Bitcoin down ( Mt. Gox is dumping )

[NeverSop]

It's scary that one entity can do all this. Makes me fear what banks might do, since they can definitely profit from shenanigans.

The cryptocurrency market is dominated by wealthy speculators. The bad news and the deliberate push down prices of many investors can make the market fluctuate in the next time so I advise investors to calm down during this time, do not panic to sell Take your crypto and then buy it at a higher price.

[1715552552]

1715552552

[1715552552]

1715552552

[dektox]

It feels like this guy is using Bitcoin as an ATM now: whenever it bounces up a bit, someone sells off enough to make it drop further.

such amounts can be traded off-market. For example, selling only access to the wallet.

Nobody in their right mind buys second hand private keys.

Agree, I was wrong with my assumption...

[ranman09]

After some deep analysis I found out all Mt.Gox addresses where are remain BTCs founded in so call "lost wallet".Also I was able to identificate all selling transactions made by now and exchange where it happened.


Here is list of Gox wallets where remaining BTCs were stored:

https://www.walletexplorer.com/wallet/024cbb2c975d35b6 - 34215 BTC
https://www.walletexplorer.com/wallet/034d79b931e0414d - 32590 BTC
https://www.walletexplorer.com/wallet/039831609a0f0744 - 34423 BTC
https://www.walletexplorer.com/wallet/07b35b3d9f1166c2 - 34138 BTC
https://www.walletexplorer.com/wallet/069bf1296e5fd4a1 - 34500 BTC
https://www.walletexplorer.com/wallet/04cddc81214a1cf7 - 32240 BTC
--------------------------------------------------------------------------------------
Total: 202106 BTC remained



After some time BTCs were moved on numerous addresses,where each one contains 2000 BTCs. Here is a list of these addresses where these BTCs are stored now:

