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Topic: Mt.Gox account transferred 6000 bitcoins today - page 3. (Read 544 times)

member
Activity: 317
Merit: 11
i dont think they will sell bitcoin all they have together. they will watch and wait for the best time and moment to do that, if they want to do so.
hero member
Activity: 1305
Merit: 511
bitcoin prices are down 8.6% now . is this a response ? there are still 140000 bitcoin remaining in Mt.Gox wallet . if it will sell bitcoin next time . will the market fall ? is there a solution to this problem ?

Holding your bitcoin is the only solution for the future .If the whale sell their huge bitcoin,their may be some fluctuation in the market.But keep in mind,it is not permanent.This make some fluctuation in a market.Everything will be fine after a week.Don't do any panic selling.
member
Activity: 294
Merit: 17
Well it is not about blaming the whales but no matter how you look at it since bitcoin's price falls everytime large amount of bitcoins are being dump then the one who dumps becomes one of the reasons why. But ofcourse we cannot stop it since it is his rights to do anything on what he's holding.
jr. member
Activity: 210
Merit: 1
bitcoin prices are down 8.6% now . is this a response ? there are still 140000 bitcoin remaining in Mt.Gox wallet . if it will sell bitcoin next time . will the market fall ? is there a solution to this problem ?
I guess it is understandable if some party who own many bitcoin to sell right now if they think has obtained some profit margin, perhaps they bought big amount of bitcoin during bitcoin less than 7000. Hence by selling 9000 in less than a month, they can gain a profit more than 10%.....Good profit I think.
full member
Activity: 294
Merit: 107
I'm surprised that barely 6 thousand BTC can make the whole market panic. I don't understand investors who are selling their BTC right now, but there is nothing we can do about it, unfortunately. Mt.Gox will continue to sell their remaining bitcoins for a long time. I'm surprised that they decided to sell it right now. If I were them, I woud wait a little bit more. It seemed like Bitcoin was slowly recovering. Let's hope that this dip won't have any impact on Bitcoin in the future. There is one thing I know. They won't dump everything at once.
member
Activity: 238
Merit: 38
bitcoin prices are down 8.6% now . is this a response ? there are still 140000 bitcoin remaining in Mt.Gox wallet . if it will sell bitcoin next time . will the market fall ? is there a solution to this problem ?

In my opinion people are overthinking everything. Whenever there is some fall in prices many seem to go and blame the whales, blame the Gox etc. Even if they opt to dump huge batch of bitcoins now it is not the end of the world. Maybe we won't see 20k this year or whatever but over the time if bitcoin shows itself to be good alternative to some assets/fiat price should raise.
full member
Activity: 938
Merit: 137
bitcoin prices are down 8.6% now . is this a response ? there are still 140000 bitcoin remaining in Mt.Gox wallet . if it will sell bitcoin next time . will the market fall ? is there a solution to this problem ?
From the text of the message it is not seen whether Mt. Gox a new batch of its bitcoins in 6,000 pieces? If so, that's why the bitcoin rate has now dropped. Apparently, Mt. Gox will throw out periodically such batches of bitcoins and therefore bitcoin can not significantly increase in price. As soon as its price rises, Mt. Gox again will thus lower it. It's sad, but there's nothing we can do about it. It remains only to observe from the side behind the events. Each owner of bitcoins has the right to sell them. It's still good that he does not sell all his bitcoins at the same time. Although in this case, he would have lost a lot from this, because he would have significantly lowered the price of bitcoin and his bitcoins would have already been sold quite cheaply. Therefore, it is in his interest to throw out their bitcoins on the market in small batches and then expect its recovery in value.
hero member
Activity: 994
Merit: 544
bitcoin prices are down 8.6% now . is this a response ? there are still 140000 bitcoin remaining in Mt.Gox wallet . if it will sell bitcoin next time . will the market fall ? is there a solution to this problem ?

There is no solution to it but to just wait. Even if Mt. Gox is dumping their bitcoin but they are not foolish to sell it all at once. They will sell it slowly by waiting for the price to increase and they will sell their btc. They will not dump all of their bitcoins at once since when that happens the price of bitcoin will hover back to 100$ and if that happens Mt. Gox will be left behind again in the bitcoin world.
full member
Activity: 504
Merit: 100
With the amount of bitcoin that big it is for sale and I think it's very influential on the decline in bitcoin prices, and to cope with that it needs big investors to buy that much bitcoin.
newbie
Activity: 154
Merit: 0
bitcoin prices are down 8.6% now . is this a response ? there are still 140000 bitcoin remaining in Mt.Gox wallet . if it will sell bitcoin next time . will the market fall ? is there a solution to this problem ?
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