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Title: The Mt. Gox dude won't let Bitcoin prices rise Post by: Canis Majoris on March 16, 2018, 07:29:29 PM Well, it is not so much about him selling the remaining 160k Mt. Gox coins he has in his wallet as about the fear that many, if not all, buyers of crypto now have because of him. It doesn't even matter if the price crash as of recent was actually due to his massive sell-off, though the evidence seems to be overwhelming. In fact, he may not even sell them at all, not a single satoshi, though this is unlikely given the circumstances, but people will still think that one day he goes nuts about selling these coins at any price, and then prices will be halved again extremely fast. Therefore, Bitcoin won't rise until these coins are gone for good, burned or otherwise disposed of, and people become confident and positive again.
Title: Re: The Mt. Gox dude won't let Bitcoin prices rise Post by: pereira4 on March 16, 2018, 07:51:28 PM Well, it is not so much about him selling the remaining 160k Mt. Gox coins he has in his wallet as about the fear that many, if not all, buyers of crypto now have because of him. It doesn't even matter if the price crash as of recent was actually due to his massive sell-off, though the evidence seems to be overwhelming. In fact, he may not even sell them at all, not a single satoshi, though this is unlikely given the circumstances, but people will still think that one day he goes nuts about selling these coins at any price, and then prices will be halved again extremely fast. Therefore, Bitcoin won't rise until these coins are gone for good, burned or otherwise disposed of, and people become confident and positive again. I think it's confirmed that he sold big amounts at the exact times that we saw these sharp red candles, and they tracked the amounts coming from MtGox addresses... Mr Kobayashi is a direct attack on Bitcoin. Trace Mayer or someone with influence on Kraken should tell him to get the fuck out immediately, they need to go OTC, this cannot be tolerated. if they cannot get their shit together soon, someone else will. A guy with that many coins with only one mission: to crush the market, is a target. He needs to go OTC and he needs go OTC now. Even if he isn't dumping anymore, everyone is paranoid about until the japanese government makes an official statement about what they are going to do. Title: Re: The Mt. Gox dude won't let Bitcoin prices rise Post by: LFC_Bitcoin on March 16, 2018, 07:56:06 PM Well, it is not so much about him selling the remaining 160k Mt. Gox coins he has in his wallet as about the fear that many, if not all, buyers of crypto now have because of him. It doesn't even matter if the price crash as of recent was actually due to his massive sell-off, though the evidence seems to be overwhelming. In fact, he may not even sell them at all, not a single satoshi, though this is unlikely given the circumstances, but people will still think that one day he goes nuts about selling these coins at any price, and then prices will be halved again extremely fast. Therefore, Bitcoin won't rise until these coins are gone for good, burned or otherwise disposed of, and people become confident and positive again. I think it's confirmed that he sold big amounts at the exact times that we saw these sharp red candles, and they tracked the amounts coming from MtGox addresses... Mr Kobayashi is a direct attack on Bitcoin. Trace Mayer or someone with influence on Kraken should tell him to get the fuck out immediately, they need to go OTC, this cannot be tolerated. if they cannot get their shit together soon, someone else will. A guy with that many coins with only one mission: to crush the market, is a target. He needs to go OTC and he needs go OTC now. Even if he isn't dumping anymore, everyone is paranoid about until the japanese government makes an official statement about what they are going to do. I think somebody needs to take a look at what Russia has done in the UK to that spy. Something similar happening to this MtGox trustee would he sweet revenge. Title: Re: The Mt. Gox dude won't let Bitcoin prices rise Post by: JanpriX on March 16, 2018, 08:01:35 PM An article that I've read few days ago stated that Kobayashi won't be selling any BTC for now. If I'm not mistaken, he will just keep it until September of this year though we could take his word with a grain of salt. We don't know if he will adhere to that arrangement and even if we can monitor the addresses where those coins are located, we still can't anything to stop it from being sold off. I just can't believe that the huge presence of Mt. Gox still lingers in today's age and that same entity could bring huge effect to the market (whatever it does).
Well, we can't oblige him to sell it as OTC and he doesn't have any responsibility to follow us, the community regarding our requests. I guess what I would wish right now is that Kobayashi should just vanish from the face of the earth without any trace along with his BTC. We doesn't need that person anyway. Title: Re: The Mt. Gox dude won't let Bitcoin prices rise Post by: Canis Majoris on March 16, 2018, 08:04:19 PM Well, it is not so much about him selling the remaining 160k Mt. Gox coins he has in his wallet as about the fear that many, if not all, buyers of crypto now have because of him. It doesn't even matter if the price crash as of recent was actually due to his massive sell-off, though the evidence seems to be overwhelming. In fact, he may not even sell them at all, not a single satoshi, though this is unlikely given the circumstances, but people will still think that one day he goes nuts about selling these coins at any price, and then prices will be halved again extremely fast. Therefore, Bitcoin won't rise until these coins are gone for good, burned or otherwise disposed of, and people become confident and positive again. I think it's confirmed that he sold big amounts at the exact times that we saw these sharp red candles, and they tracked the amounts coming from MtGox addresses... Mr Kobayashi is a direct attack on Bitcoin. Trace Mayer or someone with influence on Kraken should tell him to get the fuck out immediately, they need to go OTC, this cannot be tolerated. if they cannot get their shit together soon, someone else will. A guy with that many coins with only one mission: to crush the market, is a target. He needs to go OTC and he needs go OTC now. Even if he isn't dumping anymore, everyone is paranoid about until the japanese government makes an official statement about what they are going to do. I agree with you so much. However, how do we know that he didn't actually try to sell the coins off the market first? He may in fact have tried but there might not have been enough buyers or the price was not as good as he would get in the open market. Let's not forget also that he started selling at or near the top. And that was 20k dollars, not something that you would easily sneeze at or dismiss lightly. Was there anyone willing to buy that many bitcoins at so high a price in the first place? This is the question we should ask ourselves before making sweeping accusations. Besides, it is a free market after all, isn't it? Title: Re: The Mt. Gox dude won't let Bitcoin prices rise Post by: gentlemand on March 16, 2018, 08:06:45 PM Why do people keep acting like he's just another bearwhale? He's employed by the court. The court decides.
