Would you be mad if satoshi sold all coins they own right now?

[Dingdongjl]

While I'd prefer the coins to not be dumped in one go but instead in increments(as to not dramatically flash crash the market), why should we stop Satoshi? It's his coins, from his own creation. He/she/they have every right to dump every single one of the bitcoins if Satoshi wants to. It's a free and open market.

I hope they do.  

Convince him then. Best of luck.

I cant believe that one of top merit earner posted a topic like this on bitcoin discussion section.

I dont really get your point here OP, I have 2 questions for you "why and what".

WHY - you want satoshi to sell all their coins right now?
WHAT - is your purpose on posting topic like this?

[1714783481]

1714783481

[1714783481]

1714783481

[1714783481]

1714783481

[imstillthebest]

...........

..........

............

I cant believe that one of top merit earner posted a topic like this on bitcoin discussion section.

I dont really get your point here OP, I have 2 questions for you "why and what".

WHY - you want satoshi to sell all their coins right now?
WHAT - is your purpose on posting topic like this?

i dont see any problem if he is a top merit earner and he will post a topic like this  . why because you find this question a joke ?  no its not a kind of joke . your asking why will satoshi sell his coins ? obviously because he want to earn a profit . and what is the op's purpose of posting a question like this ? maybe because he is only curious to know other opinion .   instead o stressing yourself about the op , why cant you just answer his queries ? eh ?

[Kakmakr]

It depends on how he/she/they sell it. If Satoshi sells the coins on a OTC platform, then it would have less of a influence on the Bitcoin price, but if Satoshi sells the coins on exchanges, then I would be pissed off, because it will destroy the price. 

It is also important to note that he might dump all coins at once and this will definitely wreak havoc on exchanges. <Liquidity and Price collapse>

The first coin accessed will even cause a "Bank Rush" scenario on exchanges in anticipation of a possible price collapse. 

[bitbunnny]

I have to say that I don't understand really this question. According to this question the presumption is that you know that Satoshi has some coins but you can't actually now it. Also, he has every right to do what he wants and despite some different opinions he doesn't have any obligations to any of us so why should anyone be angry or even think it has the right to be angry because of his decisions.

[Turkish88]

Price goes to zero before they can sold out their bitcoins.
Who's know maybe he want to use their wallet to make something big in climax situation. This may be pump the price with burning their btc's

[TimeBits]

Price goes to zero before they can sold out their bitcoins.
Who's know maybe he want to use their wallet to make something big in climax situation. This may be pump the price with burning their btc's

correct they would not even be able to sell them all before it crashed to 0. I think tho if they came back and just said "hello" on the forum the fiat price would like 10-100x overnight. It would 100% hit main stream news.

Anyways, you know who else could crash the market to 0? Mark Karpeles and Bulgaria almost could lol.

Anyone who could buy enough asic`s could also burn the network pretty quick and that would make it go to 0 and even worse, make the network unusable. So even 1 bitcoin = 1 bitcoin would not even matter.

[LeGaulois]

He wouldn't be crazy enough to sell all his bitcoins at once unless his original goal was really to crash the market value one day.
But I doubt that this is the case (unless it was the really NSA that created BTC lol). I wouldn't be mad at him but I would like if he can tell me before he decides to sell in waves, so I can exit before.

[TimeBits]

He wouldn't be crazy enough to sell all his bitcoins at once unless his original goal was really to crash the market value one day.
But I doubt that this is the case (unless it was the really NSA that created BTC lol). I wouldn't be mad at him but I would like if he can tell me before he decides to sell in waves, so I can exit before.

LOL, Imagine that, "hey guys I am going to sell, so make sure you sell before me" hahahahha yah right.

Spoiler: They purpose crash the market so people stay using USD, showing decentralized currencies are not safe and this is why we need big brother in our anus.


"WE TOLD YOU BITCOIN WAS NOT SAFU, ONLY USE USD THAT IS NOT BACKED BY THIN AIR BUT BACKED BY $LAVERY OF YOU THE PEOPLE, AND THE U.S GOVERNMENTS CARTEL GANG"

[Vishnu.Reang]

Is it even possible to sell all those 980,000 coins in one go? I don't think that there is enough liquidity in the market. The prices will crash, and there will be a dearth of buyers in the exchanges. The vast majority of the coins will remain unsold (unless the whales decide to make use of the purchasing opportunity). BTW, what will happen to the forked coins in the wallet? I am referring to coins such as BCH, BTG and BSV. These coins are even more unlikely to be sold completely.

