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Author Topic: If satoshi shows he has still controll of all of his coins what would happen ?  (Read 451 times)
rodskee
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January 25, 2024, 11:26:45 AM
 #41

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.
You said it right mate , that is completely what will happen because the effect will be temporary
and indeed that it will be small movement as the supply is really smaller than that 21 million as there are so
much floating in the air that cannot be retrieve so the value will keep growing year after year , not unless
upon moving the wallet the bitcoin will be sold and  converted into dollar because from that surely there is
something happening inside and alarming to all of us.

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January 25, 2024, 11:46:20 AM
 #42

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

Op, in as much as I like your assumption and this your assumed question has put a high thought of reasoning in many of us here, I don't think that will ever happen, even though he is the inventor, people has been fully involved now and this coin we are talking about is been controlled by market force, when we talk about market force, it is we the individuals that push the market, that's to say without you and me bitcoin would have not gather such a momentum we are seeing now, Satoshi can not think towards that direction because he has never done it before, so why now that his invention is in the lead. 

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January 25, 2024, 11:58:01 AM
 #43

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

Op, in as much as I like your assumption and this your assumed question has put a high thought of reasoning in many of us here, I don't think that will ever happen, even though he is the inventor, people has been fully involved now and this coin we are talking about is been controlled by market force, when we talk about market force, it is we the individuals that push the market, that's to say without you and me bitcoin would have not gather such a momentum we are seeing now, Satoshi can not think towards that direction because he has never done it before, so why now that his invention is in the lead. 
Sorry but do you really know what the topic says? it is not about  Satoshi will move the market but we are talking about the Funds of satoshi if being moved then what will be the market reaction though it is impossible that it will be moving mistakenly lol.
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
but that will be temporary mate and it is not be Bomb but will be the next to move the market from on and off ,  and actually that is something will wake up more people to listen about the bitcoin and surely the beginning of the biggest growth.









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January 25, 2024, 12:01:56 PM
 #44

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

Satoshi is probably dead so that will not happen.

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January 25, 2024, 12:04:29 PM
 #45

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

I guess nothing can happen except if he will be converting his holding to cash in the many exchanges that we have right now. Now, having said that, I think a big news like this can even be helping Bitcoin as people will now see the man behind the Bitcoin and maybe can also provide the leadership and guidance sorely needed. Of course, this is just my personal opinion and I could not predict the future in any way. However, this can be just a wishful thinking as nobody can be sure if Satoshi Nakamoto is still alive and if he was a real person in the first place.

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January 25, 2024, 12:11:03 PM
 #46

Lets assume that by mistake satoshi moves his coins. What would happen to bitcoin?
This will definitely cause panic. Weak hands will begin to get rid of bitcoin, as happens with any event in the cryptomarket, which will lead to a short-term drop in value. Strong hands will continue to hold bitcoin in their wallets and, taking advantage of the weakness of others, will buy up bitcoin on the cheap. The rule: the poor get poorer and the rich get richer works here too.

If you are afraid of an immediate (complete collapse) of bitcoin, then this will not happen. The cryptomarket will regulate itself. Bitcoin is strong enough to “not notice” the movement of these coins.

A magic crystal ball told me this. Smiley

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January 25, 2024, 12:18:00 PM
 #47

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

Satoshi is probably dead so that will not happen.

I also think he is dead, I still believe that Satoshi is Hall Finney.

Even if they say that story about the email and transactions during Hal's race, he could very well have instructed someone in the family to do that to mislead about his real identity.

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January 25, 2024, 12:33:06 PM
 #48

You don't move coins by mistake.

If Satoshi does move his coins, the result on the market will depend on if he is transferring from one cold storage to another or if he's moving them to an exchange wallet which suggests the intention of wanting to sell.

All of the whale alert accounts would being hysteria as well as blogs too, and there would be speculations of if Satoshi wants to come out of anonymity.

If there is no more movement from the account, the crypto community would move on after a week or two.
I believe that even the movement is from one cold wallet to another, there will be panic because it will confirm that Satasho is still alive and in control of his assets. This may affect future plans of many investors because of the fear that Satasho can sometime in the future, dump his coin which will be devastating for Bitcoin. The fact is that it is better for Bitcoin when it is seen and believed that no single individual or entity actually have control of it. This is part of the confidence of investors and if that changes any day, there will be negative effect. 

I do not think Satoshi will do this because most likely he would have donated those Bitcoin to the community and started mining other Bitcoins anonymously if he is still alive.

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January 25, 2024, 12:39:14 PM
 #49

Lets assume that by mistake satoshi moves his coins. What would happen to bitcoin?
If that happens I think that it will be one of the main headlines on the internet especially social media and on television news. Fake Satoshi Nakamoto copycats emerging online and proclaiming themselves as the legendary founder of Bitcoin will surely be having a heart attack. 😆

Let's assume that the founder is just watching us, with his presence today I think he has some good news to solve any lapses or make some improvements and upgrades that will make Bitcoin invulnerable to any future attacks.



