Bitcoin Forum

if japanese liquidate 200K gox coins:

https://i.imgur.com/jegU1Pz.png

Ridiculous. The market has no chance to get back at 0.50$ even with a huge dump like this.

Good call, hope you didn't start shorting when you posted this.  ::)

bring it don't sing it

Bitstamp is not Bitcoin. The surge would be temporary, but no one would sell 200k on exchanges.

Don't rule it out.

The combined USD / BTC volume for the three main exchanges stand at 60,000 BTC / Day. If we add up the minor exchanges as well, the volume will go over BTC100,000. Also, there are other currency pairs as well... such as EUR / BTC, JPY / BTC, RUR / BTC, and most significantly the CNY / BTC. Does anyone know about the volumes of localbitcoins?

True story.

I just saw .50 USD/mBTC on bitcoinity.

yeah just dump it at low prices, many ppl will happily buy it and price will go up again  ;D

lol mBTC  ;)

haha there should be another sub-section in this section.. that will be called 
"Wild Speculation" where members can post threads like this and threads claiming btc to 100k :p

Why would I be against getting my bids filled at $0.5? Liquidate now!

They do it already, slowly. I bet they sold most coins. Why should they drop 200k coins and sell them that cheap if they can do it slowly and get $500 per coin. That als may be the reason why we´re stuck at the 400-500 range...

Gov aggencies auctioning for a reason, they cannot send Bitcoins to some unknown entity in foreign jurisdiction without regulation.

Why are you even posting that? If you think they are dumb enough to place a 200K market order, place your stink bid over BTC 10K@$0.5 and wait for it to fill.

few will surely do that to tryout there luck.. ! :p not at 0.5$ but maybe a lil higher as the news spreads everywhere..! that no one knows how true it is. I'll the news is totally absurd .

If they are going to liquidate it would be more likely that the Winklevoss twins buy Mt Gox assets for a few million (bargain bitcoins).
Bitcoins will go into the trust and bitcoin gets more scarse and price goes up and not down.

lol i suspect they wouldn't sell all at once as that would really limit the amount of funds they can get from liquidating.

1. Sell at low point for past 5 months.

2. Sell all at once to $0.50


lol

Why would they sell through an exchange, anyway? If I'd wish to either sell or buy more than 10K, I'd do it OTC, F2F.

Yeah.

Sure.

So a liquidator with liabilities up to its tits is going to send its coins to a far off land to a shaky exchange, destroy the price completely and then be told that they've been unverified or that the money has gone.

Go smoke some more crack u moron

or.....


Go fuck yourself you ANTI bitcoin agent !!!

Those coins will be sold slowly, not all at once. Even if auction

wow ..some form of seasonable response

Why dont you use your skills for good apart from evil and give a positive outlook

Since we are in the zone of relgion "Jesus said I am light and I am the way" use your powers for good not for evil :D

This is a nightmare(wanted to call it a dream because i dont think it can happen but its a bad one too so let me call it a nightmare). At least not in this generation

iTS Really cool that to that the man on the street he see's bitcoin for what it is.. power to the people

Why do cosmtard & y307.8988 want to be the bad guy in teh movie ... repression and denying justice to people ... serial killers may have a better moral compass that you rejects

Go FUCK yourself ..you degenerates ..we see who you are and what you stand for ..repression & control of the ordinary man

Humans basic instinct is for harmony...as is any ecosystem...same as bitcoin ...it is beauty personified ... you cunts want to be the devil and agents of a repressive regimen .fine do that ..but own up to it ..you cunts

BITCOIN is > than the dirty dogs that you are !!!

YipYip take your medicine for calm...

And to OP: Never read bigger BS like that...

If they want sale that mass on coins, they put it on a paper wallet and sale to a private investor like winklevoss for 50-70% under market. Easy as that, no matter to sale at 0.50$.

AGreed ... but crazy deserves a crazy response :D

even better what about .. JP authorities sell gox-btc like .... it could rise the price since it will became collectables

http://bitcoinexaminer.org/wp-content/uploads/2013/05/web_100_casascius_bitcoin_bar.jpg

In light of OP's post, and my generous nature, I am announcing that I am purchasing EVERY available bitcoin at $1.00 each.  This more than double OP's predicted value of bitcoin! 

Step right up!  First come first served!  But all will be served!

Am sure you did not understand where the nightmare part was, you know our English might not be from the same region, anywhere, my point was that the person who said BTC is going to $0.5 is just but a dreamer and he is having a bad dream

Only an idiot would believe this. If the bitcoin holder is idiot enough to sell it on one go, it would not even reach $10 and would go back to 300 - 400 after one month. Everyone knows that this price is temporary.

