evergreendog (OP)
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September 05, 2018, 12:50:41 PM |
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Supposedly Satoshi holds over 1 million bitcoins, do you guys think he will ever end up selling his stash off? At one point he was worth over 20 billion dollars and at current prices he is worth over 7 billion dollars which is a staggering amount.
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First77
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September 05, 2018, 12:54:05 PM |
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Bitcoin creator Nakamoto Satoshi could be worth $20 billion in bitcoins. He will sell 2,000,000 Bitcoins and buy $5,000,000,000 worth of Gold. He will get 20% profit every year from safest investment because Gold is going to $2500/ounce. Nakamoto Satoshi's new stash could be this
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KeepupSlim
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September 05, 2018, 12:59:32 PM |
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He should've sold at least some of them in december 2017, selling them now wouldn't be as profitable. If he infact wants to sell all his BTC I think he will wait for a bigger price.
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bob123
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September 05, 2018, 01:07:33 PM |
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He should've sold at least some of them in december 2017, selling them now wouldn't be as profitable. If he infact wants to sell all his BTC I think he will wait for a bigger price
It is said that satoshi holds around 700k BTC. Currently, that's about 4,883,000,000 USD. I think that would be enough money. Wouldn't be that necessary to cash out 14,000,000,000 USD (@ 20k USD per BTC). Besides the fact that he could never cash out that sum, thats more money than anyone could spend. Even at today's rate which isn't 'as profitable'. Additionally it is not known whether 1) satoshi still lives and 2) still has access to the private keys. I doubt they will move ever again.
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1Referee
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September 05, 2018, 01:15:01 PM |
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Satoshi's coins won't ever be sold for fiat. They'll probably be used to practice force over development by simply using these coins as a vote. Right now it might not seem like much of a danger, but eventually it could be. Bitcoin is pretty much guaranteed to keep going up, so selling coins or potential elitist domination by having a majority share is not a difficult choice.
Why won't Satoshi ever sell his coins to fiat? Because that's a straight single point of failure and a clear signal to all governments that they at least have a clue about where to find him. I'm pretty sure governments are out to seize every single one of his private keys if they find him. For his own sake, and more importantly, for the sake of Bitcoin, these coins should never change owner in any shape or form.
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mk4
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September 05, 2018, 01:16:10 PM |
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Will Satoshi sell it? No one knows. We shouldn't care about it in the first place. It's his/her/they're bitcoins, so Satoshi can do whatever he/she/they wants with it. If there's someone in the cryptocurrency space that deserves a massive fortune, it's definitely Satoshi. Why won't Satoshi ever sell his coins to fiat? Because that's a straight single point of failure and a clear signal to all governments that they at least have a clue about where to find him. I'm pretty sure governments are out to seize every single one of his private keys if they find him. For his own sake, and more importantly, for the sake of Bitcoin, these coins should never change owner in any shape or form.
Also this. Satoshi's anonymity would be pointless as selling even 1 sat would publicize Satoshi's identity one way or another.
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Findingnemo
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September 05, 2018, 01:19:35 PM |
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Supposedly Satoshi holds over 1 million bitcoins, do you guys think he will ever end up selling his stash off? At one point he was worth over 20 billion dollars and at current prices he is worth over 7 billion dollars which is a staggering amount.
But we need to find out that Satoshi is still alive? Because he has not came online since 2010 and his wallets were untouched from that so we can't sure about his living.But if he living somewhere he won't sell his bitcoins because it will make the bitcoin will become unworthy since the creator even sold that.
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Sultanar484
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September 05, 2018, 01:27:22 PM |
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I don't know if Satoshi holds 1M Bitcoins or not. This is Satoshi's decision that whether he/she will sell or hold forever We don't know about it.
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drm
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September 05, 2018, 01:29:15 PM |
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Supposedly Satoshi holds over 1 million bitcoins, do you guys think he will ever end up selling his stash off? At one point he was worth over 20 billion dollars and at current prices he is worth over 7 billion dollars which is a staggering amount.
If anything he should have sold at 20k, which he would have done if he was in it for the money.
