What will happen if Satoshi moves or sells his Bitcoin? - page 2.

iTradeChips

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Quote from: Fesatmas on April 16, 2021, 01:21:49 PM

obviously this will cause unstoppable unrest. after all, our belief over the years in the existence of bitcoin is one blood. So if Satoshi did it for the sake of ending the journey of nearly 13 years, it would be a waste, maybe he would kill us in the market and lose all our assets. but instead he will be hunted down by all parties and that involves millions of people.

I really did not expect it, and you certainly do not really agree with it.

Erm, so he sold his coins and the bloke will not be a wanted man for doing this? Hmm, that doesn't sound right if you are going to ask me. For one, how will he be able to sell millions of Bitcoins overnight and get billions of dollars in one full sweep? His wallet share is very big and he will be having a hard time finding buyers that can give him the money that he wants. Unless he just withdraws at least a billion dollars or two out of it. Trust me Bitcoin would still be around in case he sells some of his.

pixie85

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Quote from: Rehan Zakir on April 29, 2021, 01:37:44 PM

What are you talking? Satoshi nakamoto. I think if satoshi nakamoto sells its bitcoin then market just takes a correction. Because the bitcoin market now hits 2 trillion $ cap. So, it is not so easy for a single person to collapse the whole market. So, don't worry brother if satoshi nakamoto is selling bitcoin we are always ready for it.

That's right. Satoshi's coins are such a small fraction of the whole that it wouldn't do much.

Of course nothing like that will ever happen because he would have to be stupid to sell on the market that requires KYC. Suddenly the IRS would have a new nr1 target to pursue Wink

Also he'd only lose by doing so. He'd get less fiat money for his coins because the market would crash severely. It would be a much better idea to simply sell the wallet private key to someone and let that person figure out how to liquidate these coins in their time.

Imran232

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Though it couldn't be happen. Okay then lets think if he sold all bitcoin then all users might not be panic because different people has different reaction. Maybe some people thoughy the creators take exist then it might be going to close very soo. Then they might be exist also. But on the other site some sill take that chance to grab this btc. Because satoshi hold that btc thats why market can't buy sell those. So if some people can grab those then they are the king of bitcoin. And now why it won't be. Take an example elon becomes world richest person because his company runs very well now what do you think will elon quit from this company. No never because he has recognise and emotion too. And the same thing with satoshi. Bitcoin is his creation why he will leave it? Not possible. Its my opinion others could be different.

willoweb

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Obviously, there will be a historical drop in the price of bitcoin, at the same time it will reformat the market - after all, sooner or later, these freed up bitcoins will be bought by someone. Of course, most likely it will not be one person, but it is likely that such an investment can be made by some multibillionaires - so as not to miss the chance to influence the market and its trend. Although I still think that this is unlikely and most likely we will not see it.

Rehan Zakir

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What are you talking? Satoshi nakamoto. I think if satoshi nakamoto sells its bitcoin then market just takes a correction. Because the bitcoin market now hits 2 trillion $ cap. So, it is not so easy for a single person to collapse the whole market. So, don't worry brother if satoshi nakamoto is selling bitcoin we are always ready for it.

Abiky

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Quote from: kryptqnick on April 22, 2021, 08:12:31 AM

In this situation, Satoshi could bring down the price if they want to, but I don't think that it would be completely devastating and irreparable. It could be an event leading to years of stagnation, but I believe Bitcoin would recover anyway. I also believe that if Satoshi decided to dump everything, they would do it via OTC deals because of the huge sums involved because dumping such sums on exchanges would be way harder and take more time and effort. In that case, the price wouldn't even change much because such deals aren't done on exchanges and thus the general demand and supply for BTC on exchanges remains the same. The only thing that would follow is some FUD, but that probably wouldn't have lasting effects on the price at all.

