All I'm suggesting is there is increased risk. Risk that I'm not currently willing to take. You can do whatever you want with your money. If you lose it all, or make $10 million from the price going up, it makes no difference to me.
Coins from Feb 2009 (in Tulip Trust) just moved yesterday. Bitcoin finished.
- Thread starter Amun Ra
- Start date
All I'm suggesting is there is increased risk. Risk that I'm not currently willing to take. You can do whatever you want with your money. If you lose it all, or make $10 million from the price going up, it makes no difference to me.
Are you serious? You think 50,000 dollars is going to make the market crash?
Wow!
Wow!
Yea, that goes without saying that we're all responsible for our trading/investment decisions and the results and I did not shoot down your suggestion. I thought it was prudent to be cautious if you have new information.
I needed to correct you on 1 million coins being unlocked by that one transfer as you were causing confusion to others.
By the way, you should google Patoshi pattern and why the transfer yesterday was likely not by Satoshi. I say likely as I was a bitcoin miner (along with mining many other cryptocurrencies) and the fact is that it could still have been Satoshi's coins but mined on a different hardware, but I digress.
OP, keep up with the news, Craig said he didn't move the coins:
Some store of value such a threat hanging over the crypto for a decade....
Some store of value such a threat hanging over the crypto for a decade....
So if there is 1 million controlled by one person thats about 5% of the supposedly total of 21 million btc, so what?
in other words, fake Satoshi perjured himself
You have little imagination. Order book is thin. If thrown as a bunch of sell orders, it would take price down 60-80%. No reason to believe the price would recover or at least not anytime soon.
Since we don't know what entity owns those coins and what is the plan with them (assuming they are still available), you should err on the safe side. Hell, if it is someone who just wants to fuck with the system, he could keep buying and selling large amounts and keep bitcoin volatile, destroying faith in its stability.
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Is that the dollar equivalent of "In God We Trust"?
Price doesn't show any big sell off other than the usual. I think the mover just wanted to make a point against CWR.