Bitcoin Forum
November 14, 2019, 06:37:32 PM *
News: Help collect the most notable posts made over the last 10 years.
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: MT Gox Trustee Sold Half a Billion Dollars Worth of Bitcoin and Bitcoin Cash  (Read 47 times)
alyssa85
Legendary
*
Offline Offline

Activity: 1582
Merit: 1065

CryptoTalk.Org - Get Paid for every Post!


View Profile
March 07, 2018, 01:41:11 PM
Merited by Hydrogen (1)
 #1

https://www.trustnodes.com/2018/03/07/mt-gox-trustee-sold-half-billion-dollars-worth-bitcoin-bitcoin-cash

Quote
The MT Gox trustee has sold 35,841 BTC for $362 million and 34,008 BCH for $45 million according to reports coming out of a creditors meeting held earlier today.

Mark Karpeles, MT Gox’s former CEO, said the sums were “sold between December 2017 and February 2018 with the assistance of a bitcoin exchange.”

Little further detail is provided at this stage with a full report by the trustee providing no explanation why the funds were sold or why they were sold at this precise point.

A big sale like that could be the reason for bitcoin's downward pressure between Dec 2017 and Feb 2018.

 
                                . ██████████.
                              .████████████████.
                           .██████████████████████.
                        -█████████████████████████████
                     .██████████████████████████████████.
                  -█████████████████████████████████████████
               -███████████████████████████████████████████████
           .-█████████████████████████████████████████████████████.
        .████████████████████████████████████████████████████████████
       .██████████████████████████████████████████████████████████████.
       .██████████████████████████████████████████████████████████████.
       ..████████████████████████████████████████████████████████████..
       .   .██████████████████████████████████████████████████████.
       .      .████████████████████████████████████████████████.

       .       .██████████████████████████████████████████████
       .    ██████████████████████████████████████████████████████
       .█████████████████████████████████████████████████████████████.
        .███████████████████████████████████████████████████████████
           .█████████████████████████████████████████████████████
              .████████████████████████████████████████████████
                   ████████████████████████████████████████
                      ██████████████████████████████████
                          ██████████████████████████
                             ████████████████████
                               ████████████████
                                   █████████
.CryptoTalk.org.|.MAKE POSTS AND EARN BTC!.🏆
1573756652
Hero Member
*
Offline Offline

Posts: 1573756652

View Profile Personal Message (Offline)

Ignore
1573756652
Reply with quote  #2

1573756652
Report to moderator
The Bitcoin Forum is turning 10 years old! Join the community in sharing and exploring the notable posts made over the years.
IndzheborgC
Newbie
*
Offline Offline

Activity: 140
Merit: 0


View Profile
March 15, 2018, 03:46:36 AM
 #2

If you look at the turnover of bitcoin (BTC / USD) on coinmarketcap.com, then a little:
13 ... 23 billion turnover for this period, merged 10 million per day, or 0.077% ... 0.043%.

In terms of turnover, USDT is 1700 ... 4600 billion, then 0.59% ... 0.2%, however slightly.

For a correct estimation it is necessary to know what part of bitcoin is covered by the fiat currencies.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!