Topic: Why is no one worried about this - page 2. (Read 455 times)
There are many waiting for buying opportunities and many will end up losing the chance they seek because its never coming, I am waiting for 10k per BTC so if those BTC got sold into the market I am 100% sure that it will be sucked up in just hours, it won't be noticeable.
What are we going to do about the 2 billion worth of BTC that Mt Gox plans to release very soon to the public, won't this make BTC crash heavily or the rumour is fake?.
despite of the situation? I think that's impossible to happen because its a big lose from those who already bought and waiting for the market to become fine.. Imagine how the situation will gonna looks like and the reaction of some big investors if that rumours happen without knowing?.. That's scary and a crazy idea. And tbh ever since before i never seen someone dumped a huge amount of bitcoin despite of the current situation because such situation is the right time ti accumulate not to sell. crypto is full of surprises, no one knows which direction he is going, panic after panic has often happened,
if 2M worth of btc is sold at once, I think the price of btc will return to its original state, although in a long time but it will definitely return to 64K$, all will not worry and will continue to hold btc up to a certain target in my opinion
It will surely have a huge impact on the price of Bitcoin. A dump is possible but I don't think it's a reason enough for us to feel worried. We all know the capability of Bitcoin to resist events and occurrence like this. Bitcoin is strong enough to resist the possible dump and would definitely recover and rise up again. if 2M worth of btc is sold at once, I think the price of btc will return to its original state, although in a long time but it will definitely return to 64K$, all will not worry and will continue to hold btc up to a certain target in my opinion
Even if it was not a fake rumour, is the 2 billion worth of Bitcoins (approximately, 93,652 BTC at the moment which is 0.49% of the total circulating supply) going to be sold off at once?
If no, then why should we have to worry?
The market will absorb the shock.
If no, then why should we have to worry?
The market will absorb the shock.
Opens all the senses really after looking at the circulation of bitcoin and its fiat value that’s traded every single day! Definitely this won’t have any effect on the bitcoin however there will be effect of “FUD”, “FOMO” kinda things and nothing else.
However, there is another theory by various sources and some are saying it was planned dumping to cause the flipping of bitcoin and ethereum. In this case ETH would go up by 30% etc. This event is to overcome BTC by ETH.
Quote
Some have even theorized that a drawdown in Bitcoin’s price could align with the Ethereum merge, leading to “The Flippening” being realized. The Flippening is a hypothetical event where Ethereum overtakes Bitcoin in market cap, and it could happen if Bitcoin dropped to $10,000, with Ethereum rising by 30% from its current price.
Definitely it’s something on top of just selling mt Gox funds and liquidation of over 2.8 billion plus in dollars.
Reference: Will release of $3B Bitcoin from Mt Gox cause market bottom in August?
What are we going to do about the 2 billion worth of BTC that Mt Gox plans to release very soon to the public, won't this make BTC crash heavily or the rumour is fake?.
The news of Mt Gox may have some effect on the current market but it is temporary. I personally not worried about it. Suppose the matter is true, but what is the problem? We all know the current circulating supply of BTC is 19,127,550, nothing new is being added here. So there is nothing to worry. Most crypto investors expect the market will recover shortly.Investors have seen the potential of Bitcoin many new investors have hoped that they can buy Bitcoin at a cheaper price than when they first bought it, if ever they will release it and the holders of those Bitcoin sell it, there's buying pressure from old and new investors the market can absorb it because there's demand and there will be more demand in the future, I don't see Bitcoin going down to $5000 buyers will be lucky to have it at $10k.
Well, I think I need to prepare some backup reserved if this will happen.
I think OP you have to control your emotions and stop worrying about the market instead, you are going to be happy for that.
What are we going to do about the 2 billion worth of BTC that Mt Gox plans to release very soon to the public, won't this make BTC crash heavily or the rumour is fake?.
I still believe it will happen, but the big whale is waiting for the moment where it is ready to increase, actually from last year it will have touched the price of 1 billion, but it looks like something is holding it back, and it is very visible, that the news can also considered the truth..
It is anyway grad difficult times... what surprises me is that Bitcoin has lost sooo much value and inflation has also worked rather badly - although it was said that crypto would be good with inflation... or what do you think?
What are we going to do about the 2 billion worth of BTC that Mt Gox plans to release very soon to the public, won't this make BTC crash heavily or the rumour is fake?.
