Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Yinkcrypt on October 06, 2024, 08:04:19 AM
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As the title suggests, I've been pounding on this news. The crypto market easily gets influenced by such announcements. However, the issue is that we don't know if it will pump or dump the market.
Personally, I think it might be a pump. Quick recap, yesterday I saw news that HBO is releasing a documentary about Bitcoin, claiming they may have uncovered Satoshi Nakamoto's true identity - quite surprising! I'm curious about the documentary, but more concerned about its market impact. How do you think the big reveal will affect the market?
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There have been many documentaries made about Satoshi Nakamoto and all of them claimed to have more information about him but if there was a party that knew about Satoshi and his real identity they would not have waited all this time and announced the creation of a documentary to reveal his identity. I see it as their way of promoting the documentary.
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Nah, I do not think that it will move the market, we all know that Satoshi will not be identified or even if whoever they say they found out who Satoshi is, as Bitcoin enthusiast, we will take that with a bag of salt.
And even before, when people says that they found Satoshi, it didn't affect the market that much. Maybe it will open the eyes of some non-crypto person, but it doesn't mean that they will instantly buy the hype once again.
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FYI, i also created thread about this documentary on
Upcoming HBO documentary claims to identify Satoshi Nakamoto identity (https://www.altcoinstalks.com/index.php?topic=324820.0). Anyway, i doubt their upcoming documentary would have noticeable impact on Bitcoin price/market unless they reveal names with very convincing proof. But i'm sure it'll have noticeable impact on total of HBO paid subscription ;D.
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...but more concerned about its market impact. How do you think the big reveal will affect the market?
I am not seeing that this coming documentary by HBO which they claimed will finally identify the persona behind the name of Satoshi Nakamoto will be making an impact on Bitcoin's price movement...as this will not really spur demand coming from buyers and investors of Bitcoin. This will just add to the continuing cult of speculations on Satoshi Nakamoto and can be a good entertainment. So the impact will be nil. We are not anymore that interested of who can be the real Satoshi Nakamoto...as we are more interested on when the price of BTC will be reaching a new ATH.
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As the title suggests, I've been pounding on this news. The crypto market easily gets influenced by such announcements. However, the issue is that we don't know if it will pump or dump the market.
Personally, I think it might be a pump. Quick recap, yesterday I saw news that HBO is releasing a documentary about Bitcoin, claiming they may have uncovered Satoshi Nakamoto's true identity - quite surprising! I'm curious about the documentary, but more concerned about its market impact. How do you think the big reveal will affect the market?
Anything that has to do with the revealing of who Satoshi nakamoto truly is will dump the market in my own honest opinion, and this is because, alot of people, lets say 90 percent of those investing in bitcoin are doing so because there is no face behind bitcoin, so, the government has no one to hold for what ever kind of law it seems to them bitcoin has broken or is breaking.
So if suddenly, a face arises and is confirmed to be satoshi nakamoto, many people will first of all sell off their bitcoin for fear that the government may have him arrested and force him to hand over the bitcoin core code, which will automatically put bitcoin under the control of the government.
This is what I personally think.
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I am not seeing that this coming documentary by HBO which they claimed will finally identify the persona behind the name of Satoshi Nakamoto...as this will not really spur demand coming from buyers and investors of Bitcoin. This will just add to the continuing cult of speculations on Satoshi Nakamoto and can be a good entertainment. So the impact will be nil. We are not anymore that interested of who can be the real Satoshi Nakamoto...as we are more interested on when the price of BTC will be reaching a new ATH.
Any speculation from HBO will remain just a conspiracy theory and will hardly convince all crypto enthusiasts in this market. However, the series could attract the attention of potential investors, including those who enjoy the film as a pure work of art.
As discussions within the community increase, BTC will become known to more people, and I believe that's one of many drivers to support and grow BTC price. People are anticipating BTC new ATH, especially above $100K, to trigger a strong bullrun and FOMO in the market. We really need a few exciting months to make this market more interesting and attractive.
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I think it will give the market the time to pump because I know most viewers may have the curiousity to do such research about what Bitcoin is and how it works. Revelation of identity especially theories about Satoshi are already swarming the internet like the social media and it's not new it does not even move the market not unless they really has decoded the founders identity then that is a totally different story and market would be 50/50 pump or dump.
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Bitcoin has long been opposed by governments. if Nakamoto is identified, it also means they can this man and even force him to edit the codes of BTC which he could make its supply to 21B supply. ;D
or they could jail this man and confiscate BTC. there is no way a decentralized currency can work with governemant unless they can eventually choke its market and own the market. yes it could move price, price can be dragged to its knees.
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As the title suggests, I've been pounding on this news. The crypto market easily gets influenced by such announcements. However, the issue is that we don't know if it will pump or dump the market.
Personally, I think it might be a pump. Quick recap, yesterday I saw news that HBO is releasing a documentary about Bitcoin, claiming they may have uncovered Satoshi Nakamoto's true identity - quite surprising! I'm curious about the documentary, but more concerned about its market impact. How do you think the big reveal will affect the market?
There is nothing about Satoshi Nakomoto we haven't heard before, all sort of conspiracy theories and all they said were just talk without prove, even this one there is nothing serious about it. What I expect them to do is to just make some documentary and talks about who Satoshi is and how he disappeared anonymously without any trace, there is no Satoshi to be reveal.
As for the market, there is nothing going to happen, it's not going to affect the market in any ways because the market maker who is going to move the market knows what they are going to air to the public which is going to be garbage anyways.
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Personally, I think it might be a pump.
Why would it?
There is simply no reason for it other than publicity and the guys who would watch it are already holders and the ones that haven't bought to date won't do it because of a documentary that might not even be truly positive about Bitocin from all we know!
It's no longer 2013 that a clip or PR stunt would move a 1 trillion market!
Bitcoin has long been opposed by governments. if Nakamoto is identified, it also means they can this man and even force him to edit the codes of BTC which he could make its supply to 21B supply. ;D
That's NOT how Bitcoin works!
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People would be curious but I doubt they would buy BTC now just because Satoshi is identified. This is not like the early days of Bitcoin and crypto. Back then, a simple announcement of a project founder attending a conference would create a hype and then a pump follows.
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Bitcoin has long been opposed by governments. if Nakamoto is identified, it also means they can this man and even force him to edit the codes of BTC which he could make its supply to 21B supply. ;D
The only thing Satoshi can affect is the number of bitcoins he owns, if he owns a million bitcoins then there is a chance that those coins will be spent instead of being considered dead. A million bitcoins will definitely affect the market so the effect will be negative but Satoshi cannot change anything in the Bitcoin protocol or the total supply.
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As the title suggests, I've been pounding on this news. The crypto market easily gets influenced by such announcements. However, the issue is that we don't know if it will pump or dump the market.
Personally, I think it might be a pump. Quick recap, yesterday I saw news that HBO is releasing a documentary about Bitcoin, claiming they may have uncovered Satoshi Nakamoto's true identity - quite surprising! I'm curious about the documentary, but more concerned about its market impact. How do you think the big reveal will affect the market?
It's not actually the first time to hear such news on socials. Most time it usually affects the market in both positive or negative direction. Then it's just another fake speculation that they are trying to pass around. We shouldn't expect much from the show as they will only just make discussions in their recent speculation on who Satoshi really is.
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Bitcoin has long been opposed by governments. if Nakamoto is identified, it also means they can this man and even force him to edit the codes of BTC which he could make its supply to 21B supply. ;D
The only thing Satoshi can affect is the number of bitcoins he owns, if he owns a million bitcoins then there is a chance that those coins will be spent instead of being considered dead. A million bitcoins will definitely affect the market so the effect will be negative but Satoshi cannot change anything in the Bitcoin protocol or the total supply.
Yeah, and then again - it's highly unlikely they will reveal somebody that wasn't already speculated to be Satoshi.
Even then, the person that they will present is probably either dead / not available to be spoken. That's what everybody suggests at the moment.