Topic: What would happen if Satoshi dumped his coins? - page 3. (Read 6679 times)
Remember BTC-E's little dip to 102? Yeah that wasn't nearly a fraction of the coins Satoshi owns. He an drop the price to 0 for all he cares. He can sell out all of the buy orders until there's nothing left, at least for a while.
Nothing. At least, nothing of lasting consequence. Price would drop. Some of you would panic sell, the rest of us would buy up your cheap coins. Net result better wealth distribution (which, I gather, some of you are keen on for some reason?).
Bonus: If this is in fact the real Satoshi (don't buy it for a moment) and he in fact works for a scary three letter arm of the government, he (they) are not going to do any dumping for the above reason.
Bonus: If this is in fact the real Satoshi (don't buy it for a moment) and he in fact works for a scary three letter arm of the government, he (they) are not going to do any dumping for the above reason.
My friend, please be under no illusions.
If Satoshi dumped his coins.
Bitcoin would go to zero, with hundreds of thousands of coins left to spare.
But he is not going to dump them, because they aren't his to dump. They belong to his employer, a secretive branch of Uncle Sam.
Now, all those conducting shady trades who thought they were doing business out from under the nose of The Man, these people may be getting a little bit nervous right about now, and that might prove not so good for the USD value of your BTC holdings. But you don't care about USD, you only care about how many BTC u have, right?
yea of course
cuz who in their right mind would buy something for $0.1 when yesterday it was worth $700?
Drop to single digits, then jump to 300-400 before diving back to $100..
My guess.
My guess.
Most epic long squeeze in history.
probably the biggest drop and then spike in BTC history. Silk Road effect X 100
Nothing. At least, nothing of lasting consequence. Price would drop. Some of you would panic sell, the rest of us would buy up your cheap coins. Net result better wealth distribution (which, I gather, some of you are keen on for some reason?).
Bonus: If this is in fact the real Satoshi (don't buy it for a moment) and he in fact works for a scary three letter arm of the government, he (they) are not going to do any dumping for the above reason.
Bonus: If this is in fact the real Satoshi (don't buy it for a moment) and he in fact works for a scary three letter arm of the government, he (they) are not going to do any dumping for the above reason.
My friend, please be under no illusions.
If Satoshi dumped his coins.
Bitcoin would go to zero, with hundreds of thousands of coins left to spare.
But he is not going to dump them, because they aren't his to dump. They belong to his employer, a secretive branch of Uncle Sam.
Now, all those conducting shady trades who thought they were doing business out from under the nose of The Man, these people may be getting a little bit nervous right about now, and that might prove not so good for the USD value of your BTC holdings. But you don't care about USD, you only care about how many BTC u have, right?
Nothing. At least, nothing of lasting consequence. Price would drop. Some of you would panic sell, the rest of us would buy up your cheap coins. Net result better wealth distribution (which, I gather, some of you are keen on for some reason?).
Bonus: If this is in fact the real Satoshi (don't buy it for a moment) and he in fact works for a scary three letter arm of the government, he (they) are not going to do any dumping for the above reason.
Bonus: If this is in fact the real Satoshi (don't buy it for a moment) and he in fact works for a scary three letter arm of the government, he (they) are not going to do any dumping for the above reason.
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