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Author Topic: If satoshi shows he has still controll of all of his coins what would happen ?  (Read 451 times)
PytagoraZ
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January 23, 2024, 11:48:27 PM
 #21

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

I'm sure this possibility will never happen. I'm sure Satoshi knows what will happen if there is btc transfer activity from a wallet address that allegedly belongs to Satoshi. Firstly, btc transfers from that address will instantly go viral, secondly, satoshi will become the most sought after people, thirdly, trust in bitcoin will collapse when that happens and the price will drop significantly.

I don't think Satoshi would do that for any reason because it would be the same as killing the trust in Bitcoin that has been built over the years.


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January 23, 2024, 11:48:52 PM
 #22

Lets assume that by mistake satoshi moves his coins. What would happen to bitcoin?
And how exactly could that happen? If a person wants to see their coins but plans to make no movements they can create a watch-only wallet and do this, so in order for that mistake to happen Satoshi will need to mistakenly access their regular wallet, enter a password, input an amount to send and the fee, input a bitcoin address and finally write their password again, how could this sequence of events ever be a mistake? If the coins we believe belong to Satoshi move one day, you can be sure that it was not a mistake.

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January 24, 2024, 05:07:39 AM
 #23

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

To Bitcoin's development: nothing will change, there are many Bitcoin developers, it's not that Satoshi will able to change anything that he wants.

To the market: a lot people, articles and institutions will talk about that, we might see a sudden dump since people are panic and they thought Bitcoin is no longer decentralized due to lack of understanding.

I'd say it's impossible if Satoshi made a mistake, haven't you thought how he can able to stay anonymous since 2008?
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January 24, 2024, 06:02:48 AM
 #24

Last time active here satoshi was online on dec 2010
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January 24, 2024, 06:12:22 AM
 #25

Lets assume that by mistake satoshi moves his coins. What would happen to bitcoin?
There are no negative assumptions because you are trying to force that situation to happen but it does not happen and there will never be such a situation. Why try to put yourself in negative situations?

The confusion belongs to you, not to Satoshi. I am sure that if Satoshi appears and returns to work, it will bring positivity to bitcoin the way it ideally brings. Judgment comes from us and we like to make assumptions, think about it, but people like OP like to make excuses for all kinds of problems from themselves and judge others, like you are a bad student but like to make excuses admonish excellent students about their mistakes.









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January 25, 2024, 03:22:55 AM
 #26

Lets assume that by mistake satoshi moves his coins. What would happen to bitcoin?
Nothing is impossible especially if Satoshi is more than one person, and by this question, you said moves "his" coin. Meaning that he is not stealing anybody's money, so it is not a big deal, he has the right. Like any other BTC that is being moved in and out of the market, it will be judged by the size, yet because Satoshi is involved, the impact might be more regardless of the amount moved out. The impact on the market depends on the amount of money we are talking about. But I fear that this will not expose his/their identities.

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January 25, 2024, 04:09:52 AM
 #27

Lets assume that by mistake satoshi moves his coins. What would happen to bitcoin?
I think bitcoin will be fine. But what you need to worry about is the investors. Because I am sure that if this happened, many investors would panic and would most likely quickly sell their assets. Because if, for example, Satoshi sends his bitcoin assets to the exchange, there are several possible causes for this to happen. That is

  • Satoshi wants to sell the bitcoin assets he owns.
  • Want to move bitcoin assets to another wallet.
  • Or Satoshi also wants to see the market response (the possibility is very small).

However, of these 3 possibilities, bitcoin investors will definitely be very wary of the first possibility. Because if, for example, Satoshi sent his bitcoin assets to the exchange and after that sold all his assets, then the price of bitcoin would definitely fall very deeply. Because how could it not be, Satoshi is the creator of Bitcoin. So if he sells all the bitcoin assets he owns, of course this will be a big question mark. But in my opinion all of that is quite impossible if it happens. Because until now no one knows whether this satoshi still exists or not. In addition, it is impossible for Satoshi to destroy the bitcoins he created. So it's better to stop thinking like this, bro. Because of the assumptions you make about Bitcoin, sometimes there are people who take it seriously and end up thinking paranoid.

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January 25, 2024, 04:50:28 AM
 #28

Lets assume that by mistake satoshi moves his coins. What would happen to bitcoin?
I'm sure Satoshi won't betray us after all these years of what he built and then destroyed himself? Don't expect that to happen, no matter how tempted Satoshi is with Bitcoin right now, he would have stuck with it since he decided to leave or until now. The Bitcoin he owns will remain historical evidence that must be preserved.

Despite what I believe, no one knows what the future will bring. Especially after the mysterious incident of sending large amounts of Bitcoin on January 6. There are many wild assumptions regarding the motives behind the shipment. Could it be that Satoshi wanted to convey a message because dropping around 26.9 Bitcoin was not something intentional but I'm sure there is a hidden message that we still can't understand until now.

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January 25, 2024, 05:00:46 AM
 #29

Do you mean if Satoshi by mistake retrieves back all his invented Bitcoin currency including investors Bitcoins?
Or his Bitcoin hodling in the Bitcoin space and decides to sell his own hodled bitcoins?
However, I do not think that Satoshi would ever play any of such suspicious irregularity role of action that would tend to scare the investors because it would serve a warning and threats to the Bitcoin industrial marketing crashes.
My question is.... In what reasons would he do that in the First place? To purchase the world or at his own pleases which we all know how reputable he is? Or tends to achieve his true intensions of Bitcoin inventory to rebellion?
Of course not, I don't see such happening and can't even put a realistic personal considerations to make it possibly realistic to happen.

