What happens if Satoshi dumps his coins?

[jfelix]

Since Satoshi owns 980,000 Bitcoins, what would happen if he suddenly sells his Bitcoins?

At the actual rate hic coins value is more than 6 billion dollar.

[einax_mike]

Since Satoshi owns 980,000 Bitcoins, what would happen if he suddenly sells his Bitcoins?

At the actual rate hic coins value is more than 6 billion dollar.

well, the only thing we can be sure about is that BTC price will largely fall. But eventually the price will recover and most certainly go even higher then what we have today. Unless someone comes up with an even greater technology that would be able to shadow bitcoin in its greatness

[NeuroticFish]

Since Satoshi owns 980,000 Bitcoins, what would happen if he suddenly sells his Bitcoins?

At the actual rate hic coins value is more than 6 billion dollar.

This question seems to be asked about every 6 months in a way or another. Maybe you should try to search.
Some interesting answers from 2014 are here.

[liuqi]

Since Satoshi owns 980,000 Bitcoins, what would happen if he suddenly sells his Bitcoins?

At the actual rate hic coins value is more than 6 billion dollar.

Satoshi have more Bitcoin so they will sell continuously, market will totally down. But Bitcoin is little positive in today market so peoples are still supporting to Bitcoin investment. I think once they will sell most of the investors are earn more profit because many peoples are eagerly waiting for the cheap value. If this possible in future market cap is going to peak.

[Kemarit]

Since Satoshi owns 980,000 Bitcoins, what would happen if he suddenly sells his Bitcoins?

At the actual rate hic coins value is more than 6 billion dollar.

Two likely case will happen:

One, bitcoin will go to 0. It will be epic fall as people will panic and dump hard. Much worst than Mt. Gox or Silk Road combined.

Two: Miners will continue to mine, investors will see this as a perfect opportunity to scoop more because there's still millions of bitcoin waiting to be mine and their is still profits to be made.

[Supercrypt]

Since Satoshi owns 980,000 Bitcoins, what would happen if he suddenly sells his Bitcoins?

At the actual rate hic coins value is more than 6 billion dollar.

I doubt satoshi will do that because satoshi could have done something like that for years, you think he just realized he is rich ?

There are insane amount of things he can't do that for. First of all the price once hit $20k but lets take last year into account, back when price was $900 if he sold his coins he could have made 882 million dollars from 900 dolar price. Let alone $20k price, and certainly not today, which means if he wanted he could have made a lot of money however he knows that if he does that it gives both sense that even the owner of bitcoin is going away from bitcoin and also he would drop the price of bitcoin to dust all by himself.

[figmentofmyass]

Since Satoshi owns 980,000 Bitcoins, what would happen if he suddenly sells his Bitcoins?

At the actual rate hic coins value is more than 6 billion dollar.

i think the bigger question is what would happen if early satoshi coins moved at all. to some extent, i think the market believes the satoshi coins are lost or otherwise won't move and has therefore priced that in. i could see panic ensuing over this, and whales from the early days bringing supply to the market. if even satoshi is selling, that puts a damper on the idea of hodling!

as an aside, nobody really knows how many coins satoshi mined. we assume that he was the only miner for many months, but we don't actually know. i wouldn't be surprised if some estimates (like yours) are exaggerated.

[Kevin77]

Since Satoshi owns 980,000 Bitcoins, what would happen if he suddenly sells his Bitcoins?

At the actual rate hic coins value is more than 6 billion dollar.

Rather than worrying about satoshi dumping his coin, worry more about how much you can accumulate for the future before we start seeing a huge demand and growth in the market. Apparently, I am sure satoshi; either a group or one person will not be dumping on the market and then using his own hands to destroy what he has built over time.

The market has not matured to an extent where the volume is huge and such a dump on the market will not make a very huge impact, but I am sure even with all exchanges put together at the moment; the price will drive down so fast. Let's say this is even done OTC, it would still increase the huge supply in the market at this stage.

[YuginKadoya]

If this can happen, Well the truth is not, Not a chance that this type of thing can really happen, But if someone would surely see the storage of satoshi where he is putting his coins would be a disaster for the market of bitcoin and other Cryptocurrency because the price would surely crumble, may not turn to zero but it will sure make the value on a reset mode, just like what we see from the price of ETH it will gonna move in a slow pace movement, It can be an opportunity for some but it will be a disaster for many that have a lot of bitcoin in their wallet, So it can be painful for most of us!

[juli50]

First question, how do you know that he have 980000 bitcoins?? then why would he do it, bitcoin is his project, he wouldnt like to see it going to nothing. If he wants the cash he probably have been selling in small portions in order to get some cash and not dump bitcoin that much, so its unlikely to see that happen.

[BitcoinNewbie15]

OP there isn't enough liquidity in the Bitcoin market for Satoshi to dump all of his Bitcoins. He would completely clear out the order books and still have a lot of Bitcoin left over.

Since Satoshi owns 980,000 Bitcoins, what would happen if he suddenly sells his Bitcoins?

