Can It Really Happen? | Bitcointalksearch.org

RedX

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Quote from: groko271 on June 07, 2017, 10:59:44 PM

I dont know whats worse,

- if he had access to his wallets and sold all his coins. ..or Sad

- if he had died and no one has access to all of those coins.... Sad

Are you serious? It's the first one is the worst for sure. I really don't think the second one could go worst. It will be worst for him but not for you.

Omega Weapon

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Quote from: groko271 on June 14, 2017, 10:00:41 PM

Quote from: Omega Weapon on June 14, 2017, 09:46:26 PM

Quote from: ?? on ??

Quote from: mrcash02 on June 07, 2017, 08:55:49 PM

It's not a secret Satoshi Nakamoto has more than 1 million of Bitcoins in his wallet, right?

If he suddenly wants to sell all his Bitcoins, could it cause a chaos in Bitcoin market making the price fall? Or is this amount too insignificant to cause any mess?

Yes .Bitcoin market will be fallen.1 million bitcoin is huge amount of bitcoin. If he sell all of his coin in one time, the effect will be decrease the rate of bitcoin.

Even if he did not sell all his coins, if at some point it is discovered satoshi, the creator of bitcoin is selling his stash, then everyone will begin to panic, if even the creator of bitcoin is cashing out, why I should stay?, as you can see it is not only the amount of coins we need to be worried about, just the act of satoshi cashing out come coins will be terrible for the network since people may lose faith in bitcoin almost overnight.

I agree. I have often wondered about the 'what if' Satoshi was still active on this forum, buying&selling his coins and still contactable working on the tech. My opinion is I think the price of bitcoin would not have risen so sharply since his disappearance. Now that he decided to 'check out', his wallets are being looked at more than ever for even a sniff of activity. Poor bastard, he's almost the only bitcoin holder without any anonymity>> feeling the irony there.

I don’t think satoshi cares at all, it is my opinion that he had move to other projects, maybe to other crypto currencies or maybe to something else, to me the profile of someone like satoshi tells me that he created bitcoin more for the challenge of creating bitcoin than for the possible economic benefits that could be gotten later.

Andri.Ghani

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Why no satoshi do it ...?
But if true it is, I think satoshi will not do it .. Grin

Jody.Drummer

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I think not, if only satoshi sell it what will happen market chaos, panic, cause the price down is for sure, but satoshi is satoshi impossible to do that...

bitllionaire

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Quote from: Mirror, Mirror, on the Wa on June 15, 2017, 01:29:23 AM

Yup, this is a true thing IMO, Satoshi's wallet has a large number and if I remember correctly, some of it was sold few years ago (a small sum), although unlikely but if the whole or a large sum is sold the price will collapse. if a small sum is sold, it won't matter though, but Satoshi's anonymous ID would most likely arise, regardless of the method he/she uses to exchange the BTC through.

although it can effect the market for a little but i think after that when there will not be available a single bitcoin in the market then the price of bitcoin will really become skyrocket. and will continue increasing because people will demand for it and there will be no supply so people will increase the offer.

Mirror, Mirror, on the Wa

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Yup, this is a true thing IMO, Satoshi's wallet has a large number and if I remember correctly, some of it was sold few years ago (a small sum), although unlikely but if the whole or a large sum is sold the price will collapse. if a small sum is sold, it won't matter though, but Satoshi's anonymous ID would most likely arise, regardless of the method he/she uses to exchange the BTC through.

fanita

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If it was so I'm happy with the incident, what will happen is the bitcoin price increase at any time.

rahmat92

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If suddenly he sells all kinds of micoinnya, I do not think it will make the price down btc or chaos in the bitcoin market.

stompix

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Quote from: Amph on June 08, 2017, 12:19:48 AM

first of all i don't think he is that stupid to sell all in one volley and cause a major value wreck and panic dump, second the market now is so big that cna absorbs that without much trouble

and third one i think satoshi don't own 1M coins, the estimate is more around 200k, there were other people mining with him at that time

What estimates are you talking about?
https://bitcointalksearch.org/topic/satoshi-nakamoto-15-million-bitcoins-we-need-answers-37333

Besides that, he doesn't even have to sell it all at once to cause a ruckus in the markets.
If the coins that were certainly mined by Satoshi start moving the sheep will start panicking even if in reality he is just buying a coffee with BTC

NJB18

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Quote from: mrcash02 on June 07, 2017, 08:55:49 PM

It's not a secret Satoshi Nakamoto has more than 1 million of Bitcoins in his wallet, right?

