Bitcoin Forum

It's not a secret Satoshi Nakamoto has more than 1 million of Bitcoins in his wallet, right?

If he suddenly wants to sell all his Bitcoins, could it cause a chaos in Bitcoin market making the price fall? Or is this amount too insignificant to cause any mess?

For as long as Bitcoin has existed, it has always been a possibility. Some like to think Satoshi purposefully threw away the keys to his multiple wallets because he knew how risky keeping that much btc was. Personally, I believe that he still has access to the wallets and hasn't touched them for three main reasons. Firstly, he knows that people would notice if he sold his bitcoins, which has the potential to destroy faith in the whole project. Secondly, he's aware of the fact that selling so many bitcoins would most definitely disrupt the market. Thirdly, as the visionary behind blockchains, he has an unshakable faith in Bitcoin and is certain it will succeed in the long term.

If this happen that nakamoto sell all his bitcoin i think bitcoin price drop.  And many investor panic for this because they don't sell their bitcoin when the time price increase. Regretting is the number one feel all investor.
Hope that speculation not happen.

I believe only someone with big ideal would be able to create something like Bitcoin, and that is the case of Satoshi.

I don't know the real purpose why he intended to create Bitcoin, but considering what you said, as he has the potential to destroy the others faith in Bitcoin if he sells everything, could he be waiting the big whales of this world, the rich people introduce themselves in Bitcoin to make it fail and consequently, turning the wealth of rich people into ashes?

For me, it looks like God watching his own creation, and like in the "Deluge of Noah's Ark" story, at some point, God wanted to destroy the humanity because they weren't corresponding to his laws. Surely it's a figurative meaning, just an example, but something like this, if rich people start trying to control Bitcoin, Satoshi could destroy it.

Every 50-70 bitcoins sold at one size can drop the price for 1 dollar. 1 mill can drop it down to the bottom. It is beginning of June stat.

If he is going to sell all of his bitcoin into a lower price then yes, it would affect the bitcoin market causing its price to go dump, but it is not a bad thing after all, because if this thing is going to happen in the near future, then I am going to buy bitcoins and I am going to hold it in my wallet and wait for its price to go up again so that I could earn a lot of profits in the long run.

Well, yes, a sudden influx of billions of dollars would definitely crash the market if he aimed to sell them all at once. If he tried to portion it out over time, then it would be possible for him to get the money and not destroy the market. Which is basically the better idea out of all the ones that you can think of. I'm personally surprised more people don't do it in the exchanges and a lot of it is just dumps at once, but whatever. I guess it depends on time periods that are available.

I dont know whats worse,

- if he had access to his wallets and sold all his coins. ..or    :(
- if he had died and no one has access to all of those coins....   :(

the first thing you need to know about that stash is that it is a big guess not an accurate amount since many others were mining that time.
also if you knew the way satoshi were thinking and read the bitcoin paper and learn why satoshi created bitcoin. you can see that it was not because he wanted to sell bitcoin for fiat to make some money, that is the way we think. bitcoin was created in order to be a digital currency system which means being able to spend it directly. i say if someday those coins move it won't be because of "selling it for fiat" it will be because of spending them.

1 million bitcoin is a big value if you sell to fiat you can become rich, if satoshi intend to sell it's will only decrease the value of bitcoin may be worthless, investors will also run away and lose money if bitcoins are worthless and bitcoin becomes a failed project.

Of course it's a huge amount which could cause ripples across the markets but I do not think satoshi would ever do it, secondly we do not even know if he is yet there, it's weird to ask but did no one ever try to find out where satoshi coins where, no one ever claims to have them, the very possibility of his coins coming into market would cause excitement in the market. But currently there seem to be no clue as to if now or in future his coins will be ever sold, guess it's a wait and watch.

