Topic: What if the Mt. Gox trustee didn't dumped bitcoin - page 2. (Read 317 times)
Supposedly he didn't dump the coins and the price crashed like it did. I buy in to this in a lot of ways, the price was inevitably going to fall when you look at the growth from December. It's easy to say that in hindsight at the time but because we are all so believing in bitcoin it's easy to be blinded by simple facts and one of those is that nothing can sustain such growth as bitcoin had in the end of 2017.
Its really hard to say what's going to happened. Maybe we hit new ATH or maybe we went south. One thing though is that is market is based on speculation and just one FUD, (usually coming from the media), so if a long the way their's bad news that will come then the market will make a correction even if there's no dumping from Mr. Kobayashi.
And sooner or later, after the December madness, I believed that market correction will eventually come as well, so as what @ pereira4 have said, it could be a mix of both and the best thing to do is take advantage of the current situation.
And sooner or later, after the December madness, I believed that market correction will eventually come as well, so as what @ pereira4 have said, it could be a mix of both and the best thing to do is take advantage of the current situation.
Well, it can not be discused much, but we all know that he really dumped all their coins a few days ago if i am not wrong.
And no, it is not going to change anything, there is a lot of FUD in bitcoin right now and to make it go up again would take more than months from now.
And no, it is not going to change anything, there is a lot of FUD in bitcoin right now and to make it go up again would take more than months from now.
It's difficult to estimate, because there are 2 contradicting stories.
Story 1 says that he did indeed dump the coins at these given dates:
https://www.zerohedge.com/news/2018-03-07/bitcoins-tokyo-whale-sells-400m-bitcoin-bitcoin-cash
Story 2 says that he did not sell on these days, only moved the coins:
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
At this point it's probably a mix of two. Something strange happened and we are not getting the full picture, and uncertainty = panic sellers are easily triggered and avalanche begins.
There are no strong fundamentals for this continued crash. Current prices will be seen as a bargain eventually.
Story 1 says that he did indeed dump the coins at these given dates:
https://www.zerohedge.com/news/2018-03-07/bitcoins-tokyo-whale-sells-400m-bitcoin-bitcoin-cash
Story 2 says that he did not sell on these days, only moved the coins:
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
At this point it's probably a mix of two. Something strange happened and we are not getting the full picture, and uncertainty = panic sellers are easily triggered and avalanche begins.
There are no strong fundamentals for this continued crash. Current prices will be seen as a bargain eventually.
Guys,
What do you think the price will be of today if he didn't dumped the Mt. Gox coins?
(1) - The price will rode new all-time-high and we maybe around the $20K-$30K by now?
(2) - The price will eventually plummet no matter what because of the sudden rise last December when there's a lot of investors (FOMO) suddenly pours cash on the market?
Please share your thoughts?
What do you think the price will be of today if he didn't dumped the Mt. Gox coins?
(1) - The price will rode new all-time-high and we maybe around the $20K-$30K by now?
(2) - The price will eventually plummet no matter what because of the sudden rise last December when there's a lot of investors (FOMO) suddenly pours cash on the market?
Please share your thoughts?
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