The news of Mt Gox may have some effect on the current market but it is temporary. I personally not worried about it. Suppose the matter is true, but what is the problem? We all know the current circulating supply of BTC is 19,127,550, nothing new is being added here. So there is nothing to worry. Most crypto investors expect the market will recover shortly.Investors have seen the potential of Bitcoin many new investors have hoped that they can buy Bitcoin at a cheaper price than when they first bought it, if ever they will release it and the holders of those Bitcoin sell it, there's buying pressure from old and new investors the market can absorb it because there's demand and there will be more demand in the future, I don't see Bitcoin going down to $5000 buyers will be lucky to have it at $10k.
What are we going to do about the 2 billion worth of BTC that Mt Gox plans to release very soon to the public, won't this make BTC crash heavily or the rumour is fake?.
You are late with this already. We have a couple of threads like this last time and the op of those threads and the people that reply on it are all worried because they think it will make the price dumped harder. It wasn't just a rumor or a type of FUD because I can see that they have sources about the news. You are asking if what we are going to do about it?Well, if you are one of those who will get a btc, then you better hodl it and don't sell if you don't want to add up to the potential seller. If not then all you can do is to calm down as panicking will only make you do unwanted things such as panic selling. This soon shall pass don't worry.
I don't know if it's related, but maybe there is another reason that caused the bitcoin price to undergo a massive correction. If bitcoin giving is true, people shouldn't be in a rush to sell their bitcoins and just wait for the price to rise again before they sell it. That way, they will get a big profit because they get bitcoin and can sell it at the highest price.
If people want to buy bitcoin, they can now do so because the price of bitcoin is still holding it's low and while there is still a chance the price will drop lower, that is another opportunity to buy bitcoin.
It is true that no matter how bad the news is it will not be able to cause bitcoin to drop forever, bitcoin will fall, and it will rise again. There is nothing to panic about with this situation.
The price of bitcoin dropped from $69k to $17k and we have nothing to fear, so there's no reason why we should panic when bitcoin dropped from $25k to $21k. The lower the price, the more opportunities to accumulate, if you want to make a profit, you should buy it now.
What are we going to do about the 2 billion worth of BTC that Mt Gox plans to release very soon to the public, won't this make BTC crash heavily or the rumour is fake?.
The news of Mt Gox may have some effect on the current market but it is temporary. I personally not worried about it. Suppose the matter is true, but what is the problem? We all know the current circulating supply of BTC is 19,127,550, nothing new is being added here. So there is nothing to worry. Most crypto investors expect the market will recover shortly. 
If this really happens, then I feel there will be 3 possibilities
1. the possibility of bitcoin price will be fine, because it will only be distributed, not sold en masse. however, this may have a low probability of happening.
2. Next is, the price of bitcoin will dump, but not too far away. consider that some of them hold their assets, and some of them sell.
3. the dump price is very severe. this happens because these people have benefited a lot. considering that this is tantamount to them holding bitcoins from the moment they entered Mt Gox, and this is the greatest possibility.
We have to be prepared for what happens. however, I just hope, if this is true, they will still keep the assets they own. However, this led to the FUD being quite popular and causing some people to rush into selling their assets.
1. the possibility of bitcoin price will be fine, because it will only be distributed, not sold en masse. however, this may have a low probability of happening.
2. Next is, the price of bitcoin will dump, but not too far away. consider that some of them hold their assets, and some of them sell.
3. the dump price is very severe. this happens because these people have benefited a lot. considering that this is tantamount to them holding bitcoins from the moment they entered Mt Gox, and this is the greatest possibility.
We have to be prepared for what happens. however, I just hope, if this is true, they will still keep the assets they own. However, this led to the FUD being quite popular and causing some people to rush into selling their assets.
Have been long time discussing about Mt Gox exchange market refund Bitcoin assets to their all member, but still not have exact date when refund distribution for their member. Have any issues about refund use Bitcoin and have drastically increase values with first cases happened, all member will sell their bitcoin assets if refund but I just asking when refund will sent to member of Mt Gox exchange. Long time issues on this month will sending but almost third of August weeks still not any confirmed for sending. I think not have to worry about Mt Gox refund bitcoin assets and they looks still make new drama for all their member with keep hidden when refund Bitcoin sending.
Will they hold them or not sell them at once? This is the important point. No problem if it doesn't sell. But if they are all sold at once, then it can create an atmosphere of panic. But this panic does not last long. They will recover in a short time. So there is nothing to worry about in my opinion.
