Winter is coming? - page 3. | Bitcointalksearch.org

malikusama

copper member

Activity: 1050

Merit: 294

According to the article Kobayashi is planning to sale 166,344 BTC which is only 0.9% of the total bitcoins in the market.
That doesn't make sense that 0.9% will effect the price, however if other whales join the same ship then may be there are chances for a slight downfall but the probability is till too low.

7Pro

member

Activity: 179

Merit: 10

Quote from: aceptamosbitcoin on March 16, 2018, 05:29:41 AM

I read another article about Kobayashi, saying that he can't dump the rest before the next court case, appointed for sometime during Q4 2018. But I don't think his BTC was the reason for the price dip. Every month are mined more than 10K BTC and in a single day the volume is much higher.

If the buyers is not strong i think the price will be going down every month after its mined 10k bitcoin in a month.
10k bitcoin is not small amount and i am surprise that the price not going so deep.

EvaGC

member

Activity: 476

Merit: 11

I read somewhere they might rise up again in the middle of the year but not before

Cnut237

legendary

Activity: 1904

Merit: 1277

I think it contributed to the drop but it wasn't the driving reason - the market was already in freefall before then.
And as has been said, the rest can't be dumped for a good few months yet pending the court decision.

Teraboy

hero member

Activity: 2282

Merit: 505

Quote from: aceptamosbitcoin on March 16, 2018, 05:29:41 AM

Quote from: stiucsib86 on March 16, 2018, 04:18:59 AM

Saw this article that show how Mt Gox's trustee trades had an impact that moved the market from Dec 2017 till Feb 2018.

Transactions on exchanges:
Sales #1 (2017-12-22) - 6000 BTC
Sales #2 (2018-01-17) - 8000 BTC
Sales #3 (2018-02-07) - 4000 BTC
Sales #4 (2018-02-08) - 4000 BTC
Sales #5 (2018-02-09) - 10000 BTC

66,344 BTC remaining for Kobayashi to liquidate.

Does this mean BTC (and all other crypto) going to drop further?

Source: https://cointelegraph.com/news/effects-of-mt-gox-trustees-400-mln-sale-on-bitcoin-market

I read another article about Kobayashi, saying that he can't dump the rest before the next court case, appointed for sometime during Q4 2018. But I don't think his BTC was the reason for the price dip. Every month are mined more than 10K BTC and in a single day the volume is much higher.

It was the reason. Can you imagine how 35k worth of bitcoin and 35k bitcoin cash got dumped into the exchange instantly? We saw he that, Kobayashi was not interested in use auction service to sell his bitcoin.
It looks like Kobayashi tries to take advantage of the market. Majority of countries are auctioning their bitcoin that being seized by the miners or the thief.

kim-yon

sr. member

Activity: 546

Merit: 251

Now that these stolen BTCs are all sold out. The markets were very tempting.

Hashllenge

newbie

Activity: 19

Merit: 1

Quote from: slaman29 on March 16, 2018, 05:36:00 AM

Quote from: qwizzie on March 16, 2018, 04:47:21 AM

I think the anaysis and conclusion in the article of Cointelegraph are rather interesting, as it shows less of an impact of the Mt Gox selling
on the Bitcoin price then was first assumed by many. Basicly it turns out to form a lessor factor in the current longterm downtrend.

This longterm downtrend was anticipathed by many traders ahead of the actual start of the downtrend, only to those new
to the market it all came as a large shock, somehow they got the impression that Bitcoin price would not suffer any longterm
price corrections and would just go straight to the $50.000

With regards to the title of this thread, i think i would have named it : Winter has arrived

Interesting read indeed, and not a bad analysis of the analysis. Like you said, a lot of decently relevant people did say we should prepare for the winter. I recall very well that Charlie Lee in the same week that Litecoin hit its all time high, Tweeted that people should not have short memories. He warned that anyone who had enough years should be happy that crypto was up, but should also be prepared for LTC to dash down to $20 again. Everything happens in cycles. And we should be well prepared for a long winter.