The necessary amount of money to pay everyone back has now been raised. He will not be permitted to dump anything else. His job is done on that front. All the remaining coins have not had their future settled. The most likely outcomes are either they all go back to Gox shareholders or they're distributed to the victims. Neither requires this bloke to sell anything, nor will he have the right to. Title: Re: The Mt. Gox dude won't let Bitcoin prices rise Post by: Idrisu on March 16, 2018, 08:21:18 PM Well, it is not so much about him selling the remaining 160k Mt. Gox coins he has in his wallet as about the fear that many, if not all, buyers of crypto now have because of him. It doesn't even matter if the price crash as of recent was actually due to his massive sell-off, though the evidence seems to be overwhelming. In fact, he may not even sell them at all, not a single satoshi, though this is unlikely given the circumstances, but people will still think that one day he goes nuts about selling these coins at any price, and then prices will be halved again extremely fast. Therefore, Bitcoin won't rise until these coins are gone for good, burned or otherwise disposed of, and people become confident and positive again. How can we allow one man to put us in this type of conduction. What should we do to stop him from bringing the price down? Should we stop buying from him and warning that nobody should buy his remaining coins? All this question keep coming to my mind often and I have no answer to them. Maybe something serious need to happen for him to not be able to put those coins in sales. Title: Re: The Mt. Gox dude won't let Bitcoin prices rise Post by: UnDerDoG81 on March 16, 2018, 08:23:45 PM Well, it is not so much about him selling the remaining 160k Mt. Gox coins he has in his wallet as about the fear that many, if not all, buyers of crypto now have because of him. It doesn't even matter if the price crash as of recent was actually due to his massive sell-off, though the evidence seems to be overwhelming. In fact, he may not even sell them at all, not a single satoshi, though this is unlikely given the circumstances, but people will still think that one day he goes nuts about selling these coins at any price, and then prices will be halved again extremely fast. Therefore, Bitcoin won't rise until these coins are gone for good, burned or otherwise disposed of, and people become confident and positive again. I think it's confirmed that he sold big amounts at the exact times that we saw these sharp red candles, and they tracked the amounts coming from MtGox addresses... Mr Kobayashi is a direct attack on Bitcoin. Trace Mayer or someone with influence on Kraken should tell him to get the fuck out immediately, they need to go OTC, this cannot be tolerated. if they cannot get their shit together soon, someone else will. A guy with that many coins with only one mission: to crush the market, is a target. He needs to go OTC and he needs go OTC now. Even if he isn't dumping anymore, everyone is paranoid about until the japanese government makes an official statement about what they are going to do. I think somebody needs to take a look at what Russia has done in the UK to that spy. Something similar happening to this MtGox trustee would he sweet revenge. I think main target should be Karpeles. That fat asshole does not deserve to breath the air of this planet. Title: Re: The Mt. Gox dude won't let Bitcoin prices rise Post by: richardsNY on March 16, 2018, 09:46:15 PM I think it's safe to say that while some sort of conservative position due to the gox dumpings are justified, we shouldn't further exaggerate the situation. In this case we should just accept that it isn't mtgox being an obstacle for our growth, but the lower demand itself. The hype of last year sparked the overall demand to such insane levels, that we might soon experience even lower levels due to a further decline of speculative hype. I don't rule out another visit below the $7000 level again, but I am confident in the previous bottom to remain strong, and that's the most important thing here. Let people panic, and I'll gladly buy their coins. ;)
Title: Re: The Mt. Gox dude won't let Bitcoin prices rise Post by: stompix on March 16, 2018, 10:37:15 PM How can we allow one man to put us in this type of conduction. What should we do to stop him from bringing the price down? Should we stop buying from him and warning that nobody should buy his remaining coins? All this question keep coming to my mind often and I have no answer to them. Maybe something serious need to happen for him to not be able to put those coins in sales. No, no and no. I really don't understand what's all the panic. He sold bitcoin, he did it in not such a "friendly" fashion and now we should act becuase? We should start acting like a central bank and regulate how much you're allowed to sell and buy? How are we going to be any different from the so called whales when we're planning to manipulate the price? It's a free market, deal with it. Let's assume Satoshi wakes up tomorrow from his slumber and sells 10 000 BTC..what do you plan on doing.... I think somebody needs to take a look at what Russia has done in the UK to that spy. Something similar happening to this MtGox trustee would he sweet revenge. oh...whack him? I really don't understand what happened this week. The forum is getting nuts with crazy ideas like we're close to extinction and we need a solution. Grab a beer (I actually typed bear first time) and enjoy the weekend Title: Re: The Mt. Gox dude won't let Bitcoin prices rise Post by: shursight on March 16, 2018, 10:42:09 PM Well, it is not so much about him selling the remaining 160k Mt. Gox coins he has in his wallet as about the fear that many, if not all, buyers of crypto now have because of him. Bullshit, the price is not going up because there is not enough demand at the moment. This demand will come again once that all those retarded dumbasses who are selling regret about it, and trust me, it will happen sooner than what you think. Mt Gox is giving us a dip, but not very relevant. Title: Re: The Mt. Gox dude won't let Bitcoin prices rise Post by: FLoving on March 16, 2018, 10:48:39 PM Well, it is not so much about him selling the remaining 160k Mt. Gox coins he has in his wallet as about the fear that many, if not all, buyers of crypto now have because of him. Bullshit, the price is not going up because there is not enough demand at the moment. This demand will come again once that all those retarded dumbasses who are selling regret about it, and trust me, it will happen sooner than what you think. Mt Gox is giving us a dip, but not very relevant. Title: Re: The Mt. Gox dude won't let Bitcoin prices rise Post by: figmentofmyass on March 16, 2018, 10:50:37 PM The necessary amount of money to pay everyone back has now been raised. He will not be permitted to dump anything else. His job is done on that front. All the remaining coins have not had their future settled. The most likely outcomes are either they all go back to Gox shareholders or they're distributed to the victims. Neither requires this bloke to sell anything, nor will he have the right to. that was my initial thinking when the report from the creditor meeting was released. but why did the trustee specifically say this: Quote I plan to consult with the court and determine further sale of BTC and BCC. what's the legal basis for further sale of BTC and BCC? it sure sounds like it's possible. Title: Re: The Mt. Gox dude won't let Bitcoin prices rise Post by: Herbert2020 on March 17, 2018, 06:21:12 AM i disagree.
