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The wallets have been untouched for a decade. The first bitcoin to sell from it wouldn't actually crash the market, but the emotional effect of a small chunk of a very large chunk suddenly moving would be fairly big.



I don’t disagree, but it could have the reverse effect.

Everything from just a ton of media attention and some adoption, to maybe something really positive like coins getting deposited to charity wallets (pineapple foundation seemed to get a lot of attention/vitality for donating their bitcoin).

And it would be pretty ironic if it the coins moved and price of bitcoin crashed and actually became a peer to peer electronic currency for the masses.


> And it would be pretty ironic if it the coins moved and price of bitcoin crashed and actually became a peer to peer electronic currency for the masses.

The price of Bitcoin isn't what is preventing it from becoming a bonafide peer to peer electronic currency. Scalability and UX issues are.


I agree with UX, but scalability has a working solution in the Lightning Network. However, that needs major UX development...

Bitcoin also needs fungibility:

"Fungibility is the only property of sound money that is missing from Bitcoin & Litecoin. Now that the scaling debate is behind us, the next battleground will be on fungibility and privacy. I am now focused on making Litecoin more fungible by adding Confidential Transactions." -Charlie Lee

https://twitter.com/SatoshiLite/status/1089935081337085952


> but scalability has a working solution in the Lightning Network.

Not without an increase in the block size, which has been a contentious issue. At 7 transactions per second, it would take 31 years of full blocks for every person on Earth to just open a Lightning channel each, in uninterrupted succession.


Sell a tiny bit and then wait until it recovers. Rinse and repeat.


Sell a tiny bit, buy a lot when it tanks, sell the new lot.


Could also do that but when you have Satoshi amounts the problem becomes getting rid of it so I'm not sure buying more will help beyond the obfuscation advantages of holding it in a different wallet.




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