What if, Satoshi already sold all his Bitcoins off the market?

CryptoBry

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Quote from: bitbunnny on August 14, 2017, 02:34:20 PM

Of course this is possible but somehow I think ne hasn't done that. Since nobody knows who he or she really is nobody can't know how many coins are in his/hers possesion and this will probably stay mistery forever. But I don't believe that Satoshy has sold all coins, if not for something else then because of sentimental attachement to them.

I just talked to him down the alley and he told me that he is not yet planning to sell any of his Bitcoin since he is actually a rich guy and he can afford a convenient lifestyle even without touching his cache of Bitcoin hidden somewhere under his big and antique table. But once the value of Bitcoin will already be a million then he might be releasing some of his Bitcoin partly to bring the value back to 500K again and so that he can also have a taste of what he invented years ago. He is sending a big regards to all members of this forum...anyway he is still reading the forum from time to time.

CryptoBry

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Quote from: bitbunnny on August 14, 2017, 02:34:20 PM

Of course this is possible but somehow I think ne hasn't done that. Since nobody knows who he or she really is nobody can't know how many coins are in his/hers possesion and this will probably stay mistery forever. But I don't believe that Satoshy has sold all coins, if not for something else then because of sentimental attachement to them.

I just talked to him down the alley and he told me that he is not yet planning to sell any of his Bitcoin since he is actually a rich guy and he can afford a convenient lifestyle even without touching his cache of Bitcoin hidden somewhere under his big and antique table. But once the value of Bitcoin will already be a million then he might be releasing some of his Bitcoin partly to bring the value back to 500K again and so that he can also have a taste of what he invented years ago. He is sending a big regards to all members of this forum...anyway he is still reading the forum from time to time.

cluit

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That seems to be impossible, Mr. Satoshi created bitcoin to make profit off it someday and then all of a sudden he decides to sell the money, it sounds ridiculous though, because he won’t get to benefit anything from all his years of hardwork.

cherryganda

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thanks for the thread this is very awesome and people do think of the thread ..
many wrote theeir replies and i read them very satisfying and has information but i hope satoshi is still alive ..
i hope he will not do such a shame ...
but i did think what if that happen ? what will happen to our investments ...

DoublerHunter

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If Satoshi already sold his bitcoins off the market then there is nothing to worry about because the buy orders from the market are enough to cover all the dumps that he made from unloading his bitcoins and we are not sure that he is still really holding bitcoin because the price of bitcoin is already on the top and there is a chance that he already sold his coins when the price is around 1,000 to 2,000 USD.

WaterPower

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Nothing. Satoshi just missed out on some huge potential, but what's done is done. No use crying over spilt milk

baam25

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I'm sure that other than the genesis blocks, satoshi has a bunch of bitcoin in other wallets. The genesis blocks and even those near the start are probably all being watched, but what about those that came later?

I find it hard to believe a genius person or group like satoshi wouldn't have made some alternate plans

Mpamaegbu

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Once a man, twice a child!

Quote from: no0dlepunk on August 18, 2017, 10:10:27 AM

If Satoshi did, then that is something that we should never be worried about, because what is the point of bitcoin-decentralization if it's fate would only depend on Satoshi. That guy (Satoshi) has a vision of Bitcoins becoming the future global payment method, which is why I don't believe that he would sell ALL his Bitcoins too early.

Anyway, what are you pointing out on this topic, mate? I am curious about what you have there in mind. Huh

I quite agree with you. The point you raised in the first paragraph is very valid. Whether Satoshi sold all his holdings it not, whether he's still alive or not are all immaterial now. The Bitcoin technology has risen to the point that other cryptos have been born out of it and of the fact that splits will occur from time to time even from Bitcoin itself.

Truth be told, Bitcoin is bigger than Satoshi now...

Arkann

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If Satoshi sold all his bitcoins for crypto currency and in particular bitcoin it does not change anything. Well, as for the possibility of making deals on the sale of bitcoins on condition that the transaction itself is carried out in the future, I think it is impossible.

no0dlepunk

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If Satoshi did, then that is something that we should never be worried about, because what is the point of bitcoin-decentralization if it's fate would only depend on Satoshi. That guy (Satoshi) has a vision of Bitcoins becoming the future global payment method, which is why I don't believe that he would sell ALL his Bitcoins too early.

