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Author Topic: What will happen if Satoshi moves or sells his Bitcoin?  (Read 646 times)
Twentyonepaylots
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April 16, 2021, 10:43:56 PM
 #21

If he does that, we'll know for sure that it was him. That is provided that the movement is massive and involves him moving thousands upon thousands of his collected bitcoins. On the upside, this will induce circulation since sleeping coins are reinstated back into the market to facilitate more transactions in the future. On the downside, this will mean that bitcoin will dump in value and may take time before it can recover from its former price.
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April 16, 2021, 11:53:09 PM
 #22

Why would he do such a thing? What's the point for a person, who put so much time and effort into creating something so genius and unique in destroying it? And I think Satoshi has enough profit anyways Grin, so he wouldn't do that for money's sake. Plus for a person like that ideology is far more precious than money.
Also, such a drastic change in price would attract A LOT of attention, many people (including me) would love to use this opportunity to buy Bitcoins, so, in a time, the market would go back to normal, I guess.
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April 17, 2021, 03:39:58 AM
 #23

It'll set panic in a lot of people i guess. It's not gonna kill BTC but a lot of people will sell it too. That would be interesting to see but i don't think it's gonna happen.
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April 17, 2021, 03:47:11 AM
 #24

I'm surprised it's this late in the thread and no one has mentioned the other question, which is what will happen (and what will people think) if Satoshi decides to BURN his coins?
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April 17, 2021, 06:02:51 AM
 #25

It'll set panic in a lot of people i guess.
Depends on how big he sells the Bitcoin. If it is a small number, it won't make people panic. But if it is a big number of Bitcoin, indeed people feel worried it probably to dump the Bitcoin price significantly. I think it is the same matter if a whale moves their Bitcoin from his private wallet to an exchange wallet, it only can bring impacts if it is a big number.

It's not gonna kill BTC but a lot of people will sell it too.
Only panicking people will sell, a professional or experienced holder won't be affected by that issue.
Moreover, for a long term holder, they won't care with a such issue. The impacts only happen temporarily.
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April 17, 2021, 06:10:47 AM
 #26

surely there will be a very large shock in the public market. maybe I think it could cause a global panic for biitcoin owners. But Satoshi Nakamoto wouldn't do something stupid like that, there must be a bigger plan than worrying a lot of people just looking for a profit.

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April 17, 2021, 06:19:30 AM
 #27

Vitalik Buterin can sell 500k of Ethereum and Satoshi can't. That will the damnest sad story of the world if ever it will happen.
First thing is Feds will try to dig every bunker or any hole looking for him.  Grin That's what I am mostly worried about.
Why can't it be just like a normal whale selling his Bitcoin?

IMO, value won't drop that high. High possibility it will be the other way around.
With news going viral Bitcoin will be in its highest demand even with the expensive price. 

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April 17, 2021, 06:25:44 AM
 #28

surely there will be a very large shock in the public market. maybe I think it could cause a global panic for biitcoin owners. But Satoshi Nakamoto wouldn't do something stupid like that, there must be a bigger plan than worrying a lot of people just looking for a profit.

Nothing. He will be either to dumb (which he is not) to sell all his coins at once since price will dump maybe under 10.000 coins so by the time he would get to 100.000 coins price will cripple since there will be no enough liquidity on the exchange. No one sells bunch of coins at once. So We assume he is smart guy (which he is) and if he wants to sell he will go in waves of small quantities in longer period of time on different exchanges. Which will not be felt by the market at all since market is liquid on this level.
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April 17, 2021, 07:09:37 AM
 #29

To paraphrase the great axe-wielding swarf Gimli..

Satoshi Alive! Coins dumped! Great Chance of buying Low...

What are we waiting for??


On a serious note, if Satoshi were to ever come back and take a look at the communities, riches and industries that his contribution spawned; he'd probably be quite interested in having a more than significant role in the future. He wouldn't be selling any of those coins than necessary. He'd probably enjoy being a benevolent dictator. I would even like to fancy that he'd "airdrop" some to all the forum contributors. Cool

He was a thoughtful, smart, idealistic person. He'd probably have the "With great power comes great responsibility" epiphany and the world will change for the better, One Sat at a time.
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April 17, 2021, 07:36:22 AM
 #30

There could be a dumping but not gonna last forever, there are always some people who gonna buy it at the bottom and I might be setting buy order at the bottom as well. most of people are being too paranoid anyway thinking that if satoshi really dumps his coin it's the doomsday of bitcoin or cryptocurrency in general but if satoshi was really intended to do such thing, he might as well have done it years ago.

I'm surprised it's this late in the thread and no one has mentioned the other question, which is what will happen (and what will people think) if Satoshi decides to BURN his coins?
Well that's gonna cause huge bullrun since the amount of bitcoin owned by satoshi are so many but that's also means some percent of btc total supply gone I mean, bitcoin total supply isn't that much.



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April 17, 2021, 07:42:53 AM
 #31

surely there will be a very large shock in the public market. maybe I think it could cause a global panic for biitcoin owners. But Satoshi Nakamoto wouldn't do something stupid like that, there must be a bigger plan than worrying a lot of people just looking for a profit.
Definitely, the prices are going to plummet but the problem is what would satoshi get when he dumped all the bitcoins together because you can't just sell that if I am right, the prices is definitely going to plummet if the 1 million dump is going to happen.

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April 17, 2021, 08:48:13 AM
 #32

What are you thoughts? Huh

it depends on whether satoshi would just limit himself to selling all bitcoins or if he would also give some statement speaking ill of bitcoin.