At the actual rate hic coins value is more than 6 billion dollar.

i think the bigger question is what would happen if early satoshi coins moved at all. to some extent, i think the market believes the satoshi coins are lost or otherwise won't move and has therefore priced that in. i could see panic ensuing over this, and whales from the early days bringing supply to the market. if even satoshi is selling, that puts a damper on the idea of hodling!

as an aside, nobody really knows how many coins satoshi mined. we assume that he was the only miner for many months, but we don't actually know. i wouldn't be surprised if some estimates (like yours) are exaggerated.

The estimates for Satoshi's coins are definitely exaggerated. Satoshi wasn't the only early miner, as basically everyone in the cypherpunk community knew about Bitcoin because of the mailer he sent out. I'm sure some of them participated in mining to try Bitcoin out and see how it worked. IIRC Laszlo was also an early miner.

First question, how do you know that he have 980000 bitcoins?? then why would he do it, bitcoin is his project, he wouldnt like to see it going to nothing. If he wants the cash he probably have been selling in small portions in order to get some cash and not dump bitcoin that much, so its unlikely to see that happen.

It's just an estimate based off of how many early blocks that were mined without the coins themself moving. Satoshi has never touched his coins so far, so everyone assumes all of the early blocks are his because the coins haven't moved yet. I don't think this is the case, and I do think the amount of coins Satoshi holds are less than these estimates.

[supermine]

Since Satoshi owns 980,000 Bitcoins, what would happen if he suddenly sells his Bitcoins?

At the actual rate hic coins value is more than 6 billion dollar.

I consider those 980,000BTC will be untouched forever since there is no trace for the satoshi is still alive since he doesn't moved his coin no where from the start.If he sell his all coins then it might be an serious issue for the future of bitcoin because people's mindset will go that even satoshi don't believe his technology then why should we use that.

[cellard]

Where does this number come from? most people use this number because they saw it on rpietilas thread which is most likely from some other source. Most likely studies like this:

https://bitslog.wordpress.com/2013/04/24/satoshi-s-fortune-a-more-accurate-figure/

But people like gmaxwell have pointed out at the fact that that number isn't accurate at all, and that satoshi may have way less coins than the myth says... see these quotes from reddit by gmaxwell (he is nullc there)

No one has any idea how much Bitcoin Satoshi has (beyond perhaps a few from the block used to pay Hal).

People claiming "1 million" are claiming that every unspent coin mined in the first year is satoshi's-- which is clearly untrue.

Yet the "1 million" number is not based on that.. And the only blocks known to be mined by Satoshi are not at all consistent with the 'pattern'-- so it is actually contra-evidence to the claims, to the extent it means anything at all: AFAIK there is literally nothing connecting those blocks to Satoshi except pure conjecture.

   some other dude: "We know that block 9 was mined by Satoshi (because of the block 9 that used coins for a transaction to Hal) and they all follow the same pattern except for block number 12."

They absolutely do not, the pattern discussed on that page doesn't begin until several weeks into Bitcoin's existence.

    "some other dude: a more probable theory than the theory that Satoshi mined only blocks 1-11,13-14."

Why do you think Satoshi mined block 1? The fact that it was mined many hours after Bitcoin's original announcement is evidence that it wasn't mined by Satoshi.

    some other dude: They are steeper than other coins that were spent.

Steepness is not a property that a single block has-- your argument is a bit circular as a result.

    some other dude: So it was one miner.

No, they simply could have been multiple miners of similar hashrate that started at roughly the same time. It's unsurprising that they started at the same time because the software that was released would only start mining after connecting to another node.

[hugeblack]

The answer to this question lies in the definition of who is Satoshi? Is Satoshi Nakamoto the account holder of this forum or has many names and accounts?
How many actual currencies?
Also, it will be challenging to sell thousands of bitcoin to a platform without a note, which means that he will expose his identity to danger if he reveals himself.
So he will sell it as a slap, meaning panic will have limited effect.

Also, there may be many people who have been mining more than Satoshi.

[Wind_FURY]

OP, Craig "Satoshi" Wright will never dump his Bitcoins. He is too greedy for that. Hahaha.

But what he would do is split them, and get its equal amount of Bitcoin Cash to dump because he is really a "spy, trojan horse" said Jihan Wu in a Chinese forum.

[ivannalog814]

I believe that Satoshi Nakamoto is a smart man and he will not sell his bitcoins at one time I am sure that if he needs to cash them he will serve in small batches.

[Question123]

Maybe they already sold more than thousands pieces of bitcoin but we don't know the amount of bitcoin they have. But they did not sell all of bitcoin I think. Because he wants to earn more money and they wait first the price to increase the value. But no one can tell how many bitcoin they already sell. But incase they sell all their bitcoin big dump will happen again to the crypto market and we don't know how long is dump price.

[bintangkejoraku]

it doesn't matter if he sells at high prices, the problem will occur when he sells the bitcoin he has at a low price. it will make the price of bitcoin go down.

[rodalutor]

It's pretty evident that this would crash the market, probably to levels no one would expect but I think at this point in time and with each passing day it becomes more and more likely that nothing like this will ever happen. The majority suspect Satoshi to be dead and so those coins are lost forever.

[DMCR lah]

of course it will make the price of bitcoin fall suddenly. but it's very stupid if he sells bitcoin at the moment, at least he has to wait for the bitcoin price to reach $ 20k