the Mt Gox dude drama may have forces some people to stay away but the demand never went away. it is still there and it is still buying and pushing the price up. the difference however is that there is a bigger sell pressure now that it has ever been before. and that is not only cancelling the buy support but also it is stronger than it. what i am trying to say is that price is not rising, not because there is fear but because there is a big dumping going on. Title: Re: The Mt. Gox dude won't let Bitcoin prices rise Post by: swissgang on March 17, 2018, 08:31:46 AM Sell those bitcoin and we can get rid of this fear :) but there will be always such threat this is not the first and will not be the last. Just Hodl
Title: Re: The Mt. Gox dude won't let Bitcoin prices rise Post by: Denker on March 17, 2018, 09:18:33 AM Well, it is not so much about him selling the remaining 160k Mt. Gox coins he has in his wallet as about the fear that many, if not all, buyers of crypto now have because of him. It doesn't even matter if the price crash as of recent was actually due to his massive sell-off, though the evidence seems to be overwhelming. In fact, he may not even sell them at all, not a single satoshi, though this is unlikely given the circumstances, but people will still think that one day he goes nuts about selling these coins at any price, and then prices will be halved again extremely fast. Therefore, Bitcoin won't rise until these coins are gone for good, burned or otherwise disposed of, and people become confident and positive again. You know that the majority of these coins will go to Mt. Gox shareholders right? The last news was that what had to be paid is paid and therefore more selling is not likely. And even if it should happen I can assure you it won't happen over an exchange again, now where everybody is aware of that. IF another selling happens it will be over the counter! Furthermore we've plenty of early adopters with tens of thousands and hundreds of thousands of coins! The Winklevoss hold over 100k coins! Roger Ver probably had over 100k coins. Erik Vorhees sold SatoshiDice for over 120k coin back in the days! Does this stopped Bitcoin rising to almost $20k?? No! Title: Re: The Mt. Gox dude won't let Bitcoin prices rise Post by: Zicadis on March 17, 2018, 09:34:30 AM Well, it is not so much about him selling the remaining 160k Mt. Gox coins he has in his wallet as about the fear that many, if not all, buyers of crypto now have because of him. Bullshit, the price is not going up because there is not enough demand at the moment. This demand will come again once that all those retarded dumbasses who are selling regret about it, and trust me, it will happen sooner than what you think. Mt Gox is giving us a dip, but not very relevant. Sell those bitcoin and we can get rid of this fear :) but there will be always such threat this is not the first and will not be the last. Just Hodl A change of hands to more hodlers will be far much better than one group having so much coins in their reach.Title: Re: The Mt. Gox dude won't let Bitcoin prices rise Post by: manismanja on March 17, 2018, 10:29:09 AM Well, it is not so much about him selling the remaining 160k Mt. Gox coins he has in his wallet as about the fear that many, if not all, buyers of crypto now have because of him. It doesn't even matter if the price crash as of recent was actually due to his massive sell-off, though the evidence seems to be overwhelming. In fact, he may not even sell them at all, not a single satoshi, though this is unlikely given the circumstances, but people will still think that one day he goes nuts about selling these coins at any price, and then prices will be halved again extremely fast. Therefore, Bitcoin won't rise until these coins are gone for good, burned or otherwise disposed of, and people become confident and positive again. it seems terrible but anyway bitcoin enthusiasts are also very much automatic MT gox will lose and not able to fight all bitcoin supporters. not only that the condition of bitcoin availability is also very limited and very high demand is certain the price will not drop to severe. Title: Re: The Mt. Gox dude won't let Bitcoin prices rise Post by: Samarkand on March 17, 2018, 10:56:35 AM ... Let's assume Satoshi wakes up tomorrow from his slumber and sells 10 000 BTC..what do you plan on doing.... ... Buy them all and ask him if he is selling any additional BTC by any chance ;D On a more serious note I donīt think that the person, who is controlling the Mt. Gox funds is even allowed to sell any additional Bitcoins until the Japanese court that handles the bankruptcy proceedings gives their consent. Therefore it is highly unlikely that any additional funds from the Mt. Gox holdings will be sold in the foreseeable future. The whole bankrupty proceedings are already lasting for years and I donīt predict any sudden changes in the speed of the operations of the Japanese court. We are probably looking at additional sell pressure from these coins in late 2019, early 2020, but definitely not this year. Title: Re: The Mt. Gox dude won't let Bitcoin prices rise Post by: tokeweed on March 17, 2018, 10:59:22 AM Where's Tim Draper or the Winklevoss twins? They could make a deal with the Japanese court to buy or request to auction some of those BTC instead of dumping them in the open market, which is so retarded btw...
Title: Re: The Mt. Gox dude won't let Bitcoin prices rise Post by: lumeire on March 17, 2018, 12:18:25 PM Where's Tim Draper or the Winklevoss twins? They could make a deal with the Japanese court to buy or request to auction some of those BTC instead of dumping them in the open market, which is so retarded btw... You know that's a bit hopeless don't you? I pity the guy though, he's just doing his job. We are probably looking at additional sell pressure from these coins in late 2019, early 2020, but definitely not this year. I hope it does not go all the way till halving season, I'd like to see even better all time highs. Title: Re: The Mt. Gox dude won't let Bitcoin prices rise Post by: dothebeats on March 17, 2018, 02:44:38 PM As what most people have suggested to him before he went nuts, they should go OTC to liquidate the coins and pay up their debts. But unfortunately, the trustee is stubborn enough to not listen to any of these advices and went on to dump on our faces every single time. He should have considered going OTC right now given that the incident he caused is highly publicized and that the fingers are now pointed at him.
Or he's still loyal to Karpeles and just follows his orders, who knows? Title: Re: The Mt. Gox dude won't let Bitcoin prices rise Post by: carlisle1 on March 17, 2018, 02:46:40 PM Sell those bitcoin and we can get rid of this fear :) but there will be always such threat this is not the first and will not be the last. Just Hodl nice thoughts mate,holding still is the key for us to help market grows again.if we will all together being small holder and give the hit of holding our coins together,this big whales will stop doing this things to get over more of us.i might think with us together?theres no impossible Title: Re: The Mt. Gox dude won't let Bitcoin prices rise Post by: samson on March 17, 2018, 02:55:27 PM Everything you think you know about the MtGox sale of Bitcoin is completely wrong.