If he suddenly wants to sell all his Bitcoins, could it cause a chaos in Bitcoin market making the price fall? Or is this amount too insignificant to cause any mess?

1 million bitcoins? Too insignificant to cause any mess? Nah, quite the contrary bro. If all of a sudden, he sells such a huge amount, that is a perfect recipe for bitcoin crumbling to the ground.

The bitcoin market will virtually come crashing down. If the invention is not totally destroyed, meaning if it survives the hellish dipping down of value, it will soar once again. The problem is if the people's faith in bitcoin remains intact after such a great mess. I seriously doubt that.

But, of course, the question is why would the great visionary or visionaries behind Satoshi Nakamoto do such thing? They have exerted much effort in building it. Why would they suddenly destroy everything?

groko271

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Quote from: Omega Weapon on June 14, 2017, 09:46:26 PM

Quote from: ?? on ??

Quote from: mrcash02 on June 07, 2017, 08:55:49 PM

It's not a secret Satoshi Nakamoto has more than 1 million of Bitcoins in his wallet, right?

If he suddenly wants to sell all his Bitcoins, could it cause a chaos in Bitcoin market making the price fall? Or is this amount too insignificant to cause any mess?

Yes .Bitcoin market will be fallen.1 million bitcoin is huge amount of bitcoin. If he sell all of his coin in one time, the effect will be decrease the rate of bitcoin.

Even if he did not sell all his coins, if at some point it is discovered satoshi, the creator of bitcoin is selling his stash, then everyone will begin to panic, if even the creator of bitcoin is cashing out, why I should stay?, as you can see it is not only the amount of coins we need to be worried about, just the act of satoshi cashing out come coins will be terrible for the network since people may lose faith in bitcoin almost overnight.

I agree. I have often wondered about the 'what if' Satoshi was still active on this forum, buying&selling his coins and still contactable working on the tech. My opinion is I think the price of bitcoin would not have risen so sharply since his disappearance. Now that he decided to 'check out', his wallets are being looked at more than ever for even a sniff of activity. Poor bastard, he's almost the only bitcoin holder without any anonymity>> feeling the irony there.

Omega Weapon

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Quote from: ?? on ??

Quote from: mrcash02 on June 07, 2017, 08:55:49 PM

It's not a secret Satoshi Nakamoto has more than 1 million of Bitcoins in his wallet, right?

If he suddenly wants to sell all his Bitcoins, could it cause a chaos in Bitcoin market making the price fall? Or is this amount too insignificant to cause any mess?

Yes .Bitcoin market will be fallen.1 million bitcoin is huge amount of bitcoin. If he sell all of his coin in one time, the effect will be decrease the rate of bitcoin.

Even if he did not sell all his coins, if at some point it is discovered satoshi, the creator of bitcoin is selling his stash, then everyone will begin to panic, if even the creator of bitcoin is cashing out, why I should stay?, as you can see it is not only the amount of coins we need to be worried about, just the act of satoshi cashing out come coins will be terrible for the network since people may lose faith in bitcoin almost overnight.

shield132

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Quote from: flix on June 07, 2017, 10:06:00 PM

For as long as Bitcoin has existed, it has always been a possibility. Some like to think Satoshi purposefully threw away the keys to his multiple wallets because he knew how risky keeping that much btc was. Personally, I believe that he still has access to the wallets and hasn't touched them for three main reasons. Firstly, he knows that people would notice if he sold his bitcoins, which has the potential to destroy faith in the whole project. Secondly, he's aware of the fact that selling so many bitcoins would most definitely disrupt the market. Thirdly, as the visionary behind blockchains, he has an unshakable faith in Bitcoin and is certain it will succeed in the long term.

Just curious, for me it sounds unlogical. He is the creator of bitcoin and imagine he has huge amount of bitcoins and would he threw away keys for simply? He created bitcoin for his aims I believe and not for only other people. And also he won't be so stupid to sell all bitcoins immediately, it may take years for him to make selling process less visible.

giveen

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I'm pretty sure that's purely a rumour and even it's true I'm pretty sure satoshi is not going to sell his coin as he is not the one who wants to make profit from falling the price of his own system. If he wanted to do something like this he would have revealed his identity and already crashed the market multiple times.

ktabb

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Quote from: mrcash02 on June 07, 2017, 08:55:49 PM

It's not a secret Satoshi Nakamoto has more than 1 million of Bitcoins in his wallet, right?

