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.
Topic: Winter is coming? - page 3. (Read 526 times)
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.
I read somewhere they might rise up again in the middle of the year but not before
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.
And as has been said, the rest can't be dumped for a good few months yet pending the court decision.
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
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 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.
Now that these stolen BTCs are all sold out. The markets were very tempting.
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
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
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
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.
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
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.
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.
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
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
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
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
Jump to: