Bitcoin Forum

bitcoin prices are down 8.6% now . is this a response ? there are still 140000 bitcoin remaining in Mt.Gox wallet . if it will sell bitcoin next time . will the market fall ? is there a solution to this problem ?

With the amount of bitcoin that big it is for sale and I think it's very influential on the decline in bitcoin prices, and to cope with that it needs big investors to buy that much bitcoin.

There is no solution to it but to just wait. Even if Mt. Gox is dumping their bitcoin but they are not foolish to sell it all at once. They will sell it slowly by waiting for the price to increase and they will sell their btc. They will not dump all of their bitcoins at once since when that happens the price of bitcoin will hover back to 100$ and if that happens Mt. Gox will be left behind again in the bitcoin world.

From the text of the message it is not seen whether Mt. Gox a new batch of its bitcoins in 6,000 pieces? If so, that's why the bitcoin rate has now dropped. Apparently, Mt. Gox will throw out periodically such batches of bitcoins and therefore bitcoin can not significantly increase in price. As soon as its price rises, Mt. Gox again will thus lower it. It's sad, but there's nothing we can do about it. It remains only to observe from the side behind the events. Each owner of bitcoins has the right to sell them. It's still good that he does not sell all his bitcoins at the same time. Although in this case, he would have lost a lot from this, because he would have significantly lowered the price of bitcoin and his bitcoins would have already been sold quite cheaply. Therefore, it is in his interest to throw out their bitcoins on the market in small batches and then expect its recovery in value.

In my opinion people are overthinking everything. Whenever there is some fall in prices many seem to go and blame the whales, blame the Gox etc. Even if they opt to dump huge batch of bitcoins now it is not the end of the world. Maybe we won't see 20k this year or whatever but over the time if bitcoin shows itself to be good alternative to some assets/fiat price should raise.

I'm surprised that barely 6 thousand BTC can make the whole market panic. I don't understand investors who are selling their BTC right now, but there is nothing we can do about it, unfortunately. Mt.Gox will continue to sell their remaining bitcoins for a long time. I'm surprised that they decided to sell it right now. If I were them, I woud wait a little bit more. It seemed like Bitcoin was slowly recovering. Let's hope that this dip won't have any impact on Bitcoin in the future. There is one thing I know. They won't dump everything at once.

I guess it is understandable if some party who own many bitcoin to sell right now if they think has obtained some profit margin, perhaps they bought big amount of bitcoin during bitcoin less than 7000. Hence by selling 9000 in less than a month, they can gain a profit more than 10%.....Good profit I think.

Well it is not about blaming the whales but no matter how you look at it since bitcoin's price falls everytime large amount of bitcoins are being dump then the one who dumps becomes one of the reasons why. But ofcourse we cannot stop it since it is his rights to do anything on what he's holding.

Holding your bitcoin is the only solution for the future .If the whale sell their huge bitcoin,their may be some fluctuation in the market.But keep in mind,it is not permanent.This make some fluctuation in a market.Everything will be fine after a week.Don't do any panic selling.

i dont think they will sell bitcoin all they have together. they will watch and wait for the best time and moment to do that, if they want to do so.

Probably going to be another BTC dump; but there's no proof that these BTC will actually be sold right now. What if the bitcoin is just being moved between wallets for multiple possible reasons? To be completely honest people shouldn't panic about this though; sure, price can crash once more due to a possible dump, but these price crashes due to the MtGox dude is only temporary. At some point he's going to run out of BTC to sell.

Probably the reason lets 's see Monday what the market says. It could be just the usual weak hands selling their coins while in a crisis panic

It's very obvious, a situation like this can pull the market down. There's nothing we can do about it since its there move, its a business for them, maybe they already gained a lot so they are doing it. The best thing to do is to wait, as market price will and always regain after a dumping situation that happened today.

There are over 17 millions Bitcoins that can be sold.  Why would be this 140k particularly important? 

These number of bitcoin is low compared to the total supply. But some people are afraid all of them are sold at the same time and they want to take the advantage of short time trading. This causes many of bitcoins are sold even that bitcoins are not sold. Panic sellers also cause the price to fall more.

Mt Gox has sold plenty of times before. I hope it does not dip anymore or I might be a panic seller too lol.