This statement was released by the MtGox trustee today : https://www.mtgox.com/img/pdf/20180317_qa.pdf For those who can't be bothered to click and ready the whole thing for the relevant information I will summarise the main point which matters to non MtGox creditors : Quoted from the above URL : Quote I sold BTC and BCC from December 2017 to February 2018 with the cooperation of a cryptocurrency exchange in light of the market price at the time of the sale. Following consultation with cryptocurrency experts, I sold BTC and BCC, not by an ordinary sale through the BTC/BCC exchange, but in a manner that would avoid affecting the market price, while ensuring the security of the transaction to the extent possible. The method of sale of BTC and BCC was approved by the court as well. I would like to refrain from explaining the details of the method of sale; otherwise the future sale of BTC and BCC could be hindered. However, at present, nothing has been determined regarding the sale of BTC and BCC in the future. Please note that the transfer s of BTC and BCC from BTC/BCC address es that I manage to other addresses do not itself necessarily mean that I sold BTC and BCC at the time of such transfers. Please retrain from analyzing the correlation between the sale of BTC and BCC by us and the market prices of BTC and BCC based on the assumption that the sale was made at the time the BTC and BCC were transferred from BTC/BCC addresses that I manage, as such assumption is incorrect. It was all FUD. Title: Re: The Mt. Gox dude won't let Bitcoin prices rise Post by: stompix on March 17, 2018, 03:06:08 PM Everything you think you know about the MtGox sale of Bitcoin is completely wrong. This statement was released by the MtGox trustee today : https://www.mtgox.com/img/pdf/20180317_qa.pdf It was all FUD. Nobody is going to believe that and even if they do, too few will read or bother to read that statement in the first place. The community needs a culprit, needs somebody to blame for the price drop. Be it Gox, G20, just find somebody and blame him. Already we have ideas about rubbing out everybody that tries to dump coins, the whole thing will only go downhill unless BTC goes up in price again. Title: Re: The Mt. Gox dude won't let Bitcoin prices rise Post by: Canis Majoris on March 17, 2018, 05:49:20 PM Everything you think you know about the MtGox sale of Bitcoin is completely wrong. This statement was released by the MtGox trustee today : https://www.mtgox.com/img/pdf/20180317_qa.pdf It was all FUD. Nobody is going to believe that and even if they do, too few will read or bother to read that statement in the first place. The community needs a culprit, needs somebody to blame for the price drop. Be it Gox, G20, just find somebody and blame him. Already we have ideas about rubbing out everybody that tries to dump coins, the whole thing will only go downhill unless BTC goes up in price again. I'd sooner say that he now feels kind of guilty for the chaos he wreaked on the cryptoverse or just tries to make it look like he has nothing to do with the off-loading of the Mt. Gox coins and didn't in fact go on a selling spree. I humbly admit that I didn't investigate this issue myself, but I've read it around here that a few people actually bothered to track down the coins, and they reported that around 40k BTC of Mt. Gox coins had been sold late December through early February. Though I don't really know if it is FUD or not. Title: Re: The Mt. Gox dude won't let Bitcoin prices rise Post by: samson on March 17, 2018, 06:09:18 PM Everything you think you know about the MtGox sale of Bitcoin is completely wrong. This statement was released by the MtGox trustee today : https://www.mtgox.com/img/pdf/20180317_qa.pdf It was all FUD. Nobody is going to believe that and even if they do, too few will read or bother to read that statement in the first place. The community needs a culprit, needs somebody to blame for the price drop. Be it Gox, G20, just find somebody and blame him. Already we have ideas about rubbing out everybody that tries to dump coins, the whole thing will only go downhill unless BTC goes up in price again. I'd sooner say that he now feels kind of guilty for the chaos he wreaked on the cryptoverse or just tries to make it look like he has nothing to do with the off-loading of the Mt. Gox coins and didn't in fact go on a selling spree. I humbly admit that I didn't investigate this issue myself, but I've read it around here that a few people actually bothered to track down the coins, and they reported that around 40k BTC of Mt. Gox coins had been sold late December through early February. Though I don't really know if it is FUD or not. They were sold but according to the trustee himself in his released statement he did not sell on the open market of any exchange. To me this means he did an OTC type deal and someone saw the coins move, then the dumping began. I suspect it was a panic sell off by those who saw Gox coins moving, simple as that. He only sold 38k Bitcoin in the end but for all everyone knew he might have been preparing to sell all 202k of them. So there's plenty more those 38k came from. Title: Re: The Mt. Gox dude won't let Bitcoin prices rise Post by: pereira4 on March 17, 2018, 06:09:24 PM Everything you think you know about the MtGox sale of Bitcoin is completely wrong. This statement was released by the MtGox trustee today : https://www.mtgox.com/img/pdf/20180317_qa.pdf It was all FUD. Nobody is going to believe that and even if they do, too few will read or bother to read that statement in the first place. The community needs a culprit, needs somebody to blame for the price drop. Be it Gox, G20, just find somebody and blame him. Already we have ideas about rubbing out everybody that tries to dump coins, the whole thing will only go downhill unless BTC goes up in price again. I made a thread about this there: https://bitcointalk.org/index.php?topic=3146643.msg32532111#msg32532111 People always need a reason to feel good about dumping their coins. In this case, they went all schizophrenic on the MtGox coins moving. They assumed it was a sale, when it was only moved. I also assumed it was a sale, because of all the news guaranteeing it... but of course, I don't sell on that bullshit. But then again, what is the trustee doing? Is he going OTC or is he going to keep being an idiot on Kraken? And also, how do we confirm that the information in the pdf is real? Title: Re: The Mt. Gox dude won't let Bitcoin prices rise Post by: Canis Majoris on March 17, 2018, 06:39:01 PM People always need a reason to feel good about dumping their coins. In this case, they went all schizophrenic on the MtGox coins moving. They assumed it was a sale, when it was only moved. I also assumed it was a sale, because of all the news guaranteeing it... but of course, I don't sell on that bullshit. But then again, what is the trustee doing? Is he going OTC or is he going to keep being an idiot on Kraken? And also, how do we confirm that the information in the pdf is real? Myself, I think it is like making the best of a bad bargain on the Mt. Gox trustee's part, though I can hardly say that was a bad bargain by any means. As me in OP and others in this and other threads have already said, the effect is the same whether it was him or someone else going on a schizophrenic selling spree. People will definitely shy from buying in the coming months, but if Bitcoin doesn't go up it goes down, as simple as that. This is what we can all attest to now. As a matter of fact, I saw it with my own eyes (https://bitcointalk.org/index.php?topic=2867856.msg29446835#msg29446835). Title: Re: The Mt. Gox dude won't let Bitcoin prices rise Post by: motoprose on March 17, 2018, 06:42:52 PM i disagree. This is the first I am hearing of this news and did not know someone has this much in bitcoin in their possession from the mt.gox incident that most have passed on and almost have forgotten about from over 4 years ago (suspended trading February 2014).the Mt Gox dude drama may have forces some people to stay away but the demand never went away. it is still there and it is still buying and pushing the price up. the difference however is that there is a bigger sell pressure now that it has ever been before. and that is not only cancelling the buy support but also it is stronger than it. what i am trying to say is that price is not rising, not because there is fear but because there is a big dumping going on. Now this gets me thinking about the price with this new player I have just heard of surfacing called Kobayashi(the mt gox trustee?). Title: Re: The Mt. Gox dude won't let Bitcoin prices rise Post by: Canis Majoris on March 17, 2018, 07:37:00 PM Well, it is not so much about him selling the remaining 160k Mt. Gox coins he has in his wallet as about the fear that many, if not all, buyers of crypto now have because of him. Bullshit, the price is not going up because there is not enough demand at the moment. You can always say that. Namely, that the price doesn't rise because there's no demand or, in case it doesn't fall, that there's not enough supply. And you would be right. But can you explain why exactly there is no demand at the moment and where it has gone? Has it not occurred to you that the lack of demand may be due to the fear that prices can go lower when the Mt. Gox trustee or just another Bitcoin bearwhale throws a few dozen thousand bitcoins into the orderbooks? Title: Re: The Mt. Gox dude won't let Bitcoin prices rise Post by: TheQuin on March 18, 2018, 08:38:09 AM On a more serious note I donīt think that the person, who is controlling the Mt. Gox funds is even allowed to sell any additional Bitcoins until the Japanese court that handles the bankruptcy proceedings gives their consent. Therefore it is highly unlikely that any additional funds from the Mt. Gox holdings will be sold in the foreseeable future. The whole bankrupty proceedings are already lasting for years and I donīt predict any sudden changes in the speed of the operations of the Japanese court. We are probably looking at additional sell pressure from these coins in late 2019, early 2020, but definitely not this year. You are correct that it is the court's decision whether to sell them or not and when so that will probably take a long time. Another thing to bear in mind in this sort of situation is that as it is already known that these coins will be sold eventually so that is priced into the market already. If someone suddenly turned up with 100,000 coins to sell that would be new information that would move the market but these coins have been known about for years. Title: Re: The Mt. Gox dude won't let Bitcoin prices rise Post by: tokeweed on March 18, 2018, 11:57:58 AM Where's Tim Draper or the Winklevoss twins? They could make a deal with the Japanese court to buy or request to auction some of those BTC instead of dumping them in the open market, which is so retarded btw... You know that's a bit hopeless don't you? I pity the guy though, he's just doing his job. We are probably looking at additional sell pressure from these coins in late 2019, early 2020, but definitely not this year. I hope it does not go all the way till halving season, I'd like to see even better all time highs. Lol. Yup... The Japanese dude must be going 'Why you all white male libertarian bros blame me? Bakaroo banzai! I just doing my job. Kampai!'. ;D But when's the next sell off? They should at least make everything as public as possible from their end... Title: Re: The Mt. Gox dude won't let Bitcoin prices rise Post by: Canis Majoris on March 18, 2018, 12:47:42 PM Lol. Yup... The Japanese dude must be going 'Why you all white male libertarian bros blame me? Bakaroo banzai! I just doing my job. Kampai!'. ;D But when's the next sell off? They should at least make everything as public as possible from their end... Why should they really? If I were them, I would try to conceal as much of the deal as possible. Indeed, given the blockchain and circumstances, it is next to impossible and I'm not them either. Further, if the same amount of coins was sold that had been moved out of the Mt. Gox wallets, this is a telltale sign if you ask me. You know, if it looks like a duck... As an aside, I agree that the possibility of dumping large amounts of coins may already be counted in by the market, and that likely explains why there is a strong trend to the downside currently, which we can easily see revealing itself in the recent price moves. Title: Re: The Mt. Gox dude won't let Bitcoin prices rise Post by: Harlot on March 18, 2018, 12:57:21 PM I don't think so, every time he sells at the current price level his influence in the market is growing weaker and weaker as his selling power is going lighter. Right now we are seeing the effect of the first sell off they have made as the panic of the market is still here. Everyone thinks that Bitcoin is still bearish and that is including me. The good thing about this kinds of trends is reversals could happen at any time, the only thing left is a trigger for that reversal.
Title: Re: The Mt. Gox dude won't let Bitcoin prices rise Post by: Palmerson on March 18, 2018, 01:15:31 PM Where's Tim Draper or the Winklevoss twins? They could make a deal with the Japanese court to buy or request to auction some of those BTC instead of dumping them in the open market, which is so retarded btw... Now on the market to panic. Many users are afraid to buy bitcoins. Why would the twins do that? That they are the most stupid. I at all not believe in the that stable asset can be to undermine such sales. It seems to me that the reason for the fall in demand for bitcoin is different. China's banks to block the accounts of large holders of bitcoin in Hong Kong. Via bitcoin was made all countries in the world for the export of grey goods from China. May be this is the main reason?Title: Re: The Mt. Gox dude won't let Bitcoin prices rise Post by: Canis Majoris on March 18, 2018, 08:42:10 PM I don't think so, every time he sells at the current price level his influence in the market is growing weaker and weaker as his selling power is going lighter. Right now we are seeing the effect of the first sell off they have made as the panic of the market is still here. Everyone thinks that Bitcoin is still bearish and that is including me. The good thing about this kinds of trends is reversals could happen at any time, the only thing left is a trigger for that reversal. I'm more inclined to think that it is the other way round. If it were so and the market became stronger as you seem to assume, then it would make sense to sell the bulk of his coins now and not when the price was high. I agree this is a little counterintuitive but if you take into account that it is the average price that matters, then it could actually make sense. Obviously, this is not the case, and if he decides to sell now, that would likely cause an even stronger panic and ensuing price crash, with no organized support at any price level. Title: Re: The Mt. Gox dude won't let Bitcoin prices rise Post by: 1BTC EQUALS 1CAR on March 19, 2018, 08:16:27 AM It's not just Mt. Gox dude but also the manipulative whales and influential new outlets that repeat their last articles to make a negative impact again and again. It's just all planned and organized.
Title: Re: The Mt. Gox dude won't let Bitcoin prices rise Post by: rickadone on March 20, 2018, 09:25:00 AM Well, it is not so much about him selling the remaining 160k Mt. Gox coins he has in his wallet as about the fear that many, if not all, buyers of crypto now have because of him. It doesn't even matter if the price crash as of recent was actually due to his massive sell-off, though the evidence seems to be overwhelming. In fact, he may not even sell them at all, not a single satoshi, though this is unlikely given the circumstances, but people will still think that one day he goes nuts about selling these coins at any price, and then prices will be halved again extremely fast. Therefore, Bitcoin won't rise until these coins are gone for good, burned or otherwise disposed of, and people become confident and positive again. I think it's confirmed that he sold big amounts at the exact times that we saw these sharp red candles, and they tracked the amounts coming from MtGox addresses... Mr Kobayashi is a direct attack on Bitcoin. Trace Mayer or someone with influence on Kraken should tell him to get the fuck out immediately, they need to go OTC, this cannot be tolerated. if they cannot get their shit together soon, someone else will. A guy with that many coins with only one mission: to crush the market, is a target. He needs to go OTC and he needs go OTC now. Even if he isn't dumping anymore, everyone is paranoid about until the japanese government makes an official statement about what they are going to do. I wish they can just allow him to sell whatever is left, I would not mind buying it from him at $500, as long as he is willing to accept and I am sure no trader wants to give him that opportunity of selling at a high price as it is. Title: Re: The Mt. Gox dude won't let Bitcoin prices rise Post by: anntlevel on March 20, 2018, 01:53:20 PM Well, it is not so much about him selling the remaining 160k Mt. Gox coins he has in his wallet as about the fear that many, if not all, buyers of crypto now have because of him. It doesn't even matter if the price crash as of recent was actually due to his massive sell-off, though the evidence seems to be overwhelming. In fact, he may not even sell them at all, not a single satoshi, though this is unlikely given the circumstances, but people will still think that one day he goes nuts about selling these coins at any price, and then prices will be halved again extremely fast. Therefore, Bitcoin won't rise until these coins are gone for good, burned or otherwise disposed of, and people become confident and positive again. In course of time, you will be proved as wrong.Maybe in last few days some people might have dumped their stash and which would have resulted downfall of prices but expecting same thing to happen again and again is completely meaningless as billions worth of hedge funds are about to be invested into bitcoins when bitcoin prices increasing all whales will surely lose their significance to impact the prices of bitcoins. (all whales will definitely include that Mt.Gox dude too). Title: Re: The Mt. Gox dude won't let Bitcoin prices rise Post by: Weawant on March 20, 2018, 02:03:09 PM How could they doesn't want to get pump? do they doesn't want to get more money from it? I think they are not aftering for any pump and dump scheme since the real scenario happened on Mt.Gox is the securing of their own profits nothing else more. Those dumping issue is only been used by whales who want to create panic to buy more cheaper coins.
Title: Re: The Mt. Gox dude won't let Bitcoin prices rise Post by: Deeyoh on March 20, 2018, 02:05:25 PM Not 160k coins anymore.. He's dumping another 3000+ BTC and probably BCH on exchanges since yesterday morning.
Title: Re: The Mt. Gox dude won't let Bitcoin prices rise Post by: Kevin77 on March 20, 2018, 02:36:16 PM Why do people keep acting like he's just another bearwhale? He's employed by the court. The court decides. Well, that feels good to hear and I really want to hope you are right. Personally, I would not be too relax as this guy still made some statements in one of the article that I read which simply and logically means that the possibility is still there. Left for me, I would rather say they allow the Buffon sell everything so we can have a clear movement ahead, because whether we like it or not, it is definitely still affecting trader's and investors' perception until that is fully clarified.The necessary amount of money to pay everyone back has now been raised. He will not be permitted to dump anything else. His job is done on that front. All the remaining coins have not had their future settled. The most likely outcomes are either they all go back to Gox shareholders or they're distributed to the victims. Neither requires this bloke to sell anything, nor will he have the right to. Just one of the point I raised in one of the threads that was talking about the guy pausing his sell out till September and in my mind, it was more like what difference does it make ? It is not like he is still not going to sell and as long as what he is holding is still huge, no one would want to gamble selling to him at a higher price and those who are buying now will be very wary of any slight movement in the market. Investors themselves will even be nowhere in the scene of the market. I wish this dude can just do his bullshit once and for all and let us move forward. Title: Re: The Mt. Gox dude won't let Bitcoin prices rise Post by: khaled0111 on March 20, 2018, 03:24:24 PM I don't think so, one day he will sell it all and this nightmare will end.
I don't think he is too stupid to sell it at low price. I don't know how much he still have, but in all cases he won't be able to dump prices anymore. Title: Re: The Mt. Gox dude won't let Bitcoin prices rise Post by: Coffee135 on March 20, 2018, 03:31:37 PM I don't think so, one day he will sell it all and this nightmare will end. Lol! What do you think he's interested in?how much money will the depositors get in the form of compensation? I think he made a deal with the whales. He warns them that he will sell coins. At this point, the whales additionally sell their coins and together they fall prices. Then the whales buy coins cheap and share their income with him.I don't think he is too stupid to sell it at low price. I don't know how much he still have, but in all cases he won't be able to dump prices anymore. Title: Re: The Mt. Gox dude won't let Bitcoin prices rise Post by: 1Referee on March 20, 2018, 03:41:31 PM How could they doesn't want to get pump? do they doesn't want to get more money from it? They are getting money from it, and that without pumping the market. It's just them very likely having sold their personal stash initially, then used the MtGox coins to steer the market down further during an already progressing/looming correction, and the only thing they had to do, was to buy back at levels severely below that what they sold their personal stash at. I am just interested to see what will actually be happening with the massive number of remaining coins. It's pointless to even legally sell them because they already reached the fiat amount needed to compensate people. It would make sense to distribute all these coins back to the victims, but it might also be that the government starts to confiscate these holdings, which would be a sad development if true. The only slight positive note in such scenario will be that they at least legally are not in possession of MtGox anymore. Everything better than that. Title: Re: The Mt. Gox dude won't let Bitcoin prices rise Post by: Canis Majoris on March 20, 2018, 04:35:11 PM I am just interested to see what will actually be happening with the massive number of remaining coins. It's pointless to even legally sell them because they already reached the fiat amount needed to compensate people. It would make sense to distribute all these coins back to the victims, but it might also be that the government starts to confiscate these holdings, which would be a sad development if true. The only slight positive note in such scenario will be that they at least legally are not in possession of MtGox anymore. Everything better than that. I don't think that they are going to give back the coins. If they haven't done so already, why would they now? Since these coins were not distributed between the Mt. Gox clients at once, while they were offered fiat reimbursement instead. So it looks more like the remaining coins will be expropriated and then sold at an auction. Actually, not a very bad idea, given how many bitcoins confiscated by the FBI have been already auctioned off. Title: Re: The Mt. Gox dude won't let Bitcoin prices rise Post by: Palmerson on March 20, 2018, 04:40:54 PM How could they doesn't want to get pump? do they doesn't want to get more money from it? They are getting money from it, and that without pumping the market. It's just them very likely having sold their personal stash initially, then used the MtGox coins to steer the market down further during an already progressing/looming correction, and the only thing they had to do, was to buy back at levels severely below that what they sold their personal stash at. I am just interested to see what will actually be happening with the massive number of remaining coins. It's pointless to even legally sell them because they already reached the fiat amount needed to compensate people. It would make sense to distribute all these coins back to the victims, but it might also be that the government starts to confiscate these holdings, which would be a sad development if true. The only slight positive note in such scenario will be that they at least legally are not in possession of MtGox anymore. Everything better than that. Title: Re: The Mt. Gox dude won't let Bitcoin prices rise Post by: aervin11 on March 20, 2018, 04:45:30 PM Well, it is not so much about him selling the remaining 160k Mt. Gox coins he has in his wallet as about the fear that many, if not all, buyers of crypto now have because of him. It doesn't even matter if the price crash as of recent was actually due to his massive sell-off, though the evidence seems to be overwhelming. In fact, he may not even sell them at all, not a single satoshi, though this is unlikely given the circumstances, but people will still think that one day he goes nuts about selling these coins at any price, and then prices will be halved again extremely fast. Therefore, Bitcoin won't rise until these coins are gone for good, burned or otherwise disposed of, and people become confident and positive again. This Mt.Gox sell-off was postposned till September this year. Meaning there would be no bitcoin selling on the Mt.Gox officials till September because they we're subpoenaed for this and would face legal consequences if they would continue doing so. Title: Re: The Mt. Gox dude won't let Bitcoin prices rise Post by: stompix on March 20, 2018, 04:55:19 PM Well, it is not so much about him selling the remaining 160k Mt. Gox coins he has in his wallet as about the fear that many, if not all, buyers of crypto now have because of him. It doesn't even matter if the price crash as of recent was actually due to his massive sell-off, though the evidence seems to be overwhelming. In fact, he may not even sell them at all, not a single satoshi, though this is unlikely given the circumstances, but people will still think that one day he goes nuts about selling these coins at any price, and then prices will be halved again extremely fast. Therefore, Bitcoin won't rise until these coins are gone for good, burned