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Topic: Someone on Tiktok said that Bitcoin will go down zero if founder show up! (Read 1194 times)

sr. member
Activity: 333
Merit: 506
Bitcoin could drop in price if early investors / Satoshi / Patoshi started to spend their funds.

But it wouldn't go to zero. I'd buy all of it if it were to drop to a dollar! (Ok, maybe ten cents..) And then it would rise again for the same reasons it rose the first time, but even more distributed and more secure.

There are probably 1 million bitcoin that belong to Satoshi. 1 million is 5% of the total bitcoin supply. So, in theory, it shouldn't drop more heavily than that 5%  can affect the market. And that's if Satoshi were to spend it all at once. Satoshi couldn't. It would take time, besides, why would he want to? He might spend a little at a time on more of his dreams.

Quite likely, Satoshi also holds bitcoin from late 2010, which would be more than enough to not alert of his earlier wealth until he was ready for such a thing. And even then, as an idealist, you might imagine he would spend his wealth on other ways to help humanity - hopefully.
member
Activity: 532
Merit: 11
Dan Pena said in an interview which was being uploaded on tiktok that he knows who is behind or the founder of bitcoin. He then said that if people know who is behind bitcoin then bitcoin will going down to zero. He also state that a bitcoin user could not literally sleep well at night due to market instability and security. I posted the link below guys. What do you think?

https://vt.tiktok.com/ZSJBP8faQ/
hello sir, in my opinion there is no way bitcoin will become 0 $, because it will be difficult when bitcoin has come this far, if it will go down maybe it can go down by around 60% and it will not be zero
newbie
Activity: 15
Merit: 1
This makes me laugh. Bitcoin is affected by it. But it can not be changed to 0. BTC has been developing for 12 years. It is possible to think about how it can disappear directly after so many years of development.

I think people who think BTC will become zero know nothing about blockchain and cryptocurrency.
legendary
Activity: 2044
Merit: 1075
Leading Crypto Sports Betting & Casino Platform
Dan Pena said in an interview which was being uploaded on tiktok that he knows who is behind or the founder of bitcoin. He then said that if people know who is behind bitcoin then bitcoin will going down to zero. He also state that a bitcoin user could not literally sleep well at night due to market instability and security.
The truth is that none of these people even knows who Satoshi Nakamoto is, they just come out and start claiming they know who he is, and then they will give excuse that they wouldn't say who it is because of one thing or the other, lol. They are all giving the same excuses all the time, how about they reveal who he is and let's all see what's going to happen? Huh They will never do that, all they do is just making some really dumb statements.

Even if Satoshi Nakamoto should reveal his identity today and prove that he is the one, no matter who he is, the price is not going to fall to zero. Even though we know that he is the founder of bitcoin, that doesn't make the owner, he doesn't control it, Bitcoin is decentralized, so it's still going to continue growing. All these people don't know what they are saying. And moreover Bitcoin has gone really far.
full member
Activity: 868
Merit: 150
★Bitvest.io★ Play Plinko or Invest!
But this will not happen, so you can continue to calmly trade further.
Well, knowing about this I am pretty sure that people will be eternally worried about that from happening now that someone has voiced out the situation. Plus it won't go down to zero anymore because there are lost coins that has permanently increased the prices.
legendary
Activity: 2716
Merit: 1225
Once a man, twice a child!
I share in Dan Pena's sentiment that revealing who Satoshi is will rattle Bitcoin. However, I don't believe it will get to that point where it gets to zero. No matter what happens, I don't even see Bitcoin hitting that level. Bitcoin is the bedrock of the crypto industry. If anything drastic befalls Bitcoin the entire crypto industry will crumble. Again, come to think of it, there are several cryptos whose creators are known but they're still doing well. The creators of ETH and LTC are well known, yet their prices have remained valuable.
hero member
Activity: 2044
Merit: 784
Leading Crypto Sports Betting & Casino Platform
I don't know why knowing the creator would destroy the price I don't see any reason to it.
Depending who is the creator of bitcoin it could discourage investors to keep their money in bitcoin, because it's known Satoshi Nakamoto holds a considerable portion of coins, and if the person behind the nickname is found, there are some chances this person is connected to important corporations, businesses and institutions, what would centralize bitcoin around the elements the creator is involved with, in a kind of conflict of interest.
On the other hand, Satoshi Nakamoto might not be connected to any company or financial world's personalities, not impacting bitcoin negatively like said before, or he might be even dead at this point.
sr. member
Activity: 540
Merit: 252
I don't really believe those kind of words for me they are using the creator of Bitcoin to gain attention.
I don't know why knowing the creator would destroy the price I don't see any reason to it.
And people couldn't sleep well because they think too much there are some investors or crypto earners who could sleep peacefully it just depends on how they handle it.
hero member
Activity: 1834
Merit: 879
Rollbit.com ⚔️Crypto Futures
Bitcoin going to zero how is that possible?

What happens with the lost coins, don't those hold any value to prevent a zero draw down?

And honestly such statements are made to make people to panic sell when in truth btc still has a lot of potential.
legendary
Activity: 2996
Merit: 1054
Leading Crypto Sports Betting & Casino Platform
There are people saying bitcoin will go down to zero and others saying bitcoin will surpass $1 million. Well, in the technology world, information is likely to be easily made up after a few seconds and it is easier if you are an influencers or someone who is famous

To me, Bitcoin will go up. Returning to zero is impossible

That's their job to bring up something and the attention will be there for them, those known personalities who keeps bringing their
own opinions about this market,

They are possibly gained followers and whatever they've dictate those people who trust them simply followed without hesitations.

