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fudster
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June 08, 2017, 06:37:20 AM |
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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  |
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Make sure you back up your wallet regularly! Unlike a bank account, nobody can help you if you lose access to your BTC.
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Mike Mayor
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June 10, 2017, 03:55:05 PM |
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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  |
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iram3130
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June 10, 2017, 04:03:08 PM |
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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.
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Lancusters
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June 10, 2017, 04:08:50 PM |
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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.
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CraigWrightBTC
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June 10, 2017, 04:14:37 PM |
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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?
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. |
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Xester
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June 10, 2017, 04:26:59 PM |
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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.
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YuginKadoya
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June 10, 2017, 04:31:03 PM |
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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.
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. |
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GreenBits
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June 10, 2017, 04:31:49 PM |
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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.
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. |
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olushakes
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June 10, 2017, 04:49:16 PM |
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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?
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. |
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MRlong
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June 10, 2017, 04:56:41 PM |
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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.
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 |
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sasaku bitbit
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June 10, 2017, 05:11:39 PM |
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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.
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 |
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michellee
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June 10, 2017, 05:14:32 PM |
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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?
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. |
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Happydd
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June 10, 2017, 05:24:08 PM |
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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?
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. |
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spngebob
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June 10, 2017, 05:24:31 PM |
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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?
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. |
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BossMacko
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June 10, 2017, 05:25:51 PM |
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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.
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deisik
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June 10, 2017, 05:41:24 PM |
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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?
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 |
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Ucy
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June 10, 2017, 06:08:32 PM |
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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.
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SONG GEET
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June 10, 2017, 06:18:53 PM |
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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 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  |
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dmamigo
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June 10, 2017, 06:32:43 PM |
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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.
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monsanto
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..like bright metal on a sullen ground.
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June 10, 2017, 06:34:59 PM |
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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. |
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