Bitcoin Forum

It's known that he may have a million BTC in his possession. The bitcoin network clearly showed that if satoshi makes transactions the price drops. Even if he is not satoshi, big transactions from old generated blocks is creating a trouble in the market.

If satoshi sells 500BTC price may drop 2-3k dollars. So he is not that rich, isn't he?  :P

Yeah, you can't sell 1 million BTC in one go, but you can sell it slowly over long period of time and use OTC whenever possible, so I have no doubts that theoretically Satoshi could convert his BTC stash into hundreds of millions of dollars. It's the same as with billionaires and their networth - they don't literally have billions in their pockets, but they can quickly create the needed sum if they want to spend money.


500 Bitcoin's won't make such a big swing, it would only drop the price by $100-200. Check the market depth.

Lets say if all of those dormant accounts neither being owned by Satoshi itself or early adopters which do tens of thousands of btc then it will surely affect the entire market but only on small scale but we know on how crypto market moves when in talks of recovery.It doesnt really matter that much
if satoshi own 1M coins or whatsoever.This had been always a topic on how much Satoshi do really own and it do still remain a mystery.
Is it really that important to know if he's that rich or not?  :D

What has always cracked me up is people think that Satoshi only has as many bitcoins as we can see from his  known address.  The truth of the matter is know one has a clue how many bitcoins they own. The creator of bitcoin could certainly have created other wallets and owned other bitcoins that we are unaware of.

It's all pure speculation if Satoshi is really the person behind the movement of that old generated blocks. And it didn't have a significant effect on the market we are still above $9k despite people trying to spin it out and pull the price of BTC.


If he wanted to maximised the profit then why he didn't sell in 2017? So let's wait for another all time high and see if he/she/they are going to sell to enrich themselves.  :)

Nah, I doubt it. I think Satoshi will remain not selling his holdings. Based on what have you said, we all knew that btc's price is climbing up year by year thus making everytime a good time to exit. So it's really impossible that greed never kicked in most especially during its ATH because you can generate a lot of money from that. Maybe Satoshi really don't care about the money, maybe he is already happy on what he contributed to all of us :).

Price swings in Bitcoin are caused by movements for cryptocurrencies worth more than $50 million or Bitcoin whales' transactions. Such transactions may result in  slump of more than 20% of the price, but the price won't drop to 100$ in any case.

For me, this will not matter anymore at all especially as the time goes by, we are still not dropping at 0$.
Even if we say Satoshi will sell all of his/her Bitcoin and price of Bitcoin will drop to below $3,000? $1,000? So what's next?
We are not sure that cause of those drops, we don't have 100% proof. Maybe it's just a coincidence? Who knows.

We will always have a support from the market if Satoshi sells low his bitcoins and i don't think he would dumped it all because whales will only buy it back. We didn't see large of bitcoin sold during it's highest ATH, so i think Satoshi is a real deal holder and besides he created this, so he will always support his own creation until bitcoin will be widely used and adopted around the globe by crypto enthusiast like us.

That's possible and likely, as a creator you would want to test as many wallet and test the transfer rate and the fee that will incur, so it's very likely that the real Satoshi has many wallets and we never know if he is actively trading those coins and he is just waiting for the right time to move the coins that are in his main wallet.

He created this kind of technology that we are using right now, I bet he will not be that stupid to sell all his Bitcoin in go. Also, even if he sells 500 Bitcoin in one go, I don't it will drop 2-3k dollers. If you search the recent scam accident where the scammers tried to sell of 12,000 BTC, it only shave of 2k dollars in the market and that is partnered with FUD but we already recovered from that so I don't think 500 BTC would have an impact.

So.. what's your point? Satoshi selling some would most definitely make a temporary commotion, but it really doesn't matter. His coins, his money. That, and we're mostly talking about bitcoin's current valuations. I think most of us here agree that bitcoin could be worth a lot more in the future.

wrong.
just because someone made an estimation it doesn't mean it is correct. i can guess that "you" own 500 bitcoin but that i am correct!

first of all it is not the "network" but the "market" and secondly it didn't show such a thing at all. there was a very small drop which might as well have been a coincidence. an  actual drop that you could speculate about like this should have been at least down to $7000 which obviously didn't happen.

impossible with such a small amount.

Why would he do that though?

There is this theory about good and bad Satoshi Nakamoto. If he plans to sell the Bitcoin he's holding when the price is at the peak, then he is a Bad Satoshi. If he keeps it and since he's just holding it, meaning he's a good Satoshi. He is manipulating for the own good of Bitcoin. Saying that, he will not just sell all of his Bitcoins.

Yes, that amount won't cause the market to go down that hard but I think he lowkey tried to imply it was gonna be due to the massive selloff following the panic of that happening. I can see how its a point you can miss.

that is what i meant.
first of all you can't tell if a transaction is for "selling" bitcoin or simply "moving" coins despite what OP says, and even though the amount looks big, it is not going to cause mass panic to be able to end up with an 80% market crash. for such a gigantic crash at least 100k bitcoin need to move from known Satoshi addresses (not just outputs from early years) while manipulators dump large amounts on the market.

