If satoshi shows he has still controll of all of his coins what would happen ?

legendbtc

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Quote from: ImThour on January 26, 2024, 07:21:27 AM

Nothing will happen, he would never dump any amount of Bitcoin. He might sell a little bit like the Ethereum Owner sells every year to survive on his creation.
And I am sure, that volume will be nothing compared to those big whales which buy/sell 1000s of Bitcoins every day on CEX or DEX. Nothing will happen due to his selling.
The rest depends upon how users take it.

I agree with you, nothing will happen to bitcoin and to the market when Satoshi sells his bitcoins. He holds a lot of bitcoin but that's compared to us, but compared to the total supply of bitcoin as well as the market, that's nothing.

It has always been said that bitcoin is independent and will not be influenced by any individual or organization. But the funny thing is that people are afraid that Satoshi owns 1 million bitcoins and will sell it. That shows that people don't have as much faith in bitcoin as people say every day. For me, let him sell all those bitcoins, I believe the market will absorb all those bitcoins easily without any problem.

Iroh

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Quote from: testingelcrypto on January 23, 2024, 01:58:30 PM

Lets assume that by mistake satoshi moves his coins. What would happen to bitcoin?

There’s no moving coins by “mistake”. Any move made would be quite intentional and Satoshi moving his coins would surely cause a stir in the crypto market. Although, the stir caused by a move would depend heavily on where the coins are being moved to.
If the coins are moved to an address of a known exchange, then there’s the likelihood of the coins being sold for fiat or whatever. Now that’s a move that I think its sure to cause some movements in the price of bitcoin. But if it’s a harmless move from an address to another, it would only confirm he’s still alive and kicking and would cause little to no impact.

Peanutswar

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If this happens it depends on what kind of move he will take, if he transfer only a large amount of asset into other wallet nothing much will happen but if he want to buy or sell more BTC that's the time people want to grab the opportunity to make profit with the market, but this moves makes a huge possible impact to the people like he sell a large amount of BTC for sure not only the people but establishment related and supported with the bitcoin will affect on it. I guess he make a transactions but not quite that affect most of us.

ImThour

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Nothing will happen, he would never dump any amount of Bitcoin. He might sell a little bit like the Ethereum Owner sells every year to survive on his creation.
And I am sure, that volume will be nothing compared to those big whales which buy/sell 1000s of Bitcoins every day on CEX or DEX. Nothing will happen due to his selling.
The rest depends upon how users take it.

AicecreaME

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Aside from a whale alert, nothing would pretty much happen unless Satoshi would transfer it to a certain exchange which I doubt that he will sell his Bitcoin.

Anyways, this wild idea has been always discussed and my opinion would still be the same. Satoshi Nakamoto would never reveal himself or even will give anyone a hint that he is here in the Blockchain, doing something. For sure he won't do anything that will risk revealing his true identity and things that won't benefit him in return.

yazher

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Quote from: moneystery on January 25, 2024, 11:00:54 PM

if that happens, maybe it will be a bad incident for bitcoin because for a long time the bitcoin from satoshi's wallet has not moved and then when it suddenly moves it will make many users worry that at any time the coin will be sold and will disrupt the value from bitcoin. moreover, so far satoshi has been thought to be gone and has no involvement with bitcoin anymore and when this happens it will increase user attention to the decentralization of bitcoin and will reduce people's trust in it.

If they see such an event happen, surely it will create major confusion and those who are hostile against bitcoins and crypto will use it to spread FUDS and random rumors that will gonna make investors and holders panic. More likely as you said, the bitcoin price will be greatly affected but that would be a great opportunity to enter the market, especially for risk-takers like us. nevertheless, it will surely shake the whole crypto industry and it will completely change how we see the crypto market in the future.

tbterryboy

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Quote from: Kakmakr on January 25, 2024, 01:19:30 AM

There will be a lot of Bitcoin haters spamming forums and media platforms with negative predictions on how Satoshi will dump his/her/their coins.... and how this will negatively influence the price.

