Can It Really Happen? - page 5. | Bitcointalksearch.org

gandame

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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 this happen that nakamoto sell all his bitcoin i think bitcoin price drop. And many investor panic for this because they don't sell their bitcoin when the time price increase. Regretting is the number one feel all investor.
Hope that speculation not happen.

flix

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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.

mrcash02

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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?

Topic: Can It Really Happen? - page 5. (Read 3405 times)