Better to deal with this with your own knowledge instead of following those people, your own analysis will give you the outcome that you wanted to happen with your investment.
sr. member
Activity: 451
Merit: 250
There are people saying bitcoin will go down to zero and others saying bitcoin will surpass $1 million. Well, in the technology world, information is likely to be easily made up after a few seconds and it is easier if you are an influencers or someone who is famous

To me, Bitcoin will go up. Returning to zero is impossible
newbie
Activity: 574
Merit: 0
don't believe bitcoun go to zero. I believe that when satoshi does a reveal, it will definitely affect the price of bitcoin and i  sure that it will be impossible for bitcoin to fall to zero.
sr. member
Activity: 1918
Merit: 370
Pretty sure just another attempt to make a controversial claim. It's always better to do your own research instead of relying on other people's opinions for your investment choices. More so people on Tiktok. Might as well believe everything that they put in Wikipedia under the cryptocurrency section if that's going to be the case.
member
Activity: 812
Merit: 10
Many individuals will do the same thing, and some deluded individual will proclaim such enormous things without any evidence or simply because he wants to build his subscriber base in order to gain popularity. It has already passed, but even if it were true, bitcoin will not vanish, and it will not cost anything. Mathematically, this is already implausible, because market supply and demand will not change. Bitcoin is a cryptocurrency.
legendary
Activity: 3318
Merit: 1247
Bitcoin Casino Est. 2013
I don't think Satoshi will ever show up.If he wanted to show up there have been 12 years to do so but apparently he likes to stay anonymous and we don't know if Satoshi is a person,an entity or even a government.The price can be affected but going to 0 is a bit going to far.
full member
Activity: 2520
Merit: 214
Eloncoin.org - Mars, here we come!
Dan Pena said in an interview which was being uploaded on tiktok that he knows who is behind or the founder of bitcoin. He then said that if people know who is behind bitcoin then bitcoin will going down to zero. He also state that a bitcoin user could not literally sleep well at night due to market instability and security. I posted the link below guys. What do you think?

https://vt.tiktok.com/ZSJBP8faQ/
Who's that Dan Pena? do you tend to believe in every tiktokers says? Please Be mature enough because you are investing here in crypto and since this is online market you will face more of this so better watch out.
I know that there are lot of going on but never think of Bitcoin coming back to zero because this will never happen in our lifetime .
Don't worry about it because when satoshi shows up, I don't think that everyone is going to believe that he/she is satoshi. To be honest, I don't think that satoshi is planning to show up any time soon because if satoshi wanted, I am sure that 10 years is a pretty dramatic revelation don't you think?
or maybe he had already shown ? and like what you said no one believes on it .
sr. member
Activity: 1554
Merit: 334
Dan Pena said in an interview which was being uploaded on tiktok that he knows who is behind or the founder of bitcoin. He then said that if people know who is behind bitcoin then bitcoin will going down to zero. He also state that a bitcoin user could not literally sleep well at night due to market instability and security. I posted the link below guys. What do you think?

https://vt.tiktok.com/ZSJBP8faQ/

Honestly, who would believe in that kind of statement by just a random guy especially on tiktok? Besides even if Satoshi decided to reveal himself I doubt everyone will believe that he is the real deal unless he shows up his bags of Bitcoin by that then it would create a panic. However, I don't think Bitcoin would go down to zero, it might drop at a very large scale though. Besides, I don't think he will let his creation get destroyed in exchange for his fame or whatsoever. What I've been thinking is that when he decided to sell his Bitcoin that would really make Bitcoin devastated which I don't think gonna happen.
member
Activity: 532
Merit: 10
█ J A X N E T W O R K █
He also state that a bitcoin user could not literally sleep well at night due to market instability and security.
I think this is true, poor appetite, restless sleep is just the downside from this aspect. because of bitcoin's volatility, it was essential. But if you have fully implemented the security mechanisms and have absolute confidence in bitcoin. It will certainly make the dream come true.
sr. member
Activity: 1624
Merit: 315
Leading Crypto Sports Betting & Casino Platform
Don't worry about it because when satoshi shows up, I don't think that everyone is going to believe that he/she is satoshi. To be honest, I don't think that satoshi is planning to show up any time soon because if satoshi wanted, I am sure that 10 years is a pretty dramatic revelation don't you think?
legendary
Activity: 2996
Merit: 1054
Leading Crypto Sports Betting & Casino Platform
isn't that the reverse statement if the bitcoin founder appears bitcoin price will increase. because bitcoin owners may create new spikes that can trigger significant market price volatility. so for bitcoin to go back to zero I think it is impossible and will not happen

That could be possible if satoshi want to lock those bitcoin forever or tell the community that he didn't have the access of that wallet anymore which will sure to create a high spikes in the price. Also, many institutional will sure to invest into bitcoin more than now which will boost up the market to be in the first of all assets around the world. TBH, zero is just on dream, even every one of those who couldn't buy bitcoin at $10k , are now regreting for that. So, be positive as satoshi might not start this because of own benefits.  Cheesy

Everything is possible inside this sphere, will going to depends from how investors/traders see the value of this investment. In terms of usages Satoshi vizualize this and he wanted crypto to be more useful along the way.

Not just and investment but also be part of transactions, this system already cater more people and institutional investors are now open-minded adopting this chain.

We will see more positive adoptions than the possibilities that it will breakout and doomed itself.
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