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Topic: What if satoshi dumped his 1 million bitcoins? (Read 307 times)
then the price will drop so low that the perfect moment to buy at the promotional price will appear.
Anyone else worried the bitcoin price could crash if Satoshi decides to cash out all his bitcoins one day.
It will depend on so many factors. For example if Bitcoin is flying around $50K and we see that many people might speculate that even helped a pump to that price, but currently that the market has been bleeding for a long time, if we see that it can be chaotic. The legend says that he (or she??) has lost his coins or the keys so the dumping could only be theoretical. But, anyway, if it happens I will buy them all.
Don't tell anyone that you have enough cash to buy Satoshi's coins even at a discount. That would make you a nice target for a home invasion. That Russian youtuber got attacked for much less.I think that Satoshi, if alive, is still in control of his coins but chooses to hide. If he touched them many people would try to trace him.
Satoshi is one of the biggest mysteries not even in crypto but maybe in the whole world so we could make many speculations about things that this guy could done, but the only answer we may be able to get will be in future, who knows what will happen.
Agreed. I would rather dump some coins that nobody can link back to me on some service that gives interest on Bitcoin deposits and live off the interest that I receive from that. < I currently receive interest at AsMoney & Freebitco.in on some of my bitcoins > Some of these sites gives like 4% interest on your deposits, so you can live comfortably off the interest of 100 or so bitcoins. 
Satoshi have enough IT skills to work anonymously in any way, so he might be getting money from freelance work.
Satoshi have enough IT skills to work anonymously in any way, so he might be getting money from freelance work.
I don't think freebitco.in can really generate that amount of profit from 100BTC I might be wrong though as it would allow them to increase their max jackpot amount.
Anyone else worried the bitcoin price could crash if Satoshi decides to cash out all his bitcoins one day.
the market will definitely dump and bitcoin might go to $100 per 1 
When it was announced that the Silkroad coins would be sold on auction a few years ago, the price dropped a little. This is a clear indication that the market reacts on news like this. So I presume that the mere movement of 1 coin from the Million coins that Satoshi mined, would send the market into a Selling frenzy and this will push down the price.
There are so many trigger happy speculators in the Bitcoin market these days, that a event like this will spark a massive dump of coins onto the market. I will be one of the people who would be waiting with open arms, to collect all these cheap coins.
If I had access to only one of Satoshi's private keys, I would sell 1 coin immediately to flush out all these speculators that are manipulating the Bitcoin market price.
There are so many trigger happy speculators in the Bitcoin market these days, that a event like this will spark a massive dump of coins onto the market. I will be one of the people who would be waiting with open arms, to collect all these cheap coins.
If I had access to only one of Satoshi's private keys, I would sell 1 coin immediately to flush out all these speculators that are manipulating the Bitcoin market price.
Maybe you could earn coins without selling any of the million. I.E. I won't sell any of the coins if I get a total of 1BTC to my address monthly
. And everyone is really too trigger happy, I'd be the same if actively trading which is why I don't look at the exchange rates. I doubt it'll fall below $1k per Bitcoin anyway at the moment.
Agreed. I would rather dump some coins that nobody can link back to me on some service that gives interest on Bitcoin deposits and live off the interest that I receive from that. < I currently receive interest at AsMoney & Freebitco.in on some of my bitcoins > Some of these sites gives like 4% interest on your deposits, so you can live comfortably off the interest of 100 or so bitcoins.
Satoshi have enough IT skills to work anonymously in any way, so he might be getting money from freelance work.
The legend says that he (or she??) has lost his coins or the keys so the dumping could only be theoretical. But, anyway, if it happens I will buy them all.
Really??? A computer scientist with enough intelligence to build a cryptocurrency from scratch doesn't know how to make backups, I find that unlikely!
I mean he might have destroyed them so no one steals them but not lost them accidentally.
He is the inventor of Bitcoins and Bitcoins growth is in his interest, so I don't think I will contibute to anything that will bring bitcoin down by dumping his shares in it to make it worthless.
But why not? If you'd made a project and you could make $1bn from it, would you also not sell and sit holding your private keys intead postulating anything you could actually do with them.
The legend says that he (or she??) has lost his coins or the keys so the dumping could only be theoretical. But, anyway, if it happens I will buy them all.
He is the inventor of Bitcoins and Bitcoins growth is in his interest, so I don't think I will contibute to anything that will bring bitcoin down by dumping his shares in it to make it worthless.
if Nakamoto were to put his coins up for sale, the entire market would be flooded, and the Bitcoin price would tank. bitcoin may be removed from the king position
It would, but let's face it. The real value of BTC is dictated by a fraction of the supply that is being traded. If holders decided to sell we'd also have a crash, and the other way round, if someone really rich (like forbes 100) put most of his money into BTC, he'd be able to completely empty one of the exchanges and create a temporary rally where people wouldn't know what's going on and buy just in case.
IMO Satoshi selling wouldn't destroy BTC, it would cause a huge crash but I'm pretty sure that in time it would recover.