or otherwise disposed of, and people become confident and positive again. This Mt.Gox sell-off was postposned till September this year. Meaning there would be no bitcoin selling on the Mt.Gox officials till September because they we're subpoenaed for this and would face legal consequences if they would continue doing so. You're moving way to fast, this is MtGox we're talking about... In September there will be just another creditor meeting, the 11th. They will have to reach a conclusion, which might invove a 12th meeting, and only after that we will hear if they are going to sell more coins, or distribute more fiat and BTC to the creditors. Honestly, with all the great news for a crypto enthusiast that come from Japan this whole farce is pretty hard to swallow. I might be wrong but I have the feeling that from all the guys involved MK is the only one laughing right now. Title: Re: The Mt. Gox dude won't let Bitcoin prices rise Post by: Canis Majoris on March 20, 2018, 05:16:09 PM Well, it is not so much about him selling the remaining 160k Mt. Gox coins he has in his wallet as about the fear that many, if not all, buyers of crypto now have because of him. It doesn't even matter if the price crash as of recent was actually due to his massive sell-off, though the evidence seems to be overwhelming. In fact, he may not even sell them at all, not a single satoshi, though this is unlikely given the circumstances, but people will still think that one day he goes nuts about selling these coins at any price, and then prices will be halved again extremely fast. Therefore, Bitcoin won't rise until these coins are gone for good, burned or otherwise disposed of, and people become confident and positive again. In course of time, you will be proved as wrong.Maybe in last few days some people might have dumped their stash and which would have resulted downfall of prices but expecting same thing to happen again and again is completely meaningless as billions worth of hedge funds are about to be invested into bitcoins when bitcoin prices increasing all whales will surely lose their significance to impact the prices of bitcoins. (all whales will definitely include that Mt.Gox dude too). To tell the truth, I want to be proved wrong. But as long as there exist super whales holding dozen thousands of bitcoins, the threat of someone offloading this huge stash at one stroke will persist. And so will the fears. The major problem is that the higher the price rises in the future, provided it rises at all of course, the stronger will be the urge to sell. Isn't that what happened to Mt. Gox coins after all? Title: Re: The Mt. Gox dude won't let Bitcoin prices rise Post by: Canis Majoris on March 25, 2018, 08:19:07 PM It is not like he is still not going to sell and as long as what he is holding is still huge, no one would want to gamble selling to him at a higher price and those who are buying now will be very wary of any slight movement in the market. Investors themselves will even be nowhere in the scene of the market. I wish this dude can just do his bullshit once and for all and let us move forward. And there's more to it than you think. It is not just about some dude selling his stash of bitcoins and getting done with that. It is an example of how fast and how much the price will crash when a bearwhale decides to off-load his massive piggy bank of bitcoins. People are scared away from buying Bitcoin, this is for real and likely to stay for long. In other words, selling the last Mt. Gox coins won't be enough because the damage has been done already. And it may take years to undo it. Title: Re: The Mt. Gox dude won't let Bitcoin prices rise Post by: BitHodler on March 25, 2018, 11:39:55 PM And there's more to it than you think. It is not just about some dude selling his stash of bitcoins and getting done with that. It is an example of how fast and how much the price will crash when a bearwhale decides to off-load his massive piggy bank of bitcoins. People are scared away from buying Bitcoin, this is for real and likely to stay for long. In other words, selling the last Mt. Gox coins won't be enough because the damage has been done already. And it may take years to undo it. You're making a bigger deal out of it than needed. This market has always had massive holders, and despite the fact that almost everyone with a functioning brain is already aware of it, the market keeps going up.Exchanges have always had the worst possible liquidity. Roger Ver, Jihan Wu, Winklevoss twins, Mark Karpeles, Satoshi, you name it, they all can sink the market back to double digits within 2 seconds. Important difference is that every well thinking whale doesn't unload his coins on an exchange and lose out on quite a serious amount of capital because of how much you need to tank the market to sell everything. The far majority of the whales sell their coins outside the regular markets to private buyers through the OTC market. Title: Re: The Mt. Gox dude won't let Bitcoin prices rise Post by: expert4knowledge on March 26, 2018, 02:10:54 AM He will end up using all his reserve at one point, just be patient guys
Title: Re: The Mt. Gox dude won't let Bitcoin prices rise Post by: lumeire on March 26, 2018, 08:30:17 AM He will end up using all his reserve at one point, just be patient guys Hopefully by the next halving season it's all sold up and distributed. A sell pressure still existing at that point is pretty bad for the getting new ATHs. Title: Re: The Mt. Gox dude won't let Bitcoin prices rise Post by: ajdaj on March 26, 2018, 06:02:05 PM It is not like he is still not going to sell and as long as what he is holding is still huge, no one would want to gamble selling to him at a higher price and those who are buying now will be very wary of any slight movement in the market. Investors themselves will even be nowhere in the scene of the market. I wish this dude can just do his bullshit once and for all and let us move forward. And there's more to it than you think. It is not just about some dude selling his stash of bitcoins and getting done with that. It is an example of how fast and how much the price will crash when a bearwhale decides to off-load his massive piggy bank of bitcoins. People are scared away from buying Bitcoin, this is for real and likely to stay for long. In other words, selling the last Mt. Gox coins won't be enough because the damage has been done already. And it may take years to undo it. Title: Re: The Mt. Gox dude won't let Bitcoin prices rise Post by: Canis Majoris on March 26, 2018, 06:59:45 PM And there's more to it than you think. It is not just about some dude selling his stash of bitcoins and getting done with that. It is an example of how fast and how much the price will crash when a bearwhale decides to off-load his massive piggy bank of bitcoins. People are scared away from buying Bitcoin, this is for real and likely to stay for long. In other words, selling the last Mt. Gox coins won't be enough because the damage has been done already. And it may take years to undo it. You're making a bigger deal out of it than needed. This market has always had massive holders, and despite the fact that almost everyone with a functioning brain is already aware of it, the market keeps going up.Exchanges have always had the worst possible liquidity. Roger Ver, Jihan Wu, Winklevoss twins, Mark Karpeles, Satoshi, you name it, they all can sink the market back to double digits within 2 seconds. Important difference is that every well thinking whale doesn't unload his coins on an exchange and lose out on quite a serious amount of capital because of how much you need to tank the market to sell everything. The far majority of the whales sell their coins outside the regular markets to private buyers through the OTC market. Markets are in fact quite irrational, and as John Keynes aptly put it, they can remain irrational longer than you can stay solvent. It is one thing to know about the existence of whales like the Winklevii twins, Satoshi, etc, and a completely different one to feel their impact with your own skin