In the case of satoshi just selling bitcoin then the price would drop considerably due to the panic but it would not drop by more than 25% and the price would recover later

But if satoshi sold and also spoke badly about bitcoin then we would have a very big drop, but also the price would recover

in both scenario satoshi would not have the power to make bitcoin fall more than 50% of the current price

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April 17, 2021, 09:27:49 AM
 #33

There would be mix reaction some would be thrilled because they know that Satoshi has come back into crypto,
Others would be afraid that it might cause a price drop if Satoshi decides to sell it all.
And also be excited to hear from Satoshi if it would happen I would like to hear what would Satoshi plan to do after the transaction.

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April 17, 2021, 09:29:38 AM
 #34

...//...:

I do not think this will happen, these coins are the intangible value of Bitcoin, although they obviously exist but certain investments are not only reflected in a physical value, it is like having insurance and never using it, the feeling of security is not quantitative.

In any case the possibility exists, so if any movement happens it is an "insurance" to the good action in favor of bitcoin and its users and not with intent to manipulate or for profit.

Someone who was able to create bitcoin can surely have income through other ways, even from the same bitcoin (other unknown or suspicious addresses).

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April 17, 2021, 04:56:26 PM
 #35

in both scenario satoshi would not have the power to make bitcoin fall more than 50% of the current price
Maybe we will consider it weak with the 1 million bitcoin it has?
The number of bitcoin Satoshi owns is probably greater than the amount the whale owns so it is very possible that if they were all sold, the price would dump dramatically. Previously, we have seen the price of bitcoin can fall by more than 15% in 24 hours without Satoshi's involvement in the market, how is it that we will not see a decrease of more than 50% if that Satoshi is involved?

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April 17, 2021, 05:04:16 PM
 #36

It's of course entirely possible that satoshi may one day come back and or could simply dump all of his coins.  Now in my humble opinion that is never going to happen, however who knows.  The other thing that I think people seem to forget or perhaps not even realize is that Satoshi likely had countless wallets.  We know of one of his wallets for sure, but who's to say he didn't have many more? Of course he did.  If Satoshi is alive he's definitely using bitcoin, just other coins from other wallets.

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April 17, 2021, 05:13:21 PM
 #37

I'm surprised it's this late in the thread and no one has mentioned the other question, which is what will happen (and what will people think) if Satoshi decides to BURN his coins?
Well that's gonna cause huge bullrun since the amount of bitcoin owned by satoshi are so many but that's also means some percent of btc total supply gone I mean, bitcoin total supply isn't that much.
It's an interesting thought. Will people rush in to buy bitcoins knowing Satoshi's 1.1 million BTC stash is gone for good? Or will it take some time before it affects the market? There's always a catalyst for a crypto bullrun like the halving every four years. A Saoshi burn could disrupt everything.

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April 17, 2021, 05:19:03 PM
 #38

What you ever wondered what will happen with Bitcoin once Satoshi moves his/her/their coins to another address on the Blockchain? While most people are focused on other aspects of Bitcoin, they haven't realized that one day Satoshi could decide to dump all of his/her/their coins for profit. Or he/she/they could decide to manipulate the market with the huge stash of coins. This will certainly bring the attention of many crypto enthusiasts as recent network activity could indicate that Satoshi is still alive.

What are you thoughts? Huh
Haha a very interesting question and I am surprised I am seeing this first time around. To be honest I am sure many bots and even people might be watching Satoshi's address like owls day and night for any activity. The very first thing will be the market's reaction. If the bitcoins are brought into exchange the moment the transaction is added to the chain you will see a massive dump in the market as people would think the creator of bitcoin has lost his trust in bitcoin which is why he is doing this.
Talking about manipulations. I don't think he needs any sort of manipulation to gain some extra bitcoins he already is pretty close to becoming the richest man on the planet.
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April 17, 2021, 05:19:26 PM
 #39

 he would probably swap his btc to a privacy coin so he still remains unonymous
would be interesting to see the aftermath of that happening
for sure many would panic
 

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April 21, 2021, 05:47:03 PM
 #40

This question is very common, everyone is curious that Satoshi Nakamoto may one day sell all the Bitcoins of his holding and cause a dump in the Bitcoin market. Did Satoshi Nakamoto create Bitcoin to destroy it with his own hands! I sincerely believe that Satoshi Nakamoto will never sell all his Bitcoins together, he is a talented man and as well as a kind-hearted human so he is the most trusted person in this community. I think Already he has made a lot of profit by creating/mining Bitcoin and if he ever decides to sell his held Bitcoin, he will make the right decision.

I don't think Satoshi would want to destroy his own creation in the long run, since it would give more power to the banks. If he/she/they is/are still alive, it would certainly bring the attention of the whole crypto community. My guess is that people and mainstream governments will be after Satoshi once his/her/their identity is revealed to the public. Moving Bitcoins to another address will give the authorities the chance find who Satoshi really is. The sale of a huge stash of Bitcoin would certainly tumble the market for a short period of time. But everything will go back to normal, thanks to whales' market manipulation.

Nonetheless, we cannot deny that the risk factor of Satoshi selling his/her/their coins is always there. It cannot be ignored no matter what. The period of inactivity could indicate that Satoshi is either dead, he/she/they lost his/her/their private keys, or he/she/they is/are waiting for the right time to make the move. Who knows what will happen in the future as Bitcoin becomes more popular in the mainstream world? As long as Bitcoin remains decentralized and open source, nothing else matters. In the event Satoshi destroys Bitcoin, anyone could simple replicate the code to "revive" Bitcoin at any point in time. For now, let's focus on making Bitcoin better for a greater good. Just my opinion Smiley

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