sadlife

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It will affect the price of course and may fluctuate to $3000 and if that happens some traders that are looking for this kind of chance will buy more bitcoins especially with a cheap price so there should be no problem at all there is always advantage and disadvantages when someone solds their huge coins.

Oilacris

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Quote from: SpinozaBenedikt on November 01, 2017, 06:00:07 AM

My dear,
tell me somebody what will happen to bitcoin, if Satoshi sell it his 5% that is more than a million units?
Whether it can ruin the market or not?

It wont actually ruin bitcoin market which would lead up on destroying it. 5% on the entire supply wont really be a strong reason for it to die easily but considering on those amounts of coins on the current price will surely give some serious price decrease but not to worry because there would be still lots of whales and investors will tend to buy back and accumulate cheap bitcoins.

aretebit

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All that glitters is not bitcoin

I am not worried. Satoshi would be smart enough to doing it in a way that will not destroy the market (bit a bit).

SpinozaBenedikt

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Quote from: OmegaStarScream on November 01, 2017, 08:48:19 AM

With the current trading volume? It will most likely not ruin the market but definitely result in having a decent decrease in price and then, it will be just a matter of time until the price goes up once again. I doubt he still have access to his coins honestly. (that's assuming he still alive)

Until now, it's not a fact that this is one person. And like any architect of the system, he (they) probably should know the fulcrum of the whole construction. By 2025-2030 he will be the richest man in the world and his secret plan does not know anybody. This makes one think his anonymity, and hence the uncertainty of intention.

OmegaStarScream

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With the current trading volume? It will most likely not ruin the market but definitely result in having a decent decrease in price and then, it will be just a matter of time until the price goes up once again. I doubt he still have access to his coins honestly. (that's assuming he still alive)

bonghip

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Quote from: SpinozaBenedikt on November 01, 2017, 06:00:07 AM

My dear,
tell me somebody what will happen to bitcoin, if Satoshi sell it his 5% that is more than a million units?
Whether it can ruin the market or not?

I think no problem. Many people buy and keep Bitcoin so the number of Bitcoins circulating in the market is small. Moreover Bitcoin is difficult to dig, expected to by 2120, bitcoin will dig up.
You can rest assured it will not affect Bitcoin.

zikabra

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It would decrease bitcoin price, and not only if satoshi sells his bitcoins because he is not the only one who is holding large amount of bitcoins.
But look at it in positive way, if that happens bitcoin price will go down and you will be able to buy cheaper bitcoins and sell them later for higher price Wink

SpinozaBenedikt

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My dear,
tell me somebody what will happen to bitcoin, if Satoshi sell it his 5% that is more than a million units?
Whether it can ruin the market or not?

Topic: Bitcoin sold out (Read 944 times)