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Sutters Mill
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September 05, 2018, 01:56:19 PM |
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Supposedly Satoshi holds over 1 million bitcoins, do you guys think he will ever end up selling his stash off? At one point he was worth over 20 billion dollars and at current prices he is worth over 7 billion dollars which is a staggering amount.
Asking whether satoshi will ever sell his coins is like asking if Jesus will come back from the dead. Nobody can say for sure, but probably not . I think if satoshi was ever going to sell his coins then he would have likely already done so by now, or maybe he's just the worlds longest bitcoin hodler? . I think satoshi is either dead, lost access to his coins, or maybe just purposely abandoned them to make it fairer. If he does ever come back though I hope he's wise and fair enough not to just dump them all and sell them off slowly and bit by bit as to not cause a panic. Probaby best for everyone of they just remain dormant however.
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betty12
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September 05, 2018, 01:59:30 PM |
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I doubt he's going to do that, he care less about been rich than making the society a better world. But if he does actually sell off his holding, that will be a a lot of money. Investing it in gold wouldn't be bad but keeping it in bitcoin will still be better.
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nicko122
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September 05, 2018, 02:03:14 PM |
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If Satoshi really exists, I think he has no problems with bitcoins. He can sell them as much as he likes. But no one knows if he really exists. It would be interesting to get acquainted with such a person.
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Sutters Mill
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September 05, 2018, 02:10:44 PM |
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If Satoshi really exists, I think he has no problems with bitcoins. He can sell them as much as he likes. But no one knows if he really exists. It would be interesting to get acquainted with such a person.
That's not really the question here, but of course "he" exists. Who do you think created bitcoin? Magical bitcoin elves or the technology evolved out of nothing? Maybe AI or aliens created it? Satoshi might be a single person or a group, but he or they definitely existed. Personally I think it was probably one guy but that's just my opinion.
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Samarkand
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September 05, 2018, 02:19:24 PM |
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I doubt that it would even be a problem at this point if Satoshi were to sell his coins. In my opinion a smart investor would scoop up the BTC just like it happened with all these government auctions.
Of course it might lower the price temporarily, but in the long-term it doesn´t really matter at all.
Having said that, I still think that Satoshi is gone for good and we will never see a movement of these early coins.
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Gozie51
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September 05, 2018, 02:21:12 PM |
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He should've sold at least some of them in december 2017
Does he also have the ability to see the future? I mean, who would have known that price will deep this way. At that ATH in December, so many people bought then and are yet to see price come that high since that time
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geminiboy
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September 05, 2018, 02:26:57 PM |
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I often think, how important is this secret to be disclosed? I don't think it needs to be solved, this discussion only makes a doubt for crypto beginners, they must be afraid that bitcoin will run out of value
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livingfree
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September 05, 2018, 02:34:41 PM |
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We can't be sure of it and no one can tell you us if satoshi is going to dump his bitcoins. We don't even know if he will show up someday or he's not with us anymore. He's really portraying the character of his creation and we can't even know if he's only one or its a team that worked hard to create bitcoin. If ever he dumps, there will be a lot of investors that will panic but the true crypto and bitcoin investors will buy those dumped bitcoins.
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Winto
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September 05, 2018, 02:35:21 PM |
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I dont think he will ever reveal himself
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Winto.io | Private Sale at $0.01 Global Charity Related Project Transparent & Accountable Team
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shendy
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September 05, 2018, 02:41:29 PM |
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Unfortunately, he remains anonymous, still hiding his identity, I don't think he will sell his bitcoin, but he will keep him until many people will mine, so his mission is achieved.
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Tipsters
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September 05, 2018, 02:45:05 PM |
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Supposedly Satoshi holds over 1 million bitcoins, do you guys think he will ever end up selling his stash off? At one point he was worth over 20 billion dollars and at current prices he is worth over 7 billion dollars which is a staggering amount.
The greatest plan I know that he will do is that he will sell bitcoin in accordance to the bubble of this year. Why I think about is that because his networth will truly rise significantly when bitcoin pumps in an extraordinary way. To that end, we must all aim what Satoshi have so that we can also have the maximum amount of profit we could have in our entire lives.
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