Of course this will never happen. He'd have to use an exchange to crash prices and a person like him values privacy more than wealth. BTW, you don't know how many coins he had on the side. Even if he had 100 coins saved up on another address (coins that he mined himself) and sold them last year, he'd have enough to live comfortably and relatively safe.
We are not even sure if satoshi created bitcoin.There are stories that bitcoin is created in Slovenia.Also there is another stroy that bitcoin is created by some people from America and he had support from NASA.So if even he is creator I am sure that he will not sell own bitcoins for smaller price,he would better go to sell little today,little tomorrow,little next week until he sold all bitcoins because only by that way he can get more money.If that happents but that should not happent price will drop for sure because some traders will be in panic and they will sell for less money.Best option for 1 million bitcoin owner is to HODL all coins.
Yes there are a lot of stories about where is was created/released: US/UK (the thing about the financial crisis)/Australia (Craig wright - fake satoshi)...
I doubt he would go and crash his own party, would he?
Maybe he'd hope it would be stable enough to be able to use them. there's also a question as to whether he'd be able to use them and get the transactions confirmed, the network might run against any mining he does and blacklist any nodes that broadcast transactions from his address. They don't want the value of the coin to plummit do they?
I doubt he would go and crash his own party, would he?
We are not even sure if satoshi created bitcoin.There are stories that bitcoin is created in Slovenia.Also there is another stroy that bitcoin is created by some people from America and he had support from NASA.So if even he is creator I am sure that he will not sell own bitcoins for smaller price,he would better go to sell little today,little tomorrow,little next week until he sold all bitcoins because only by that way he can get more money.If that happents but that should not happent price will drop for sure because some traders will be in panic and they will sell for less money.Best option for 1 million bitcoin owner is to HODL all coins.
Hard to imagine he'd come to crash his own project to begin with! and since he's maybe not alive nor is it a he nor it is a singular individual..
but, I can't see any other way other than such a large amount leading to everyone dumping the moment his wallets show signs of life.
if that happened, it seems difficult to imagine people actually coming back, "final nail in the coffin" to bring in more insecurity into the market?
maybe he got some smaller older wallets that he could use. why would he just make a few wallets and disappear if he intended to come dump it all, unless he wanted to kill it?
but, I can't see any other way other than such a large amount leading to everyone dumping the moment his wallets show signs of life.
if that happened, it seems difficult to imagine people actually coming back, "final nail in the coffin" to bring in more insecurity into the market?
maybe he got some smaller older wallets that he could use. why would he just make a few wallets and disappear if he intended to come dump it all, unless he wanted to kill it?
When it was announced that the Silkroad coins would be sold on auction a few years ago, the price dropped a little. This is a clear indication that the market reacts on news like this. So I presume that the mere movement of 1 coin from the Million coins that Satoshi mined, would send the market into a Selling frenzy and this will push down the price.
There are so many trigger happy speculators in the Bitcoin market these days, that a event like this will spark a massive dump of coins onto the market. I will be one of the people who would be waiting with open arms, to collect all these cheap coins.
If I had access to only one of Satoshi's private keys, I would sell 1 coin immediately to flush out all these speculators that are manipulating the Bitcoin market price.
There are so many trigger happy speculators in the Bitcoin market these days, that a event like this will spark a massive dump of coins onto the market. I will be one of the people who would be waiting with open arms, to collect all these cheap coins.
If I had access to only one of Satoshi's private keys, I would sell 1 coin immediately to flush out all these speculators that are manipulating the Bitcoin market price.
Maybe you could earn coins without selling any of the million. I.E. I won't sell any of the coins if I get a total of 1BTC to my address monthly
. And everyone is really too trigger happy, I'd be the same if actively trading which is why I don't look at the exchange rates. I doubt it'll fall below $1k per Bitcoin anyway at the moment.
if Nakamoto were to put his coins up for sale, the entire market would be flooded, and the Bitcoin price would tank. bitcoin may be removed from the king position
I doubt that any Bitcoins associated with him will ever be sold. To him is was never about the value of a single Bitcoin, or getting rich. Just my opinion.
When it was announced that the Silkroad coins would be sold on auction a few years ago, the price dropped a little. This is a clear indication that the market reacts on news like this. So I presume that the mere movement of 1 coin from the Million coins that Satoshi mined, would send the market into a Selling frenzy and this will push down the price.
There are so many trigger happy speculators in the Bitcoin market these days, that a event like this will spark a massive dump of coins onto the market. I will be one of the people who would be waiting with open arms, to collect all these cheap coins.
If I had access to only one of Satoshi's private keys, I would sell 1 coin immediately to flush out all these speculators that are manipulating the Bitcoin market price.
There are so many trigger happy speculators in the Bitcoin market these days, that a event like this will spark a massive dump of coins onto the market. I will be one of the people who would be waiting with open arms, to collect all these cheap coins.
If I had access to only one of Satoshi's private keys, I would sell 1 coin immediately to flush out all these speculators that are manipulating the Bitcoin market price.
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