Satoshi isn't that rich.

[BlackHatCoiner]

It's known that he may have a million BTC in his possession. The bitcoin network clearly showed that if satoshi makes transactions the price drops. Even if he is not satoshi, big transactions from old generated blocks is creating a trouble in the market.

If satoshi sells 500BTC price may drop 2-3k dollars. So he is not that rich, isn't he? 

[hatshepsut93]

Yeah, you can't sell 1 million BTC in one go, but you can sell it slowly over long period of time and use OTC whenever possible, so I have no doubts that theoretically Satoshi could convert his BTC stash into hundreds of millions of dollars. It's the same as with billionaires and their networth - they don't literally have billions in their pockets, but they can quickly create the needed sum if they want to spend money.

If satoshi sells 500BTC price may drop 2-3k dollars. So he is not that rich, isn't he? 

500 Bitcoin's won't make such a big swing, it would only drop the price by $100-200. Check the market depth.

[milewilda]

It's known that he may have a million BTC in his possession. The bitcoin network clearly showed that if satoshi makes transactions the price drops. Even if he is not satoshi, big transactions from old generated blocks is creating a trouble in the market.

If satoshi sells 500BTC price may drop 2-3k dollars. So he is not that rich, isn't he? 

Lets say if all of those dormant accounts neither being owned by Satoshi itself or early adopters which do tens of thousands of btc then it will surely affect the entire market but only on small scale but we know on how crypto market moves when in talks of recovery.It doesnt really matter that much
if satoshi own 1M coins or whatsoever.This had been always a topic on how much Satoshi do really own and it do still remain a mystery.
Is it really that important to know if he's that rich or not? 

[ChiBitCTy]

What has always cracked me up is people think that Satoshi only has as many bitcoins as we can see from his  known address.  The truth of the matter is know one has a clue how many bitcoins they own. The creator of bitcoin could certainly have created other wallets and owned other bitcoins that we are unaware of.

[Jating]

It's known that he may have a million BTC in his possession. The bitcoin network clearly showed that if satoshi makes transactions the price drops. Even if he is not satoshi, big transactions from old generated blocks is creating a trouble in the market.

It's all pure speculation if Satoshi is really the person behind the movement of that old generated blocks. And it didn't have a significant effect on the market we are still above $9k despite people trying to spin it out and pull the price of BTC.

If satoshi sells 500BTC price may drop 2-3k dollars. So he is not that rich, isn't he? 

If he wanted to maximised the profit then why he didn't sell in 2017? So let's wait for another all time high and see if he/she/they are going to sell to enrich themselves. 

[NavI_027]

If he wanted to maximised the profit then why he didn't sell in 2017? So let's wait for another all time high and see if he/she/they are going to sell to enrich themselves. 

Nah, I doubt it. I think Satoshi will remain not selling his holdings. Based on what have you said, we all knew that btc's price is climbing up year by year thus making everytime a good time to exit. So it's really impossible that greed never kicked in most especially during its ATH because you can generate a lot of money from that. Maybe Satoshi really don't care about the money, maybe he is already happy on what he contributed to all of us .

[mikeauerbach]

Price swings in Bitcoin are caused by movements for cryptocurrencies worth more than $50 million or Bitcoin whales' transactions. Such transactions may result in  slump of more than 20% of the price, but the price won't drop to 100$ in any case.

[GreatArkansas]

The bitcoin network clearly showed that if satoshi makes transactions the price drops. Even if he is not satoshi, big transactions from old generated blocks is creating a trouble in the market.

For me, this will not matter anymore at all especially as the time goes by, we are still not dropping at 0$.
Even if we say Satoshi will sell all of his/her Bitcoin and price of Bitcoin will drop to below $3,000? $1,000? So what's next?
We are not sure that cause of those drops, we don't have 100% proof. Maybe it's just a coincidence? Who knows.

[raidarksword]

We will always have a support from the market if Satoshi sells low his bitcoins and i don't think he would dumped it all because whales will only buy it back. We didn't see large of bitcoin sold during it's highest ATH, so i think Satoshi is a real deal holder and besides he created this, so he will always support his own creation until bitcoin will be widely used and adopted around the globe by crypto enthusiast like us.

[fortunecrypto]

What has always cracked me up is people think that Satoshi only has as many bitcoins as we can see from his  known address.  The truth of the matter is know one has a clue how many bitcoins they own. The creator of bitcoin could certainly have created other wallets and owned other bitcoins that we are unaware of.

That's possible and likely, as a creator you would want to test as many wallet and test the transfer rate and the fee that will incur, so it's very likely that the real Satoshi has many wallets and we never know if he is actively trading those coins and he is just waiting for the right time to move the coins that are in his main wallet.

[meanwords]

It's known that he may have a million BTC in his possession. The bitcoin network clearly showed that if satoshi makes transactions the price drops. Even if he is not satoshi, big transactions from old generated blocks is creating a trouble in the market.

If satoshi sells 500BTC price may drop 2-3k dollars. So he is not that rich, isn't he? 

He created this kind of technology that we are using right now, I bet he will not be that stupid to sell all his Bitcoin in go. Also, even if he sells 500 Bitcoin in one go, I don't it will drop 2-3k dollers. If you search the recent scam accident where the scammers tried to sell of 12,000 BTC, it only shave of 2k dollars in the market and that is partnered with FUD but we already recovered from that so I don't think 500 BTC would have an impact.

[mk4]

So he is not that rich, isn't he? 

