MTGOX is one of the reasons for the fall of the market

[sliderider]

The MtGox sellers proves there is no liquidity in the system. Simply selling thousands of bitcoin on the market causes the price to collapse. It proves there are no real buyers on the other end of the transaction. The HODLers can't take their "profits" out because doing so would collapse the price.

[BountyGo]

Unfortunately market manipulation has been going on in every market since the beginning of time. The smaller the market, the easier to manipulate. And crypt is still relatively small, with too many BTC in the hands of too few.

[cryptomngr]

So they werent hacked back then it just to keep those bitcoins from their investors? what a greedy piece of shit.The market has crashed because the bitcoins were hacked as they have said few years ago? and now they have the bitcoins? LOL,that is pure manipulations and the founders of mtgox should be incarcerated for the rest of their lives.

[TheAlchemist]

It turns out to be an enchanted circle. Two years ago, thousands of people were deceived by the founders of the MTGOX exchange. And now, after 2 years, what do we see? They are again to blame for the fall of the market. Why was really it impossible to simply return to people their bitcoin and other cryptocurrencies? It would not have caused such a sharp fall. Just awful.

[ShareAccepted]

As you know the last six months, the MTGOX exchange sells its assets to cover debts for bankruptcy. How do you think selling such a large number of bitcoin and other cryptocurrencies has a big impact on the market drop? According to some reports, the exchange still has 166,344 bitcoin. And this is a hell of a lot of money. I think that this is one of the essential factors of price reduction.


UPDATE
https://www.ccn.com/mt-gox-trustee-sells-400-million-bitcoin-bitcoin-cash/

https://www.ccn.com/bitcoin-drops-8300-mt-gox-trustee-sell-off-continues-market-drops/

Bah, it is unlikely, just another FUD crap on the media. The market had to fall and I am glad because now we can start building a solid base instead of just jumping from coin to coin.

[nata777]

As you know the last six months, the MTGOX exchange sells its assets to cover debts for bankruptcy. How do you think selling such a large number of bitcoin and other cryptocurrencies has a big impact on the market drop? According to some reports, the exchange still has 166,344 bitcoin. And this is a hell of a lot of money. I think that this is one of the essential factors of price reduction.


UPDATE
https://www.ccn.com/mt-gox-trustee-sells-400-million-bitcoin-bitcoin-cash/

https://www.ccn.com/bitcoin-drops-8300-mt-gox-trustee-sell-off-continues-market-drops/

So this is a very bad news for us as investors, as soon as they began to invest in cryptocurrency. I think it's necessary to somehow limit such big players, because this is really a very bad situation.

[FLoving]

As you know the last six months, the MTGOX exchange sells its assets to cover debts for bankruptcy. How do you think selling such a large number of bitcoin and other cryptocurrencies has a big impact on the market drop? According to some reports, the exchange still has 166,344 bitcoin. And this is a hell of a lot of money. I think that this is one of the essential factors of price reduction.


UPDATE
https://www.ccn.com/mt-gox-trustee-sells-400-million-bitcoin-bitcoin-cash/

https://www.ccn.com/bitcoin-drops-8300-mt-gox-trustee-sell-off-continues-market-drops/

If that is the case then the dropping of the price is not any issue because it is only a particular group selling their coins and that is dropping the price. So with that we are confident that the businesses which are started with bitcoin have not left bitcoin and they are still their but only MTGOX is selling their bitcoin for to cover their dept. With that I will say that I am sure that the price of bitcoin will recover sooner.

[empowrofficial]

It's also redistributing large amounts of BTC to smaller holders. This should lower volatility long term as these big whales become fewer.

Good point - so there is a positive side to this hopefully.

[lenj]

As you know the last six months, the MTGOX exchange sells its assets to cover debts for bankruptcy. How do you think selling such a large number of bitcoin and other cryptocurrencies has a big impact on the market drop? According to some reports, the exchange still has 166,344 bitcoin. And this is a hell of a lot of money. I think that this is one of the essential factors of price reduction.


UPDATE
https://www.ccn.com/mt-gox-trustee-sells-400-million-bitcoin-bitcoin-cash/

https://www.ccn.com/bitcoin-drops-8300-mt-gox-trustee-sell-off-continues-market-drops/

If they have that huge amount and they sell them all yes of course it impact to recent bitcoin price.
Though bitcoin has very huge marketcap but by selling those much bitcoin in the same time,  we will see huge correction in bitcoin market.

[allcryptominer]

It's also redistributing large amounts of BTC to smaller holders. This should lower volatility long term as these big whales become fewer.

Good point - so there is a positive side to this hopefully.

I have to agree. This is a good thing all this BTC goes out on exchanges instead of one wallet controlling that big amount. And if the reason for selling is to pay the people who got scammed im all for it.

[arthurgrand]

Mt gox trustee method of dispatching their but coins was actually the problem that got the market into a complete bloodbath. Hopefully they will find a better medium of sale during their next sale off