I believe the dumps are over

[BillyBobZorton]

The MTGox trustee should know by now that he is the most hated man on Bitcoin. If no one has told him already, he must have seen some news.

If he doesn't stop, he is going to end up dead. I don't think Bitcoin $billionaires are enjoying this shitshow. So I think from now on he is going to go OTC as he should have done, unless Nobuaki Kobayashi wants to keep gambling with his life for god knows what reason.

I predict that the next week we will see some kind of official statements of sales going OTC. The market must take around 48 hours to digest these news and a bottom will be called. Buy the dip as usual.

[1714263882]

1714263882

[1714263882]

1714263882

[buytheeffinD]

Obviously nobody in the space is going to love what he did, but is it all bad? I know we don't want price to decrease but getting that bitcoin into multiple hands rather than a couple whales seems like it is better overall to me.

Also why do you say his life is threatened? I doubt somebody is going to go after this person because of them doing their job...although I know how some certain NFL kickers are treated after they miss a big kick and this is much bigger than that.

[BillyBobZorton]

Obviously nobody in the space is going to love what he did, but is it all bad? I know we don't want price to decrease but getting that bitcoin into multiple hands rather than a couple whales seems like it is better overall to me.

Also why do you say his life is threatened? I doubt somebody is going to go after this person because of them doing their job...although I know how some certain NFL kickers are treated after they miss a big kick and this is much bigger than that.

You don't seem to understand the difference between market sales and OTC sales.

When big amount of coins are counterfeited by authorities, they should be doing OTC auctions in order to not crush the savings of everyone involved in Bitcoin. If they do, they are doing their job like an amateur or they are doing it in purpose to piss off Bitcoin holders, which means that they are attacking Bitcoin, which means that the guy responsible for doing this should be considered to be in danger, because Bitcoin holder which have billions invested on it aren't going to simply sit back and watch a single guy crash the market when they could be going OTC as they should.

[LFC_Bitcoin]

Obviously nobody in the space is going to love what he did, but is it all bad? I know we don't want price to decrease but getting that bitcoin into multiple hands rather than a couple whales seems like it is better overall to me.

Also why do you say his life is threatened? I doubt somebody is going to go after this person because of them doing their job...although I know how some certain NFL kickers are treated after they miss a big kick and this is much bigger than that.

You don't seem to understand the difference between market sales and OTC sales.

When big amount of coins are counterfeited by authorities, they should be doing OTC auctions in order to not crush the savings of everyone involved in Bitcoin. If they do, they are doing their job like an amateur or they are doing it in purpose to piss off Bitcoin holders, which means that they are attacking Bitcoin, which means that the guy responsible for doing this should be considered to be in danger, because Bitcoin holder which have billions invested on it aren't going to simply sit back and watch a single guy crash the market when they could be going OTC as they should.

What does a hitman cost, willing to chip in.

[Proton2233]

Why such hatred to one person. You really believe in what he alone could topple the bitcoin market capitalization around $ 500 million? I don't believe that. I think it's made by the joint efforts of many whales. But I am sure that after the coins disperse on the hands of other users, the price will recover and go up.

[Sazakan]

This happens all the time in the stock market and is going to happen a few more times but this is not all thaaaat bad on the long run and i  believe Proton and buy got that right. The less whales, the safer the value.

[michkima]

Well he's still going to offload 1.9 billion worth of bitcoins and bitcoin cash based from the news. I don't think he'll be able to offload that through OTC methods. If it would be possible it would probably take a really long time to do so. Since this is a governmental action, I would say they will need a quick and easy way to dispose of the property. Which means he will rely on exchanges to do it.

[fabiorem]

Well he's still going to offload 1.9 billion worth of bitcoins and bitcoin cash based from the news. I don't think he'll be able to offload that through OTC methods. If it would be possible it would probably take a really long time to do so. Since this is a governmental action, I would say they will need a quick and easy way to dispose of the property. Which means he will rely on exchanges to do it.

It is possible to auction it. Even if takes some time, it can be done and will not crash the market.

[Jating]

The MTGox trustee should know by now that he is the most hated man on Bitcoin. If no one has told him already, he must have seen some news.

If he doesn't stop, he is going to end up dead. I don't think Bitcoin $billionaires are enjoying this shitshow. So I think from now on he is going to go OTC as he should have done, unless Nobuaki Kobayashi wants to keep gambling with his life for god knows what reason.

I predict that the next week we will see some kind of official statements of sales going OTC. The market must take around 48 hours to digest these news and a bottom will be called. Buy the dip as usual.

