Bitcoin Forum

Gox whale has been spotted, watch out! It correlates with the messed up price action lately.

How did you know sir ? Where did you read about it and if ever you just read it on some websites, better to post it here for reference. Its not like this you will just make a topic and tell us all of what you've just read and no basis about it.

It seems to me you are spreading rumors since I have looked around and haven't seen any news about a gox whale lurking on exchanges. Don't create a FUD if you don't got any proof to back up your statement with. Creating posts like this sometimes makes newbies panic sell, and I feel bad for them for believing something like this without a proof. If you can provide the link where you have seen this information, please do so.

 :o :o Oh I am scared! I saw him at the corner of Bitfinex street, heading towards Bittrex close, just to lodge at Binance Guest house.  :'( :'(

Are you happy now? Really shaking my head for people in your shoes right now and those who believe in listening to stuffs like this. I am sure the MtGox trustee would have been tired by now for being a point of contact to anything that happens in the market. Even if you are to come telling us things like this, don't just come blabbing, at least give us something to validate your statement. Maybe, just maybe that time, we will have attentive ears.

No, that was me, the Mt Gox minnow. Hard to tell the difference, but you generally see the whale come up for air every few weeks. Spurts of sell action usually clue in on the surface. Mt Gox whale is migrating now to the great Bitcoin reefs at Coinbase and herding bottom feeders under his massive body to spread the rumours.

He would be a little more active if not for all that litigation. Got to send the whalers their long awaited fiat. Guess what whalers will do when they get their hands on that cash. Buying action on the horizon!

LOL, it is always easier to blame someone and make them out to be the witch and then burn them instead of blaming ourselves for what we have made.
the big rise and entering the bubble was the fault of everyone who hyped bitcoin and all the newbies who wanted to become rich over night. the follow up dumps were also the fault of same people who started panic selling because they didn't get rich over night.
and finally it is the fault of everyone who doesn't demand better exchanges with better security and trust so that they can grow and with a more packed order book we finally see a smaller drop when a panic starts.

MT Gox drama probably had nothing to do with the drop or at least it caused a tiny fraction of it.

Any evidence or are you just spreading FUD & shit posting?

Something like that. The correct term is man-bear-whale anyway.

You referring to the Mt. Gox trustee? Sorry but the guy has a name, so please don't refer to him just a whale because he is real as opposed to the Gox whale you portraying as something of a myth. And what does Mr. Kobayashi has to do with the price lately? He has been exposed already and there are even reports that he needs court order before he can so something with the coins so please stop spreading fake news.

Pathetic dogshit.

The 'Gox whale' is a Japanese court. The court currently has no reason to sell anything and no legal right either. All debts are now covered and payable. It'll be several months before we know what happens to the rest of the coins.

If the price tumbles below the $1000 mark, people will still blame the Gox 'whale'.

Japan officially announces that there are no more coins to be liquidated, and people still blame the Gox 'whale'.

:D

People are too stupid to acknowledge to lower demand that's causing the price to go down in the last months. Just accept it, the ride of last year was based on hype only, which is no longer able to sustain the market.

If the price dips below its previous bottom of $6000, which I don't believe will happen, but still, it just further proves how empty this pump was. We will still go up later on, but it will be a slow journey, just swallow that.

No need to believe these threads, you can always check on the bitcoin addresses known to be held in custody. There is a public link available...

All pumps are empty. That's why they're pumps and they don't sustain.

I can easily believe the calls for $2-3,000. That would still have BTC finishing up considerably higher than when this bubble started. Perhaps it won't reach down that far. Either way it would be far lovelier to get it over and done with rapidly but I guess Bitcoin enjoys inflicting max suffering whenever possible.

i think OP has a typo! he meant to say "Bogeyman" or maybe the auto-correct changed it to "Gox whale". and the word "on exchanges" was probably "in the closet" instead.

This Info is the closet to truth , He have to consult court before selling any coins and since the coins already sold is covering the debt there might be no selling in the near future . here is a links to this Info .
https://news.bitcoin.com/the-mt-gox-whale-explains-his-crypto-selling-strategy/
https://www.coindesk.com/mt-gox-trustee-sells-400-million-bitcoin-bitcoin-cash/

I want to add that according to my understanding from this links ( The court is not controlling the coins but they kinda act as consulting party until he payback all the debt ) .

But isn't paying back all the debt will make him free to do whatever he wants with the remaining coins ! .