What if Satoshi Nakamoto withdraws all his Bitcoin?

[moneystery]

There have been countless threads speculating about what would happen if Satoshi sold all his Bitcoin. I think that’s an exaggeration, as such a scenario simply won’t happen. He has been offline for a long time and made it clear that he would not interfere with Bitcoin, leaving it entirely to consensus. So, there’s no need to discuss the possibility of him coming back online, because it simply isn’t going to happen.
In fact, I believe this issue is far less important than the growing trend of governments and institutions increasing their Bitcoin holdings, which risks centralizing the market and creating greater opportunities for market manipulation.

[asriloni]

Damn! another satoshi question again. I can't really remember how many times this question has been mentioned. Stop being delutsonal OP. There was no proof Satoshi owned millions of BTC. Also stop to think about conspiracy theory about "IF" Satoshi sells his Bitcoin. Always stick to the reality if people are buying Satoshi's product, and not intend to sell it.

Talking about what happens if Satoshi sells his btc is kinda pointless as it will never happen.

[Marvell1]

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.

You know when whales move their Hodling to exchange most often selling pressure spikes & surly price wobbles. didi you hear about recent fud  Binance inflows near 7k BTC lined up?? If FUD spread successfully then sometimes only $1B unload is enough to shrugs off the whole market. Now come to Satoshi dumped horror FUD, lol..  look back on that when dormant coin since 2009 moved in 2020, BTC ooze $200 in just half an hour. yeah somethimes buying the dip mentality might be beneficial however you couldn't hold retail investors, they day and night following only headlines & wind up getting burned.  So i always tell my friends taking a deep breath to look over flows, keeping your HODL mentality tight and avoiding panic selling.

[Ishicryptic]

If Satoshi owned over 1 million plus Bitcoin and one day decides to dump it on the market I'm sure that there will be a massive FUD and people will panic and sell. But the good news would be that Bitcoin has built a solid reputation and adoption, a massive dump will afford smart investors opportunity to try and buy up the saturated Bitcoin at very low price, eventually it will start to rally again and continue to hit ATH upon ATH. Bitcoin has passed that stage of panic that it will become a shitcoin so I don't worry about FUD. I doubt that Satoshi will just resurrect one day and offload all his stashed Bitcoin so OP is just speculating like many others that have done the same

[mirakal]

If Satoshi will be back again one day and withdraw all his bitcoin, that would mean a huge loss of the crypto market. But I think as long as there are still hodlers left that are keeping huge amount of bitcoin, bitcoin will still find its own way for recovery but clearly, it will take some time. Bitcoin is bitcoin, it will definitely continue to exist knowing it has been fully established already.

But honestly, a scenario like this is far from possibility, we need to have guarantees first that Satoshi is still alive before he will appear in the market and withdraw all his wealth in the form of bitcoin.

[serjent05]

If ever Satoshi decided to convert his Bitcoin to fiat (that is what I understand from withdrawing all his Bitcoin) I do not think he will cash it out all at once.  Just like @OP stated, Satoshi will make a strategic cash out so as not to affect the price greatly.  Besides, it will be a loss for him if he just cashes out everything aggressively because the market will crash tremendously.  This is assuming that Satoshi will "withdraw" his BTC.

Although we are not sure whether Satoshi is still with us or has left, I do not think that the BTC on Satoshi's known address will be moved anytime soon.  

Damn! another satoshi question again. I can't really remember how many times this question has been mentioned. Stop being delutsonal OP. There was no proof Satoshi owned millions of BTC. Also stop to think about conspiracy theory about "IF" Satoshi sells his Bitcoin. Always stick to the reality if people are buying Satoshi's product, and not intend to sell it.

Talking about what happens if Satoshi sells his btc is kinda pointless as it will never happen.

We do not know what happened to Satoshi (whether he is dead or alive), so I think we can understand where the question is coming from.  Unless someone provides proof that Satoshi is not with us anymore, and no one knows the private key to those addresses, we cannot say in an absolute manner that the BTC on those address will remain untouched.