If he suddenly wants to sell all his Bitcoins, could it cause a chaos in Bitcoin market making the price fall? Or is this amount too insignificant to cause any mess?

Any large holder of bitcoin can make the market go into chaos by doing something like that. However, they don't stand to benefit from that because they wouldn't be able to sell anywhere near 1 million btc before the price was far, far below the current price. It doesn't take a lot of money to manipulate the bitcoin market, so people who are holding large amounts don't have a good way of exiting their position without harming the market and reducing the value of the majority of their holdings.

deisik

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Quote from: mrcash02 on June 10, 2017, 10:46:10 PM

Quote from: deisik on June 10, 2017, 02:01:59 PM

Quote from: monsanto on June 10, 2017, 01:34:59 PM

Quote from: mrcash02 on June 07, 2017, 08:55:49 PM

It's not a secret Satoshi Nakamoto has more than 1 million of Bitcoins in his wallet, right?

If he suddenly wants to sell all his Bitcoins, could it cause a chaos in Bitcoin market making the price fall? Or is this amount too insignificant to cause any mess?

I think the more interesting scenario (but still farfetched) is if/when there is a fork, Satoshi could decide to dump on the chain he doesn't like. So say there was a core/BU fork and he wanted core to be the dominant chain, he could dump all his BU coins and pump core btc with the profit.

Yep, it would be interesting to see

I guess we should hear a lot of rumors about Satoshi's stand on this issue as we approach the finish line. He doesn't even need to sell his bitcoins, just voicing his opinion will suffice, and people will understand everything on their own. In fact, this is a good pretext or event for a comeback provided he is still alive, of course (and didn't lose the private keys from his wallets). Though it still would be better to dump the coins and support miners of his choice financially (to add more hashing power to his camp)

It would be interesting, but I think he wouldn't do this, as it would hurt the decentralization purpose. He would impose his own wish with his unproportional power compared to other holders.

At same time, there are many other holders that together can have the same amount Satoshi has. It could be a battle of giants to dump one or another currency

That's why it is wise to get out of Bitcoin until the dust settles (more or less)

I don't advise anyone to leave Bitcoin completely but cashing out some fraction of one's stash could turn out to be a wise idea in the end (before things get really complicated). Regarding changing the world for the better, as another poster suggested, money can't solve everything. In fact, it can't solve anything substantial or existential. As the Jewish proverb goes, if money can solve the problem, it is not a problem but expenses

emberbekas

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Releasing 1 million bitcoin into the market for selling purpose isn't good idea and I think Nakamoto won't do that. There's a chance for the price to move down very deep before all his coins been sold. If he intended to sell it I guess he will try to find another rich persons who interested in this project to buy all his coins, hence the market won't be affected very much!

mustyoshi

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Quote from: susila_bai on June 11, 2017, 03:57:18 AM

Quote from: mrcash02 on June 07, 2017, 08:55:49 PM

It's not a secret Satoshi Nakamoto has more than 1 million of Bitcoins in his wallet, right?

If he suddenly wants to sell all his Bitcoins, could it cause a chaos in Bitcoin market making the price fall? Or is this amount too insignificant to cause any mess?

Even if he wants to sell all his bitcoins he have to go to exchange for selling and when this much high transaction will happen the exchange will stop that acct withdraw and all problems will start so i think he wont do this mistake and sell slowly slowly so that the coins will also get sold and it wont affect the market.

Yes, you can own a large amount of bitcoin, but it is very dangerous, he can sell a little to use gradually, but it would be stupid if he sells all, he is sure. He will be in danger.

susila_bai

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Quote from: mrcash02 on June 07, 2017, 08:55:49 PM

It's not a secret Satoshi Nakamoto has more than 1 million of Bitcoins in his wallet, right?

If he suddenly wants to sell all his Bitcoins, could it cause a chaos in Bitcoin market making the price fall? Or is this amount too insignificant to cause any mess?

Even if he wants to sell all his bitcoins he have to go to exchange for selling and when this much high transaction will happen the exchange will stop that acct withdraw and all problems will start so i think he wont do this mistake and sell slowly slowly so that the coins will also get sold and it wont affect the market.

Carlsen

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Maybe Satoshi has some kind of a masterplan:
He is waiting for a bitcoin to be worth over one hundred thousand dollars, will sell then and solve some major problems of mankind with the fortune he owns then.
But personally I think there is no satoshi anymore. Maybe he died in an acident, or he just lost his keys.
However, I am convinced that his coins will never enter the market again.

Topic: Can It Really Happen? (Read 3422 times)