IMO 400M sell out can't move the price for longer than 1-2 days.
It's the Binance API + other factors.
Now he must wait till the end of the year before get a court permission to dump the rest coins - 130K Bitcoins.
Topic: Do you believe that this man crashed Bitcoin this 2018? - page 2. (Read 713 times)
Mt Gox sold the bitcoin for settle the funds worth of 400 million USD worth of bitcoins. Actually it affects more than 2000 USD in the market in last week but today again bitcoin started boom back again buddy. If you are waiting to invest your fund please put all your money on bitcoin and buy as you much can.
Since your reason is perfect. You may utilize this suggestion I gave here and invest on it. Great day mate.
Since your reason is perfect. You may utilize this suggestion I gave here and invest on it. Great day mate.
When the news first came out, I thought it was ridiculous. I think most people with any sense of logic would say the same. But I guess we underestimate the illogical thinking of the masses. Even those who did not believe it probably sold a little, "just in case",,, and this leads to the same following from other people. Small sells become bigger, and then the effect is multiplied. But the good news? Even this type of massive sells only dents Bitcoin price temporarily. My question now is why on earth is Bitcoin affecting all the alts too?
hero member
Activity: 2660
Merit: 651
Want top-notch marketing for your project, Hire me
OP, the article posted is just one of the reason behind the dump in price of bitcoin because a lot of things happened lately which affect the crypto market. However, you'll see that bitcoin was not the only coin affected.
we may say that what he did was one of the causes why their is price dropped because it make some investor doubtful how stable bitcoin right now but we can not say that it wont regain because bitcoin has many investor and for me, they are just observing right now what will happened next..
He is partly to blame but most of the other price dumps have been as a result of the SEC's fresh regulations for exchanges.There is news Mt. Gox may have to sell an additional 1.9bn but I also heard they have been banned from liquidating till later this year.
I do not think that the entire crypto market can be brought down by one person's selling alone. There has been lot of other FUD
that has contributed to this big correction.
that has contributed to this big correction.
No I don't think it was him alone. It played a part for sure in moments but I think regulatory fears are having a much greater effect
Do you believe that this man crashed Bitcoin this 2018? This man https://www.zerohedge.com/news/2018-03-07/bitcoins-tokyo-whale-sells-400m-bitcoin-bitcoin-cash This might be the reason why the market has been swinging lately and can't recover.
P.S
Not spreading FUD. Just want to know what's your opinion on this.
HODL! HODL! HODL! HODL!
P.S
Not spreading FUD. Just want to know what's your opinion on this.
HODL! HODL! HODL! HODL!
I think that now there is a manipulation of the market by large players. If this person sells bitcoins, then only to buy them below. Perhaps - this can be a fake news, to divert public attention and put the blame on 1 person
... while holding 166k BTC and, apparently, no regard for the market's stability. Hopefully, the remaining coins won't be sold (nor given to Karpeles), but instead returned to the creditors (I think the coins' fate will be determined sometime in September?).
Yes. As i got from the further news on this subject, the trustee isn't allowed to sell more untill the next court session on Mt.Gox bankruptcy which will take place in the middle of september and where they'll decide what to do with the rest of the funds.
I hope the criminals are caught as soon as possible. We were very sore from the thieves.
Do you believe that this man crashed Bitcoin this 2018? This man https://www.zerohedge.com/news/2018-03-07/bitcoins-tokyo-whale-sells-400m-bitcoin-bitcoin-cash This might be the reason why the market has been swinging lately and can't recover.
P.S
Not spreading FUD. Just want to know what's your opinion on this.
HODL! HODL! HODL! HODL!
P.S
Not spreading FUD. Just want to know what's your opinion on this.
HODL! HODL! HODL! HODL!
Mt Gox sold the bitcoin for settle the funds worth of 400 million USD worth of bitcoins. Actually it affects more than 2000 USD in the market in last week but today again bitcoin started boom back again buddy. If you are waiting to invest your fund please put all your money on bitcoin and buy as you much can.
Since your reason is perfect. You may utilize this suggestion I gave here and invest on it. Great day mate.
I do not believe this is the reason of this correction. This does not explain why all other coins have gone through an even bigger correction than bitcoin.
Not possible for 1 man to crash this way...
