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

hero member
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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.

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.
sr. member
Activity: 616
Merit: 274
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.
hero member
Activity: 1498
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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.
copper member
Activity: 1386
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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.
sr. member
Activity: 2324
Merit: 454
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.
hero member
Activity: 2184
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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.

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.
sr. member
Activity: 1890
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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.
full member
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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.
member
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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.
full member
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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.
legendary
Activity: 2380
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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.
jr. member
Activity: 33
Merit: 6
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.
hero member
Activity: 2506
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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.
legendary
Activity: 2310
Merit: 1075
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.

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.

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.
copper member
Activity: 35
Merit: 5
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.
legendary
Activity: 2030
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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.
newbie
Activity: 210
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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
full member
Activity: 560
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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. 
sr. member
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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.
sr. member
Activity: 322
Merit: 250
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.
sr. member
Activity: 252
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Lets assume that by mistake satoshi moves his coins. What would happen to bitcoin?

Satoshi is probably dead so that will not happen.

I also think he is dead, I still believe that Satoshi is Hall Finney.

Even if they say that story about the email and transactions during Hal's race, he could very well have instructed someone in the family to do that to mislead about his real identity.
legendary
Activity: 1792
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Lets assume that by mistake satoshi moves his coins. What would happen to bitcoin?
This will definitely cause panic. Weak hands will begin to get rid of bitcoin, as happens with any event in the cryptomarket, which will lead to a short-term drop in value. Strong hands will continue to hold bitcoin in their wallets and, taking advantage of the weakness of others, will buy up bitcoin on the cheap. The rule: the poor get poorer and the rich get richer works here too.

If you are afraid of an immediate (complete collapse) of bitcoin, then this will not happen. The cryptomarket will regulate itself. Bitcoin is strong enough to “not notice” the movement of these coins.

A magic crystal ball told me this. Smiley
member
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Lets assume that by mistake satoshi moves his coins. What would happen to bitcoin?

I guess nothing can happen except if he will be converting his holding to cash in the many exchanges that we have right now. Now, having said that, I think a big news like this can even be helping Bitcoin as people will now see the man behind the Bitcoin and maybe can also provide the leadership and guidance sorely needed. Of course, this is just my personal opinion and I could not predict the future in any way. However, this can be just a wishful thinking as nobody can be sure if Satoshi Nakamoto is still alive and if he was a real person in the first place.
legendary
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Lets assume that by mistake satoshi moves his coins. What would happen to bitcoin?

Satoshi is probably dead so that will not happen.
sr. member
Activity: 2618
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Lets assume that by mistake satoshi moves his coins. What would happen to bitcoin?

Op, in as much as I like your assumption and this your assumed question has put a high thought of reasoning in many of us here, I don't think that will ever happen, even though he is the inventor, people has been fully involved now and this coin we are talking about is been controlled by market force, when we talk about market force, it is we the individuals that push the market, that's to say without you and me bitcoin would have not gather such a momentum we are seeing now, Satoshi can not think towards that direction because he has never done it before, so why now that his invention is in the lead. 
Sorry but do you really know what the topic says? it is not about  Satoshi will move the market but we are talking about the Funds of satoshi if being moved then what will be the market reaction though it is impossible that it will be moving mistakenly lol.
If Satoshi suddenly moves his bitcoins, i think it will be like a bomb going off in the crypto world. People would freak out and start guessing why. If he sells them, Bitcoin's price might take a hit temporarily. Even if he just moves them without selling, it would still create chaos and uncertainty in the market. It's a big deal because Satoshi is like a ghost in the crypto world and any move he makes would make waves
but that will be temporary mate and it is not be Bomb but will be the next to move the market from on and off ,  and actually that is something will wake up more people to listen about the bitcoin and surely the beginning of the biggest growth.
full member
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Lets assume that by mistake satoshi moves his coins. What would happen to bitcoin?

Op, in as much as I like your assumption and this your assumed question has put a high thought of reasoning in many of us here, I don't think that will ever happen, even though he is the inventor, people has been fully involved now and this coin we are talking about is been controlled by market force, when we talk about market force, it is we the individuals that push the market, that's to say without you and me bitcoin would have not gather such a momentum we are seeing now, Satoshi can not think towards that direction because he has never done it before, so why now that his invention is in the lead. 
full member
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Even if Satoshi sells 1M BTC, the maximum possible supply is still 21M, and everyone around the globe still agrees on the same bitcoin software and rules.

It caused a small turbulence, sure, but the existence of the network wouldn't depend on it.
You said it right mate , that is completely what will happen because the effect will be temporary
and indeed that it will be small movement as the supply is really smaller than that 21 million as there are so
much floating in the air that cannot be retrieve so the value will keep growing year after year , not unless
upon moving the wallet the bitcoin will be sold and  converted into dollar because from that surely there is
something happening inside and alarming to all of us.
full member
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If Satoshi suddenly moves his bitcoins, i think it will be like a bomb going off in the crypto world. People would freak out and start guessing why. If he sells them, Bitcoin's price might take a hit temporarily. Even if he just moves them without selling, it would still create chaos and uncertainty in the market. It's a big deal because Satoshi is like a ghost in the crypto world and any move he makes would make waves
sr. member
Activity: 658
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We really can't say until this happens for real, there is two possibility here.

1. There will be panic because people will react to this numbers of Bitcoin, 1 million Bitcoin is not a joke, this can make people to panic sell their bags, thinking that Satoshi might start dumping.

2. There will be good reaction, like Hurray! Satoshi Nakamoto is alive all along, market can react positively to this news and Bitcoin price action won't even care what Satoshi will do next with his Bitcoin bag.

But let's not forget that even if this person might sell their one million Bitcoin, it's not comparable to the max supply of all Bitcoin, that's 21 million, it can cause some massive negative reaction but not for long.
jr. member
Activity: 53
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What a funny post, after reading 80% are talking how a man or woman, who has create a unique thing like BITCOIN, has no right's to move his coins because it would be panic.

If and only if it will ever happend, maybe a Lost BTC Hunter find some of his coins or somebody else, if he Satoshi move his coins, no matter who move no matter who's coins ... has the right, why, you have the key ... you have the btc.

And if the system collaps after such a movement, than the sytem has never had trust from his Users.

Who cares if somebody move Billions of dollars or euros. Nobody. But the also funny thing is ... Bitcoin is the most, tracked payment system ... every movement is analysed, and monitored, best example is Old Adresses have Dormant Charts ... nothing else to say.
newbie
Activity: 89
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No one knows. I can only assume that it will make huge impact on the price, but I don't know if it would be positive or negative.
jr. member
Activity: 67
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Even if Satoshi sells 1M BTC, the maximum possible supply is still 21M, and everyone around the globe still agrees on the same bitcoin software and rules.

It caused a small turbulence, sure, but the existence of the network wouldn't depend on it.
full member
Activity: 2016
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Quote from: testingelcrypto
Lets assume that by mistake satoshi moves his coins. What would happen to bitcoin?

I don't think, Satoshi will make such mistakes to move his coins to another wallet but if such thing happen to such coins show that two things involve either he or she is trying to prove to people that he or she still remain the owner of the coins or maybe someone hack the account which we know that it will be difficult for those things to happen to Satoshi coins. If anyone told you that Satoshi is coming back to move his or her coins from the market to collapse, I will advice you not to listen to such fake information that will never come to reality. If you are holding your coins right now in your wallet,  you don't have anything to worry about if Satoshi will remove his or her coins or not, just be patience with your holding so that you will test the potential of what you are holding.
hero member
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Lets assume that by mistake satoshi moves his coins. What would happen to bitcoin?