Yes , this is possible . You can easily understand that how much the market will fluctuate because when new service enter
In the Bitcoin market then for some days the price up ,.so you can think that what will happen if the Satoshi nakamoto will sell all his coins in the market , I am 100% sure that the market of the Bitcoin will crash to 40% because with the down of the price the people will
Also sell.thier Bitcoin due of panic to loss .
But I don't think that mr. Satoshi will.do this type of stupid activity because the power of the Satoshi nakamoto is due to the Bitcoin
And it's price in the world , if the price of the Bitcoin will get down then I am 100% sure that other altcoin will.enter in the market and can easily beat the Bitcoin . So here all thing that we are thinking will be impossible logically .

About 1 million, mining blocks of 50 each, 7% of bitcoins. Obviously if Satoshi decides to sell his coins it would cause a chaos, price would plummet, moreover it would cause a psychological impact, Satoshi selling his stash means he has no more faith in his creation. That would be disastrous for the community.

About an year ago, Theymos had proposed that old/lost coins should be destroyed before it gets stolen and cause a disastrous monetary inflation and this proposition wasn't well looked upon by the community, assuming that it suggested Satoshi's bitcoins should be destroyed. Yeah, this is a centralized approach and anyone with coins in their wallet have the right to access it whenever they want to. But from a security point of view it is a big risk, if the coin gets stolen it would have the same impact if Satoshi dumps it himself.

We have good reasons to believe Satoshi would not take such an irrational step.

first of all i don't think he is that stupid to sell all in one volley and cause a major value wreck and panic dump, second the market now is so big that cna absorbs that without much trouble

and third one i think satoshi don't own 1M coins, the estimate is more around 200k, there were other people mining with him at that time

We are not sure Satoshi got that amount and I think he is wise enough not to sell it all at once, if Satoshi sell all of his coin at once the price will fall down and it can cause chaos to the market, but eventually it will be back to normal because a lot of people now is looking for bitcoin to invest, so they are waiting the right time to buy it

The price will drop a lot, if you look at what happened when they sold 44 000 bitcoins on the Silkroad Auction. It usually drop even before the auction or event happens. http://www.coindesk.com/four-winners-44000-bitcoins-final-silk-road-auction/

Even if Satoshi sell only 1 bitcoin, then the price will drop quickly. People will then know in advance that those coins are available to him or her and they will start to panic sell before he or she starts to dump the rest onto the markets. ^hmmmm^

First 20K blocks were mined with difficulty of 1 meaning only 1 person was mining it but there are already some of the block rewards spent long time ago, he has already spent some of his coins, only difficulty starts to increase after 20K blocks, if not then some where along the way devs changed how difficulty adjusts.
He doesn't really have 1M it's just an estimation, anyways thinking that he could destroy Bitcoin like noobs here suggesting is absurd.
What is next maybe we should craft a statue and start worshiping him like an idol? lol.

I would say that the worse is if he had sold all his coins but I doubt that he will since his project will definitely fall and die which logically is not even a time for that if he wants to now that it had garnered attention especially to the governments and adoption of Bitcoin is increasing that lead to the increase of Bitcoin's price and his wealth of course.

In the second one, it might be good that there is no one that can access that huge sum of Bitcoin but I am not saying that it is good that Satoshi to die so that he can't possibly do this threat to Bitcoin market. Bitcoin is Satoshi's creation and again I doubt that he will destroy it unless he has other plans for him to do so.

The more market cap grows, day by day and the more people flock into cryptocurrency, the less there is a chance of one large holder signficantly affecting the network. If he decided to sell, I do not think he ll just dump it. After all, what would he do with that kind of amount of money? How would he perform this transaction. Send it to Coinbase and withdraw to his main account?

Yeah, right.

Satoshi must have plenty that he mined to get him by  :)

A possible thing that would happen he satoshi sells his millions is that whales are going to be poorer and they are going to hunt satoshi and bury him up alive on Albuquerque desert while his head is on the surface so fire ants can kill him. ETH holders will be richer and will thank satoshi :)

He doesn't need to he can buy things directly with Bitcoin. I'm sure he already cashed out plenty Bitcoin enough to never need fiat again and everything else he pays with Bitcoin directly. It would make more sense. Why would he cash out into fiat it makes no sense. Also he is Satoshi and Satoshi doesn't do things like that don't you know. :)

I really wish I was mining Bitcoin instead of messing around back in 2010 :(

Personally, I too think that he has a stash of Bitcoins in his pocket but I don't think he'll take the risk of selling them, definitely not when the price is this low. Bitcoins are getting adopted everywhere and he may sell them when the price will become $10000 or more.

