TakeTheSkyRoad
Full Member
***
Offline Offline

Activity: 173
Merit: 100


View Profile Personal Message (Offline)

Ignore
April 24, 2015, 02:02:06 PM



Gox "lost" ~600,000 coins
Satoshi has ~1mil

Not even him dumping the whole lot could kill Bitcoin anymore. It's early enough in the game to kill the value but, on the flip-side, it takes away the last bit of uncertainty in the whole project. The fact is, as soon as those coins are moved he wouldn't be able to cash out anyway because the price would absolutely shit itself before even the first confirmation was in.

Very true.... we would have an early warning at least, if not the days destroyed then I bet there is at least a bot or two watching those addresses with a panic sell order ready.  Those coins should be in circulation really and the fact that they aren't is a worry but then life is full of uncertainty and at least we know and have the visibility.

As I said the tech is out now and isn't going away so if anyone really wants to take this seriously then spread your bets and buy into an alt currency or two.  Ultimately we should all make our own assessment, invest our time/money accordingly and take responsibility when maybe things don't work out as you hoped. I bought at > $1000 and if I have to hold till retirement to make a profit then so be it but my own assessment is that I'll be back in the black within the next year or three.