just_walletFull Member
Posts: 21 · Reputation: 291
#1Jul 6, 2019, 10:29 AM
Satoshi holds a ton of bitcoin from back in the day. Yet he hasn’t sold any, even with current prices. Why is that?
Why hasn't Satoshi sold his bitcoins?
20 replies 323 views
Honestly, I don't think fear of a crash is the reason. Satoshi is all about ideals. It’s not really about making money for him, it’s more like a statement.
nova_atlasMember
Posts: 156 · Reputation: 90
#3Jul 6, 2019, 08:38 PM
Or maybe he’s actually dead… or kidnapped? Could be a brain injury too. Who knows? Speculation is all we can do here.
Or he’s still alive somewhere. Or maybe 'Satoshi' is just a group and not a single person.
We’re left guessing because nobody truly knows what’s up with him. I heard some say he might have lost his wallet access. I lean towards him being gone or deciding to let the coins benefit the ecosystem.
max_ledgerMember
Posts: 47 · Reputation: 132
#6Jul 9, 2019, 05:46 AM
Honestly, I doubt it's fear of a crash. If Satoshi is around, I don’t think he cares about that when he dumps some coins. The market will be fine.
I just find it funny. He made this crypto but he’s not a whale who just pumps and dumps. If he’s alive, selling just isn't in his nature.
yield_2021Full Member
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#8Jul 10, 2019, 01:20 PM
Satoshi’s got a stash of coins in addresses we don’t even consider his. He could’ve moved them around quietly. He has no real reason to flood the market.
I mean, right now isn’t the time for him to sell. Bitcoin is still trying to find its place. Selling now could freak out investors.
kevin_farmNewbie
Posts: 65 · Reputation: 14
#10Jul 10, 2019, 08:10 PM
I don’t think pressure from anyone is making him hold off. He’s committed to decentralization, and that’s why he hasn’t sold.
Satoshi wouldn’t want to crash the market. If he sold out, it’d be like he’s quitting on Bitcoin, and that’d mess with us all.
swiftorbitNewbie
Posts: 66 · Reputation: 39
#12Jul 11, 2019, 04:58 AM
Why would a crash even be on his mind? Look at how much Bitcoin institutions have sold after ETF approvals. A sell-off wouldn’t hurt that bad.
nova_atlasMember
Posts: 156 · Reputation: 90
#13Jul 12, 2019, 12:54 AM
Totally. What matters is BTC keeps moving forward, regardless of Satoshi.
satoshi_apeNewbie
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#14Jul 12, 2019, 03:57 AM
If Satoshi were to sell, I’d be ready to buy the dip. That could bring prices down, but it’d be a great buying chance for future gains.
Satoshi did create only 21 million BTC. If he sold, it wouldn’t really change anything. Some investors would even welcome it for cheaper buys.
I wonder if it’s even on his radar to sell. Who knows, maybe he’s got other wallets he’s using without us knowing.
You can’t be sure he hasn’t sold any. Sure, his first mined coins are untouched, but he could’ve mined more later.
Even if he’s around, moving coins isn’t about profit. It’s like proof of his work, showing Bitcoin's value.
We just can’t pin down Satoshi’s motives. He might be busy with something else or just watching from a distance.
Definitely, if there are sellers, buyers will come in. So if the market dips, I'm all for panic buying. Let’s welcome those discounts.