Topic: Why is no one worried about this - page 3. (Read 500 times)
We need to know that the crypto market is bigger than what we think so far. If a billion dollar worth of Bitcoin is going to be released to the market then I think it will only have little effect on the crypto market because it is not enough to cause a serious total bear market. The crypto market is growing everyday so let's prepare for the better.
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 should have linked to any article about your thread so people can get the fact of it here is a link to one article about Mt Gox plans to release very soon to the public
Will the release of $3B Bitcoin from Mt Gox cause market bottom in August?
the author has a question mark on the headline of his article and we are nearing the end of August so it could not be in August possibly in other months
Quote
The markets may well absorb any selling from Mt. Gox creditors, but the social sentiment of early Bitcoiners relinquishing their coins could create a bearish psychological sentiment.
If the majority of the community absorbs the huge sell-off it will not have an impact, there's a possibility of the price going down but we have to see that when it happens, for now, it's in the speculation stage.
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?.
Are they planning to take profit or cut their losses? Probably they are doing this with a plan and they know that there’s a significant effect for this so probably they will not sell it in just a short time. They are one of the top supporter of Bitcoin though we can’t really stop them from doing anything with their holdings so let’s just wait and see. Whales can really manipulate the market, this is the bad side of having more whales, though of course we can also take advantage of this let’s just know how to ride with the whales.
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 also heard this last month, they announced that they will release bitcoin later this month but no specific date, only 10 days to the end of August, I don't think they will release this month, maybe they will last until September.
The total bitcoin capitalization reached 400 billion and the number that Mt.Gox gave is about 2 billion, it can be seen that it is only a very small number compared to the total bitcoin capitalization today. Short-term price impact is inevitable, perhaps yesterday's correction could also be attributed to this news. After all, there is nothing to worry about, bitcoin price is down but bitcoin will recover soon as always.
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?.
Nothing, except to buy when Bitcoin price crash due to possible sudden pressure to demand that may pull the price of bitcoin. Aside from that, I wouldn't have a say if Mt; Gox started dispensing the 2B worth of BTC, I think it won't crash the price of Bitcoin, it will just affect the bitcoin market for just a short period of time.
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 guess we've seen the crash already and aside from this, there's an additional impact from what the SEC is about to do with Tether and Bitfinex. So, again, we're in a speculative mode as usual with such news that brings motion to the market. Well, you don't have to be worried on this one, just get some of those cheap bitcoins then when they dump. Because the usual is it will recover no matter what happens, the crash that will come to the market will recover gradually until we see some huge sudden movements again. 
Why would you worry over something you have no control of? What exactly is being worried can do to stop or prevent the recipients of these btc not to sell if they choose to? Nothing. So if this ever happens, the market may experience a dip and recover as always. Mt Gox or not, btc will always surpass previous ath at the right time.
This amount of BTC is not enough to affect BTC because there are billions of buying orders waiting to take it all, even if the whole BTC was dumped at once it won't have a bad impact, its all good 👍 .
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.
Any bad news circulating in the crypto world will affect Bitcoin price movements, that's why we're seeing Bitcoin down about 14% in a week
right now. Whereas previously Bitcoin had looked positive it would rise above the $25k price, but now the Bitcoin price has dropped to
the $21k price. The decline in the price of Bitcoin also greatly affected the price of altcoins, where now the majority of altcoins have decreased.
But since I've been in the crypto world for a long time, what's happening now is nothing new and doesn't worry me at all. Because I believe
Bitcoin will always recover no matter how deep its price goes down, that's why as you said we really shouldn't worry about the Bitcoin price
dropping, and should take the opportunity to buy Bitcoin in the current situation. I also believe that today's investors are getting smarter,
therefore the correction that occurs may not last long. Because I believe there will be many investors who buy Bitcoin when the price drops
like it is today.
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?.
