Bitcoin Forum

bitcoin prices dropped to such an extent and I see prices fall because MTGOX sells some of its bitcoin and I hear the issue that bitcoin has very much bitcoin in excess of 100,000 Bitcoin that is still stored and can be a time bomb for bitcoin prices.

so is this true because of the act of MTGOX who sell bitcoin?
if that is true then it is terrible.

Mt.gox decided to stop selling bitcoins and instead of giving fiat back, they'll be giving them in bitcoin so this should no longer be a problem.

Even If they were still selling, don't you think that If their exchange never got hacked, the price would've been the same as now because the coins would've never left the market in first place so there will be more supply?

As far as I know, he haven't decided it, he was told to do so. But it's will be near Q2 2019, so MT.GOX dumping ended.

you need to read ALL the news not just the FUD parts and then discard the rest.
https://news.bitcoin.com/the-mt-gox-whale-explains-his-crypto-selling-strategy/

the FUD part was all during the drop which they scared you into thinking just because Mt Gox trustee is selling bitcoin then price is falling. but they didn't tell you all the facts. facts such as them selling bitcoin from mid 2017 which was the heat of the rise and price still continued going up.
facts such as them not even selling on the market (on exchanges)!

We claim that the blockchian is a decentralized environment. Decisions would not be influenced. So if the man decides to sell his bitcoin, does it call for FUCK?

It's funny because he says that he was selling on different dates from the ones when the coins were moved from mtgox addresses, but these dates correspond with huge dumps. So, he indirectly caused panic. People saw Gox addresses being emptied and dumped their coins creating even greater panic and making people think that it's Kobayashi selling. This whole market is like a house of cards. You don't even have to blow, sometimes it falls on its own.

It's not a problem now because hey have stopped dumping and won't be doing so for another year. However, they probably started this bear market so i agree with the OP!

Mt.gox has decided to stop selling and you should be grateful for that, because if it continues you think it will be good? Because coins are never leaving this place

Well if you've been keeping yourself updated, mtgox isn't going to make a selloff since they're  now supposed to give back the btcs that their previous users lost in the debacle. And it's not until next year. And we aren't even sure if these users will all sell their bitcoins once they receive it.

if you read the previous comments you can see that they were never the cause of the drop and drop began way before even the news about Mt Gox selling came out. not to mention that they were selling a long time before the drop even began.

is it a good thing for them to sell? it is the best thing because it is a way of distributing the coins that were in possession of one entity. in other words 1000 person holding 1BTC each is better than 1 person holding 1000BTC.

Blame it on MT.GOX
- https://youtu.be/K2ku1A5Ox8U

The proudhon song (bitcoin is a bubble)
- https://youtu.be/A7TuFy0fcuw

Events like they do not even sell in the market! People see Gox's addresses being emptied and pouring their coins creates greater panic and makes people think it's selling Kobayashi.

The problem with the market is that each time a whale sells bitcoins, there is always a dip in prices and it affects the entire market.the problem is not just Mt Gox. Bitcoin need to be decentralized

Bitcoin is not decentralized.  Adam Back owns it.

existence of whales has nothing to do with being or not being decentralized! whales are just those people who were willing to invest a large amount of money in bitcoin while you were too scared to buy it and now they are benefiting from having a lot of money and their effects on the price is not as much as you would think.

pretty awful but still the bitcoin price will stay up from time to time,
do not worry about the price down hehe, but take advantage of the opportunity to buy bitcoin and sell it at a price rise