This FUD will spread and speculators will start dumping their coins and the "true believers" in this technology will have a field day, buying all those cheap coins. Grin

I don't think there are lots of them because I believe many are still intelligent enough to know the details before they make a move. OP said it was only done by mistake, so there is still a chance that Satoshi will revert the action or the transaction that have just taken place. That should make the situation back to normal again. As usual, those who panic will regret their actions. Their head are too hard to repeat the mistake over and over.

But for those who are first-timers, they need to learn from it and do better next time. I don't know if Satoshi is still alive or not but if ever he is, I don't think he will dump all his BTC's. He is not greedy as other coin developers out there.

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Quote from: testingelcrypto on January 23, 2024, 01:58:30 PM

Lets assume that by mistake satoshi moves his coins. What would happen to bitcoin?

if those coins where move, there are lot of things the might happen,
For example community will be in awe, the market might pump, and news about satoshi will spread that the person is still alive or, people will think that someone might have steal satoshi wallet, or might drag the market down since they will spread fuds, so this are the thing that might happen but for sure those coins might be not be move at all.

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Quote from: testingelcrypto on January 23, 2024, 01:58:30 PM

Lets assume that by mistake satoshi moves his coins. What would happen to bitcoin?

If Satoshi moves his coins it could affect bitcoin a bit but it doesn't seem likely now. Since Satoshi has not released any information so far it is difficult to trace it. Bitcoin will remain where it was. There will be no negative impact on bitcoin. It has nothing to do with bitcoin if there was people would find the sign.

moneystery

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if that happens, maybe it will be a bad incident for bitcoin because for a long time the bitcoin from satoshi's wallet has not moved and then when it suddenly moves it will make many users worry that at any time the coin will be sold and will disrupt the value from bitcoin. moreover, so far satoshi has been thought to be gone and has no involvement with bitcoin anymore and when this happens it will increase user attention to the decentralization of bitcoin and will reduce people's trust in it.

Ale88

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Quote from: Synchronice on January 23, 2024, 02:25:07 PM

Quote from: testingelcrypto on January 23, 2024, 01:58:30 PM

Lets assume that by mistake satoshi moves his coins. What would happen to bitcoin?

We don't know what will happen but there will be a chaos, for sure. As far as I know, it's estimated that he owns up to 1.1 million BTC. There are 19 million bitcoins in circulation. Satoshi owns more than 5% of bitcoins that are in circulation. As far as I know, no private or public company owns as much as Satoshi owns, no other individual and organization owns that much too. Now, imagine, tomorrow comes satoshi with one million bitcoins, what will happen? Panic, absolutely every bitcoin holder will be in panic, every business owner and employees will be in panic because it's the situation that no one has thought about and no one has a plan to deal with it. It's a shock.

I agree with sure, chaos would be the first thing. Then the FUD would start, probably people claiming they know who Satoshi is and what he's going to do with his bitcoins, governments that would go after him, etc etc. The price would dump, people would start selling, it would be a mess. At the point also the altcoins market would dump, maybe even more than bitcoin's.

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Quote from: testingelcrypto on January 23, 2024, 01:58:30 PM

Lets assume that by mistake satoshi moves his coins. What would happen to bitcoin?

If Satoshi return, satoshi's involvement might provide valuable guidance for the future development of Bitcoin, potentially enhancing its technology. However, the return could create uncertainty, causing inna market fluctuations and affecting investor confidence.

Wexnident

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There would be a drop naturally since people would start assuming jack about what he plans to do with his coins, the most notable choice would be that he's going to start selling it. And if he does, said drop would probably drop more since it'd be pretty obvious when an influx of coins suddenly starts entering the market. That's about it really. The market would gradually regulate itself afterward and how slow remains to be seen though.

Development wise I highly doubt anything would change. Satoshi may be the one who started it but now it's being maintained and developed by countless contributors. Satoshi appearing and moving his coins wouldn't put a dent on that.

acroman08

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Quote from: roller33 on January 25, 2024, 04:36:36 PM

But let me understand. Didn't he move any of his BTC?

from what I have read, after he disappeared he hasn't moved any of his coins.

Quote from: roller33 on January 25, 2024, 04:36:36 PM

Isn't he an active member of BTC?

not after he disappeared, or at least that is what we know. maybe he is still active but only using a different identity, who knows.

