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Title: If this were to happen.. Could it be the end? Post by: monbux on November 18, 2013, 10:57:45 PM Ok, so: bitcoin hits $1000 USD/1 bitcoin. We are all happy, thinking it'll be the next big thing, waiting for it to hit 100,000 USD or something. What if satoshi swoops in and sells some of his bitcoin? He has like, 1 million or something. If he were to do that, wouldn't we just be back at square 1?
Title: Re: If this were to happen.. Could it be the end? Post by: DeathAndTaxes on November 18, 2013, 10:59:33 PM No. Prices can go down however that doesn't mean we are back to "square one". Square one was genesis block and almost nobody mining, nobody knowing about Bitcoin, no where to buy or sell them.
If Satoshi were to dump 1M BTC on the market overnight that would be stupid. Why do you think Satoshi is stupid? Still even if he did the price would go lower, other people would buy and in the long run Bitcoin would be stronger. 1M BTC now in the hands of thousands of more users. Title: Re: If this were to happen.. Could it be the end? Post by: monbux on November 18, 2013, 11:09:51 PM No. Prices can go down however that doesn't mean we are back to "square one". Square one was genesis block and almost nobody mining, nobody knowing about Bitcoin, no where to buy or sell them. If Satoshi were to dump 1M BTC on the market overnight that would be stupid. Why do you think Satoshi is stupid? Still even if he did the price would go lower, other people would buy and in the long run Bitcoin would be stronger. 1M BTC now in the hands of thousands of more users. As far as I could tell, nobody here knows satoshi in real life. So it's relying on judgement only for thinking if satoshi was stupid or not. How do we know he didn't start bitcoins as a hit and run operation? 5 years, and now he's a multi-millionare. Not bad, eh? Look, I'm not saying that this is true. I don't beleive it is. But I just wanted to bring this idea up, to see what others have to say. Title: Re: If this were to happen.. Could it be the end? Post by: freethink2013 on November 18, 2013, 11:10:39 PM satoshi doesn't exist
Title: Re: If this were to happen.. Could it be the end? Post by: monbux on November 19, 2013, 01:49:10 AM There goes a $200 drop guys! lol
Title: Re: If this were to happen.. Could it be the end? Post by: devthedev on November 19, 2013, 03:10:18 AM There goes a $200 drop guys! lol I think it'll be at $1000 soon enough :) Title: Re: If this were to happen.. Could it be the end? Post by: beetcoin on November 19, 2013, 03:20:41 AM Ok, so: bitcoin hits $1000 USD/1 bitcoin. We are all happy, thinking it'll be the next big thing, waiting for it to hit 100,000 USD or something. What if satoshi swoops in and sells some of his bitcoin? He has like, 1 million or something. If he were to do that, wouldn't we just be back at square 1? unlikely that he would sell his coins.. since everybody has their eyes set on him. also, if it's just 1 person selling all his/her coins, the market would realize this and "correct" itself (as in go up again). |