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Author Topic: If someone with 30k btc could do this ! Think about satoshi's million btc stash!  (Read 1140 times)
cuddaloreappu (OP)
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October 06, 2014, 05:41:17 AM
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If someone with 30k btc could do this crash ! Think about satoshi's million btc stash!
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October 06, 2014, 05:44:40 AM
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txid  source plz , sir ?
cuddaloreappu (OP)
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October 06, 2014, 05:53:33 AM
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txid  source plz , sir ?

every body knows about the 30k sell wall yesterday
CtrlAltBernanke420
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October 06, 2014, 05:55:29 AM
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I was wondering about Satoshi's wallet. If those coins move at all in the next few years, watch for a major price fall. Those coins at this point are almost never allowed to move without making Bitcoin value very very risky.

However, that abundance of coin perhaps amplifies Bitcoin staying power. If it were a scam of a technology I could imagine we would have already seen those coins move to an exchange.

Perhaps it was the 100,000 coins mined after that wallet was done that made the initial creators, miners, adopters, rich and are now out with the rest of us holding the bag..


When it comes down to it, there is simply low interest right now for anyone to buy bitcoins. That is not to say there are not buyers...

Just that when people want to buy a car, groceries, clothes, vacations, airline tickets, their go to currency, is not Bitcoin
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October 06, 2014, 06:09:38 AM
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I was wondering about Satoshi's wallet. If those coins move at all in the next few years, watch for a major price fall. Those coins at this point are almost never allowed to move without making Bitcoin value very very risky.

However, that abundance of coin perhaps amplifies Bitcoin staying power. If it were a scam of a technology I could imagine we would have already seen those coins move to an exchange.

Perhaps it was the 100,000 coins mined after that wallet was done that made the initial creators, miners, adopters, rich and are now out with the rest of us holding the bag..


When it comes down to it, there is simply low interest right now for anyone to buy bitcoins. That is not to say there are not buyers...

Just that when people want to buy a car, groceries, clothes, vacations, airline tickets, their go to currency, is not Bitcoin

if satoshi put up a 1 million bitcoin sell wall it wouldn't necessarily drop the price. it would cause the price to stagnate, like what's happening right now. as in, the price won't move at all while people continue buying from his stash.
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October 06, 2014, 06:13:47 AM
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That 30k hasn't caused a crash. 50% of it was soaked up around $300 and the price is still $300.

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October 06, 2014, 06:38:21 AM
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That 30k hasn't caused a crash. 50% of it was soaked up around $300 and the price is still $300.

Yes! How is this possible and why would someone do this? This shows a really strange resilience of the market and signals that the price ll go up after this wall s been destroyed.

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October 06, 2014, 06:48:07 AM
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That 30k hasn't caused a crash. 50% of it was soaked up around $300 and the price is still $300.

why would it cause a crash? it's doing what it's supposed to do - stagnate the market. there's a lot of drama happening and people are watching instead of opening up a sell order of $299.99.
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