COULD SATOSHI NAKAMOTO BE HOLDING 2.2 MILLION BITCOINS?

pdpanzer

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Quote from: juljon18 on July 13, 2017, 03:31:24 PM

Does the hive think Satoshi is a person or entity?

Of course there is no Satoshi. You think a guy was illuminated, then disappeared? Countries fight for global dominance, and you can't see the real fight, much less a fight of this nature that goes even deeper into more structural global agendas of very powerful groups. Believing in Satoshi is nice thought, and serves as a vehicle to achieve something in certain way.

Yatsan

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I think that coin is the missing is the supply of the bitcoin am I right? If I am then that amount of bitcoin is allocated for the mining of bitcoin because not all of the supply are allocated for the user the remaining million of supplies can be mined using rig or other way to mine.

finaleshot2016

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Quote from: exodusminer on July 13, 2017, 12:30:29 PM

Is there a possibility that Satoshi Nakamoto is holding a huge amount of BTC? Maybe around 2.2 Million? Hope to hear what are your thoughts about this.

What if I can post a video of someone holding 2.2Million Bitcoins, will this help? Or do you know also someone (must be an individual) who holds more bitcoins than the one I will be showing you in a video? (I will post the link once I get some responses).

I think this is possible since satoshi nakamoto is a mysterious guy who invented this bitcoin. He is the first user who mine in bitcoin, it is possible that he might control some of the total bitcoins left. He was suspected that he owns million of bitcoins which is equivalent to $700m.

andrei56

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Quote from: BitFinnese on July 14, 2017, 12:41:43 AM

Quote from: U2 on July 13, 2017, 05:28:32 PM

Let's see the video. Let's get an identical signed message with the date included from each and every address in this (fake) video (that you'll never post because this is all made up bullshit).

This is a click bait of the author (not OP) we know they are monetizing views and click of every video they created. this time they target cryptocurrency people and since the group is huge and lots of people are interested on Satoshi holdings, the curiosity will bring these people to click the video and that is automatically earnings for the creator of video.

Anyway it is obvious that it was a fake and all bullshit.

If that is the case, then what a bad attempt, no one that knows the bare minimum about bitcoin will fall for this amount of disinformation, no one, not even satoshi will have that amount of coins ever, in fact the figure that is often repeated that satoshi has one million coins is probably false too.

Herbert2020

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Quote from: AiWanChu on July 15, 2017, 12:45:14 AM

satoshi is holding millions of BTC but dont worry, he is rich already.. he wont dump.. his coins havent moved for almost 10 years.

you have more to worry about hard fork than satoshi dumping his BTC Cheesy

- satoshi is not holding "millions"
- in fact we don't know and will never know how much he holds
- some speculate it is far less than ONE Million
- bitcoin was released in 2008 and that is barely 9 years and the "stash" that satoshi may or may not have was mined over the course of a year so a correct thing to say is those coins have not moved for 6-7 years.
- also hard fork is nothing to worry about, hard fork without consensus is something to worry about because that can lead to split

AiWanChu

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satoshi is holding millions of BTC but dont worry, he is rich already.. he wont dump.. his coins havent moved for almost 10 years.

you have more to worry about hard fork than satoshi dumping his BTC Cheesy

ChiBitCTy

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I'm curious if the original Satoshi group (if it's more than one person lets say) and those involved directly in the very beginning perhaps agreed upon some sort of Insider trading % limit's (when , how much, and how often they're able to dump). My thoughts are that whoever Satoshi is, they aren't dumb enough to ever dump that many coins at once, especially in the early stages.

RoommateAgreement

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Bazinga!

Quote from: coinmore_org on July 14, 2017, 04:46:07 AM

This is what I call the "Satoshi Risk".
If satoshi ever unloads his millions of Bitcoins on to the market, we are all finito.

why!
do you really think if someone sells less than a million bitcoin to the public market, bitcoin is going to die! that doesn't make any sense to me. price may fall but it won't kill bitcoin, there still is 20 more million coins on the market and there are millions of people buying bitcoin.

and also it makes even less sense to think Satoshi is suddently going to come out of the blue and dump all his coins!!! thet makes me laugh Cheesy

that's what a crazy person would do.

exodusminer

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Thank you for your feedback everyone. Maybe we don't really know the truth about how many Bitcoins Satoshi Nakamoto is currently holding (or if he is a person, a group, or an organization). Maybe on Year 2021, we MIGHT be able to know the truth about this topic.

qiwoman2

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Well whatever He did mine, by now he must be an uber rich man and no wonder he kept himself anonymous lol. I mean he must be hoarding such a huge stash that he could probably run a country by himself single handedly. I wonder if he is helping people around the world with some of it at least? Would be a nice thought.