No matter what Satoshi does with his/her/their Bitcoin, the community is big enough to make it rise again to its former glory. There are many whales, institutional investors, and average traders on the market constantly buying/selling Bitcoin. If there's a huge dump, prices will quickly rebound until the original threshold is reached. I doubt Satoshi would move his/her/their Bitcoin holdings since it would expose his/her/their identity to the public. Authorities will quickly trace the transaction with the hopes of discovering who Satoshi really is.

That's why for the sake of Bitcoin and the entire crypto/Blockchain space, it's best for Satoshi to remain "dormant" for the foreseeable future. What will happen with Satoshi's stash of Bitcoin in the long run is a mystery. As long as there's a community backing Bitcoin, there should be nothing to worry about. Just my thoughts Grin

Mpamaegbu

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OP, at some point I believe that which we fear will happen. We don't expect Satoshi's 1million Bitcoin hodling to perpetually lie idle in a wallet if he were still alive. I believe there's a price limit he is targeting to sell off. Hopefully, he sells only bits when that time comes, and let that time not be now that Bitcoin is enjoying a jolly ride because that would do a lot of damage to the entire crypto market.

Quote from: bitmover on April 16, 2021, 01:29:31 PM

Many people would start tracking him....

Of course, he would use a mixer if he were to do so.

Quote from: bitmover on April 16, 2021, 01:29:31 PM

I believe that if Satoshi revealed himself the outcome would be terrible.

It would be more terrible for his safety than it would be for the price of Bitcoin.

noorman0

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Quote from: cabron on April 29, 2021, 06:22:21 AM

Fiat probably. The reason will surely outweigh why he will sell all his coin and perhaps request vaccines for a country he loves. It must be a terrible dump of the price of BTC and not only that Satoshi will be known. But I think after the dump there will be no reason now for the fud whether satoshi can dump again or not.

There are tons of altcoins to chose from these days. If you for some reason don't like BTC anymore for you think its not good as an investment anymore then you are free to choose which one.

I asked the impossibility of being done by Satoshi, maybe it would make sense if he did it for benevolent purposes. Just hope, he doesn't swap them all at once.

But exchanging into fiat just to secure his wealth is not possible. I understand that he created bitcoin as an alternative means of payment, so there is no way he will break that goal before the mass adoption of bitcoin occurs worldwide.

isaac_clarke22

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It is being discussed if he is alive or not. Once that happened, we would already have our answer. About what if he moves or sold his own creation, well we're gonna experience a lot of price rollercoaster for sure. Media will explode and put up that into the news for sure.
I doubt it will happen though. Who knows where Satoshi is now?

Qlimaxaz

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Of course it will be terrible.. we don't know what we will happen.
Actually we don't know anything certain in the cryptoworld.. our money are virtual, a lot of things can happen with them.

The thing is, if you don't risk, you don't win Wink

cabron

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Quote from: noorman0 on April 29, 2021, 06:14:05 AM

What I'm curious about is what currency will he choose to dump his/her/they bitcoins? fiat or altcoin?
Why would he sell bitcoins for something else? Does he want to change his current freedom for something controlled?

Fiat probably. The reason will surely outweigh why he will sell all his coin and perhaps request vaccines for a country he loves. It must be a terrible dump of the price of BTC and not only that Satoshi will be known. But I think after the dump there will be no reason now for the fud whether satoshi can dump again or not.

There are tons of altcoins to chose from these days. If you for some reason don't like BTC anymore for you think its not good as an investment anymore then you are free to choose which one.

noorman0

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What I'm curious about is what currency will he choose to dump his/her/they bitcoins? fiat or altcoin?
Why would he sell bitcoins for something else? Does he want to change his current freedom for something controlled?

Zanab247

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What you ever wondered what will happen with Bitcoin once Satoshi moves his/her/their coins to another address on the Blockchain?

There will be a great challenges with bitcoin market, if Satoshi moves all his/her/their coins to another address on the blockchain. And many bitcoin users will now know the real reality about his or her living and the particular place he/ she is right now, which it can cause so many things against his or her life. Satoshi cannot move his/ her coins from bitcoin because he or she knew that something bad will definitely happen to the market and user's.

