Why is no one worried about this - page 4.

tbct_mt2

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Quote from: GreatArkansas on August 20, 2022, 07:00:00 AM

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.

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.

lobo13hf

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We have experienced billions dumped by tesla and i think this is not something that we shall worry about. Remember that if those big bitcoins will be divided into so many creditors. That means if some of them may try to sell if their are disbelief with bitcoin. This time bitcoin is also facing another dump again after slowly and steadily reaching 25k. It seems like a correction or bitcoin will not able to break 26k to go to the another target which was above 26k

GreatArkansas

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Quote from: zonefloor on August 19, 2022, 04:54:33 PM

Will they hold them or not sell them at once? This is the important point. No problem if it doesn't sell.
(....)

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.

Jeger.Kiting

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With rumors like this, everyone who holds Bitcoin will certainly feel panicked, but I believe 2 billion BTC will not be possible for them to just sell, because he will think that holding BTC will be better than throwing it away. So for all those who hold BTC, don't worry too much about rumors like this, because from the past until now Bitcoin has always been a lot of FUD from various news circulating everywhere but all FUD is not a problem for Bitcoin to stay alive and develop in the future.

S A KHAIR

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Quote from: kurniawan05 on August 19, 2022, 06:57:18 PM

Selling at once BTC worth 2 Billion dollars will certainly cause a crash and panic, but I don't think it will take long for the market to recover, besides that this is also an opportunity to buy BTC when there is a DIP.

No need to think too much about exactly what is going to happen, if Bitcoin continues to plummet in price, then buy as much as you can. If the market goes up, we will take profits. Bitcoin has seen hundreds of crashes and then rebounds, so there's no need to worry too much about Mt.gox.
We just need to focus on buying how many bitcoins to accumulate for the future

TheUltraElite

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Quote from: Wincob on August 19, 2022, 04:04:22 PM

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?.

There can be a dump, going by obvious reasons, but if it happens will it matter to much to us holders? No. Because we will buy back at low prices and continue to hold. Most of the victims will sell because they have been waiting for a long time to get their hands on this.

But the process has not started yet and hence not a reason at all to panic. In fact we traders should never panic about any upcoming dumps, let them happen like any normal process.

As traders stop giving here to everyday news. You have to learn to be resistant to these and treat the numbers.

bounceback

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Quote from: Wincob on August 19, 2022, 04:04:22 PM

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 think the efforts made by Mt Gox will have a slight negative impact on market price stability, especially for bitcoin prices but we don't need to worry too much about that because I believe the decline will only be temporary, if we are used to being in the crypto market then we should know what to do in that situation later so as not to miss the momentum to buy at a lower price.

adzino

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Quote from: Wincob on August 19, 2022, 04:04:22 PM

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?.

Because it hasn't happened yet. Once they release the bitcoins to the public soon, FUDs will start spreading (and topics/thread like this). People will start panicking reading those news and articles, they will start selling their bitcoin because they are going to think that "BTC is going to crash heavily" (and will be more convinced when they see threads/posts like yours) and will end up crashing the market. In other words, bitcoin won't crash because of those 2 billion worth of BTC, bitcoin might crash because the FUDs that will be spread. The drop will be temporary and the market will recover rather soon like it has always been.

Yaunfitda

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Quote from: Wincob on August 19, 2022, 04:04:22 PM

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?.

No it's not a rumor, and could have been the news that affected the market recently as bitcoin is going down. However, part of the settlement is that they will be paid in cash, and then some in crypto like BTC and Bitcoin Cash.

Although I think that it will have a huge impact to the market, it might be short term though. Or at least investors are not worried about it because as I have said, part of it is in cash and maybe those who are going to received it will still hold the coins and wait for the next bull run because that is the right time if they ever want to sell it.

kurniawan05

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Selling at once BTC worth 2 Billion dollars will certainly cause a crash and panic, but I don't think it will take long for the market to recover, besides that this is also an opportunity to buy BTC when there is a DIP.

harizen

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Quote from: Wincob on August 19, 2022, 04:04:22 PM

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?.

Regardless if it's true or not, it's not that it will just create a sudden dump. If so, then "HUG THE DIP".

Selling those quantities at a one-time big-time might create a possible huge crash but for big investors, who else doesn't want to buy at an unexpected bottom price that we might not see again once the bull trend commences?

Those supposed dump bitcoins will surely be absorbed easily into the market by most traders and that will lead again to fuel the recovery period to where it all started at the price before that supposed speculative crash.

South Park

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Quote from: Wincob on August 19, 2022, 04:04:22 PM

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 do not see much of a reason to be worried, is it 2 billion a huge amount of money for people like us? Of course, but is it an impossible amount of money for the market to absorb even if we assume all the coins are sold at the same time? Of course not, the price will most likely go down as the demand is not really that high now but that is pretty much it, after a period of stabilization the price should return to the current levels without too much of a problem.

posi

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Quote from: zonefloor on August 19, 2022, 04:54:33 PM

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.

Mt.Gox's release of bitcoins to pay victims during that year will not increase the bitcoin supply, since there are still 21 million bitcoins in the world, so I don't think it's too serious here.

If people get their bitcoins back and they sell all of them on the market, this is seen as the next opportunity for those who don't trust enough to buy bitcoins when bitcoin was at $17k and they regretted it hitting $23k in recent days. It is better to see this as an opportunity rather than another cause for concern, a drop in bitcoin is good for us.

zonefloor

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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.

uneng

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Taking the currently daily volume as example (37,496,509,590$), the mentioned sum of money would represent 5,33%. That is a significant amount to be dropped on the market simultaneously, although we don't have sure if receivers are going to sell those coins or hold. Added to those 2$ billion dollars there is the judicial permission to Celsius crypto lending bankrupted company to sell their mined bitcoins. I just don't know how many btcs they are going to sell, but whales knowing about these news can find the perfect opportunity to manipulate the market, driving to a deeper crash.

JeromeTash

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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.

Wincob

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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?.

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