Moving his coins "by mistake"? What does that mean? Do you move your own coins "by mistake"? Grin
Why didn't Satoshi move his coins back in 2021-2022, when the BTC price was around 59K? Does he even care about making money out of Bitcoin? Is he even alive? So many questions and no answers. The discussion about "what would happen, if Satoshi appears out of nowhere?" is pretty much pointless at this point, but random forum members keep asking the same question over and over again.
Even if Satoshi sells his one million coins, the Bitcoin market will head back to a bull run after several years of increased BTC supply.
full member
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Lets assume that by mistake satoshi moves his coins. What would happen to bitcoin?
It is impossible  to move a coin by mistake meaning if that coins moved meaning it is Satoshi that act on it and as you asks about what would happened, then for sure the market will have its big movement , depends on how the community evaluate the meaning of that said movement.

because this can be resulting to Dumping as many will secure their money by selling the bitcoins , or the other scenario is that people will keep buying because of assurance that Satoshi is still alive and kicking.

Not unless there are other entities that truly has access to that funds and from that things will have different result.
hero member
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We are all the pieces of what we remember.
It obviously will be bearish because many are assuming those coins are lost forever. So instead of an actual 19-20M supply, it will be 21M supply implied and bitcoin could correct.

But the bigger issue is that if he moves his coins, it depends how much. If they sends $1B coins to coinbase then obviously it’s bearish and there will be panic. But if he just moves them to a more secure wallet then the panic won’t be as bad.

I agree that the market would panic if Satoshi intended to move or sell his bitcoins. But eventually, the panic will end and there will even be opportunities for us to buy bitcoin cheap. I think Satoshi selling bitcoin is the same as other whales selling, why are people always scared? Meanwhile we always declare that bitcoin does not depend on anyone and no one can break or harm it.

If he sells all his bitcoins, I will support him because that is the reward he deserves for his contributions to the community. He is also a bitcoin investor, we have the right to take profits, why doesn't he have the right to take profits like we do?
legendary
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It obviously will be bearish because many are assuming those coins are lost forever. So instead of an actual 19-20M supply, it will be 21M supply implied and bitcoin could correct.

But the bigger issue is that if he moves his coins, it depends how much. If they sends $1B coins to coinbase then obviously it’s bearish and there will be panic. But if he just moves them to a more secure wallet then the panic won’t be as bad.
legendary
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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
full member
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Do you mean if Satoshi by mistake retrieves back all his invented Bitcoin currency including investors Bitcoins?
Or his Bitcoin hodling in the Bitcoin space and decides to sell his own hodled bitcoins?
However, I do not think that Satoshi would ever play any of such suspicious irregularity role of action that would tend to scare the investors because it would serve a warning and threats to the Bitcoin industrial marketing crashes.
My question is.... In what reasons would he do that in the First place? To purchase the world or at his own pleases which we all know how reputable he is? Or tends to achieve his true intensions of Bitcoin inventory to rebellion?
Of course not, I don't see such happening and can't even put a realistic personal considerations to make it possibly realistic to happen.
sr. member
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Lets assume that by mistake satoshi moves his coins. What would happen to bitcoin?
I'm sure Satoshi won't betray us after all these years of what he built and then destroyed himself? Don't expect that to happen, no matter how tempted Satoshi is with Bitcoin right now, he would have stuck with it since he decided to leave or until now. The Bitcoin he owns will remain historical evidence that must be preserved.

Despite what I believe, no one knows what the future will bring. Especially after the mysterious incident of sending large amounts of Bitcoin on January 6. There are many wild assumptions regarding the motives behind the shipment. Could it be that Satoshi wanted to convey a message because dropping around 26.9 Bitcoin was not something intentional but I'm sure there is a hidden message that we still can't understand until now.
sr. member
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Lets assume that by mistake satoshi moves his coins. What would happen to bitcoin?
I think bitcoin will be fine. But what you need to worry about is the investors. Because I am sure that if this happened, many investors would panic and would most likely quickly sell their assets. Because if, for example, Satoshi sends his bitcoin assets to the exchange, there are several possible causes for this to happen. That is

  • Satoshi wants to sell the bitcoin assets he owns.
  • Want to move bitcoin assets to another wallet.
  • Or Satoshi also wants to see the market response (the possibility is very small).