Dudeperfect

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It is possible that Satoshi is holding a large number of bitcoins and probably 5% or more percent of total bitcoins mined so far. However, we all know that majority of the bitcoins are held by the top 1000 wallets and thus it makes it complicated to understand that there are 1000 owners or just 100 owners with 10 wallets each. Even if there is imbalance in bitcoin holdings, I think it's fair for the bitcoin millionaires because they are the ones who made Bitcoin valuable and thus they deserve it.

coinmore_org

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This is what I call the "Satoshi Risk".
If satoshi ever unloads his millions of Bitcoins on to the market, we are all finito.

dryandry

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we don't know satoshi nakamoto is the real people real or not then how we can know that he has a lot of bitcoin

I do not have a friend who holds a lot of bitcoin
As much as I know is not up to 10 bitcoin

Crypto_trader87

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Wow if this is true why would satoshi put it in secret probably he is the founder of this amazing bitcoin he got that big amount of bitcoin is posible he just want to hide his true identity in the public if i have this bitcoin even me i will keep it in secret i will invest it in a lot of business so even if i sleep the money i have still earning every minates.

SvenBomvolen

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What do I think? That it's just a crap. I don't doubt that there are huge amount of bitcoin holders, I think all that people who invested in bitcoin long time ago and have steely balls.
Till the identity of Satoshi stays uncovered I won't believe in any story connected with him, sorry.

Duzter

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Even if splitting happens one of the chain gets more value depending upon the dumping by the big whales. If such a situation happens I believe Satoshi will dump his holdings to make both the chains to be in a stable manner without much variations happening in its value.

Lorilikes

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Quote from: bamboylee on July 14, 2017, 03:23:25 AM

As long as he does not dump his bitcoins, I do not really care how much bitcoin he is holding. And I do not think he will ever dump his bitcoin.

Like the one above me said, we should worry more about the whales who can manipulate the price by pumping and dumping bitcoin.

I agree totally, let him hold whatever he holds. The whales are the worrisome bunch, but even they will not be able to manipulate the value too much, at least not historically.
I guess I should change the words I chose to this : I think they WONT manipulate the coins to reduce values, because bitcoin has been growing in value so consistently they do not need to manipulate the market, they are getting obscenely rich anyhow.

Sniper44

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Quote from: bamboylee on July 14, 2017, 03:23:25 AM

As long as he does not dump his bitcoins, I do not really care how much bitcoin he is holding. And I do not think he will ever dump his bitcoin.

Like the one above me said, we should worry more about the whales who can manipulate the price by pumping and dumping bitcoin.

actually i wish everyday that Satoshi or any other person or group holding a large amount of bitcoin dump it on the market. it will be the happiest incident of all bitcoin history. and here is why:

bitcoin has a very limited supply. and one person holding a large amount (even a whale with 100-1000 bitcoin) is holding a large portion of this limited supply and when they dump it will temporarily disrupt the price but in the long run that means more people hold a share of bitcoin. or in other words a better distribution.

bamboylee

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As long as he does not dump his bitcoins, I do not really care how much bitcoin he is holding. And I do not think he will ever dump his bitcoin.

Like the one above me said, we should worry more about the whales who can manipulate the price by pumping and dumping bitcoin.

Wind_FURY

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Quote from: Amph on July 14, 2017, 02:58:58 AM

again this thread, it was already debunked the holding of satoshi which was initially estimated to be 1M, not 2.2 which is impossible, because to reach that amount you must mine for year alone

ant his was not possible because after few month other joined the mining activity

He will if the blockchain splits this coming August. Hehehe. That is why I raised the argument why keep talking about his holdings? We should be worried about the Bitcoin whales who are willing to take sides and are not fearful of dumping their coins on an opposing chain.

Topic: COULD SATOSHI NAKAMOTO BE HOLDING 2.2 MILLION BITCOINS? (Read 2514 times)