Let's say satoshi is cashing out 1million BTC

[boopy265420]

He has already sold his coins back in early 2011 when the price were 31$ per btc. He dumped it to 1$ . I don't think Satoshi anymore owns any significant number of bitcoins. He didn't imagine that bitcoin will become the biggest invention of the last 500 years.

[ranochigo]

He has already sold his coins back in early 2011 when the price were 31$ per btc. He dumped it to 1$ . I don't think Satoshi anymore owns any significant number of bitcoins. He didn't imagine that bitcoin will become the biggest invention of the last 500 years.

That wasn't satoshi. That was done by a hacker trying to bypass the withdrawal limits of hacked accounts in mt. gox[1]. Most of the addresses he mined on remained untouched intentionally except the gensis block which he can't spend.

[1] http://en.wikipedia.org/wiki/Mt._Gox#2011

[Sithara007]

I thought it would never happen, if it really happened means he destroy what has been during this time he fought

I very much doubt it will ever happen, did you even read the OP, it's doesn't say he has sold it basically says 'what if' he sells. 

Yes. it seems that no one actually read the OP. Anyway I almost got heart attack after reading the thread heading. Thought it will just crash the market.

[boopy265420]

He has already sold his coins back in early 2011 when the price were 31$ per btc. He dumped it to 1$ . I don't think Satoshi anymore owns any significant number of bitcoins. He didn't imagine that bitcoin will become the biggest invention of the last 500 years.

That wasn't satoshi. That was done by a hacker trying to bypass the withdrawal limits of hacked accounts in mt. gox[1]. Most of the addresses he mined on remained untouched intentionally except the gensis block which he can't spend.

[1] http://en.wikipedia.org/wiki/Mt._Gox#2011

That's nice to read from this link. I really didn't know about that before today. What I had heard is that Satoshi dumped those but now it is clear and thanks for correction . I would say things are more clear now.
Bitcoin now has been adopted largely so these ups and downs in prices would be seen often just like other things listed in markets.

[josef2000]

Satoshi created it. He made all this possible, so shouldnt there be an award for him? Other people made money out of Bitcoin, why shouldnt he?
I think Satoshi owning some btc worth millions isnt anyhow bad

[ashour]

He is probably dumping as we speak, but we can't know. He would probably dump small amounts of coins to not get attention from media and etc. Another scenario is that he has lost the private keys of the addresses and is crying himself to sleep 

[amaclin]

I can do the escrow. If he finds a buyer.

I can be a buyer. If you find him.  

[ashour]

I thought it would never happen, if it really happened means he destroy what has been during this time he fought

I think that if he sold coins he wouldn't sell them all, he would probably sell enough to be able to live from it. He can't just dump $2 million worth of bitcoin and deposit it on his bank account, the feds wold be all over him. He probably waits patiently to see bitcoin grow and be more accepted.

[srgkrgkj]

I doubt Satoshi has/have even retained acces to their wallets as many doubt he/she/they have got private keys anymore but if Satoshi is cashing out bad timing they could have made more profit earlier or were they making profit then anyway ?

[btc-facebook]

Will be glad to know bitcoin earlier  
I think Satoshi can conqueor some country or buying island  . He's the creator and he's just don't realize his creation become a millionaire.
He will more richer if he was cash out on end 2013 (the highest price point)

[ashour]

Satoshi created it. He made all this possible, so shouldnt there be an award for him? Other people made money out of Bitcoin, why shouldnt he?
I think Satoshi owning some btc worth millions isnt anyhow bad

I agree, satoshi deserves the biggest piece of the pie. After all he created the popular crypto currency on the planet, he deserves to earn  something and that is the 1 million bitcoins.

[johnyj]

This is similar to central banks around the world cashing out 1000 tons of gold, that will crash the gold price to single digits or even cents and does not give them any benefit financially

Holding large amount of asset reserve have many benefits, Satoshi surely understand this

[bitllionaire]

I think that basically there is not enough depth market for that huge amount of bitcoin
But he could create an auction and he would probably sell them.

Just disgressing,nobody has 1million bitcoin, not even satoshi

[cellard]

He has already sold his coins back in early 2011 when the price were 31$ per btc. He dumped it to 1$ . I don't think Satoshi anymore owns any significant number of bitcoins. He didn't imagine that bitcoin will become the biggest invention of the last 500 years.

That wasn't satoshi. That was done by a hacker trying to bypass the withdrawal limits of hacked accounts in mt. gox[1]. Most of the addresses he mined on remained untouched intentionally except the gensis block which he can't spend.

[1] http://en.wikipedia.org/wiki/Mt._Gox#2011

That's nice to read from this link. I really didn't know about that before today. What I had heard is that Satoshi dumped those but now it is clear and thanks for correction . I would say things are more clear now.
Bitcoin now has been adopted largely so these ups and downs in prices would be seen often just like other things listed in markets.

Was not satoshi, im sure satoshi has sold some for obvious reasons, is just sane to diversify. But that does not mean nothing. His big stack is still on BTC.

[cozk]

Lets say i did not read OP's retarded post.

What now ?

[randy8777]

I think that basically there is not enough depth market for that huge amount of bitcoin
But he could create an auction and he would probably sell them.

Just disgressing,nobody has 1million bitcoin, not even satoshi

people like to think he has 1 million bitcoin as that is super exciting. satoshi could have dumped his coins at much better price ranges. but then again, i don't believe he has as it would make him less anonymous.

[Sithara007]

I think that basically there is not enough depth market for that huge amount of bitcoin
But he could create an auction and he would probably sell them.

Just disgressing,nobody has 1million bitcoin, not even satoshi

people like to think he has 1 million bitcoin as that is super exciting. satoshi could have dumped his coins at much better price ranges. but then again, i don't believe he has as it would make him less anonymous.

No one is sure how many Bitcoin he might be having but he has created it not for public service. But does anyone have any idea what is the total number of Bitcoin present right now all over the world?

[AGD]

https://bitslog.wordpress.com/2013/04/17/the-well-deserved-fortune-of-satoshi-nakamoto/

[crazyivan]

You want to do it in a relative short period of time, so no cashing out slowly in 5 years version.

Why?

Cashing in a short period of time would crush the price and he would effectively lose money. Cashing over longer period of time would allow him to get more FIAT for his coins.

[Kprawn]

This is how I will do it :

1. I would identify say 30 000 "poor" people and true Bitcoiners and give them some coins. {This will keep the NSA or whoever is tracking me, busy for a long time....}
2. I will also split those coins into smaller amounts... and start to mix. 
3. I will fund my travelling expenses from the first batch of mix coins. {Staying on the go, paying for everything in fiat}
4. I will not convert huge amounts of coins in one go... it will hurt the price too much.
5. I will then "create" my own mixing software {remember, we are dealing with a skilled individual here} and then mix the remaining coins and then destroy the evidence. {Logs}
6. Once these coins are broken up, I will slowly extract small amounts from different locations around the world.

When I have travelled the world and I helped all my friends and contributed to the need of the poor. {Paying it forward} ... I will die in peace, in a bed on a island, with a grin on my face.