However, of these 3 possibilities, bitcoin investors will definitely be very wary of the first possibility. Because if, for example, Satoshi sent his bitcoin assets to the exchange and after that sold all his assets, then the price of bitcoin would definitely fall very deeply. Because how could it not be, Satoshi is the creator of Bitcoin. So if he sells all the bitcoin assets he owns, of course this will be a big question mark. But in my opinion all of that is quite impossible if it happens. Because until now no one knows whether this satoshi still exists or not. In addition, it is impossible for Satoshi to destroy the bitcoins he created. So it's better to stop thinking like this, bro. Because of the assumptions you make about Bitcoin, sometimes there are people who take it seriously and end up thinking paranoid.
hero member
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Lets assume that by mistake satoshi moves his coins. What would happen to bitcoin?
Nothing is impossible especially if Satoshi is more than one person, and by this question, you said moves "his" coin. Meaning that he is not stealing anybody's money, so it is not a big deal, he has the right. Like any other BTC that is being moved in and out of the market, it will be judged by the size, yet because Satoshi is involved, the impact might be more regardless of the amount moved out. The impact on the market depends on the amount of money we are talking about. But I fear that this will not expose his/their identities.
sr. member
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Lets assume that by mistake satoshi moves his coins. What would happen to bitcoin?
There are no negative assumptions because you are trying to force that situation to happen but it does not happen and there will never be such a situation. Why try to put yourself in negative situations?

The confusion belongs to you, not to Satoshi. I am sure that if Satoshi appears and returns to work, it will bring positivity to bitcoin the way it ideally brings. Judgment comes from us and we like to make assumptions, think about it, but people like OP like to make excuses for all kinds of problems from themselves and judge others, like you are a bad student but like to make excuses admonish excellent students about their mistakes.
newbie
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Last time active here satoshi was online on dec 2010
hero member
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Lets assume that by mistake satoshi moves his coins. What would happen to bitcoin?
In what aspect?

To Bitcoin's development: nothing will change, there are many Bitcoin developers, it's not that Satoshi will able to change anything that he wants.

To the market: a lot people, articles and institutions will talk about that, we might see a sudden dump since people are panic and they thought Bitcoin is no longer decentralized due to lack of understanding.

I'd say it's impossible if Satoshi made a mistake, haven't you thought how he can able to stay anonymous since 2008?
hero member
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Lets assume that by mistake satoshi moves his coins. What would happen to bitcoin?
And how exactly could that happen? If a person wants to see their coins but plans to make no movements they can create a watch-only wallet and do this, so in order for that mistake to happen Satoshi will need to mistakenly access their regular wallet, enter a password, input an amount to send and the fee, input a bitcoin address and finally write their password again, how could this sequence of events ever be a mistake? If the coins we believe belong to Satoshi move one day, you can be sure that it was not a mistake.
sr. member
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Jolly? I think I've heard that name before. hmm
Lets assume that by mistake satoshi moves his coins. What would happen to bitcoin?

I'm sure this possibility will never happen. I'm sure Satoshi knows what will happen if there is btc transfer activity from a wallet address that allegedly belongs to Satoshi. Firstly, btc transfers from that address will instantly go viral, secondly, satoshi will become the most sought after people, thirdly, trust in bitcoin will collapse when that happens and the price will drop significantly.

I don't think Satoshi would do that for any reason because it would be the same as killing the trust in Bitcoin that has been built over the years.