or rather money. Whales may unload their stashes for various reasons and losing a serious amount of capital may not even be a concern for some of them. This is what people now came to understand, that it is only a matter of time. It looks like you see only what you want to see. Title: Re: The Mt. Gox dude won't let Bitcoin prices rise Post by: poplolnman on March 26, 2018, 08:15:34 PM Everything you think you know about the MtGox sale of Bitcoin is completely wrong. This statement was released by the MtGox trustee today : https://www.mtgox.com/img/pdf/20180317_qa.pdf It was all FUD. Nobody is going to believe that and even if they do, too few will read or bother to read that statement in the first place. The community needs a culprit, needs somebody to blame for the price drop. Be it Gox, G20, just find somebody and blame him. Already we have ideas about rubbing out everybody that tries to dump coins, the whole thing will only go downhill unless BTC goes up in price again. Title: Re: The Mt. Gox dude won't let Bitcoin prices rise Post by: raven7886 on March 27, 2018, 07:04:40 AM Well, it is not so much about him selling the remaining 160k Mt. Gox coins he has in his wallet as about the fear that many, if not all, buyers of crypto now have because of him. It doesn't even matter if the price crash as of recent was actually due to his massive sell-off, though the evidence seems to be overwhelming. In fact, he may not even sell them at all, not a single satoshi, though this is unlikely given the circumstances, but people will still think that one day he goes nuts about selling these coins at any price, and then prices will be halved again extremely fast. Therefore, Bitcoin won't rise until these coins are gone for good, burned or otherwise disposed of, and people become confident and positive again. I think it's confirmed that he sold big amounts at the exact times that we saw these sharp red candles, and they tracked the amounts coming from MtGox addresses... Mr Kobayashi is a direct attack on Bitcoin. Trace Mayer or someone with influence on Kraken should tell him to get the fuck out immediately, they need to go OTC, this cannot be tolerated. if they cannot get their shit together soon, someone else will. A guy with that many coins with only one mission: to crush the market, is a target. He needs to go OTC and he needs go OTC now. Even if he isn't dumping anymore, everyone is paranoid about until the japanese government makes an official statement about what they are going to do. I agree with you so much. However, how do we know that he didn't actually try to sell the coins off the market first? He may in fact have tried but there might not have been enough buyers or the price was not as good as he would get in the open market. Let's not forget also that he started selling at or near the top. And that was 20k dollars, not something that you would easily sneeze at or dismiss lightly. Was there anyone willing to buy that many bitcoins at so high a price in the first place? This is the question we should ask ourselves before making sweeping accusations. Besides, it is a free market after all, isn't it? I wish the court can order him to do his stuff over the counter, but I am not a legal practitioner anyway and I do not know if that can even fly. Title: Re: The Mt. Gox dude won't let Bitcoin prices rise Post by: stompix on March 27, 2018, 12:52:29 PM He will end up using all his reserve at one point, just be patient guys Hopefully by the next halving season it's all sold up and distributed. A sell pressure still existing at that point is pretty bad for the getting new ATHs. Just checking...you know the next halving will happen in 2020 , do you? Everything you think you know about the MtGox sale of Bitcoin is completely wrong. This statement was released by the MtGox trustee today : https://www.mtgox.com/img/pdf/20180317_qa.pdf It was all FUD. Nobody is going to believe that and even if they do, too few will read or bother to read that statement in the first place. The community needs a culprit, needs somebody to blame for the price drop. Be it Gox, G20, just find somebody and blame him. Already we have ideas about rubbing out everybody that tries to dump coins, the whole thing will only go downhill unless BTC goes up in price again. I really don't understand what you're asking me. People panicking for no reason or from rumors are people that deserve to lose money by selling their "investment". If BTC can't survive a panic and a guy selling 40k bitcoins in 3 months then probably it won't survice for too long as there will be far more stiffer tests to pass in the future. And I have to say you seem like one of those panicking for no reason also.. Title: Re: The Mt. Gox dude won't let Bitcoin prices rise Post by: Canis Majoris on March 29, 2018, 07:02:30 PM Well, it is not so much about him selling the remaining 160k Mt. Gox coins he has in his wallet as about the fear that many, if not all, buyers of crypto now have because of him. It doesn't even matter if the price crash as of recent was actually due to his massive sell-off, though the evidence seems to be overwhelming. In fact, he may not even sell them at all, not a single satoshi, though this is unlikely given the circumstances, but people will still think that one day he goes nuts about selling these coins at any price, and then prices will be halved again extremely fast. Therefore, Bitcoin won't rise until these coins are gone for good, burned or otherwise disposed of, and people become confident and positive again. I think it's confirmed that he sold big amounts at the exact times that we saw these sharp red candles, and they tracked the amounts coming from MtGox addresses... Mr Kobayashi is a direct attack on Bitcoin. Trace Mayer or someone with influence on Kraken should tell him to get the fuck out immediately, they need to go OTC, this cannot be tolerated. if they cannot get their shit together soon, someone else will. A guy with that many coins with only one mission: to crush the market, is a target. He needs to go OTC and he needs go OTC now. Even if he isn't dumping anymore, everyone is paranoid about until the japanese government makes an official statement about what they are going to do. I agree with you so much. However, how do we know that he didn't actually try to sell the coins off the market first? He may in fact have tried but there might not have been enough buyers or the price was not as good as he would get in the open market. Let's not forget also that he started selling at or near the top. And that was 20k dollars, not something that you would easily sneeze at or dismiss lightly. Was there anyone willing to buy that many bitcoins at so high a price in the first place? This is the question we should ask ourselves before making sweeping accusations. Besides, it is a free market after all, isn't it? I wish the court can order him to do his stuff over the counter, but I am not a legal practitioner anyway and I do not know if that can even fly. I understand what people feel when you see your capital halved and then halved again. In fact, I've been there myself. But I still can't accept this logic that he should have sold his coins off the market. It is a free market, isn't it? Okay, the court or whatever orders him not to sell on exchanges and what's next? Should we then ban all bear-whales whose total amount of coins exceeds a certain number from selling their stashes as well? If so, why not implement such a policy on the blockchain directly and limit the amount of coins to be allowed for transfer by some arbitrary number? Title: Re: The Mt. Gox dude won't let Bitcoin prices rise Post by: NeuroticFish on March 29, 2018, 07:10:55 PM This Mt Gox Kobayashi guy must have had at least 21M Bitcoin he's been selling for so long without getting depleted.
Really... We have to think harder and find out who has the financial power to play with our nerves for so long. And filling the forums with all same news and same false-panicking messages is getting boring. We should start to become smarter than that. All of us... |