What will happen if Satoshi moves or sells his Bitcoin? - page 4.

famososMuertos

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

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I do not think this will happen, these coins are the intangible value of Bitcoin, although they obviously exist but certain investments are not only reflected in a physical value, it is like having insurance and never using it, the feeling of security is not quantitative.

In any case the possibility exists, so if any movement happens it is an "insurance" to the good action in favor of bitcoin and its users and not with intent to manipulate or for profit.

Someone who was able to create bitcoin can surely have income through other ways, even from the same bitcoin (other unknown or suspicious addresses).

acener

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There would be mix reaction some would be thrilled because they know that Satoshi has come back into crypto,
Others would be afraid that it might cause a price drop if Satoshi decides to sell it all.
And also be excited to hear from Satoshi if it would happen I would like to hear what would Satoshi plan to do after the transaction.

Slow death

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

What are you thoughts? Huh

it depends on whether satoshi would just limit himself to selling all bitcoins or if he would also give some statement speaking ill of bitcoin.

In the case of satoshi just selling bitcoin then the price would drop considerably due to the panic but it would not drop by more than 25% and the price would recover later

But if satoshi sold and also spoke badly about bitcoin then we would have a very big drop, but also the price would recover

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

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Quote from: javainn on April 17, 2021, 01:10:47 AM

surely there will be a very large shock in the public market. maybe I think it could cause a global panic for biitcoin owners. But Satoshi Nakamoto wouldn't do something stupid like that, there must be a bigger plan than worrying a lot of people just looking for a profit.

Definitely, the prices are going to plummet but the problem is what would satoshi get when he dumped all the bitcoins together because you can't just sell that if I am right, the prices is definitely going to plummet if the 1 million dump is going to happen.

TastyChillySauce00

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There could be a dumping but not gonna last forever, there are always some people who gonna buy it at the bottom and I might be setting buy order at the bottom as well. most of people are being too paranoid anyway thinking that if satoshi really dumps his coin it's the doomsday of bitcoin or cryptocurrency in general but if satoshi was really intended to do such thing, he might as well have done it years ago.

Quote from: AlexOf4801 on April 16, 2021, 10:47:11 PM

I'm surprised it's this late in the thread and no one has mentioned the other question, which is what will happen (and what will people think) if Satoshi decides to BURN his coins?

Well that's gonna cause huge bullrun since the amount of bitcoin owned by satoshi are so many but that's also means some percent of btc total supply gone I mean, bitcoin total supply isn't that much.

amishmanish

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To paraphrase the great axe-wielding swarf Gimli..

Satoshi Alive! Coins dumped! Great Chance of buying Low...

What are we waiting for??

On a serious note, if Satoshi were to ever come back and take a look at the communities, riches and industries that his contribution spawned; he'd probably be quite interested in having a more than significant role in the future. He wouldn't be selling any of those coins than necessary. He'd probably enjoy being a benevolent dictator. I would even like to fancy that he'd "airdrop" some to all the forum contributors. Cool

He was a thoughtful, smart, idealistic person. He'd probably have the "With great power comes great responsibility" epiphany and the world will change for the better, One Sat at a time.

fauzan123

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Quote from: javainn on April 17, 2021, 01:10:47 AM

surely there will be a very large shock in the public market. maybe I think it could cause a global panic for biitcoin owners. But Satoshi Nakamoto wouldn't do something stupid like that, there must be a bigger plan than worrying a lot of people just looking for a profit.

Nothing. He will be either to dumb (which he is not) to sell all his coins at once since price will dump maybe under 10.000 coins so by the time he would get to 100.000 coins price will cripple since there will be no enough liquidity on the exchange. No one sells bunch of coins at once. So We assume he is smart guy (which he is) and if he wants to sell he will go in waves of small quantities in longer period of time on different exchanges. Which will not be felt by the market at all since market is liquid on this level.

danherbias07

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Vitalik Buterin can sell 500k of Ethereum and Satoshi can't. That will the damnest sad story of the world if ever it will happen.
First thing is Feds will try to dig every bunker or any hole looking for him. Grin

That's what I am mostly worried about.
Why can't it be just like a normal whale selling his Bitcoin?

IMO, value won't drop that high. High possibility it will be the other way around.
With news going viral Bitcoin will be in its highest demand even with the expensive price.

javainn

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surely there will be a very large shock in the public market. maybe I think it could cause a global panic for biitcoin owners. But Satoshi Nakamoto wouldn't do something stupid like that, there must be a bigger plan than worrying a lot of people just looking for a profit.

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Quote from: Pandji02 on April 16, 2021, 10:39:58 PM

It'll set panic in a lot of people i guess.