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If he has control over the coin bitcoin, then bitcoin will never be as it was. I mean, its current price. I don't think that it will reach this point because bitcoin has gone through its current price because no one controls it, maybe us or whales, but it is not like we could change the market every time we want without sacrificing anything. And imagine if Satoshi can manipulate the price of bitcoin, then many investors will get out of investing in bitcoin, or worst case scenario, there will be no investors at all. In short, complete chaos will ensue; bitcoin will never be as we know it now if it is being controlled by even the creators themselves. But from what we are seeing Satoshi or other creators of bitcoin are silent, maybe for a particular reason, but one thing I'm sure of is that they are letting us investors do what we want with bitcoin; simply put, bitcoin is freedom in the financial aspect.
legendary
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There would be a sharp short-term drop, but providing there would be no developments - no actual selling by Satoshi, no statements by Satoshi, etc. - then the market would quickly recover and move on. Most likely people will be speculating whether those coins actually belong to Satoshi or some another early user, because it's not like there's a long list of addresses that are definitely 100% belong to Satoshi.
hero member
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OP, if Satoshi moves his coins to a different wallet, which maybe he is just trying to prove to the community that he still has access to his coins, nothing will happen; it will only cause some FUD, and the large community will also talk about it for probably a week or more, after which everyone will forget about it, and it can only be referenced if there is any need to do that.
full member
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Lets assume that by mistake satoshi moves his coins. What would happen to bitcoin?
Moving his coins will not be by mistake, and it will raise a lot of attention because people will be trying to understand why the coins are being moved, It will raise a lot of questions like; Could this be the sign of something bad about to happen to bitcoins like maybe it is about to fail?
But I am also thinking, since Satoshi cannot or would not move any coins he has because of the kind of attention it will raise, what is the plan exactly? How does he profit from all this? and how is he coping with creating something that he cannot financially benefit from without raising attention?
member
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Maybe Satoshi sold his bitcoins already.... and nobody noticed.....

There is currently another thread about Saudi Arabia maybe buying 1 Million Bitcoins.

What if Satoshi just meets with the guys from Saudi Arabia with a bunch of lawyers and Satoshi hands over all private keys to his wallets and Saudi Arabia hands over the payment in whatever form.

In the Blockchain you would see nothing, no change... and no panic affecting the price of Bitcoin...

Just saying Smiley

________________________

Just thinking of it: with Bitcoin you cannot reverse a transaction if you send the coins.  So if I want to pay for example 1 bitcoin and do a payment through the network I have delays and fees.  If I send a private key to wallet containing 1 bitcoin I pay no fee at all and there is no record of the transaction......the risk is the same, bitcoin is gone with both ways,,,,
legendary
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if it causes market chaos, of idiots panic selling.. remember once sold their panic session is gone
once your out, your out

in short, temporary discount session to accumulate more cheap coins

the only true panic should be a coding bug that messes with mining blocks/creating blocks that cause long term break in bitcoin functionality

everything else is just discount opportunities to accumulate more coins cheaply

for instance grayscale held 640k coins for years, the are now selling(have ~550k left), enjoy the discount
hero member
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But who would Satoshi sell to?

Thousands of people that want to buy bitcoin.

Quote
This would end your anonymity and the market would absorb its sale.


How will satoshi moving his coin affect your anonymity? I don’t even see how both of them relates – likely the first post stated the only identity that could be at the risk of being revealed is that of satoshi himself – but there are ways he could move them before he trades them without being exposed.
hero member
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Lets assume that by mistake satoshi moves his coins. What would happen to bitcoin?

Is there anything like mistake? I mean someone will enter his wallet seed phrase or private keys and then try to send Bitcoin from the original wallet to another, he didn't realize he is doing a mistake, he went ahead to sign the transaction and after all that, he mistakenly broadcasted the transaction hash on the Bitcoin boded to be propagated from one node to another, no my friend that can't be a mistake but intentional mistake and purpose.

If Satoshi sent his Bitcoin from wallet to another, that shouldn't be a cause for panic after all we have seen how institutional investors are moving bitcoin from one wallet to another, some of them move them most often to Coin base for sells, some are been move from wallet to another to sell but this are over the counter (OTC) sales and you don't know it's Bitcoin they are selling. So, it's nothing to be serious about and I doubt if Satoshi will even send to centralized exchanges, it can't happen and people will hardly notice if sell is going on.

By the way, didn't team unlock shitcoins everyday and sells and nothing happen to the projects? Is Bitcoin that is only the problem here. Millions of tokens are been unlock on coins that are having low liquidity than Bitcoin and nothing happened but people panic over nothing when old wallets moves bitcoin from one wallet to another.
full member
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I think a lot of people would turn their heads and be interested

It could go both ways it could make people believe more in bitcoin and put their trust into it making the price increase on the other hand it could also do some damage to the market if satoshi moves his coins people might assume that there is something to happen which would make them take out their coins
sr. member
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Lets assume that by mistake satoshi moves his coins. What would happen to bitcoin?

