Bitcoin Forum

It has been reported that an unknown account that is holding a massive amount of BTC has transferred 7,000 of them to an exchange and is approaching people to make the sell-off.

Read here: https://coingape.com/mt-gox-suspected-for-another-btc-sell-off/

Sounds like FUD to me. Why didn't they give the addresses so we could see for ourselves? 7k bitcoins isnt that much compared to the total supply of BTC, so the good news is that it shouldn't tank the price. Bitcoin is pseudonymous, right? If the addresses are not linked to mtgox, it could be practically anyone.

I seems that this rich investor is intending to sell big amount of bitcoins. I am astonished that the price of Bitcoin still resists on the levels about $8000. BTC is shown as more stable than other top crypto currencies while the panic selling-off is on the crypto exchange markets.

No source, no evidence, no names. Obviously just another FUD news article. And now we know Coingape can't be trusted with reliable news in future.

Just going to add some keywords here for google to pick up. Coingape, fake news, FUD, deception, propaganda

How would they know they've gone to an exchange? Sure you can see them leave an address, but how can you know they've gone to an exchange? If you knew the address belonged to a particular exchange then you'd say what the exchange is. FUD.

Hey, the main focus is not whether it is a FUD or NOT but that as the prices of btc keeps dipping some exchanges will try to sell their shit and it will affect the market badly as it did last time. At least such news will discourage exchanges trying to sell off. So cool down and try to understand the situation guys.

Even if it's true information , the amount of 7000 bitcoin represent nothing compared to the total supply of bitcoins , and even if it is for sale in one of biggest exchange platform this will not get a massive affect on bitcoin price , it will only create some action on that platform that's all .

If this guy will sell bitcoin on this price probably it will go down to 3,000 to 5,000. But something's fishy going around i think he wants to scare people so that newbie will sell their bitcoin to get panic.

We do not know the delivery is addressed to the exchange address or not? So I think this is just FUD news. But, if it is true that the BTC amount goes to the exchange address then I think the bitcoin price drop will continue. 7000 BTC is not a small amount and when it goes into exchange it will have little effect on bitcoin price movement.

First:
https://www.cryptoground.com/mtgox-cold-wallet-monitor/
None of the addresses that are currently holding MtGox funds have moved a single satoshi.

Second:
Exactly the same is stated in the article:


So we can draw a conclusion.
Piece of crap article and piece of crap source.

Third:
Checking your profile:
https://bitcointalk.org/index.php?action=profile;u=1942953;sa=showPosts
Seems that you own this piece of *** website and you spam it on this forum to get hits with clickbait titles.

Conclusion:
STOP!

Even the large number of bitcoins which were going to be sold to compensate My.Gox victims have not yet entered the market.So,its just completely FUD trying to manipulate the market.No source provided.

Given the people who sell thousands of bitcoins it can affect the price of the bitcoin decrease, and he's so wonderful that he has thousands of bitcoins and that he could be a whale.

We have seen MT.Gox sell off fuds many times in before too so I don't think we need to worry on this one.
Actually media is bumping every fud they get to create panic on the market which is already going through pile of problems.

Government regulation and fuds like this making it hard for crypto to recover from this never ending maze of dump.

OMG, this would create a massive sell walls. This would encourage others to dump their BTC. MTGOX is the number one Bitcoin traitor.

it just an another lie, or it just the April lie

check the link:

https://twitter.com/makingmoneynow1/status/978637246084538374?ref_src=twsrc%5Etfw

Shit here first: https://www.financemagnates.com/cryptocurrency/news/breaking-attempts-sell-massive-amounts-btc-reported-mt-gox-selloff-suspected/

if it is true that the BTC number goes to the exchange address then I think the bitcoin price drop will continue. 7000 BTC is not a small amount and when it goes into exchange it will have little effect on bitcoin price movement.