Can It Really Happen? - page 2. | Bitcointalksearch.org

2bfree

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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?

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.

It won't happen, not ever!

dillpicklechips

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Quote from: pearlmen on June 11, 2017, 01:50:00 AM

I don't believe Satoshi will want to do that in because releasing such amount of bitcoin into the market at once might the push the price down to an extent that it might be hard to recover from, it might recover but I see it happening very long and it will really give credence to the bubble projectors that its finally happening and the burst has finally come to play.

Surely Satoshi wouldn't want his beloved project who is undergoing a great development cascading due to this. It would really have a huge impact that will make users to pull out and transfer it to another coins which will lead to Bitcoin's death in due time.

Quote from: pearlmen on June 11, 2017, 01:50:00 AM

But at the same time is the current market enough to absorb that amount of bitcoin without any shaking?

1 million Bitcoins is such a huge amount which will really shake Bitcoin's market. It might not make Bitcoin's price drop to 0 or in other words it will lead to its instant death but the reaction of the users having a great fall like that would surely make the Bitcoin die.

pearlmen

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I don't believe Satoshi will want to do that in because releasing such amount of bitcoin into the market at once might the push the price down to an extent that it might be hard to recover from, it might recover but I see it happening very long and it will really give credence to the bubble projectors that its finally happening and the burst has finally come to play. But at the same time is the current market enough to absorb that amount of bitcoin without any shaking?

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Quote from: Prodigan786 on June 10, 2017, 01:41:39 PM

If he really wants to sell he could have do it long back or he could not give or keep it as a open source . In worst condition it happens then no doubt that bitcoin goes to its original stage where it started

no it doesn't make sense for him to sell lower than the possible value that might happen in his own prediction, "very big volume or no volume in 20 years"

so i think if he ws really in the mood of selling his coin he would wait the end of those 20 years first(2030), still selling all his coins just to kill the market and his own project is utterly stupid

sasaku bitbit

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Quote from: olushakes on June 10, 2017, 11:49:16 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?

If this eventually happened which will all know its not going to happen but what I see is that a drop in the value of bitcoin to a say low ebb because 1miion is a whole lot which can cause panic but at the same time I see the price recovering because the over one million others will want to buy and increase their stock of what they already have and by so doing we keep on increasing slow and steady never to face another kind of that challenge again.

I see the price already reinstated because more than a million other people will want to buy their shares and increase what they already have, thus, we keep getting slow and steady never to face another kind of challenge will be making again.
advantage for users or purchasers

CryptoBry

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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.

Whoever this Nakamoto really is...he must be a man of his words and somebody who has no desire to well-known and be officially recognized as the man who started everything crypto. And I have a great respect for what he did and his eventual decision not to interfere in any way on Bitcoin.

Of course, it is his right if he wants to dispose of his hoard of Bitcoin but I don't think he will do it in a way that disrupt the whole thing...I mean he can dispose it slowly making it noticeable.

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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?

Is he dead? Did he burn them? Where are these 1million coins? In what wallet? Why would he ruin his creation? Why would he have waited this long if he needed the money?

Once you answer these questions you'll have your answer!

Happydd

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Quote from: lecongnhan123 on June 10, 2017, 08:38:28 PM

I do not think it is true because if he has more than 1 million of Bitcoin, I think he would have sold all of them before the Bitcoin Price went to 2000@ lol

He is even glad he sells at a low price, because despite the low price, he still gets a lot of profit. And if that happens, maybe he's regretting now.

mrcash02

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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.

2bfree

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If he lives in an oppressive country his government would take notice of all the "illegal" cash. I can't see him doing that living in an oppressive country.

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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?

Satoshi nakamoto is himself the owner of the Bitcoin and he can do anything with the Bitcoin and its network and I am thinking that besides the mining he can create any number of the Bitcoin for himself .
But here I am 100% sure that he will never sell all of the Bitcoin that he has , because the grow of the Bitcoin in the market of the internet is the aim of the Satoshi nakamoto and if he will sell his all Bitcoin then the price of the Bitcoin will got crash and this will results into loss for the other Bitcoin holder .
So probably most chances is to have but and not to sell the Bitcoin , because this is not a simple thing in my opinion .
So with the responsibility to make the Bitcoin more stable , he will never sell all of his Bitcoin for money .

iluvpie60

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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?

That is just the thing though. Why are people saying here that he WILL SELL HIS BITCOINS!! WHY!!

Why can't he use his bitcoins to buy things? Many places accept them. I don't see why he would need to sell them for USD, which would obviously crash the market if he did sell them all.

I think he will hold many of them for years and decades.

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I think no,yeah he can cause a damage if he sell all his holdings and all his bitcoins at this rate and stage but im sure he can just cause a small crash that will not kill bitcoins instead will help it i think

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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 coins is 1 out of every 16 coins in circulation so that is something that could destroy bitcoin if it was done incorrectly, personally I think that satoshi is never going to sell his coins, but if at some point he wants to do it, I think he will need to come out of hiding and say that he needs some of his coins and state the way in which he is going to do it to avoid panic among users.

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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?

Of course it will impact the ecosystem to the point that the price will really plummet down the pipe. But we all know that Satoshi will not do that because he knows that his invention will be destroyed, affecting a lot of people who has truly trusted in bitcoin already. If he really wanted to sell all his bitcoin, he should have done it already. So he's coins will remain intact and untouched. Personally, I think he is not a greedy person, he is not after the money or wealth. He just wanted his creation to be truly uses by the general public. No strings attached.

lecongnhan123

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I do not think it is true because if he has more than 1 million of Bitcoin, I think he would have sold all of them before the Bitcoin Price went to 2000@ lol

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Yes it can really happen and he can make it happen if he will be selling all his holdings,as a developer it is normal for you to hold that huge amount of your coins and selling it all will affect the real time market totally and may destroy the bitcoins price totally if he keeps on selling low

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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?

If he would sell on ladder price heading to the negative side,yes it will cause a complete chaos and huge dump on price which may throw bitcoins back to 3 digit in dollars.1 million bitcoins is a big part of total bitcoins generated up to this date

uN-ann

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As soon as that first coin moves out of his wallet, even if it's just one satoshi, the market will react. Will be amazing to watch if it happens, regardless of the ultimate outcome.

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Quote from: Prodigan786 on June 10, 2017, 01:41:39 PM

If he really wants to sell he could have do it long back or he could not give or keep it as a open source . In worst condition it happens then no doubt that bitcoin goes to its original stage where it started

I agree with you, if he want to that, he can do it a long time ago. As i know, i think he want to save the 1 million bitcoins for a day when the price achieve the limit and cross a high barrier of price like 20k$ or maybe more. and then he can be a billionaire more than now. Grin

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