Anyway, what are you pointing out on this topic, mate? I am curious about what you have there in mind. Huh

yoseph

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Quote from: Remainder on August 15, 2017, 02:10:57 AM

I think that Mr. Satoshi Nakamoto has big amount of bitcoin that he hold for now or he can add more bitcoin token because he can do that every time he want because he is the maker of it. That's not possible that his bitcoin was already sold or not it is depend then on the situation in the future.

If he does have a huge chunk of the crypto currency, i think the smart move will be offloading it in bits at time, there is no reason for him to keep holding to it any longer, with the current value of bitcoins selling them right now will make him very filthy rich and that's exactly what i will do if i was in his shoes.

Coffee135

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In this life everything is possible, but it is more likely that one Satoshi doesn't exist. It's probably a group of programmers who work on some of the special services. Perhaps the purpose of creating bitcoin was to undermine the monopoly of the dollar on the world market. To have in their hands the keys of the world economy is the wealth that cannot be sold. It is priceless.

fr4nkthetank

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Now the money is free, and so the people will be

lul satoshi king of an island full of natives hahahaha. I imagine him more the type that is super rich but lives frugally. You always hear about that grandma that died and gave her millions to charity, yet she was living in the same old decrepit house.

Chicago

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Wild theory... maybe he is waiting for the emission cycle to near its end so that if necessary, he can help bridge the transition from subsidy + fees in the miner reward; to throwing in some generous fees when things look like they're going to get rough.

Holding coins from the beginning, for the end, does have a symmetrical nature to it which can sustain the network if miners aren't compensated well in 3 or 4 halvenings from now.

In the above scenario, think of them as economic maintenance / incentive tools to help remove friction when appropriate.

... or maybe he can't access a Bitcoin exchange from his island; and after the natives made him king God - they refused to let him away from the throne where they worship him.

Betwrong

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I stand with Ukraine.

Quote from: bitbunnny on August 14, 2017, 02:34:20 PM

Of course this is possible but somehow I think ne hasn't done that. Since nobody knows who he or she really is nobody can't know how many coins are in his/hers possesion and this will probably stay mistery forever. But I don't believe that Satoshy has sold all coins, if not for something else then because of sentimental attachement to them.

I agree with this. I don't think he's poor but not selling coins because of sentimental attachment to them, no. Of course he/she has got millions of USD from selling Bitcoins, but as any wise person would do, he/she hasn't sold them all because no one needs so much money if one wants to live happy life. Big money bring big problems, every educated person knows that, and Satoshi, without any doubts, is an educated person.

pantek talacuik

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I think people like that satohsi will never sell its bitcoin, I think if bitcoin can be developed for what it sells even though the selling price is very attractive, it is better developed although profit is not as big as sold but profit can always be obtained

severaldetails

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It's an interesting theory, but I do not think that it's true.
If Satoshi had sold his coins with a time-lock function, I think he would have sold it at the price bitcoin had at that time.
And that would mean he had no trust in his own creation. That does not sound like Satoshi.

I have not much knowing about coding, but would not such a function be somehow visible in the blockchain?

LaFerrari

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He definitely didn't sell out just for money, he probably sold a few for sure though.

Bitforking

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(1) £1.4 billion trading volume
(2) @£3336/BTC
(3) 16.5 million coin available

1,400,000,000/3336/2/16,500,000=1.27% of coins traded each day

where are the rest?

bustomi

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Quote from: Andre_Goldman on August 09, 2017, 05:09:23 AM

Quote from: adaseb on August 09, 2017, 03:45:02 AM

Anyone got any other conspiriacy theories?

Hard to know ... Classified documents take about 50 years to be declassified ... Grin

what document? I think no one knows about who is satoshi nakamoto, if there any possibilities he would do that, then he will be exist as the richest man in the world

Topic: What if, Satoshi already sold all his Bitcoins off the market? (Read 1661 times)