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| comment | | "parent_author":"grizgal",<br>"parent_permlink":"re-dhimmel-re-viraldrome-re-dhimmel-brace-yourself-for-a-fresh-round-of-fake-satoshi-s-20180315t081417044z",<br>"author":"dhimmel",<br>"permlink":"re-grizgal-re-dhimmel-re-viraldrome-re-dhimmel-brace-yourself-for-a-fresh-round-of-fake-satoshi-s-20180315t144125302z",<br>"title":"",<br>"body":"Eh. I'm more of the opinion that the price is set not by traders doing market cap calculations,<br> but just based on the supply and demand on exchanges at any given point in time. So yeah,<br> selling 1 million BTC via an exchange is going to move the price down,<br> no matter how you structure it.\n\nIt's an interesting question how sentiment would react to Satoshi's stash moving. I think you're right it'd create a sell off,<br> since it could make investors nervous. Not sure if this has any historical merit... one possibility would be to see whether the price has reacted in the past to [bitcoin days destroyed (https:\/\/www.quandl.com\/data\/BCHAIN\/BCDDE-Bitcoin-Days-Destroyed):\n\n> ![bitcoin-days-destoyed.png (https:\/\/steemitimages.com\/DQmSyK5sQTS6sNNYboGYgXM9Tpj2aiHmajd34fU2GjRKsGs\/bitcoin-days-destoyed.png)\n\nBTW,<br> the data in that chart is from https:\/\/blockchain.info\/charts,<br> which no longer provides this chart (too bad). However,<br> it looks like https:\/\/oxt.me\/charts has a more up to date chart of BDD.",<br>"json_metadata":" \"tags\":[\"bitcoin\" ,<br>\"image\":[\"https:\/\/steemitimages.com\/DQmSyK5sQTS6sNNYboGYgXM9Tpj2aiHmajd34fU2GjRKsGs\/bitcoin-days-destoyed.png\" ,<br>\"links\":[\"https:\/\/www.quandl.com\/data\/BCHAIN\/BCDDE-Bitcoin-Days-Destroyed\",<br>\"https:\/\/blockchain.info\/charts\",<br>\"https:\/\/oxt.me\/charts\" ,<br>\"app\":\"steemit\/0.1\" " |
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