[AirtelBuzz]

As far as I know if Satoshi Nakamoto were to withdraw all of his Bitcoins, it would probably have a major impact on the Bitcoin market and cause a significant price drop because we all know about this person who still carries a pseudonym today. It is not clear how much wealth he has, but he surpassed Bill Gates a few days ago as the price of Bitcoin rose. So if such a top-class person and the founder of Bitcoin himself were to withdraw all his holdings, it would certainly create panic among investors, but I don't think it would last long and Bitcoin's long-term functionality may not depend on it.

We have seen many times before that even after a big sell-off, the market can bounce back if there is a lot of demand but it is true that if there is still high demand for Bitcoin when Satoshi sells all his Bitcoins, then it will still have the potential to increase.

[coolcoinz]

Ultimately bitcoin is money, so I wouldn't blame anyone, including Satoshi for spending it. What good is bitcoin if you for instance lose your arm and need a prosthesis, but can't afford it? Would you rather have a high end arm and 1 bitcoin less, or be able to brag that you've never touched any of your coins.

What would happen if Satoshi moved his coins? -Market panic, but this would also expose Satoshi and he doesn't want that.
What would happen if he started spending it? - probably another panic and a price drop far greater than it should be, just because of the uncertainty about Satoshi's identity. People would dump bitcoin out of fear.

[Pjcr7]

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.

I'm sure if Satoshi decides to sell his BTC today then there will massive FUD which will lead to FOMO and thus the massive dump will set in. Satoshi has an astonishing 1 million BTC that he allocated to himself and the total supply which we know is 21 million. Satoshi alone holds almost 5% of the total supply of BTC, no single individual has this. Now imagine he sells all, there will definitely be panic and the market will retrace thereby leading to price dump.

[LogitechMouse]

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

If Satoshi for some reasons withdraw all of those 1.1M Bitcoins, and decided to sell, it will create a domino effect towards the whole crypto space, and in a negative way.

This event might make some of those Bitcoin holders out there to panic sell their holdings just because they see the creator selling those Bitcoins. I believe this will not happen anymore, but if Satoshi really wanted to sell those Bitcoins, he/she might've done it already... or he/she is just waiting for the perfect opportunity. On the flip side, even though Satoshi will sell those Bitcoin, I believe that it will thrive still. I mean there will still be buyers anyway, and large institutions are even accumulating it. I believe that Bitcoin will still go up in price as long as there are demand.

Overall, this event IF IT HAPPENS, will just create a short term negative effect towards not only Bitcoin, but the whole crypto space.

[Orpichukwu]

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.

Well, as much as we know that it's unlikely to happen because of Satoshi and the implication of it, if that happens, we will not just talk about the price impact, which could easily be rebuilt, but there will be some trust broken in the system, and some who believe those coins are not meant to enter the market will have some questions to ask and doubt other things which they might have built their trust on around the system.

[finaleshot2016]

To this point, I still trust Satoshi won't sell any Bitcoin because it acts like a burned tokens already, no one can touch those supply and the who crypto market will be still for the people. If those coins stay untouched, it keeps Bitcoin’s scarcity strong. Those satoshi's BTC also gives us the confidence to hold for long-term, and it makes BTC feel more decentralized. That's satoshi's vision, he won't sacrifice the vision and goal of BTC just for a dollar, and I think he's already earning a lot of money without BTC. He won't tarnish his reputation right now and will hold until the end, 'cause if it's for personal gain, he should've sold it back then but look the market are still alive.

[Furious 7]

Why always think of problems that might not even happen, when Satoshi withdraws the bitcoin he has the world will be in an uproar not because of the withdrawal made but because Satoshi is coming back after so many years he closed access in any form.

I think compared to Satoshi, we should be worried about those whales who hold bitcoin, big businessmen who have greater control and some countries that are sometimes too naive by only seeing bitcoin as an element of unilateral profit without seeing further uses that could make fud by doing several ways that indirectly make weak hands panic and sell ownership because they are affected by the opinions that are trying to be led.
Actually, thinking like this will only burden yourself so that it would be better to create a more positive mindset, not that we are naive and as if we are ignorant of the risks and possibilities that occur, but linking Satoshi seems demeaning because how is it possible when Satoshi, who has given his energy, mind and mind devoted entirely to the creation of bitcoin in decades past, comes and destroys it today.