100% agree. This dude has been dumping since December as per reported that's why we get the clear picture right now. This bearish trend now identified who is the culprit and yeah, he is considered to be the hated man right now. He could have done OTC or work with Gemini or other trusted exchanges on how to liquidate this huge amount.

I guess this lawyer trustee doesn't know a single thing how this market operate and such action by him will cause a significant dent on the market. Or maybe he knows, but he doesn't give a f**k.

I really don't know what his intention if its done with good faith or not. But he better stop his this shit and I don't know if Japanese regulators can step in and put a temporary halt on the bitcoin slide.

[dothebeats]

Obviously nobody in the space is going to love what he did, but is it all bad? I know we don't want price to decrease but getting that bitcoin into multiple hands rather than a couple whales seems like it is better overall to me.

I don't know about you, but permabears would love his act since they have found an ally for a few months that would help alleviate the stress on their shoulders. Also wealth distribution is good, but constantly bombarding the price in exchanges, especially if you have been offered to sell OTC isn't likable at all.

Also why do you say his life is threatened? I doubt somebody is going to go after this person because of them doing their job...although I know how some certain NFL kickers are treated after they miss a big kick and this is much bigger than that.

Probably those who have their positions near the top of the ride and was highly affected because of the guy who panic sold even at the bottom. There are tons who believed that bitcoin would still push to $30k during that insane run and have bought loads at $15k above, and these are the people that would surely want to take a piece of that guy--literally.

[aardvark15]

The MTGox trustee should know by now that he is the most hated man on Bitcoin. If no one has told him already, he must have seen some news.

If he doesn't stop, he is going to end up dead. I don't think Bitcoin $billionaires are enjoying this shitshow. So I think from now on he is going to go OTC as he should have done, unless Nobuaki Kobayashi wants to keep gambling with his life for god knows what reason.

I predict that the next week we will see some kind of official statements of sales going OTC. The market must take around 48 hours to digest these news and a bottom will be called. Buy the dip as usual.

This is just a temporary drop in price which happens to coincide with a recent price crash. These two events happening together amplify the negative affect. I still think it’s possible for Bitcoin to get back to $20,000 this year and I think it’s going to be a big year for several of the better altcoins that are transitioning from developing to actual use cases.

[nipplechild]

The MTGox trustee should know by now that he is the most hated man on Bitcoin. If no one has told him already, he must have seen some news.

If he doesn't stop, he is going to end up dead. I don't think Bitcoin $billionaires are enjoying this shitshow. So I think from now on he is going to go OTC as he should have done, unless Nobuaki Kobayashi wants to keep gambling with his life for god knows what reason.

I predict that the next week we will see some kind of official statements of sales going OTC. The market must take around 48 hours to digest these news and a bottom will be called. Buy the dip as usual.

100% agree. This dude has been dumping since December as per reported that's why we get the clear picture right now. This bearish trend now identified who is the culprit and yeah, he is considered to be the hated man right now. He could have done OTC or work with Gemini or other trusted exchanges on how to liquidate this huge amount.

I guess this lawyer trustee doesn't know a single thing how this market operate and such action by him will cause a significant dent on the market. Or maybe he knows, but he doesn't give a f**k.

I really don't know what his intention if its done with good faith or not. But he better stop his this shit and I don't know if Japanese regulators can step in and put a temporary halt on the bitcoin slide.

Totally, 403 Million in pure selling pressure, can and did crash the bitcoin price. It's not like everyone puts their bitcoins on exchanges, i bet the float is below 10%. This tells me 2 things, either kobayashi is a terrible trader (because he dumped them in massive lots, very quickly) or there are insiders shorting the market. I bet there were a few people in the know that made a shit-ton of money shorting those violent drops.

They better go OTC from here on out.. I'd be scared for my life If I was this guy. The amount of angry Koreans that bought the top. Yikes

[bitcoin31]

I hope so that bitcoin price again will increase so we can get a lot of profit.  But this is the best time to buy more bitcoin because once the price increase it will continue.  Grab this opportunity now. But if the price of the bitcoin decrease more better to buy more bitcoin now and for sure the price become very high again because many people buy bitcoin if the price decrease more.

[bbc.reporter]

The MTGox trustee should know by now that he is the most hated man on Bitcoin. If no one has told him already, he must have seen some news.