Fully agreed with you Xester. but if htey all at once it will affect market so negatively and it will take time to recover.

We hope at that time there would be people who will be ready buying that millions of Bitcoins from Mt.Gox. That way no matter what they they do to their BTC there would be people who wants them more than they wanted to, and it will be a good part in us as it is not compressed in one account anymore, it will be liquidized to different investors.

these transfer news make the market shaking. people are so scared of mt.gox and that people are nightmare for the market.

I knew it was forbidden for them to sell until september this year according to the court decision. Am I wrong?

This news could push people to panic sell their holdings so for me this is another FuD. The bitcoin price movement these days are normal and I don't believe that mt.gox is still holding that big amount of bitcoin. Look at the movement of the price last week if they saw the price was increased they should sell even small amount of bitcoin that could affect the price.

What I saw here they are using the mt.gox to push people to sell. If you are investor you must be stay calm and don't believe in any fud's. Don't let fud's to control your feelings make your own research before you decide to sell you bitcoin.

I read in cnnn that it sold 8,000btc. And yes. This selling of bitcoins has a huge impact on the price. The more there are bitcoins in the market the lesser the price will be. If mt gox would decide to sell all 140,000 btc this will have a humongous impact on the price of btc. But i don't think mt gox would do that. It would wait for the price to somehow recover before they will start selling again. All we need is another whale wanting to buy a whole lot of bitcoins at a lower ratw.

Mt.Gox is The sword of Damocles hanging overhead ,in the short term ? will it kill the bull market ? Should it be punished ？

Just Relax. There is no reason to panic as they wanted to sell their bitcoin at a higher price. Maybe, There are lots of whales waiting for mt.gox bitcoin to be eaten. If you know what I mean. This is just beginning of bitcoin and I'm optimistic. After the Consensus 2018, there will be more money pouring into bitcoin

waaw it's a fantastic amount, if it's true that he has that amount, and he will sell it, beware of the possibility of bitcin prices going to freefall it can happen ..

what is there to panic? people have a lot of IFs, WHAT IF and so forth. people are overthinking so far that it’s no longer healthy. life is short. why bring excess baggage? relax. bitcoin is here to stay.

They are to be blamed more likely to the on going market crashes and if they continue to sell their remaining bitcoin then I think the market would just continue to crash harder and the only thing we could do is to grab the opportunity of bitcoin's lowered price or just wait for the market to recover.

The 8.6% fall is probably not due to Mt. Gox selling alone. Panic selling due to the FUD that police raid South Korea exchange might also contribute to it.

Do you have links for this alleged 140000 Bitcoin that still in their wallet? this for us to be inform well of this dumping moves and be able to ride on it. As what i have read in the news it is $8,000 not $6,000 https://www.ccn.com/8200-btc-moved-from-mt-gox-wallet-possible-sell-off-affects-bitcoin-price/ that have been sell-off so therefore they have remaining $132,000 for their future disposal in which we need to ride on maybe thru sell high and buy it low again or any strategy that will work to avoid losses.

yes if he sells all the bitcoin he owns it will be very influential on the bitcoin price, but it seems he will not sell it all at once.

MtGox sold Bitcoins for $ 70 million and the BTC rate collapsed by almost 10 percent. I think MtGox will sell the remains of its bitcoins in parts so as not to crush the crypto market. After all, they have to pay off their debts, so they are benefited by the high price of Bitcoin. In any case, MtGox remains the winner, because in 2013, bitcoin cost a little more than $ 1000 and fell to $300.

Mt Gox has been selling coins long before anybody knew about it and nothing  changed about the price except the fact that it kept on going up. but at some point in the middle of their selling (after a couple of months had past and price has been rising all that time) price rise stopped and reversed, by that time everyone was talking about how they are selling and crashing the market, obviously a pure bullshit.

this is just whale manipulation of the price and nothing more. and it will continue to be just that whether Mt Gox coins move or not. even if that wallet empties then they will find another whale's wallet to spread the same FUD. and if that fails there is always the old FUD about how China is banning bitcoin :D

It already killed that bull market right? Because the price is under $9K already. Well as far as I know, he supposedly need to get like a court order before he can offload the coins. So we don't know if he followed it or not. If he didn't then he has to answer to the court and explain why he did it again.

Yes, its very clear that they need to liquidate it so that they can pay their creditors. Of course he will eventually needs to sell everything, but the main issue that I'm seeing is the timing of the sell-off. We are about to have a break out run at $10K. He could have waited till the price goes above $10K. Anyways, the damaged has been done already.

I think traders overreact to this news because not necessarily 6k Bitcoin will be sold in the near future, If they are serious to selling Bitcoin
I think they will not let the price fall because it will make their Bitcoin cheaper. The only solution to this problem is not to panic

This kind of news can be exploited by whales, they can take advantage of this news by selling their Bitcoin to create market panic and buy back at cheap prices

Low compared to total supply?  Come on. Total BTC supply is planed to be 21 millions in next 100 years ( I believe that will change and will be higher at end).   

How can you call that low? Now is 17m and last 4m will be here in 100 years.  How is 80% low?

When there's a batch of bitcoin that was sold like more than 1000, there will be an economic effect to it.

That can lead the price to go down and make everyone panic but this isn't the first time that this happened. This issue has never been dead, you are just adding fear to the crypto newbies.

No solution to this one, panic sellers must calm themselves and just watch or ride with the market.

not because panic is just a trend where the price may fall in the near future if this week is not really above $ 9000, I think that price will go down over the next few weeks

I think people still fear that Mt. gox may sell a significantly high amount of bitcoin at a cheap price to drag down the bitcoin price to a very low level. They begin to sell because of impatience. But I believe Mt gox cannot continually bring the price of bitcoin down, even if the have half of the bitcoins in the world right now. They can't sell everything for pennies and no matter how much bitcoin they release into the general market prices will still climb up. 

It's better that they are doing the sell-off at this rate. We would not want them to dump hard their bitcoins while it is already soaring to $100k. Just let them because their efforts are only for short term effects.

There is no solution to this because we can not prevent anyone to sell the bitcoin they hold. The decisions we can make now to respond to sales made by Mt. Gox is never to panic when bitcoin prices start to move down and continue to confident with the speculation that each believe in bitcoin prices.

for now the bitcoin price is falling, but maybe next year will rise again because the bitcoin is like a bubble, and maybe the bitcoin market will not fall.

So that is why bitcoin dumping and there are 140000 bitcoin remaining in Mt.Gox wallet? oww let's expect another dump again I hope that not all sell their bitcoin in this year.

Maybe it's a coincidence because with the large amount of bitcoin to sell and I think it's very influential on the decline in bitcoin prices. How to overcome it needed big investors to be able to buy a lot of bitcoin that they buy. 8)

Mt. Gox has dumped their bitcoins many times over the past six months, which is the cause of a sharp drop in the market, and I think the biggest impact is psychological because such dumping will make the market panic in a short period of time. I think the market is still in a downward trend. At this time, try not to increase investment.

Well crypto currency is not only depend on bitcoin there's some more coin like ETH, Bitcoin Cash, Monero, and some other alt. If its gradually fall down i will either sell my all bitcoins or exchange with alt. For me ETH is the second best investment after bitcoin so doesn't matter if the bitcoin fall down or completely finish, i will never leave crypto currency.

what are you on about :D
when bitcoin falls altcoins fall harder down. if you look at the bags you are holding you can see how much money you have been losing on these altcoins. for example your Ethereum bags have lost nearly 80% of their values and it is not even stopping there. it is continuing down and is headed to $100

 ;) ;) You have stopped selling now. When you see the price increases, leave it. Prices will increase once in a while. Keep confidence.  ;) ;)

It would better if they used under the counter trades, I guess this is what they are doing anyway. Last time they sold en mass at the exchanges the value tanked so they will want to avoid that otherwise they will be left with nothing

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I think it's absolutely impossible that the ethereum cost 100 dollars. This is an absolutely incredible forecast. This simply can not happen. If this happens, I will buy the ethereum for all the money that I have.

Such a large amount of exposure to the market will greatly affect the value of the BTC. The sale of bitcoin has a huge impact on prices. The more bitcoins on the market, the lower the price. If a gox decides to sell all 140,000 btc, this will have a huge impact on the btc price.