If the bitcoins from satoshi wallet will be sold, how will cost bitcoin?

jetsTech

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Quote from: LTU_btc on March 14, 2018, 07:05:29 PM

Quote from: jetsTech on March 13, 2018, 02:35:27 AM

If the bitcoins from satoshi wallet will be sold, how will cost bitcoin? We are talk about 980 000 btc, what will be in this situation Roll Eyes

I hardly can imagine how Satoshi or someone else would be able to sell 980 000 at once. But if, then it would huge crash, maybe Bitcoin will come back to hundreds and to recover we would need at least several years. But even if part of these BTC would be sold or move to another wallet address, it would have big impact to price of BTC, not into positive side offcourse

in the positive direction is unlikely to affect

jetsTech

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Quote from: jimbo2000 on March 14, 2018, 01:58:48 PM

It's really speculation and I think the answer would be different for 1m coins or 1m of Satoshi's coins. If he sells then people will be wondering why the creator is selling his own creation and so that would cause an even deeper dump than if someone else had that many coins and sold them. I think we'd see close to a 3 figure price if that were to happen.

the question is whether we will keep our bitcoin in our wallet in this case

jetsTech

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Quote from: Warren Buffert on March 14, 2018, 07:44:30 PM

Quote from: Don Pedro Dinero on March 13, 2018, 02:37:23 AM

I depends because only an idiot would place a sell order for the total amount, as that would drag down the price so much that he would lose a lot of money. The most intelligent way would be to place partial orders depending on market conditions.

No need for a big sell order, as soon as any btc would start to move from satoshi's address it's panic time.

I think I do not need to panic anyway. Better than logical reasoning there is nothing

jetsTech

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Quote from: LTU_btc on March 14, 2018, 07:05:29 PM

Quote from: jetsTech on March 13, 2018, 02:35:27 AM

If the bitcoins from satoshi wallet will be sold, how will cost bitcoin? We are talk about 980 000 btc, what will be in this situation Roll Eyes

I hardly can imagine how Satoshi or someone else would be able to sell 980 000 at once. But if, then it would huge crash, maybe Bitcoin will come back to hundreds and to recover we would need at least several years. But even if part of these BTC would be sold or move to another wallet address, it would have big impact to price of BTC, not into positive side offcourse

that's exactly what I think, in the long run. But I want, that it was not so

Warren Buffert

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Quote from: Don Pedro Dinero on March 13, 2018, 02:37:23 AM

I depends because only an idiot would place a sell order for the total amount, as that would drag down the price so much that he would lose a lot of money. The most intelligent way would be to place partial orders depending on market conditions.

No need for a big sell order, as soon as any btc would start to move from satoshi's address it's panic time.

Kokondao

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If satoshi sells the bitcoin he owns he will definitely cost a lot because of the amount of bitcoin that satoshi have, and at the moment I'm sure the bitcoin price will fall.

LTU_btc

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Quote from: jetsTech on March 13, 2018, 02:35:27 AM

If the bitcoins from satoshi wallet will be sold, how will cost bitcoin? We are talk about 980 000 btc, what will be in this situation Roll Eyes

I hardly can imagine how Satoshi or someone else would be able to sell 980 000 at once. But if, then it would huge crash, maybe Bitcoin will come back to hundreds and to recover we would need at least several years. But even if part of these BTC would be sold or move to another wallet address, it would have big impact to price of BTC, not into positive side offcourse

jimbo2000

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It's really speculation and I think the answer would be different for 1m coins or 1m of Satoshi's coins. If he sells then people will be wondering why the creator is selling his own creation and so that would cause an even deeper dump than if someone else had that many coins and sold them. I think we'd see close to a 3 figure price if that were to happen.

Crypdon

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Satoshi will not do that as it will destroy his creation. The price will completely tank, even if he moves one bitcoin everyone will panic sell. This is the problem with an over-reliance on one type of coin. If the second coin was close e.g. Ethereum was worth 75% of a bitcoin then it would not matter as much - people will switch to ethereum instead.

pocket_lck

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If the bitcoin of satoshi is all sold then the bitcoin price will be more destroyed and dropped dramatically, and probably very much the cost incurred for the cost of bitos satoshi because of the large amount.

JoshuaBlack1

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It would probably be catastrophic if he/they dumped it all on the market. Even selling it OTC I'd worry who's hands it would be going into. It would take years for bitcoin to recover

Polipog

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This is something an interesting question, well if the satoshi stocks of bitcoin will be sold, maybe price of bitcoin dramatically falling down immediately and return to their orignal price value as what the level price of bitcoin started before. Hopefully it would not be happened, because it affects the total operation of bitcoin and a lot of people who access bitcoin will disappear.

burdagol12345

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Quote from: jetsTech on March 13, 2018, 02:35:27 AM

If the bitcoins from satoshi wallet will be sold, how will cost bitcoin? We are talk about 980 000 btc, what will be in this situation Roll Eyes

Will,satoshi in my own understanding is a centavo in my own currency or a penny amount of bitcoin,actually you did not define the exact decimal value of satoshi given,so that we can compute according to my own currency,but this satpshi could not been sell in trading site,because they have an minimum amount to accept before you can trade,so its better you must hold that in your wallet and put as that a long term investment.

ManaMan

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Quote from: jetsTech on March 13, 2018, 02:35:27 AM

If the bitcoins from satoshi wallet will be sold, how will cost bitcoin? We are talk about 980 000 btc, what will be in this situation Roll Eyes

To be honest I don't think that satoshi will ever want to sell those coins. Keep in mind that his addresses are pretty well watched and if he/she or they wanted to cash out that amount satoshi identity could be compromised. Knowing that satoshi wanted to stay behind the scenes I do not believe this is going to happen.

jetsTech

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Quote from: slothtrooper on March 13, 2018, 05:53:32 AM

Besides the owner of the Satoshi wallet is most probably AI

The fact remains that if all these bitcoins are sold then the market will be long in decline

slothtrooper

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Dont worry over such things, as your worrying can do nothing to affect the outcome, as Jetstech commented it would not be in the interest of that account holder to tank the prices by selling all at once, as was the case with the MT Gox lawyer. If I owned 1 million bit coins I would want to get the best price possible on all 1 million of my coins.

Besides the owner of the Satoshi wallet is most probably AI

jetsTech

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Quote from: Don Pedro Dinero on March 13, 2018, 02:37:23 AM

I depends because only an idiot would place a sell order for the total amount, as that would drag down the price so much that he would lose a lot of money. The most intelligent way would be to place partial orders depending on market conditions.

It is clear that only an idiot will sell all at once. I'm talking about now if all this sum of bitcoins will be sold in parts. If the a Mt.Gox trustee dropped the market taking out about 35,000 BTC . Then what if you bring out about a million BTC Huh

Don Pedro Dinero

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I depends because only an idiot would place a sell order for the total amount, as that would drag down the price so much that he would lose a lot of money. The most intelligent way would be to place partial orders depending on market conditions.

jetsTech

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If the bitcoins from satoshi wallet will be sold, how will cost bitcoin? We are talk about 980 000 btc, what will be in this situation Roll Eyes

Topic: If the bitcoins from satoshi wallet will be sold, how will cost bitcoin? (Read 229 times)