So.. what's your point? Satoshi selling some would most definitely make a temporary commotion, but it really doesn't matter. His coins, his money. That, and we're mostly talking about bitcoin's current valuations. I think most of us here agree that bitcoin could be worth a lot more in the future.

[pooya87]

It's known that he may have a million BTC in his possession.

wrong.
just because someone made an estimation it doesn't mean it is correct. i can guess that "you" own 500 bitcoin but that i am correct!

The bitcoin network clearly showed that if satoshi makes transactions the price drops. Even if he is not satoshi, big transactions from old generated blocks is creating a trouble in the market.

first of all it is not the "network" but the "market" and secondly it didn't show such a thing at all. there was a very small drop which might as well have been a coincidence. an  actual drop that you could speculate about like this should have been at least down to $7000 which obviously didn't happen.

If satoshi sells 500BTC price may drop 2-3k dollars.

impossible with such a small amount.

[Janation]

Why would he do that though?

There is this theory about good and bad Satoshi Nakamoto. If he plans to sell the Bitcoin he's holding when the price is at the peak, then he is a Bad Satoshi. If he keeps it and since he's just holding it, meaning he's a good Satoshi. He is manipulating for the own good of Bitcoin. Saying that, he will not just sell all of his Bitcoins.

[Lunatic_Pandora]

It's known that he may have a million BTC in his possession.

wrong.
just because someone made an estimation it doesn't mean it is correct. i can guess that "you" own 500 bitcoin but that i am correct!

The bitcoin network clearly showed that if satoshi makes transactions the price drops. Even if he is not satoshi, big transactions from old generated blocks is creating a trouble in the market.

first of all it is not the "network" but the "market" and secondly it didn't show such a thing at all. there was a very small drop which might as well have been a coincidence. an  actual drop that you could speculate about like this should have been at least down to $7000 which obviously didn't happen.

If satoshi sells 500BTC price may drop 2-3k dollars.

impossible with such a small amount.

Yes, that amount won't cause the market to go down that hard but I think he lowkey tried to imply it was gonna be due to the massive selloff following the panic of that happening. I can see how its a point you can miss.

[pooya87]

~
Yes, that amount won't cause the market to go down that hard but I think he lowkey tried to imply it was gonna be due to the massive selloff following the panic of that happening. I can see how its a point you can miss.

that is what i meant.
first of all you can't tell if a transaction is for "selling" bitcoin or simply "moving" coins despite what OP says, and even though the amount looks big, it is not going to cause mass panic to be able to end up with an 80% market crash. for such a gigantic crash at least 100k bitcoin need to move from known Satoshi addresses (not just outputs from early years) while manipulators dump large amounts on the market.

[Artemis3]

In fact it would be best if those holding such ancient coins would move them into newer wallets, to avoid that infamous attack some people keep predicting, precisely against Satoshi's coins among other early holders.

But it could be that Satoshi isn't there to move them anymore, or lost the ability to do so.

Also even if you were Satoshi, why sell them all? Just sell a bit for living expenses, i don't get why people keep thinking its always an all or nothing.

The normal attitude when you have money that doesn't lose value over time, is to only spend what you need, and keep the rest.

Why would you get in "panic", if "Satoshi" decided to sell, say, 10 ₿ for living expenses? Well despite the fact of announcing the world that Satoshi is still out there...

[davis196]

It's known that he may have a million BTC in his possession. The bitcoin network clearly showed that if satoshi makes transactions the price drops. Even if he is not satoshi, big transactions from old generated blocks is creating a trouble in the market.

If satoshi sells 500BTC price may drop 2-3k dollars. So he is not that rich, isn't he?  

"Trouble in the market"?So a less than 10% Bitcoin price drop is a "trouble in the market"?Are you serious,OP?
The guy that moved those 2009 bitcoins isn't Satoshi.
Satoshi owns around 1M Bitcoins.Even if the Bitcoin price drops 2-3K dollars,he is still a multimillionaire.
What do you mean by "isn't that rich"?He isn't selling or using his BTC,which means that he's not rich at all.
We don't know if he is alive,discussing his BTC wealth(that he never used) is pointless.

[BlackHatCoiner]

Each post is funnier than the other.

Anyway, I never said that satoshi will sell them all, you pictured it. I just have seen by googling that with his bitcoin worth he could be counted as a billionaire. If a have a billion chocolates I am not a billionaire until I sell all of them.

[Assface16678]

At the year started Satoshi Nakamoto is not rich because he just hold a huge amount of the bitcoin and from that year it does not have enough value by the time goes by the market price of the coin increases and every time it rapidly increases he makes a withdrawal on it that gives him a lot of enough funds to make huge money. If you are a person you will not sell all of your market investment in just a single day because if you are one of the sources if the bitcoin the price of the coin will now lose and decrease that many people getting affected in this kind of movement. One of the best ways is to make an investment while the market is low and wait for the opportunity to sell your coins but not all of your coins and repeat this cycle if Satoshi Nakamoto does this kind of method or process will become one of the billionaires among all others.

Each post is funnier than the other.

Anyway, I never said that satoshi will sell them all, you pictured it. I just have seen by googling that with his bitcoin worth he could be counted as a billionaire. If a have a billion chocolates I am not a billionaire until I sell all of them.

Having a good market strategy is the key to gain a lot of money if you will grab the opportunity when is the market will become in demand it gives you a huge chance to make more profits. Still it takes time before you get your income.