19c8sUa54yQuRTVDfJa3iDkkCaFkzBJLPB - 2000 BTC
1HdKXsNQtzDcfB6PGM7DWTgX9vhBWsz1ak - 2000 BTC
1MvpYtqgBH7CXbTutrSVCTNHPzm9vakuRy - 2000 BTC
18M1Z337NqLtK9V69bssnQUYsvb7hmfSFS - 2000 BTC
1NA3Tj4b1jtx9eGELe31Jw4DrzTqKP3ayH - 2000 BTC
1BXyJc6BVuTFnHQCcjiWX2xmCPNVfaSZeb - 2000 BTC
1BzK87zuqidZn489Wb2oLSktrjKrX7TLKe - 2000 BTC
14p4w3TRCd6NMRSnzTmgdvQhNnbrAmzXmy - 2000 BTC
1KFDUSZuapMv7YaDmL6cyrHTQhma1MtFYs - 2000 BTC
1DedUxzgwErg4ipNi988wPgLk5thwciKcc - 2000 BTC
1Pq7hooZbEAz5y3QMnqFY8C5xqTdrjUwcA - 2000 BTC
1FhRuUkk8Bfx8FJDemtxhKAR4F8GCNKrXG - 2000 BTC
1Drshi4RAuvxk4T6Bkq959ZvLbvy7b1wvD - 2000 BTC
13xGCc4TPSYY9GYxBGVNox82KxyjkFnxMX - 2000 BTC
1Hb8DmmvvtTYv5RBLuGtDxznkZwVpd5Vjy - 2000 BTC
13ahgw8sM95EDbugT3tdb8TYoMU46Uw7PX - 2239.87 BTC
1EiiKCCnFgHjEvPZdu29qqgdBm8zTvpU3U - 2214.87 BTC
1LXi3x7hyt17cxncscGE887WCrC6XDNZ4P - 2000 BTC
155FsTtEFq4eGCcBxDseuwLKPbmtWbyHJR - 2000 BTC
1AZu7TQmKBAes2duNDctYwjAB9nhHczUnA - 2000 BTC
1Fu4YgM3Y9CxvioGPqkSzkydAC8MVaPN1D - 2000 BTC
1439q4Na8v88kPBqoyg8F4ueL9SYr8ANWj - 2000 BTC
18KDS3q6a4YV9Nn8jcyMvNoVPfcrfemeag - 2000 BTC
1Hm6XDmhKCHz68wDEYTapN9MEanke8iwUk - 2000 BTC
1EK8vW7UYaYHKiW4TZmYJKtwcZLM14VjvP - 2000 BTC
1B6kJM75iu5ty1HAHMMz6tT1HhjoGNTCa9 - 2000 BTC
1CRjKZJu8LvTutnSKq4zTJ4yiqrzMAArYW - 2000 BTC
16W4XcUAKPmSES9MiUCio28msSCp8rDZgs - 2000 BTC
17KcBp8g76Ue8pywgjta4q8Ds6wK4bEKp7 - 2589.87 BTC
18ok25NTkdrUzdByFJCNVsqVYkujZ8aP45 - 2000 BTC
1JVU43LNKXqa9W5fCh8tppxDDEWgfeNg46 - 2000 BTC
1JVU43LNKXqa9W5fCh8tppxDDEWgfeNg46 - 2000 BTC
18hcZVFPqDNAovJmb9vA6hEJrDz6uWXNGh - 2000 BTC
1HweN9p41BY2RBunsPqyVuheEq7gVoxA9u - 2000 BTC
16w6sZBDP58yyeyZAcvnxcEGJpwR9amM6g - 2000 BTC
19Cr4zXpKw43xLJhFZW9iv4DDNtQk2TDeB - 2000 BTC
1C5aU4Xnpd3txbxehk46UZgiuNB8QdpHCH - 2000 BTC
15kNZcrhxeFZgVVLK2Yjzd69tRidbFdJEZ - 2000 BTC
1Ar6meJQCkNoC9wnPcyRNNpzX5fBDaGcKd - 2000 BTC
17etv2L3nhk6SCcWSNW4eoZkBy84izAm17 - 2000 BTC
15QcKCa84ZCHxbsqXDoKhi5XbmQB8jPEAd - 2000 BTC
1MkyfwJf7uhWTmVGGQXfcT5ip31DoHMxsz - 2000 BTC
1JVmoJT3471FjsX5H4hAeR1RyrDgpkHbpm - 2000 BTC
1LS5EFRRMDgMQusW6zokQUHjzNUfy6HHCQ - 2000 BTC
199Yxz2TJGtND3QKsHTptTJivqSaUZBvku - 2000 BTC
1PxGTuJzDx1ceFHx4Z5CHaWuhiPBNovmZD - 2422.87 BTC
17Tf4bVQaCzwWrDWGRPC97RLCHnU4LY8Qr - 2000 BTC
13sXfpp2V16nnxYvW9FHHoBdMa3k98uJw8 - 2000 BTC
1JztCg7eKSkb1vi7NzGJynXpLZmoaFtYud - 2000 BTC
13dXFMyG22EsUsvaWhCqUo7SXuX7rBPog6 - 2000 BTC
13Wv5hGhubAWgSPWtXYh6s1s7HX2N1psYg - 2000 BTC
14mP6caC5dFhHdVAPCjPKM8Nm36MBDR5pM - 2000 BTC
18YDgRhxsomuBZ1g9d8Y1JuRmxDhF8Bvff - 2000 BTC
1GyDutntMuYyA2vQGW5HFcKLfx4cbDdbJq - 2000 BTC
1N5X4kcZ56uRh24XrZoztS9Vb8G7j1Joop - 2000 BTC
1JtgU6Uo1RAt5eiMf34EehyatUezBQP36C - 2000 BTC
16jZZkMYqjUWUtQ9DfDvHdH5ko5BcnH9XQ - 2000 BTC
1HuPVqz2xvf1rdNFUqd62vRTyxP3jeX9Ch - 2000 BTC
12KkeeRkiNS13GMbg7zos9KRn9ggvZtZgx - 2000 BTC
1H4K3dGfNbAN4AUfyUrpkGpjrd83sntDpV - 2000 BTC
1HzEPuenagLEWj68igDXBBXrzc293RuR5V - 2000 BTC
12T4oSNd4t9ty9fodgNd47TWhK35pAxDYN - 2000 BTC
195HvmjXgoF3M5vFaBC8swZPhwrE7VhxRD - 2137.87 BTC
1Mm9brripN4RPTzkGnRrbt5uDWdqbfk2iX - 2000 BTC
1LzwbLgdKd4eFLkpRdeajkH1YJkVCip2zj - 2000 BTC
1MPJJzRaT8vLhowNB4dVyWRxxu79dq7WkB - 2000 BTC
19eihBKk6e5YD2QXAe4SVUsxRLLnTDKsfv - 2000 BTC
1CZsoJfkknbnW5fKrt1oR7N1ALE5WmDGP1 - 2000 BTC
1GkZQcDy8V6pmHFZqUBUBCnN9dc2hoWasD - 2000 BTC   
14USZ558Rr28AZwdJQyciSQkN4JT1cEoj2 - 2000 BTC
15SeCwVCFx5cWyrcdD1Zp1D1zxjH2SELPg - 2000 BTC
15U4VsmWG1cdXAtizvQsW4r7iMxzp64Tgu - 2000 BTC
1BDZBTb4KE5oq6wAgA6EvAe3uCFRrAbPao - 2000 BTC
1LueUjEuBgc7cQhsWT8zAfTjcWmrNBZXaR - 2000 BTC
1FrV9hv1AW34BGJvobJatyzUWYDWB9epRW - 2000 BTC
156HpsWfgkWYLT63uhTAGUSUF3ZMnB9WWj - 2000 BTC
1HX4s3JeFU3x1eQgPNQVAdx6FoCtbb1hr8 - 2000 BTC
19KiFrafXEyJCUDYFEv3B6tBUwyfFo7kNU - 2000 BTC
1PRXQEoL8vzEzoJJ9hbtAP6NaV2daccAUn - 2000 BTC
1G23Uzwj55k2A9TRwaTknqGav66oDTkWCu - 2499.87 BTC




 Here is a list of wallets and addresses where were BTCs which are sold from December 2017 till now:


1PwETHgRoVLdoL3TsMPuMGNVjKZCSie3kH - 2000 BTC - spent
https://www.walletexplorer.com/wallet/28c42a1e0b94a5cf - 8000 BTC - spent
https://www.walletexplorer.com/wallet/18571bf81dce70a0 - 18000 BTC - spent
https://www.walletexplorer.com/wallet/290a8d043b51908e - 6000 BTC - spent
https://www.walletexplorer.com/wallet/3cf7835edb1e1a76 - 6000 BTC - spent

In total 40000 BTC were sent to exchange,but not all of them were sold.
All BTCs were sent to Bitflyer exchange.Due to way of transactions handling,there is no doubt,they had technical assistance from Bitflyer.

All BTCs were sent on these addresses: 1MaUVgXCgdXLkmXwQ4WDek5yaK86zYXw2q (16000 BTC),   17wwq5PYiimNxCTfSydWu55aXjpDsXF21W  (1956 BTC)  and   1A4WkrgES6tfWCkx4rLbpKrweGeQkRXMy6  (22044 BTC)



List of dates when selling occured  and amounts involved in that:

18.12.2017 - 2000 BTC - Bitflyer
22.12.2017 - 6000 BTC - Bitflyer
17.01.2018 - 8000 BTC - Bitflyer
02.02.2018 - 6000 BTC - Bitflyer
07.02.2018 - 8000 BTC - Bitflyer
09.02.2018 - 10000 BTC - Bitflyer
Total sum: 40000 BTCs

So does this all mean they are just making the price go down? So they still hold all those BTCs?

