Where does it say that the government will get paid a chunk from that BTC stack?

In any case, my point is that the people involved in the loss of the Bitcoins, including Mark Karpeles and associates, should simply have a transaction of the same amount of BTC lost at that date, back into an address they control, in other words, they should get their coins back, without selling them.

I don't see why the government has to get any money out of that stack, and if they do, don't do it at the expense of ruining the victims, take it from Karpeles' stack.

Oh well, I just realized that Mark Karpeles can't get his 88% (and the rest of MtGox shareholders get their stack too) unless Kobayashi sells it first on the USD equivalent right? well on that case... then yes, the coins must be sold.

But again, this is insane. The fucktards on the government should be sending the coins to the owners, not selling them and giving them USD equivalents. Fucking scammers.

Let's just hope Kobayashi goes OTC for the remainder of the coins, otherwise like I said he may end up dead.

As far as I now, I remember reading that the coins have been sold already at an amount enough that they can cover all the losses of creditors.

Therefore the remaining coins will go 88% for Mark Karpeles and the rest to the rest of the people holding shares of MtGox's company.

Karpeles will go to OTC if he wants to sell some, or he will end up dead.

It's pretty funny, if you do the actual calculations, you will see that holders of bitcoin that lost money no MtGox and are still waiting to get their coins back, have lost more money getting their lost MtGox money back (due the trustee dumping big amounts to cover losses) than if they didn't get the money back.

This is incredibly insane. First of all, they should get their BITCOINS back, not damn USD equivalent at the date of the loss. They are basically let some guy to dump the coins for them.

Due the holder's losses due the dumping and the unfair fact that they didn't get the coins back, it's obvious that something is very wrong. Would a class action lawsuit against the trustee and everyone involved in this insanity process prosper? They should look into that.

If Karpeles wanted to sell a big chunk, or any coins at all, given that his coins are in known wallets, he would be smart enough to not sign up on any exchange and go OTC.

The guy whose life is at highest risk right now is Kobayashi, the MtGox trustee. If he is found to be still dumping in exchanges, someone's going to get pissed off at that and it isn't going to be pretty. Btw, we just had another one of these big red candles, I wonder if if he is involved. I don't want to start thinking that every sharp fall is the guy dumping but who is to say at this point. We can't know until they make an official statement that they are still selling or they went OTC already. Anyway but every dip ever.

Comedy or not, there's a ton of FOMO related actions in bitcoin, as much as FUD related actions. A lot of market participants use their emotions more than logic, because most people involved in bitcoin don't even know what it really is and what it's goal is, they just have heard that in the future it will be worth a lot (which it will) but they also hear a lot of "experts" claiming it's going to 0, so these market participants go between these 2 mood states in psychosis attacks triggering big dumps and big sales. Smart money buys the dips generated by these guys which don't understand the fundamentals, and hold on it's increasing bitcoin stacks.

Wow, I made this thread only 12 days ago and we are already past 1000 lightning network nodes, impressive:

https://lnmainnet.gaben.win/


This shows that the growth we are seeing is not linear but exponential, which means that we are going to hit 10000 nodes rather soon.

I predict 1 million nodes by 2020 at this rate, which a very high price per bitcoin, probably near $100,000. Things are bright for bitcoin, let the panic sellers do their job and buy the dip.

You need BOTH.

With Bitcoin, you are just sitting on an asset, it doesn't give you dividends or anything, you are just hoping it goes up in price, which it will, but still, it's good to diversify.

With real estate, if you have a nice house, you can rent it and basically make a living off renting it, since it will cover all of your expenses for the month, this will give you an extreme peace of mind. A nice house or a flat in a nicely located place will always have queues of people wanting to get in. And in a period in which no one is renting it, you can still live in there.

I would love to see Bitcoin go 6 figures so I can buy a property just with a single BTC and hold the rest. Of course, I would need to pay massive taxes on 6 figure gains, so in order to cover taxes, I will most likely need to cash out 2 BTC... I hope we can get to 6 figures in the next years since it's pretty realistic.

Well, according to recent developments, somebody is buying in and is buying in bigly:




This huge buy order must be some whale picking up the cheap coins, because most likely the trustee from the MtGox already got told to either stop dumping on the markets or else he'll end up dead. Not worth it to be rich when you are dead isn't it?

Now we are most likely going to see a recovery. There's the possibility that a bunch of idiots still keep panic selling nonetheless until an official statement by the Japanese government about their trustee going OTC is made tho, but you make money when you buy, you can't wait for the news to hit.

Not every drop, but this one is obvious, just look at the graphs and look at the amount of coins sold, the sales order coincide with the drops perfectly, it's a match:



These sharp drops are too much of a coincidence to be casual, when they happened the same day that the big sales of the coins happened. Remember that Bitcoin is still young and a lot of people holding it are panic selling idiots. So all it takes is some big whale to start a domino effect and people do the rest.

Well, we fell from $9485 to $8689... I just hope this guy isn't still dumping the MtGox coins in an exchange. Kraken shouldn't even allow him to keep doing this. The guy was told to go OTC and he ignored the advice as I've read on the pdf linked by gentlemend. If this doesn't prove that the guy is an amateur or a governmental agent attacking bitcoin... then I don't know what will.

