Topic: Mt Gox BTC sale imminent. Is this the beginning of the real bear market? (Read 209 times)
May 01, 2018, 03:05:42 PM
If we take this news into account, we are expecting a very lively market in the near future. Those who know how to trade on the exchange can make good money on the upcoming swing. It is the swing that awaits us ahead, there will not be a major market crash.
May 01, 2018, 03:01:57 PM
As far as I remember Mt Gox lawyer said he didn't sell any bitcoins meanwhile all others state he did sell some amount at weird lower prices. I just guess mt gox selling will really shake market, including all altcoins but it won't be 'impossible to return back' crash.
April 26, 2018, 02:59:11 PM
As far as I know, it's about 16,000 BTC. And the network immediately appeared a message to prevent an ambiguous interpretation of this sale.
"Following consultation with cryptocurrency experts, I sold BTC and BCC, not by an ordinary sale through the BTC/BCC exchange, but in a manner that would avoid affecting the market price, while ensuring the security of the transaction to the [greatest] extent possible,"
This is direct quote from Mt. Gox Trustee Kobayashi. As you can see, this transaction can not affect the course of Bitcoin in any way.
"Following consultation with cryptocurrency experts, I sold BTC and BCC, not by an ordinary sale through the BTC/BCC exchange, but in a manner that would avoid affecting the market price, while ensuring the security of the transaction to the [greatest] extent possible,"
This is direct quote from Mt. Gox Trustee Kobayashi. As you can see, this transaction can not affect the course of Bitcoin in any way.
This is a good information about mt gox dumping all they possessed in a manner that shall have no effect on the course of the btc price movement but as good as that may sound; do you have any link to proof the authenticity of your claim ?
Are you kidding me? I gave you an authentic speech. Copy words into the Google search or whatever you use there and find hundreds of sources.Choose any of them.
coindesk.com
cointelegraph.com
news.bitcoin.com
Let’s say whoever buys the BTC from Mt Gox dumps them on the open market and at the same time does a short on the CME: BTC goes down and the short takes the money.
April 26, 2018, 02:52:55 PM
There is no doubt these BTC will come to the market, we just don't know when this will be, but there is no information in the space to sugget MT GOX is about to begining selling the remaining BTC in their possesion. It is better to sell now and remove all these uncertainties from the space
April 26, 2018, 02:45:58 PM
So it seems sale goes in parts, at the previous sales the market fell but not so strongly, there was a correction. So I think so not much affected
April 26, 2018, 02:43:22 PM
There is no doubt these BTC will come to the market, we just don't know when this will be, but there is no information in the space to sugget MT GOX is about to begining selling the remaining BTC in their possesion. It is better to sell now and remove all these uncertainties from the space
April 26, 2018, 02:03:42 PM
I think that we already survied the bear market, and the current fall is nothing but a short correction which usually follows such rise which happened a week ago. More and more big investors enter the market so I hope to see a strong bull market during the next month.
April 26, 2018, 01:53:07 PM
They have been selling it and is one of the reasons for fueling the price dip. But the periodic selling and the decreasing amount and effect of it can't have a large influence on the price anymore.
After selling more than 35K BTC in the short period of time, we still have a sustaining BTC price.
I hope that Kobayashi will be smarter next time, and maybe will sell them in some kind of private sell, but not just dump coins on the exchange, after all I guess he is interested in good price for his remaining coins. Quote
Kobayashi announced in a document on Mar. 7 that 35,841 BTC and 34,008 BCH had been sold between December 2017 and February 2018
After selling more than 35K BTC in the short period of time, we still have a sustaining BTC price.
April 26, 2018, 01:41:49 PM
As far as I know, it's about 16,000 BTC. And the network immediately appeared a message to prevent an ambiguous interpretation of this sale.
"Following consultation with cryptocurrency experts, I sold BTC and BCC, not by an ordinary sale through the BTC/BCC exchange, but in a manner that would avoid affecting the market price, while ensuring the security of the transaction to the [greatest] extent possible,"
This is direct quote from Mt. Gox Trustee Kobayashi. As you can see, this transaction can not affect the course of Bitcoin in any way.
"Following consultation with cryptocurrency experts, I sold BTC and BCC, not by an ordinary sale through the BTC/BCC exchange, but in a manner that would avoid affecting the market price, while ensuring the security of the transaction to the [greatest] extent possible,"
This is direct quote from Mt. Gox Trustee Kobayashi. As you can see, this transaction can not affect the course of Bitcoin in any way.
This is a good information about mt gox dumping all they possessed in a manner that shall have no effect on the course of the btc price movement but as good as that may sound; do you have any link to proof the authenticity of your claim ?
April 26, 2018, 01:07:42 PM
There is a strong possibility the market will crash: if it does buy on the lows and the next surge in BTC and Alts will be the real deal. The surge in April might not have been the real deal?
Opinion only by by me!!
Hope I am right because I want to buy into some positions!
I think the big boys want a major crash so they can get in!
Many missed the boat because they were caught by surprise with the BTC spike that originated from a group or individual that did this!
Regulation is still up in the air!
Opinion only by by me!!
Hope I am right because I want to buy into some positions!
I think the big boys want a major crash so they can get in!
Many missed the boat because they were caught by surprise with the BTC spike that originated from a group or individual that did this!
