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Will Satoshi sell his bitcoins?
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Topic: Will Satoshi sell his bitcoins? (Read 963 times)
raven7886
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Re: Will Satoshi sell his bitcoins?
September 08, 2018, 08:05:11 PM
#81
Quote from: evergreendog on September 05, 2018, 12:50:41 PM
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.
No. If he wanted to he could have sold his coins multiple times already, the prices have went up insanely and the dude is said to have like a million bitcoins and his address is known and his accounts are known, they are all inactive and Satoshi himself last said he is interested in some other project and apparently never became online ever again after that.
Considering this dude created bitcoin all by himself (well maybe got some help) he can certainly create some other huge thing and he probably never again had that money problem. He can also be dead considering his inactivity and not even responding.
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Re: Will Satoshi sell his bitcoins?
September 08, 2018, 08:35:29 PM
#82
Quote from: evergreendog on September 05, 2018, 12:50:41 PM
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 satoshi sell all his coins then the market will drop and altcoins will be the next cryptocurrency that will rule the market so he should not sell all his coins.
adaseb
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Re: Will Satoshi sell his bitcoins?
September 08, 2018, 09:23:12 PM
#83
In my opinion Satoshi might still be alive and he might be slowly selling his coins backwards.
Basically if he sells the BTC that he mined in 2009, then its very easy to track him down and with all the wealth he possesses he might get tracked down, kidnapped, or even some governments might want to have a word with him.
He solo mined most of his coins in 2009, but how do we know if he didn't GPU mine some coins in 2010 with a mining pool which would of made the coins harder to link to him.
Plus we don't know his situation. He could already be a wealthy individual and he doesn't need anymore wealth.
When you got a $1 Billion US dollars, will another $1 Billion really improve your life? Its already more money that most people can spend in a life-time and why attempt and sell those early coins and get possibly tracked?
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holzer
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Re: Will Satoshi sell his bitcoins?
September 09, 2018, 07:42:41 AM
#84
I think Satoshi is probably dead. None of his coins have moved so far.
DonFacundo
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Re: Will Satoshi sell his bitcoins?
September 09, 2018, 07:59:42 AM
#85
who knows, I'm thinking that he is the reason of falling bitcoin price maybe he sold thousands of bitcoins. I'm sure that he still alive and not gonna reveal himself, he just enjoying life right now silently.
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Re: Will Satoshi sell his bitcoins?
September 09, 2018, 08:00:09 AM
#86
i think the probability that satoshi is either dead, or that he destroyed the private keys to his early mined BTC, are high. he acknowledged the implications of mass adoption (extremely high prices), but he seemed genuinely uninterested in making money off BTC.
Quote from: adaseb on September 08, 2018, 09:23:12 PM
In my opinion Satoshi might still be alive and he might be slowly selling his coins backwards.
Basically if he sells the BTC that he mined in 2009, then its very easy to track him down and with all the wealth he possesses he might get tracked down, kidnapped, or even some governments might want to have a word with him.
He solo mined most of his coins in 2009, but how do we know if he didn't GPU mine some coins in 2010 with a mining pool which would of made the coins harder to link to him.
satoshi came off pretty altruistic. given the lack of miners in the early days, why would he have any need to pool mine in 2010? anything is possible, but i sort of doubt that scenario given that he said this:
Quote from: satoshi on December 12, 2009, 05:52:44 PM
We should have a gentleman's agreement to postpone the GPU arms race as long as we can for the good of the network. It's much easer to get new users up to speed if they don't have to worry about GPU drivers and compatibility. It's nice how anyone with just a CPU can compete fairly equally right now.
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lingwistiko
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Re: Will Satoshi sell his bitcoins?
September 10, 2018, 09:42:27 AM
#87
Satoshi had enough and even too much. As the creator of bitcoin, he can be one of the richest men on earth. I assume that if he sell his bitcoin, then that means he don't care for it anymore and maybe he is planning to create something new that's more better than bitcoin too.
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guoyu78
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Re: Will Satoshi sell his bitcoins?
September 10, 2018, 09:58:06 AM
#88
Quote from: evergreendog on September 05, 2018, 12:50:41 PM
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.
Well, who knows? At least if we know who he or they are, we would have been able to ask to know if he is willing to sell or not. One thing for sure is that if this is a real person or a group of people, they would presently be one of the richest people on earth by now if they are to sell the coins.
I do not think there is any intention at all to sell this coins and for what it is, and probably would be kept till when bitcoin becomes a currency largely used for transactions as time goes on.
dewi91
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Re: Will Satoshi sell his bitcoins?
September 10, 2018, 11:42:57 AM
#89
Quote from: Findingnemo on September 05, 2018, 01:19:35 PM
Quote from: evergreendog on September 05, 2018, 12:50:41 PM
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.
Yes I think so, as a bitcoin creator if he still alive of course he Will not sell his bitcoin because if he do that people will assume that is the end of bitcoin, bitcoin price also will decrease significantly and people will follow his step to sell all their bitcoin.
candolbitcoin214
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Re: Will Satoshi sell his bitcoins?
September 10, 2018, 03:30:37 PM
#90
Quote from: evergreendog on September 05, 2018, 12:50:41 PM
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 value of everything in this world is is relatively connect to every persons inner contentment. If and he is that rich and he eventually realizes that his life even how rich he is life still has a limit and upon realizing so possibly he will sell.
jfelix
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Re: Will Satoshi sell his bitcoins?
September 10, 2018, 09:15:08 PM
#91
If Satoshi dumps his coins he will not be able to get billions because the price will go so fast to 0 that he will get stuck with most of the bitcoins with 0 value
pocketfullofpoke
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Re: Will Satoshi sell his bitcoins?
September 11, 2018, 05:21:38 AM
#92
Why would satoshi would sell it if he thinks he can improve bitcoin more and make a lot of money out from it in the future? I assumed that satoshi has the biggest number of bitcoin in possession which makes him a super wealthy man through his invention.
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jfelix
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Re: Will Satoshi sell his bitcoins?
September 11, 2018, 06:07:39 AM
#93
Unlikely, since he has not touched the wallets for all these years. In my opinion, these coins are lost probably.
Idrisu
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Re: Will Satoshi sell his bitcoins?
September 11, 2018, 06:39:16 AM
#94
Nobody will know as the decision is left for him. However, I pray he should not sell as this will pull the price down. Satoshi is the trustee of the cryptocurrencies and I doubt if he has greed in him.
watashi007
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Re: Will Satoshi sell his bitcoins?
September 11, 2018, 12:23:00 PM
#95
Quote from: Idrisu on September 11, 2018, 06:39:16 AM
Nobody will know as the decision is left for him. However, I pray he should not sell as this will pull the price down. Satoshi is the trustee of the cryptocurrencies and I doubt if he has greed in him.
However it's unlikely that he is going to move the coins and the reason is simple he probably knows that any movement in those coins will create concerns about the future of bitcoin, since it would seem as if he's trying to cash out and if the developer is trying to cash out.
Maricel2017
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Re: Will Satoshi sell his bitcoins?
September 11, 2018, 12:51:10 PM
#96
I do not think satoshi will be panic or else he have fund for the rotation of bitcoin prices. He already rich and i think he do not need to sell his bitcoin hold and he only transfer it to his grandson or grand daugther and his family is have financial freedom until his 10th generation. Satoshi nakamoto is still unknown but we know how lucky he is because he create a currency that can change lives of many people.
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Re: Will Satoshi sell his bitcoins?
September 11, 2018, 05:53:05 PM
#97
Quote from: adaseb on September 08, 2018, 09:23:12 PM
In my opinion Satoshi might still be alive and he might be slowly selling his coins backwards.
Basically if he sells the BTC that he mined in 2009, then its very easy to track him down and with all the wealth he possesses he might get tracked down, kidnapped, or even some governments might want to have a word with him.
He solo mined most of his coins in 2009, but how do we know if he didn't GPU mine some coins in 2010 with a mining pool which would of made the coins harder to link to him.
Plus we don't know his situation. He could already be a wealthy individual and he doesn't need anymore wealth.
When you got a $1 Billion US dollars, will another $1 Billion really improve your life? Its already more money that most people can spend in a life-time and why attempt and sell those early coins and get possibly tracked?
You need facts to back this up otherwise it is just baseless speculation. If satoshi was going to sell his coins then he almost certainly would have by now. He probably either purposely abandoned them for fairness, or he's dead. Maybe both. I think there's more chance of a supercomputer cracking his keys at some point than him actually coming back.
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Re: Will Satoshi sell his bitcoins?
September 12, 2018, 03:13:20 AM
#98
Quote from: evergreendog on September 05, 2018, 12:50:41 PM
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.
Well like the other famous wealthy personalities of course they will sell it for good to find other businesses that it will make their assets to grow in multiple folds. This is the better way so that their hard earned creation will not be in vain because there is no point of keeping it forever in their wallet.
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Re: Will Satoshi sell his bitcoins?
September 12, 2018, 05:44:17 AM
#99
Quote from: Gozie51 on September 05, 2018, 02:21:12 PM
Quote from: KeepupSlim on September 05, 2018, 12:59:32 PM
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
Maybe he was dreaming about $100k
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Re: Will Satoshi sell his bitcoins?
September 14, 2018, 04:56:05 AM
#100
Quote from: candolbitcoin214 on September 10, 2018, 03:30:37 PM
Quote from: evergreendog on September 05, 2018, 12:50:41 PM
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 value of everything in this world is is relatively connect to every persons inner contentment. If and he is that rich and he eventually realizes that his life even how rich he is life still has a limit and upon realizing so possibly he will sell.
Satoshi might have many dollars but it is up to him when to sell and when to buy more either on large scale or small but this is not known exactly how much he has? He will sell it when he think is the right time and is clear that he will sell in the most relevant time for huge profit. Same like Satoshi there are people who have big investments here will also wait till high market so that they may be able to sell it.
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