Quote from: roller33 on January 25, 2024, 04:36:36 PM

It might sound silly, but I'm not really aware of Satoshi, if he's out there moving his coins.

if you are curious about Satoshi there are articles you can read about him they are just one Google search away. anyway, as I have mentioned before, from what I have read from articles before, the BTC on his wallet has not been moved or sold.

roller33

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Quote from: Synchronice on January 23, 2024, 02:25:07 PM

Quote from: testingelcrypto on January 23, 2024, 01:58:30 PM

Lets assume that by mistake satoshi moves his coins. What would happen to bitcoin?

We don't know what will happen but there will be a chaos, for sure. As far as I know, it's estimated that he owns up to 1.1 million BTC. There are 19 million bitcoins in circulation. Satoshi owns more than 5% of bitcoins that are in circulation. As far as I know, no private or public company owns as much as Satoshi owns, no other individual and organization owns that much too. Now, imagine, tomorrow comes satoshi with one million bitcoins, what will happen? Panic, absolutely every bitcoin holder will be in panic, every business owner and employees will be in panic because it's the situation that no one has thought about and no one has a plan to deal with it. It's a shock.

But let me understand. Didn't he move any of his BTC?
Isn't he an active member of BTC?

It might sound silly, but I'm not really aware of Satoshi, if he's out there moving his coins.

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Quote from: adultcrypto on January 25, 2024, 08:33:06 AM

I believe that even the movement is from one cold wallet to another, there will be panic because it will confirm that Satasho is still alive and in control of his assets. This may affect future plans of many investors because of the fear that Satasho can sometime in the future, dump his coin which will be devastating for Bitcoin.

Without any contrary information, the general idea is that Satoshi is alive and in control of his assets, we cannot assume otherwise if we don't have any information on that.

But you're right that there still would be panic whichever direction Satoshi moves his coins, but if it's from one cold storage to another the impact will be notably lesser than if it is to an exchange address and more short lived.

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I think this will never happen. Satoshi doesn't need this money.
But if all the coins were sold, the rate could fall many times by 2-10 times

Y3shot

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Quote from: testingelcrypto on January 23, 2024, 01:58:30 PM

Lets assume that by mistake satoshi moves his coins. What would happen to bitcoin?

I don't think anything bad will happen to bitcoin if Satoshi moves is coins, doing this will only make people know that Satoshi is alive, because this is a sign people have been looking for.for me I think doing this will affect the market market positively because I don't see anything if Satoshi moves his coins, this is the same thing every average investor can do. It will just be interesting to know that Satoshi is alive.

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Quote from: testingelcrypto on January 23, 2024, 01:58:30 PM

Lets assume that by mistake satoshi moves his coins. What would happen to bitcoin?

If that happens I think that it will be one of the main headlines on the internet especially social media and on television news. Fake Satoshi Nakamoto copycats emerging online and proclaiming themselves as the legendary founder of Bitcoin will surely be having a heart attack. 😆

Let's assume that the founder is just watching us, with his presence today I think he has some good news to solve any lapses or make some improvements and upgrades that will make Bitcoin invulnerable to any future attacks.

adultcrypto

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Quote from: Upgrade00 on January 23, 2024, 02:28:41 PM

You don't move coins by mistake.

If Satoshi does move his coins, the result on the market will depend on if he is transferring from one cold storage to another or if he's moving them to an exchange wallet which suggests the intention of wanting to sell.

All of the whale alert accounts would being hysteria as well as blogs too, and there would be speculations of if Satoshi wants to come out of anonymity.

If there is no more movement from the account, the crypto community would move on after a week or two.

I believe that even the movement is from one cold wallet to another, there will be panic because it will confirm that Satasho is still alive and in control of his assets. This may affect future plans of many investors because of the fear that Satasho can sometime in the future, dump his coin which will be devastating for Bitcoin. The fact is that it is better for Bitcoin when it is seen and believed that no single individual or entity actually have control of it. This is part of the confidence of investors and if that changes any day, there will be negative effect.

I do not think Satoshi will do this because most likely he would have donated those Bitcoin to the community and started mining other Bitcoins anonymously if he is still alive.

Topic: If satoshi shows he has still controll of all of his coins what would happen ? (Read 448 times)