[Jico79]

in the marketplace who have the money they always makes the little more money headaches. but not so shaken the will, by market not determined by a hands-dumping that it depends a lot of other things. perhaps dumping is an idea of those who have more money. must accept only

[adiksau0414]

Yeah, read this news also. This is really sad to hear that this is because of this hacking. I am not sure whom will I mad of, mt gox or the hacker. But I know mt gox don't like what happen but they have they flaws also for not hiving their site the best protection. And for the hackers the karma is always around so just wait for it. For the price, yeah I ma expecting it also to lower its price. This is kinda annoying because I hold my bitcoin knowing it will reach in much higher value. But  I guess I have to wait again. Maybe in the end of the year we can see the real increased.

[thunderjet]

After some deep analysis I found out all Mt.Gox addresses where are remain BTCs founded in so call "lost wallet".Also I was able to identificate all selling transactions made by now and exchange where it happened.


Here is list of Gox wallets where remaining BTCs were stored:

https://www.walletexplorer.com/wallet/024cbb2c975d35b6 - 34215 BTC
https://www.walletexplorer.com/wallet/034d79b931e0414d - 32590 BTC
https://www.walletexplorer.com/wallet/039831609a0f0744 - 34423 BTC
https://www.walletexplorer.com/wallet/07b35b3d9f1166c2 - 34138 BTC
https://www.walletexplorer.com/wallet/069bf1296e5fd4a1 - 34500 BTC
https://www.walletexplorer.com/wallet/04cddc81214a1cf7 - 32240 BTC
--------------------------------------------------------------------------------------
Total: 202106 BTC remained



After some time BTCs were moved on numerous addresses,where each one contains 2000 BTCs. Here is a list of these addresses where these BTCs are stored now:

19c8sUa54yQuRTVDfJa3iDkkCaFkzBJLPB - 2000 BTC
1HdKXsNQtzDcfB6PGM7DWTgX9vhBWsz1ak - 2000 BTC
1MvpYtqgBH7CXbTutrSVCTNHPzm9vakuRy - 2000 BTC
18M1Z337NqLtK9V69bssnQUYsvb7hmfSFS - 2000 BTC
1NA3Tj4b1jtx9eGELe31Jw4DrzTqKP3ayH - 2000 BTC
1BXyJc6BVuTFnHQCcjiWX2xmCPNVfaSZeb - 2000 BTC
1BzK87zuqidZn489Wb2oLSktrjKrX7TLKe - 2000 BTC
14p4w3TRCd6NMRSnzTmgdvQhNnbrAmzXmy - 2000 BTC
1KFDUSZuapMv7YaDmL6cyrHTQhma1MtFYs - 2000 BTC
1DedUxzgwErg4ipNi988wPgLk5thwciKcc - 2000 BTC
1Pq7hooZbEAz5y3QMnqFY8C5xqTdrjUwcA - 2000 BTC
1FhRuUkk8Bfx8FJDemtxhKAR4F8GCNKrXG - 2000 BTC
1Drshi4RAuvxk4T6Bkq959ZvLbvy7b1wvD - 2000 BTC
13xGCc4TPSYY9GYxBGVNox82KxyjkFnxMX - 2000 BTC
1Hb8DmmvvtTYv5RBLuGtDxznkZwVpd5Vjy - 2000 BTC
13ahgw8sM95EDbugT3tdb8TYoMU46Uw7PX - 2239.87 BTC
1EiiKCCnFgHjEvPZdu29qqgdBm8zTvpU3U - 2214.87 BTC
1LXi3x7hyt17cxncscGE887WCrC6XDNZ4P - 2000 BTC
155FsTtEFq4eGCcBxDseuwLKPbmtWbyHJR - 2000 BTC
1AZu7TQmKBAes2duNDctYwjAB9nhHczUnA - 2000 BTC
1Fu4YgM3Y9CxvioGPqkSzkydAC8MVaPN1D - 2000 BTC
1439q4Na8v88kPBqoyg8F4ueL9SYr8ANWj - 2000 BTC
18KDS3q6a4YV9Nn8jcyMvNoVPfcrfemeag - 2000 BTC
1Hm6XDmhKCHz68wDEYTapN9MEanke8iwUk - 2000 BTC
1EK8vW7UYaYHKiW4TZmYJKtwcZLM14VjvP - 2000 BTC
1B6kJM75iu5ty1HAHMMz6tT1HhjoGNTCa9 - 2000 BTC
1CRjKZJu8LvTutnSKq4zTJ4yiqrzMAArYW - 2000 BTC
16W4XcUAKPmSES9MiUCio28msSCp8rDZgs - 2000 BTC
17KcBp8g76Ue8pywgjta4q8Ds6wK4bEKp7 - 2589.87 BTC
18ok25NTkdrUzdByFJCNVsqVYkujZ8aP45 - 2000 BTC
1JVU43LNKXqa9W5fCh8tppxDDEWgfeNg46 - 2000 BTC
1JVU43LNKXqa9W5fCh8tppxDDEWgfeNg46 - 2000 BTC
18hcZVFPqDNAovJmb9vA6hEJrDz6uWXNGh - 2000 BTC
1HweN9p41BY2RBunsPqyVuheEq7gVoxA9u - 2000 BTC
16w6sZBDP58yyeyZAcvnxcEGJpwR9amM6g - 2000 BTC
19Cr4zXpKw43xLJhFZW9iv4DDNtQk2TDeB - 2000 BTC
1C5aU4Xnpd3txbxehk46UZgiuNB8QdpHCH - 2000 BTC
15kNZcrhxeFZgVVLK2Yjzd69tRidbFdJEZ - 2000 BTC
1Ar6meJQCkNoC9wnPcyRNNpzX5fBDaGcKd - 2000 BTC
17etv2L3nhk6SCcWSNW4eoZkBy84izAm17 - 2000 BTC
15QcKCa84ZCHxbsqXDoKhi5XbmQB8jPEAd - 2000 BTC
1MkyfwJf7uhWTmVGGQXfcT5ip31DoHMxsz - 2000 BTC
1JVmoJT3471FjsX5H4hAeR1RyrDgpkHbpm - 2000 BTC
1LS5EFRRMDgMQusW6zokQUHjzNUfy6HHCQ - 2000 BTC
199Yxz2TJGtND3QKsHTptTJivqSaUZBvku - 2000 BTC
1PxGTuJzDx1ceFHx4Z5CHaWuhiPBNovmZD - 2422.87 BTC
17Tf4bVQaCzwWrDWGRPC97RLCHnU4LY8Qr - 2000 BTC
13sXfpp2V16nnxYvW9FHHoBdMa3k98uJw8 - 2000 BTC
1JztCg7eKSkb1vi7NzGJynXpLZmoaFtYud - 2000 BTC
13dXFMyG22EsUsvaWhCqUo7SXuX7rBPog6 - 2000 BTC
13Wv5hGhubAWgSPWtXYh6s1s7HX2N1psYg - 2000 BTC
14mP6caC5dFhHdVAPCjPKM8Nm36MBDR5pM - 2000 BTC
18YDgRhxsomuBZ1g9d8Y1JuRmxDhF8Bvff - 2000 BTC
1GyDutntMuYyA2vQGW5HFcKLfx4cbDdbJq - 2000 BTC
1N5X4kcZ56uRh24XrZoztS9Vb8G7j1Joop - 2000 BTC
1JtgU6Uo1RAt5eiMf34EehyatUezBQP36C - 2000 BTC
16jZZkMYqjUWUtQ9DfDvHdH5ko5BcnH9XQ - 2000 BTC
1HuPVqz2xvf1rdNFUqd62vRTyxP3jeX9Ch - 2000 BTC
12KkeeRkiNS13GMbg7zos9KRn9ggvZtZgx - 2000 BTC
1H4K3dGfNbAN4AUfyUrpkGpjrd83sntDpV - 2000 BTC
1HzEPuenagLEWj68igDXBBXrzc293RuR5V - 2000 BTC
12T4oSNd4t9ty9fodgNd47TWhK35pAxDYN - 2000 BTC
195HvmjXgoF3M5vFaBC8swZPhwrE7VhxRD - 2137.87 BTC
1Mm9brripN4RPTzkGnRrbt5uDWdqbfk2iX - 2000 BTC
1LzwbLgdKd4eFLkpRdeajkH1YJkVCip2zj - 2000 BTC
1MPJJzRaT8vLhowNB4dVyWRxxu79dq7WkB - 2000 BTC
19eihBKk6e5YD2QXAe4SVUsxRLLnTDKsfv - 2000 BTC
1CZsoJfkknbnW5fKrt1oR7N1ALE5WmDGP1 - 2000 BTC
1GkZQcDy8V6pmHFZqUBUBCnN9dc2hoWasD - 2000 BTC   
14USZ558Rr28AZwdJQyciSQkN4JT1cEoj2 - 2000 BTC
15SeCwVCFx5cWyrcdD1Zp1D1zxjH2SELPg - 2000 BTC
15U4VsmWG1cdXAtizvQsW4r7iMxzp64Tgu - 2000 BTC
1BDZBTb4KE5oq6wAgA6EvAe3uCFRrAbPao - 2000 BTC
1LueUjEuBgc7cQhsWT8zAfTjcWmrNBZXaR - 2000 BTC
1FrV9hv1AW34BGJvobJatyzUWYDWB9epRW - 2000 BTC
156HpsWfgkWYLT63uhTAGUSUF3ZMnB9WWj - 2000 BTC
1HX4s3JeFU3x1eQgPNQVAdx6FoCtbb1hr8 - 2000 BTC
19KiFrafXEyJCUDYFEv3B6tBUwyfFo7kNU - 2000 BTC
1PRXQEoL8vzEzoJJ9hbtAP6NaV2daccAUn - 2000 BTC
1G23Uzwj55k2A9TRwaTknqGav66oDTkWCu - 2499.87 BTC




 Here is a list of wallets and addresses where were BTCs which are sold from December 2017 till now:


1PwETHgRoVLdoL3TsMPuMGNVjKZCSie3kH - 2000 BTC - spent
https://www.walletexplorer.com/wallet/28c42a1e0b94a5cf - 8000 BTC - spent
https://www.walletexplorer.com/wallet/18571bf81dce70a0 - 18000 BTC - spent
https://www.walletexplorer.com/wallet/290a8d043b51908e - 6000 BTC - spent
https://www.walletexplorer.com/wallet/3cf7835edb1e1a76 - 6000 BTC - spent

In total 40000 BTC were sent to exchange,but not all of them were sold.
All BTCs were sent to Bitflyer exchange.Due to way of transactions handling,there is no doubt,they had technical assistance from Bitflyer.

All BTCs were sent on these addresses: 1MaUVgXCgdXLkmXwQ4WDek5yaK86zYXw2q (16000 BTC),   17wwq5PYiimNxCTfSydWu55aXjpDsXF21W  (1956 BTC)  and   1A4WkrgES6tfWCkx4rLbpKrweGeQkRXMy6  (22044 BTC)



List of dates when selling occured  and amounts involved in that:

18.12.2017 - 2000 BTC - Bitflyer
22.12.2017 - 6000 BTC - Bitflyer
17.01.2018 - 8000 BTC - Bitflyer
02.02.2018 - 6000 BTC - Bitflyer
07.02.2018 - 8000 BTC - Bitflyer
09.02.2018 - 10000 BTC - Bitflyer
Total sum: 40000 BTCs

So does this all mean they are just making the price go down? So they still hold all those BTCs?

No doubt that they are contributing to price fall,but far from that they are major factor.They sold about 40000 BTCs for 3 months.For the same time period 162.000 new BTCs were mined and sold.I think that price would go down even if they did not sell 1 BTC,but the fall would probably be smaller for about 25%.

[tothanhtuan]

Hope you guys understand that it's just a Fibonacci levels fight between market makers and their bots right now. Little to no human trading is happening. Bad news is it's pure manipulation. Good news is, market makers are still playing their games which means we'll be back to bull sooner or later.

[LuanX3]

Well after they exhaust all of those BTC they have in storage then likely prices will start going up again. Just basing what is happening right now, if they have dumped that much bitcoins and the price is still stable at $8,000 and above I do expect the price to really go up when they are done as the supply will again be a lot more stable unless satoshi comes back to like and sells his 1,000,000 bitcoins.

[BTC-BTC-BTC]

This is all about price manipulation and stay calm down during this time. If you can do not panic to sell and hold it out.

[LoyceV]

No doubt that they are contributing to price fall,but far from that they are major factor.They sold about 40000 BTCs for 3 months.For the same time period 162.000 new BTCs were mined and sold.I think that price would go down even if they did not sell 1 BTC,but the fall would probably be smaller for about 25%.

You make a very good point here. Not only is 40k Bitcoin very small compared to the total trading volume, it's also small compared to the number of newly created Bitcoins.
I think it's safe to say the Mt. Gox dumping has some influence, but the effect from the FUD it causes is much larger than it's actual effect.

[shakaru]

Whales will be dumping bitcoin more and more now , they need lowest price like 2-3k to start buying very easy and silent step by step to get in positions and after they will start pumping again.

[dificanovi]

at this time bitcoin prices are getting worse, now bitcoin prices have reached $ 8,800 I do not know after this, whether bitcoin prices will rise or the price will go down, I really do not know with the current condition of crypto currency.

[BitHodler]

I think it's safe to say the Mt. Gox dumping has some influence, but the effect from the FUD it causes is much larger than it's actual effect.

It surely has an impact on the market, but at the same time it's quite pathetic. People let themselves get controlled by something that shouldn't be able to cause any damage to the market at all.

If they just acted in a way they were genuinely caring about Bitcoin and the victims they supposedly are selling their coins for, they would have sold their coins in the way they should be sold, and that's through OTC.

I am fairly sure that they sell on exchanges because it allows them and their other criminal partners to dump the market down, and thus are guaranteed to buy Bitcoin privately on much lower levels.

They sold their own coins at the top, used the MtGox coins to tank the market back resulting in a massive correction, and they at a later point bought back. They made tens of millions over the back of innocent people.

[andika2018]

https://www.reddit.com/r/CryptoCurrency/comments/82nud3/mt_gox_has_been_dumping_on_us_for_the_last_two/

The reason of the low price we see since December is Mt Gox, which has more than 1 billion $ left to be dumped , and this will take several months to complete and may drop the price even lower.

I think these are the times to buy, in that when this Gox dump ends, the price will go up naturally again, probably to $20k which is the estimated record of the 2018.

The only doubt i have: how low can it go in these months?

In any case, even if i buy some coins now, i intend to HODL until the mid 2019 or 2020, so i will profit even if this is not the lowest price.

But if the price is likely to go under $5k i may prefer to wait so that i get more good coins for cheap

What is your estimated bottom price of these Gox dump months ?

$7k ?
$5k ?
$2k ?
500$ ?

Let me know

Maybe I am wrong but in my opinion bitcoin price at  $7900 is lowest price this month. If bitcoin price down more than $7900, i think maybe headed to $6000 . But hopefully after $7900 bitcoin price will go up again

[Arlibtchunt2018]

https://www.reddit.com/r/CryptoCurrency/comments/82nud3/mt_gox_has_been_dumping_on_us_for_the_last_two/

The reason of the low price we see since December is Mt Gox, which has more than 1 billion $ left to be dumped , and this will take several months to complete and may drop the price even lower.

I think these are the times to buy, in that when this Gox dump ends, the price will go up naturally again, probably to $20k which is the estimated record of the 2018.

The only doubt i have: how low can it go in these months?

In any case, even if i buy some coins now, i intend to HODL until the mid 2019 or 2020, so i will profit even if this is not the lowest price.

But if the price is likely to go under $5k i may prefer to wait so that i get more good coins for cheap

What is your estimated bottom price of these Gox dump months ?

$7k ?
$5k ?
$2k ?
500$ ?

Let me know

In my own estimation of the price trend it would fall until it goes to 7k$ most probably that lowest price for 2018. The i guess this dump most preferably the same with the last drop last January. It will be back for 1-2 weeks.

[berrymenalo]

Yeah, this firesale is annoying. It might kill a lot of altcoins (if it hasn't already). I'm seeing stuff that used to be a dollar pushing 3-4 cents right now which is causing problems for development because founders aren't able to actually fund their developers at these prices. I think BTC is gonna hit $2-4k but I'm not shorting it. Rather, going to buy on the way down and stay away from most altcoins for now. Hard to tell if they'll be able to survive (aside from Dragonchain due to Disney money).

Fucking trustee is being a giant dickhole 

[MoonJeina]

Don't you think that it is the time the market is giving some clear signals of buying and holding ?
Bitcoin is fluctuating and apparently Mt. Gox trustees are the reason , so this might be the time we need to buy until the market recovers it self completely again and the trends are back to rising everyday . Before the entire sell off , it is best to buy and do not even think of selling because that would only lead to some regrets.

[wuvdoll]

Yeah, read this news also. This is really sad to hear that this is because of this hacking. I am not sure whom will I mad of, mt gox or the hacker. But I know mt gox don't like what happen but they have they flaws also for not hiving their site the best protection. And for the hackers the karma is always around so just wait for it. For the price, yeah I ma expecting it also to lower its price. This is kinda annoying because I hold my bitcoin knowing it will reach in much higher value. But  I guess I have to wait again. Maybe in the end of the year we can see the real increased.

Hacking was never the problem and that was just by the way and a coincidence. It was not even a hack in the first place and binance explained all of that and good they were quickly able to halt that.

However, this MtGox guy was just really busy dumping on the market and really, at some point, I just got tired of trading because as you keep expecting things to change, then all of a sudden you see a huge dump coming which with what he is dumping is not small at all and could easily have impact. All the same though, I am really looking forward to him offering it to me at a cheaper rate.

[TravelMug]

Don't you think that it is the time the market is giving some clear signals of buying and holding ?
Bitcoin is fluctuating and apparently Mt. Gox trustees are the reason , so this might be the time we need to buy until the market recovers it self completely again and the trends are back to rising everyday . Before the entire sell off , it is best to buy and do not even think of selling because that would only lead to some regrets.

Yeah, its a clear sign that instead of panicking and selling our coins, why don't we buy more and accumulate? Perfect sign for me. As for the Mt. Gox trustee, he is really stupid for offloading such huge amount without thinking the impact of his actions.

Or maybe his intentions is to clearly bring the market down so they he or maybe some big entities that he is connected wants to buy and invest again at a cheaper price.

Here, you can monitor the coin movement:  http://coindata.info/mtgox.php. I'm not affiliated whatsoever, just a tool created by one of our members: https://bitcointalk.org/index.php?topic=3100094.msg32325995#msg32325995

[September11Myth]

If that is true that the crash is due to the MtGox dump, that's paradoxically a good news, because at some point those coins will all have been sold and the bulls will more than ever have a free way for their run.