Scary thought | Bitcointalksearch.org

KingScorpio

sr. member

Activity: 1470

Merit: 325

Quote from: naeemyolo on June 10, 2018, 02:46:54 PM

What if Satoshi Nakamoto comes back and moves his all bitcoins onto a exchange and puts them up for sale?

Would that crash the whole market?

yes it could drop the entire (bitcoin-)market and cause a lasting echo that will keep bitcoin at a low price for the rest of its existance.

additionaly it is suspected that satoshi and the big bitcoin miners association are bitcoins secret centre (decentral currency with centre Roll Eyes

)

and they are the main drivers behind the marketing propaganda, and social media fake bots that apprach people and spam them with bitcoin investment adivsory, the bull calls and pump and dump schemes.

so doing that would remove a lot of bitcoins centre, and there will be much less bitcoin advertisement in the internet, ultimately leading even more to bitcoins end.

regards

SeriosSam

jr. member

Activity: 106

Merit: 1

This will not happen, because Satoshi will not want to kill his baby bitcoin!

Kofiy

copper member

Activity: 112

Merit: 0

Am KOFIY!

I trust Satoshi, he can't do that and if he did it will first of all affect the market for a while

HitMarshall67

newbie

Activity: 56

Merit: 0

man , i hope this never happens ,that will be a major bummer.

tabas

hero member

Activity: 3024

Merit: 745

Top Crypto Casino

Quote from: BitHodler on June 11, 2018, 07:56:40 PM

Quote from: tabas on June 11, 2018, 05:29:47 PM

Scary as it is when you see the main developer selling his own creation, it will bring chaos to the market.

Satoshi isn't the main developer. It's not meant to disrespect him, but aside from his financial influence on this market due to his coins, he is a nobody now and will stay that for ever.

He isn't and won't ever be able to contribute to Bitcoin again. Even if someone proves to have access to the address containing the legacy block reward, there is no way to prove it is actually Satoshi.

In other words, even the real Satoshi can't prove that he is actually the real Satoshi. This is exactly what gives Bitcoin its power. There is no main developer. Satoshi did the right thing to leave early on.

I addressed him as main developer until now so it's fine for me to say that.

I agree on what you've said about it that he has no power anymore as the main developer. Bitcoin has been created as an open source and there are people who are contributing to its upgrade and to make it better. And about the proving of his own as satoshi, we may not know who's the real satoshi and speculations will just come on who really satoshi is. Lately, I've seen an article that tells Gavin is satoshi. Grin

Bootstrapped Gavin: Satoshi Nakamoto’s identity revealed!

BitHodler

legendary

Activity: 1526

Merit: 1179

Quote from: tabas on June 11, 2018, 05:29:47 PM

Scary as it is when you see the main developer selling his own creation, it will bring chaos to the market.

Satoshi isn't the main developer. It's not meant to disrespect him, but aside from his financial influence on this market due to his coins, he is a nobody now and will stay that for ever.

He isn't and won't ever be able to contribute to Bitcoin again. Even if someone proves to have access to the address containing the legacy block reward, there is no way to prove it is actually Satoshi.

In other words, even the real Satoshi can't prove that he is actually the real Satoshi. This is exactly what gives Bitcoin its power. There is no main developer. Satoshi did the right thing to leave early on.

Lanatsa

hero member

Activity: 2968

Merit: 687

Quote from: pixie85 on June 10, 2018, 04:05:41 PM

Quote from: naeemyolo on June 10, 2018, 02:46:54 PM

What if Satoshi Nakamoto comes back and moves his all bitcoins onto a exchange and puts them up for sale?

Would that crash the whole market?

It would but remember that there are buyers willing to take Satoshi's coins. If Bitcoin went up without his coins, it would be able to do the same with his coins on the market. It would only take more time. Coins are disappearing because people are losing them so Satoshi's coins would in circulation would be a good thing in the long run.

There would be positive and negative effects with these scenarios which if Satoshi came out just to dump his coins lets say 1M btc then it would really impact the whole market but it doesnt mean that it would completely kill bitcoin on that manner. Price recovery most likely to happen but i do see or foresaw that if satoshi dump his coins already trust to bitcoin would really be decreased as an investor.

tabas

hero member

Activity: 3024

Merit: 745

Top Crypto Casino

Quote from: naeemyolo on June 10, 2018, 02:46:54 PM

What if Satoshi Nakamoto comes back and moves his all bitcoins onto a exchange and puts them up for sale?

Would that crash the whole market?

Scary as it is when you see the main developer selling his own creation, it will bring chaos to the market. But I doubt that satoshi would do that, no one even know if he's still alive. Undecided

Like what other news reports about the movement of big funds to an exchange, I haven't seen something happened until they were sold.

Shinpako09

legendary

Activity: 2058

Merit: 1015

Quote from: fabiorem on June 11, 2018, 02:12:08 PM

He is dead. He committed suicide.

As if you really know him. No one really knows who he/she is and let's respect the privacy he/she wants.

