Saylor? Who? I wanna know what happens if Satoshi’s coins ever wake up.

The whole market depending on the Bitvac slop.

For context, Saylor’s company has like 4% of the coins. View quoted note →

Dude like 6 mil coins were sold this cycle from long term holders. Market is much more liquid than people think

would be interesting to see another bear whale at 60k compared to 300

Bitcoin's ICO moment. So why are people freaking out about Saylor now?

Just for a day maybe. In theory he could tank bitcoin to like 1-2k but that’s probably it and then it would rebound the same day and more than 50% the next and back to 75% value by week’s end.

I would love for this to happen by the way. I don’t like do much corn in fiat man’s hands. I’d prefer he lose it all 🤣

He doesn’t own the amount of coin he say he does.

Such event would for sure be amplified by FUD and drag the price way below the true supply demand visible on exchange but it would have less impact long term than most people would think. Probably like FTX or MtGox type of event. And getting bad actor out is always health long term.

I don’t think so, and I’ll tell you why. If he decides to smash sell all his coins, he tanks the market and the majority of his stash will be sold for pennies on the dollar. He basically bankrupts his company and nukes his entire networth for a flash crash with a most probable flash recovery shortly after. Highly unlikely if you ask me. Even in a gun-to-head kind of situation.. If he takes his time to sell the stash, markets price it in. We roughly know the size of his stash, and the extents of his potential sell pressure. It can’t last forever so the price will probably drop for a while, but not dramatically, I think.. As they said in the old days, you need Bitcoin, not the other way around. My best guess is this applies here too.

I think you are mostly correct:wisp_happy:

In the spirit of the original bearwhale, maybe he could suppress the price for an extented period of time. Though I can’t think of any reason why this would benefit him, except to give the US gov sufficient time to accumulate at their expense.. (in a gun-to-head style scenario)

He is irrelevant like the rest of the fiat sucking cucks

Bc of bear market emotions. It never changes ha

I miss so much drama not being on Twitter and also don't miss it.

Ya people are going insane over there atm. So much infighting