Depends on how big he sells the Bitcoin. If it is a small number, it won't make people panic. But if it is a big number of Bitcoin, indeed people feel worried it probably to dump the Bitcoin price significantly. I think it is the same matter if a whale moves their Bitcoin from his private wallet to an exchange wallet, it only can bring impacts if it is a big number.

Quote from: Pandji02 on April 16, 2021, 10:39:58 PM

It's not gonna kill BTC but a lot of people will sell it too.

Only panicking people will sell, a professional or experienced holder won't be affected by that issue.
Moreover, for a long term holder, they won't care with a such issue. The impacts only happen temporarily.

AlexOf4801

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I'm surprised it's this late in the thread and no one has mentioned the other question, which is what will happen (and what will people think) if Satoshi decides to BURN his coins?

Pandji02

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It'll set panic in a lot of people i guess. It's not gonna kill BTC but a lot of people will sell it too. That would be interesting to see but i don't think it's gonna happen.

just_Alice

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Why would he do such a thing? What's the point for a person, who put so much time and effort into creating something so genius and unique in destroying it? And I think Satoshi has enough profit anyways Grin

, so he wouldn't do that for money's sake. Plus for a person like that ideology is far more precious than money.
Also, such a drastic change in price would attract A LOT of attention, many people (including me) would love to use this opportunity to buy Bitcoins, so, in a time, the market would go back to normal, I guess.

Twentyonepaylots

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If he does that, we'll know for sure that it was him. That is provided that the movement is massive and involves him moving thousands upon thousands of his collected bitcoins. On the upside, this will induce circulation since sleeping coins are reinstated back into the market to facilitate more transactions in the future. On the downside, this will mean that bitcoin will dump in value and may take time before it can recover from its former price.

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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

There are provably big news will happen even if the amount move is so little since imagine for so many years he moves his coin and sell off. Maybe this could start a fear that Satoshi is dumping or maybe others will be happy to see that since Satoshi is showing a sign of life which we didn't see before. But seems this will not happen for now as no sign or fuds showing about this.

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According to expectations, Satoshi could have mined about a million BTC in the first months of his invention of Bitcoin, this is equivalent to the current price of Bitcoin about $ 62 billion, this is a very huge number Satoshi has become one of the largest rich people in the world now because expectations say that he keeps these quantities until now .
If Satoshi thought to sell these huge amounts of bitcoin that he owns, it would certainly cause a dramatic drop in the bitcoin price because the supply will increase dramatically in exchange for demand, but I expect Satoshi to be wiser than to do this foolish act and cause great harm to his spoiled bitcoin who invented it. By himself.

aoluain

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Quote from: LoyceV on April 16, 2021, 01:44:08 PM

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

Or he/she/they could decide to manipulate the market with the huge stash of coins.

Satoshi could have done that any time in the past decade, but didn't. This isn't something I worry about, and even if it would happen, it would just be absorbed by the market.

Remember what happened when the BearWhale dumped 30,000 Bitcoin in a limit order? This happened:
Image loading...

(source)

In a few hours, many Bitcoin owners increased their stash. The more whales sell, the more smaller users get to own.

Im not worried either, any correction in the market if Satoshi moved or sold
Bitcoin would only be temporary as buyers snap up cheap Bitcoin while others
panic and sell.

Why do some people think there would be a Bitcoin armageddon or
something catastrophic? Bitcoin is way bigger than 1 person

Swordsoffreedom

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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

This question is very common, everyone is curious that Satoshi Nakamoto may one day sell all the Bitcoins of his holding and cause a dump in the Bitcoin market. Did Satoshi Nakamoto create Bitcoin to destroy it with his own hands! I sincerely believe that Satoshi Nakamoto will never sell all his Bitcoins together, he is a talented man and as well as a kind-hearted human so he is the most trusted person in this community. I think Already he has made a lot of profit by creating/mining Bitcoin and if he ever decides to sell his held Bitcoin, he will make the right decision.

Mahanton

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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

It would be surely be noticed right away when these coins do make out some movement neither on having a simple transfer to a new wallet or moving those funds into an exchange
considering the number of coins that had been moved then this will really be creating some sort of panic if it turns out that those coins were sold but i highly doubt that
Satoshi would make out such step and if he do really like for his creation to rise up that high then that sort of trust that he would put and wouldnt make out any sell
is likely to happen.

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And again, satoshi's name is being murdered lol. I wish people would just let the guy be at peace inwatching where his creation goes. The guy clearly doesn't want any involvement in bitcoin anymore or is already dead so just ket the name rest.

But on a serious note though, just to oblige, if a scenario such as what you are saying really does happen then I think it is only natural to see a huge crash in the price of bitcoin and would be long before it recovers. But it sure will. Because there are already a lot of big names that are locked onto bitcoin it won't be that easy to get rid of it.

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