In fact it would be best if those holding such ancient coins would move them into newer wallets, to avoid that infamous attack some people keep predicting, precisely against Satoshi's coins among other early holders.

But it could be that Satoshi isn't there to move them anymore, or lost the ability to do so.

Also even if you were Satoshi, why sell them all? Just sell a bit for living expenses, i don't get why people keep thinking its always an all or nothing.

The normal attitude when you have money that doesn't lose value over time, is to only spend what you need, and keep the rest.

Why would you get in "panic", if "Satoshi" decided to sell, say, 10 ₿ for living expenses? Well despite the fact of announcing the world that Satoshi is still out there...

"Trouble in the market"?So a less than 10% Bitcoin price drop is a "trouble in the market"?Are you serious,OP?
The guy that moved those 2009 bitcoins isn't Satoshi.
Satoshi owns around 1M Bitcoins.Even if the Bitcoin price drops 2-3K dollars,he is still a multimillionaire.
What do you mean by "isn't that rich"?He isn't selling or using his BTC,which means that he's not rich at all.
We don't know if he is alive,discussing his BTC wealth(that he never used) is pointless.

Each post is funnier than the other.

Anyway, I never said that satoshi will sell them all, you pictured it. I just have seen by googling that with his bitcoin worth he could be counted as a billionaire. If a have a billion chocolates I am not a billionaire until I sell all of them.

At the year started Satoshi Nakamoto is not rich because he just hold a huge amount of the bitcoin and from that year it does not have enough value by the time goes by the market price of the coin increases and every time it rapidly increases he makes a withdrawal on it that gives him a lot of enough funds to make huge money. If you are a person you will not sell all of your market investment in just a single day because if you are one of the sources if the bitcoin the price of the coin will now lose and decrease that many people getting affected in this kind of movement. One of the best ways is to make an investment while the market is low and wait for the opportunity to sell your coins but not all of your coins and repeat this cycle if Satoshi Nakamoto does this kind of method or process will become one of the billionaires among all others.


Having a good market strategy is the key to gain a lot of money if you will grab the opportunity when is the market will become in demand it gives you a huge chance to make more profits. Still it takes time before you get your income.

I think that it would be felt to introduce several hundred thousand BTC to the market, which have not been in circulation until now. This would cause a noticeable drop you are writing about.

The second thing when BTC was created Satoshi Nakamoto could not know how much bitcoin price will reach ... Now we do not know what will be in half a year and what in 30 years ...

If he really started selling the market would panic and dump hard but before all those people would manage to sell he'd liquidate a large portion of his coins.

Even if he were to sell just 100000 bitcoins for half of the current price so around 5000 dollars that's 500 million USD! And that would be a very small part of his stash.

He is rich both theoretically and practically but selling would destroy his creation. I don't think having some fiat money is more important to him than his life's work that changed the way people see digital money and decentralization.

I see an insane number of topics about Satoshi popping up every few hours and I wonder how long it'll be before they are considered nonsense threads .. +95% of the stuff people "know" about Satoshi is just potential truth nobody has proof for. CShitW is the best example.

It's quite silly and annoying how people desperately hope Satoshi lost his coins (if they are even his) or will never sell.

Like God damn it, he created this thing that made many, many people richer, revolutionized tech and saved lives in some 3rd world countries and you hope he never gets a buck out of his supposed fortune because it may drop your $50 wallet balance by half a buck. That's such a f'ed up way of thinking.

Anybody with a sufficiently large stack of Bitcoin is likely smart enough to know not to dump their entire bag at once. Satoshi, in particular, should know this, since he invented the damn thing and gave birth to all the markets we see today.

It's estimated that Satoshi could have somewhere in the order of 10,000 to 100,000 BTC. This means he has somewhere between $90 and $900 million at today's rates. I'd call that fantastically wealthy in my opinion, even if he somehow only managed to liquidate it at 1/3 market rate, earning himself a minimum of $30 million.

Plenty of people have created similar blockchains, many of which are equally capable to Bitcoin's with far less money. So that would be a pretty great turnout for him.

Agreed, BUT with his coin mountain and lingering mystery he has created something of a sword of damacles that he probably now regrets.

He had no choice, someone had to mine and I'm sure he would've been delighted if the network had been swamped with miners from minute one, but I would've indicated some intention for such a large portion of supply before disappearing.

It was his right not to of course but it also unsettles the principles of his system a little for one entity to own that much.

The idea of him dumping on Yobit or handing everything over to Jamie Dimon is laughable. I fully expect no identifiable coin of his will ever move.

But if I were another early miner I would have moved and stirred my coins as soon as it became clear that the train had left the station. The intense scrutiny of the coins I was about to blow on a Lego Millennium Falcon as a reward for my patience would give me an ulcer.

