Topic: Poll: Do you believe the MtGox trustee is saying the truth? - page 2. (Read 305 times)
Do you think he will tell the truth about dumping so much bitcoin that may cause a total crash? I really think even if there are evidence that he is the one don't it we can not guarantee that he is telling the truth, But a lot of reasons can be covered up for him on how bitcoin dive in a crazy low value, Well there are a lot of whales that surely keeping their bitcoin that waiting for the perfect time to dump and bought in a cheaper price and there are negative news about that can cover up the situation.
since the news about him selling only came out recently and filled the internet (note that the dump was already near the end by that time), i am going to say there is no reason for him to lie about it. it is the truth. if the news came out in the beginning of the dump months ago then you could have doubt the legitimacy of it and could assume he is just moving coins around to scare the market for some reason because i can't see any gains for him to do so.
He's telling the truth. a) He has no reason to lie and b) the amounts he sold are less than the amounts being mined in a month.
The crash was down to loads of hodlers thinking, "the price is going up too fast, it's not sustainable, I'd better sell before it crshes". That's why the mempool was suddenly so full - loads of people decided to send coins to the exchanges at the same time.
The crash was down to loads of hodlers thinking, "the price is going up too fast, it's not sustainable, I'd better sell before it crshes". That's why the mempool was suddenly so full - loads of people decided to send coins to the exchanges at the same time.
Hasn't it already been determined that he sold in such a way that wouldn't affect the market price? He's said just that in his statement. It's implied that they sold OTC as there was a mention of ensuring the security of the transactions. If that were true, then it doesn't really matter when they were sold.
Heck, even if he did sell at those dates through a regular exchange, what of it? We always say that Bitcoin is for controlling your own money, having uncensorable transactions with no intervention, etc. so shouldn't he be free to do whatever he pleases? The entire issue is way overblown in my opinion.
He can do that. Even if we assume that such actions may have an impact on the price of bitcoin is his right. I am sure that the market will recover even after more coins have been sold. I'm sure the whales took advantage of the situation and sold a lot of their coins to lower the price. Then they buy cheap coins and the market began to recover. In this situation, the lost money is only the alarmists and the lenders of the exchange. I can only accuse this Manager of unprofessionalism. Heck, even if he did sell at those dates through a regular exchange, what of it? We always say that Bitcoin is for controlling your own money, having uncensorable transactions with no intervention, etc. so shouldn't he be free to do whatever he pleases? The entire issue is way overblown in my opinion.
the real question that should be asked here is not about whether Mt Gox Trustee is lying or not. it should not even be about whether he actually sold his coins or not. because none of these questions matter an they don't change anything.
the real question is whether the news about him selling caused the drop and by how much?
we all know a drop would have happened anyways from $20k. that much was inevitable and we all know that whenever bitcoin has a drop it usually becomes bigger and sometimes gets out of hand with all the FUDs that would be flying around at the same time with that drop. this has already happened multiple times, enough to form a pattern actually!
and the funny part still is the fact that they say he started selling his coins months ago! and months ago price was still rising big time, in fact it went up more than 3x after the first alleged selling...
the real question is whether the news about him selling caused the drop and by how much?
we all know a drop would have happened anyways from $20k. that much was inevitable and we all know that whenever bitcoin has a drop it usually becomes bigger and sometimes gets out of hand with all the FUDs that would be flying around at the same time with that drop. this has already happened multiple times, enough to form a pattern actually!
and the funny part still is the fact that they say he started selling his coins months ago! and months ago price was still rising big time, in fact it went up more than 3x after the first alleged selling...
Hasn't it already been determined that he sold in such a way that wouldn't affect the market price? He's said just that in his statement. It's implied that they sold OTC as there was a mention of ensuring the security of the transactions. If that were true, then it doesn't really matter when they were sold.
Heck, even if he did sell at those dates through a regular exchange, what of it? We always say that Bitcoin is for controlling your own money, having uncensorable transactions with no intervention, etc. so shouldn't he be free to do whatever he pleases? The entire issue is way overblown in my opinion.
Heck, even if he did sell at those dates through a regular exchange, what of it? We always say that Bitcoin is for controlling your own money, having uncensorable transactions with no intervention, etc. so shouldn't he be free to do whatever he pleases? The entire issue is way overblown in my opinion.
He never said he didn't sell. It's pretty obvious that he did sell around the given dates. The average price he netted reflects that. He is explicitly saying he didn't dump on the exchange books (suggesting OTC sales).
What motive does he have to lie? I'm curious to hear opinions on that. Based on motives alone, I assume he isn't. A bankruptcy trustee isn't going to blatantly lie to creditors, the public and the courts.
Yeah, I don't think he gives a shit. People are reading way too much into this.
What motive does he have to lie? I'm curious to hear opinions on that. Based on motives alone, I assume he isn't. A bankruptcy trustee isn't going to blatantly lie to creditors, the public and the courts.
This geezer probably doesn't give flying fuck about the Bitcoin market. He wants to get the job done and move on to something else that attracts less whining.
Yeah, I don't think he gives a shit. People are reading way too much into this.
(im a newbie ) how people know that he only moved the coins ?
its like they have his adress and they keep consulting it to see if theres a movement ?
its like they have his adress and they keep consulting it to see if theres a movement ?
Crypto fans often forget that beyond crypto people have actual regulations and laws that they need to obey, especially if they're employed in the legal business themselves. I don't know how Japanese law works, but elsewhere if you lie and display demonstrable dishonesty you're out of the legal profession for good.
This geezer probably doesn't give flying fuck about the Bitcoin market. He wants to get the job done and move on to something else that attracts less whining.
This geezer probably doesn't give flying fuck about the Bitcoin market. He wants to get the job done and move on to something else that attracts less whining.
Interesting post which I believe. Mt Gox need to refund the money as result of the consultation with the court, which was necessary. But, this is not the only factor of the drop down of bitcoin
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Truth because why would he lie in this scenario? Sure he could protect himself but it is not like people know where he lives, he is already protected. I believe the realization he moved the coins, put people in a panic and they wanted to get out before he did. Could be wrong, and am curious to find out what actually happened myself.
Option 1: Yes, he did sell the coins at these givens dates, which means, he is lying, and he did indeed sell:
https://www.zerohedge.com/news/2018-03-07/bitcoins-tokyo-whale-sells-400m-bitcoin-bitcoin-cash
Optcion 2: No, he did not sell on these days, only moved the coins, which triggered panic sellers into believing these coins were getting dumped:
https://cointelegraph.com/news/breaking-trustee-of-infamous-mt-gox-denies-btc-bch-sales-affected-crypto-markets
The official statement in MtGox website:
https://www.mtgox.com/img/pdf/20180317_qa.pdf
Due the polarizing opinions on this subject, I would a poll on it. In September we should have some clarifying news so the poll will remain open until around next December.
https://www.zerohedge.com/news/2018-03-07/bitcoins-tokyo-whale-sells-400m-bitcoin-bitcoin-cash
Optcion 2: No, he did not sell on these days, only moved the coins, which triggered panic sellers into believing these coins were getting dumped:
https://cointelegraph.com/news/breaking-trustee-of-infamous-mt-gox-denies-btc-bch-sales-affected-crypto-markets
The official statement in MtGox website:
https://www.mtgox.com/img/pdf/20180317_qa.pdf
Due the polarizing opinions on this subject, I would a poll on it. In September we should have some clarifying news so the poll will remain open until around next December.
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