joseph stalin (OP)
Newbie
 Offline
Activity: 25
Merit: 0
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March 21, 2014, 11:37:37 PM |
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I know the market would get all sorts of fucky, but I'm asking about what specific kinds of fuckyness would happen?
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Dalmar
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March 21, 2014, 11:44:12 PM |
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You can wipe out bitstamp's entire order book with a mere 32K BTC. One can imagine what 1 million BTC would do.
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knightcoin
Full Member
Offline
Activity: 238
Merit: 100
Stand on the shoulders of giants
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March 21, 2014, 11:50:15 PM |
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Nakamoto does not need to dump... he only need to show he is in control of the private key .. ( for people he trust obviously ) it all can be done off line ...
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podyx
Legendary
Offline
Activity: 2338
Merit: 1035
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March 21, 2014, 11:51:17 PM |
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You can wipe out bitstamp's entire order book with a mere 32K BTC. One can imagine what 1 million BTC would do.
well what would happen is a boat load of people would pick up cheap ass coins for $0.01 and then we go back to the moon |
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Anon136
Legendary
Offline
Activity: 1722
Merit: 1217
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March 21, 2014, 11:51:54 PM |
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Rep Thread: https://bitcointalk.org/index.php?topic=381041If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited? |
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podyx
Legendary
Offline
Activity: 2338
Merit: 1035
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March 21, 2014, 11:54:25 PM |
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lol dafuq?  |
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Ultros
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March 21, 2014, 11:55:59 PM |
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This. |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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March 21, 2014, 11:56:55 PM |
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best buying opportunity ever
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TERA
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March 21, 2014, 11:57:50 PM |
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Bit_Happy
Legendary
Offline
Activity: 2100
Merit: 1040
A Great Time to Start Something!
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March 22, 2014, 12:31:09 AM |
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best buying opportunity ever
It would be a wild ride, but when prices are below $50/BTC (for example), there will be no shortage of buyers for (almost) any amount of supply. Bring it on, Satoshi...  |
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seleme
Legendary
Offline
Activity: 2772
Merit: 1028
Duelbits.com
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March 22, 2014, 12:38:37 AM |
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We'd buy them all  |
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giantdragon
Legendary
Offline
Activity: 1582
Merit: 1002
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March 22, 2014, 01:09:08 AM |
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I think Bitstamp and BTC-E owners will simply ban to sell such large amount (Bitcoin price collapse will destroy their businesses).
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knightcoin
Full Member
Offline
Activity: 238
Merit: 100
Stand on the shoulders of giants
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March 22, 2014, 01:10:07 AM |
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We'd buy them all Yep, but sell here on bitcointalk pls ... for the community |
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Bitcoin BEAR
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March 22, 2014, 01:14:32 AM |
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It would remove a huge amount of USD liquidity. Add to that the panickers, and lack of available fiat and you would be forced into a new price range. It would take time to get "back to normal". It would not be "to da moon" immediately after either
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CoinRocka
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March 22, 2014, 02:27:49 AM |
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I read somewhere that if you send Satoshi a satoshi then he will give you a bitcoin in 10 years time.
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maurya78
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March 22, 2014, 03:14:34 AM |
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I would be a slightly better buyer for choice.  |
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BitOnyx
Member
Offline
Activity: 112
Merit: 10
Cryptocurrencies Exchange
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March 24, 2014, 10:55:06 AM |
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There is as many buyers as sellers. So I guess some people instead of sitting on this forum are buying right now.
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blatchcorn
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March 24, 2014, 12:28:15 PM |
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Plot twist: What if Satoshi lost all his BTC?
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