hello guys , i just want to share what am i doing right now to my children, i have a 10 year old kid , he is david . this coming summer i want to teach him about cryptocurrency. especially bitcoin, from his young age i want to share him my knowledge about this kind of things. im happy that he is excited a little bit however it's so hard to explain but then i use some examples like video games as a reference about bitcoin. probably it might be the easiet way to understand how this things works. for example bitcoin is like a video games, you need to do a lot of research about bitcoin to know it and ask some people what they know about bitcoin or like experiences , like games you need to do a lot of practice to mastered the games , can someone help me about this ?
I'm also came to this idea
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BoardBitcoin Discussion
Re: If the bitcoins from satoshi wallet will be sold, how will cost bitcoin?
If the bitcoins from satoshi wallet will be sold, how will cost bitcoin? We are talk about 980 000 btc, what will be in this situation
I hardly can imagine how Satoshi or someone else would be able to sell 980 000 at once. But if, then it would huge crash, maybe Bitcoin will come back to hundreds and to recover we would need at least several years. But even if part of these BTC would be sold or move to another wallet address, it would have big impact to price of BTC, not into positive side offcourse
in the positive direction is unlikely to affect
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BoardBitcoin Discussion
Re: If the bitcoins from satoshi wallet will be sold, how will cost bitcoin?
It's really speculation and I think the answer would be different for 1m coins or 1m of Satoshi's coins. If he sells then people will be wondering why the creator is selling his own creation and so that would cause an even deeper dump than if someone else had that many coins and sold them. I think we'd see close to a 3 figure price if that were to happen.
the question is whether we will keep our bitcoin in our wallet in this case
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BoardBitcoin Discussion
Re: If the bitcoins from satoshi wallet will be sold, how will cost bitcoin?
I depends because only an idiot would place a sell order for the total amount, as that would drag down the price so much that he would lose a lot of money. The most intelligent way would be to place partial orders depending on market conditions.
No need for a big sell order, as soon as any btc would start to move from satoshi's address it's panic time.
I think I do not need to panic anyway. Better than logical reasoning there is nothing
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BoardBitcoin Discussion
Re: If the bitcoins from satoshi wallet will be sold, how will cost bitcoin?
If the bitcoins from satoshi wallet will be sold, how will cost bitcoin? We are talk about 980 000 btc, what will be in this situation
I hardly can imagine how Satoshi or someone else would be able to sell 980 000 at once. But if, then it would huge crash, maybe Bitcoin will come back to hundreds and to recover we would need at least several years. But even if part of these BTC would be sold or move to another wallet address, it would have big impact to price of BTC, not into positive side offcourse
that's exactly what I think, in the long run. But I want, that it was not so
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BoardBitcoin Discussion
Re: If the bitcoins from satoshi wallet will be sold, how will cost bitcoin?
I depends because only an idiot would place a sell order for the total amount, as that would drag down the price so much that he would lose a lot of money. The most intelligent way would be to place partial orders depending on market conditions.
It is clear that only an idiot will sell all at once. I'm talking about now if all this sum of bitcoins will be sold in parts. If the a Mt.Gox trustee dropped the market taking out about 35,000 BTC . Then what if you bring out about a million BTC
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BoardBitcoin Discussion
If the bitcoins from satoshi wallet will be sold, how will cost bitcoin?
by
jetsTech
on 13/03/2018, 07:35:27 UTC
If the bitcoins from satoshi wallet will be sold, how will cost bitcoin? We are talk about 980 000 btc, what will be in this situation
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BoardBitcoin Discussion
Re: Japan plans to become the Bitcoin capital of the world.
by
jetsTech
on 08/03/2018, 13:19:08 UTC
It will be very interesting
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BoardBitcoin Discussion
Re: Why I would rather have paper money then Bitcoin
by
jetsTech
on 06/03/2018, 10:47:50 UTC
In fact using paper money much more easy than crypto
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BoardSpeculation
Re: What is better Trade or Invest?
by
jetsTech
on 05/03/2018, 13:00:47 UTC
Very import question, and as Vitalik says - make application
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BoardLegal
Re: Why hasn't any government stopped Bitcoin?
by
jetsTech
on 27/02/2018, 12:48:27 UTC
If Bitcoin will be legalized in defferent countries, it's positive impact on the economy as a whole
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BoardEconomics
Re: Bitcoin is an asset or currency.
by
jetsTech
on 22/02/2018, 07:15:52 UTC
I think, it is good asset for long time
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BoardLegal
Re: ICOs asking for passport...is it safe?
by
jetsTech
on 20/02/2018, 08:12:44 UTC
When I'm will make ICO, also think about to ask passport for verification