The question is will everything be sold? most people know that it won't sell out at all. Then most people also know that only speculation and opinion can be discussed here in the forum. Because every opinion we say here is purely subjective not objective. That's the real fact here, yes someone will sell but I doubt that all of them will be sold. Apart from that, I'm not worried or panicking because for me the market price crash is normal in the crypto industry that we belong to.
What are we going to do about the 2 billion worth of BTC that Mt Gox plans to release very soon to the public, won't this make BTC crash heavily or the rumour is fake?.
2 billion is not really going to affect the 500 billion worth market so it will create a small movement in the market and later everything will be back to normal so why we need to worry about 1% when the average volatility range of the market can be 10%.It was said that they are going to give options to users who would claim thier BTC to withdraw stablecoin or BTC. If they anticipate BTC to take a dive, they may try to withdraw stablecoins instead.
But I'm only seeing this distribution to be a rumor. What could be the reason for them to distribute the coins NOW? They could just keep it forever actually.
What are we going to do about the 2 billion worth of BTC that Mt Gox plans to release very soon to the public, won't this make BTC crash heavily or the rumour is fake?.
2 billion is not really going to affect the 500 billion worth market so it will create a small movement in the market and later everything will be back to normal so why we need to worry about 1% when the average volatility range of the market can be 10%.hero member
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What are we going to do about the 2 billion worth of BTC that Mt Gox plans to release very soon to the public, won't this make BTC crash heavily or the rumour is fake?.
If those who received the BTC wanted to cash it in by selling it immediately, it could crash BTC and plummet to the lowest price we could ever imagine. But if they keep their BTC on hold and sell it when the price increases again, it won't crash BTC. But even though the price of BTC crashes, it is an advantage for those of us who have fiat because we can buy BTC at the lowest price, which is the best moment to buy BTC. Now it's your decision if you are one of those who will accept the BTC but if you don't accept it, then just prepare your money to buy BTC.Perhaps because of this news, the market corrected after rallying to almost $25k.
In the event that this is indeed official news, I see Mt.gox's bitcoin release as an opportunity instead of yet another fear that will be felt as people continue to fear it. We don't have much chance of being able to buy bitcoin cheaply, so instead of being afraid when they come, we should take advantage of the opportunity to buy bitcoins at a cheap price.
If people want to buy bitcoin, they can now do so because the price of bitcoin is still holding it's low and while there is still a chance the price will drop lower, that is another opportunity to buy bitcoin.
Will they hold them or not sell them at once? This is the important point. No problem if it doesn't sell. But if they are all sold at once, then it can create an atmosphere of panic. But this panic does not last long. They will recover in a short time. So there is nothing to worry about in my opinion.
Everything in crypto is possible. Either they will sell them all at once or they will prefer hodling, there are always inevitable events in the market that create a huge negative impact and leave the market dumping. However, we should not panic in all these events as these things are not new here. Bitcoin has always a strong foundation, so whatever attacks that it may encounter, it will surely find its own way to survive and continue to stand firm. That is why there is no room for worrying, as it may lead to depression when things seem to be uncontrolled anymore.
What are we going to do about the 2 billion worth of BTC that Mt Gox plans to release very soon to the public, won't this make BTC crash heavily or the rumour is fake?.
Mt Gox, FUds, etc... People are still sure that whatever it happens Bitcoin remains valuable. If there is a crash, people are happy to accumulate more Bitcoin. That is not worth worrying OP, In fact, we are still aware of the up and down situation and making these FUDs a contributing factor affecting the market trend. Well, If that is true then let it be, we actually wanted to see what really happens during that time. I was excited about it, though. And so this Mt GOx issue will finally be forgotten.
Everything in crypto is possible. Either they will sell them all at once or they will prefer hodling, there are always inevitable events in the market that create a huge negative impact and leave the market dumping. However, we should not panic in all these events as these things are not new here. Bitcoin has always a strong foundation, so whatever attacks that it may encounter, it will surely find its own way to survive and continue to stand firm. That is why there is no room for worrying, as it may lead to depression when things seem to be uncontrolled anymore.
We don't have to worry about bear market events because any upside impact will decrease eventually because the market is forming a defensive position for a certain price before the recovery process higher and of course the next bull market, so no need to worry if you hold bitcoin or top altcoins in your portfolio. Jump to: