Big Dumper Mt.Gox Trustee !!

[oxonhu]

As you know MtGox got hacked and many people lose their btc  ( total around 744k btc). some people like Dr.Chris and his father lose 9500 btc.. Than investor blame Mtgox for this hack and wanted back their money. in the end Japan court says Mt.Gox will pay those ''money'' back and as investors want their money back not btc so the court has said 1 btc = $400. before Mt.Gox shut down website they moved btc to cold wallets and its around 200k btc. check here cold wallets ;
http://gaelb.alwaysdata.net/MTgox_watch_CW/index.html

Since trustee sold 35k btc and 35k bch ( in some news says around $400million worth btc and bch) btc dumped..  
https://www.coindesk.com/mt-gox-trustee-sells-400-million-bitcoin-bitcoin-cash/

you can check report from Mt.Gox Trustee ; https://www.mtgox.com/img/pdf/20180307_report.pdf ( roll down a bit for english version)

The Trustee (https://www.zerohedge.com/news/2018-03-07/bitcoins-tokyo-whale-sells-400m-bitcoin-bitcoin-cash ) has enough sold btc&bch to cover creditors. After now there will be another court or meeting and final result will be publish for what do to other 166k btc&bch .

So guys be ready to big pump ? is dump over ?

what do you think ?

[shinratensei_]

As you know MtGox got hacked and many people lose their btc  ( total around 744k btc). some people like Dr.Chris and his father lose 9500 btc.. Than investor blame Mtgox for this hack and wanted back their money. in the end Japan court says Mt.Gox will pay those ''money'' back and as investors want their money back not btc so the court has said 1 btc = $400. before Mt.Gox shut down website they moved btc to cold wallets and its around 200k btc. check here cold wallets ;
http://gaelb.alwaysdata.net/MTgox_watch_CW/index.html

Since trustee sold 35k btc and 35k bch ( in some news says around $400million worth btc and bch) btc dumped..  
https://www.coindesk.com/mt-gox-trustee-sells-400-million-bitcoin-bitcoin-cash/

you can check report from Mt.Gox Trustee ; https://www.mtgox.com/img/pdf/20180307_report.pdf ( roll down a bit for english version)

The Trustee (https://www.zerohedge.com/news/2018-03-07/bitcoins-tokyo-whale-sells-400m-bitcoin-bitcoin-cash ) has enough sold btc&bch to cover creditors. After now there will be another court or meeting and final result will be publish for what do to other 166k btc&bch .

So guys be ready to big pump ? is dump over ?

what do you think ?

Remember the dumpers are saying about he was aiming to get a high price to sell them all as soon as possible. That means he will be trying to make a regular dump to the market. I think that he sold a lot of amount of bitcoin when bitcoin reaches its peak around 20k. But i gonna thinking if he will be waiting for another recover again. 166k bitcoin and that a really huge amount. I'm not sure about the dump is over. But just waiting for the final result what will be happening with the rest.

[Gaben.]

It is interesting that he chose to market sell them, which would indicate that the end result was that he sold the bitcoins into many hands. Alternatively he could have sold them to some centralized whale holder.

This is a very healthy thing for the guy to do imo. Nobody likes prices going down but the satisfaction of knowing some billionaire manipulative warmongering fucktwat didn't get it all behind a closed curtain is somehow just so reassuring to me.

We're all gonna make it

[adroitful_one]

It is interesting that he chose to market sell them, which would indicate that the end result was that he sold the bitcoins into many hands. Alternatively he could have sold them to some centralized whale holder.

This is a very healthy thing for the guy to do imo. Nobody likes prices going down but the satisfaction of knowing some billionaire manipulative warmongering fucktwat didn't get it all behind a closed curtain is somehow just so reassuring to me.

We're all gonna make it

As long as the money went towards actually paying the people that got scammed, I guess i'm happy with it. I don't think this was the only reason for the dump though. So I highly doubt it's completely over with yet. But, I think we're getting pretty close to it being over.

[bearex]

Lmao i guess he is dumping every day at 17:30 from now on check out the drops at that time each day.

[parobber]

It is interesting that he chose to market sell them, which would indicate that the end result was that he sold the bitcoins into many hands. Alternatively he could have sold them to some centralized whale holder.

This is a very healthy thing for the guy to do imo. Nobody likes prices going down but the satisfaction of knowing some billionaire manipulative warmongering fucktwat didn't get it all behind a closed curtain is somehow just so reassuring to me.

We're all gonna make it

I would speculate actually that whales bought up more of it and probably in turn have accumulated even more bitcoin. When the price dumps it's not the little guys who buy up the cheap coins, it's the big whales. By causing the fear in the market he will have caused so many people to dump and the whales buy all of those coins up as well.

[Gaben.]

It is interesting that he chose to market sell them, which would indicate that the end result was that he sold the bitcoins into many hands. Alternatively he could have sold them to some centralized whale holder.

This is a very healthy thing for the guy to do imo. Nobody likes prices going down but the satisfaction of knowing some billionaire manipulative warmongering fucktwat didn't get it all behind a closed curtain is somehow just so reassuring to me.

We're all gonna make it

I would speculate actually that whales bought up more of it and probably in turn have accumulated even more bitcoin. When the price dumps it's not the little guys who buy up the cheap coins, it's the big whales. By causing the fear in the market he will have caused so many people to dump and the whales buy all of those coins up as well.

It's speculative to assume that the people who had buy orders in wait that were dumped on have now sold. Sure mm's are moving in to buy now just as much as weak hands would sell around now, or at least think about it. No shame in sitting on a loss. For one I haven't sold since months and bought just a few weeks ago.

Weak hands get shook out, law of nature, but I'm certainly not the only one looking forward to a ride down while more people pile in.

[mummybtc]

I don't think the seller will be that daft to crash the market because he or she wants to see at good price, I think he is selling it as the price rally, he must be aiming for an average price of something like $10k. I think with the look of think it might take around a month before the market absorb all these extra BTC

[Imfinnabeon]

I don't think the seller will be that daft to crash the market because he or she wants to see at good price, I think he is selling it as the price rally, he must be aiming for an average price of something like $10k. I think with the look of think it might take around a month before the market absorb all these extra BTC

Well if some people got a good price of 6k Bitcoin and it got re-distributed to many hands, those are both good things. It will make hodling easier for those who got in at a good price as well I like to see adoption for BTC so we can spend it. Last thing I want is the rich to get richer here, I am in it for the betterment of humanity.

[leea-1334]

It is interesting that he chose to market sell them, which would indicate that the end result was that he sold the bitcoins into many hands. Alternatively he could have sold them to some centralized whale holder.

This is a very healthy thing for the guy to do imo. Nobody likes prices going down but the satisfaction of knowing some billionaire manipulative warmongering fucktwat didn't get it all behind a closed curtain is somehow just so reassuring to me.

We're all gonna make it

I thought the same too! You could probably even get a bank or a big exchange to agree to OTC trades wholesale, rather than just eating up the orderbooks. Or was this part of his plan to press the price down so he could get some for himself? It could be just the conditions of the court ruling too, though, so that everything was transparent.

So yes, like you said. For the better good of us all.

[JetSet11]

I'm okay with this, as long as the money goes to helping those who lost their money. It's good to see a potential happy ending come from this.

[VuValley]

This is one of the main drivers of the recent market conditions without a doubt. While its controlled the volume is substantial enough to cause avalanches.

I doubt they will stop now so well probably be absorbing this for a good part of the year.

With alt forks included we are looking at somewhere between another 2-2.5 billion USD liquidated before the market can attempt to normalize again.  

MT Gox the gift that keeps on taking.

Put Karpeles in jail, give the people back their money.

[goldboxe]

Where do they find the right to sell?

[Edward Finney]

I think we have allot more huge funds liquidating to absorb yet. The same mt gox trustee has another billion dollars alone. The dump may be over for now, but another will come for sure, hopefully at a time when bitcoin won't be affected

[kim-yon]

So far as the market had to get used to it. I hope the criminals are detected as soon as possible.

[Yuuto]

If they decide to compensate the investors for the rest of the coins, which they should instead of just walking away pocketing a good sum of change, then expect a fall in bitcoin and all bitcoin forks.

And i'm talking about bitcoin gold, bitcoin diamond, bitcoin cash, all of them.

It'll take a while but when the news come out, I would expect some panicked investors making irrational decisions and selling with the dump instead of buying the cheap coins they are dumping(if they decide to sell the rest as well).

[Saisher]

Lmao i guess he is dumping every day at 17:30 from now on check out the drops at that time each day.

Yeah I think so there should be transparency on all this and a rule if they are going to sell their Bitcoin dumping like this is not good for the price, but hey this is a good opportunity for whales to get more bitcoin at a good price.

[auliahr]

Accident in mt gox was 4 years ago and during that time they are very smart to hold it. I guess they will not do a dump anytime soon and they will wait until the highest price is reached. If they intend to get rid of it now, I think the market will get seriously jammed and I'm sure there's another purpose from that.

[kindbtc]

I hope they will not dump the remaining btc anytime soon, they should lock them up for few years only then we can expect bullish btc again otherwise if they put these huge number of btc for sale market can slip down even badly.

[light22man]

So that's why bitcoin fall so long this guy just sell bitcoin on market and dump and dump again. Maybe we need to do something about it?