We have to adopt any situation and it will not affect so much in the market. It is not for permanent and we are going to see a big pump in the early November. If we talk about the buying time, it is a golden opportunity for us to enter the market right now to buy more. 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 repayment by Mt Gox is not a fake news as they already announced about this earlier and the distribution will take place this month or next month. Not sure how many will be selling off their coins when the coins are distributed as the waiting period to get the coins took a long time and i wont be surprised if majority will keep on holding the coins until the next rally. But the speculation of the huge number of coins being released will be more than enough to have a correction in the market 
. 
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%. 
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.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
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. 
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 have not heard about this rumor before to be honest. Maybe this rumor was the reason for the pretty sharp price drop a day ago. I think that is definitely possible. I know that 2 Billion of BTC are not that much in terms of percentage of the total supply but the fact alone that 2 Billion $ worth of a single asset will be released (and maybe even sold) at the same time definitely has an impact on the price. I mean 2 Billion $ of selling pressure at once is a lot and probably magnitudes higher than the normal sell pressure of BTC. Of course it is only theoretically possible that those 2 B$ worth of BTC will be sold at the same time but still.
They have announced that they will release bitcoin in August but the exact date is yet to be revealed, if all are issued in bitcoin and released at the same time will cause the crash of bitcoin and the market.
There is currently no confirmation that all Mt.Gox users will receive all in bitcoin, maybe they will get it back in USD. We still have to wait for the official announcement from Mt.Gox.
https://u.today/mt-gox-provides-important-update-on-repayment-process-what-it-means-for-crypto-market
Even if people were to suddenly start mass selling because of it, it doesn't exactly mean that people wouldn't buy it anymore. Heck if the price drops, you can probably expect that more and more people would try to buy in. It might temporarily set back the price but it isn't exactly something that'd affect Bitcoin as a currency, it'd still remain as a currency and can still be used after all. If it happens and you're holding, then just keep on holding it. A minor setback shouldn't influence your decision and ruin your investment. Dumps like this have and will always be a part of the market anyway (at least until the entire supply hasn't been mined).
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 have not heard about this rumor before to be honest. Maybe this rumor was the reason for the pretty sharp price drop a day ago. I think that is definitely possible. I know that 2 Billion of BTC are not that much in terms of percentage of the total supply but the fact alone that 2 Billion $ worth of a single asset will be released (and maybe even sold) at the same time definitely has an impact on the price. I mean 2 Billion $ of selling pressure at once is a lot and probably magnitudes higher than the normal sell pressure of BTC. Of course it is only theoretically possible that those 2 B$ worth of BTC will be sold at the same time but still.
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?.
It would make bitcoin crash.
However, why would anyone worry about it unless he'll need cash soon? If somebody is going to worry about this then it means he invested more than he could afford to lose.
Bitcoin's price has nothing to do with its functioning too. Bitcoin would function just fine even if the price was $1. Fundamentally, nothing would change if the price drops.
It is fine, really.
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?.
we don't know if it's real or fake, but the most important thing is that we have to be prepared,if there really is a bitcoin transfer from the whales wallet to an exchange with a very large amount,
yes we must also prepare a strategy if a dump does come, and don't forget to set stop loss in your trade.
For sure those Bitcoin are not forced to sell immediately with the market price once become available.
Even those Bitcoin will be sold to the market, who cares? There are still a lot of people buying Bitcoins these days. There are still buyers.
This could be a FUD also that they are spreading.
Again Mt.Gox is used to fud and causes panic sell on the market.Even those Bitcoin will be sold to the market, who cares? There are still a lot of people buying Bitcoins these days. There are still buyers.
This could be a FUD also that they are spreading.
It is not real reason of this fall because Bitcoin has rallied from $17k to $25k and it must be pulled back. I believe that Bitcoin after this pull back will climb gradually to $27k or $28k and we will get another fall that can be bigger than this one.
Mt.Gox is a very old story and with high trading volume of Bitcoin market nowadays, it does not cause big effect than in the past. Don't panic but I know people will still be panic.
Jump to: