Satoshi controlling 500'000 BTC

[jkoin]

Perhaps you are right, it can be a problem if a group of people or Satoshi himself decide to bring these bitcoins into the market. But it seems to me too early for this event. Such turns are needed for a large coup in the crypto industry. If it does, it will happen only after 3-5 years, not earlier.

[Lumen111]

In the cost of bitcoin, there is already a risk of entering the market 1mln.

[jekjekman]

Thanks for your answer,

i just watched The Bitcoin Gospel and Roger Ver said that Satoshi is probably controlling 500'000 BTC. If all the world will be adopting bitcoin he can actually control a lot, not just bitcoins at this time. I mean, that's something to think about.

It is possibly true that Satoshi control so many bitcoin because he who mined bitcoin at the first year. Many coins developers do so. When they launch new coins, they have premined the coin before other miners. It is common situation. The question is Who is Satoshi Nakamoto? is he a person, a group or a ghost? Until now there is no fixed answer who Satoshi Nakamoto is.

Even if a single person holds that huge amount coins he will not release that coin.

It is really possible that the developers have their own chunk of the coin but why are you going to ruin something
that you created specially if you know that it has a brighter future.

It's true that there were only several people who was involved in the development. Well as always the early bird always catch the worm.

If you know how to do it, you can read conversation between Satoshi Nakamoto and Hal Finney about bitcoins development and even mining as early as 2010 on this forum.

[tranle789]

No one can know how many Bitcoins are created because the creator may have kept a lot of Bitcoins and we can not know where he is. I think people should believe that he can appear anytime because if he comes there will surely be a boom in the Bitcoin market.

[yishak]

Having 500,000 Bitcoins sure is a lot but satoshi is not the only one who could own such amount of bitcoin, any early adopter of bitcoin could have 500k bitcoins. During the early days of bitcoin 500k bitcoins was worth around 1000USD , so its possible that not even satoshi but any one could have that much btc.

[okissabam]

It would be a huge problem if someone would hold that amount of bitcoin for control, seems like the government trying to control the supply of money running around. But if ever Satoshi Nakamoto is indeed holding that huge amount now then we really can't do anything about it if he wants to control bitcoin because he created it in the first place.

[DRVX]

Having 500,000 Bitcoins sure is a lot but satoshi is not the only one who could own such amount of bitcoin, any early adopter of bitcoin could have 500k bitcoins. During the early days of bitcoin 500k bitcoins was worth around 1000USD , so its possible that not even satoshi but any one could have that much btc.

But they will for surely sell it on price 10$ or 100$. But to hold it till 5000$ it is crazy.

[Nomad88]

Satoshi is holding huge amount of coins, but I don't see that as a risk fork Bitcoin. There is a lot which we don't know about that story. It might not even be a one person. If he is, i don't believe that he will ever spend those coins. We have not heard anything from him for several years, which means he might not even be alive anymore. One thing for sure, he would never do something that would damage Bitcoin.

[Hazaki]

These are false infos about satooshi who is known as " bitcoin's creator" . In fact a list containing the 10 wallets having the biggest bitcoin reserves have been published lately and the biggest one held a bit more than 158k bitcoins.

[stompix]

Thanks for your answer,

i just watched The Bitcoin Gospel and Roger Ver said that Satoshi is probably controlling 500'000 BTC. If all the world will be adopting bitcoin he can actually control a lot, not just bitcoins at this time. I mean, that's something to think about.

It is possibly true that Satoshi control so many bitcoin because he who mined bitcoin at the first year. Many coins developers do so. When they launch new coins, they have premined the coin before other miners. It is common situation. The question is Who is Satoshi Nakamoto? is he a person, a group or a ghost? Until now there is no fixed answer who Satoshi Nakamoto is.

bitcoin was not premined.
Everyone was free to mine alongside satoshi but it took  lot of time to get people convinced to join.

Premined shitcoins are made like that from the start.

These are false infos about satooshi who is known as " bitcoin's creator" . In fact a list containing the 10 wallets having the biggest bitcoin reserves have been published lately and the biggest one held a bit more than 158k bitcoins.

10 000 addresses with 50 btc are worth more than a single one with 150k.