Anyway, saying Satoshi holds million of btc. That would really affect market and I'll just wait for the lowest price that I could expect. Sure I'll take that oppurtunity to buy and won't make myself regret for the second time.

goyal.dkg

member

Activity: 336

Merit: 14

Quote from: BitNaija on June 11, 2018, 03:45:16 PM

Satochi Nakamoto is said to hold an estimated 980,000 bitcoin. At today's price, that will be in the region of $5 trillion. That for sure is colossal. The market will rock if this volume is dumped into it. Besides, it will send dangerous signal which might compel other big investors to start dumping.

on what you are high brother !!
even total crypto market is not close to that figure , it is still less than $500 billion and bitcoin marketcap is less than $200 billion , and if we calculate price of 1m bitcoin of satoshi then it would be roughly $6-7 billion . it will surely affect the market bcoz when such dump happens whale tether everything to buy back in dips .

goyal.dkg

member

Activity: 336

Merit: 14

Quote from: naeemyolo on June 10, 2018, 02:46:54 PM

What if Satoshi Nakamoto comes back and moves his all bitcoins onto a exchange and puts them up for sale?

Would that crash the whole market?

Satoshi could have done that easily and earned a lot , not by just selling his own holding but also by leaving a bug to create unlimited supply .
also last year december was a great period for selling btc , so it is almost impossible .
however if any person sell 1m bitcoin in market then for sure prices will crash badly and if it is none other than the developer then it may crash more dramatically bcoz people will not like any dev to sell all of his holding .

fabiorem

sr. member

Activity: 1400

Merit: 347

Quote from: foxbat on June 11, 2018, 02:51:32 PM

Quote from: fabiorem on June 11, 2018, 02:12:08 PM

He is dead. He committed suicide.

It's crazy when you say that he committed suicide. I do not know who he is, but he can be someone, a group, an organization, and they are really talented. He brings a great technology to the world!

His name was Dave Kleiman.

Read his story. Its tragic.

BitNaija

member

Activity: 322

Merit: 10

Satochi Nakamoto is said to hold an estimated 980,000 bitcoin. At today's price, that will be in the region of $5 trillion. That for sure is colossal. The market will rock if this volume is dumped into it. Besides, it will send dangerous signal which might compel other big investors to start dumping.

BitcoinNewbie15

sr. member

Activity: 574

Merit: 296

Bitcoin isn't a bubble. It's the pin!

Quote from: naeemyolo on June 10, 2018, 02:46:54 PM

What if Satoshi Nakamoto comes back and moves his all bitcoins onto a exchange and puts them up for sale?

Would that crash the whole market?

Bitcoin is Satoshi's brainchild. His brainchild went from being literally worthless, to be being worth $130 Billion. He essentially bootstrapped a currency out of nothing. If he didn't come back and move his coins to sell them at $19,000, what makes you think he would sell them now? Him coming back and selling his coins would essentially be him coming back to kill his brainchild that he worked so very hard to create. Satoshi was a Libertarian and that would be in stark contrast to his beliefs.

Worrying about Satoshi coming back and selling his coins is pointless. Had Satoshi sold at $19k he would have been one of the richest people in America and he resisted selling/moving the coins. This shows that he cares more about Bitcoin than his own personal wealth. I think its safe to say that all those Bitcoin are permanently out of circulation, which is great!

foxbat

sr. member

Activity: 484

Merit: 250

Quote from: fabiorem on June 11, 2018, 02:12:08 PM

He is dead. He committed suicide.

It's crazy when you say that he committed suicide. I do not know who he is, but he can be someone, a group, an organization, and they are really talented. He brings a great technology to the world!

fabiorem

sr. member

Activity: 1400

Merit: 347

He is dead. He committed suicide.

NCGreturns

newbie

Activity: 6

Merit: 0

Why would this be scary? There is already futures and shorting - way more BTC available to suppress price than Satoshis stack...

Ronyx

member

Activity: 525

Merit: 10

Quote from: naeemyolo on June 10, 2018, 02:46:54 PM

What if Satoshi Nakamoto comes back and moves his all bitcoins onto a exchange and puts them up for sale?

Would that crash the whole market?

Very frightening to think about, but it will never happen because Satoshi will never kill his creation. Eliminate your frightening thoughts and replace them with pleasant, positive thoughts.

Kotone

hero member

Activity: 1372

Merit: 503

Quote from: naeemyolo on June 10, 2018, 02:46:54 PM

What if Satoshi Nakamoto comes back and moves his all bitcoins onto a exchange and puts them up for sale?

Would that crash the whole market?

I don’t think that is possible not only is it highly unlikely that the creator of Bitcoin be doing that but it is also impossible to crash the whole market as it has already put a stranglehold on the economics of the world. Grabted that it has only scratched but a surface of the financial sectors of the corners of this world but it is still a foot at the door and the only thing that it can be crashed is if that door is closed forcefully by the governments of this world

talkbitcoin

legendary

Activity: 1372

Merit: 1032

All I know is that I know nothing.

it is a scary thought only for those who don't know what bitcoin is and think of bitcoin as a way to make money quick and become rich which is why they are always concerned about the price and come up with these "scary thoughts" in first place.
it is not about price and it has never been about it. and someone like Satoshi is never going to do what OP says. even if a sale happens it will be a much smaller one from an address that nobody knows.

Topic: Scary thought (Read 320 times)