naeemyolo (OP)
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June 10, 2018, 06:46:54 PM |
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What if Satoshi Nakamoto comes back and moves his all bitcoins onto a exchange and puts them up for sale?
Would that crash the whole market?
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gantez
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June 10, 2018, 07:21:08 PM |
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Looking at the effect of dumping of coins in the market to how it drops prices, that is likely to happen too because nothing will be different whether satoshi or someone else but as usually, the market will recover and satoshi will perhaps be left "crying" if he didn't invest the proceed of the sale very well while the new whales will be smiling and continue the manipulation.  |
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Cult
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Enter the future of gaming
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June 10, 2018, 08:03:09 PM |
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It's highly unlikely to happen. Bitcoin was created as an ideological thing with ambition to replace fiat money. Dumping Satoshi's btc would be like father killing his own son.
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pixie85
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June 10, 2018, 08:05:41 PM |
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What if Satoshi Nakamoto comes back and moves his all bitcoins onto a exchange and puts them up for sale?
Would that crash the whole market?
It would but remember that there are buyers willing to take Satoshi's coins. If Bitcoin went up without his coins, it would be able to do the same with his coins on the market. It would only take more time. Coins are disappearing because people are losing them so Satoshi's coins would in circulation would be a good thing in the long run. |
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bobitza
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June 10, 2018, 08:23:48 PM |
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What if Satoshi Nakamoto comes back and moves his all bitcoins onto a exchange and puts them up for sale?
Would that crash the whole market?
This is a scary thought. And it is crazy to believe that nakamoto satoshi is someone. It's just a name, and it's not real, it could even be someone. All is just conjecture, do not worry about it. |
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Marlo Stanfield
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June 10, 2018, 08:28:06 PM |
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What if Satoshi Nakamoto comes back and moves his all bitcoins onto a exchange and puts them up for sale?
Would that crash the whole market?
It is one of the big hanging knives over the market, and always has been. Now as much as I myself, and probably most others believe that it's not going to happen, it's not like we can say that for sure. And when it comes up in conversation and people learn that the creator has been sitting on an estimated fortune of 1 million BTC or so, it's hard to make an honest argument as to why that's not a pretty horrible situation to be in. You can tell them 'you have a good feeling' that they'll never get dumped, but a lot of people aren't going to share that optimism. |
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cynical
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June 10, 2018, 08:38:31 PM |
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It would have a very big effect on the markets but it would be temporary,
The markets would bounce back as there would be a rush to buy very cheap coins.
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nursarjani
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June 11, 2018, 01:06:27 AM |
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Yes, this is a frightening thought, if it happens market bitcoin will be completely destroyed, but I personally hope this will not happen. we do not know who actually created bitcoin.
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gogrowglow
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June 11, 2018, 01:20:39 AM |
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Yes, a frightening thought though but I think it wont happened because we do not know for sure who is Nakamoto Satoshi, is he real or just a fruit of an imagination. Anyway, coins are disappearing because people are losing them so Satoshi's coins would in circulation would be a good thing in the long run. It would have a very big effect on the markets but it would be temporary, the market would bounce back as there would be a rush to buy very cheap coins.
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Fatanut
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June 11, 2018, 08:14:43 AM |
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What if Satoshi Nakamoto comes back and moves his all bitcoins onto a exchange and puts them up for sale?
Would that crash the whole market?
This is totally possible and this is not necessarily a bad thing. It will indeed crash the whole market. The price will keep going down as long as there are more and more buy orders. This will totally shuffle the economy of bitcoin since there will be people possessing even more bitcoins while there will be people buying at a really low price. Some people would have more bitcoins than other people when they have spent the same amount of fiat money. This is good in the way that the possession of bitcoins will be more scattered. It will not belong to a single person, Satoshi, and others will also be given a chance to buy at a lower price. It's like a second chance to buy bitcoin cheap. It will really shake the economy. Some will be panic selling and end up with loss while some will be making a lot of bitcoins from the dump. It's going to crash but that doesn't mean the price of bitcoin will stay that low forever. Some might even start investing in bitcoin since the possibility that Satoshi dumping his bitcoins at once has already happened and will not happen again. |
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SuperD007
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Treat People How You Would Like To Be Treated.
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June 11, 2018, 08:24:43 AM |
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Perhaps, Satoshi kept his BTC intact as a fail safe / kill switch Should the financial elite dig their filthy paws into BTC like they are already attempting to do so or should their be any risk of a 51% attack by a few mining pools collaborating, or if a small group of people end up holding the majority of BTC then Satoshi will hit the "kill switch" and sell of his BTC to create a price plummet. Just a theory  |
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AshikurRahmanKhan16
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June 11, 2018, 08:31:00 AM |
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It's a scary thought which will never happen! Because Satoshi Nakamoto was the inventor of Bitcoin! And no one knows who is he! Besides this Without him, at this moment, many whales have lots of bitcoin, Who holds them for a long term. So, I don't think the market will crash if your scary thought becomes real |
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Raypok
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June 11, 2018, 09:16:34 AM |
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Doesn't have to be a bad thing, I’d rather have 1000 people buy a big dump from one big whale then the other way around. But the main question remains does Satoshi Nakamoto truly exists and if yes does he still hold such a big portion BTC? And if so….will he breakdown his own created market? Anyhow don’t be scared….there are worse things to be scared about.. like war, natural disasters, epidemics etc
With regards
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talkbitcoin
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All I know is that I know nothing.
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June 11, 2018, 09:35:42 AM |
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it is a scary thought only for those who don't know what bitcoin is and think of bitcoin as a way to make money quick and become rich which is why they are always concerned about the price and come up with these "scary thoughts" in first place.
it is not about price and it has never been about it. and someone like Satoshi is never going to do what OP says. even if a sale happens it will be a much smaller one from an address that nobody knows.
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Kotone
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June 11, 2018, 09:46:05 AM |
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What if Satoshi Nakamoto comes back and moves his all bitcoins onto a exchange and puts them up for sale?
Would that crash the whole market?
I don’t think that is possible not only is it highly unlikely that the creator of Bitcoin be doing that but it is also impossible to crash the whole market as it has already put a stranglehold on the economics of the world. Grabted that it has only scratched but a surface of the financial sectors of the corners of this world but it is still a foot at the door and the only thing that it can be crashed is if that door is closed forcefully by the governments of this world |
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Ronyx
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June 11, 2018, 02:16:05 PM |
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What if Satoshi Nakamoto comes back and moves his all bitcoins onto a exchange and puts them up for sale?
Would that crash the whole market?
Very frightening to think about, but it will never happen because Satoshi will never kill his creation. Eliminate your frightening thoughts and replace them with pleasant, positive thoughts. |
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NCGreturns
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June 11, 2018, 05:39:12 PM |
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Why would this be scary? There is already futures and shorting - way more BTC available to suppress price than Satoshis stack...
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fabiorem
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June 11, 2018, 06:12:08 PM |
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He is dead. He committed suicide.
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foxbat
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June 11, 2018, 06:51:32 PM |
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He is dead. He committed suicide.
It's crazy when you say that he committed suicide. I do not know who he is, but he can be someone, a group, an organization, and they are really talented. He brings a great technology to the world! |
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BitcoinNewbie15
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Bitcoin isn't a bubble. It's the pin!
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June 11, 2018, 07:11:30 PM |
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What if Satoshi Nakamoto comes back and moves his all bitcoins onto a exchange and puts them up for sale?
Would that crash the whole market?
Bitcoin is Satoshi's brainchild. His brainchild went from being literally worthless, to be being worth $130 Billion. He essentially bootstrapped a currency out of nothing. If he didn't come back and move his coins to sell them at $19,000, what makes you think he would sell them now? Him coming back and selling his coins would essentially be him coming back to kill his brainchild that he worked so very hard to create. Satoshi was a Libertarian and that would be in stark contrast to his beliefs. Worrying about Satoshi coming back and selling his coins is pointless. Had Satoshi sold at $19k he would have been one of the richest people in America and he resisted selling/moving the coins. This shows that he cares more about Bitcoin than his own personal wealth. I think its safe to say that all those Bitcoin are permanently out of circulation, which is great! |
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