Bitcoin Forum

8,214.97744 BTC was transfered to 1LncfoCX1yzuiW3hzejarvgZ1WahnAQ4o4 from MTGox BTC cold wallets on 2018-5-10,  today about 2070 BTC of them is transfered to 3DzSVk4veMCkNbNT9CdETeE26uWxmNbBnD, it looks like an exchange hot wallet. Whose wallet is this?
can someone tell me MTGox BTC was sold to which exchange in last two years?

nobody care this case, WTF！

"MTGox is selling" is just a new kind of FUD, and some people are trying  to manipulate the market with this FUD. They want other people to panic and sell their coins low, so manipulators can buy them and sell later. People shouldn't care about minor news, it's a good way to lose money if you trade by reacting to them, instead people should have a good long term strategy that ignores minor fluctuations. Time has proven that all these hacks, government bans and other stuff doesn't matter in the long run, so people should never panic on this market.

So this can be the reason why the market is shaking again?

Agree, they are making us believe that there's something big when there are news like these.

is just a new kind of FUD, and some people are trying  to manipulate the market with this FUD. They want other people to panic and sell their coins low, so manipulators can buy them and sell later. People shouldn't care about minor news, it's a good way to lose money if you trade by reacting to them,

I don't want to make panic, I just want to know more.

I'm really so tired of this news, making bitcoin failing for breakout and panic sell. Hopefully end soon.

What can we expect? next time when there's a famous person that sold his bitcoin, they'll put it on news.

Just like the way what Bill Gates did, after shorting there are news that covered his sold bitcoins. I don't know why this is still a big deal. Yes it adds supply to the market but all of us are getting tired of the same news that are spreading FUD to the community.

It's definitely make a tired to heard that news.
Well I completely convinced that there's many people wants to put bitcoins down, that's why they spreading a FUD. I'm sure there's another news will appear, if there are popular person are sell their bitcoins lol.

And I think they are happy on what they are doing right now. The price starts to plummet and it has reached down the $7k line again so I've seen it back now to $7,891.

These news are literally getting to my nerves and there's no mean to stop them. They are liking it this way and for sure they are doing the same as before, buying at the dip and will eventually sell it when the price goes up a little bit.

MTGox BTC is on sale to which exchange within two years. I do not know about it myself.
All I know is, 8,200 BTC Moved From Mt. Gox Purse, Possible Sell-Off Affects Bitcoin Prices
The Mt. Gox trustee. who was assigned to sell about 200,000 bitcoins after the bankruptcy of the now-defunct cryptocurrency currency exchange. Gox, is thought to have dumped 8,000 other bitcoins in the cryptocurrency market.

not as much as you think. this subject has been discussed a lot in the past and people don't care that much about Mt Gox anymore. and it has never been the real cause of the drops. it is the manipulation that comes after the fact.


you can't cause panic even if you wanted to. a random topic on bitcointalk has never caused any kind of panic because nobody looks at bitcointalk to decide what to do about their bitcoins, they look at  the price and the charts. and those who care about Mt Gox coin are looking at the coins not topics here ;)

But is it proven that it is "not FUD" though? If coins from the trustee's wallet truly moved then what do you believe was he doing besides selling those coins? Plus how would you explain the dump in the exchanges?

At any rate, buy the dip. 8)

People are getting used to this gimmick by MTGox since the beginning of this year they (MTGox) had been dumping huge amount of bitcoin into the market thus causing "FUD" however its seems the impact is not being felt in the recent times as more hodlers are unperturbed their actions.

Generally I do pattern my action and decision base on rumor and gossip. We know what bitcoin is, it potentials both present and future why do we have to worry or even try to dump our precious bitcoin just because someone decided to sell his or her bitcoin.

one word: Panic

the cause of the panic has never been important. it can be anything and it changes every now and then. for example around $14k until $9k the panic was because of a lot of FUD saying "{blank} banned bitcoin". the {blank} was a lot of things including Facebook,... and different countries. I even heard "Japan banned bitcoin" among them :D
before that, last year around $3k-$5k it was the "anybody can spend your coins because of SegWit" FUD.
before than it was "bitcoin is gonna split and die" FUD
among these there were all the spam attacks against bitcoin and the scaling drama.
before that around $1800-$2500 it was "Bitfinex is pumping bitcoin, tether is the only reason it is rising" FUD
before that around $1200 it was the "bitcoin is a bubble" FUD and "this is like 2013" FUD.
before that around $700 it was "Bifinex got hacked and hacker is dumping all the coins" FUD
before that it was "China banned bitcoin" FUD.
before that it was "Bitcoin is a Ponzi scheme" FUD.
before that around $20 it was "bitcoin is a bubble" FUD
.....

each of these caused panic and investors dumped their bitcoin and caused the crash not any imaginary dump by one person like the Mt Gox trustee in this case.

If the y want to sell their holding let them do that. Even if this is the reason for dipping, though I think we are more struggling with the demand at this point. The faster they sell the better. If you think about this more for a second these bitcoins will be sold eventually like it or not. Let them sell if they cause panic selling, good go and grab some cheap bitcoins out of this. As from dome sources I've read so far they've been doing this this year and that's okay if they want to sell let me hem sell. We don't have the power to stop anybody to do what they want to do.

This amount of Bitcoin is mined every 4.5 days. Miners sell their coins to pay for hardware and electricity, so these amounts aren't really impressive.
The 24h trading volume (https://coinmarketcap.com/currencies/bitcoin/) is 681,001 Bitcoin, more than 80 times more than this sale.

did OP post this before or after bitcoin drops below $8k? :D
is he implying that this one single btc transaction caused the recent slight drop of bitcoin price?

it is just a diversion of issues so that the price of Bitcoin and Altcoins it turns and happens panic sell. then there are certain parties buy again at the bottom price and can say that it is FUD.

Any Exchange is free to own any Bictoin and free of charge wherever Bictoin is.

Maybe this selling of MTGox of bulk of  btc in the market  is the reason now,why should the price value of btc is consecutive dropping,and I thinks this is the reason why should we can feel always dumping of all price value now,its always in red flags especially bitcoin,because it's have a large stock in one exchange market of bitcoin and the domino effect of this last two years happen,we feel it now,actualy this is only my speculation correct me if I'm wrong.

All that then makes a stronger reasoning for making "buy the dip" a very practical trading strategy for Bitcoin. Plus it is a good store of value, why would anyone like to day trade it?

gradually people will get used to it, they will not sell it cheaply, people will not be
consumed an uncertain issue that will decrease the bitcoin price,

So now that the market is dropping again at the same time of this apparent movement of the coins owned by Mt Gox, are we gonna go through this madness of people selling a lot of their coins every time they make any sort of movement of every BTC they have? Plus with the market feeling the effects of the impending regulations, how long will this downtrend last this time?

Yes, I totally agree with you that MT Gox has sold many BTC and this is certainly the main reason for the dumping of price. They have still many BTC in their wallets and they continue selling in the future

This is one major FUD the martket has been suffering from. With time MTGox selling Bitcoin won't matter anymore. As long as there are people buying the bitcoins then we are all in business.

I have found some info that this BTC was selling through Bitfinex
But not sure about it

They want others to panic and sell their coins low, so the manipulator can buy them and sell them afterwards. Time has proven that all these hacks, government bans and other stuff are not important in the long run, so people should never panic in this market. Just like how Bill Gates did, after shortening there was news covering his selling bitcoin. Yes it replenishes the supply to the market but we all are tired of the same news spreading FUD to the community.

I have found some info that this BTC was selling through Bitfinex
But not sure about it
Thank you