Doesn't have to be a bad thing, I’d rather have 1000 people buy a big dump from one big whale then the other way around. But the main question remains does Satoshi Nakamoto truly exists and if yes does he still hold such a big portion BTC? And if so….will he breakdown his own created market? Anyhow don’t be scared….there are worse things to be scared about.. like war, natural disasters, epidemics etc
With regards
Topic: Scary thought - page 2. (Read 320 times)
It's a scary thought which will never happen! Because Satoshi Nakamoto was the inventor of Bitcoin! And no one knows who is he! Besides this Without him, at this moment, many whales have lots of bitcoin, Who holds them for a long term. So, I don't think the market will crash if your scary thought becomes real 
Perhaps, Satoshi kept his BTC intact as a fail safe / kill switch
Should the financial elite dig their filthy paws into BTC like they are already attempting to do so or should their be any risk of a 51% attack by a few mining pools collaborating, or if a small group of people end up holding the majority of BTC then Satoshi will hit the "kill switch" and sell of his BTC to create a price plummet.
Just a theory
Should the financial elite dig their filthy paws into BTC like they are already attempting to do so or should their be any risk of a 51% attack by a few mining pools collaborating, or if a small group of people end up holding the majority of BTC then Satoshi will hit the "kill switch" and sell of his BTC to create a price plummet.
Just a theory
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?
Would that crash the whole market?
This is totally possible and this is not necessarily a bad thing. It will indeed crash the whole market. The price will keep going down as long as there are more and more buy orders. This will totally shuffle the economy of bitcoin since there will be people possessing even more bitcoins while there will be people buying at a really low price. Some people would have more bitcoins than other people when they have spent the same amount of fiat money. This is good in the way that the possession of bitcoins will be more scattered. It will not belong to a single person, Satoshi, and others will also be given a chance to buy at a lower price. It's like a second chance to buy bitcoin cheap. It will really shake the economy. Some will be panic selling and end up with loss while some will be making a lot of bitcoins from the dump.
It's going to crash but that doesn't mean the price of bitcoin will stay that low forever. Some might even start investing in bitcoin since the possibility that Satoshi dumping his bitcoins at once has already happened and will not happen again.
Yes, a frightening thought though but I think it wont happened because we do not know for sure who is Nakamoto Satoshi, is he real or just a fruit of an imagination. Anyway, coins are disappearing because people are losing them so Satoshi's coins would in circulation would be a good thing in the long run. It would have a very big effect on the markets but it would be temporary, the market would bounce back as there would be a rush to buy very cheap coins.
Yes, this is a frightening thought, if it happens market bitcoin will be completely destroyed, but I personally hope this will not happen. we do not know who actually created bitcoin.
It would have a very big effect on the markets but it would be temporary,
The markets would bounce back as there would be a rush to buy very cheap coins.
The markets would bounce back as there would be a rush to buy very cheap coins.
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?
Would that crash the whole market?
It is one of the big hanging knives over the market, and always has been. Now as much as I myself, and probably most others believe that it's not going to happen, it's not like we can say that for sure. And when it comes up in conversation and people learn that the creator has been sitting on an estimated fortune of 1 million BTC or so, it's hard to make an honest argument as to why that's not a pretty horrible situation to be in. You can tell them 'you have a good feeling' that they'll never get dumped, but a lot of people aren't going to share that optimism.
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?
Would that crash the whole market?
This is a scary thought. And it is crazy to believe that nakamoto satoshi is someone. It's just a name, and it's not real, it could even be someone. All is just conjecture, do not worry about it.
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. Would that crash the whole market?
It's highly unlikely to happen. Bitcoin was created as an ideological thing with ambition to replace fiat money. Dumping Satoshi's btc would be like father killing his own son.
Looking at the effect of dumping of coins in the market to how it drops prices, that is likely to happen too because nothing will be different whether satoshi or someone else but as usually, the market will recover and satoshi will perhaps be left "crying" if he didn't invest the proceed of the sale very well while the new whales will be smiling and continue the manipulation.
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?
Would that crash the whole market?
Jump to: