Satoshi Nakamato selling 111000 Bitcoins ?

[First77]

Bitcoin community members continue to piece together the story behind a huge wallet containing over 111,000 BTC ($802 million) — which suddenly became active after over four years.

https://bitcoinist.com

Bitcoin creator "Satoshi Nakamato" has some 5,000,000 bitcoins ??

[judeafante]

Bitcoin community members continue to piece together the story behind a huge wallet containing over 111,000 BTC ($802 million) — which suddenly became active after over four years.

https://bitcoinist.com

Bitcoin creator "Satoshi Nakamato" has some 5,000,000 bitcoins ??

The article did not state that the wallet belongs to Nakamoto and it is still under investigation and they do not have a concrete evidence that Nakamoto indeed owns that wallet, we never know but maybe it is under one whale in the past who suddenly have a need to sell his shares it is still under investigation.

[First77]

The article did not state that the wallet belongs to Nakamoto and it is still under investigation and they do not have a concrete evidence that Nakamoto indeed owns that wallet, we never know but maybe it is under one whale in the past who suddenly have a need to sell his shares it is still under investigation.

who has 500,000 or more Bitcoins ??

[cedrixperez]

I don't know if it is true cause I've heard that the news was fake. if someone already have that huge bitcoin holdings why he wasn't release that last year when btc pumps. but I don't know if what is the real truth this case is still under investigation.

[mk4]

The article did not state that the wallet belongs to Nakamoto and it is still under investigation and they do not have a concrete evidence that Nakamoto indeed owns that wallet, we never know but maybe it is under one whale in the past who suddenly have a need to sell his shares it is still under investigation.

who has 500,000 or more Bitcoins ??

Might want to take a look at the bitcoin richlist instead. Wallets that holds the biggest amounts of bitcoin are the exchanges, which is to be expected: https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

[Phan Long]

This is probably a fake news, not authentic. There is no evidence that Satoshi owns a wallet, which is confidential and has no basis. Also Satoshi possesses such a large amount of Bitcoin that can not sell it at this time, costing only $ 7000 + will certainly hole huge.

[OgNasty]

The wallet is believed to be tied to Silk Road, not satoshi.

[andohyeb]

111000 Bitcoins in the year 2011 wasn't a big deal to acquire since the price was so damn low and anyone interested in technology would have bought same at that time. I don't think Satoshi is the one that has the account since the article didn't stressed on him.

[nareshrohra]

The wallet could belong to Wunklevoss brothers as well

[enhu]

 The owner must be very happy to have invested to btc since 2011. If i have seen the future just as how it is today I would have bought thousands of btc as well and keep it for years. Its not surprising old wallets are being activiated and sell some of it. Its more surprising if they activate and burned the btc.

[First77]

111000 Bitcoins in the year 2011 wasn't a big deal to acquire since the price was so damn low and anyone interested in technology would have bought same at that time. I don't think Satoshi is the one that has the account since the article didn't stressed on him.

Some 4,000,000 Bitcoins were purchased till 2011 for $50 or $100. Looks like BIG selling time.

[eternalgloom]

It's far more likely that this is something related to the original Silk Road darknet market.
I think someone tracked those addresses to be in connection with the now defunct marketplace for illicit goods.

This is the original Reddit thread: https://www.reddit.com/r/Bitcoin/comments/9ceb5v/1b_bitcoins_on_the_move_owner_transfers_100m_to/

All subsequent articles on news website are basically based on that thread.

Here's an article from Cryptoslate that hints at a possible connection between the wallet and Silk Road:
https://cryptoslate.com/dread-pirate-roberts-whale-wallet-activity-hints-toward-800-million-bitcoin-market-dump/

[BALIK]

That wallet could easily be an exchange address frozen by the police whilst pending investigation. Though more likely it's something to do with the silk road or a huge institutional investor. Let's hope they don't start dumping as that would definitely completely crash the market.

[son14.girl]

a very large number of 5 million BTC. Is that really Satoshi Nakamoto? questions arise attached to the outer wall of my brain. I just want to say thank you to Mr. Satoshi Nakamoto! that's my hope. arigato satoshi nakamoto san!

[Gravityle]

Such amount of Bitcoin being sold might seriously crash the whole market. I truly hope that whoever owns these coins won't sell all coins at once if he even wants to sell them.

[erifubirugen]

I don't think so. And the link don't show the article. Lot's of people disquss that the Mr. Satoshi gone away and many of them says he is dead. So we can't/don't know anything about him anymore. Howmany Bitcoin does he have? The biggest question..

[nussy]

Is not a verified information,  there are been alot of different stories to the information. Some said it belongs to a financial analysis company in China,  some said Satoshi Nakamoto owns it. There are also information that the wallet to the bitcoin cannot be recover. Don't know which stories to believe.

[ralle14]

That wallet could easily be an exchange address frozen by the police whilst pending investigation. Though more likely it's something to do with the silk road or a huge institutional investor. Let's hope they don't start dumping as that would definitely completely crash the market.

Some of the coins were moved to Binance that doesn't have fiat trading pairs. Maybe it's an attempt to pump Bitcoin for now then slowly dump the 11k that was sent to Bitfinex.

Other users on reddit speculate that the moved BTC was traded to an alt like XMR for better privacy and maybe he's the one behind the recent pump on Monero.

Some 4,000,000 Bitcoins were purchased till 2011 for $50 or $100. Looks like BIG selling time.

I remember you already said this on a different thread what if those 4m was dumped months ago or years ago. You really want Bitcoin to go down that bad.

[Balinsayaw]

Maybe someone buying before BTC and takes leave in crypto. Visited it again and making a money on it.
That was a huge money though.

[chezarjuli]

Perhaps it's just someone who was able to find the password to the wallet and it does not mean that he will sell bitcoins , and if he sells it will not break the course !