If he throw away all your bitcoins to the market, you can be sure that the price will collapse and bitcoin will not be worth anything. But why would he do that. It will gradually sell your bitcoins and earn a lot of money, and then the fate of bitcoin will cease to interest him.

No i don't think Satoshi Nakamoto will sell all of his bitcoins, because he must has the whealty,
if he sell bitcoins will makes bitcoins is chaos that is bad for his whealty
no one like bitcoins can protect the value of funds, what's for Satoshi Nakamoto sell all of his bitcoins?
I don't think he is stupid with sell all of his bitcoins.

I do not think that he will sell his bitcoins.  He knows how it works and maybe he could actually reproduce it without knowing it.  Considering that he created bitcoins, and its price going up, he will never sell it.  Plus bitcoin is not all his wealth.  He may have other business or he have other job.  In case he will be able to sell all his bitcoins.  Its price will go low if the buyer are money.  Or it will still the same if they will only hold it.

He would not sell your own Bitcoin that is yours and he can surely sell his own bitcoin, but does he really have that much of a BTC, I really think that Satoshi Nakamoto is not just a one person and we are simply convince that there is just one maker of Bitcoin and just one person mining it back then, I  really think that he had that much of a bitcoin, there is just a mere 100 k to 300 k bitcoin something like that but a million bitcoin would be very irrelevant to have.

If those coins move, even to a new wallet, the price of bitcoin wil immediately go ham. I can't even say if it would go up or down. I'd sell, personally, but this would revitalize some people the same way it would scare the shit out of me. If they hit an exchange, AML/KYC would be legally required, Satoshi would have to identify himself ;)

So essentially, those coins will never move. If they do, be concerned, he's ending the experiment.

If this eventually happened which will all know its not going to happen but what I see is that a drop in the value of bitcoin to a say low ebb because 1miion is a whole lot which can cause panic but at the same time I see the price recovering because the over one million others will want to buy and increase their stock of what they already have and by so doing we keep on increasing slow and steady never to face another kind of that challenge again.

Yes, if he try sold his Bitcoin, the market will be very chaotic and bitcoin may lead to loss of value.
I think Satoshi hope Bitcoin can help the world and replace old system payment as Banks, opens a new era of digital money technology

I guess it's true if he tried all bitcoinnya it is certainly the market will be very chaotic and led to the loss of value in the bitcoin, when it's really happening hope bitcoin can be able to help the world and replace the money with digital technology system

you are right, and if satoshi nakamoto wants to sell his bitcoin, then we can see that the price will be fallen into the bottom and its really hard to stay in the surface. but its only my predictions and i don't know what will happen in future as i only saving my bitcoin without know that something will be happen later.

Do you think Satoshi is real? We do not even have any information about him, and that may be a group of people, they are secretive and they will not keep their own bitcoin.

Yeah, like any exchange would send him 2,800,000,000$.

Every day more people are using bitcoin, more stores are accepting it, and here is my logic - if he sells all his bitcoins, price will fall, but lots of people will buy his coins, bitcoin will become more decentralized, price will go up eventually and we won't be asking this kind of questions any more.

It can happen or not, He may still have access or none but i salute him for being wise because if he will sell all his Bitcoin then for sure he will gets very rich but the Bitcoin world will collapse. Good for him that he is not greedy.

As always, that would all depend on a host of other factors

The major one of which is whether he is going to sell his stash in the open market or off the market. Obviously, if his intentions are not to crash Bitcoin but book as much profit as possible, he would be 100% looking for an off-the-market deal. In this way, him selling his stash might not have a significant impact on prices at all since we could find out about this deal only by the coins moving from his wallet to someone else's. they won't enter circulation and thus won't increase the supply side which would bring the prices down

If  he really has that much Bitcoin then this could explain why he is hiding his identity.  Crooks who want to crash Bitcoin price could actually force him to reveal his password and keys and sell off his Coin. He made a great decision.

Yes it will but I don't think he gonna make that move. Even if he moves 1 bitcoin out of his known addresses there will be chaos in bitcoin market and we might see another major price crash  ;D

Most probably he has Bitcoins for sure, now how much he holds, not sure. I think he won't sell them, if he is so wise to create Bitcoin, I hope he won't be so foolish to sell them, atleast so early.

And even if he sells suddenly, it would affect for sure, but similarly the user base is increasing and demand is as well. So the affect might not be so high.
Also he won't be announcing that he is going to or had sold his Bitcoins.

I think the more interesting scenario (but still farfetched) is if/when there is a fork, Satoshi could decide to dump on the chain he doesn't like. So say there was a core/BU fork and he wanted core to be the dominant chain, he could dump all his BU coins and pump core btc with the profit.

If he really wants to sell he could have do it long back or he could not give or keep it as a open source . In worst condition it happens then no doubt that bitcoin goes to its original stage where it started

Yep, it would be interesting to see

I guess we should hear a lot of rumors about Satoshi's stand on this issue as we approach the finish line. He doesn't even need to sell his bitcoins, just voicing his opinion will suffice, and people will understand everything on their own. In fact, this is a good pretext or event for a comeback provided he is still alive, of course (and didn't lose the private keys from his wallets). Though it still would be better to dump the coins and support miners of his choice financially (to add more hashing power to his camp)

Satoshi does not care about wealth.
Satoshi is happy with his legacy - the rise of decentralisation.
If BTC becomes a cesspit of greed dominated by investment banks, Satoshi will dump 1 million coins and end this madness.

I agree with you, if he want to that, he can do it a long time ago. As i know, i think he want to save the 1 million bitcoins for a day when the price achieve the limit and cross a high barrier of price like 20k$ or maybe more. and then he can be a billionaire more than now.  ;D

As soon as that first coin moves out of his wallet, even if it's just one satoshi, the market will react. Will be amazing to watch if it happens, regardless of the ultimate outcome.

If he would sell on ladder price heading to the negative side,yes it will cause a complete chaos and huge dump on price which may throw bitcoins back to 3 digit in dollars.1 million bitcoins is a big part of total bitcoins generated up to this date

Yes it can really happen and he can make it happen if he will be selling all his holdings,as a developer it is normal for you to hold that huge amount of your coins and selling it all will affect the real time market totally and may destroy the bitcoins price totally if he keeps on selling low

I do not think it is true because if he has more than 1 million of Bitcoin, I think he would have sold all of them before the Bitcoin Price went to 2000@ lol

Of course it will impact the ecosystem to the point that the price will really plummet down the pipe. But we all know that Satoshi will not do that because he knows that his invention will be destroyed, affecting a lot of people who has truly trusted in bitcoin already. If he really wanted to sell all his bitcoin, he should have done it already. So he's coins will remain intact and untouched. Personally, I think he is not a greedy person, he is not after the money or wealth. He just wanted his creation to be truly uses by the general public. No strings attached.

1 million coins is 1 out of every 16 coins in circulation so that is something that could destroy bitcoin if it was done  incorrectly, personally I think that satoshi is never going to sell his coins, but if at some point he wants to do it, I think he will need to come out of hiding and say that he needs some of his coins and state the way in which he is going to do it to avoid panic among users.

I think no,yeah he can cause a damage if he sell all his holdings and all his bitcoins at this rate and stage but im sure he can just cause a small crash that will not kill bitcoins instead will help it i think

That is just the thing though. Why are people saying here that he WILL SELL HIS BITCOINS!! WHY!!

Why can't he use his bitcoins to buy things? Many places accept them.  I don't see why he would need to sell them for USD, which would obviously crash the market if he did sell them all.

I think he will hold many of them for years and decades.