And the greatest irony of this is that the creditors are losing more money than if they didn't get paid their money back, mostly because most people involved in MtGox are holding Bitcoin and their investment went down big time because of the dumps. I wonder if he could get a class action lawsuit for this bullshit.

We may be in another period similar to 2013-2015 where "nothing" happened, which means, an excellent opportunity to stack up on cheap bitcoins for a long time. Im sure that anyone that has been here for a long time will see it as good news. We were getting to carried away too fast with too many idiots getting on board, specially the ones that buy bitcoin to buy shitcoins. All of these guys need to be shaken out of the market and these coins re-distributed again into the hands of the smart, long term holders, until the next bull run which I expect will be to around $100k in the next 2 to 3 years, perhaps triggered by a big financial crisis which is already looming on the horizon.

In any case, buy the dip, ideally buy monthly if you can afford it.

Im relatively new to markets. Before Bitcoin I had no idea about most things economy wise, but since I have been in Bitcoin for a while, I have had a training program in the form of the MtGox crash, where I saw it go from $1200 to near $100... this was the biggest crash of all times in Bitcoin, which is why all these guys screaming doom about any further crashes seem like a joke to me.

Once you've saw it drop 90%, then recover to go almost x20 of it's current ATH... how the hell can people fear Bitcoin failing? it has shown how it can recover from death itself. It's a matter of having a strong hand.

I think the next step on attempts to decentralize exchanges is to actually not host them on servers, so maybe with payment channels and lightning network stuff one could program a exchange that is actually peer to peer without the need of someone hosting the entire scheme in a server which could disappear while you have an ongoing trade, and also having to trust an escrow.

Of course, this would be crypto to crypto exchanges, I don't think there's a way to solve this with fiat, since fiat is the old system, you cannot expect decentralization in the process.

Also, places like LocalBitcoins are becoming increasingly dangerous with many agents trying to ruin your life if you want to cash out some BTC to pay some bills, so beware.

You never know with altcoin exchanges, they are even more dodgy than the usual big exchanges like Coinbase. And even then, all exchanges are now becoming altcoin exchanges too, with Coinbase supporting shitcoins like BCash. Im sure Brian Armstrong teamed up with Roger Ver and Craig Wright to pump BCash. Im glad to see that they are getting a class action lawsuit. We'll see if they can keep playing games with people's money. Im tired of seeing shitcoin pumpers while damaging Bitcoin in the process.

It makes perfect sense, actually.

Amazon could buy the MtGox stack from an US gov auction, so everything is under legal terms. Once the OTC purchase is done, Amazon announces to the world that they are now going to accept Bitcoin. These news would for sure make the price go x10 minimum. Since Amazon bought a big 100k+ BTC stack OTC, their stash would be worth well over a $billion when they announce it, more long term.

That is what I would do if I was Jeff Bezos, but Bezos is too much of a stuck up cunt to aknowledge the importance of having a big stake on Bitcoin so I doubt he will bother. He will realize the mistake of not bothering years from now.

This pic was very revealing to me:



I can't believe this dumbass logged in to some exchange and sold an insane amount of bitcoin in batches instead of going OTC like he should. There must be some sort of insider trading going on. This guy has to be an agent hired to crash the bitcoin price because governments were getting scared at the bull run. If it wasn't for this, we would be at 30k by now.

I don't believe in coincidences when it comes to big money flows. Someone has made a lot of money out of this. Insider trading has happened im sure. This is insane.

The trustee has been selling in batches, not "months ago":



As you see, the last sale was very recently, and it was the biggest one at 6k.

Apparently he has to sell to pay the creditors, THEN the remaining coins will go back to Karpeles, or that is my understanding, which is pretty shocking, since we will be at the mercy of this fat ass selling or not. I hope he isn't dumb enough to crash the market.

I see.. I mean it's possible that he was just panic selling.. or not, we don't know what was on his mind or in his agenda. He could have been bought by someone that hates bitcoin in order to sell at certain times.

In any case, who is this creditor and why does he has this money? how can Court stop him from selling? did the US government or the Japanese government ever get all of Gox coins? I lost track of this case a long ago.

If they have the creditor controlled then why was he allowed to sell if it's not to pay the victims? I have so many question about the MtGox drama.

Last time I heard about MtGox news is that somehow Karpeles managed to keep a ton of BTC and he was now free and a billionaire which was pretty crazy to find out.

Edit: K, i just found it's some guy called Nobuaki Kobayash.

It's not only binance, apparently MtGox related shenanigans are happening:

https://www.mtgox.com/img/pdf/20180307_report.pdf

If someone knows japanese, the info should be there.

To my understanding, coins are being sold because they will pay creditor back, which means the saga will be over.

Something in my tells me that Roger Vermin is once again involved in this bullshit tho. Why the fuck he sold most of it at the bottom?

https://captainaltcoin.com/now-we-know-who-sold-the-bottom-at-6k-and-tried-to-crash-bitcoin/

Looks very hostile to me, and still, we went back to 10k.