/biz/ - Business & Finance

They also put wallet in quotes because they are mentally deficient crusty old boomer shit that can barely send an email let alone figure out what a bitcoin even is

1 million is 4.76% of 21 million.

It's fucking nothing. The market would absorb the dump in a year or so, and there's no way Ghost Nakamoto would ever sell it all at once.

tech illiterate boomers

>>30129969
>over 3 years of mining supply
The dump would set bitcoin back for more than 1 year, that's a shitload of liquidity.

>>30129742
the coinbase is a million BTC and it all belongs to Satoshi, it's not all one wallet but we know it's all the same owner so not really a big distinction

>>30129969
>It's fucking nothing.

You're a moron. You can completely tank the Bitcoin price with a 10,000 BTC order.

This market is illiquid as fuck, and the fiat off ramps like coinbase where all the other exchanges arbitrage to , are the most illiquid of the bunch.

In March 2018, 35,000 bitcoins sold by the Mt Gox Trustee tanked the market from 16k to 6k.

https://www.coindesk.com/mt-gox-trustee-sells-400-million-bitcoin-bitcoin-cash

1 Million coins would literally decimate the market.

>>30129742
the only reason to dump the ballast is to prevent the ship from sinking

>>30130838
So you mean there is a chance that btc will tank down to 500 so I can finally acquire a whole bitcoin ?

>>30130952
Outside of that, you empty it when the cargo is at full weight.

>>30131103
The purpose of the Nakamoto wallet was to enable emergency liquidity in the event that someone controlled too much supply. Now that the BTC ship has a stable network this is unnecessary.

>>30131103
God PLEASE I cant wait to be a whole coiner also Musk will get justed too Im cooming

>>30131103
You will NEVER own a bitcoin

>>30131103
>>30131494
You won’t get it for $500. Soon, you’ll be regretting you ignored me under $500. Nothing personnell though, kid.