Bitcoin down ( Mt. Gox is dumping )

[avp2306]

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.

There's certain articles state that MTgox really do the dump but I totally don't care about it since it good thing they dump for this state and this is a good sign that theirs no huge fuds will came in future that can kill the future ATH. But let's keep our eyes on the track so that we wouldn't miss the train and buy more cheap bits today.

[Quesdana]

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

I think there is truth to this rumor because bitcoin's price is driven by supply and demand. If it is true that a Mt Gox associates had sold a substantial amount of bitcoin then it could be the reason why we are having a bloodbath. This could not be the reason to panic because we can counter this one by buying bitcoin when the price becomes low.

[BTC-BTC-BTC]

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

I think there is truth to this rumor because bitcoin's price is driven by supply and demand. If it is true that a Mt Gox associates had sold a substantial amount of bitcoin then it could be the reason why we are having a bloodbath. This could not be the reason to panic because we can counter this one by buying bitcoin when the price becomes low.

I agreed with supply and demand. Also, people are taking their profit from the Bitcoin's all time high price. There is no one knows the bottom price so don't listen to anyone. Bitcoin is worth what the other people are willing to pay.

[ethereumhunter]

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

I think there is truth to this rumor because bitcoin's price is driven by supply and demand. If it is true that a Mt Gox associates had sold a substantial amount of bitcoin then it could be the reason why we are having a bloodbath. This could not be the reason to panic because we can counter this one by buying bitcoin when the price becomes low.

I agreed with supply and demand. Also, people are taking their profit from the Bitcoin's all time high price. There is no one knows the bottom price so don't listen to anyone. Bitcoin is worth what the other people are willing to pay.

yes, the bottom price could happen in anytime and in any price and it is better that we analyze by our self so we can predict where the price wants to go, at least we can make a prediction for the price than listening from other people. I heard about that news too but I don't think too much and I only believe on what I see in the market and I will try so hard to make money.

[Digital_Lord]

Bitcoin price will likely Surge as Mt.Gox Sell Off Paused Until september according to this article - https://www.newsbtc.com/2018/03/11/bitcoin-price-will-likely-surge-as-mt-gox-sell-off-paused-until-september/. This is a good chance to Hold until that time comes when he decide to sell his Bitcoin again.

Oh, great news, and that is apparently what should bring some light back into the market. I wonder why this is not being sold off the counter rather than dropping it on the exchanges, but I guessed now that it has been paused, we should see some movement pretty soon and see where the market leads us before September. At least, they have been able to finally tame him. Thanks a lot for sharing this news.

[stellgod]

Never thought that Mt. Gox is behind of the big sell-off that makes the price of Bitcoin quite low, and it continuously dropping since last December. I just hope that this end now. We are making bad impressions for the new comers, is this normal that is happening in the market of cryptocurrency? It is very alarming. I hope  this is the last drop. Getting afraid now what is happening. I just hope that it stop at 8K and rise again.

Yeah, the punk Trustee has been the one doing a mass dump on the market and sometimes I always end up feeling this was actually a deliberate act to crash the market. That has been a huge sell off for a market that was due correcting anyway and with the whole FUD that has been going on about the market crashing, this apparently fuelled the whole sell off by investors. That guy really needs to be chained.

[chickenfried12]

some of them say that the news is a lie but I think this news is effective for the breaking of the bitcoin by the way, if this bitcoin is sold it will surely be a break in the market. hope will be gathered as soon as possible and it will come to itself.

[hitrawal91]

Mt Gox dumping is one of the reasons for the bitcoin price to slip down. There are many reasons like Ban of bitcoin and other crypto ads from facebook and google, then you can see that countries like China shut down the ICO's and their respective exchanges. I agree that Dumping from the Mt Gox is the Major and bigger issues than others. But we should not forget that government is taking steps for managing those leftover dumping of $1 billion amount. I came to know that they are not going to dump those leftover amounts till September 2018 for any reasons.

[redsap]

waw i still realized the thing had happen
maybe drop into 7k or 5k
realy nice time to buy it again, i think the old holder was going to get out their bitcoin

[jahmes123]

We couldn't really tell how much cheaper it could get because of the Mt. Gox dumping,
So for me I think the best thing to do is trust your instinct and buy some when you think it is the lowest price.

[onrise]

We couldn't really tell how much cheaper it could get because of the Mt. Gox dumping,
So for me I think the best thing to do is trust your instinct and buy some when you think it is the lowest price.

If you do not have second thoughts about the btc price of future rise than I would suggest that on every dip keep continue to buy as the market moves from this range bound it will rise like a wild fire and then every one else would regret of not investing in this range. So it is your risk that you will be rewarded for.

[criptogoon]

We couldn't really tell how much cheaper it could get because of the Mt. Gox dumping,
So for me I think the best thing to do is trust your instinct and buy some when you think it is the lowest price.

Mt. Gox sell their BTC for a bargain price and Only God knows when that price will be established.

[LSimers313]

Price will clearly go down right now
Bear market.
There is no time frame, when it will end

[jaysabi]

i heard this news today when my friend told to me that bitcoin dumping by Mt.gox and i heard they will auction the rest of their bitcoin too in the near future and bottom line for bitcoin price probably will happen at $7k so I think I will wait a little longer if bitcoin really dropped at that price then it's time to buy back

The smart ones are investing when the billionaires are dumping. With so many crashes I don't know while are people still doubting the returning price of the Bitcoin to the value it had before the specific crash. Even if it is kept as a secret there is actually no secret in telling the world that the rich people are dumping the coins for their own benefit of investing again in the same coin.

This way they are manipulating the market because they have the power to do so. The dump is currently over and the ones who have reinvested at low prices can be proud right now. A current value of their coins is currently going through the growth process.

I'd be weary of making a habit of doing the opposite of what billionaires are doing. There's a reason they are billionaires and you are not. Intentionally doing the opposite of them seems like a bad idea. If a billionaire is making a financial decision, they probably know more about it than you do. If billionaires were fleeing bitcoin (and to be clear, there's no evidence to suggest that's the case), you'd probably be smarter to follow them rather than try to stand defiantly in their way.

[pealr12]

Price will clearly go down right now
Bear market.
There is no time frame, when it will end

Its not that deeply down , bitcoin is still on high price . I witness bitcoin crashed till it hit 300$  before and  $8k is still moon.  The only problem is when will this bear market will end.

[turagsoy123456]

Yeah the Mt. Gox, certainly he is the most hated guy at this very moment and might be curses from all over the world. Lolz. Well im not sure how much holdings he has left with or even im surprised to know that he still holds many more and about to dump it.

I think when the price will drop down Mt Gox wont sell anymore because he will be in loss as well. Or he has got so much power that he might just rebuy at the lower prices and again start the compounding investment. This way he can keep multiplying his wealth and might be responsible for increased prices again. 

This MT. GOX is also contributed why the price of bitcoin is bug down to a very low price. They are the bitcoin cartel because they can  buy billions of coins in a very low prices and sell it in a higher price, like what they did last few weeks they sell billions of their coins. Thats why the bitcoin slump in a very low price. The price of bitcoin is very affected because of what they did.

[linshisui38]

In the last two months, bitcoin hasn't gone down too much. I think it's a normal fluctuation, and people don't have panic selling bitcoins.

No one knows what will happen in the future, and since we choose to invest in bitcoin, we should stick to it, not speculate.

[rickadone]

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...

And that is second hand private key indeed. Why on earth will I ever want to buy a private key from someone when all it takes is just a split of minutes to get it transferred to my wallet where I control everything ? Just for the knowledge, so as to clear your assumptions for next time, private keys cannot be changed, and if you find yourself in the position of wanting to buy private key, then it is more like you sharing the asset with another person you are buying it from with both of you having full control of it and by then, it would be who is the first to move it out ? At that point, you do not want to be the last.

[BitHodler]

No one knows what will happen in the future, and since we choose to invest in bitcoin, we should stick to it, not speculate.

Speculation is Bitcoin's main purpose at this point, regardless of what our main focus is on. It's a brand new market that needs to mature properly, and till that time, speculation will remain key.

Once this market has matured enough, and regulations allow institutions to hold significant positions, stability will be the first indicator of a maturing market. Currently, institutions just laugh their ass off looking at our market.

One fart from an external source can tank this market down badly, which is a sign of utter incompetence. It's an aspect this market needs to overcome to actually be taken seriously by professional investors.

[Razick]

I think the Mt Gox sale affected the market alot, dumping such a high number of coins on the free market definitely affected the price negatively and is a part of why the price was driven so far down and then there are the people who started panic selling when they saw the price going down and that didn't help the market at all. And the worst part of it all is that Mt Gox still has a lot of coins in their possession which when they decide to sell will always affect the price.