Satoshi nakamoto is himself the owner of the Bitcoin and he can do anything with the Bitcoin and its network and I am thinking that besides the mining he can create any number of the Bitcoin for himself .
But here I am 100% sure that he will never sell all of the Bitcoin that he has , because the grow of the Bitcoin in the market of the internet is the aim of the Satoshi nakamoto and if he will sell his all Bitcoin then the price of the Bitcoin will got crash and this will results into loss for the other Bitcoin holder .
So probably most chances is to have but and not to sell the Bitcoin , because this is not a simple thing in my opinion .
So with the responsibility to make the Bitcoin more stable , he will never sell all of his Bitcoin for money .

If he lives in an oppressive country his government would take notice of all the "illegal" cash. I can't see him doing that living in an oppressive country.

It would be interesting, but I think he wouldn't do this, as it would hurt the decentralization purpose. He would impose his own wish with his unproportional power compared to other holders.

At same time, there are many other holders that together can have the same amount Satoshi has. It could be a battle of giants to dump one or another currency.

He is even glad he sells at a low price, because despite the low price, he still gets a lot of profit. And if that happens, maybe he's regretting now.

Is he dead? Did he burn them? Where are these 1million coins? In what wallet? Why would he ruin his creation? Why would he have waited this long if he needed the money?

Once you answer these questions you'll have your answer!

Whoever this Nakamoto really is...he must be a man of his words and somebody who has no desire to well-known and be officially recognized as the man who started everything crypto. And I have a great respect for what he did and his eventual decision not to interfere in any way on Bitcoin.

Of course, it is his right if he wants to dispose of his hoard of Bitcoin but I don't think he will do it in a way that disrupt the whole thing...I mean he can dispose it slowly making it noticeable.

I see the price already reinstated because more than a million other people will want to buy their shares and increase what they already have, thus, we keep getting slow and steady never to face another kind of challenge will be making again.
advantage for users or purchasers

no it doesn't make sense for him to sell lower than the possible value that might happen in his own prediction, "very big volume or no volume in 20 years"

so i think if he ws really in the mood of selling his coin he would wait the end of those 20 years first(2030), still selling all his coins just to kill the market and his own project is utterly stupid

I don't believe Satoshi will want to do that in because releasing such amount of bitcoin into the market at once might the push the price down to an extent that it might be hard to recover from, it might recover but I see it happening very long and it will really give credence to the bubble projectors that its finally happening and the burst has finally come to play. But at the same time is the current market enough to absorb that amount of bitcoin without any shaking?

Surely Satoshi wouldn't want his beloved project who is undergoing a great development cascading due to this. It would really have a huge impact that will make users to pull out and transfer it to another coins which will lead to Bitcoin's death in due time.


1 million Bitcoins is such a huge amount which will really shake Bitcoin's market. It might not make Bitcoin's price drop to 0 or in other words it will lead to its instant death but the reaction of the users having a great fall like that would surely make the Bitcoin die.

It won't happen, not ever!

Maybe Satoshi has some kind of a masterplan:
He is waiting for a bitcoin to be worth over one hundred thousand dollars, will sell then and solve some major problems of mankind with the fortune he owns then.
But personally I think there is no satoshi anymore. Maybe he died in an acident, or he just lost his keys.
However, I am convinced that his coins will never enter the market again.

Even if he wants to sell all his bitcoins he have to go to exchange for selling and when this much high transaction will happen the exchange will stop that acct withdraw and all problems will start so i think he wont do this mistake and sell slowly slowly so that the coins will also get sold and it wont affect the market.

Yes, you can own a large amount of bitcoin, but it is very dangerous, he can sell a little to use gradually, but it would be stupid if he sells all, he is sure. He will be in danger.

Releasing 1 million bitcoin into the market for selling purpose isn't good idea and I think Nakamoto won't do that. There's a chance for the price to move down very deep before all his coins been sold. If he intended to sell it I guess he will try to find another rich persons who interested in this project to buy all his coins, hence the market won't be affected very much!