This will answer the OP question, I think that the Satoshi known address is just a dummy that no matter happens with the market, it won't move and it will just stay there to let the people know Satoshi is not moving at his BTC at all while he is already selling his BTC in another wallet freely and slowly without anyone noticing him. but this is just some mere theories we don't really know if what satoshi meant by not moving any BTC in his wallet he only knows that himself.  

Lol,  i can't agree more...

If a huge bag of bitcoin is released into the market, we will surely experience a huge downtrend, i don't know if I'm to believe that is due to the current bear market condition or bitcoin isn't having much liquidity as it seems.  It is a sure fact that if he decided to liquidate all his holding today,  he might just be able to realize something more than half the supposed worth of his holding which surely shows that he isn't as rich as he seems

If the bitcoin network "clearly shows" Satoshis transactions then we know what wallet belongs to him -_-
Which we do not. So what are you talking about? I don't think you understand what you are saying. 500 btc is not going to drop the price by thousands. Do you even know how much bitcoin moves everyday?


More crap? What the hell down trend are you talking about? The market is not a bear one. Not for bitcoin anyway. Check the charts. Liquidity? Lol you really just using words you do not understand now.
So you just think he is not that rich because the OP says so? Mkay...

It can trigger a downtrend if satoshi is gong to dump some of his bitcoin. In theory satoshi owns at least a million of bitcoin and if the market dump at least 500$ we all know that it will cause a panic to the whales and can lead to downtrend, of vise versa, if the bitcoin dump that hard maybe the other whales are going the buy it and make an upward trend.

Satoshi is the creator of bitcoin so I think he is holding at least a million. But all of this will be invalidated if satoshi sells his bitcoin in the past. As long satoshi is not selling a huge amount of bitcoin then, we are all fine.

If Satoshi had a head injury and decided it was time to dump only a flat out moron would sell a significant amount on an exchange. He would have OTC buyers chewing his arm off. There would never, ever, ever be another opportunity to buy in quantities that large again. Not a single coin would hit the open market.

The biggest danger to price would not be the selling, it would be the hit it took when coins moved from the handful of addresses linked to him.

If satoshi sells those bitcoins i think the price would crash much more, because all the investors will run away if a whale with 1M bitcoins joins to the game, is a losing game for the ones who stay there.

im kinda bit confuse on your point  op  . you said satoshi isnt rich but then you said if what if he sold 500 btc worth of cash , thats alot .

 this does not count that he also have other btc because he invents btc   .

500 btc worth of fiat is too much and i dont think this will only affect 2k to 3k dollars in the price of btc  but it can affect more than that   .

What about other ways to sell his bitcoin? Such as selling the wallet itself, meaning that he doesn't need to enter the market and to broadcast his transaction and probably will not affect the price of bitcoin. We know, that he created bitcoin and probably he also know what is the most anonymous way to transact using it.

That is just my opinion, but I think he considered to hodl BTC for the sake of BTC's development, and doing the exact same thing from what I've just stated in the first paragraph will just disregard the capability and proper usage of bitcoin.

As he wouldn't ever use a centralized exchange to cash in his potential fortune, we also wouldn't even notice a thing in the markets in case he decides to sell besides the scared weak hands thinking selling the first coins means the end of Bitcoin.

Never done a smart contract with locktime on BTC so I am really wondering whether you could set a locktime for your mined coins and if yes, if that would be transparent for anyone to see or only the miner would know. If I was an early miner, maybe that's something I would've done if I ever wanted to force myself not to move anything for a long while.

I had the thought a few times to set a locktime on my txs in order to forcefully control my emotions when I was a very weak hand, but what made me back out of that idea is the fact that in case Bitcoin ever dies with very clear signs of it, I'd be forced not to move anything and watch my balance and Bitcoin's price effectively die out right in front of my eyes.

If you have a lot of one thing but you can´t sell it, you are rich but can´t use your fortune. If Satoshi really want to sell some of his coins, he should do it OTC so it´s not visible on the orderbooks of exchanges, no matter if centralized or not. The easest way would be to transfer them to a hardware wallet and sell the wallet and eventually let the buyer find out a way to blocktrade the single coins for fiat money.

If there are a lot of people who show support with Bitcoin, there wouldn't be a problem for sure. Personally, I would gladly buy more Bitcoins when that price comes into play. More possible BTC in the long run, right? That's the goal, earn more.

Not That Rich is okay rather that not rich, IMO. If you have those in your possession then it's a great blessing in the first place.

P.S. Is this really controversial? We don't know who they/he/she is???

Eh.... I think it will be fine. There will be people buying as well. There are still many people adopting bitcoin. With each one sold more will buy. I doubt Satoshi will sell his bitcoin he doesn't need to. It;s like selling your own baby. It's just emotion that could possibly start the downtrend. I don't give in to these emotion this is why I do not keep up to date with politics which is basically gossip and FUD.