Most provably this would be sold on auction and has little effect on exchanges.

People must be really bored.

Of course they are. Their coins are barely worth more than they were yesterday.

 :D

i will buy the 160 k leftover coins after the dump to 0,50$

mr/mrs gox liquidator, remember me when u are selling


tbh bitcoin @0,50$ is prolly a wet dream for alot of ppl

why should the coins be liquidated? Gox owes coins so they will be distributed  ::)

Bitcoin goes down to 0.50, people start buying like crazy due to the low price - value is restored, correct?

at 0.50 the amount of demand will be so large that bitstamp will not even be able to process all the trades.

... or hows about we dont go down to 50c and value is maintained because the market is forward looking  ;)

everyone will sell everything to buy it when it reaches 1USD so no chance of 0.50USD  ;D

Yes of course, but just a theoretical scenario where this happens isn't really that bad is it? That's the point i was trying to make :)

 ;) oh I see, late to the party was I? :D

Sorry what? Is there some sort of typo in there that's making this statement very hard to comprehend?

We need a Fantasy board.

It's already here, called Speculation.

What's the big deal? Miners create 200,000 BTC every 55 days.

Your point being? What does that statement have to do with the topic?

Ok guys.

I make a BID:

200'000 BTC @ $1.00

So yeah, it will never flashcrash to this price!

And if it does, I'm right here, ready to buy buy buy till everything is restored back to normal. :D

Considering the fact that miners conjure up bitstamps entire bidbook every 5 days and this hasn't crashed the price. The 200k gox coins are irrelevant.

Second off, nobody will market dump 200k on Bitstamp. Why? Because bitstamp will never pay you out. Owners are already in flashy cars, while hitting withdrawals with AML/KYC excuses.

Third off, this assumes no side fiat enters to provide bids. 200k coins is like what 48hrs of volume on some days? That is nothing.

Fourth, this assumes Mt.Gox even had 200k BTC. Mt.Gox is posting theoretical balances from when bitcoin was worth a few penny's. Seriously the realistic victim losses are closer to $10-15million USD, nowhere near $100-500mil. Mt.Gox order books had what, 40k btc on them back in Spring 2013? By the end of the year it was closer to 20k btc. Are you really going to believe 180k BTC were idling around an exchange that has had warning signs for 8months prior?


 Bitcoin has also never had more then 50mil on all exchanges combined in available fiat bids, and that is being generous. Bitstamp is lucky to see over $10mil of active bids.

Mt.Gox is old news.

Not now, they hold it for decades and dump them all, that will hurt, by then it will destroy trillions of market value

However, if they indeed have that amount of bitcoin by then, they don't need to cash out. And I'm afraid the exchanges and banks won't allow that amount of cash flow either

Bitcoin wouldn't be $0.5 even if SHA-256 was completely cracked by the NSA.

Cracking SHA-256 would only allow you to insta-mine until all 21million are mined.

Bad news >:( >:( >:( >:( >:(

Oh, no you don't. No way I'm missing out on these cheap coins. I bid $1.25. ;D

If this happened, the blockchain would be rolled back and frozen just prior to the first problematic block.  A new proof of work would be incorporated into the Bitcoin protocol with a new version, and everything would continue.  This would only be a temporary outage for a few hours.  It would be much more problematic for miners, however.  ASIC owners would need new hardware.  GPU owners would run the game once again.

What is bad news? Did you only read the OP and not the comments explaining why he's wrong?

This is what I thought when I read the topic title :P

Some people are too stupid. How many people would buy at 1$/btc? I would buy at least 1000. But noboby can know that. I don't make a buy order at that price at stamp for never getting filled. I would get no interest or gains for that $1000.

So, noboby can know how many coins needs to get dumped to get to such low prices. I would guess even if all states forbide it, we would not go below 1$. Ok, maybe Bitcoin gets surpassed my an more advanced technology in one day but so far Bitcoin has no real competitor in its field...

Yuup, once again someone trying to deliberately make the price unstable by spreading rumors.

+1! A call for 50 cents is too extreme for the regular speculation section :)

Haha I'd definitely vote for that section. Get all of the nut jobs out of the way from this section. :D

YEA! Liquidate them all! Cheap coins. I was too cheap to buy at $5 when I knew I should, I'm sure as hell going to buy them at $0.50! I'll buy all the way down! WOOHOO! GOXX'EM!