Quote from: Mpamaegbu on July 15, 2019, 08:00:45 PM

Quote from: mjglqw on July 15, 2019, 03:50:53 PM

While I'd prefer the coins to not be dumped in one go but instead in increments(as to not dramatically flash crash the market), why should we stop Satoshi? It's his coins, from his own creation. He/she/they have every right to dump every single one of the bitcoins if Satoshi wants to. It's a free and open market.

This of course has always been my position on this topic. Why should I care if he is fed up with hodling? I mean, at a point he is going to want to offload some. In fact, Satoshi will be a fool not to profit from his own invention. Charlie Lee (the Litecoin dude) also did same and sold an appreciable quantity of his hodlings at almost ATH. But the market concern should be that Satoshi doesn't sell off his 1million holding at a go as that will invariably destroy the crypto market with a deep crash.

The bitcoin is not hold by a single person and there thousands of bitcoin holders and maybe satoshi have greater percentage of its holdings and if he will sell all his coin then additional dump will take place causing the bitcoin price abrupt fall down, as for me its not good for us but still acceptable because crypto is having no central control and that is its reality.