⭐ Merited by suchmoon (4)
OP there isn't enough liquidity in the Bitcoin market for Satoshi to dump all of his Bitcoins. He would completely clear out the order books and still have a lot of Bitcoin left over.
i think the bigger question is what would happen if early satoshi coins moved at all. to some extent, i think the market believes the satoshi coins are lost or otherwise won't move and has therefore priced that in. i could see panic ensuing over this, and whales from the early days bringing supply to the market. if even satoshi is selling, that puts a damper on the idea of hodling!
as an aside, nobody really knows how many coins satoshi mined. we assume that he was the only miner for many months, but we don't actually know. i wouldn't be surprised if some estimates (like yours) are exaggerated.
The estimates for Satoshi's coins are definitely exaggerated. Satoshi wasn't the only early miner, as basically everyone in the cypherpunk community knew about Bitcoin because of the mailer he sent out. I'm sure some of them participated in mining to try Bitcoin out and see how it worked. IIRC Laszlo was also an early miner.
It's just an estimate based off of how many early blocks that were mined without the coins themself moving. Satoshi has never touched his coins so far, so everyone assumes all of the early blocks are his because the coins haven't moved yet. I don't think this is the case, and I do think the amount of coins Satoshi holds are less than these estimates.
Since Satoshi owns 980,000 Bitcoins, what would happen if he suddenly sells his Bitcoins?
At the actual rate hic coins value is more than 6 billion dollar.
At the actual rate hic coins value is more than 6 billion dollar.
i think the bigger question is what would happen if early satoshi coins moved at all. to some extent, i think the market believes the satoshi coins are lost or otherwise won't move and has therefore priced that in. i could see panic ensuing over this, and whales from the early days bringing supply to the market. if even satoshi is selling, that puts a damper on the idea of hodling!
as an aside, nobody really knows how many coins satoshi mined. we assume that he was the only miner for many months, but we don't actually know. i wouldn't be surprised if some estimates (like yours) are exaggerated.
The estimates for Satoshi's coins are definitely exaggerated. Satoshi wasn't the only early miner, as basically everyone in the cypherpunk community knew about Bitcoin because of the mailer he sent out. I'm sure some of them participated in mining to try Bitcoin out and see how it worked. IIRC Laszlo was also an early miner.
First question, how do you know that he have 980000 bitcoins?? then why would he do it, bitcoin is his project, he wouldnt like to see it going to nothing. If he wants the cash he probably have been selling in small portions in order to get some cash and not dump bitcoin that much, so its unlikely to see that happen.
It's just an estimate based off of how many early blocks that were mined without the coins themself moving. Satoshi has never touched his coins so far, so everyone assumes all of the early blocks are his because the coins haven't moved yet. I don't think this is the case, and I do think the amount of coins Satoshi holds are less than these estimates.