Do you believe that this man crashed Bitcoin this 2018?

[jvdp]

Do you believe that this man crashed Bitcoin this 2018? This man https://www.zerohedge.com/news/2018-03-07/bitcoins-tokyo-whale-sells-400m-bitcoin-bitcoin-cash This might be the reason why the market has been swinging lately and can't recover.

P.S
Not spreading FUD. Just want to know what's your opinion on this.


HODL! HODL! HODL! HODL! 

Mt Gox sold the bitcoin for settle the funds worth of 400 million USD worth of bitcoins. Actually it affects more than 2000 USD in the market in last week but today again bitcoin started boom back again buddy. If you are waiting to invest your fund please put all your money on bitcoin and buy as you much can.
Since your reason is perfect. You may utilize this suggestion I gave here and invest on it. Great day mate.

[Easy2Mine]

I hope the criminals are caught as soon as possible. We were very sore from the thieves.

[LaLegiste]

... while holding 166k BTC and, apparently, no regard for the market's stability. Hopefully, the remaining coins won't be sold (nor given to Karpeles), but instead returned to the creditors (I think the coins' fate will be determined sometime in September?).

Yes. As i got from the further news on this subject, the trustee isn't allowed to sell more untill the next court session on Mt.Gox bankruptcy which will take place in the middle of september and where they'll decide what to do with the rest of the funds.

[jackflag]

Do you believe that this man crashed Bitcoin this 2018? This man https://www.zerohedge.com/news/2018-03-07/bitcoins-tokyo-whale-sells-400m-bitcoin-bitcoin-cash This might be the reason why the market has been swinging lately and can't recover.

P.S
Not spreading FUD. Just want to know what's your opinion on this.


HODL! HODL! HODL! HODL!  

I think that now there is a manipulation of the market by large players. If this person sells bitcoins, then only to buy them below. Perhaps - this can be a fake news, to divert public attention  and put the blame on 1 person

[Abigail.Parsons]

No I don't think it was him alone. It played a part for sure in moments but I think regulatory fears are having a much greater effect

[Sephire]

I do not think that the entire crypto market can be brought down by one person's selling alone. There has been lot of other FUD
that has contributed to this big correction.

[Tactical Genius]

He is partly to blame but most of the other price dumps have been as a result of the SEC's fresh regulations for exchanges.There is news Mt. Gox may have to sell an additional 1.9bn but I also heard they have been banned from liquidating till later this year.

[anavir]

we may say that what he did was one of the causes why  their is price dropped because it make some investor doubtful how stable bitcoin right now but we can not say that it wont regain because bitcoin has many investor and for me, they are just observing right now what will happened next..

[suzanne5223]

OP, the article posted is just one of the reason behind the dump in price of bitcoin because a lot of things happened lately which affect the crypto market. However, you'll see that bitcoin was not the only coin affected.

[leea-1334]

Mt Gox sold the bitcoin for settle the funds worth of 400 million USD worth of bitcoins. Actually it affects more than 2000 USD in the market in last week but today again bitcoin started boom back again buddy. If you are waiting to invest your fund please put all your money on bitcoin and buy as you much can.
Since your reason is perfect. You may utilize this suggestion I gave here and invest on it. Great day mate.

When the news first came out, I thought it was ridiculous. I think most people with any sense of logic would say the same. But I guess we underestimate the illogical thinking of the masses. Even those who did not believe it probably sold a little, "just in case",,, and this leads to the same following from other people. Small sells become bigger, and then the effect is multiplied. But the good news? Even this type of massive sells only dents Bitcoin price temporarily. My question now is why on earth is Bitcoin affecting all the alts too?

[BigBoy89]

IMO 400M sell out can't move the price for longer than 1-2 days.
It's the Binance API + other factors.

Now he must wait till the end of the year before get a court permission to dump the rest coins - 130K Bitcoins.

[realcrypto]

With large volume I know it can affect the market but this is not the only reason. We have several reasons, starting from some rumor of banning bitcoin in some countries  to hacking of some exchangers.

[gamaman990]

I don't think so. Although the amount of BTC in the account sounds large, it constitute only a very small fraction of daily BTC volume. It's a good source of FUD though.

[Bencus]

This might have an effect, BUT
Other "bad" news, like securities from SEC and Japan try to regulate exchange market, seems quite logical after these news. Its not healthy if a single person can manipulate the stocks by this much.
However, it can happen, and its happening all the time.
Who believes that nothing like this happens in the normal stock/currency market, is senile.
(George Soros for example on currencies, "the man who broke the bank of England", or who cannot enter Malaysia for currency manipulative reasons.)
So yes, this can cause FUD, and others to sell aswell, but regulations around the world can limit these in my opinion.

[goyald2801]

bitcoin daily volume is 10-20 billion dollar (1-2m btc) so i don't think  such sale may cause big dip ..

but still we want to see such people to get rid of btc soon , so that we can see btc pumping again.

[Gabteb]

i dont think it could be only reason before any crash we see a lot of bad news ,every time it s the same story some bad news then some big FUD and crash .

[pradobo]

If you understand that the price of Bitcoin was raised for some reason, and now falls, the same without any reasons. And who to believe?

[dress]

I think this is not the only reason we see the current situation on the market. This is due to the imperfectness of bitcoin and the development of other coins. So the sale of its assets is affected, but not so noticeable.

I totally agree with you.
Falls cost -> other people sell -> the third people sell too.
It's natural. You just have to be able to abstract it all.

[icalical]

It's very unlikely that Bitcoin could crash just because a single person, Yes that one Whale selling his BTC might give a significant impact, but other factors like FUD, Fake News, Government Banning etc, also play important role int todays crash.

[ekin4]

Nobody can crash crypto currency market alone. Nobody have that power except Satoshi. Don't worry about that.
Market crashes are going on as usual per technical analysis. Experienced users expected that.