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Author Topic: If satoshi shows he has still controll of all of his coins what would happen ?  (Read 453 times)
tbterryboy
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January 26, 2024, 07:42:42 AM
 #61

There will be a lot of Bitcoin haters spamming forums and media platforms with negative predictions on how Satoshi will dump his/her/their coins.... and how this will negatively influence the price.

This FUD will spread and speculators will start dumping their coins and the "true believers" in this technology will have a field day, buying all those cheap coins.  Grin
I don't think there are lots of them because I believe many are still intelligent enough to know the details before they make a move. OP said it was only done by mistake, so there is still a chance that Satoshi will revert the action or the transaction that have just taken place. That should make the situation back to normal again. As usual, those who panic will regret their actions. Their head are too hard to repeat the mistake over and over.

But for those who are first-timers, they need to learn from it and do better next time. I don't know if Satoshi is still alive or not but if ever he is, I don't think he will dump all his BTC's. He is not greedy as other coin developers out there.
yazher
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January 26, 2024, 10:54:20 AM
 #62

if that happens, maybe it will be a bad incident for bitcoin because for a long time the bitcoin from satoshi's wallet has not moved and then when it suddenly moves it will make many users worry that at any time the coin will be sold and will disrupt the value from bitcoin. moreover, so far satoshi has been thought to be gone and has no involvement with bitcoin anymore and when this happens it will increase user attention to the decentralization of bitcoin and will reduce people's trust in it.

If they see such an event happen, surely it will create major confusion and those who are hostile against bitcoins and crypto will use it to spread FUDS and random rumors that will gonna make investors and holders panic. More likely as you said, the bitcoin price will be greatly affected but that would be a great opportunity to enter the market, especially for risk-takers like us. nevertheless, it will surely shake the whole crypto industry and it will completely change how we see the crypto market in the future.
AicecreaME
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January 26, 2024, 11:19:42 AM
 #63

Aside from a whale alert, nothing would pretty much happen unless Satoshi would transfer it to a certain exchange which I doubt that he will sell his Bitcoin.

Anyways, this wild idea has been always discussed and my opinion would still be the same. Satoshi Nakamoto would never reveal himself or even will give anyone a hint that he is here in the Blockchain, doing something. For sure he won't do anything that will risk revealing his true identity and things that won't benefit him in return.
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January 26, 2024, 11:21:27 AM
 #64

Nothing will happen, he would never dump any amount of Bitcoin. He might sell a little bit like the Ethereum Owner sells every year to survive on his creation.
And I am sure, that volume will be nothing compared to those big whales which buy/sell 1000s of Bitcoins every day on CEX or DEX. Nothing will happen due to his selling.
The rest depends upon how users take it.
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January 26, 2024, 11:39:44 AM
 #65

If this happens it depends on what kind of move he will take, if he transfer only a large amount of asset into other wallet nothing much will happen but if he want to buy or sell more BTC that's the time people want to grab the opportunity to make profit with the market, but this moves makes a huge possible impact to the people like he sell a large amount of BTC for sure not only the people but establishment related and supported with the bitcoin will affect on it. I guess he make a transactions but not quite that affect most of us.

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Iroh
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January 26, 2024, 01:53:44 PM
 #66

Lets assume that by mistake satoshi moves his coins. What would happen to bitcoin?

There’s no moving coins by “mistake”. Any move made would be quite intentional and Satoshi moving his coins would surely cause a stir in the crypto market. Although, the stir caused by a move would depend heavily on where the coins are being moved to.
If the coins are moved to an address of a known exchange, then there’s the likelihood of the coins being sold for fiat or whatever. Now that’s a move that I think its sure to cause some movements in the price of bitcoin. But if it’s a harmless move from an address to another, it would only confirm he’s still alive and kicking and would cause little to no impact.
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January 26, 2024, 02:32:46 PM
 #67

Nothing will happen, he would never dump any amount of Bitcoin. He might sell a little bit like the Ethereum Owner sells every year to survive on his creation.
And I am sure, that volume will be nothing compared to those big whales which buy/sell 1000s of Bitcoins every day on CEX or DEX. Nothing will happen due to his selling.
The rest depends upon how users take it.

I agree with you, nothing will happen to bitcoin and to the market when Satoshi sells his bitcoins. He holds a lot of bitcoin but that's compared to us, but compared to the total supply of bitcoin as well as the market, that's nothing.

It has always been said that bitcoin is independent and will not be influenced by any individual or organization. But the funny thing is that people are afraid that Satoshi owns 1 million bitcoins and will sell it. That shows that people don't have as much faith in bitcoin as people say every day. For me, let him sell all those bitcoins, I believe the market will absorb all those bitcoins easily without any problem.

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