If he doesn't stop, he is going to end up dead. I don't think Bitcoin $billionaires are enjoying this shitshow. So I think from now on he is going to go OTC as he should have done, unless Nobuaki Kobayashi wants to keep gambling with his life for god knows what reason.

I predict that the next week we will see some kind of official statements of sales going OTC. The market must take around 48 hours to digest these news and a bottom will be called. Buy the dip as usual.

100% agree. This dude has been dumping since December as per reported that's why we get the clear picture right now. This bearish trend now identified who is the culprit and yeah, he is considered to be the hated man right now. He could have done OTC or work with Gemini or other trusted exchanges on how to liquidate this huge amount.

I guess this lawyer trustee doesn't know a single thing how this market operate and such action by him will cause a significant dent on the market. Or maybe he knows, but he doesn't give a f**k.

I really don't know what his intention if its done with good faith or not. But he better stop his this shit and I don't know if Japanese regulators can step in and put a temporary halt on the bitcoin slide.

I am sure they can investigate if they wanted to. The trustee's actions might have malicious intent, and it clearly is affecting the whole cryptospace very badly.

But I also reckon that this is a concerted action, the government included, to keep the price down. Whatever the motive is, we know that it invloves profit, nothing else.

[entrepmind23]

As what I've read, there is still 180,000 BTC left from that Mt. Gox Trustee that is yet to be disposed so if he wants to then he can crash BTC again but after he exhaust all of the BTC he has then we can expect BTC to ride the rocket again to the moon. He may choose to do it over the counter though because his life may already be in danger if he do it again. Since we cannot do anything about the price unless we are a whale then we should just take this opportunity to load up as much as we can because this may be the last time we will be able to buy at this price.

[omonuyak]

If one person can bring bitcoin price to the level it is today then we are in denger. I also believe that his life is not in denger because of what he has done but we should see him as a treat to the development of blockchain technology because what he did was an attacked to the cryptocurrencies.

[Saidmod]

As what I've read, there is still 180,000 BTC left from that Mt. Gox Trustee that is yet to be disposed so if he wants to then he can crash BTC again but after he exhaust all of the BTC he has then we can expect BTC to ride the rocket again to the moon. He may choose to do it over the counter though because his life may already be in danger if he do it again. Since we cannot do anything about the price unless we are a whale then we should just take this opportunity to load up as much as we can because this may be the last time we will be able to buy at this price.

More or less 180,000btc my info was 160k btc and it is totally a treat to the whole bitcoin investors and whales whatever he wants to do we have no control with it. I am just trying to buy at dips and hoping that it is over like the OP said. Then if not we should prepare and wait for the following news.

[pooya87]

i am still not convinced about this news saying this single person crashed the market because a lot of things don't make sense to me.

first of all his purpose was not to crash the market because he did not benefit from any kind of crash.
think about it, the news tells us he was selling to have money to pay others.... in other words he didn't want the price to drop so he can buy more bitcoin, he wanted the price to go up and stay up so he could get more money out. someone with this motivation doesn't crash the market and will do everything in his power to prevent that as a matter of fact.

secondly, i say unless he was selling on all exchanges he couldn't have caused any kind of crash whatsoever because simply put if you dump on one exchange price may go down there but it won't follow on all exchanges. and as i explained above you don't just go around and fuck the market up to cause yourself a lot of loss.

third, the news also told us he started selling months ago. and if i am not mistaken when i checked the date versus the price, bitcoin price was around $4000 when the news said he started selling. this means price was $4000 he sold, it went to $5000 then $6000 and so on and he was selling, it went above $10000 he was selling, it went to $20000 and he was selling,... so are we ignoring all these sales during the biggest rise of last year and still say he caused the crash?

and finally people who want to sell a lot of bitcoin and get the money while not paying taxes and get stuck in exchanges and pay huge ridiculous fees, and a lot of headaches, they don't use exchanges. they go elsewhere and make their trades behind closed doors and when you trade anywhere but exchanges you don't affect the price at all.

[Fafabol]

Why such hatred to one person. You really believe in what he alone could topple the bitcoin market capitalization around $ 500 million? I don't believe that. I think it's made by the joint efforts of many whales. But I am sure that after the coins disperse on the hands of other users, the price will recover and go up.

I believe so that these big whales are up to something and they're not yet done with all of their drama. And I'm sure they will just get the price to recover so there's somebody who'll buy again and just dump again their bitcoin until it all done. Those dirty works are not yet done so better be prepare your money to buy more cheaper.

[mike4001]

Still BTC price much higher than it has been since last year.

You can't bring this argument forever ...