What if Satoshi Nakamoto withdraws all his Bitcoin?

[yhiaali3]

In my opinion, Satoshi cannot withdraw all of his Bitcoin because he would put his beloved child (Bitcoin) at risk. I mean the risk in terms of a price drop, and I don't mean, of course, an existential risk to Bitcoin.

This possibility is unacceptable for several reasons. First, Satoshi knows that if he sells all of his Bitcoin, it will lead to a significant price drop. Second, if he wants to convert it to cash (which goes against Satoshi's principles), he could jeopardize his privacy and reveal his identity.

If Satoshi wanted to sell his Bitcoin, he would sell it off the market in batches to avoid affecting the price and jeopardizing his privacy, although I suspect he wouldn't.

[reagansimms]

If Satoshi had withdrawn all his Bitcoins it would have caused a significant drop in the price of Bitcoin because selling large amounts of Bitcoins could increase supply and reduce demand. In addition, Satoshi's actions in withdrawing Bitcoin could affect public trust in Bitcoin and blockchain, the reason being that he is considered the originator and protector of Bitcoin. The large amount of Bitcoin Satoshi acquired in the early stages of development was never moved or sold, so no one knows if he actually withdrew all of his Bitcoins, and his whereabouts are unknown to this day, so no one can be sure whether he still has access to his wallet or not.

I believe Satoshi (if he were still alive and had access to his wallet) wouldn't touch his Bitcoin because his goal in creating Bitcoin was based on distrust of the fiat money system. Therefore, he would continue to strive to maintain the public trust that has built up in Bitcoin over the years rather than withdrawing his Bitcoin.

[zasad@]

In my opinion, Satoshi cannot withdraw all of his Bitcoin because he would put his beloved child (Bitcoin) at risk. I mean the risk in terms of a price drop, and I don't mean, of course, an existential risk to Bitcoin.

This possibility is unacceptable for several reasons. First, Satoshi knows that if he sells all of his Bitcoin, it will lead to a significant price drop. Second, if he wants to convert it to cash (which goes against Satoshi's principles), he could jeopardize his privacy and reveal his identity.

If Satoshi wanted to sell his Bitcoin, he would sell it off the market in batches to avoid affecting the price and jeopardizing his privacy, although I suspect he wouldn't.

I would ask the question differently: who will let Satoshi do this if he is still alive?
https://intel.arkm.com/explorer/entity/satoshi-nakamoto
This is a very huge amount, and if Satoshi decides to sell something for a large amount, then a real hunt will begin for him.
BlackRock will soon surpass Satoshi in terms of the number of bitcoins it holds. Are you afraid of this too?

[yhiaali3]

~

I would ask the question differently: who will let Satoshi do this if he is still alive?
https://intel.arkm.com/explorer/entity/satoshi-nakamoto
This is a very huge amount, and if Satoshi decides to sell something for a large amount, then a real hunt will begin for him.
BlackRock will soon surpass Satoshi in terms of the number of bitcoins it holds. Are you afraid of this too?

You're right. Of course no one knows yet whether Satoshi is alive or not, and such transactions not only put his privacy at risk but could also put his life at risk.

As for BlackRock, I'm not afraid of it surpassing Satoshi in the number of bitcoins it owns, because BlackRock is primarily a profit-making company. Although it doesn't care about Bitcoin as a concept but it does care about profit. Therefore, it won't sell its bitcoins all at once, so as not to affect the price.

[tiCeR]

I don't think Satoshi himself would do something so stupid, especially if he continues to hold Bitcoin, he will become one of the richest people in the world in the future. I saw a very recent report where Satoshi is overtaking Bill Gates to become the 12th richest person in the world. If Bitcoin hits the $1 million milestone in the not-so-distant future, then it can be said that Satoshi will be the world's number one richest person. So if Satoshi were alive, he would never do this stupid thing because withdrawing his Bitcoin would really affect the value of his Bitcoin and that could have a negative impact.

How do you know that he is holding BTC, and not anymore able to access it? How do you know Satoshi is a man? How do you know Satoshi is a person? How do you know that Satoshi will overtake Bill Gates when actually Satoshi is 25 people and they have to share it, assuming they do not act as a conglomerate? How do you know Satoshi aims at becoming the richest person in the world? How do you know Satoshi can die if Satoshi is a project and not a single human being? How do you know that Satoshi is not 95 years of age and feels the desire to use some cash to live the best life in the last years? How do you know that withdrawing BTC from Satoshi wallets "would really affect the value of his Bitcoin"? I picked your post, but there are so many unfounded assumptions to be found in this thread. The list of questions could be 10 times as long.

Above all, if you were Satoshi, you would never touch your coins? Do I understand this correctly? You would never ever because it would be stupid?