That's why it is wise to get out of Bitcoin until the dust settles (more or less)

I don't advise anyone to leave Bitcoin completely but cashing out some fraction of one's stash could turn out to be a wise idea in the end (before things get really complicated). Regarding changing the world for the better, as another poster suggested, money can't solve everything. In fact, it can't solve anything substantial or existential. As the Jewish proverb goes, if money can solve the problem, it is not a problem but expenses

Any large holder of bitcoin can make the market go into chaos by doing something like that. However, they don't stand to benefit from that because they wouldn't be able to sell anywhere near 1 million btc before the price was far, far below the current price. It doesn't take a lot of money to manipulate the bitcoin market, so people who are holding large amounts don't have a good way of exiting their position without harming the market and reducing the value of the majority of their holdings.

I'm pretty sure that's purely a rumour and even it's true I'm pretty sure satoshi is not going to sell his coin as he is not the one who wants to make profit from falling the price of his own system. If he wanted to do something like this he would have revealed his identity and already crashed the market multiple times.

Just curious, for me it sounds unlogical. He is the creator of bitcoin and imagine he has huge amount of bitcoins and would he threw away keys for simply? He created bitcoin for his aims I believe and not for only other people. And also he won't be so stupid to sell all bitcoins immediately, it may take years for him to make selling process less visible.

Even if he did not sell all his coins, if at some point it is discovered satoshi, the creator of bitcoin is selling his stash, then everyone will begin to panic, if even the creator of bitcoin is cashing out, why I should stay?, as you can see it is not only the amount of coins we need to be worried about, just the act of satoshi cashing out come coins will be terrible for the network since people may lose faith in bitcoin almost overnight.

I agree. I have often wondered about the 'what if' Satoshi was still active on this forum, buying&selling his coins and still contactable working on the tech. My opinion is I think the price of bitcoin would not have risen so sharply since his disappearance. Now that he decided to 'check out', his wallets are being looked at more than ever for even a sniff of activity. Poor bastard, he's almost the only bitcoin holder without any anonymity>> feeling the irony there.

1 million bitcoins? Too insignificant to cause any mess? Nah, quite the contrary bro. If all of a sudden, he sells such a huge amount, that is a perfect recipe for bitcoin crumbling to the ground.

The bitcoin market will virtually come crashing down. If the invention is not totally destroyed, meaning if it survives the hellish dipping down of value, it will soar once again. The problem is if the people's faith in bitcoin remains intact after such a great mess. I seriously doubt that.

But, of course, the question is why would the great visionary or visionaries behind Satoshi Nakamoto do such thing? They have exerted much effort in building it. Why would they suddenly destroy everything? 

What estimates are you talking about?
https://bitcointalk.org/index.php?topic=37333.0

Besides that, he doesn't even have to sell it all at once to cause a ruckus in the markets.
If the coins that were certainly mined by Satoshi start moving the sheep will start panicking even if in reality he is just buying a coffee with BTC

If suddenly he sells all kinds of micoinnya, I do not think it will make the price down btc or chaos in the bitcoin market.

If it was so I'm happy with the incident, what will happen is the bitcoin price increase at any time.

Yup, this is a true thing IMO, Satoshi's wallet has a large number and if I remember correctly, some of it was sold few years ago (a small sum), although unlikely but if the whole or a large sum is sold the price will collapse. if a small sum is sold, it won't matter though, but Satoshi's anonymous ID would most likely arise, regardless of the method he/she uses to exchange the BTC through.

although it can effect the market for a little but i think after that when there will not be available a single bitcoin in the market then the price of bitcoin will really become skyrocket. and will continue increasing because people will demand for it and there will be no supply so people will increase the offer.

I think not, if only satoshi sell it what will happen market chaos, panic, cause the price down is for sure, but satoshi is satoshi impossible to do that...

Why no satoshi do it ...?
But if true it is, I think satoshi will not do it .. ;D

I don’t think satoshi cares at all, it is my opinion that he had move to other projects, maybe to other crypto currencies or maybe to something else, to me the profile of someone like satoshi tells me that he created bitcoin more for the challenge of creating bitcoin than for the possible economic benefits that could be gotten later.   

Are you serious? It's the first one is the worst for sure. I really don't think the second one could go worst. It will be worst for him but not for you.