Topic: Craig Wright trying to scare people. - page 2. (Read 830 times)

No, this is what some foolish governments do to their fiat, its called (dirty) floating bands, and it doesn't work. You shouldn't fear the market, this is Bitcoin not some little altcoin, it cannot be crashed anymore, no matter how much and how hard you dump, others will flock to buy it at those cheap prices even faster, because bitcoin is that valuable to people (that even countries are putting their reserves into).

An Austrian economist would tell you: The best thing to do (regarding intervening), is do nothing. Let them do whatever they please. Its their lose and our gain. Don't fear the free market embrace it.

Oh, and such thing as "whale alerts" do exist, i have seen it in Telegram and some other social media (Twitter?). There are bots constantly monitoring the blockchain to give out those alerts.

As far as Bitcoin is concerned, whatever people are willing to give or not for it, none of its concern. The code has nothing to do with what arbitrary price the  market assigns bitcoin. This is remarkable, and even more reason to make it valuable.

In fact, your suggestion would subtract value. Why would Bitcoin be tied to whatever non bitcoin thing there is? This is outside Bitcoin realm. Also think, just what is much, what is little? In the beginning 10k BTC bought two pizzas, that would be considered a whale movement today, you expect the code to distinguish between now and then, exactly how?

This sounds more like fiat to me than decentralized crypto. That is what governments are doing. If the value of fiat is going down, they take out their reserve gold and pump up their fiat. I do not think we want that in crypto. As much as I do not like whales dumping on us, I do not like a centralized body controlling the price as well.

Wish we could have some sort of automated "Price Dump Protection system" to stop whales from holding the rest of us to ransom. This is why I  kind of like the idea of premine and setting aside some amount cryptocurrency for future development of a crypto project.
Maybe about 20% (which hopefully grows to millions in the future) of the coin could be set aside for dump protection. Once a whale tries to crash the price, the system automatically buys up most of the whales coins and reduce the effect of the dump to the barest minimum. If some bullish whales later buy some million pf dollars worth of that coins, the automated system directly sell about 20% of its holding to the whales and this is repeated to keep the market healthy.

He has 821,050 BTC? Wow! What else does he want, he doesn't need to be satoshi. What the fuck is with this guy he should just be spending it on hookers. There is so much things to do in life and I can think millions of things to do than claiming satoshi if I have that much. I'm sure there are tons of institutional investors going to get that 821,050 from him. He can just put a sell wall now.

And we won't be afraid. We all will buy the dip and make btc great again.

Believe in the fundamentals of bitcoin. He can FUD all he wants, but the price will be strong. If he sells, then there is more opportunity for us to have bitcoin at a lower price. The price will recover from it.

Oh I wish he'll do that coz I wanna buy the dip. No doubts then btc will pump again, I bet even more.

First of all I don't believe that he has so many Bitcoins, but
if he does, he would be very stupid to sell this amount of Bitcoin in those price... It would be ireversable to get them back in the future and he will lose the power of scaring the community.

Exactly, and his little "threat" to the community will end, the sooner the better. Get lost Wright, burn it all in your altcoin, what could possibly go wrong? Ask your colleague Jihan Wu...

It will take effect indeed but only in a short period of time, bitcoin already gained a lots of supporters and if ever CW will do this it can dropped the value but eventually it will be lifted up again just the same with those previous dumped that happened, the cycle will continue and more and more investors will comes in and take this industry as another venue for investment.

Do you really think that CW is really that stupid to dump all his Bitcoin? Nah, as much as we hate this guy, he is intelligent enough to know that he would rather hold on his precious Bitcoins because after all he is supposedly Satoshi right?

He is just playing mind games here, heck we even don't know if he has that huge amount of Bitcoin stash somewhere else. But in any case, if he really decided to liquidate everything so be it, nothing can stop him but it will be a huge lost for him and a lots of people will be happy to buy cheap Bitcoin, so win-win for us.

For let's say he really does have such amount currently on hand, then let him sell it if he decided to. He owned it and nobody else. So be it.

Surely a massive price decrease will follow that no one can ever imagine after all the progress bitcoin made and achieved every year. As usual, people just have to bear the effect for that even it will last for years. Then after some recovery, should we ever think again that a certain individual can make that scenario again? Bitcoin community shouldn't be controlled by anybody.

And more importantly, why are you worried too much? Just go with the flow, ride the current trend and move forward.

It sounds funny when he claims to be satoshi, when the creator of bitcoin wants to destroy what he created for the sake of his new garbage coin. Haha this really doesn't make sense, no one wants to destroy what is hard-earned, and this also proves that he is fakesatoshi. do you believe this news https://www.ccn.com/craig-wright-bitcoin-satoshi-manifesto/ ?

Ok well if that is the case then it is nothing to worry about.

But what if what he is saying is true though? After all if he really has that kind of amount then he has a control over it and can do whatever he wants.

We have these options
1. He sells it , bitcoin drops down so low then panic sell. Poof! Bitcoin gone.

2. He sells it, bitcoin down, people tales advantage of the cheap price then bitcoin comes back to normal.

3. He says he sells it but never sell anything just trolling people so they can panic sell and we all still getting an advantage with it.

I know he knows what he's doing so we should too.

This is incredibly interesting even if it's half-true. But I agree with the posters above saying that the effect from selling 1 million BTC can last a couple of weeks or even just several days.

Considering that today's daily trading volume is almost equal to 2 million BTC (1,808,758 BTC), and taking into account that many people are waiting to buy at the low, it would be interesting to see some opinions on how far down can the price go in the case of such a sell and how many days the recovery can take?

I have 2 million of Bitcoins and I will dump them on January 1 2020, just wait and you will see

Anyone can say whatever he wants, but to prove that something is true or false we have very simple way in cryptocurrency. In order to sell some coin/s you need to have private keys, and if you have private keys you can sign a massage and all crypto community can verify such message.

CW or these days popular Faketoshi can not prove anything, he is just trying to get some free promotion. But with time he is only digging deeper in his mud, and there is less and less people who will try to pull him out.

The real puzzle is why people continue to pay attention to his lies

I have read many stories about this man and I don't think he has such amount of bitcoin.  About two weeks ago or three he said "I will sell 1,000,000 BTC in three different exchange" and now the figure has started changing. and this is the sign that the claim he is making that he is "Satoshi" is false and the consistently not tell the truth is a sign that he is among the people trying to create fud to buying cheap. Bitcoin will grow even if he desired to sell 3,000,000 as we have many that are ready to buy the dip and kick him out of the whales he claims to be. Good luck to all the enthusiast that keep faith with bitcoin !

Forging evidences then being busted and never showing evidences are two totally different stories.
Whoever can't distinguish this and keep saying CSW only not showing evidences is either dim wit or trying to play dumb, period.

No, the "Try harder" line was for them, not you. I know you're not that stupid, because you have been staying away from eating those brown-colored crayons.