Topic: What will happen if Satoshi moves or sells his Bitcoin? - page 5. (Read 677 times)
With how big the market has become, I don't think it would matter that much if Satoshi is to sell all of his coins right now. It would just be bought up by whales and organizations that are currently feasting on any coins that they can get. Plus, the small-sized owners of bitcoin would have some of the pot, too, if they do have the money to buy even just one bitcoin. But from the looks of things, I doubt Satoshi would come back and start selling his stash. It's either that the 1m+ coins he left are parting gifts to increase the value of bitcoin, or he simply doesn't care anymore as he achieved his aspirations.
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?
What are you thoughts?
Isn't Bitcoin already priced into 21 million finite?
What difference would it make if any one moved Bitcoin around?
That would be a flash crash.
It's a disaster for most that don't have the patience to watch the effect of it. And will push a lot of newbies and probably some experienced holders to sell because they might think that it's the end just like those days when bearish days.
But there go the institutions and for sure they'll be smiling while putting those buy orders while looking at the market by that time.
It's a disaster for most that don't have the patience to watch the effect of it. And will push a lot of newbies and probably some experienced holders to sell because they might think that it's the end just like those days when bearish days.
But there go the institutions and for sure they'll be smiling while putting those buy orders while looking at the market by that time.
Although it's far much to unlikely it will happen, Satoshi might move some Bitcoin to another wallet but not all, and is very reasonable to think that he can have some-so many hidden unknown to mass number of people.
If there is a sell-off of bitcoin from any known wallet of his and the amount sold are much I think even I will try to understand why that had happen, but still this is his property we talking about here, and he may be criticized though but as in his anonymous style may not be bothered.
If there is a sell-off of bitcoin from any known wallet of his and the amount sold are much I think even I will try to understand why that had happen, but still this is his property we talking about here, and he may be criticized though but as in his anonymous style may not be bothered.
If Satoshi sells his bitcoin the price will go way down. At that time folks should buy as much as they can afford because the price will go right back up in a few years to where it is now or even better. This is MHO.
What you ever wondered what will happen with Bitcoin once Satoshi moves his/her/their coins to another address on the Blockchain?
Does that mean you still believe that Satoshi is still alive out there?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?
Keep in mind that if the bitcoin supply is higher than the demand, the price will go down. This is the easiest scenario to guess what would happen if there were a lot of discarded bitcoins on the market. IMO, if satoshi is really alive then I'm not sure he really want to sell all those bitcoin. There are great options instead of selling all of his asset and I think he can still sell some of them and adopt bitcoin in his new business. It seemed that this choice was not sufficient to influence large-scale price reductions. What are you thoughts?
It is hard to imagine but such scenario only bring awful consequence. A father sells his own sons will cause people in panic.
But in reality, Nakamoto will never do that, I guess. He has created bitcoin for the sake of humanity and decentralization. Then, he chose to live outside the stage and let bitcoin a vast space to perform. More than 10 years since bitcoin was created and that is enough for him to observe how bitcoin has changed the world.
But in reality, Nakamoto will never do that, I guess. He has created bitcoin for the sake of humanity and decentralization. Then, he chose to live outside the stage and let bitcoin a vast space to perform. More than 10 years since bitcoin was created and that is enough for him to observe how bitcoin has changed the world.
As it seems most likely that these bitcoins will not move, since they have not moved in all this time, I wonder what is the reason. I can see three reasons:
1) Satoshi is dead
2) He doesn't care about the money or doesn't need it. His creation is somewhat superior to the personal profit he could make.
3) He lost the keys.
2) it is more difficult to believe, there are not many people like that in the world, although there are some. Also in this case it would be normal to think that he is not going to give the keys to anyone and that when he dies, no one will have access to those keys, if he has not already destroyed them.
3) It is also hard to believe, but it is not impossible.
In any case, I think we can consider those Bitcoins as lost as the most likely scenario.
1) Satoshi is dead
2) He doesn't care about the money or doesn't need it. His creation is somewhat superior to the personal profit he could make.
3) He lost the keys.
2) it is more difficult to believe, there are not many people like that in the world, although there are some. Also in this case it would be normal to think that he is not going to give the keys to anyone and that when he dies, no one will have access to those keys, if he has not already destroyed them.
3) It is also hard to believe, but it is not impossible.
In any case, I think we can consider those Bitcoins as lost as the most likely scenario.
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:
(source)
In a few hours, many Bitcoin owners increased their stash. The more whales sell, the more smaller users get to own.
Satoshi does not needs to sell the coins to create the panic in the market, just moving his coins alone will send panic warning to the entire market and we will see a major correction even if he moves the coins from his known wallets and that is the influence of the creator and the coins he is holding.
I hope we will not see that situation anytime soon, if he wants to move he would have already done that and we have not seen any signs as of yet.
I hope we will not see that situation anytime soon, if he wants to move he would have already done that and we have not seen any signs as of yet.
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?
What are you thoughts?
Certainly this would be terrible. There is no reason for him to do that, unless he would like to expose himself or to damage bitcoin.
If he moves his BTC people would be sure he is alive and doing something. Many people would start tracking him....
I believe that if Satoshi revealed himself the outcome would be terrible. He would become something like a bitcoin CEO, things would start to go centralized on him... at least politically speaking.
I doubt he would ever do something like that.
One of the things that makes bitcoin amazing is that it is growing without any central authority. Nobody controls it.
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.
I really did not expect it, and you certainly do not really agree with it.
Remember how people reacted when Charlie Lee announced that he sold all of his LTC? People had mix reactions and those who didn't like what he did most likely sold also. It's possible that we will see the same market reaction. People have gotten used to whales moving BTC worth millions of dollars but it's different if it's Satoshi. Too many curious cats monitoring his wallet.
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?
What are you thoughts?
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