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January 25, 2024, 05:19:30 AM
 #30

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

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January 25, 2024, 05:22:53 AM
 #31

It obviously will be bearish because many are assuming those coins are lost forever. So instead of an actual 19-20M supply, it will be 21M supply implied and bitcoin could correct.

But the bigger issue is that if he moves his coins, it depends how much. If they sends $1B coins to coinbase then obviously it’s bearish and there will be panic. But if he just moves them to a more secure wallet then the panic won’t be as bad.

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January 25, 2024, 05:49:11 AM
 #32

It obviously will be bearish because many are assuming those coins are lost forever. So instead of an actual 19-20M supply, it will be 21M supply implied and bitcoin could correct.

But the bigger issue is that if he moves his coins, it depends how much. If they sends $1B coins to coinbase then obviously it’s bearish and there will be panic. But if he just moves them to a more secure wallet then the panic won’t be as bad.

I agree that the market would panic if Satoshi intended to move or sell his bitcoins. But eventually, the panic will end and there will even be opportunities for us to buy bitcoin cheap. I think Satoshi selling bitcoin is the same as other whales selling, why are people always scared? Meanwhile we always declare that bitcoin does not depend on anyone and no one can break or harm it.

If he sells all his bitcoins, I will support him because that is the reward he deserves for his contributions to the community. He is also a bitcoin investor, we have the right to take profits, why doesn't he have the right to take profits like we do?

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kotajikikox
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January 25, 2024, 06:09:44 AM
 #33

Lets assume that by mistake satoshi moves his coins. What would happen to bitcoin?
It is impossible  to move a coin by mistake meaning if that coins moved meaning it is Satoshi that act on it and as you asks about what would happened, then for sure the market will have its big movement , depends on how the community evaluate the meaning of that said movement.

because this can be resulting to Dumping as many will secure their money by selling the bitcoins , or the other scenario is that people will keep buying because of assurance that Satoshi is still alive and kicking.

Not unless there are other entities that truly has access to that funds and from that things will have different result.

davis196
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January 25, 2024, 07:19:16 AM
 #34

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

Moving his coins "by mistake"? What does that mean? Do you move your own coins "by mistake"? Grin
Why didn't Satoshi move his coins back in 2021-2022, when the BTC price was around 59K? Does he even care about making money out of Bitcoin? Is he even alive? So many questions and no answers. The discussion about "what would happen, if Satoshi appears out of nowhere?" is pretty much pointless at this point, but random forum members keep asking the same question over and over again.
Even if Satoshi sells his one million coins, the Bitcoin market will head back to a bull run after several years of increased BTC supply.

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January 25, 2024, 07:36:54 AM
 #35

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

I don't think, Satoshi will make such mistakes to move his coins to another wallet but if such thing happen to such coins show that two things involve either he or she is trying to prove to people that he or she still remain the owner of the coins or maybe someone hack the account which we know that it will be difficult for those things to happen to Satoshi coins. If anyone told you that Satoshi is coming back to move his or her coins from the market to collapse, I will advice you not to listen to such fake information that will never come to reality. If you are holding your coins right now in your wallet,  you don't have anything to worry about if Satoshi will remove his or her coins or not, just be patience with your holding so that you will test the potential of what you are holding.

highalch
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January 25, 2024, 07:46:40 AM
 #36

Even if Satoshi sells 1M BTC, the maximum possible supply is still 21M, and everyone around the globe still agrees on the same bitcoin software and rules.

It caused a small turbulence, sure, but the existence of the network wouldn't depend on it.
Venik
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January 25, 2024, 07:49:00 AM
 #37

No one knows. I can only assume that it will make huge impact on the price, but I don't know if it would be positive or negative.
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January 25, 2024, 09:03:05 AM
 #38

What a funny post, after reading 80% are talking how a man or woman, who has create a unique thing like BITCOIN, has no right's to move his coins because it would be panic.

If and only if it will ever happend, maybe a Lost BTC Hunter find some of his coins or somebody else, if he Satoshi move his coins, no matter who move no matter who's coins ... has the right, why, you have the key ... you have the btc.

And if the system collaps after such a movement, than the sytem has never had trust from his Users.

Who cares if somebody move Billions of dollars or euros. Nobody. But the also funny thing is ... Bitcoin is the most, tracked payment system ... every movement is analysed, and monitored, best example is Old Adresses have Dormant Charts ... nothing else to say.
KiaKia
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January 25, 2024, 09:31:11 AM
 #39

We really can't say until this happens for real, there is two possibility here.

1. There will be panic because people will react to this numbers of Bitcoin, 1 million Bitcoin is not a joke, this can make people to panic sell their bags, thinking that Satoshi might start dumping.

2. There will be good reaction, like Hurray! Satoshi Nakamoto is alive all along, market can react positively to this news and Bitcoin price action won't even care what Satoshi will do next with his Bitcoin bag.

But let's not forget that even if this person might sell their one million Bitcoin, it's not comparable to the max supply of all Bitcoin, that's 21 million, it can cause some massive negative reaction but not for long.
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January 25, 2024, 11:19:00 AM
 #40

If Satoshi suddenly moves his bitcoins, i think it will be like a bomb going off in the crypto world. People would freak out and start guessing why. If he sells them, Bitcoin's price might take a hit temporarily. Even if he just moves them without selling, it would still create chaos and uncertainty in the market. It's a big deal because Satoshi is like a ghost in the crypto world and any move he makes would make waves

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