What if Satoshi Nakamoto withdraws all his Bitcoin?

[Sammye3]

Satoshi Nakamoto has an untouched Bitcoin since 2010 with an estimated amount of about 1.1 million Bitcoin with Bitcoin having a total supply of about 21 million Bitcoin and circulating supply ( 19,906,243 ).
Now here is the question, what would happen if Satoshi Nakamoto withdraws all his Bitcoin.

I guess this has being a popular question with unpopular perspectives but to throw more light into this. No one has any information on him as he remains anonymous with his last message to Bitcoin developer Mike Hearn saying "I've moved on with other things, it's in good hands with Gavin and everyone"

Research has it that he is responsible for the "mega whale wallet" massive transaction as at 2010 and suspected he hasn't gone off but tactically cashing out since 2019. He has being known for his intelligence and analytical thinking and wouldn't see it fit to withdraw all his Bitcoin at once causing a drastic decline in Bitcoin's price.

The market would experience a major fall as he holds about 5% of Bitcoin's total supply with other cryptocurrency being affected as Bitcoin has being seen to be the father of all of all digital currency. But Bitcoin being a decentralized exchange that nobody can control and having a high demand would definitely bounce back I know.

With this, I think Bitcoin has full potential to bounce back after a massive reverse just if Satoshi Nakamoto withdraws all his Bitcoin.

[_act_]

I am no expecting Satoshi to withdraw his coins but if it happens, people will see it as an opportunity to sell and which means the market will react to it.

The price of bitcoin will fall not only because Satoshi sold his bitcoin but also because people are selling their bitcoin. So the market price of bitcoin will fall significantly but which bitcoin can handle.

The price of bitcoin will later rise back.

[ABCbits]

Now here is the question, what would happen if Satoshi Nakamoto withdraws all his Bitcoin.

If you mean selling Bitcoin for fiat, it means Satoshi put his identity and safety at risk. It'll leave trace for others (such as government agency) to discover his identity and maybe even tracking his location.

Research has it that he is responsible for the "mega whale wallet" massive transaction as at 2010 and suspected he hasn't gone off but tactically cashing out since 2019.

For part "but tactically cashing out since 2019", can your provide source or provide explanation about this suspicion?

[Cookdata]

Ever time Satoshi this and that, why not worry about Micheal Saylor wallet address that has 3% of the Bitcoin supply. I don't trust but if I'm to choose between Satoshi and Saylor, I trust Satoshi not to touch his Bitcoin than Micheal who owns a company.

I want you to know that "withdraw his Bitcoin" is different from "withdraw his Bitcoin and sell everything". It's been years since Satoshi left Bitcoin for the community and even if he is alive today, he wouldn't suddenly want to break  something he dedicated his life for. His vision and mission is in the whitepaper and that's what Bitcoin is doing today.
If Satoshi decided to move his Bitcoin from his original wallet address to another wallet, it's going to cause some markets shake, sentiments and FUD but that is not going to stop Bitcoin from what it's going to do. Bitcoin isn't longer about Satoshi, Bitcoin is now for everyone.

Stop worrying about the least problems of Bitcoin.

[₿itcoin]

The rumour that Satoshi sent 50 BTC in 2020 has been disproved & the estimated 1.1 million BTC (based on the Patoshi pattern) hasn't moved yet.  what's more, Bitcoin is decentralised money & not a DEX.  The price will plummet in the short term if he dumps, however since the whales path through OTC & Bitcoin's crypto liquidity is the deepest, it is sure the market will eventually reabsorb.  TL;DR:  Protocol doesn't care who rage-sells, though it is scary headlines & a strong network.

[hd49728]

Satoshi Nakamoto has an untouched Bitcoin since 2010 with an estimated amount of about 1.1 million Bitcoin with Bitcoin having a total supply of about 21 million Bitcoin and circulating supply ( 19,906,243 ).

There are only estimations on how many bitcoins Satoshi Nakamoto has and estimations have possible inaccuracy. Nobody can identify and know exactly how many bitcoins the Bitcoin founder actually has.

https://intel.arkm.com/explorer/entity/satoshi-nakamoto

Now here is the question, what would happen if Satoshi Nakamoto withdraws all his Bitcoin.

Market will be shocked and many people will panic sell emotionally but Bitcoin market is big enough to absorb this selling pressure from Satoshi Nakamoto. In addition, as a founder of Bitcoin with many years of experience, I believe that Satoshi Nakamoto will not dump all his bitcoins on a single day. This gradual selling method will help the market more easily absorbs his bitcoins.

[goldkingcoiner]

Satoshi Nakamoto has an untouched Bitcoin since 2010 with an estimated amount of about 1.1 million Bitcoin with Bitcoin having a total supply of about 21 million Bitcoin and circulating supply ( 19,906,243 ).
Now here is the question, what would happen if Satoshi Nakamoto withdraws all his Bitcoin.

I guess this has being a popular question with unpopular perspectives but to throw more light into this. No one has any information on him as he remains anonymous with his last message to Bitcoin developer Mike Hearn saying "I've moved on with other things, it's in good hands with Gavin and everyone"

Research has it that he is responsible for the "mega whale wallet" massive transaction as at 2010 and suspected he hasn't gone off but tactically cashing out since 2019. He has being known for his intelligence and analytical thinking and wouldn't see it fit to withdraw all his Bitcoin at once causing a drastic decline in Bitcoin's price.

The market would experience a major fall as he holds about 5% of Bitcoin's total supply with other cryptocurrency being affected as Bitcoin has being seen to be the father of all of all digital currency. But Bitcoin being a decentralized exchange that nobody can control and having a high demand would definitely bounce back I know.

With this, I think Bitcoin has full potential to bounce back after a massive reverse just if Satoshi Nakamoto withdraws all his Bitcoin.

Then we will have an extraordinary opportunity to buy the gigantic dip before the market eats up all the coins. Selling 5% of the total Bitcoin is not going to destroy Bitcoin but it will definitely have a large short-term impact on the price. And he will not be able to sell it instantly anyway, because the orderbooks on the exchanges cannot handle such an amount. And people will panic, which will drive the price down even more.

So it will be a gradual process and it will be sold to the whales.

Either way, it will be cheap Bitcoin and a one-in-a-lifetime chance to buy them.

[Sanitough]

Of course the price will drop, and there’s even a possibility it won’t recover right away because that kind of move would trigger huge panic.
Bitcoin reached this level because of trust, and part of that trust comes from Satoshi never touching his coins, even if the current price already made him a billionaire on paper.

Since he hasn’t withdrawn anything up to now, I don’t see a reason why he’d suddenly withdraw all his Bitcoin in the future.

Doing that would only kill the market.

[bhadz]

We can think of the scenario when the whales are selling their Bitcoins and cashing out from the market. That means that the price decreases and selling pressure is higher. We see the quick reaction of the market, and a correction happens. And with the tweets, posts and articles that we see, if they're so quick to post about satoshi dumping his Bitcoins, everyone panics and will describe this as a sinking boat and so the price will plummet a lot. But the real ones will stay and will buy all of those Bitcoins that have been sold.

[348Judah]

With this, I think Bitcoin has full potential to bounce back after a massive reverse just if Satoshi Nakamoto withdraws all his Bitcoin.

He may be the largest holder for now, but that does not change anything about what bitcoin stand to offer, if he decides to withdraw all his Bitcoin, does that means he's going out of the market completely or he just want to use the strategy of buying the dip and hold, besides, I don't see any relevance in knowing about what Satoshi might do or how the market reacts towards his decision to withdraw or sell all his Bitcoin.

[SquirrelJulietGarden]

He may be the largest holder for now, but that does not change anything about what bitcoin stand to offer, if he decides to withdraw all his Bitcoin, does that means he's going out of the market completely or he just want to use the strategy of buying the dip and hold, besides, I don't see any relevance in knowing about what Satoshi might do or how the market reacts towards his decision to withdraw or sell all his Bitcoin.

With his massive Bitcoin fortune that if he cashes out, he won't be able to use all of such huge money, I think he does not mind of selling and waiting for opportunities to buy back, buy dips later.

In addition, person like Satoshi Nakamoto can have Bitcoin addresses that we can not know as all estimations on his bitcoin holding used an assumption that early Bitcoin addresses belong to Satoshi Nakamoto. While in reality, he would have mined bitcoin a long time later and would have used addresses that are not in any assumption.

[tiCeR]

Now here is the question, what would happen if Satoshi Nakamoto withdraws all his Bitcoin.

If you mean selling Bitcoin for fiat, it means Satoshi put his identity and safety at risk. It'll leave trace for others (such as government agency) to discover his identity and maybe even tracking his location.

The safety question isn't as relevant anymore as it used to be when it was discussed back in the days. When bitcoin had no real legal status, I think one of the major risks was prosecution based on whatever legal authorities could have come up with to blackmail him or actually set an example. Now that this is not a risk anymore in most jurisdictions, I don't think risk exposure due to others knowing that he owns that many BTC is a big deal. If it was because $5 wrench attacks could happen (which I doubt a billionaire would allow to happen), then people like CZ or Saylor would be as much at risk as Satoshi would be.

This could still be a large organizational operation to put infrastructure in place that allows authorities to track down the flows of money. There are lots of interesting issues with negligently using cryptocurrencies: all these exchanges and swap services with those easy to use interfaces (one currency against another) are gathering an incredible amount of network data. They know all the input and output addresses and can hence provide not only single user addresses, but whole maps for single users, user groups and financial flows. And then they make that data accessible to authorities either because they agreed upon sharing the data upfront as a deal to not get their services shut down, or they sell the data.

I know the second part is a bit off-topic, but I bring this up because if bitcoin is a large scale organizational or governmental operation, then the individual Satoshi Nakamoto doesn't exist in the first place. But risk because of revealing his identity should be no more of a threat to Nakamoto than it is to any other billionaire and if anyone has the means to protect against potential risks, then it is the billionaires.

[SquirrelJulietGarden]

I want you to know that "withdraw his Bitcoin" is different from "withdraw his Bitcoin and sell everything". It's been years since Satoshi left Bitcoin for the community and even if he is alive today, he wouldn't suddenly want to break  something he dedicated his life for. His vision and mission is in the whitepaper and that's what Bitcoin is doing today.

Everyone need money some times and Satoshi Nakamoto might suddenly need money when his finance is in troubles or he in an accident for example. However, he will not need to sell all bitcoins he has, so I very agree with you. The Bitcoin founder has never needed to sell all of his bitcoin so far and will not have such need in the future.

It's first reason, he does not need to do this for money (sell all his bitcoins for money), and there is a second reason relates to his great dedication in building up Bitcoin project, and wanting it to succeed. It in turn makes him very unlikely does things are hamrful for Bitcoin and Bitcoin community.

[Obim34]

"What if Satoshi " question is more like a rhetorical question that none of us can answer.

First we can't tell if Satoshi is alive or still has access to his wallet, the chances of Satoshi returning to withdraw his Bitcoin is very unlikely to happen.

If he does, then great news as we get to prepare for massive dips which is an opportunity to buy very low and wait a few years to sell when the price begins to pump back up, making profits from Bitcoin has always been from buying low and selling high.

[Xtraordinarious]

Then we will have an extraordinary opportunity to buy the gigantic dip before the market eats up all the coins. Selling 5% of the total Bitcoin is not going to destroy Bitcoin but it will definitely have a large short-term impact on the price. And he will not be able to sell it instantly anyway, because the orderbooks on the exchanges cannot handle such an amount. And people will panic, which will drive the price down even more.

So it will be a gradual process and it will be sold to the whales.

Either way, it will be cheap Bitcoin and a one-in-a-lifetime chance to buy them.

You have explained it very well. Many still do not understand this extraordinary opportunity, and we must buy a huge dip. Many people think that a sudden huge sale means a collapse in an instant, but in reality, it is directly related to liquidity. Many people generally understand this liquidity issue, so they cannot even think as expected. On the other hand, if there is not enough demand in the order book, the price will fall, and that panic will start a kind of chain reaction of selling.

However, those with cash ready will be able to convert this panic into a "lifetime discount". Those who have cash are waiting for such a time. Such an opportunity has not come again in history. It is wise to keep your eyes and ears open, and when the opportunity comes, you should use your intelligence and use the opportunity accordingly.।

[Z-tight]

If you are asking us what will happen if Satoshi moves his coins, then we cannot tell you exactly, because we do not know. Do i think he would move his coin, it is very unlikely that he will. There is no need speculating about Satoshi, it is either his coins or his identity, he already left behind his creation for all, let us focus on that, rather than on the creator.

However, what would likely happen if his coins ever move, is what happens when Whales move a large amount of BTC. People start speculating and spreading fud, weak hands start selling, the price dumps temporarily and rises back up again.

[LDL]

I don't think Satoshi himself would do something so stupid, especially if he continues to hold Bitcoin, he will become one of the richest people in the world in the future. I saw a very recent report where Satoshi is overtaking Bill Gates to become the 12th richest person in the world. If Bitcoin hits the $1 million milestone in the not-so-distant future, then it can be said that Satoshi will be the world's number one richest person. So if Satoshi were alive, he would never do this stupid thing because withdrawing his Bitcoin would really affect the value of his Bitcoin and that could have a negative impact.

[Stalker22]

If you mean selling Bitcoin for fiat, it means Satoshi put his identity and safety at risk. It'll leave trace for others (such as government agency) to discover his identity and maybe even tracking his location.

Whats the big deal if his identity is made public?  Even if they were to figure it out, it would be made almost impossible to prove in a court of law (plausible deniability).  There is a whole legal process that any government agency would have to go through to prove he is indeed Satoshi Nakamoto, and he would be entitled to an attorney.  He could just say he denies it and say that he was a very early miner and that he has been incorrectly labeled as the creator.

By the way, remember that guy who actually claimed publicly that he was Satoshi? Even in a court of law under oath. No government agency has prosecuted him as far as I know.

[Fiatless]

I don't think Satoshi himself would do something so stupid, especially if he continues to hold Bitcoin, he will become one of the richest people in the world in the future. I saw a very recent report where Satoshi is overtaking Bill Gates to become the 12th richest person in the world. If Bitcoin hits the $1 million milestone in the not-so-distant future, then it can be said that Satoshi will be the world's number one richest person. So if Satoshi were alive, he would never do this stupid thing because withdrawing his Bitcoin would really affect the value of his Bitcoin and that could have a negative impact.

He is not stupid if he withdraws and sells some of his coins if he needs money. I also don't think that the reason why he is still keeping his coins is because he wants to be the richest man on earth. I see him as a modest person who dislikes fame. Bitcoin has grown beyond Satoshi. Even if he sells all his coins, the market will still recover

[MGAMGA]

Satoshi Nakamoto has an untouched Bitcoin since 2010 with an estimated amount of about 1.1 million Bitcoin with Bitcoin having a total supply of about 21 million Bitcoin and circulating supply ( 19,906,243 ).
Now here is the question, what would happen if Satoshi Nakamoto withdraws all his Bitcoin.

I guess this has being a popular question with unpopular perspectives but to throw more light into this. No one has any information on him as he remains anonymous with his last message to Bitcoin developer Mike Hearn saying "I've moved on with other things, it's in good hands with Gavin and everyone"

Research has it that he is responsible for the "mega whale wallet" massive transaction as at 2010 and suspected he hasn't gone off but tactically cashing out since 2019. He has being known for his intelligence and analytical thinking and wouldn't see it fit to withdraw all his Bitcoin at once causing a drastic decline in Bitcoin's price.

The market would experience a major fall as he holds about 5% of Bitcoin's total supply with other cryptocurrency being affected as Bitcoin has being seen to be the father of all of all digital currency. But Bitcoin being a decentralized exchange that nobody can control and having a high demand would definitely bounce back I know.

With this, I think Bitcoin has full potential to bounce back after a massive reverse just if Satoshi Nakamoto withdraws all his Bitcoin.

this is a topic as old as Bitcoin, there is currently nothing to prove that there's actually just that wallet for him, he could have possibly multiple wallets and have took his fair share of it, if i were as smart as Satoshi Nakamoto, i'd do just that, there is also the possibility of masking the entire wallet, maybe it's already been cashed out without our knowledge? there is nothing to prove that bitcoin has not been tampered with as a whole, as far as i'm concerned, Satoshi could've had programmed the entire thing to mask or shadow his own bitcoin address, and we cannot know.

eitherway, if he does withdraw them, there is a chance he might be tracked and traced, which again, he does not want.

There is no actual evidence of whatever, but there is a large probability he has thrown away the mnemonics for this bitcoin address, the entire thing to be completely free of the risks that come with that bitcoin address, then there's a VERY large probability that he has bought or mined bitcoin earlier on from a different address, and now he lives between us as free as a bird, and we cannot know who he is, we will probably not, it's to the point that even if he does come to tell us he IS Satoshi really, we would not believe him, unless he proves that he has access to the bitcoin address, we would most probably ridicule him when he doesn't.

He could be here, between all of us, extremely rich, in his lane, living, thriving off of bitcoins he mined or bought, and we would not know.

He could be one of us,
we will never know.