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January 25, 2024, 01:28:46 PM
 #50

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

I don't think anything bad will happen to bitcoin if Satoshi moves is coins, doing this will only make people know that Satoshi is alive, because this is a sign people have been looking for.for me I think doing this will affect the market market positively because I don't see anything if Satoshi moves his coins,  this is the same thing every average investor can do. It will just be interesting to know that Satoshi is alive. 
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January 25, 2024, 01:56:09 PM
 #51

I think this will never happen. Satoshi doesn't need this money.
But if all the coins were sold, the rate could fall many times by 2-10 times
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January 25, 2024, 07:36:46 PM
 #52

I believe that even the movement is from one cold wallet to another, there will be panic because it will confirm that Satasho is still alive and in control of his assets. This may affect future plans of many investors because of the fear that Satasho can sometime in the future, dump his coin which will be devastating for Bitcoin.
Without any contrary information, the general idea is that Satoshi is alive and in control of his assets, we cannot assume otherwise if we don't have any information on that.

But you're right that there still would be panic whichever direction Satoshi moves his coins, but if it's from one cold storage to another the impact will be notably lesser than if it is to an exchange address and more short lived.

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January 25, 2024, 08:36:36 PM
 #53

Lets assume that by mistake satoshi moves his coins. What would happen to bitcoin?
We don't know what will happen but there will be a chaos, for sure. As far as I know, it's estimated that he owns up to 1.1 million BTC. There are 19 million bitcoins in circulation. Satoshi owns more than 5% of bitcoins that are in circulation. As far as I know, no private or public company owns as much as Satoshi owns, no other individual and organization owns that much too. Now, imagine, tomorrow comes satoshi with one million bitcoins, what will happen? Panic, absolutely every bitcoin holder will be in panic, every business owner and employees will be in panic because it's the situation that no one has thought about and no one has a plan to deal with it. It's a shock.

But let me understand. Didn't he move any of his BTC?
Isn't he an active member of BTC?

It might sound silly, but I'm not really aware of Satoshi, if he's out there moving his coins.

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January 25, 2024, 09:50:53 PM
 #54

But let me understand. Didn't he move any of his BTC?
from what I have read, after he disappeared he hasn't moved any of his coins.

Isn't he an active member of BTC?
not after he disappeared, or at least that is what we know. maybe he is still active but only using a different identity, who knows.

It might sound silly, but I'm not really aware of Satoshi, if he's out there moving his coins.
if you are curious about Satoshi there are articles you can read about him they are just one Google search away. anyway,  as I have mentioned before, from what I have read from articles before, the BTC on his wallet has not been moved or sold.

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January 25, 2024, 10:11:19 PM
 #55

There would be a drop naturally since people would start assuming jack about what he plans to do with his coins, the most notable choice would be that he's going to start selling it. And if he does, said drop would probably drop more since it'd be pretty obvious when an influx of coins suddenly starts entering the market. That's about it really. The market would gradually regulate itself afterward and how slow remains to be seen though.

Development wise I highly doubt anything would change. Satoshi may be the one who started it but now it's being maintained and developed by countless contributors. Satoshi appearing and moving his coins wouldn't put a dent on that.

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January 26, 2024, 01:50:33 AM
 #56

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


If Satoshi return, satoshi's involvement might provide valuable guidance for the future development of Bitcoin, potentially enhancing its technology. However, the return could create uncertainty, causing inna market fluctuations and affecting investor confidence.
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January 26, 2024, 02:49:08 AM
 #57

Lets assume that by mistake satoshi moves his coins. What would happen to bitcoin?
We don't know what will happen but there will be a chaos, for sure. As far as I know, it's estimated that he owns up to 1.1 million BTC. There are 19 million bitcoins in circulation. Satoshi owns more than 5% of bitcoins that are in circulation. As far as I know, no private or public company owns as much as Satoshi owns, no other individual and organization owns that much too. Now, imagine, tomorrow comes satoshi with one million bitcoins, what will happen? Panic, absolutely every bitcoin holder will be in panic, every business owner and employees will be in panic because it's the situation that no one has thought about and no one has a plan to deal with it. It's a shock.
I agree with sure, chaos would be the first thing. Then the FUD would start, probably people claiming they know who Satoshi is and what he's going to do with his bitcoins, governments that would go after him, etc etc. The price would dump, people would start selling, it would be a mess. At the point also the altcoins market would dump, maybe even more than bitcoin's.

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January 26, 2024, 03:00:54 AM
 #58

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.

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January 26, 2024, 06:13:38 AM
 #59

Lets assume that by mistake satoshi moves his coins. What would happen to bitcoin?
If Satoshi moves his coins it could affect bitcoin a bit but it doesn't seem likely now. Since Satoshi has not released any information so far it is difficult to trace it. Bitcoin will remain where it was. There will be no negative impact on bitcoin. It has nothing to do with bitcoin if there was people would find the sign.

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January 26, 2024, 06:20:40 AM
 #60

Lets assume that by mistake satoshi moves his coins. What would happen to bitcoin?
if those coins where move, there are lot of things the might happen,
For example community will be in awe, the market might pump, and news about satoshi will spread that the person is still alive or, people will think that someone might have steal satoshi wallet, or might drag the market down since they will spread fuds, so this are the thing that might happen but for sure those coins might be not be move at all.

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