Regulation is still up in the air!
Lol. What you wanted to happened is to buy more that's why you want the price to go down again. That is not an opinion. That is what you wish for dude so that you can open up your position. Why don't you get in with the current price instead of waiting for thing that will not likely to happen?
And Isn't it the Mt. Gox trustee can't dumped or offload the bitcoins in his possession unless order by the court? And the next hearing will be in September so I doubt the scenario that you are trying to portray will happen unless the trustee decides to offload it without the court intercession. But doing so will result in him getting into jail for sure.
April 26, 2018, 01:06:22 PM
No!It is better not to happen in this situation. Now that the market has just been restored for a few days,but you have said that it will collapse again. This is something that no one wants to see.
April 26, 2018, 01:02:33 PM
As i knew that, Nobuaki Kobayashi, lawyer and fund manager of Mt. Gox sold 35,841 bitcoin and 34,008 bitcoin cash - worth more than $ 400 million in the past few months, starting last September. So i think this time they can effect the market 
April 26, 2018, 12:42:12 PM
I think the bear market is over now, the dip today is going to be the last chance before it really starts to rocket. People holding back waiting for it to hit rock bottom have missed the boat, the time to invest is now. Mt Gox sale is too small to have any real impact
April 26, 2018, 12:37:52 PM
As far as I know, it's about 16,000 BTC. And the network immediately appeared a message to prevent an ambiguous interpretation of this sale.
"Following consultation with cryptocurrency experts, I sold BTC and BCC, not by an ordinary sale through the BTC/BCC exchange, but in a manner that would avoid affecting the market price, while ensuring the security of the transaction to the [greatest] extent possible,"
This is direct quote from Mt. Gox Trustee Kobayashi. As you can see, this transaction can not affect the course of Bitcoin in any way.
"Following consultation with cryptocurrency experts, I sold BTC and BCC, not by an ordinary sale through the BTC/BCC exchange, but in a manner that would avoid affecting the market price, while ensuring the security of the transaction to the [greatest] extent possible,"
This is direct quote from Mt. Gox Trustee Kobayashi. As you can see, this transaction can not affect the course of Bitcoin in any way.
This is a good information about mt gox dumping all they possessed in a manner that shall have no effect on the course of the btc price movement but as good as that may sound; do you have any link to proof the authenticity of your claim ?
Are you kidding me? I gave you an authentic speech. Copy words into the Google search or whatever you use there and find hundreds of sources.Choose any of them.
coindesk.com
cointelegraph.com
news.bitcoin.com
April 26, 2018, 09:52:03 AM
Well according to me the bear market is over now and it's about time where the market is starting to rise. We can already see a little spike in the current market. I believe that the market will go up slowly but steadily this time. There might be little corrections after every spike but don't mistake it as a bear market because this is how BTC works. It depreciates in price after every spike. I guess this is the time when the market begins to green.
April 26, 2018, 09:49:26 AM
We have seen a huge dip, are growing again, and the next much smaller dip is the real bear market according to you?
Anything is possible, but there is no indication like you're trying to imply.
Anything is possible, but there is no indication like you're trying to imply.
April 26, 2018, 09:46:07 AM
-snip-
This is a good information about mt gox dumping all they possessed in a manner that shall have no effect on the course of the btc price movement but as good as that may sound; do you have any link to proof the authenticity of your claim ?
I have found these claims circulating around reddit, too. In fact this link provides a some sort of interview about Mt. Gox and the issue about the selling of bitcoin https://www.mtgox.com/img/pdf/20180317_qa.pdf
Tho, I am not sure if this is a legit report. In terms that this is true, then there is no point for another market crash unless we are in a bull trap. Personally, I am hoping that we are already past that and that the market will soon finish recovering soon.
April 26, 2018, 09:01:35 AM
There is a strong possibility the market will crash: if it does buy on the lows and the next surge in BTC and Alts will be the real deal. The surge in April might not have been the real deal?
Opinion only by by me!!
Hope I am right because I want to buy into some positions!
I think the big boys want a major crash so they can get in!
Many missed the boat because they were caught by surprise with the BTC spike that originated from a group or individual that did this!
Regulation is still up in the air!
Opinion only by by me!!
Hope I am right because I want to buy into some positions!
I think the big boys want a major crash so they can get in!
Many missed the boat because they were caught by surprise with the BTC spike that originated from a group or individual that did this!
Regulation is still up in the air!
Your speculations might he real but most of the investors want this rally to continue and would not go back to $6k because they have gained what they wanted. It is still not too late to buy Bitcoin because it will still go higher as time goes.
Big players could short-sell big time. Wait and see. These bastards are greedy and play to win!
April 26, 2018, 07:54:52 AM
I think it is good not to expect under 8000 in btc. This will not effect so much
April 26, 2018, 07:53:48 AM
They have been selling it and is one of the reasons for fueling the price dip. But the periodic selling and the decreasing amount and effect of it can't have a large influence on the price anymore.
After selling more than 35K BTC in the short period of time, we still have a sustaining BTC price.
Quote
Kobayashi announced in a document on Mar. 7 that 35,841 BTC and 34,008 BCH had been sold between December 2017 and February 2018
After selling more than 35K BTC in the short period of time, we still have a sustaining BTC price.
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