Mt Gox hackers selling off their $650 million - is that keeping price down? - page 2.

monsanto

legendary

Activity: 1241

Merit: 1005

..like bright metal on a sullen ground.

Quote from: ?? on ??

Quote from: ransomer on July 26, 2015, 04:43:30 PM

Quote from: jonald_fyookball on July 26, 2015, 04:28:14 PM

My personal opinion (based on gut feeling) is that most of that selling
already happened during the bear trend from $1000 down to $200.

My feeling is also that Karpeles was involved.

So you think their selling off drove the bear stage, and that they now are mostly sold - and that is why we are seeing a plateu and starting rise in price again?

We are past major dumps, there was also the 15 million worth of coins from (coinbase?) an exchange and the silk road coins, I think we should be pretty much on the up and up from here on out (not counting the little variation throughout the day)

Unless Satoshi decides to dump. Wink

grendel25

legendary

Activity: 2296

Merit: 1031

That's a good question to the point of which of the Mt Gox factors would impact the price of bitcoin the most. There are the shock/confidence factors and then the literal supply/demand factors. It's all so convoluted at this point. Some people say the Chinese were dictating the price at one point. Maybe they were with hacked Mt Gox coins. Hard to say, really. Maybe that's part of the appeal of bitcoin too.

unamis76

legendary

Activity: 1512

Merit: 1012

How do you know these coins are being sold? Is there any blockchain evidence that backs this up?

Even if they are being sold, I don't really think that's what's keeping the price down, the real question lately is how the price is so high like this? Cheesy

Kazimir

legendary

Activity: 1176

Merit: 1011

Quote from: ransomer on July 26, 2015, 04:15:36 PM

Selling them has and will take a while - what will happen to the price when they finish selling them?

Mt Gox hackers? As far as I know, Mark Karpeles worked alone?

jonald_fyookball

legendary

Activity: 1302

Merit: 1008

Core dev leaves me neg feedback #abuse #political

Quote from: ransomer on July 26, 2015, 04:43:30 PM

Quote from: jonald_fyookball on July 26, 2015, 04:28:14 PM

My personal opinion (based on gut feeling) is that most of that selling
already happened during the bear trend from $1000 down to $200.

My feeling is also that Karpeles was involved.

So you think their selling off drove the bear stage, and that they now are mostly sold - and that is why we are seeing a plateu and starting rise in price again?

Markets don't move entirely because of a single player, even a huge player like Gox.
So I wouldn't ascribe a simple cause and effect relationship like you're asking, but
it could be a factor. Also keep in mind there is still significant selling pressure from miners.
I do expect the havling that happens in 2016 to create major increases in price, although
that may happen somewhat prior as speculators position themselves. So part of the bull
run now may be anticipatory in that regard, although I still expect another leg up after
the halving.

ransomer

newbie

Activity: 56

Merit: 0

Quote from: cryptothreads on July 26, 2015, 04:49:18 PM

Quote from: ?? on ??

Quote from: ransomer on July 26, 2015, 04:43:30 PM

Quote from: jonald_fyookball on July 26, 2015, 04:28:14 PM

My personal opinion (based on gut feeling) is that most of that selling
already happened during the bear trend from $1000 down to $200.

My feeling is also that Karpeles was involved.

So you think their selling off drove the bear stage, and that they now are mostly sold - and that is why we are seeing a plateu and starting rise in price again?

We are past major dumps, there was also the 15 million worth of coins from (coinbase?) an exchange and the silk road coins, I think we should be pretty much on the up and up from here on out (not counting the little variation throughout the day)

I have a feeling you are correct on this .

Someone with a sharp eye on the turnover of btc could have a good idea of this... but yes you could certainly be right.

If so - then I guess we are headed up price-wise. However, probably not until after a period of uncertainty and people taking gains in small leaps (has this period also almost happened?) because of the whole rise-and-fall we have seen.

cryptothreads

hero member

Activity: 1274

Merit: 500

Quote from: ?? on ??

Quote from: ransomer on July 26, 2015, 04:43:30 PM

Quote from: jonald_fyookball on July 26, 2015, 04:28:14 PM

My personal opinion (based on gut feeling) is that most of that selling
already happened during the bear trend from $1000 down to $200.

My feeling is also that Karpeles was involved.

So you think their selling off drove the bear stage, and that they now are mostly sold - and that is why we are seeing a plateu and starting rise in price again?

We are past major dumps, there was also the 15 million worth of coins from (coinbase?) an exchange and the silk road coins, I think we should be pretty much on the up and up from here on out (not counting the little variation throughout the day)

I have a feeling you are correct on this .

ransomer

newbie

Activity: 56

Merit: 0

Quote from: jonald_fyookball on July 26, 2015, 04:28:14 PM

My personal opinion (based on gut feeling) is that most of that selling
already happened during the bear trend from $1000 down to $200.

My feeling is also that Karpeles was involved.

So you think their selling off drove the bear stage, and that they now are mostly sold - and that is why we are seeing a plateu and starting rise in price again?

sana9821

sr. member

Activity: 420

Merit: 250

Quote from: fryarminer on July 26, 2015, 04:28:33 PM

Quote from: ransomer on July 26, 2015, 04:15:36 PM

Selling them has and will take a while - what will happen to the price when they finish selling them?

What makes you think they are or want to sell them?

why wouldnt they want to sell it? wouldnt you do it if you have that much bitcoins? its easy money for them now and they want to cash out as much as possible though its just my guess

fryarminer

hero member

Activity: 686

Merit: 500

Quote from: ransomer on July 26, 2015, 04:15:36 PM

Selling them has and will take a while - what will happen to the price when they finish selling them?

What makes you think they are or want to sell them?

jonald_fyookball

legendary

Activity: 1302

Merit: 1008

Core dev leaves me neg feedback #abuse #political

My personal opinion (based on gut feeling) is that most of that selling
already happened during the bear trend from $1000 down to $200.

My feeling is also that Karpeles was involved.

ransomer

newbie

Activity: 56

Merit: 0

Quote from: gentlemand on July 26, 2015, 04:20:41 PM

No one admits to knowing what happened even after all this time. The most convincing theories suppose that if there was a significant theft it happened in 2011/12. Even that's pure guesswork.

Regardless of when it happened, the question remains the same.

gentlemand

legendary

Activity: 2590

Merit: 3014

Welt Am Draht

No one admits to knowing what happened even after all this time. The most convincing theories suppose that if there was a significant theft it happened in 2011/12. Even that's pure guesswork.

ransomer

newbie

Activity: 56

Merit: 0

Selling them has and will take a while - what will happen to the price when they finish selling them?

Topic: Mt Gox hackers selling off their $650 million - is that keeping price down? - page 2. (Read 2166 times)