This will be the most chaotic event since Bitcoin's inception and Satoshi Nakamoto's disappearance. The market will be in turmoil because people will be concerned about what will happen to bitcoin after that. Many thoughts will arise that will cause fear, potentially resulting in a market crash. The bitcoin in that wallet serves a purpose, and if that purpose is altered, we can only imagine what the future of bitcoin will be.

I don't care what anyone says, I am certain in the belief that Satoshi knew form day one exactly what he was going to do and how he was going to do it in terms of creating/setting up that wallet and then never moving coins out of it.  So I don't think theres any chance that we ever see him come back again.  It would be great of course as bitcoin needs help IMO. 

What kind of assistance do you believe bitcoin requires now? And does Satoshi Nakamoto's reappearance solve the problem Bitcoin is facing? His anonymity has also contributed to bitcoin's success, as it remains decentralised and has not been compromised by anyone to date.
hero member
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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.
Yes,even on a single transaction from those known wallet of Satoshi is really that highly been monitored for any movements. On the time that it would really be making out such movement then it wont really be shocking that if ever there would really be those movement then the community or even the whole crypto space would really be creating those kind of assumptions at the same time to be that happy
or optimistic knowing that Satoshi is alive at the same time that tons of people would really be having those kind of fear that it would really be the cause of the huge dump into this market.

There's no way that we could be able to know on what would happen in this particular moments or time but pretty much sure that the masses would really be having those common reaction
of things that they do have in mind. It is really just that impossible that people couldnt really be able to determine on what are those probabilities.
For me, then fear is there on which holding a million BTC coins then it would be able to dump the market so hard.
sr. member
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The worst that would happen was the price would fall due to the large volume of coins. But who would Satoshi sell to? This would end your anonymity and the market would absorb its sale.

Satoshi has no control over the market or bitcoin, it was created for this, bitcoin is social scalability, only the community has control.
member
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With the worth of Bitcoin being held by Satoshi, as soon as it is realized that he is active again, the market will crash. With so much worth of bitcoin in a single person's control, the market will shake very badly and alot of selling will take place. Because people will believe that a big selling is about to happen, causing a big bear market, so to avoid it, alot of selling will take place causing a lot of panic and a big bear market.
hero member
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If Satoshi moves his Bitcoins it comes with advantages and disadvantages. The advantage is that the market will experience more traffic and attention. The disadvantage is the market will experience an increase in volatility, and the BTC haters will find a means to trace him so they can file unnecessary accusations and lawsuits. Assuming, the BTC was moved to an exchange wallet. This will lead to huge panic and possible changes in BTC development.

Maybe this is what an anonymous user who sent 26.9 BTC to Satoshi's wallet from Binance on the 5th Jan 2024 wants to see maybe it will happen cause he/she can use the BTC to help the people in need.
legendary
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I don't care what anyone says, I am certain in the belief that Satoshi knew form day one exactly what he was going to do and how he was going to do it in terms of creating/setting up that wallet and then never moving coins out of it.  So I don't think theres any chance that we ever see him come back again.  It would be great of course as bitcoin needs help IMO. 
sr. member
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Let's assume he moves his coins intentionally then the first thing I can imagine is the shockwave created all around the world both positive and negative news will be the talk of the world on that day which could bring more attention to Bitcoin than ever because Satoshi comes back from hibernation more than a decade.

Market impact depends on how the coins are used, if it's for selling then it could create a domino effect and the crash we never imagined will occur.
legendary
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The question is, why would Satoshi Nakamoto make such mistakes? Has he made similar mistakes previously? Can't he move his holding consciously? Whatever the way he moves his coins, the market will shake. I feel the market will move positively because investors will start believing Satoshi Nakamoto is still alive. The crypto community would be crazy to accumulate Bitcoin and think there may be something cooking behind the scenes. But it's just an assumption; it is unpredictable.
legendary
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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.
hero member
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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.
jr. member
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Lets assume that by mistake satoshi moves his coins. What would happen to bitcoin?
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