i blame altcoins for this mentality that they have created among the newbies. a couple of years ago you never saw this question be asked this many times. but nowadays you see this being asked every other day.
it is because they look at altcoin devs and see that their only goal for creating that altcoin was to make money, they premine a huge amount of that coin and then when there is a rise they dump the coins (like Vitalik dumping 1 million ETH when it was $1500) so they think Bitcoin was created for the same reason!!! but they forget that bitcoin is the only "currency" and Satoshi created it to perform as a currency not something he sells to make money like the altcoin devs do.
Topic: What if satoshi dumped his 1 million bitcoins? - page 2. (Read 307 times)
Anyone else worried the bitcoin price could crash if Satoshi decides to cash out all his bitcoins one day.
I will be happy, opportunity for buying in dip.It would depend on how many people he sold his bitcoins to as to whether the price would crash and if he did it incremently. If he sold it to one person with all the money to pay for them at the regular value then it might not fall at all, especially if that person wants to hodl it for a while (if the coins were sent to me for example I wouldn't spend them for at least a decade so in that time the price would recover).
As another point, in the past 9 years, he may have lost his private keys in order to try to hide a bit better and remain more anonymous (if he never wants to be found at all).
As another point, in the past 9 years, he may have lost his private keys in order to try to hide a bit better and remain more anonymous (if he never wants to be found at all).
Might be he donated all of it and now holding nothing.
If such an incident occurs, it will be a disaster for BCT and the entire encrypted coin market, at least I think so.
Think otherwise, 1 million bitcoin can bring 100 million people in bitcoin holding .01 BTC in average. Price will rise after mass adoption.
Let's not discuss whether this person exists.
If such an incident occurs, it will be a disaster for BCT and the entire encrypted coin market, at least I think so.
I hope that such a thing will never happen.
If such an incident occurs, it will be a disaster for BCT and the entire encrypted coin market, at least I think so.
I hope that such a thing will never happen.
If he sold it to one person with all the money to pay for them at the regular value then it might not fall at all
yeah, markets would not be crashed by the giga order.
however, will people continue to believe in BTC ? today, satoshi still hasn't touched his bitcoin. if they move, not necessarily on an exchange, I think people would dump bitcoin.
he still can sell the private keys without needing to sign a transaction but man, keys to 1M BTC ...
I'm not sure I'd trust buying a private key, even things like casascious coins look somewhat an unusual buy just in case Mike Caldwell kept all of those private keys.
And money you can't touch isn't great, if you move 1btc at a time it might be less noticeable unless the keys became a collector's item themselves (maybe they already have). But that's still quite dangerous.
Anyone else worried the bitcoin price could crash if Satoshi decides to cash out all his bitcoins one day.
Satoshi is probably dead by now. I don't see him dumping any coins any time soon. If he was going to dump then it would have happened at 20k
If he sold it to one person with all the money to pay for them at the regular value then it might not fall at all
yeah, markets would not be crashed by the giga order.
however, will people continue to believe in BTC ? today, satoshi still hasn't touched his bitcoin. if they move, not necessarily on an exchange, I think people would dump bitcoin.
he still can sell the private keys without needing to sign a transaction but man, keys to 1M BTC ...
Satoshi have a long vision and so much belief in BTC.
This is the future guys , Blockchain technology have come to stay.
Why should he sell for a penny when BTC will still go 7 figures.
If at all he wants to sell , he won't sell at once.
The coins is on different wallet as seen on different blocks from Block 1.
This is the future guys , Blockchain technology have come to stay.
Why should he sell for a penny when BTC will still go 7 figures.
If at all he wants to sell , he won't sell at once.
The coins is on different wallet as seen on different blocks from Block 1.
Anyone else worried the bitcoin price could crash if Satoshi decides to cash out all his bitcoins one day.
Satoshi is probably dead by now. I don't see him dumping any coins any time soon. If he was going to dump then it would have happened at 20k
most people think Satoshi is dead. I believe he would of already sold his coins if he was only in this for the money.
It would depend on how many people he sold his bitcoins to as to whether the price would crash and if he did it incremently. If he sold it to one person with all the money to pay for them at the regular value then it might not fall at all, especially if that person wants to hodl it for a while (if the coins were sent to me for example I wouldn't spend them for at least a decade so in that time the price would recover).
As another point, in the past 9 years, he may have lost his private keys in order to try to hide a bit better and remain more anonymous (if he never wants to be found at all).
As another point, in the past 9 years, he may have lost his private keys in order to try to hide a bit better and remain more anonymous (if he never wants to be found at all).
Anyone else worried the bitcoin price could crash if Satoshi decides to cash out all his bitcoins one day.
Jump to: