Bitcoin Forum

As you know MtGox got hacked and many people lose their btc  ( total around 744k btc). some people like Dr.Chris and his father lose 9500 btc.. Than investor blame Mtgox for this hack and wanted back their money. in the end Japan court says Mt.Gox will pay those ''money'' back and as investors want their money back not btc so the court has said 1 btc = $400. before Mt.Gox shut down website they moved btc to cold wallets and its around 200k btc. check here cold wallets ;
http://gaelb.alwaysdata.net/MTgox_watch_CW/index.html

Since trustee sold 35k btc and 35k bch ( in some news says around $400million worth btc and bch) btc dumped..  
https://www.coindesk.com/mt-gox-trustee-sells-400-million-bitcoin-bitcoin-cash/

you can check report from Mt.Gox Trustee ; https://www.mtgox.com/img/pdf/20180307_report.pdf ( roll down a bit for english version)

The Trustee (https://www.zerohedge.com/news/2018-03-07/bitcoins-tokyo-whale-sells-400m-bitcoin-bitcoin-cash ) has enough sold btc&bch to cover creditors. After now there will be another court or meeting and final result will be publish for what do to other 166k btc&bch .

So guys be ready to big pump ? is dump over ?

what do you think ?

Remember the dumpers are saying about he was aiming to get a high price to sell them all as soon as possible. That means he will be trying to make a regular dump to the market. I think that he sold a lot of amount of bitcoin when bitcoin reaches its peak around 20k. But i gonna thinking if he will be waiting for another recover again. 166k bitcoin and that a really huge amount. I'm not sure about the dump is over. But just waiting for the final result what will be happening with the rest.

It is interesting that he chose to market sell them, which would indicate that the end result was that he sold the bitcoins into many hands. Alternatively he could have sold them to some centralized whale holder.

This is a very healthy thing for the guy to do imo. Nobody likes prices going down but the satisfaction of knowing some billionaire manipulative warmongering fucktwat didn't get it all behind a closed curtain is somehow just so reassuring to me.

We're all gonna make it :D

As long as the money went towards actually paying the people that got scammed, I guess i'm happy with it. I don't think this was the only reason for the dump though. So I highly doubt it's completely over with yet. But, I think we're getting pretty close to it being over.

Lmao i guess he is dumping every day at 17:30 from now on :D check out the drops at that time each day.

I would speculate actually that whales bought up more of it and probably in turn have accumulated even more bitcoin. When the price dumps it's not the little guys who buy up the cheap coins, it's the big whales. By causing the fear in the market he will have caused so many people to dump and the whales buy all of those coins up as well.

It's speculative to assume that the people who had buy orders in wait that were dumped on have now sold. Sure mm's are moving in to buy now just as much as weak hands would sell around now, or at least think about it. No shame in sitting on a loss. For one I haven't sold since months and bought just a few weeks ago.

Weak hands get shook out, law of nature, but I'm certainly not the only one looking forward to a ride down while more people pile in.

I don't think the seller will be that daft to crash the market because he or she wants to see at good price, I think he is selling it as the price rally, he must be aiming for an average price of something like $10k. I think with the look of think it might take around a month before the market absorb all these extra BTC

Well if some people got a good price of 6k Bitcoin and it got re-distributed to many hands, those are both good things. It will make hodling easier for those who got in at a good price as well I like to see adoption for BTC so we can spend it. Last thing I want is the rich to get richer here, I am in it for the betterment of humanity.

I thought the same too! You could probably even get a bank or a big exchange to agree to OTC trades wholesale, rather than just eating up the orderbooks. Or was this part of his plan to press the price down so he could get some for himself? It could be just the conditions of the court ruling too, though, so that everything was transparent.

So yes, like you said. For the better good of us all.

I'm okay with this, as long as the money goes to helping those who lost their money. It's good to see a potential happy ending come from this.

This is one of the main drivers of the recent market conditions without a doubt. While its controlled the volume is substantial enough to cause avalanches.

I doubt they will stop now so well probably be absorbing this for a good part of the year.

With alt forks included we are looking at somewhere between another 2-2.5 billion USD liquidated before the market can attempt to normalize again.  

MT Gox the gift that keeps on taking.

Put Karpeles in jail, give the people back their money.

Where do they find the right to sell?

I think we have allot more huge funds liquidating to absorb yet. The same mt gox trustee has another billion dollars alone. The dump may be over for now, but another will come for sure, hopefully at a time when bitcoin won't be affected

So far as the market had to get used to it. I hope the criminals are detected as soon as possible.

If they decide to compensate the investors for the rest of the coins, which they should instead of just walking away pocketing a good sum of change, then expect a fall in bitcoin and all bitcoin forks.

And i'm talking about bitcoin gold, bitcoin diamond, bitcoin cash, all of them.

It'll take a while but when the news come out, I would expect some panicked investors making irrational decisions and selling with the dump instead of buying the cheap coins they are dumping(if they decide to sell the rest as well).

Yeah I think so there should be transparency on all this and a rule if they are going to sell their Bitcoin dumping like this is not good for the price, but hey this is a good opportunity for whales to get more bitcoin at a good price.

Accident in mt gox was 4 years ago and during that time they are very smart to hold it. I guess they will not do a dump anytime soon and they will wait until the highest price is reached. If they intend to get rid of it now, I think the market will get seriously jammed and I'm sure there's another purpose from that.

I hope they will not dump the remaining btc anytime soon, they should lock them up for few years only then we can expect bullish btc again otherwise if they put these huge number of btc for sale market can slip down even badly.

So that's why bitcoin fall so long this guy just sell bitcoin on market and dump and dump again. Maybe we need to do something about it?