[The Cryptovator]

Unfortunately it will not happen. I have doubts even Satoshi wouldn't bother to sell his coins ever especially bitcoin  .

I don't know why some people's worried about it. Obviously Satoshi isn't a stupid who have  created bitcoin. So how we will believe that he will dump his own creation. I am not worried about it even he sell his coin. Because I am expecting he will not sell like stupid.

[izanagi narukami]

Bitcoin is risky investment because of it's volatile value.

I've prepare anything worst about this kind of investment so I can't do nothing if that happening,right ?
When you decide to invest on crypto, you already understand the risk

[Juggy777]

While I'd prefer the coins to not be dumped in one go but instead in increments(as to not dramatically flash crash the market), why should we stop Satoshi? It's his coins, from his own creation. He/she/they have every right to dump every single one of the bitcoins if Satoshi wants to. It's a free and open market.

I hope they do.  

Convince him then. Best of luck.

@mjglqw I’ll second that it’s his coins and he can hodl them or sell them it’s his personal decision he’s not answerable to the community. While I have no objections if Satoshi were to sell his coins I only hope he doesn’t sell it in one go, otherwise it’ll completely crash bitcoins market forever. @Timebits who’s they do you actually believe Satoshi is a group of persons, and not a single person care to share some proof?.

[Indamuck]

I think if satoshi even moved one coin from one of those early addresses the price would drop dramatically from all the panic that would happen.  I think the day will come eventually but not till bitcoin is widely adopted and a large sell off wouldn't affect the price too much.

[pawanjain]

To be honest, most of the people are selfish. Yes, I would be mad if Satoshi sold all his coins in one go. I would not be mad on Satoshi but I would be mad at the situation.
Obviously the price would go drastically down and this would scare everybody's ass here. But then every action has an opposite reaction.
If Satoshi would sell all his coins this would mean that more coins will be active in supply of bitcoin. So we will be able to accumulate more coins in the future. 

[squatter]

As I know this amount is huge, and selling can ruin the crypto market. On the other hand, sale will be over the counter however, this will affect us psychologically.

What, you don't think Satoshi would send all his coins to Bitfinex?

I don't think there's enough liquidity anywhere -- OTC or otherwise -- to handle the Satoshi coins. In a decade or two, quantum computers might lead to the theft of these coins. I just hope there's enough market liquidity by then.

[joinfree]

Why would i be mad if Satoshi decides to sell his cryptocurrencies, after all it's his own coins and he decides to do with it as he please. But i believe for the love of the technology he developed he would only sell some and hold not dump all of them in the market.

[eaLiTy]

First of all, it is the person who will really decide whatever he wanted for his coins. So why should we complain or get mad?

But thinking that Satoshi will sell all the coins he own right now is not quite logical. And besides, no one will know if that happens. Until now we haven't identified Satoshi Nakamoto and we cannot confirm that he solt it, selling it, or  will sell it.

If Satoshi moves his coins from his initial wallet the entire community will come to know about that and that is one thing he cannot hide from the market, he might hide his identity as long as he want but if he starts moving his coins then the entire community will be after those trails and if he moves the coins to any specific exchange, that too will be public knowledge. If the creator wants to sells his coins that is his sole decision and no one can stop that but he cannot hide from those things when he starts moving the coins.

[jakelyson]

Mad is not he right word for me. I'll be more disappointed if he sells his bitcoin all at once. I truly believe in bitcoin so the creator dumping his coins means it is a failure.

But I do not think this will ever happen. If ever his bitcoins will move, it is more likely to be spent not dump. I think satoshi is still afraid of the government so he won't make a move that will allow the government to track him down.

[bryant.coleman]

First of all Satoshi Nakamoto won't be able to sell all of his coins in one go. That much liquidity is not present in the market right now. Nobuaki Kobayashi (Mt Gox bankruptcy trustee) tried to dump a much smaller stash in a prolonged duration lasting many months, and even that resulted in the Bitcoin exchange rates crashing by almost 80% in 2018. Kobayashi was trying to dump less than BTC200,000, while Satoshi's stash is estimated to be around BTC980,000 ($9.5 billion as per current exchange rate).

Unless some miracle happens, it will take many years for Satoshi to get rid of his stash at a fair price. The only exception would be in case some billionaire or a cabal expresses interest to purchase the entire stash in one go, at or above the market prices.

[LMBDA]

I hope they do.  

Why not, go on.