Topic: Now We Know Who Sold The Bottom At $6k And Tried To Crash Bitcoin - page 3. (Read 482 times)

Correct.  And ALL of those could have been sold in November.  Or in March. Or spread evenly every day between November and March. Or any other possible arrangement of sell orders and any number of exchanges.

The OP is making sensationalist claims that these bitcoins were specifically sold in specific amounts on dates when the market took a significant dip.  He is claiming that the dip is directly because of the selling of those bitcoins.

I've seen no believable evidence that the OP's claims are anything more than his own wild imagination.

So there's absolutely no evidence of exactly who the guy is, how much he cashed out, or at what rate he sold them out.

I really don't think one person cashing out $400 million in bitcoin would even crash the market considering that the daily volume is in the tens of billions.

There's nothing about dates just the quantities.

35,841.00701 BTC
34,008.00701 BCC

https://i.snag.gy/EMpLmk.jpg

I see nothing in that report about specific dates when bitcoins were sold, nor anything about the quantites of bitcoins that were sold on those dates.

Perhaps I overlooked it?  If so, please let me know on which page to find those dates and amounts.

Yes I read about this a few days ago.
This guy is a Market Crasher lol.

so he has about 180 000  out of 21 000 000 ?

180 k out of 21 million.

wow he still has 8% of All Bitcoins !

So this is the reason why bitcoin price is now going down.  Well if this is true then I am just hoping for the best.  I am hoping that bitcoin will again stood up and establish itself.  I am hoping that I will still be able to earn more income as I am earning right now.  Do not care who he is but considering that bitcoin is bitcoin then there is a big chance that it will goes up again.

We can not order anyone to keep or sell bitcoin. The billionaire always has the right to decide everything, this is the disadvantage of those who do not have as much money as us. We must accept the truth and do not let the whales fool our psyche. Be patient and believe in your own investment experience. You will get a profit, otherwise you will lose all your assets.

https://www.mtgox.com/img/pdf/20180307_report.pdf

Scroll down to page 10 for the English translation.

Yes, today I read that Article. But I am confused, why he did that? When Bitcoin price was growing like steady. But This market down is not permanent, In June or July Bitcoin price will increase again and I hope The Crypto market will stable at that time. We can't stop someone to sell their bitcoin, But we can suggest everyone hold bitcoin.

This is the first time I'm seeing this.
source please.

Link to reliable reports of the dates and quantities of bitcoins which were sold by the Mt.Gox bankrutpcy trustee?

And it was this guy – Tokyo whale and Mt.Gox bankrutpcy trustee who sold almost $400 million worth of BTC, some of it at the very bottom on Feb 6th. He crashed the market by 75% by selling the bitcoins in couple of rounds.

3.



The MT Gox trustee has sold half a billion worth of bitcoin and bitcoin cash between December 2017 and February 2018 it was revealed today.

He sold the first batch of 6k bitcoin on December 22nd, sending price from nearly $16,000 to a brief low of $10,800. Then he waited for market to recover and sold another batch of 8k bitcoins on January 17th. Which again produced the same effect – crashed the bitcoin price.

But he is not done yet – he does another sell on January 31st, this time it was around 6k bitcoins. But vast majority of bitcoins was sold on February 6th which implies that he actually tried to crash the market by selling at the bottom.

And guess what – the market absorbed it and jumped back up to $10k.

But what is worrisome is that this same guy has another 180k BTC up his sleeves, that he is looking to sell in the upcoming period and repay the creditors and users who lost their bitcoin in Mt.Gox hack.

This case makes it the fourth time for Mt.Gox to directly or indirectly crash the bitcoin price. First time was hack in 2011, then a DDos in 2013, 2014 is when they went bankrupt and now this sell off.

And as we have said, this trustee has another 180k bitcoins that will probably cause similar crash – that would be 5th or even 6th if he does it in separate batches.

Nevertheless, bitcoin has showed admirable resilience in spite of all the sell offs and this actually indicates that once Mt.Gox saga is over, bitcoin price should skyrocket and reach new highs as many have predicted.


Opinions?