Topic: Mt. Gox’s Bitcoins wouldn’t be selling any more. (Read 240 times)
That's a great news for bitcoin holder and altcoin holder. We hope the bitcoin price will back to rise again and so the altcoin that down deeply because of the bitcoin downfall.
this is good news, but not fundamental. I think we still need to wait for some good news like this to grow.
It will be very nice, and I think it will be able to hold the bitcoin price to not go down too far, and it will be able to withstand bitcoin.
Yes, it is true. They will not be selling bitcoins anymore. This decision was taken after the exchange faced disappearance thousands of bitcoins. But the losses will be compensated to the people by the company. This means that the money they has lost will be reimbursed fully. This will be initiated somewhere in-between 2019.
This is good news. This way they cant dump bitcoin they hold. Also, good for holders as they were compensated, thier money is reimbursed. At leaset holders is relieved tthat tyhier money is not totally lost. Hope some other exchanges will do the same.
Yes, it is true. They will not be selling bitcoins anymore. This decision was taken after the exchange faced disappearance thousands of bitcoins. But the losses will be compensated to the people by the company. This means that the money they has lost will be reimbursed fully. This will be initiated somewhere in-between 2019.
What are all the zero merit pinheads going to use to scare us now? A devastating blow for them.
I'm dead pleased for anyone who'll get anything back out of this. Considering how rare civil rehabilitation seems, I wonder whether someone from the outside persuaded them or they decided it was the least messy option themselves. Karpeles and Jed thingy getting all of it would not have been a good look for anyone, the tax bill even more so.
I'm dead pleased for anyone who'll get anything back out of this. Considering how rare civil rehabilitation seems, I wonder whether someone from the outside persuaded them or they decided it was the least messy option themselves. Karpeles and Jed thingy getting all of it would not have been a good look for anyone, the tax bill even more so.
This one of good news I was waiting for long time now.
MT GOX made huge dump during few months now.
MT GOX made huge dump during few months now.
Mt. Gox is a bitcoin exchange.Recently, it is heard that it has went bankrupted. It now has to pay $ 1 billion to its customers.
Because they are traumatic what happen them last january they are hack by almost $500 millions of dollar and now they are securing thier digital assets right now.
I do think that he was planning on creating this downfall so that he can sell high and at the same time he can buy Bitcoins when they are at the lowest.
This is quite a game and it's not even illegal and at thats the whole point people who have big influence on Bitcoins are able to maintain the market according to them and that's a negative point about Bitcoins and other ungoverned currencies people with the biggest share in the market will control it that's the universal rule.
Now he will again sell on high when the price recovers.
This is quite a game and it's not even illegal and at thats the whole point people who have big influence on Bitcoins are able to maintain the market according to them and that's a negative point about Bitcoins and other ungoverned currencies people with the biggest share in the market will control it that's the universal rule.
Now he will again sell on high when the price recovers.
The Mt.Gox’s trustee will no longer sell bitcoins.
Losses of creditors will be compensated not in yen but in bitcoins
This will happen in early-mid 2019.
Losses of creditors will be compensated not in yen but in bitcoins
This will happen in early-mid 2019.
Well who could say if the investors will sell thr btcs they receive or not. I think we still have to be prepared for that since there's a chance that the recepients will sell their bitcoins instead of keeping them.
The next FUD might be the creditors who'll receive their bitcoins gonna dump it right away. Well i hope the victims got what deserve in return for their patience.
Some sources for anyone that would like context:
https://www.newsbtc.com/2018/06/24/mt-gox-situation-develops-trustee-announces-bitcoin-repayment-process/
https://www.coindesk.com/mt-gox-crypto-bitcoin-exchange-creditors-win/
I'm sure I'm guilty of proclaiming that Gox users would never see their money again, but I'm prepared to eat some humble pie if this actually happens. It would be nice to have some sort of favourable closure to the whole sordid mess. I guess we'll see what happens next.
https://www.newsbtc.com/2018/06/24/mt-gox-situation-develops-trustee-announces-bitcoin-repayment-process/
https://www.coindesk.com/mt-gox-crypto-bitcoin-exchange-creditors-win/
I'm sure I'm guilty of proclaiming that Gox users would never see their money again, but I'm prepared to eat some humble pie if this actually happens. It would be nice to have some sort of favourable closure to the whole sordid mess. I guess we'll see what happens next.
I never thought that this is really going to happen because I'm also guilty of saying that not a single one of them will be paid as well. Although its still a tiny fraction as @Sithara007 has pointed out, this is a good news for those who have totally lost their trust after this debacle. And as @pooya87 also said, the trustee is not dumping the coins in an exchange, as the Mr. Kobayashi has already cleared this out. So the next time we see the price going down, stop buying the FUD that it has something to do with the man offloading his coins again and doing it intentionally to pull the price down.
I am sure they are not reimbursing all of their customers. As per the statement by the Mt Gox trustee (Nobuaki Kobayashi), only 24,750 of the claims have been approved which is a tiny fraction of the users that Mt Gox had at the time of the hack.
True, but just two years ago, I'd have been surprised if even one customer got just a shiny penny for their efforts. I thought the legal system and lawyers were going to consume whatever money was left. This is still shaping up to be a more positive outcome than many had envisioned, even if it isn't perfect.
I am sure they are not reimbursing all of their customers. As per the statement by the Mt Gox trustee (Nobuaki Kobayashi), only 24,750 of the claims have been approved which is a tiny fraction of the users that Mt Gox had at the time of the hack.
Apparently, Mt. Gox doesn't like to sell at lows and only on highs 
he never sold those bitcoins on any exchanges and when you buy/sell anywhere apart from exchanges you do NOT affect the market. so who cares whether he sells on "lows or highs".
you can read the full story here: https://news.bitcoin.com/the-mt-gox-whale-explains-his-crypto-selling-strategy/
Quote
According to the trustee, he consulted “cryptocurrency experts” during the BCH and BTC sales, and he did not use the traditional method of using a digital asset exchange.
as i have always said this from the day this news hit the media, this was 100% FUD to cause panic and manipulate the price. now this latest news simply marks the end of that FUD.
Really its ups to them based on this I don’t think it will happen because many people are investing now because of the future value now this market is infected but few days later this will be arise soon also in 2019 the price will increase more I think.
Some sources for anyone that would like context:
https://www.newsbtc.com/2018/06/24/mt-gox-situation-develops-trustee-announces-bitcoin-repayment-process/
https://www.coindesk.com/mt-gox-crypto-bitcoin-exchange-creditors-win/
I'm sure I'm guilty of proclaiming that Gox users would never see their money again, but I'm prepared to eat some humble pie if this actually happens. It would be nice to have some sort of favourable closure to the whole sordid mess. I guess we'll see what happens next.
https://www.newsbtc.com/2018/06/24/mt-gox-situation-develops-trustee-announces-bitcoin-repayment-process/
https://www.coindesk.com/mt-gox-crypto-bitcoin-exchange-creditors-win/
I'm sure I'm guilty of proclaiming that Gox users would never see their money again, but I'm prepared to eat some humble pie if this actually happens. It would be nice to have some sort of favourable closure to the whole sordid mess. I guess we'll see what happens next.
I am not sure that it will happen in coming days. I don't believe that Mt. Gox will do so taking that much loss in their business
it is mt gox dump that created the downtrend for bitcoin the movement market started falling till date the market is in a downtrend so now the mtgox statement is positive nt to sell bitcoins
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