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Author Topic: What will happen if Satoshi moves or sells his Bitcoin?  (Read 646 times)
izsara
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April 30, 2021, 04:49:09 PM
 #81

If this happens I'm sure all bitcoin holders today are starting to experience tremendous unrest including me Smiley I think I will be very nervous about this.
because if this happens I think Satoshi is killing his career in bitcoin that he has been running so far.
everything related to bitcoin will be destroyed because of this and I think it is possible for bitcoin itself to drop very big

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April 30, 2021, 05:03:16 PM
 #82

If this happens I'm sure all bitcoin holders today are starting to experience tremendous unrest including me Smiley I think I will be very nervous about this.
because if this happens I think Satoshi is killing his career in bitcoin that he has been running so far.
everything related to bitcoin will be destroyed because of this and I think it is possible for bitcoin itself to drop very big
I don't think such a drastic impact will be experienced if Satoshi moves his bitcoin. There were more whales who hold a big volume of bitcoin on their wallets. Often we can see big volumes getting moved from specific wallets. It can be of selling or towards something else. Does that makes any big impact over the cryptocurrency market. So, there might be small disturbance which will correct itself within short time period.
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April 30, 2021, 05:57:39 PM
 #83

If this happens I'm sure all bitcoin holders today are starting to experience tremendous unrest including me Smiley I think I will be very nervous about this.
because if this happens I think Satoshi is killing his career in bitcoin that he has been running so far.
everything related to bitcoin will be destroyed because of this and I think it is possible for bitcoin itself to drop very big
I don't think such a drastic impact will be experienced if Satoshi moves his bitcoin. There were more whales who hold a big volume of bitcoin on their wallets. Often we can see big volumes getting moved from specific wallets. It can be of selling or towards something else. Does that makes any big impact over the cryptocurrency market. So, there might be small disturbance which will correct itself within short time period.
- Satoshi's strong point is not that he holds a large amount of bitcoin when you are right that today too many whales have massive amounts of bitcoin to manipulate, the strong point that we should clearly see is his reputation, Elon Musk's case also shows how the value of fame can affect the market. So the start of Satoshi wouldn't be a little shuffle, his identity was too big to intimidate and create earthquakes in this market but the details on his face are still too big questions, he is too anonymous and exists as a stranger to the marketplace


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molsewid
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April 30, 2021, 06:00:10 PM
 #84

If this happens I'm sure all bitcoin holders today are starting to experience tremendous unrest including me Smiley I think I will be very nervous about this.
because if this happens I think Satoshi is killing his career in bitcoin that he has been running so far.
everything related to bitcoin will be destroyed because of this and I think it is possible for bitcoin itself to drop very big
I agree with you there mate. Since Satoshi is the developer and founder of Bitcoin it has a great possibility that bad thing will happened if he sells his Bitcoin. But I don't think Satoshi will sell his Bitcoin or if he will, there still someone who can work like him or much better at him. I was imagining maybe they train someone who can replace to him if ever he decided to sell his bitcoin. He will sell it to someone he trusted so much. I was trying to be optimistic here.
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May 16, 2021, 07:42:42 PM
 #85

If Satoshi sells his bitcoin the price will go way down.  At that time folks should buy as much as they can afford because the price will go right back up in a few years to where it is now or even better.  This is MHO.
Indeed, those who have a lot of bitcoins now, they will suffer. The bitcoin price is clearly going to fall. But many, including myself, will be purchased at a low price. And eventually bitcoin will grow again.
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May 17, 2021, 05:23:53 AM
 #86

that would be high corrrection . but i dont think satoshi will ruin community for doing massive selling at  the time especially for crypto that he  created himself if he want doing that he already doing it when price react 1k or 10k, some people and media said he already mined aprx 1 million bitcoin and if he just moving bitcoin to another address for sure will impact bitcoin price .
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May 17, 2021, 07:31:19 AM
 #87

If this really happened, Satoshi actually sold all his bitcoins, I am very sure, everyone will feel very disappointed ,, everyone will go to find him ,, but I don't think that's possible, because Satoshi has been here for 13 years ,, Satoshi will always be loyal to botcoin ,, and will never sell or move to another.
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May 17, 2021, 07:38:37 AM
 #88

I don't want to think about it, because it's unlikely to happen in reality.

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May 17, 2021, 08:19:38 AM
 #89

I don't want to think about it, because it's unlikely to happen in reality.
Yes, it is unlikely to happen. However taking into consideration and making discussion will make us stay with proper plans if the unlikely incident happens. We can't get into conclusion on anything, because if there is none to take over his funds after his life the fund is useless and won't have any impact on the market. If sold the market will get boosted with the additional circulation.

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May 17, 2021, 08:29:35 AM
Last edit: May 20, 2021, 09:38:26 PM by mprep
 #90

I think if that's true, it's not fully decentralized bitcoin, and I think it's a bitcoin meltdown, the market could probably break down by up to 80% and should recover long enough maybe over 5 years if investors still believe, bitcoin is favored because of its true decentralized nature.



If Satoshi sells his bitcoin the price will go way down.  At that time folks should buy as much as they can afford because the price will go right back up in a few years to where it is now or even better.  This is MHO.
That would happen if bitcoin was still trusted after Satoshi moved bitcoin from his wallet. In fact, I'd rather believe satoshi has sold his bitcoins or satoshi lost access to his wallet. Why satoshi also does not appear maybe it will make him a fugitive because it will rival fiat.

[moderator's note: consecutive posts merged]

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May 17, 2021, 08:34:39 AM
 #91

I don't want to think about it, because it's unlikely to happen in reality.
Then you are a killjoy then, try to at the least entertain the hypothetical situation that might happen. For me, if satoshi were to sell all of the 1 million bitcoin that satoshi has, I am sure that the whole crypto market and community will panic because since that would be the biggest dump of prices in the bitcoin's decades worth of history.

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May 17, 2021, 08:40:00 AM
 #92

We will see the biggest btc dump in the whole history. Thats simple. Sounds like Satoshi trap
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May 18, 2021, 05:26:08 PM
 #93

If Satoshi comes out of his anonymity and sells all his Bitcoins I would be happy.
First,Satoshi is still alive.
Second,the Bitcoin price will drop,which means cheap Bitcoins for everyone.
Third,the 1M Bitcoins,that Satoshi holds will be re-distributed across multiple small and medium-sized HDOLers,which means that Bitcoin price fluctuations will no longer depend on the decisions of one person.
Anyway,I don't believe that Satoshi Nakamoto is ever going to sell his 1M coins.

At this point in time, I think Satoshi is either dead or waiting for the right moment to move his/her/their Bitcoin. It's probable that Satoshi is dead, considering that it's been a long time since we've last heard from him/her/them. What will happen with the dormant Bitcoins is a mystery. There's fear that the large stash of Satoshi's Bitcoin holdings could plunge the cryptocurrency's price over the short term. Whenever Bitcoin will recover after that, it's yet to be seen. Whales would probably buy as much cheap Bitcoin as they can, effectively rising the cryptocurrency's price on the market at a fast pace.

What's important right now is not Satoshi, but rather the longevity of Bitcoin as a decentralized cryptocurrency for the world. As long as there's a community supporting it every step of the way, there should be nothing to worry about. At this pace, it seems to me that Bitcoin will last for many years. This wouldn't be possible if Bitcoin was a centralized cryptocurrency like other failed projects before it (Ecash, Bit Gold, etc.). With or without Satoshi, Bitcoin will be here to stay. Just my opinion Smiley

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May 18, 2021, 05:43:26 PM
 #94

I think that Satoshi sells his stocks of coins anyway, but I am sure that from different wallets, so as not to attract the attention of crypto enthusiasts, because if at least someone finds out that he sold at least one bitcoin, there will be a boom around this deals, but it will have a positive effect on the course, a big question ...
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