effect of a million bitcoins

[Mpamaegbu]

what will be the effect on network and different technical metrics, if anyone sent 1 millions bitcoins in 1 transaction (hypothetically for now because no one have even 2% in one wallet)

If a situation like that were ever going to be possible, I said ever going to be possible because there's no single wallet that hodls 1million BTC, it will only cause FUD in the market whose end product is dump. The good thing from such a situation will be that wealth will be recreated or redistributed. Every serious dump affords those who couldn't buy in at high to get in at low. That's how so many wallets get Bitcoin as against the few that hedl those quantities in the past.

No effect on the network at all, only I think if the sender is kind enough to set a very high fee for the miner's reward (as a billionaire) say 1000BTC for a single transaction, then it will probably be a record in bitcoin mining history using current price conversion.

I like records getting broken and history made. It will help widen our scope of discussion in this industry if that were ever going to be possible. Sadly, this won't happen.

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[CarnagexD]

what will be the effect on network and different technical metrics, if anyone sent 1 millions bitcoins in 1 transaction (hypothetically for now because no one have even 2% in one wallet)

If it will be sent just to another wallet, then nothing will change it will only be transferred. If it is via exchage only transaction fee will be cut.
If it is on the market place, it will only be set as a limit order. Unless someone is willing to buy that kind of amount, the price will not drop. In terms of exchanges they will usually chunk your orders into many limit orders.

It will drop. But not significantly.

[Wildwest]

If sending 1 million bitcoins in one transaction will certainly be difficult to do because the trading volume required is very large, if this can be done then a price drop will definitely occur because such a large transaction will affect other investors because they feel panic with such a large transaction, and until now I have not found a wallet address that has that many bitcoins, and I'm sure Satoshi is a person who has such large assets because he is the owner of bitcoin, of course it is very reasonable and I am sure he will not make such a big transaction.

[Victorik]

Let me get you correctly; do you if someone sells off 1 million BTC or just send from one wallet to another?
Well, if it's just transferring from one wallet to another, it won't affect the price, but I am sure that no one even has anything close to that in the first place.

[ringgo96]

The effect if bitcoin $ 1 million is sold in one transaction then a big influence on the value of bitcoin certainly a decrease must occur because such a big sale will arise a lot of questions and panic for every investor must be felt, so such a big transaction has never happened and I don't think even a big whale has such a big bitcoin asset, so don't expect this to happen because we don't want anything negative to happen to the cypto market, And the volume of transactions required is very high so this will be difficult to happen.

[umbara ardian]

A transaction worth one million bitcoins will be treated similarly to any other transaction. The network will validate it and put it on the blockchain, and eventually it will be confirmed. Whether a significant impact is likely to be felt on the market and, as a result, market sentiment When the market reaction to large transactions, especially those involving large amounts of bitcoin, is influenced by market sentiment and dynamics, that can lead to increased selling pressure. However, a hypothesis is still a hypothesis, so don't think too much about it.

[KingsDen]

The effect if bitcoin $ 1 million is sold in one transaction then a big influence on the value of bitcoin certainly a decrease must occur because such a big sale will arise a lot of questions and panic for every investor must be felt, so such a big transaction has never happened and I don't think even a big whale has such a big bitcoin asset, so don't expect this to happen because we don't want anything negative to happen to the cypto market, And the volume of transactions required is very high so this will be difficult to happen.

This will dump the market depending on the direction of the transaction flow. If it is moving from a non custodial wallet to another non custodial wallet, the market will not dump. If it moves from exchange to non custodial wallet, the market will improve instead. But if it moves from non custodial wallet to an exchange, the market will surely crash with alot of panic.

A transaction worth one million bitcoins will be treated similarly to any other transaction. The network will validate it and put it on the blockchain, and eventually it will be confirmed.

This is right. But I doubt there will be alot liquidity to handle that. For sure CEX cannot handle such a transaction. Wallets will do since it's pursing the transaction directly to blockchain. But who has 1 million btc anywhere?

[be.open]

I think a transaction to move a million bitcoins is even theoretically impossible. Even if Satoshi decides to consolidate all his outputs at 50 btc, this transaction will have 20,000 inputs and it will not fit into the block. Correct me if I am wrong.

[tbct_mt2]

This will dump the market depending on the direction of the transaction flow. If it is moving from a non custodial wallet to another non custodial wallet, the market will not dump. If it moves from exchange to non custodial wallet, the market will improve instead. But if it moves from non custodial wallet to an exchange, the market will surely crash with alot of panic.

If they move coins to trade, before they actually trade their coins, market will be affected by panic and people will guess that those coins will be sold on market. We never know that they will sell or not sell but panic effect will occur ahead. I believe those transactions will be made to create panic rather than actually for trading.

If they want to sell their coins, they don't want to do effects that will eat their trade value and they will try to hide their intention as most as possible.

Moving coin out of exchange will cause more belief that there will be less selling pressure on market but we never know when they will move their coins back to exchanges. Another guess that will be psychological manipulated by whales.

[Bitcoin_people]

If 1 million bitcoins are sent in a single transaction, network and technical metrics will be affected. And sending 1 million bitcoins will definitely require network bandwidth. Transactions using network bandwidth can disrupt network traffic and increase transaction time if the network bandwidth is insufficient. And if the network has long latency, the time Bitcoin takes to complete the transaction increases.

[thecodebear]

what will be the effect on network and different technical metrics, if anyone sent 1 millions bitcoins in 1 transaction (hypothetically for now because no one have even 2% in one wallet)

There would be no effect. The bitcoin blockchain is perfectly able to transact a million bitcoin in one transaction. So as with every other transaction it would arrive at its destination in 30-60 minutes and at current rates this would be sending $27.3 billion of bitcoin with a ~$2 transaction fee (assuming its not made up of tons and tons of inputs).

[JayTrain]

what will be the effect on network and different technical metrics, if anyone sent 1 millions bitcoins in 1 transaction (hypothetically for now because no one have even 2% in one wallet)

A transaction with 1 million bitcoins would cause congestion and high fees in the Bitcoin network. It would attract scrutiny from regulators, but such a transaction is unlikely due to practical limitations and how Bitcoin transactions are designed.

[Magic-Money]

That we course a very high transaction fees and market been in dip position, if everyone start making a transaction of Bitcoin from one wallet to another in the same time, in other words, is not possible because is a few people that holds up to one Bitcoin, and is company or institution that holding more than a Bitcoin in the Wallet.