10.000 bitcoins moved from gox wallet ready to short BTC

Wind_FURY

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Quote from: Proton2233 on April 04, 2018, 11:36:19 AM

I've heard that the Manager of mt.gox translated 70 000 bitcoins on Bittrex account. Perhaps these bitcoins are part of these coins. I don't understand why these bitcoins are constantly moving through accounts. Maybe the whales use these accounts to panic and lower prices. Let's see. Perhaps tomorrow we will see another price drop.

What I heard is the MtGox trustee was moving them to Bittrex because he plans to pump Decred with them. Hahaha.

But seriously, they are all speculation and you must not make your investment decisions because you "heard" something. They are good for gossip and small talk, nothing more.

Herbert2020

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Quote from: 1Referee on April 03, 2018, 11:02:40 AM

I don't understand why people keep going nuts over this. Everything is being taking care of in a legal manner, which means that these coins can't and won't get dumped randomly, especially not if you take into consideration that there is nothing left to sell for - the required amount to pay victims back is already present. Also, you guys need to try harder to cause panic, the 10,000BTC were sent to a Bittrex wallet. Nice try.

https://chainz.cryptoid.info/btc/address.dws?1N52wHoVR79PMDishab2XmRHsbekCdGquK.htm

this is just another excuse to spread FUD and excuse for others to panic.
sometimes people don't even care if the news is real or not, it may sometimes be real but not effective but they still will panic over it and start selling their bitcoins. and the market, specially the big players have always liked this for as long as the market was active that is how they make a lot of money anyways.

cellard

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Quote from: Proton2233 on April 04, 2018, 11:36:19 AM

I've heard that the Manager of mt.gox translated 70 000 bitcoins on Bittrex account. Perhaps these bitcoins are part of these coins. I don't understand why these bitcoins are constantly moving through accounts. Maybe the whales use these accounts to panic and lower prices. Let's see. Perhaps tomorrow we will see another price drop.

Look no further: the price drop is here, most likely because people read these things and it causes panic sells, who knows if the whale even sold. Last thing I heard is they weren't going to sell again until september. Also unless the idiot doing this job doesn't want to end up getting killed by an angry Bitcoin billionaire hodler, he should go OTC, otherwise dumping at market prices on freaking Bitstamp and Kraken is a direct attack on Bitcoin, and shall not be tolerated.

In any case, just buy the god damn dip. 21 million coin limit is there irrespective of 10,000, 100,000 or 1,000,000 coins getting dumped, they are switching hands, so make sure to be the one getting the coins.

Proton2233

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I've heard that the Manager of mt.gox translated 70 000 bitcoins on Bittrex account. Perhaps these bitcoins are part of these coins. I don't understand why these bitcoins are constantly moving through accounts. Maybe the whales use these accounts to panic and lower prices. Let's see. Perhaps tomorrow we will see another price drop.

stompix

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Blackjack.fun

Quote from: BillCoin on April 03, 2018, 11:02:11 AM

It's a confirmed mt.gox wallet, on that we can agree,

Confirmed by who?

Quote from: Deeyoh on April 03, 2018, 06:51:25 PM

Cats out of the bag.. Since I posted this they just sent 700 btc to one exchange and 400btc to another.

And your proof for this claim is?
On second thought....what is wrong with Bittrex sending coins to Bitstamp or whathever?

Quote from: exstasie on April 03, 2018, 04:00:04 PM

This looks like FUD. Let's confirm:

First of all, what makes you think it's from the Gox wallet? I can't find it on the (admittedly incomplete) list of addresses here: https://www.reddit.com/r/mtgoxinsolvency/comments/82m0dl/mtgox_trustee_has_sold_some_btc_and_bch/dvd2vre/

Second, the receiving address for those 10,000 BTC is part of a Bittrex wallet: https://www.walletexplorer.com/wallet/Bittrex.com?from_address=1N52wHoVR79PMDishab2XmRHsbekCdGquK

Of course there is no proof that this address is linked to Mt Gox.
And most important thing is that it didn't receive any funds till 2016 and at that point nobody was moving coins for Mt Gox.

It's just another wave of people panicking for no reason at all.

Quote from: exstasie on April 03, 2018, 04:00:04 PM

... You can't sell for fiat money on Bittrex, and they don't have any OTC service that I know of. So it wouldn't make any sense for the trustee to send coins there.

Didn't know that...
So they deal in with Tether ?

DeathAngel

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I thought it was agreed that they wouldn’t sell via an exchange again & that it’d be done OTC in the future?

Deeyoh

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Cats out of the bag.. Since I posted this they just sent 700 btc to one exchange and 400btc to another.

Deeyoh

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This isn't the Mt.Gox coins that were supposedly found and tracked. Strange that none of those coins has moved even when they said they were selling. I think this is a different amount that must have been found or someone else. Remember--Gox lost 800,000+ BTC.

The trustee said they had a deal with an exchange to move the coins.. Well, we now know it's Bittrex. Where the hell did that rinky dink altcoin exchange suddenly come up with 200,000 BTC?

I just tracked some of that 10,000 coins that moved from the Bittrex cold wallet to it's hot wallet. Then I followed a few 400BTC sends to Bitstamp and another exchange. They'll soon be moving those coins to other exchanges to dump on the market. It usually takes 24-48hours to get the coins distributed to exchanges and bots set up to dump them.

exstasie

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Quote from: supremnoob on April 03, 2018, 07:05:13 AM

https://blockchain.info/nl/address/16rCmCmbuWDhPjWTrpQGaU3EPdZF7MTdUk

Cry

This looks like FUD. Let's confirm:

First of all, what makes you think it's from the Gox wallet? I can't find it on the (admittedly incomplete) list of addresses here: https://www.reddit.com/r/mtgoxinsolvency/comments/82m0dl/mtgox_trustee_has_sold_some_btc_and_bch/dvd2vre/

Second, the receiving address for those 10,000 BTC is part of a Bittrex wallet: https://www.walletexplorer.com/wallet/Bittrex.com?from_address=1N52wHoVR79PMDishab2XmRHsbekCdGquK

... You can't sell for fiat money on Bittrex, and they don't have any OTC service that I know of. So it wouldn't make any sense for the trustee to send coins there.

Altcoins enthusiast

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How did these large quantities fall in the hands of this fellow. Mtgox has turned out to be the number one enemy of cryptocurrency and I think they aim is to tell the market. However, to me it is a good thing and this is going to make bitcoin falls into the hands of those that may be interested in bitcoin development.

BitHodler

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Initially it was pretty understandable that people go nuts over the MtGox dump situation, but at this stage its getting pathetic because it firstly isn't MtGox moving these coins, and secondly, there will be no more sales.

If you think logically, market movers monitor these coins 24/7, where if there was a move of funds noticed, they would react to that, regardless of what will happen with the coins, and that isn't the case.

Another thing is that when a large balance wallet is moving or relocating coins, it doesn't mean a whale is going to short Bitcoin. In +90% of the cases these are exchange activities, and very easy to spot.

hugeblack

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Will affect in the short term only if it is confirmed that these currencies have already sold but since the market did not see a rebound (1%-3%), I do not think that's what happened.
Good news: There are still 10,000 bitcoins in the market and have not been lost or wasted.
16rCmCmbuWDhPjWTrpQGaU3EPdZF7MTdUk recive 7,000 BTC 2018-03-24, 4,500 BTC 2018-03-19 and 5,000 BTC 2018-03-06

More good news: you can send $ 74,134,900.00 using $ 0.30 fees

gentlemand

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Welt Am Draht

What a crock of shit.

Do you really believe that a Japanese bankruptcy court has the interest or right to get on Yobit and start fucking around with coins that don't belong to them? They control them. They do not own them.

Stop thinking like internet zombie brats and start thinking like functioning adults. There must be a few here.

imapessimist

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I didn't quite get what a short was. Is it a fake buy when the sale doesn't go through. It all sounds very dodgy to me.

1Referee

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I don't understand why people keep going nuts over this. Everything is being taking care of in a legal manner, which means that these coins can't and won't get dumped randomly, especially not if you take into consideration that there is nothing left to sell for - the required amount to pay victims back is already present. Also, you guys need to try harder to cause panic, the 10,000BTC were sent to a Bittrex wallet. Nice try.

https://chainz.cryptoid.info/btc/address.dws?1N52wHoVR79PMDishab2XmRHsbekCdGquK.htm

BillCoin

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It's a confirmed mt.gox wallet, on that we can agree, but what makes you think that this bitcoins are going for short positions?
We should wait to see whether the receiptent sends the funds to a known cold storage of an exchange, if it's true, then we can be 90% sure that the bitcoins are going to be sold.
I can't see how an exchange holds this funds online and not offline.

STT

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Its not a short if they own the coins. A normal short is to borrow other peoples coins at a higher price, sell then repay at the low price. That matters because every short now is a future buyer, hence strong reversals occur.

The Gox Bitcoins were never lost that I read so the market should not have ignored the transfer of them. Basically all this means, its a short term blip and nothing has changed to the overall BTC supply and demand.

Sure the Gox coins will find a way onto exchange and feed supply for buyers, meaning a lower price but Bitcoin is a big market and even Gox is not much compared to the overall weekly supply and demand. The person selling the Gox coins knows this, they wont dump on 1 day on just 1 exchange, the price wont be best then

cellard

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Still no clear evidence that coins being moved from that address means coins being sold in the market. They could be moved to someone's address for OTC trading or any other reason. I think what caused the transactions with the crashes was people speculating around it and reacting negatively around it. Just stop fucking panic selling every time that account moves funds and we will be ok.

There's also money going in that address for some reason that no one has explained yet. We don't know what's going on and dumping your coins because they moved them somewhere it's as much of a risk as holding, so just hodl.

vit05

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At this point in time when a good part of the people who entered after November are in panic, this type of news has a destructive potential. We need to be careful about commenting on this. There are already several tools that monitor the portfolios associated with the trust. It is well documented.

Quote from: Zubilica2 on April 03, 2018, 08:27:47 AM

Not MtGox - you know there are other wales in the wild

https://www.cryptoground.com/mtgox-cold-wallet-monitor/

Febo

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Quote from: supremnoob on April 03, 2018, 07:05:13 AM

10.000 bitcoins moved from gox wallet ready to short BTC

I assume you mean this guy moved his 10k BTC to sell them and not short. When you short Bitcoin you don't use BTC. Shortening means you lend them from an exchange. He might long bitcoin and he send his coins to an exchange to long. If and here is huge if this guy with thai 10k BTC is margin trading he can only go long. But most likely he is or selling or buying something or just moving them.

To bad there is no was no crapit it added when was added merit. I would for sure donate you some crapit for this crap post.

Quote from: jagdeepjd on April 03, 2018, 07:56:01 AM

Quote from: supremnoob on April 03, 2018, 07:05:13 AM

https://blockchain.info/nl/address/16rCmCmbuWDhPjWTrpQGaU3EPdZF7MTdUk

Cry

Hmm interesting Need to confirm this because when i read the news it was said that mt gox will not be liquidating any btc untill july month.
Btc is just starting to get some momentum if this is true then its not good for the market.

There is no need to sell any Bitcoin anymore since they have enough money to pay all that MtGox is in debt. The rest coins will be returned to MtGox owners. They will be able to move them as they please.

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