No one can know how many Bitcoins are created because the creator may have kept a lot of Bitcoins and we can not know where he is. I think people should believe that he can appear anytime because if he comes there will surely be a boom in the Bitcoin market.

Everybody knows how many bitcoins are created.
Back to the newbie section with you .

[EUROPEANTURK]

It is not surprise for me , when i look at trading movements i can see someone control to bitcoin's price and i can see someone stop price drop or i can see someone stop fast price rice , the person can be Satoshi .

[bob123]

No, bro. Satoshi controls more than 1 millions bitcoin and they spread in around 100-200 addresses. Well, He is the father of bitcoin and therefore, I believe that he will never do such thing that can harm bitcoin such as selling all bitcoin at a time. Therefore, there is nothing you need to worry in this case. maybe he is holding it like a gift or something like that

I think even if he started to move 1 small satoshi from his (watched) addresses.. this will harm the market pretty strong.
I think the best would be if those coins would never be touched by anyone.
If all of those coins would be put on an exchange the price would immediately drop (extremely).

[blockman]

It's a problem when there will be a certain group that controls totally a lot of bitcoin because they can just simply manipulate the market. But having 500,000 BTC I don't know if he/they are totally holding that much of bitcoin because if I were the one to have those bitcoins I'm going to be freaking crazy and will just watch the price of bitcoin increase and later on will just sell maybe 1% of it just for having fun. It's a problem because they have the advantage of it and while us, small time traders will just go with the flow.

[SimonJones]

Satoshi will soon become the first trillionaire - faster than Bill Gates!

[maku]

1. It is really hard to estimate how many coins Satoshi owns. Many people believe that it is around 1 million to 1,7 million of BTC.
2. So far he/she/they haven't moved the oldest coins and we never registered an attempt to sell/exchange these coins.
3. In case Satoshi or whoever who will get access to his stash will try to sell these coins the market will most likely react allergically and the price will crash.
4. Even if that would happen, we will recover after some time, as people will most likely repurchase all Satoshi's coins.

[DRVX]

Satoshi will soon become the first trillionaire - faster than Bill Gates!

Hahaha. He will just sell bitcoins slowly, so nobody will know what is happening.

1. It is really hard to estimate how many coins Satoshi owns. Many people believe that it is around 1 million to 1,7 million of BTC.
2. So far he/she/they haven't moved the oldest coins and we never registered an attempt to sell/exchange these coins.
3. In case Satoshi or whoever who will get access to his stash will try to sell these coins the market will most likely react allergically and the price will crash.
4. Even if that would happen, we will recover after some time, as people will most likely repurchase all Satoshi's coins.

Yes you are writing interesting things! Price will dumping, but still this will not kill bitcoin! Just for 1-2 or maybe 3 years it will cheap bitcoin price. But nothign will happen with perfect algorytm of bitcoin!

[AverageGlabella]

Having 500,000 Bitcoins sure is a lot but satoshi is not the only one who could own such amount of bitcoin, any early adopter of bitcoin could have 500k bitcoins. During the early days of bitcoin 500k bitcoins was worth around 1000USD , so its possible that not even satoshi but any one could have that much btc.

There isn't too many wallets which own that amount. thats literally like 5% of bitcoin

[G2z_Riya]

He has innovated it and so I don't find anything bad on his control over 500000 btc. In reality this doesn't look to be an acceptable information, already he himself is hidden, which is to avoid issues that governments arise against him, because lot of banks went into loss after the innovation of bitcoin.

[neo444]

I think without satoshis is very difficult to find faucets of bitcoin and very difficult to find sites who can win with it bitcoin

[13abyknight]

Hi guys,

what do you think about Satoshi controlling 1/20th of all Bitcoins?

I don't care if Satoshi is a real person or not, but if it's true, I think it's a problem if a group o people can controlling so much money.

Take care
F

This isn't the case of Ethereum where the lead developer Vitalik Buterin is holding over 500k+ Ether which has been mostly confirmed. Satoshi is believed to be holding around 5.7% of the circulating supply of Bitcoin which makes him a billionaire by itself but I'm sure even he wouldn't have predicted Bitcoin to rise this much and yeah since he's been MIA ever since, all of the money is literally lying on a wallet over there so it doesn't make much of a difference unless it becomes diluted into the market.