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Quote from: Abiky on April 16, 2021, 01:03:47 PM

What you ever wondered what will happen with Bitcoin once Satoshi moves his/her/their coins to another address on the Blockchain? While most people are focused on other aspects of Bitcoin, they haven't realized that one day Satoshi could decide to dump all of his/her/their coins for profit. Or he/she/they could decide to manipulate the market with the huge stash of coins. This will certainly bring the attention of many crypto enthusiasts as recent network activity could indicate that Satoshi is still alive.

What are you thoughts? Huh

I think there will be another effect like whjat this Covid19 pandemic brings last year if Satoshi's Fund transferred or even converted into Fiat.

this is a Must awaited moment so perfect chance for manipulator to shaken the market and try to Bearish the system for their own profit.

Let us be ready and try to Remain still when time comes.

mbe48

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This is just my opinion, even though Satoshi moved his coins or sold them or even lost them, now the one who has full access to Bitcoin is the person who owns the coins. Because Bitcoin was created but nobody controls it. If my statement is missing, please correct it.

Slow death

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Quote from: BITCOIN4X on April 17, 2021, 11:56:26 AM

Quote from: Slow death on April 17, 2021, 03:48:13 AM

in both scenario satoshi would not have the power to make bitcoin fall more than 50% of the current price

Maybe we will consider it weak with the 1 million bitcoin it has?
The number of bitcoin Satoshi owns is probably greater than the amount the whale owns so it is very possible that if they were all sold, the price would dump dramatically. Previously, we have seen the price of bitcoin can fall by more than 15% in 24 hours without Satoshi's involvement in the market, how is it that we will not see a decrease of more than 50% if that Satoshi is involved?

satoshi would not sell on the exchange all bitcoins at once, he would sell in parts and many people would be buying each dip precisely because they would be relieved to know that satoshi could never again destroy the market with his bitcoin, those satoshi bitcoins are a bomb in brain of many people and if he sold it would be a great relief to the market. and I doubt that he would sell everything in one go.

ashmodeus

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of course he/she still alive , i do not think he/she just death after bitcoin gain popularity , for me, he/she seems have a ambition, ambition to change world financial system works , so then he/she give BTC to the world as a symbol of freedom, and i don't think he/she is a people who loves money, just my opinion.

imstillthebest

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Quote from: andthereyou on April 23, 2021, 02:47:14 AM

It is more likely that people will also dump if Satoshi suddenly dump all his bitcoin. But if ever Satoshi will annouce that he/she is back and will not sell his bitcoins. Then I think it will become a factor of a sudden increase price of bitcoin.

why will they follow what satoshi are doing .
they will loose if they sell because the price were dump by the time satoshi sells .
no need to panic and sell if satoshi didnt declare that he sell because he wants to destroy and leave btc but he will buy back and everyone will buy back too because the price is attractive . with the long time satoshi go offline we almost forget this posibility but we are aware that price can dump because whales and institutions can sell .

TribalBob

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one thing that is very bad and will probably be the beginning of bitcoin fading and will become the past / memories
I believe Nakamoto would never do that, because Nakamoto created bitcoin for humanity and decentralization. with the aim of changing the world and the economy of the lower people for the better

Kong Hey Pakboy

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Quote from: Bilgent on April 22, 2021, 04:21:50 PM

Satoshi could be the richest person or group in the world then. But I don't think such thing will happen. And Satoshi will continue HODLing. We don't even know Satoshi is still alive though.

Exactly, not to mention that satoshi might not be only one person and that 1 million bitcoins were divided equally to the group that is satoshi. Maybe satoshi isn't going to really sell it but waits for the time when bitcoin is already at the peak and that bitcoin is already a widely used currency instead of just an asset. If in the rare case that satoshi did sold those bitcoins then probably the prices is going to go down in catastrophic levels.

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