Do you believe that this man crashed Bitcoin this 2018? This man https://www.zerohedge.com/news/2018-03-07/bitcoins-tokyo-whale-sells-400m-bitcoin-bitcoin-cash This might be the reason why the market has been swinging lately and can't recover.
P.S
Not spreading FUD. Just want to know what's your opinion on this.
HODL! HODL! HODL! HODL!
P.S
Not spreading FUD. Just want to know what's your opinion on this.
HODL! HODL! HODL! HODL!
Let me ask you something. Do you believe that 40000 Bitcoin can crash a market long term? Yes of course they should reduce a price, but no way crash it.
Everyone is free to do with his cons whatever he want. Satoshi can let them rotten on his wallets forever if he want. If you believe that this puny 40k BTC crashed market what would Satoshis 20 times more coins do then?
i heard Mt gox trustee sold 30 thousand bitcoin so the market is crashed but this news is circulating in the market is it a person sold or a trustee sold right information is confused
It's all over the news right now, some of the articles said that it is a panic selling from the trustee itself of the MT.gox and other stated that they are selling tons of bitcoins and the forks like BCH and they are waiting for the other forks to pump in order to pay its debts from the recent hacking incident of this exchange last 2014, but the panic selling is really fishy to me cause the price of bitcoin last December was almost 20k USD the same with the BCH and other altcoins, why enter of such panic if the cryptocurrency price is at good run. Do you believe that this man crashed Bitcoin this 2018? This man https://www.zerohedge.com/news/2018-03-07/bitcoins-tokyo-whale-sells-400m-bitcoin-bitcoin-cash This might be the reason why the market has been swinging lately and can't recover.
P.S
Not spreading FUD. Just want to know what's your opinion on this.
HODL! HODL! HODL! HODL!
P.S
Not spreading FUD. Just want to know what's your opinion on this.
HODL! HODL! HODL! HODL!
only because of it is unlikely that the price falls so, but it affects the price drop. Plus news background negative and the result on the face
I guess binance trading bots hacked were the main reason of 7-8th of march dip. Though the news about Mt.Gox trustee selling loads of BTC/BCH didn't help too for sure. But in my opinion it was another try to manipulate the market with the information background. The sales took place since decemeber and weren't so large to dump the prices. But we've heard about it only last week aside with the bad news about regulation in USA and China to increase the panic sells.
Well, it didn't really help with the March 7 dip that the trustee stated:
"I plan to consult with the court and determine further sale of BTC and BCC,".
... while holding 166k BTC and, apparently, no regard for the market's stability. Hopefully, the remaining coins won't be sold (nor given to Karpeles), but instead returned to the creditors (I think the coins' fate will be determined sometime in September?).
Not 2018, it's too early to say that this year ends and its the only reason that can lead the market to crash.
But I believe that guy is the reason for the current crash that we experienced. And everyone believes that after this incident bitcoin can go to another ATH due to this.
But I believe that guy is the reason for the current crash that we experienced. And everyone believes that after this incident bitcoin can go to another ATH due to this.
I do not think he is the reason why Bitcoin crashed in the late quarter of 2017 and early 2018. Many many factors contribute to that crash and many even agree that it was really not a crash but bitcoin is just correcting itself after the FOMO of 2017.
He is one of the contributor for this current crash.
I guess binance trading bots hacked were the main reason of 7-8th of march dip. Though the news about Mt.Gox trustee selling loads of BTC/BCH didn't help too for sure. But in my opinion it was another try to manipulate the market with the information background. The sales took place since decemeber and weren't so large to dump the prices. But we've heard about it only last week aside with the bad news about regulation in USA and China to increase the panic sells.
Do you believe that this man crashed Bitcoin this 2018? This man https://www.zerohedge.com/news/2018-03-07/bitcoins-tokyo-whale-sells-400m-bitcoin-bitcoin-cash This might be the reason why the market has been swinging lately and can't recover.
P.S
Not spreading FUD. Just want to know what's your opinion on this.
HODL! HODL! HODL! HODL!
P.S
Not spreading FUD. Just want to know what's your opinion on this.
HODL! HODL! HODL! HODL!
Yes that is the reason, but I don't consider that a long term effect, it will come to pass, I think it's good for those who want to buy at a much lower price, some buy order has been completed, now Bitcoin is back again in its bullish trend I hope it will continue to be bullish
Jump to: