Since Satoshi owns 980,000 Bitcoins, what would happen if he suddenly sells his Bitcoins?
At the actual rate hic coins value is more than 6 billion dollar.
Two likely case will happen:
One, bitcoin will go to 0. It will be epic fall as people will panic and dump hard. Much worst than Mt. Gox or Silk Road combined.
Two: Miners will continue to mine, investors will see this as a perfect opportunity to scoop more because there's still millions of bitcoin waiting to be mine and their is still profits to be made.
It would indeed really be an epic fall but like you said, it would just be a very good opportunity to pick more of it as this is what real believers will do anyway. Both the possibility of it dropping to single digits might be huge. With a stage like this, I am sure a lot of people would even start losing interest in bitcoin and the crypto space. We all know how Charlie Lee dropping all his holding was perceived in the market for the holders of Litecoin, which is more like the captain bailing out from his own ship. That would be horrific.
