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Author Topic: What would happen if Satoshi dumped his coins?  (Read 6679 times)
Tzupy
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March 06, 2014, 10:08:21 PM
 #41



No, if Satoshi would dump all his coins it would be much worse than that, a bear market like 2011 means that the price would only drop to about 80$.
A similar drop to the one in 2011, from 32$ to 2$, can happen on Bitstamp if the bid sum drops below 5M$ and the ask sum gets close to 100k BTC.
Which is possible in 3 - 4 months, if there will be no new demand for bitcoins and some extra bad news. If Satoshi dumps all, we might see single digits.

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March 06, 2014, 10:10:10 PM
 #42

This story has really been picked up in the last couple of hours. Nothing much new, just recycled, even by 'reputable' (yeah, I know what an oxymoron is) news outlets. Sucks for Mr D. Nakamoto. If it's not him I hope that journalist gets slapped with a lawsuit.
Supply/demand. Dump anything on the market and the price goes down. Dump a lot and it drops a lot. Dump a very lot and maybe there's enough to depress the price for quite a while.
No reason why Satoshi would do this, or why any major bitcoin holder would do this. You might as well ask what would happen if xx pension fund dumped all their stock of yy company.
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March 06, 2014, 10:35:40 PM
 #43

sounds like question of big investor ... regular guys are not like this ...

btw hodlers not give a shit for questions like that

 

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March 06, 2014, 11:00:05 PM
 #44



No, if Satoshi would dump all his coins it would be much worse than that, a bear market like 2011 means that the price would only drop to about 80$.
A similar drop to the one in 2011, from 32$ to 2$, can happen on Bitstamp if the bid sum drops below 5M$ and the ask sum gets close to 100k BTC.
Which is possible in 3 - 4 months, if there will be no new demand for bitcoins and some extra bad news. If Satoshi dumps all, we might see single digits.

Let's do it Satoshi boy, let's do it  Grin

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March 07, 2014, 12:31:41 AM
 #45

I think it would be awesome if he put up a 1 million coin Sell wall at $10,000.

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March 24, 2014, 02:12:54 PM
 #46

Where do you get 13M from and no unless you are calling me a liar it won't go to zero.  I will buy all the unbought coins at the first recorded exchange rate (1,309.03 BTC per dollar) even if every coin on the planet was sold it would only cost me <$10,000.  I think the network is worth many magnitudes more than that so yeah I would buy em all.

So standing open order from me.  I will buy Satoshi (and anyone else's) coins for 1,309.03 BTC per dollar in the event Satoshi sells them.

I'm in ! ^^ I want 100 MILLIONS BTCs at 1 satoshi. 10K at 0.01 USD ! 1K at 1$.

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March 03, 2017, 11:44:35 AM
 #47

The biggest ponzi scheme in history that lasted over 100 years?  Cheesy however I doubt it would have a lasting effect because it is a disruptive technology that does not obey or recognize borders or rules or governments.You would have millionaires governments and everybody buy up the cheap coins  the price would drop for awhile but it would go back up.Remember there will be only so many of them.Last one being minted in what 2112 or something like that?Maybe Satoshi liked Rush or 2112 is is a prediction?

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and well it is inevitable that some will be lost.Your going to have someone in the future looking through old computer parts find a hard drive or thumb drive or some other piece of hardware with a unencrypted wallet on it and that treasure just waiting for them its not a matter of if its a matter of when.

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