Yet many people criticised Charles Lee and hated him for that, time is proving him right once again.

I don't know how long this bear market will last but it could be well years. 2013 growth was followed by years of sideways, declines and pain

slaman29

legendary

Activity: 2674

Merit: 1226

Livecasino, 20% cashback, no fuss payouts.

Quote from: qwizzie on March 16, 2018, 04:47:21 AM

I think the anaysis and conclusion in the article of Cointelegraph are rather interesting, as it shows less of an impact of the Mt Gox selling
on the Bitcoin price then was first assumed by many. Basicly it turns out to form a lessor factor in the current longterm downtrend.

This longterm downtrend was anticipathed by many traders ahead of the actual start of the downtrend, only to those new
to the market it all came as a large shock, somehow they got the impression that Bitcoin price would not suffer any longterm
price corrections and would just go straight to the $50.000

With regards to the title of this thread, i think i would have named it : Winter has arrived

Interesting read indeed, and not a bad analysis of the analysis. Like you said, a lot of decently relevant people did say we should prepare for the winter. I recall very well that Charlie Lee in the same week that Litecoin hit its all time high, Tweeted that people should not have short memories. He warned that anyone who had enough years should be happy that crypto was up, but should also be prepared for LTC to dash down to $20 again. Everything happens in cycles. And we should be well prepared for a long winter.

aceptamosbitcoin

hero member

Activity: 981

Merit: 503

Quote from: stiucsib86 on March 16, 2018, 04:18:59 AM

Saw this article that show how Mt Gox's trustee trades had an impact that moved the market from Dec 2017 till Feb 2018.

Transactions on exchanges:
Sales #1 (2017-12-22) - 6000 BTC
Sales #2 (2018-01-17) - 8000 BTC
Sales #3 (2018-02-07) - 4000 BTC
Sales #4 (2018-02-08) - 4000 BTC
Sales #5 (2018-02-09) - 10000 BTC

66,344 BTC remaining for Kobayashi to liquidate.

Does this mean BTC (and all other crypto) going to drop further?

Source: https://cointelegraph.com/news/effects-of-mt-gox-trustees-400-mln-sale-on-bitcoin-market

I read another article about Kobayashi, saying that he can't dump the rest before the next court case, appointed for sometime during Q4 2018. But I don't think his BTC was the reason for the price dip. Every month are mined more than 10K BTC and in a single day the volume is much higher.

Rggadi

member

Activity: 238

Merit: 11

Well it be in his best interest to not crash the market, rather or he could do so and buy it back up. Probaly just more market manipulation. It feels like many forces restraining bitcoin prices, if they left it alone it be at 25k already.

qwizzie

legendary

Activity: 2548

Merit: 1245

I think the anaysis and conclusion in the article of Cointelegraph are rather interesting, as it shows less of an impact of the Mt Gox selling
on the Bitcoin price then was first assumed by many. Basicly it turns out to form a lessor factor in the current longterm downtrend.

This longterm downtrend was anticipathed by many traders ahead of the actual start of the downtrend, only to those new
to the market it all came as a large shock, somehow they got the impression that Bitcoin price would not suffer any longterm
price corrections and would just go straight to the $50.000

With regards to the title of this thread, i think i would have named it : Winter has arrived

stiucsib86

newbie

Activity: 91

Merit: 0

Saw this article that show how Mt Gox's trustee trades had an impact that moved the market from Dec 2017 till Feb 2018.

Transactions on exchanges:
Sales #1 (2017-12-22) - 6000 BTC
Sales #2 (2018-01-17) - 8000 BTC
Sales #3 (2018-02-07) - 4000 BTC
Sales #4 (2018-02-08) - 4000 BTC
Sales #5 (2018-02-09) - 10000 BTC

66,344 BTC remaining for Kobayashi to liquidate.

Does this mean BTC (and all other crypto) going to drop further?

Source: https://cointelegraph.com/news/effects-of-mt-gox-trustees-400-mln-sale-on-bitcoin-market

Topic: Winter is coming? - page 3. (Read 554 times)