[EL MOHA]

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.

Micheal will most definitely take profit one day this more realistic than anything now, he doesn’t actually owns all those bitcoin because it’s his company’s bitcoin it is similar to saying Blackrock wouldn’t sell their bitcoin which is not possible because those who bought ETF might want take profits later. I think the usual Satoshi question related to his bitcoin is usually carved out from the perspective of how Vitalik of Ethereum does to his holdings. I continue to say this are two very different entities, if Satoshi can sacrifice his personal life and give up social presence then holding this bitcoin is something that I strongly believe that he will held up for ever.

To this point, I still trust Satoshi won't sell any Bitcoin because it acts like a burned tokens already, no one can touch those supply and the who crypto market will be still for the people.

As long as this bitcoin still has been sent or spent using the OP_RETURN script we cannot call it a burn coin because it can still moved when the owner wishes

[Franctoshi]

It only going to create FUD in the industry and the market, But what if Satoshi never gonna touch his Bitcoin, you should think about this as well and where those Bitcoin are meant to be there forever to prove how secured Bitcoin is and how Bitcoin cannot be hacked while in a safe or secure wallet.
Futhermore ,this makes the amount of Bitcoin that should be in existence to way lesser than what we've ever thought is going to be in existence.

[EFS]

Withdraw to where? Do you really believe Satoshi will one day move over a million coins to Binance and cash out to USD? Do you expect those coins to be sold on the spot market and the price to stay the same? Of course, the moment those coins move it will hit the flash news everywhere and affect Bitcoin's price instantly.
I personally don't think those coins will ever move, but whether it's Satoshi or someone else, whoever owns them well-deservedly earned them and has the right to use them however they want.

[Asiska02]

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.

Is Satoshi sells his bitcoin holdings, I don’t think the price of bitcoin could actually rise back and if it does, it may not reach the level it was before the crash happens due to the panic that occurred after Satoshi withdraws his bitcoin. Don’t you think that the trust to hold Bitcoin by most investors after Satoshi withdraws his own will reduce? The public sentiment and narrative about Bitcoin will change completely and we won’t see investors coming to invest into it like before ever again. The best thing is that he holds forever and never sells.

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.

From a business perspective, Micheal Saylor will definitely by one day want to sell his Bitcoin for profit. Satoshi is the real holder here and have sacrificed everything for Bitcoin to keep thriving today, he won’t wake up one day and decides to cause disruption to the market by even moving those coin, more of withdrawing them.

[Ambatman]

The market would fall temporary atleast people will stop asking the question what if Satoshi sells
Anything that makes him convert to Fiat will put him at risk.
So even if he sells it's only going to be a minor episode on the market

Is Satoshi sells his bitcoin holdings, I don’t think the price of bitcoin could actually rise back and if it does, it may not reach the level it was before the crash happens due to the panic that occurred after Satoshi withdraws his bitcoin.

Quite the opposite, there are People that are scared that satoshi would sell one day
But once he does it clears the air
And it would beat the price it was before the fall.

[adaseb]

Ever since the creation of Bitcoin people have asked this question. But the more time that goes by the more we can be confident that he will never sell or even move his coins. If he was in it for the money, he would of sold all his coins at $1 or $2 or $10 and would of been pretty rich. Since he never sold then, its proof that its not about the money for him.

Another theory can be that he lost the private keys or maybe he did sell the bitcoins but he sold the ones he mined in 2010 not to attract attention and people will just think he was an early miner. Selling just one of those blocks of mined bitcoin is enough to last a lifetime for many.

What will happen if he moves his coins? Well obviously panic, since he holds such a huge supply. Many will try and sell as quick as possible before more people start to panic. However its been a long time sicne we heard from him, that I dont think those coins will ever move.

[ABCbits]

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.

I get your point, analysis that makes some people believe Satoshi mined in early days and have about 1 million Bitcoin use several assumption[1]. Although i bet many people never know about those assumption. But i mentioned identity since it's clear Satoshi wish to remain anonymous.

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.

I would guess government agency is smart enough to spot fraud. Faketoshi (such as CSW) usually incompetent in some ways (usually in technical field).

[1] https://bitcointalk.org/index.php?topic=175996.0