Yeah, you should buy everything he is selling  ;)

They are the one who is dumping bitcoin, that's why its falling from months now!

Dump all your coins, he is not satisfied with the bitcoin alone, he's also dumping some fork coins like bitcoin cash, the trustee is waiting for the market to become bullish that would include all the fork coins, then sell them all again, MT.Gox incident happens almost 4 years and now these tons of selling from the Mt.gox again?

wait for the good opportunity to buy bitcoins and other altcoins on the lowest price for the cheap sale, most of the crypto believers will make the same move then ride the bitcoin rocket, profit from the negative price.

the next meeting is in September 2018 so before this time The Trustee won't sell btc anymore. After now we can see bull for btc and all alts. There is an Auction in USA. they got 2k btc from drug dealers and they will not sell direct to market but make an Auction so this might help price go up. the all info is here ;
https://news.bitcoin.com/75-of-20m-bitcoin-auction-from-drug-busts/?utm_source=75%25%20of%20%2420M%20Bitcoin&utm_medium=telegram&utm_campaign=Telegram%20Channel

BTC will start bull run cuz even if you check RSI you will see its dip , its oversold. There are many news about BTC , transfers are cheaper and faster. We can reach again 14k and than 25k.

This is the best thing that we can do right now, to buy more bitcoin at a lower price so we can have good chance of profit in the future. I know the price will pump again in due time its a matter of time so don’t panic because the market have a great potential to do so.

You seem to be agreeing with my point, the weak hands continue to feed the strong hands and making them in to bigger and bigger whales. Every time there's a major crash like this it's just a distribution of funds away from those weak hands.

This dumping may be mostly over and the prices can finally rise after this. It is just amazing how Mt. Gox saga is still affecting bitcoin for last many years one way or the other.

That sucker doesn't know anything about auctions. He is slamming the price down a little bit with that large number of Bitcoins.
On the positive side, I guess people will get back some of the stolen investment back.

this mt gox ghost is still not ready to leave crypto investors .
earlier it cause loss to its users ..
now it causing loss to all holders and entire crypto market .

also at same time it shows market still going good even after his dump ..

i heard he sold many btc even at $6k price , it shows how dumb he is .
rather than dumping on exchanges he can go for otc or even can do margin trading with his family members and earn more .

he is just causing loss to everyone . good that that exchange is now past .

Why do people think this guy is a retard or something , he won't dump all the coins at once. It makes way more sense to spread it so he can get the highest price per bitcoin as possible. Maybe it has effect on the market , but not as much as some people seem to think.

what this mean
Mt.gox very long time closed service, why can dumn
why MT gox does not pay compensation to member, but in use for dump market

It may better to sell all of the bitcoin through the auction method because that can give a lot of impact to the market if that was getting dump at once. That more sense about how the majority of country that seized the bitcoin from the criminal was selling it through auction. But i remember there is more than 332k bitcoin + bitcoin cash in trustee wallet.

Are they all sold yet? something tells me no?
There is a timed pattern with these dips that are going on and I wouldn't call this a correction any more, exchanges need MONEY to back their base, not BTC!
If they are slowly selling $400 million worth of BTC back in to the market, we will be sitting under $10,000 for a good time.

Complete pain in the ass this is, crypto needs to go down the DEX path quicker than we are if one single exchange can have such an impact from their own mistake.

I have never heard of such hacking, but the news I hear is the existence of several bitcoin address lines that should be responsible for the recent decline in bitcoin prices. But my heart began to doubt after this incident because most likely the actual btc owner will do the sale and buy it back at a later date for a lower price.

Did a bit more reading, the trustee still has $1.9 billion worth to sell.
This is the worst news I've seen in recent times for BTC.

It's not such a large volume, I think the panic from this event is too much inflated. This has only a short-term effect. 400mln vs 24h volume 6bln lol

If they really have so many bitcoins, I think they will not sell them all. The price of bitcoin will rise very much in the long run. For example, when they are 50 thousand dollars they sell a certain amount, when they are 100 thousand dollars they sell some. So they earn more money :)

I heard they will stop dumping for now but they will sell it later I don't know when but probably later this year in my opinion.
Right now the price is going down because people are panicking.

This period of the year, if i remember it correctly was the same time where most of the coins were started being pump and dump heavily. Old good times :)

Good point, over a period of time $1.9 billion won't be so bad, depends how much he's selling at a pop and what the volume is around that price.

I know its all still because mt gox scandal hacking. A lot of btc hacked and mt gox also still have 200k bitcoin and 200k bcash. They need to sell it now because they can pay all customer with this price. All mtgox customer paid by dollar and 1 btc = $400. We will see another dump in the next couple of week untill all sold or mayber mt gox trustee will wait btc price up again then sell for bigger bucks.

My thinking is that we should not be ready for the real pump in price right now because the thing with the Mt. Gox and some other exchange in Japan is still causing some panic in the market.

he wont sell all because he just has to sell enough to payback investors than he will give rest of btc to Mt.Gox. The problem is why Trustee doesnt make an Auction ? Its best way to sell btc . Who buy btc wont sell maybe but HODL so btc will not dumped anymore. They have another meeting in September 2018 i hope thiş time they wont sell..

perhaps this is a pre-planned attack on the market, so that people begin to panic. Already at a very inappropriate time, the sale of so many bitcoins was made.

If you are causing the bitcoin price to fall, that should be over. The price is falling so much, it is really hard to stand against this decline. The price should turn now.

Trustee just need instant money to pay the creditors. that means the only possible thing to send all of bitcoin to the market and then dump it instantly. There was not a lot of time to make an auction. i think that was a real reason why trustee doesn't make any auction to sell all of bitcoin. Another meeting to discuss the rest of amount.