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Author Topic: Can It Really Happen?  (Read 3063 times)
Amph
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June 11, 2017, 05:40:29 AM
 #61

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

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
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June 11, 2017, 06:50:00 AM
 #62

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?
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June 11, 2017, 07:27:49 AM
 #63

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.

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.

But at the same time is the current market enough to absorb that amount of bitcoin without any shaking?

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.

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June 11, 2017, 07:39:55 AM
 #64

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?
Yes .Bitcoin market will be fallen.1 million bitcoin is huge amount of bitcoin. If he sell all of his coin in one time, the effect will be decrease the rate of bitcoin.

It won't happen, not ever!

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June 11, 2017, 07:44:37 AM
 #65

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.

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June 11, 2017, 08:57:18 AM
 #66

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?

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.














 

 

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mustyoshi
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June 11, 2017, 09:10:37 AM
 #67

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?

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.
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June 11, 2017, 09:19:22 AM
 #68

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!

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June 11, 2017, 07:51:52 PM
 #69

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?

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.

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)

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

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

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June 11, 2017, 08:01:12 PM
 #70

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?

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.

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June 11, 2017, 08:07:15 PM
 #71

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.

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June 11, 2017, 08:07:50 PM
 #72

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.
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.

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Omega Weapon
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June 15, 2017, 02:46:26 AM
 #73

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?
Yes .Bitcoin market will be fallen.1 million bitcoin is huge amount of bitcoin. If he sell all of his coin in one time, the effect will be decrease the rate of bitcoin.
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.

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groko271
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June 15, 2017, 03:00:41 AM
 #74

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?
Yes .Bitcoin market will be fallen.1 million bitcoin is huge amount of bitcoin. If he sell all of his coin in one time, the effect will be decrease the rate of bitcoin.
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.

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June 15, 2017, 03:11:46 AM
 #75

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?

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? 



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stompix
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June 15, 2017, 04:10:48 AM
 #76

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

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


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June 15, 2017, 05:15:00 AM
 #77

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.
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June 15, 2017, 05:50:12 AM
 #78

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

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June 15, 2017, 06:29:23 AM
 #79

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.
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June 15, 2017, 11:29:46 AM
 #80

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.

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